It's almost easy to talk about what's not in the agreement versus what is in the agreement,' says industry expert Marianne Rowden. Dive into the details of the new WTO digital trade agreement and what it means for your international business. In this episode we are joined by Marianne Rowden, President of the E-Commerce Association, to discuss the evolving landscape of digital trade and data flows. With governments eyeing the potential to tax cross-border digital transactions, this conversation p...
Sep 05, 2024•53 min•Ep. 222
In this episode of the Simply Trade Podcast, we dive into the complex world of international trade, exploring the latest developments in air cargo, tariffs, and diplomatic relations that are shaping the global business landscape. Join Annik and Lalo as they unpack this week's trade articles that shed light on the challenges and opportunities facing trade professionals. From the potential impact of lowering the de minimis exemption threshold for e-commerce goods to the diplomatic tensions between...
Sep 02, 2024•27 min•Ep. 221
Detention and demurrage charges can be a minefield for cargo owners and service providers in the international trade and logistics industry. In this episode, industry expert Melzie Wilson shares invaluable insights on mastering these challenges through effective communication and proactive strategies. The maritime industry has seen significant changes in recent years, particularly with the introduction of the OSRA 22 and the ongoing impact of the COVID-19 pandemic. These shifts have brought the ...
Aug 29, 2024•36 min•Ep. 220
In this episode, we're joined by a panel of experts from ICPA to get an exclusive behind-the-scenes look at their upcoming Fall Conference. Learn about the must-attend sessions, valuable networking opportunities, and the unique blend of serious trade topics and fun social events that make this conference a must for anyone involved in importing, exporting, or international logistics. Main Points/Takeaways: 1. Cutting-Edge Content: The ICPA conference is packed with sessions covering the latest tr...
Aug 28, 2024•36 min•Ep. 219
We dive into the critical issues impacting global trade and supply chains, from the threat of a Canadian rail shutdown to the groundbreaking AUKUS agreement and China's export restrictions on a crucial mineral. Plus, a surprising fact about the world's top honey exporter. Join Annik and Lalo as they tackle the latest developments in the world of international trade and logistics. With Andy temporarily away due to a move, this episode provides a unique perspective on the challenges and opportunit...
Aug 25, 2024•22 min•Ep. 218
Navigating the complex world of trade compliance just got easier. In this eye-opening episode, we sit down with Rachel Winkler, a former DHS official and trade compliance expert, to uncover the latest government crackdowns, potential pitfalls, and proven strategies for keeping your international trade business on the right side of the law. As global supply chains become increasingly interconnected, the stakes for trade compliance have never been higher. From forced labor regulations to economic ...
Aug 22, 2024•38 min•Ep. 217
In this week's Simply Trade News Roundup, we dive into the latest developments impacting international trade, importing, and exporting. From new legislation targeting Chinese e-commerce to labor negotiations that could disrupt the supply chain, this episode is a must-listen for trade professionals. Main Points & Takeaways: 1. US Bill Targets Chinese E-Commerce Imports: The US Senate has introduced the "Fighting for America Act" to enhance scrutiny on low-value shipments from China. This legi...
Aug 19, 2024•28 min•Ep. 216
"They wouldn't have it there, but we would have gotten it later, for sure." - This quote from the conversation hints at the fun, social, and fun-filled nature of the industry relationships discussed in this episode. In the fast-paced world of international trade, importing, and exporting, strong relationships and mentorship can make all the difference. This episode takes you behind the scenes of the close-knit customs, freight, and logistics industry, where camaraderie and lifelong bonds are for...
Aug 15, 2024•24 min•Ep. 215
"Nobody has the resources to examine 100% of cargo. The thought of needing to do that was unrealistic, and it took time for customs and the private sector to embrace a collaborative approach." In this episode, we sit down with Erik Moncayo, the International President of the World BASC Organization (Business Alliance for Secure Commerce), to discuss the critical role of supply chain security in international trade, importing, and exporting. BASC is a non-profit organization that works to facilit...
Aug 14, 2024•38 min•Ep. 214
In the dynamic world of international trade, staying ahead of the curve is essential. Join us as we unpack the latest developments that are shaping the industry, from shifts in US sanctions enforcement to the operational challenges faced by major ports and the evolving global metal market. In this episode of the Simply Trade News Roundup, our expert hosts Annik, Lalo, and Andy delve into a range of topics that are crucial for trade professionals to understand. From the appointment of a new actin...
