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The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

This action was brought by the Office of Foreign Assets Control which is an enforcement agency of the U.S. Treasury’s Office of Foreign Assets Control 50 Percent Rule imposes sanctions on companies with combined ownership by “blocked” parties of 50 percent or more. Treasury Department. For example, the U.S.

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Should My Warehouse Be Automated?

Logistics Business Magazine

However, there are asset control tools as software platforms that make these tasks easier, if not automated themselves, such as Visualization Module, a product from viastore for visualising warehouse equipment status. Trends of the global warehouse automation market.

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How sanctions affect shipping companies and trade

Shipping and Freight Resource

In the US there is a special body responsible for control over the above issue: Office of Foreign Assets Control of the US Treasury Department (OFAC). A certain list of entities being subject to sanctions (SDN List) is officially published at the OFAC website.

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The Digital Supply Chain Needs to Include Trade Compliance Systems!

Logistics Viewpoints

For example, it can look like imports from China are cheaper than the same goods imported from Mexico if a company is not relying on analysis produced by an advanced good global trade compliance (GTC) system. In addition to using a GTC as part of a landed cost analysis, GTC solutions help companies adhere to restricted party lists.