SOMI - Supplier Owned & Managed Inventory Model Superior Freight Services, Inc. offers the SOMI model. What is SOMI? SOMI is a supply chain management strategy intended to drive cost savings and lower inventory levels forming a leaner supply chain. It facilitates a pull-based approach that helps prevent excess inventory from being pushed into the supply chain. Here … [Read more...]
New Partnerships Enhance Import Border Management
New Partnerships Enhance Import Border Management U.S. Customs and Border Protection announced additions to the Commercial Targeting and Analysis Center (CTAC): U.S. Food and Drug Administration (FDA) U.S. Fish and Wildlife Service (FWS) National Marine Fisheries Service (NMFS) They will be partnering with U.S. Customs and Border Protection (CBP), and seven other … [Read more...]
West Coast Port 2014 Contract Talks to Begin May 12th
West Coast Port 2014 Contract Talks to Begin May 12th The president of the PMA (Pacific Maritime Association) said that the U.S. West Coast employers’ organization will begin contract negotiations with the International Longshore and Warehouse Union on May 12th. Retailers and the Agriculture Transportation Coalition wanted negotiations to start as soon as possible so that … [Read more...]
Export Basics: Sell To Your Market
Export Basics: Sell To Your Market - this #6 in the series Now that you have determined your market(s), it is time to assess pricing, promotion and distribution to the customers in your target market(s). For government assistance to find buyers, there are several programs available - Qualified Buyers Pricing Considerations: Foreign market … [Read more...]
New FTR for Exports: 180-day Grace Period for Compliance
New FTR for Exports: 180-day Grace Period for Compliance The Census Bureau announced that it is giving six months grace period to come into compliance with the revised Foreign Trade Regulations that took effect April 5. Both Census and U.S. Customs and Border Protection have agreed to a 180-day 'informed' compliance period that will allow further education on the new … [Read more...]