Preface
Global Supply Chain Management is a growing and highly complicated aspect of all corporations that operate in the international arena. Information flow, skill set development, and expansive resource development are all critical elements of successful import and export operations, which are highlighted in the third edition of this book.
Mastering Import & Export Management is a timely publication as companies scramble to maintain open import and export supply chains with an ever-increasing level of government scrutiny and compliance and security changes.
Corporate America is redeploying its personnel, resources, and infrastructure to manage supply chains that have greater foreign purchases and expanding global markets.
Executives engaged in importing and exporting are being tested daily with challenges requiring new and enhanced skill sets. These new challenges include cost-effective logistics; better inventory management; more skilled vendor services; compliance and security management; and a changing political, economic, and regulatory climate in a global environment.
Additionally, there is pressure from stockholders and senior management to continually reduce risk and spend in their global supply chain.
Corporations are recognizing that to be competitive in world trade, a company must reduce its cost of logistics. This book provides information on how to lower costs in shipping, inventory management, import/export order processing, and manpower and how to avoid fines and penalties.
This book outlines all of the historical legacy issues of world trade and interfaces the new world order, post 9/11.
Today’s supply chain managers must confront the movement of goods and services in a manner that is timely, safe, and cost effective. But that alone is not enough. They must incorporate import/export supply chain strategies that include post-9/11 compliance and security regulations that are both new and evolving. This means that corporate America must initiate a vigil to keep current and be flexible enough to implement revisions.
The bankruptcy on August 31, 2016 of the major ocean carrier Hanjin sent huge negative ripples through all of the supply chains of the world, the impact of which will be noticed for many years.
Managing this event to minimize unfavorable consequences is covered in this edition. The business world has become excited about the initial initiatives put forth by the Trump Administration extolling a strong leadership in moving the economy of the USA forward, which will always benefit all countries engaged in global trade.
A key trait of successful global supply chains will be the ability to modify and change import/export logistics, communications, suppliers, vendors, and all interface parties.
The book makes an excellent argument that developing resources, managing change, and affecting short-term supply chain strategies is an integral foundation for importers and exporters.
While some concepts and methodologies of the past have validity, the truly successful and competitive company engaged in imports and exports will in tandem bring a whole new skill set to the “deal” that will have safe, secure, and compliant supply lines in its global makeup.
Mastering Import & Export Management is a compendium for serious import and export supply chain managers to develop internal standard operating procedures to ensure that their global supply chains stay open, operate cost effectively, and adhere to all of the old and new regulations facing importers and exporters.
Global trade requires numerous skill sets of corporate executives in managing their import/export supply chains. This book provides the “ultimate guide” to managing these skill sets, developing tactical resources, and planning execution strategies to conquer all of the obstacles.