Insights

Impact of Sri Lankan economic crisis on Logistics and India

June 02, 2022.
Logistics Publications

Sri Lanka's economic crisis has had a cascading effect on its maritime activity, especially that of the Colombo port, a key transshipment hub of the Southeast Asia region. Trade operations had slowed in Sri Lanka since February, owing to a massive forex crunch followed by fuel scarcity. In the...

6 Things You Need to Know to Start Filing Property Tax Returns

May 31, 2022.
Tax Publications

Knowledge is Key Are you ready to file your business tangible property tax returns? If not, where can you find answers to your initial questions? Do you know where and when your returns are due? Do you know the “snapshot” date for the return data? Do you know...

World Trade Week

May 26, 2022.
Trade Publications

May 2022 is recognized as World Trade Month. World Trade Week, which occurs annually during the third full week of May, was first established in 1935 by President Roosevelt. In celebration of world trade here are 10 fun trade facts. The first major piece of legislation passed in the United States was the...

Customs Modernization and Informed Compliance Act: What is “Reasonable Care”?

May 25, 2022.
Logistics Publications, Trade Publications

The Customs Modernization and Informed Compliance Act or Mod Act establishes clear requirements that parties must exercise “reasonable care” when conducting business related to importing into the United States, but what is reasonable care? Every import transaction is different, from the nature of the imported goods to the...

In Case You Missed It (May 16-20)

May 24, 2022.
Tax Publications

The Future of Filing - Tax Teams and Technology Online corporate tax filing’s evolution has caused a shift in team dynamics and filing processes. Having the right team dynamic in place can make all the difference when adapting and innovating with new technology. In this article by Crowd...

White House Announces New Indo-Pacific Economic Framework

May 23, 2022.
Logistics Publications, Trade Publications

The Biden administration announced the launch of the Indo-Pacific Economic Framework (IPEF) on Monday, May 23, which is designed to promote financial and economic stability in Asia and Oceania. The pact follows the initiation of the Regional Comprehensive Economic Partnership (RCEP), a trade deal spearheaded by China in January of 2022, and...

Baby Formula Shortage Underscores Supply Chain Struggles; US Plans to Ease Import Restrictions

May 19, 2022.
Logistics Publications, Trade Publications

A sudden nationwide shortage of baby formula has served as a stark reminder that supply chain woes continue to be felt midway through 2022. Across the United States, 40% of formula is currently out of stock, while individual states are seeing even more acute supply gaps, which have increased by 2,000% since January....

CBP Specialists Intercept Rare Pest

May 17, 2022.
Logistics Publications, Trade Publications

U.S. Customs and Border Protection is one of the world’s largest law enforcement organizations. This is understandable when you consider CBP’s wide ranging mission that includes things like counter terrorism, combatting transnational crime, securing our borders, facilitating lawful trade, and of course, collecting duty and...

Does Artificial Intelligence have a place in HTS Classification?

May 16, 2022.
Logistics Publications, Trade Publications

International Trade is complex and often quite meticulous. The industry continues to grow more and more complex as technology advances and relationships among countries evolve. Continuous advances in technology force industry leaders to consider things they have never considered before. In 1990, world trade leaders probably were not debating where we...

German / America Trade Compliance (German)

May 12, 2022.
Logistics Publications, Trade Publications

Deutschland und die Vereinigten Staaten von Amerika sind nicht nur internationale Supermächte im Sinne von Kriegsführung und globalem Einfluss, sie sind auch Weltmarktführer im internationalen Handel und Export. 1955, während der Nachkriegsbesetzung Deutschlands, nahmen die Vereinigten Staaten „diplomatische Beziehungen zu Westdeutschland auf,...

German / American Trade Compliance

May 12, 2022.
Logistics Publications, Trade Publications

Germany and the United States of America are not simply international superpowers in the sense of warfare and global influence, they are also world leaders in international trade and exports. In 1955, during the post-war occupation of Germany, the United States, “established diplomatic relations with West Germany, which included the...

U.K. Trade Minister Aims to Strike “Mini” Deals with U.S. Individual States

May 03, 2022.
Trade Publications

Penny Mordaunt, U.K. Minister of Trade, toured several U.S. states to begin a discussion about trading with states individually. Mordaunt said as a country, the United States “has more to do to be ready for an FTA.” She now spends time negotiating with officials in California,...