Simply Trade

Navigating complex international trade issues - This episode examines challenges and opportunities in US-China biotech collaboration, Brexit import charges impacting UK food prices, and perspectives on fair and open global trade. Renee Chuichiarelli joins Annik and Andy for an insightful discussion on recent international trade news. Topics include lawmakers pressing for scrutiny of Chinese biotec...

This episode analyzes the latest findings from Thomson Reuters' annual global trade survey report. Guests Karen Lobdell and Andrew Moxon from Thomson Reuters share insights on challenges, priorities, and trends impacting global trade professionals based on feedback from over 175 industry respondents. Main Topics - Emerging environmental regulations posing new complexities for cross-border trade co...

How can companies prepare for and respond to major supply chain disruptions like the recent ship collision that blocked a key US port? Tune in to this episode of Simply Trade to find out. This episode of Simply Trade discusses the impact of the recent ship collision that blocked the critical Port of Baltimore, as well as other supply chain disruptions from cyber espionage and shifting trade routes...

Getting lawmakers' eyes wide open to the benefits of Foreign Trade Zones. Hear from NAFTZ on educating Congress through their successful advocacy efforts on Capitol Hill. The National Association of Foreign Trade Zones (NAFTZ) held their annual Legislative Summit in DC, where multiple teams met with over 40 congressional offices to discuss key issues facing the FTZ industry. We'll cover their stra...

Annik, Andy and Lalo return with insights from the ICPA conference on building strong compliance cultures and leveraging new technologies like AI. Tune in to hear key learnings on Boeing's recent export violations and how companies can avoid similar issues. Main Points - Learn from Boeing's $51 million settlement for unauthorized data transfers, and why internal compliance buy-in is critical - Und...

Looking to streamline your global trade? Tune in to learn how the Trade Support Network collaborates with CBP to modernize customs processes through data-driven initiatives. Key stakeholders discuss ongoing efforts to facilitate cross-border commerce through standards development and trusted trader programs. Main Points - The TSN supports CBP by providing technical expertise and trade perspectives...

Trade professionals tune in to hear the latest global trade news and analysis. This episode of Simply Trade covers state-level trade deals between the UK and US, cybersecurity risks in ports, and flourishing China-Russia trade despite sanctions. Main Points - We are talking about a UK-Texas trade pact and its potential to strengthen broader economic ties between Britain and the United States. - An...

Are you really sure what products and technologies your company is working with? Gabrielle Griffith of BPE Global explains how a seemingly simple "cake" recipe could actually be subject to strict export controls depending on its ingredients and applications. Tune in to learn how to map your supply chain and identify any potential compliance risks. Main Points: - Gabrielle emphasizes starting with...

Attacks on container ships in the Red Sea and Middle East are causing major disruptions to global trade routes. In this episode, we discuss the impacts with John Gould of the National Retail Federation, who has testified before Congress on these issues. John shares insights into how rerouting vessels around Africa is adding significant time and costs to international supply chains. Main Points: -...

Forced labor remains a global issue impacting trade. This episode explores recent regulations and legal cases targeting exploitative practices. We'll also discuss the growing role and leadership of women in international business. Main Points - The EU's new forced labor ban and increased enforcement efforts - Investigating supply chains is key to compliance with regulations - Market manipulation c...

As geopolitical risks intensify worldwide, importers and exporters face growing challenges staying compliant. Trade expert Lila Landis shares insights on navigating these turbulent waters through risk assessment, regulatory awareness, and building robust compliance programs. Main Points - Top compliance trends for the election year, including trade deal impacts and C-suite advice - Enforcing impor...

The GTC Media podcast discusses the latest developments in international trade, with insights on digital taxation, sanctions, green energy, and forced labor. Tune in for a roundup of global trade news. Main Points - Digital taxation at the WTO could impact consumers through higher prices for online goods and services. Governments see this as a revenue opportunity, while consumers want to avoid new...

