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The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

The global trade compliance market is one crazy market. The market grew by double digits year over year, yet there is no standard user and consequently there is no common understanding of what the end-to-end global trade compliance process should be. At SAP their solution is developed by their governance risk and compliance team.

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Beyond Trade Compliance

Logistics Viewpoints

Jackson Wood, director of industry strategy for global trade intelligence at Descartes. I’m kicking off some research and writing on global trade compliance. Mr. Wood believes there is a significant trend that is occurring with respect to the trade compliance department in companies. Both are leaders in this market.

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Look Before You Leap: Avoid Unintended Consequences with Your Logistics Strategy

Logistics Problem Solving

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

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How We Use Data to Better Plan for Produce Season

FreightWaves SONAR

Take, for example, the market of Twin Falls, Idaho in comparison to Lakeland, Florida. Additionally, SONAR freight data offers bulk lane analysis in a variety of ways for users to understand drastic changes in rates, volumes, rejection data and more on a week-over-week or month-over-month basis.

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Look Before You Leap: Avoid Unintended Consequences with Your Logistics Strategy

Logistics Problem Solving

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

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What Shipping Analytics Tools Should Freight Market Participants Have in Their Freight Stack?

FreightWaves SONAR

For example, just-in-time fulfillment models, drop-shipping, and cross-docking avoid wasted space. For example, market conditions show shippers’ rate trajectories. Improved planning through wait time analysis benefits all parties. Compliance management resources. Wasted warehouse space leads to higher overhead.

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The Digital Supply Chain Needs to Include Trade Compliance Systems!

Logistics Viewpoints

And yet Jerry Peck, the vice president of product strategy for global trade and transportation execution at QAD, made the point that when global companies think about digital supply chains, global trade compliance is often not part of their thinking. For example, the U.S.