Aug 12, 2024•28 min•Ep. 213
"If you're an importer of record in the United States, you have to demonstrate reasonable care for the products that you're bringing into this country. And this is no different. This falls under that requirement." - Eric Hargraves, from Elliott Davis In this episode, we dive deep into the challenges and strategies for demonstrating "reasonable care" when importing products into the United States. Our guest, Eric Hargraves, a partner at the consulting firm Elliott Davis, provides invaluable insig...
Aug 08, 2024•44 min•Ep. 212
Discover the secrets to maximizing the benefits of Foreign Trade Zones (FTZs) for your international trade, importing, and exporting operations. In this episode, we go behind the scenes of the premier FTZ event - the NAFTZ conference in New Orleans. Foreign Trade Zones are a powerful tool for businesses engaged in global trade, offering a range of benefits from duty deferment to streamlined logistics. But navigating the FTZ landscape can be complex, which is why the annual NAFTZ conference is a ...
Aug 07, 2024•27 min•Ep. 211
In this episode, hosts Annik, Lalo, and Andy discuss the latest developments in global digital commerce, US-China trade relations, and the impact of Russia's move to allow foreign banks to operate within its borders. They also touch on the impressive performances of Olympic athletes, particularly the US Women's Sevens rugby team. Main Points/Takeaways: - The US has not backed a new global agreement on digital commerce regulations, despite 80 nations successfully negotiating the deal. Experts exp...
Aug 05, 2024•22 min•Ep. 210
Brace yourselves - supply chain disruptions are on the horizon. In this episode, get an insider's look at how the Department of Homeland Security is working to predict and mitigate unprecedented risks to global trade and logistics. The COVID-19 pandemic exposed the vulnerabilities of our interconnected supply chains, leading to widespread shortages, delays, and economic turmoil. In response, the Department of Homeland Security has established a new Supply Chain Resiliency Center to take a proact...
Aug 01, 2024•36 min•Ep. 209
Forced labor is a growing issue in global trade, with 28 million people affected and $236 billion in profits made annually. Are you aware of the risks in your supply chain? In this episode of the Simply Trade podcast, host Annik sits down with Renee Chuichiarelli, an expert on forced labor compliance, to dive deep into this critical topic. They discuss the alarming statistics, personal stories, and regulatory changes that every international trade professional needs to know. Main Points/Takeaway...
Jul 29, 2024•32 min•Ep. 208
Navigating the Customs Clearance Challenges of the E-Commerce Era "CBP's limitations in staffing and facilities have resulted in a reimbursable program that is understaffed and unable to keep up with the volume of cargo." - Cindy Allen The rise of direct-to-consumer e-commerce has upended traditional trade flows, leaving customs authorities struggling to adapt. In this episode, industry experts Cindy Allen and Andy dive deep into the history and challenges of de minimis regulations, the strain o...
Jul 25, 2024•34 min•Ep. 207
In this episode of the Simply Trade News, hosts Annik, Andy, and Lalo dive deep into the latest developments in the international trade landscape. From the ongoing challenges in the solar panel industry to the skyrocketing shipping rates and the tightening of Russian sanctions, this episode offers a comprehensive overview of the critical issues facing trade professionals. Main Points/Takeaways: 1. US Solar Panel Manufacturers Seek Tighter "Made in USA" Rules: US solar panel manufacturers are pus...
Jul 22, 2024•20 min•Ep. 206
From Forced Labor to Forced Transparency: How AI is Revolutionizing Supply Chain Management. Ever feel like you're playing detective with your supply chain? Get ready for a mind-blowing chat about a tool that's changing the game! Context: In this episode, we dive into the future of global trade with Supply Trace - an innovative, open-access platform that's using AI to revolutionize supply chain transparency. Whether you're an international trade pro or just getting started, this conversation is ...
Jul 18, 2024•37 min•Ep. 205
In this episode of The Simply Trade News Roundup, we dive into the latest developments shaking up international trade, importing, and exporting. DHS targets forced labor in aluminum, PVC, and seafood industries - what does this mean for your supply chain? Join us as we explore the far-reaching implications of recent forced labor enforcement actions, banking challenges in the Pacific, and the ripple effects of US sanctions on global trade dynamics. Main Points/Takeaways: 1. Forced Labor Enforceme...
Jul 15, 2024•21 min•Ep. 204
Is your company "sexy" to customs auditors? Discover what puts you on their radar and how to prepare. In this episode, trade compliance expert Cindy De Leon shares insider knowledge on customs audits, compliance risks, and essential preparation strategies for importers. Learn what factors make your business an attractive audit target and the steps you need to take to protect yourself. Main Points/Takeaways: Audit attractors: Free trade agreement claims, first sale programs, tariff changes, and a...
