February 01, 2024

Forget Conventional Sourcing and Leverage Data for Supply Chain Domination - with Flexport

1 hour 4 minutes

This episode of the Simply Trade Podcast features a discussion with multiple guests from Flexport on the importance of managing supply chain data to navigate challenges in international trade like duty drawbacks, changing sourcing strategies, and geopolitical disruptions.

Main Points

- Duty drawback programs can provide significant refund opportunities for companies through better data tracking of imports, exports, and inventory movements.

- Consulting services like Flexport's go beyond logistics to help clients identify new sourcing options and compliance strategies using structured supply chain data.

- Collaborating across departments on data management streamlines the supply chain and enables more effective compliance.

- Recent conflicts in the Middle East have increased shipping costs and lead times, prompting companies to reevaluate sourcing regions.

- Tools for analyzing and visualizing import/export data empower companies to make strategic supply chain decisions.

Key Takeaways

- How geopolitical events impact international trade routes

- Best practices for holistic sourcing evaluations

- Leveraging supply chain data for competitive advantage

- Optimizing inventory and cash flows through drawback programs

- Collaboration techniques for improved compliance

Find on on YouTube: https://www.youtube.com/@SimplyTradePod

Enjoy the show!

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

Tom Gould - https://www.linkedin.com/in/tomgouldcustoms/

Bernie Hart - https://www.linkedin.com/in/berniehart/

Tim Vorderstrasse - https://www.linkedin.com/in/timvorderstrasse/

Jenn Park - https://www.linkedin.com/in/jennifer-park-44065a5b/

Flexport - https://www.flexport.com/

Contact [email protected] 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.

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By Global Training Center

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