Simply Trade

Simply Trade [Events}: Securing the Global Supply Chain: Insights from the World BASC Organization

"Nobody has the resources to examine 100% of cargo. The thought of needing to do that was unrealistic, and it took time for customs and the private sector to embrace a collaborative approach."
In this episode, we sit down with Erik Moncayo, the International President of the World BASC Organization (Business Alliance for Secure Commerce), to discuss the critical role of supply chain security in international trade, importing, and exporting. BASC is a non-profit organization that works to facilitate secure and efficient trade by bridging the gap between customs agencies and the private sector.
Main Points/Takeaways:
1. The Evolution of Customs-Private Sector Collaboration- The initial resistance and "Mexican standoff" mentality between customs and companies when trying to implement trust-based programs like FAST- The gradual shift towards a collaborative approach, where customs and the private sector work together to secure the supply chain
2. Securing the Supply Chain in Latin America- BASC's role in helping Latin American customs agencies build their AEO (Authorized Economic Operator) programs- The organization's efforts to align BASC certifications with international standards like CTPAT
3. The Importance of Facility-Level Security Audits- BASC's annual audits that require companies to conduct internal assessments of their security processes- The analogy of "running a tight ship" to prevent and quickly identify supply chain disruptions
4. The Growing Prominence of Supply Chain Security in Academia- The emergence of dedicated supply chain security degree programs at universities- BASC's efforts to engage with academic institutions at their upcoming global conference
By fostering collaboration between customs agencies, the private sector, and academic institutions, the World BASC Organization plays a crucial role in strengthening the security and efficiency of global supply chains. This episode provides valuable insights for anyone involved in international trade, importing, or exporting, highlighting the importance of proactive security measures and the benefits of public-private partnerships.
Enjoy the show!
Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here:https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ 
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod 
Erik Moncayo - https://www.linkedin.com/in/erikmoncayo1/ 
World BASC Organization and event registration - https://www.wbasco.org/en 
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Simply Trade [News]: Sanctions, Outages, and Metal Surpluses

In the dynamic world of international trade, staying ahead of the curve is essential. Join us as we unpack the latest developments that are shaping the industry, from shifts in US sanctions enforcement to the operational challenges faced by major ports and the evolving global metal market.In this episode of the Simply Trade News Roundup, our expert hosts Annik, Lalo, and Andy delve into a range of topics that are crucial for trade professionals to understand. From the appointment of a new acting Under Secretary for Terrorism and Financial Intelligence at the US Treasury Department to the power outage challenges at the Port of Los Angeles, and the implications of China's diminishing demand for metals, this episode covers a diverse array of issues that can impact global trade, importing, and exporting.
Main Points and Takeaways:
1. US Treasury Department's New Leadership:- Brad Smith has been named the acting Under Secretary for Terrorism and Financial Intelligence, responsible for overseeing sanctions and foreign relations.- Experts believe this appointment will provide much-needed direction and leadership in the enforcement of sanctions, which is crucial for US foreign policy.- Lalo expects consistent enforcement of sanctions under the new leadership, while Andy predicts a crackdown on non-compliance within the next 30-60 days.
2. Power Outages at the Port of Los Angeles:- The Port of Los Angeles has experienced nine power outages in 2022 alone, causing significant disruptions to operations.- The reliance on overhead power lines and infrastructure challenges have raised concerns about the operational efficiency and reliability of the port.- Annik expresses concern about the impact on trade and logistics, while Andy argues that California's energy policies, such as the mandates for electric vehicles and equipment, are straining the electrical grid.- Lalo highlights that the neighboring Port of Long Beach, with its preparedness measures and backup power, has experienced fewer interruptions.
3. China's Diminishing Demand for Metals:- China's overproduction of rare earth minerals has led to a supply surplus, influencing global prices and market sentiment.- While this trend poses challenges for US buyers, it also presents opportunities for more environmentally-friendly mining practices.- Lalo wonders if this surplus could impact the tariffs on steel and aluminum imports to the US, while Andy suggests that the shift away from China in global supply chains is a contributing factor.
This episode of the Simply Trade News Roundup provides valuable insights into the evolving landscape of international trade. By staying informed on these critical developments, trade professionals can better navigate the complexities of global trade and identify potential opportunities or risks. Whether you're involved in importing, exporting, or any aspect of the international trade ecosystem, this episode offers a comprehensive overview of the factors shaping the industry, empowering you to make more informed decisions and stay ahead of the curve.
Enjoy the show!Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here:https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ 
Find us on YouTube: https://www.youtube.com/@SimplyTradePod 
Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/
Guest Host: Renee Chiuchiarelli: https://www.linkedin.com/in/renee-chiuchiarelli-8964a19/ 
Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Mastering Supply Chain Traceability: Strategies for Forced Labor Compliance with Eric Hargraves

