Logistics and Trade Compliance

Trade and Logistics Compliance is necessary as this is a high risk area as cross border trade and complex regulations involving many countries come into play. Issues like global supply and global chain, Information Technology, logistics and operational readiness play an important role in shaping trade and logistics compliance. Topics of trade and logistics compliance include FDA Export Reform and Enhancement Act of 1996 and Foreign Corrupt Practices Act.

The FDA Export Reform and Enhancement Act of 1996 - a brief understanding

The FDA Export Reform and Enhancement Act of 1996 is a landmark Act passed by the American Congress. A landmark legislation in that it instilled and reinforced the concept of free global trade; the FDA Export Reform and Enhancement Act of 1996 removed the need for American pharma companies to obtain FDA approvals for the products that they export to select markets. Following the passage of the FDA Export Reform and Enhancement Act, American companies need to only get approval of the respective countries regulatory authorities. more...


The Foreign Corrupt Practices Act - a look

The Foreign Corrupt Practices Act, or the FCPA, was enacted by the American Congress in 1977. Its primary purpose is the prevention of bribing of foreign officials to favor their business interests. In particular, the anti-bribery provisions of the Foreign Corrupt Practices Act prohibit using mails or other such means of communication to seek favors and making payments of money or other articles of value with the intention of obtaining favorable terms of business. more...


An understanding of trade and logistics compliance

Any organization that is involved in imports and exports has to be aware of a slew of multi-nation agreements and treaties if it has to meet trade and logistics compliance requirements. Meeting trade and logistics compliance requirements not only ensures smooth flow of products into different geographies; it also enhances the reputation of the trade and logistics organization. more...


What is logistics and supply chain management?

Logistics and supply chain management (SCM) constitute a very important element of businesses. Getting the logistics and supply chain management aspects right is necessary for the smooth flow of products from their source to destination, during the course of which many activities need to be performed. more...


Export, Import and Trade Compliance Principle –an understanding

Export, import and trade compliance principle is a very important guiding standard for governing trade policies and ensuring compliance with the set national, regional and global trade norms. It helps to define an organization’s adherence to the export, import and trade compliance principle laid out by the government and also offers an understanding of the government’s outlook and stance in these matters. more...


Managing logistics and trade compliance in the global supply chain

Managing logistics and trade compliance in the global supply chain is a prime matter of concern and importance to businesses that have a global reach. If the global supply chain is inconsistent or fragmented; there is every chance of a disruption in the whole logistics and supply chain, throwing the whole system out of gear. more...


Why Trade Compliance and Logistics Must Work Together

Trade compliance and logistics must work together for a number of important reasons. While on the surface, trade compliance for logistics may seem burdensome for many organizations, the benefits of getting their trade compliance and logistics to work together are multifold and far outweigh the short term effort that goes into it, and that of noncompliance. more...


Global Supply Chain Regulatory Compliance

Global supply chain regulatory compliance has become more important than ever before because of the confluence of a number of factors. As globalization becomes inevitable and inescapable, the global supply chain is one of the core arenas in which it plays out. The outgrowth brought about by globalization, namely outsourcing, has further increased the need for global supply chain regulatory compliance. more...


The future of workers in logistics technology

One of the areas in which globalization and the rapid advance of technology have been making a huge impact is logistics. Logistics as an industry is in the throes of tumultuous shakeups because of the advent of technology and the explosion of industries that are dependent on logistics or of which it is a part. more...


Managing a Transport Management System

A Transport Management System is a great means to ensure that the transportation aspect of a business is robust, efficient, cost saving, and beneficial in a number of ways. It has replaced the earlier manual system of tracking transportation of goods, which was slow and inefficient. more...


Demonetization effects on the retail and supply chain management sectors

The demonetization that the Indian government, led by Prime Minister Narendra Modi carried out in November 2016 is being written about as one of the most daring moves aimed at purging the economy of the bane of black money by an Indian politician for a while. more...


How to choose a supply chain management solution

Any business that opts for a supply chain management solution has to have clarity on how to choose a supply chain management solution. This is because the supply chain management solution is expected to carry out a number of very important functions. Choosing the wrong or inappropriate one can backfire on the business and derail and impede, rather than ease its work. more...


Supply Chain Management for the Retail Industry

With the high growth seen and anticipated in the retail sector in both the developed world and in many developing countries; supply chain management for the retail industry has grown in importance. Supply chain management for the retail industry is a crucial facilitator in the retail business because the growth of the retail sector has brought about competition not only from domestic companies, but also international ones, since the retail industry has been a sector that has been profoundly influenced by globalization and has grown almost contemporaneously with it. more...


The Challenges before the Supply Chain Management and Logistics Industry

A look at the challenges before the supply chain management and logistics industry is instructive. Huge figures sit rather incongruously with the reality of the industry, which is that while from a universal point of view, the industry has been growing at a steady rate and is set to continue the upward trend; it has its own set of challenges and inequalities, depending on the market one is analyzing. The challenges before the supply chain management and logistics industry need to be looked at, if one were to analyze the supply chain management and logistics industry. more...


Trends that will shape Supply Chain and Logistics in 2017

Trends that will shape Supply Chain and Logistics in 2017 is an interesting topic to think about. Though most of the trends are a takeoff from the previous years, unless something really disrupting happens out of the blue at some point of time in the year; the signals are strong that the trends that emerged in the previous few years are set to solidify and get reinforced. more...

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