Trade Publications

Natural Disasters Affect the Bottom Line - The Impacts of Hurricanes Harvey, Irma, and Maria

Posted on November 06, 2017. Category: Logistics PublicationsTrade Publications

By now, many in the logistics and transportation industry, as well as the clients they are serving, are starting to notice an uptick in the cost of their transportation needs. Much of this has to do with the impacts of the recent hurricane season compounded with the normally busier time of year. Disaster relief is itself an impromptu industry and due to immediacy, creates a glut in the market and thus, transportation activity.Many companies are seeing opportunity at every turn, from clean up and landscaping companies all the way to the top of retail mega-corporations like Amazon. So what...

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Hurricane Irma Update

Posted on September 08, 2017. Category: Logistics PublicationsTax PublicationsTrade Publications

Hurricane Irma is currently a category 4 hurricane that is expected to impact Florida over the weekend.This large powerful storm will cause supply chain disruptions over the next few days, and longer depending on the amount of damage sustained by the area.As of now cargo airline operations out of Miami and Ft. Lauderdale will be closed through Monday.The U.S. Coast Guard currently expects the closures of Port Miami and Port Everglades Saturday.Please check in at for the latest on Hurricane Irma. Furthermore, if you have questions about freight that is moving to or...

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Understanding and Mitigating the High Risk of Intellectual Property Rights

Posted on September 06, 2017. Category: Trade Publications

Intellectual property, a conception of creative ideas, can include designs, phrases, and symbols that characterize specific companies and are protected by laws in the form of intellectual property rights. These rights include copyrights, trademarks, trade secrets, and patents that not only serve as a huge part of company revenue but also provide a competitive advantage in the form of monopolies. Because of the value of intellectual property, theft in the form of counterfeiting, exposure of trade secrets, and piracy is a real and probable threat. It is crucial for companies to develop thorough programs to protect these assets at all...

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The Uncertainty of Abbreviated Country Codes

Posted on September 04, 2017. Category: Logistics PublicationsTrade Publications

In International Trade, abbreviated country codes are often used and are sometimes mandatory. They exist in a 2 letter code (ISO 3166-1 alpha-2) and a 3 letter code (ISO 3166-1 alpha-3, used by the United Nations). It is important to use the right codes, as errors can have unintended consequences. We have seen Germany erroneously shown as GE instead of DE, GE is the country code for The Republic of Georgia. The conversion from 3 to 2 letter codes can also be tricky. Sometimes, you can simply use the first 2 letters of a 3 letter code, as in FR instead of FRA for France. Other...

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SEC Tosses Up a Change in Conflict Minerals Rule Compliance

Posted on August 28, 2017. Category: Trade Publications

On April 3, 2017, the U.S. Securities and Exchange Commission (SEC) announced it would not recommend enforcement action for companies that disclose, but do not further investigate the usage of conflict minerals which may be from the Democratic Republic of Congo (DRC). According to the National Association of Corporate Directors, “Before the SEC announced their new ruling, companies that manufacture or contract to manufacture products using such minerals had previously been required to conduct extensive due diligence on its supply chain and make this diligence publicly known with a note that its products contained minerals which “have not been...

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Cargo Theft - Tips to Reduce Your Risk

Posted on August 22, 2017. Category: Logistics PublicationsTrade Publications

Believe it or not, cargo theft is a multi-billion dollar problem every year for shippers and carriers. According to the Federal Bureau of Investigation, that number also continues to grow. Thieves are drawn to the fact that trucks and warehouses can contain very expensive goods, producing high returns for fairly low-risk operations. Buyers always exist for these goods because people rarely ask questions when receiving a highly profitable deal. In addition, the ability to sell items over the internet allows for speedy transactions, concealed identities, and unsubstantiated information regarding the origin of the goods.So what should you be doing...

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Why Business Leaders Should Look to Export Their Products and Services

Posted on August 03, 2017. Category: Trade Publications

The United States’ goods and services market is performing on such a large scale that is important for businesses to analyze the benefits of exporting particularly since “70% of the world’s purchasing power is situated outside of the U.S.A” ( Apple Rubber).Below are the top 4 reasons that businesses should consider broadening their market and consider exporting their products:1. Foreign markets have the power to boost profits and the life cycles of certain products and services. While some people believe that exporting American goods is only for the prosperous and innovative products, some matured...

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Trade Facilitation Changes in Russia

Posted on June 12, 2017. Category: Trade Publications

In 2005, ninety-five member countries of the World Customs Organization approved in writing the SAFE security frame standards that aim to promote international trade,  economic activity and minimize the effect of modern technological challenges to supply chain, including risks imposed by terrorism. Specifically, the SAFE Framework establishes standards that provide supply chain security, integrate and harmonize supply chain management for all modes, enhance local Customs capabilities and functions, strengthen customs/business co-operation and promote seamless movement of goods.   To that end Russia has recently begun taking steps that further align their Customs and trade facilitation with the principles...

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Strike to Ensue Next Week for Spanish Dockworkers

Posted on June 02, 2017. Category: Logistics PublicationsTrade Publications

The dockworkers’ union announced they will officially go on strike for three days next week, starting June 5, 2017.  These strikes are set for Monday, Wednesday, and Friday and could lead to future walkouts. The strike is in objection to the government’s strategy to loosen the limitations of hiring workers at ports.  Initially, the union’s plan was set for a total of eight days of strikes between May 24 and June 9, 2017 but they were able to arrive at an agreement with the port employer’s association, Anesco.  On Thursday, the leaders of the union...

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It’s Buggy Out There

Posted on May 31, 2017. Category: Logistics PublicationsTrade Publications

Typically, when one thinks about the responsibilities of U.S. Customs and Border Protection (CBP), eliminating insects doesn’t readily come to mind as one of their duties. However, the agency recently intercepted a shipment containing a species of long-horned beetles and globular springtail insects at the Charleston Seaport. The shipment, which originated in Italy, contained insects in differing stages of development and were found inside the wood and plastic wrap.The reason CBP provides this support is because non-indigenous insects can potentially do massive damage to the environment, agricultural sector, and the overall economy.  According to a...

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