A new era in U.S.-Canada trade relations began on July 1, 2020, when the long-awaited United States-Mexico-Canada Agreement (USCMA) took effect. The USMCA replaced the 26-year old NAFTA, and essentially became the "law of the land" with regard to North American trade. Most significantly, the USMCA "modernizes" the countries' trade relationship, with new provisions for digital trade and intellectual property, along with special considerations for small-and-medium size enterprises (SMEs).
Much has already been written and speculated about the trade agreement, but for U.S. businesses looking for opportunities in the Canadian market, five observations are especially relevant. Read Five Reasons Why USMCA is Good News for U.S.-Canada Trade to learn more.
Supply Chain organizations that ship to retailers are all too familiar with penalties from Walmart, Amazon and Costco. Now the penalty pandemic is spreading to smaller retailers, carriers and 3PLs through accessorial fees. Delivery penalties these days can add up quickly to have a $100k to $10M impact on net revenue.
This game changer playbook explores best practices of how companies like Ferrero, ABInBev & Ken's Food have found ways to mitigate penalties, drive faster resolution for OTIF issues, improve customer satisfaction and turn the tables on retailers and logistics partners. Finally hold them accountable and get 1-3% of revenue back.
Three Keys to Resolving Customer Order Issues 10x Faster:
Countries and States are beginning the process of reopening but the disruptions caused by the Coronavirus pandemic are here to stay for the long term. The exceptions across supply chains, driven by both consumer behavior and operational challenges won't go away overnight. All businesses are struggling to respond to everything from stockouts to production delays to supplier issues. In this play book, we examine one best practice that leading supply chain teams are turning to as they adjust to the wide-ranging impact of the new normal for supply chain: a virtual war room.
Three Strategies to Quickly Establish Your Supply Chain Virtual War Room:
To maintain business continuity is to be in control when things get out of hand. Of course, no company has authority over the outside world, thus it cannot prevent events such as economic crises from happening. What any company can do, however, is to prepare itself for such occurrences. By automating its core business processes, optimizing the work of its employees, and protecting sensitive data effectively, the company can stay in control of its operations, making sure that it will continue to be profitable - even if the world has gone off the rails.
Fortunately, there are IT solutions that can help various professionals keep their businesses in top condition, more particularly the EDI (Electronic Data Interchange) systems, that is platforms for sending and receiving information stored in a digital form. Because of their practicality, electronic data interchange has now become a global standard – both in business and technological terms. As a consequence, it is difficult to imagine a prosperous company NOT using an EDI solution these days, especially that we, as members of the business environment, are all so interconnected.
The list of benefits resulting from putting an EDI system includes reduced operational costs, higher data accuracy, fewer IT resources needed, and easy access to historical records, and more. Due to the ongoing digital revolution, today's EDI systems are now cloud-driven. Hence they ensure even lower operating costs, no implementation process, technical support provided by the cloud vendor, and instant access from anywhere in the world.
In this E-Book, you will learn why moving your EDI system to the cloud solves many issues that are the cause of various business inefficiencies, as well as how a company should approach such a procedure.
The shock-resistant, resilient supply chain — demand management enables supply chain and financial resilience.
“Black swan” events highlight the need to transform traditional supply chain methods. Supply chain leaders are particularly under pressure to collaborate across the organization to build an agile and shock-resistant supply chain. Fortunately, supply chain leaders can look to new technologies that dramatically improve visibility across the end-to-end supply chain and drive decision-making to the edges of the enterprise.
In this white paper, you’ll receive insights into:
How command centers enable active demand management and prescriptive decision-making
The benefits of technology underpinning shock-resistant supply chains
How to orchestrate business performance by breaking down silos and providing fast access to meaningful data
Discover all the benefits to modernizing your outdated invoicing procedures.
Although the United States is one of the most competitive markets in the world, U.S. companies are trailing behind other countries in the implementation of a software that streamlines the AP/AR process and makes exchanging invoices more efficient and cost effective. In a time when it is important to reduce unnecessary expenditures and become a leaner, more efficient organization, automating the invoicing process is a simple way to decrease costs.
In this white paper, we analyze the benefits associated with the implementation of electronic invoicing. We also examine the progress the United States is making in the standardization of e-Invoicing compared to the rest of the world and how this affects companies that want to implement e-Invoicing infrastructure.
Get answers to your e-Invoicing questions:
What is the difference between e-Invoicing and traditional invoicing?
What are the benefits of automating your invoicing procedures?
What is e-Invoice standardization?
What is the state of e-Invoicing implementation around the world?
For businesses that ship large volumes of parcels or documents, the mail center has been a vital hub for managing communication and cost. In the era of COVID-19, businesses are turning to enterprise-class multi-carrier management systems as a way to address these five ship-from-home challenges.