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The Fundamentals Of Product Classification

The Fundamentals of Product Classification

Determining your product’s export classification is one of the most important steps toward export compliance. Understanding the differences behind Commodity Jurisdiction determinations and Commodity Classifications is central to creating effective business processes and achieving economic growth.

Blog: Covid-19: How Can You Build A More Resilient Supply Chain During The Global Pandemic?

Blog: Covid-19: How can you build a more resilient supply chain during the global pandemic?

The ongoing coronavirus crisis has highlighted the importance of supply chains. During these tough times, companies need to be able to source and supply goods without any hindrances. However, this is proving to be a difficult task because of the major complicacies that are currently being seen in global supply chains. For example, it has become harder for companies to obtain approvals and meet compliance requirements. Despite these challenges, the ongoing pandemic presents a major opportunity to companies in the form of improving supply chains for the long run. This blog focuses on discussing the ways in which companies can build more resilient supply chains.

Blog: Increased Risks In Technical Data Exports

Blog: Increased Risks in Technical Data Exports

Exporters based in the US are governed by various rules and regulations. One such set of regulations govern sensitive information, technology and software. These three areas are earmarked as extremely important because of their role in the US foreign policy and national security. It is worth noting that such regulations are not only limited to physical goods. Instead, they also apply to non-tangible aspects of the trade such as technical data exports. This article focuses on the key risks related to technical data exports and analyzes the reasons behind the spike that has been witnessed in such risks in recent times.

Blog: What Could The New Uk-us Trade Talks Mean For Great Britain?

Blog: What Could the New UK-US Trade Talks Mean for Great Britain?

The sudden advent of the COVID-19 pandemic has meant that trade talks have been put on the back burner. Governments around the world are focusing their efforts towards relief and containment measures as they aim to minimise the impact of the coronavirus. However, this does not mean that trade talks between countries have ended. In May 2020, the UK and the US announced that they are commencing high-level talks related to a potential trade deal. This blog focuses on the new UK-US trade talks and discusses what these talks could mean for Great Britain.

Blog: How Ocr Assists With End-to-end Export Workflows

Blog: How OCR Assists with End-to-End Export Workflows

The export of products is a multi-dimensional process that needs you to complete a series of steps. These steps include the negotiation of a contract, arranging for the documents, and meeting the compliance requirements. In addition to this, the export process also includes steps such as customs clearances, tariff payments, deliveries and checks. The entire process is a complex and time-consuming affair. In order to streamline this process, traders may look to seek the help of export specialists such as OCR. This article focuses on end-to-end export workflows and discusses how OCR could help you in streamlining them.