"If you're an importer of record in the United States, you have to demonstrate reasonable care for the products that you're bringing into this country. And this is no different. This falls under that requirement." - Eric Hargraves, from Elliott DavisIn this episode, we dive deep into the challenges and strategies for demonstrating "reasonable care" when importing products into the United States. Our guest, Eric Hargraves, a partner at the consulting firm Elliott Davis, provides invaluable insights on navigating the complex web of supply chain tracing and forced labor compliance.
Main Points/Takeaways:- The complexity of supply chain tracing and compliance with the Uyghur Forced Labor Prevention Act (UFLPA): Tracing every entity and employee in a global supply chain is an immense challenge, requiring a strategic, risk-based approach.- The history and evolution of supply chain tracing and forced labor laws in the US: The UFLPA is based on the Tariff Act of 1930, which prohibited imports of goods produced with forced labor, but the level of scrutiny has increased significantly in recent years.- The importance of a risk-based approach and utilizing available resources for UFLPA compliance: Focusing on high-risk sectors and leveraging government resources, such as strategy updates and operational guidance, is crucial for importers.- The challenges of country of origin claims and commingling of materials in global supply chains: Tracing the origin of materials like cotton can be extremely complex due to the global nature of production and potential for co-mingling.- The need for a multi-disciplinary approach and leveraging technology to address supply chain compliance: Building a cross-functional team and utilizing supply chain mapping software are essential for maintaining a "bulletproof" traceability program.
This episode provides a comprehensive guide for international trade, importing, and exporting professionals on navigating the complexities of supply chain tracing and forced labor compliance. By understanding the strategies and insights shared by Eric Hargraves, you can better protect your business from the legal and reputational risks associated with forced labor in your supply chain.
Enjoy the show!
Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here:https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ 
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod 
Eric Hargraves - https://www.linkedin.com/in/eric-hargraves-98a4572/  
 
Elliott Davis - http://www.elliottdavis.com/ 
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Simply Trade [Events]: Elevate Your Global Trade with Foreign Trade Zones at NAFTZ Annual Conference

Discover the secrets to maximizing the benefits of Foreign Trade Zones (FTZs) for your international trade, importing, and exporting operations. In this episode, we go behind the scenes of the premier FTZ event - the NAFTZ conference in New Orleans.Foreign Trade Zones are a powerful tool for businesses engaged in global trade, offering a range of benefits from duty deferment to streamlined logistics. But navigating the FTZ landscape can be complex, which is why the annual NAFTZ conference is a must-attend event for trade and logistics professionals.
Main Topics and Takeaways:- Welcoming community and networking opportunities: Hear from NAFTZ President Jeff Tafel on the inclusive, collaborative culture of the organization, where members are eager to connect and share knowledge.- Advocacy and regulatory insights: NAFTZ Chair Shannon Fura discusses the organization's robust legislative agenda, keeping members informed on the latest trade regulations and hot-button issues.- Mentorship and cross-industry learning: Industry veteran Trey Boring highlights the value of the NAFTZ mentorship program, allowing attendees to learn from experienced FTZ operators across diverse industries.- Economic development opportunities: The conference provides a unique platform for local officials and economic development groups to understand how FTZs can drive growth and job creation in their communities.
Key Insights:- "The welcoming nature of our members is absolutely terrific. You have the opportunity to talk with all of these different folks, and guess what? They want to talk to you too, even if they haven't met you before. It's just a very welcoming and inclusive group." - Jeff Tafel, NAFTZ President- "Our membership spans virtually every industry you can. Gov. So we have everyone from a Foreign Trade Zone administrator all the way up to a C suite that attends the conferences." - Shannon Fura, NAFTZ Chair
Whether you're new to the world of Foreign Trade Zones or a seasoned pro, this episode is a must-listen to unlock the full potential of FTZs for your international trade, importing, and exporting operations. Don't miss out on the insights and networking opportunities available at the upcoming NAFTZ conference in New Orleans.
 
