Challenge: A fragrance and flavor company wanted to create a foreign trade zone (FTZ) in which it could perform both manufacturing and distribution functions. Due to its many product formulations — and ingredients coming from the U.S. and around the world — tracking inventory was complex. Some incoming ingredients also skipped manufacturing and were sold raw.
Cheeses from France, Italy and the Netherlands, wines, Scotch whisky and Greek canned peaches are just some of the European exports whose prices are set to rise in the U.S. after the Trump administration announced new tariffs on billions of dollars of EU products starting Oct. 18.
Challenge: Since February 2018, the cost of duties for U.S.-China operations has substantially grown. There are now $550 billion in tariffs applied exclusively to Chinese imports, while China has imposed $185 billion on U.S. goods.
Thursday, July 18, 2019 12:00 to Friday, October 18, 2019 12:00
Today's supply chains are becoming increasingly complex in this global world. It can be hard to have full visibility into your supply chain and truly know who you are doing business with.
Supply chain risk isn't just about the ability of the supplier to fulfill their obligations to your organization. Today, there is a need to think about important topics like modern slavery and environmental, social and governance (ESG).
Having a compliant supply chain can mean avoiding disruptions to your business, managing costs and protecting your brand.
Join us for this free webinar to learn:
Key steps to having a compliant supply chain
How data ties to a compliant supply chain
What impact does ESG have on a compliant supply chain