A festive holiday sweater sparked a viral debate among trade experts on LinkedIn. Tune in to hear the hilarious story behind how one compliance manager's silly sweater design led to a lively discussion analyzing its proper classification under international trade rules. Main Points: - Ryan Bennett shares how he created a Christmas sweater with the HTS code for "festive Christmas articles" as the d...

Welcome to another episode of Simply Trade, where we delve into the world of international trade, importing, and exporting. In this episode, we discuss the surge in US import prices in January, the impact of rising costs on the US economy, and the shifting dynamics of the US-Germany trade partnership. Main Points: 1. US Import Prices Surge: We discuss the 0.8% surge in US import prices in January,...

Trudy Wilson shares her unique career journey from customs broker to trade compliance consultant and instructor. Listen as she discusses balancing life between the US and Jamaica. Learn how she progressed through the customs brokerage industry and gained invaluable experience across various roles and locations.  You will have to listen to learn more about her other job on her goat farm in Jamaica....

In this episode, Andy and Lalo sit down with ICPA leaders to discuss how to get the most out of attending the ICPA Annual Conference. From networking strategies to volunteer opportunities, these experts share their best tips for building valuable connections and maximizing the conference experience. Main Points: - Conference preview details including location, tracks, sessions and expected attenda...

This episode of Simply Trade discusses how shifting global financial power could impact international trade. Hosts, Annik and Andy are joined by guest host Renee Chuichiarelli where they provide historical context on the US dollar's role and analyze recent developments challenging its dominance. Main Points - De-dollarization efforts by countries like China and implications for the US economy - Sm...

Banks play a crucial but often overlooked role in international trade. As Kelly McCorkle of Schulz Law Firm explains, "Financial institutions are uniquely situated in the transaction. They're assisting exporters in conducting business, but they also have access to a significant amount of documentation related to export transactions." This episode explores new regulations that expand banks' respons...

Recent attacks on cargo ships transiting the Red Sea have highlighted the geopolitical risks facing global supply chains. On this episode, we sit down with Peter Tirschwell of the TransPacific Maritime Conference (TPM24) as well as the Journal of Commerce Vice President, to discuss the impact of these events and how conference attendees can gain insights on navigating challenges in international t...

This episode of Simply Trade discusses strengthening supply chains in the Indo-Pacific region and evolving trade dynamics between the US, Mexico, and China. Annik, Andy, and Lalo provide insights on responsible solar panel sourcing, improving supply chain resiliency through international cooperation, and the impacts of US trade policy shifts. Main Points - Forced labor concerns in Chinese solar pa...

Understanding complex EU regulations is key for global businesses. On this episode, we discuss a program helping professionals in Europe and beyond. Main Points - Fiona Luciani of the International Trade Institute outlines their university-accredited program covering EU customs trade regulations - Differences in approaches to training in the EU are explored - Applying concepts like classification,...

This episode of Simply Trade takes a closer look at recent developments impacting international businesses. Hosts Annik, Lalo, and Andy talk about unfair trade allegations in the paper plate industry and discuss strategies for navigating trade duties. They also explore the IMF's 2024 economic outlook and how data-driven decisions can boost supply chain resilience. The episode provides insights int...

This episode of the Simply Trade Podcast features a discussion with multiple guests from Flexport on the importance of managing supply chain data to navigate challenges in international trade like duty drawbacks, changing sourcing strategies, and geopolitical disruptions. Main Points - Duty drawback programs can provide significant refund opportunities for companies through better data tracking of...

In this episode of Simply Trade, hosts Annik, Lalo, and Andy discuss recent news articles related to international trade topics like changes in parcel shipping costs, proposed restrictions on civilian gun exports, potential US tariffs, and more. Changing Landscape of Parcel Shipping Discrepancies in FedEx and UPS pricing and services. Global Training Center's Lalo shares how they consolidated ship...

On this, the final segment of our conversation with Jackson Wood of Descartes, we discuss the need for a collaborative, cross-functional approach to effectively manage global trade compliance and supply chain risks. Representatives from procurement, logistics, and compliance must work together using the right tools and data to gain strategic insights. New technologies can help streamline processes...