Enjoy the show!
Attend the NAFTZ Annual Conference in New Orleans (September 8 - 11, 2024).  More info:  https://www.naftz.org/ 
Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here:https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ 
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod 
Shannon Fura - https://www.linkedin.com/in/shannon-fura-895a92a 
Jeff Tafel - https://www.linkedin.com/in/jeffrey-j-tafel-cae 
Trey Boring - https://www.linkedin.com/in/trey-boring-83157b6/ 
PageFura - http://pagefura.com/ 
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Simply Trade [News]: Exploring the Complexities of Digital Trade and US-China Relations

In this episode, hosts Annik, Lalo, and Andy discuss the latest developments in global digital commerce, US-China trade relations, and the impact of Russia's move to allow foreign banks to operate within its borders. They also touch on the impressive performances of Olympic athletes, particularly the US Women's Sevens rugby team.
Main Points/Takeaways:- The US has not backed a new global agreement on digital commerce regulations, despite 80 nations successfully negotiating the deal. Experts express concerns about potential taxation of digital trade and the impact on smaller companies.- The US has delayed the implementation of new tariffs on Chinese imports by at least two weeks, with significant implications for global trade dynamics. Guests discuss the potential impact on companies and the ongoing tensions between the US and China.- Russia is introducing legislation to allow foreign banks to open branches within the country, as it seeks to facilitate cross-border settlements and circumvent the impact of sanctions. Guests analyze the potential implications and the role of bartering in Russia's trade relationships.- The hosts share a fascinating fact about the world's largest cargo ships, which are capable of transporting the Eiffel Tower, highlighting the massive scale of modern logistics.
This episode of the Simply Trade podcast provides valuable insights into the ever-evolving landscape of international trade, equipping listeners with the knowledge to navigate the complexities of global commerce. Whether you're an importer, exporter, or simply interested in the dynamics of the global economy, this episode is a must-listen.
Enjoy the show!Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here:https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ 
Find us on YouTube: https://www.youtube.com/@SimplyTradePod 
Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/
Guest Host: Renee Chiuchiarelli: https://www.linkedin.com/in/renee-chiuchiarelli-8964a19/ 
Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Fortifying the Future - How DHS is Building Supply Chain Resiliency

Brace yourselves - supply chain disruptions are on the horizon. In this episode, get an insider's look at how the Department of Homeland Security is working to predict and mitigate unprecedented risks to global trade and logistics.
The COVID-19 pandemic exposed the vulnerabilities of our interconnected supply chains, leading to widespread shortages, delays, and economic turmoil. In response, the Department of Homeland Security has established a new Supply Chain Resiliency Center to take a proactive approach to strengthening supply chain resilience.
Main Points/Takeaways:- Assistant Secretary Christa Brzozowski shares insights on the center's mission to enhance supply chain predictability and integration through data analysis, AI, and cross-agency collaboration.- The center aims to pull data and expertise from across DHS components and the interagency to provide policymakers with the information they need to make informed decisions and implement effective mitigation strategies.- Key focus areas include addressing emerging threats like forced labor, foreign investment risks, and the potential for converging disruptions (e.g. cyber attacks, natural disasters, health emergencies).- Christa emphasizes the importance of fostering public-private partnerships, inviting ideas and input from the trade community to help strengthen America's economic security.- "We're really at an inflection point, you know, a time where we've got significant change is occurring, and that change is bringing unprecedented, you know, opportunities, but but frankly, some unprecedented risks and threats."
This episode offers a unique glimpse into the future of supply chain resilience, highlighting the Department of Homeland Security's proactive approach to identifying and addressing critical vulnerabilities. Whether you're an importer, exporter, or logistics professional, the insights shared in this discussion can help you better prepare your business for the challenges and opportunities that lie ahead.
Enjoy the show!
Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here:https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ 
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod 
DHS Assistant Secretary Christa Brzozowski
Contact the DHS Supply Chain Resilience Center (SCRC) - DHSSCRC@hq.dhs.gov
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Simply Trade [News]: 28 Million Victims and $236 Billion in Profits--Tackling the Forced Labor Crisis

