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KEEP FLOOR TRAFFIC
FROM RUNNING WILD.
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prevents both governments and international traders from preparing for specific
regulations until it becomes law in all
affected countries.
Facing this uncertain future, importers
and exporters will likely find the best
GTM for their business is one that has
the flexibility to quickly incorporate the
myriad changes as soon as TPP and other
trade agreements become law. Companies
armed with up-to-the-minute GTM software can take full advantage of complex
trade pacts, claiming preferential treatment for their goods and trading partners
so they can avoid paying expensive tariffs.
ABILITY TO CONNECT TO ERP
SYSTEMS
Facing the growing challenges of importing and exporting goods in the global market, many shippers, carriers, customs brokers, and freight forwarders are outgrowing their previous approaches to handling
trade compliance. Managing multilayered
import and export transactions through a
generic business software platform such as
the company’s enterprise resource planning (ERP), material resources planning,
or transportation management system can
be cumbersome, slow, and inefficient.
To stay current with evolving regulations, companies are increasingly looking
to GTM platforms to improve their trade
compliance process.
However, the complexity of modern
international trade means that a mature
GTM platform can no longer work as
a single-point solution, focused merely
on automating paperwork. Instead, it
must take on a product management
role, merging the competing demands of
imports, exports, tariffs, and laws, said
Anthony Hardenburgh, vice president of
global trade content at Amber Road.
Without visibility into the impact of
In one example, a U.S. laptop retailer tried
to sell $2,500 computers to consumers in
São Paulo, Brazil, but failed to realize that
taxes and duties added another $2,000 to
the sticker price. The final cost was so high
it had to abandon the project.