Jul 11, 2024•39 min•Ep. 203
Discover how Mexico's first female president could reshape North American trade and foreign investment. Join us for an insightful discussion with Mexican attorney Brenda Cordova on the implications of Mexico's newly elected president, Claudia Sheinbaum, for international trade and foreign investment. We explore the current state of Mexico's economy, the USMCA treaty, and the future of nearshoring. Main Points/Takeaways: 1. Mexico's Economic Position: - 12th largest economy globally - Foreign Dir...
Jul 08, 2024•38 min•Ep. 202
In this episode of Simply Trade, we dive deep into the world of duty drawback with industry expert Tony Nogueras. As China tariffs continue to impact global trade, understanding advanced drawback strategies has never been more crucial for importers and exporters. Main Points/Takeaways: 1. Recent changes in China tariffs and their impact on international trade 2. The modernized drawback regulatory structure and its game-changing effects 3. HTS-level substitution and its advantages for various ind...
Jul 04, 2024•44 min•Ep. 201
Global trade professionals get an inside look at the latest customs and cybersecurity regulations, as well as supply chain risks, from industry experts. Simply Trade podcast hosts Annik, Renee, and Andy discuss key updates from CBP on customs broker accreditation and continuing education requirements. They also analyze articles on maritime sanctions, clean energy cybersecurity guidelines, and holiday supply chain impacts. Main Topics: CBP selects entities to develop standards for customs broker ...
Jul 01, 2024•25 min•Ep. 200
Gain strategic insights from industry visionaries on leveraging emerging technologies to transform global supply chain management in today's volatile business environment. Former US Customs Commissioner Alan Bersin and Altana CEO Evan Smith discuss how AI, federated data sharing, and value chain management are revolutionizing international trade operations. Main Points: AI and blockchain enable end-to-end supply chain mapping and compliance screening across multi-tier networks Public-private dat...
Jun 27, 2024•50 min•Ep. 199
Forced Labor Crackdowns Create Compliance Challenges Global trade professionals face increasing pressure to ensure ethical and legal supply chains. This episode of Simply Trade News Roundup discusses recent US actions against forced labor and an upcoming training course to help importers and exporters address these challenges. Main Topics: US adds 3 Chinese companies to banned import list over Uyghur forced labor New head of forced labor enforcement warns of sudden enforcement actions Global Tra...
Jun 24, 2024•28 min•Ep. 198
With margins crushed and volumes plummeting, freight companies are struggling to stay afloat. On this episode, top logistics consultant Abby Hafenbredl reveals the strategies actually working for brokers and fleets - and the steps you must take to future-proof your operations. Abby joins us to discuss the challenges facing the transportation industry due to decreased volumes, labor shortages, and infrastructure issues exacerbated by the pandemic. She shares insights from her work with Lean Solut...
Jun 20, 2024•51 min•Ep. 197
Struggling supply chains face increased imports - How will logistics players handle the surge? This episode of Simply Trade unpacks challenges and opportunities as global trade rebounds. Main topics Navigating rising US imports and potential port congestion; Tariffs on Chinese EVs over forced labor concerns; Sanctions against Russian military support. Insightful discussions cover the complexity of global dependencies and maintaining business relationships amid political tensions. Key takeaways D...
Jun 17, 2024•27 min•Ep. 196
Did you know that poor currency exchange practices could cost your business up to 20% in profits? Tune in to learn how to avoid hidden fees and maximize savings on international payments Andy and Lalo sit down with chief economist Dr. John Min of Monex Group to discuss best practices for managing currency risk and payment processing in international trade. As importers and exporters deal with fluctuating exchange rates, learn the strategies to protect your bottom line. Main Takeaways: - Invoicin...
Jun 13, 2024•44 min•Ep. 195
Canadian companies are facing increasing scrutiny and obligations around forced labor in global supply chains. Trade lawyer Will Pellerin shares challenges and what's ahead. Kim Campbell and Andy discuss Canada's new reporting rules under Bill S-211 and challenges with CORE investigations. Guest Will Pellerin provides insights on compliance as an expert in Canadian trade law. Main Takeaways: - Details of Canada's new forced labor reporting requirements - Concerns raised around CORE's lack of tra...
Jun 12, 2024•1 hr 2 min•Ep. 194
In this episode of the Simply Trade Podcast, hosts Annik and Renee Chiuchiarelli discuss the latest international trade news with insights on regulations, alliances, and economics. Main Topics: - Mexico's new climate-focused president and her potential initiatives under USMCA - Turkey expressing interest in joining the BRICS alliance and what this means for global dynamics - Impact of continued steel tariff suspension on Ukraine's recovery from Russian invasion Key Insights: - Renee Chiuchiarell...
Jun 10, 2024•22 min•Ep. 193
