MOUNTAIN LAKES, N.J. (USA) — Amid all the complexities of the service supply chain there is nothing more complicated than global trade compliance. Regulations vary by country and seemingly change daily. Ignorance of the rules is not a defense. Violations can lead to additional duties, tariffs and taxes, substantial fines for companies and their employees, a suspension of trading privileges or, in worst-case scenarios, even prison time.
Global trade compliance is a topic of epic proportion — so intricate and immense that the details cannot possibly be covered in a single hour. Flash Global, a leading provider of post-sales spare parts logistics and support solutions to high-tech manufacturers, has dedicated five upcoming sessions of its FlashTube educational webinar series to discussing global trade compliance.
This five-part series kicks off with 5 Key Things to Know in Order to Import/Export Successfully, a roundtable discussion at 11 a.m. (MDT) on July 25.
Topics on the agenda include:
- What global trade compliance is
- Why it’s critical to do it by the book – and what happens if it’s not
- What ECCN codes are and how to find them
- What an Importer of Record/Exporter of Record is
- When it makes sense to do it in-house vs. outsource
“Global trade compliance touches every aspect of the service supply chain, from the warehouse floor to forward stocking locations in faraway lands. Your ability to move spare parts seamlessly across international borders depends on having a strong global import/export program. It protects you, strengthens your brand, and helps ensure greater customer satisfaction,” said Ryan Miller, VP of Global Marketing.
ABOUT FLASH GLOBAL
Headquartered in New Jersey, Flash Global designs and implements end-to-end service supply chain strategies for rapidly expanding companies, including many of the world’s top high-tech companies. Through its unique Simplicity of One approach — one comprehensive suite of integrated services, a single point of contact and one contract — Flash creates global solutions that are locally fueled, which enables companies to efficiently scale in countries all around the world. Companies leverage in-region and in-country expertise throughout Flash’s worldwide infrastructure of global service centers, regional command centers, distribution centers and forward stocking locations to seamlessly move products across international borders and serve their customer bases. To learn more about Flash Global, visit http://www.flashglobal.com.