Forced labor is a growing issue in global trade, with 28 million people affected and $236 billion in profits made annually. Are you aware of the risks in your supply chain?
In this episode of the Simply Trade podcast, host Annik sits down with Renee Chuichiarelli, an expert on forced labor compliance, to dive deep into this critical topic. They discuss the alarming statistics, personal stories, and regulatory changes that every international trade professional needs to know.
Main Points/Takeaways:- Forced labor is defined as work extracted under threat of penalty without voluntary consent. It's a widespread problem, with migrant workers being 3 times more likely to be affected.- Renee shares shocking personal stories of forced labor victims, highlighting the lack of awareness and generational acceptance of these practices in some communities.- Regulatory bodies like the ILO and US Department of Labor are ramping up enforcement, with the Uyghur Forced Labor Act expanding to cover more entities and high-risk sectors like solar panels and automotive parts.- As an importer, you need to be aware of the Entity List, high-risk sectors, customs guidance, and detention processes to ensure compliance. Educating your team, auditing your supply chain, and leveraging technology are key steps.- GTC is offering a specialized forced labor compliance course, taught by Renee and experts with firsthand experience, to provide a comprehensive, hands-on approach to this critical issue.
Forced labor is a complex, evolving challenge that requires vigilance and action from all international trade professionals. This episode provides valuable insights and resources to help you navigate the risks and protect your business.
Enjoy the show!Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here:https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ 
Find us on YouTube: https://www.youtube.com/@SimplyTradePod 
Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/
Guest Host: Renee Chiuchiarelli: https://www.linkedin.com/in/renee-chiuchiarelli-8964a19/ 
Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

De Minimis Woes: Cindy Allen on the Challenges of Cross-Border Trade

Navigating the Customs Clearance Challenges of the E-Commerce Era
"CBP's limitations in staffing and facilities have resulted in a reimbursable program that is understaffed and unable to keep up with the volume of cargo." - Cindy Allen
The rise of direct-to-consumer e-commerce has upended traditional trade flows, leaving customs authorities struggling to adapt. In this episode, industry experts Cindy Allen and Andy dive deep into the history and challenges of de minimis regulations, the strain on customs resources, and the need for new solutions to modernize global trade.
Main Points/Takeaways:- Customs was not happy with the structure of direct-to-consumer sales, where big box retailers were still the importers but the sale was not listed until the goods arrived in the US.- Customs officers were overwhelmed by the volume of individual shipments, leading to backlogs and delays as they tried to manually process thousands of entries.- Collaboration between industry and government was key to streamlining the customs clearance process, such as the development of the Type 86 entry for express carriers.- Cindy Allen provides insights on how the evolution of e-commerce and customs regulations have impacted the logistics industry.- Andy shares his perspective on the need for customs to provide reimbursables and require private sector facilities to handle the surge in package-level freight.
Wrap-up: This conversation is essential listening for anyone invested in the future of international trade, importing, and exporting. Cindy and Andy offer an insider's perspective on the complex challenges facing customs authorities and logistics providers, and the innovative solutions needed to adapt to the e-commerce era.
Enjoy the show!
Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here:https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ 
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod 
Cindy Allen - https://www.linkedin.com/in/cindy-allen-a3188210/
Trade Force Multiplier - https://tradeforcemultiplier.com/ 
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.
 

