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Develop Trade Strategy

With the growth in international trade estimated to reach $70 trillion by 2025, increasingly complex security regulations combined with the drive for lowest cost of supply means that global trade management is now a strategic initiative for many companies.  Moreover, as customer demands grow, today’s supply chains need to be more flexible, agile and responsive than ever. 

Planning and forecasting used to be the preserve of the finance director on a quarterly or annual exercise to tweak one or two areas.  No longer.  To survive and compete effectively in a constantly changing economic landscape, companies need to be able to absorb wholesale change throughout their financial and physical supply chain on a monthly, weekly, or even daily basis.

How can I develop a coherent global trade strategy?

The solution is to have access to up-to-date, accurate and complete information about your business, the markets you currently operate in, as well as the ability to answer questions such as:

  • Which is the best country to source from based on total landed cost?
  • Are there any import or export restrictions that may impact my decision?
  • How can I compare the cost of shipping to different destinations?
  • If I change supply base, am I still competitive?

Scenario-based modeling tools offer an intuitive, user-friendly method of evaluating alternative sourcing or distribution strategies to improve the design of global supply chains.  Look for solutions that integrate all applicable taxes, duties, customs charges and import and export controls to ensure your global trading decisions are based on well-informed, up-to-date information.

For Importers

Trade Planner Import supports strategic sourcing by providing graphical comparisons of alternative scenarios based on total landed cost and export and import controls, from multiple origins to one destination.  In addition, users can assess the impact of embargoes, prohibitions, license requirements, as well as product specific barriers to importing such as anti-dumping duties, quotas and visa restrictions.

Flash Demonstration   Global Knowledge®    More Information

For Exporters

Trade Planner Export facilitates global distribution planning, by providing graphical comparisons of international shipping options based on landed cost and export and import regulations, from one origin to multiple destinations. Trade Planner fully automates the product classification process, by determining the Harmonised Schedules (HS) for over 118 countries and referencing Export Control Numbers (ECN) for any global transaction. In addition, the system identifies embargoes, prohibitions, license requirements, as well as product specific barriers to exporting.

Flash Demonstration    Global Knowledge®    More Information