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There has never been a greater need for reducing costs in global supply chains than right now.
The cost and complexity of supply chains is at a historic high. The push for new sourcing strategies, involving supplier diversification, combined with greater regulatory scrutiny of importers and exporters, are forcing businesses to take a close look at their trade expense. On this episode, we talk solutions with Elizabeth Connell, senior director of product management with Thomson Reuters, and Jeff Rohe, vice president of product management with Infor. We’ll discuss a number of cost-cutting options available to global traders and manufacturers, some new and some that have been around for decades. Solutions include the “first-sale” and de minimis rules for duty assessment, foreign trade zones, free trade agreements, and the breaking out of an imported product’s components to qualify for a lower overall duty. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