Simply Trade [News]: Shipping Rates Soar, Solar Panels Made in the USA, and Sanctions

In this episode of the Simply Trade News, hosts Annik, Andy, and Lalo dive deep into the latest developments in the international trade landscape. From the ongoing challenges in the solar panel industry to the skyrocketing shipping rates and the tightening of Russian sanctions, this episode offers a comprehensive overview of the critical issues facing trade professionals.
Main Points/Takeaways:
1. US Solar Panel Manufacturers Seek Tighter "Made in USA" Rules: US solar panel manufacturers are pushing for stricter rules governing tax credits for solar projects using domestic components. The current loophole allows developers to meet the content threshold without using American-made solar panels, which raises concerns about the use of forced labor in China's solar industry.
2. Soaring Shipping Rates from China to the US: Container shipping rates from Shanghai to US destinations are reaching almost $10,000 per standard 40-foot container, with industry experts predicting a potential rise to $20,000 per container in the future. This trend is driving importers and industry experts to explore alternative sourcing options, such as near-shoring, to mitigate the impact on their supply chains.
3. Switzerland's Crackdown on Russian Sanctions Violations: Switzerland has launched investigations into over 50 potential sanctions violations related to Russia's invasion of Ukraine, with 15 penalties imposed so far. This development highlights the increasing global efforts to enforce sanctions and the importance for trade professionals to stay up-to-date on compliance requirements.
This episode of the Simply Trade podcast provides valuable insights for trade professionals navigating the complex and ever-changing global trade landscape. By staying informed on the latest developments, such as the solar panel industry's push for tighter "Made in USA" rules, the skyrocketing shipping rates, and the global crackdown on sanctions violations, trade professionals can better position their businesses for success in the face of these challenges.
Enjoy the show!Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here:https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ 
Find us on YouTube: https://www.youtube.com/@SimplyTradePod 
Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ 
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
Advertising and sponsoring on Simply Trade
Requests to be on the show as guest
Suggest any topics you would like to hear about
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Supply Trace's Forced Labor Solution: The Free Tool Empowering Businesses in Global Trade

From Forced Labor to Forced Transparency: How AI is Revolutionizing Supply Chain Management.
Ever feel like you're playing detective with your supply chain? Get ready for a mind-blowing chat about a tool that's changing the game! Context: In this episode, we dive into the future of global trade with Supply Trace - an innovative, open-access platform that's using AI to revolutionize supply chain transparency. Whether you're an international trade pro or just getting started, this conversation is packed with insights that can help you stay ahead of the curve.
Main Topics:
Democratizing access to supply chain data: "We're trying to democratize access to supply chain data. That's simply all it is, and it hasn't been done before." - Shawn Bhimani, Northeastern University
Simplifying supply chain mapping: "Supply chain mapping can be done in a few clicks. It just takes a lot of computing power, but they can look at their entire supply chain in one glance and see the risk by region."
Navigating forced labor risks: Supply Trace provides a "traffic light" system to quickly identify high-risk regions and suppliers, helping businesses stay compliant with regulations like the Uyghur Forced Labor Prevention Act.
Empowering businesses of all sizes: "This is for the majority of people who have just been locked out... a lot of trade people can get to their systems."
Don't miss this episode if you want to turn supply chain mapping from a headache into a competitive advantage. With Supply Trace's free, user-friendly platform, you can unlock the power of AI-driven supply chain transparency and stay ahead of the curve in international trade.
Enjoy the show!
Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here:https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ 
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
Shawn Bhimani: https://www.linkedin.com/in/shawnbhimani/  
Cindy DeLeon: https://www.linkedin.com/in/cindydeleon/ 
Global Training Center - www.GlobalTrainingCenter.com
Simply Trade Podcast - twitter.com/SimplyTradePod 
Find us on YouTube: https://www.youtube.com/@SimplyTradePod 
Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:
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Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.