Taking your business to an international level allows you to reach new customers, get better prices on manufacturing, and ultimately, make more money. Unfortunately, once your business goes global, you’re suddenly susceptible to risks that you might not have considered before. Your company is now under new tax laws, import and export duties, and …
The 3 Best Ways to Mitigate Risk For Your Global Business Read More »
With the increase in eCommerce and accessibility to international travel, companies continue to grow and expand overseas, finding new business partners, suppliers, and consumers worldwide. This global approach to business allows companies and consumers to save money on manufacturing and access various resources and products. As these companies start selling and shipping internationally, new …
An Introduction to License Determination and License Exception Management Read More »
While global trade organizations continually collaborate to promote international uniformity in product classification, there are several different classification systems in place that traders must recognize to ensure compliance. Beyond globally accepted classifications, each country has the latitude to tack on additional specifications for products moving across their borders. Let’s look at the types …
From fledgling startups to Fortune 500s, all proactive companies are looking for ways to save resources and streamline workflows. Finding ways to boost efficiency is especially critical for industries engaging in global trade. Managing imports and exports while ensuring compliance and clearance through customs can be overwhelming. Beyond that, there’s one crucial piece of …
Often, global trade news features two of its most prominent participants: the United States and China. The Western World continues to engage in extensive trade with Asia, resulting in an endless webwork of trade policy and even trade wars between participating nations. Still, how do other areas of the world – like Latin America …
If your organization is new to global trade, you likely have a lot on your to-do list. Before you start cutting deals, one fundamental legality to understand and implement is denied party screening. At OCR Global Trade Management, we understand that it’s easy to get overwhelmed by the international webwork of laws and regulations. …
Today’s international market is evolving faster than ever, and as the potential for economic advancement grows, so do the dangers and risks. Conducting business with the wrong people can cost you thousands of dollars in fines and jeopardize your global reputation. Fortunately, there are measures you can take to protect your business. For example, …
Whether you’re a small sole proprietorship or a Fortune 500 company, good business practices will contribute to having a successful business. In addition, forming strong business relationships with dependable clients creates a business environment built on trust and loyalty. Unfortunately, the world is filled with individuals seeking to utilize a business entity to bring …
Trading globally increases opportunities and profitability for businesses worldwide. Broadening your customer base and building relationships with international companies can take you to the next level.
Global trade is a complex opportunity that can be very profitable if done right. However, a thorough analysis of the risks is necessary before jumping into the deep end.
Since the Russian Federation began its invasion of Ukraine on February 24th, 2022, the effects of this conflict on the global economy have been a hotly debated topic among world economists. It’s challenging to predict how large of an impact a conflict like this will have on the global economy in times of war. …
How Russian Sanctions Are Affecting The World Economy Read More »
© OCR Services, Inc. 2023 | All rights reserved. Disclaimer: images and contents of the site are for communication purposes. Any copyrights and proprietary information belongs to the respective owners.