Compliance Blog

Anthony Hardenburgh’s 2014 Global Trade Executive Outlook

February 12, 2014
/ Print / Reprints /
/ Text Size+

Republished from Amber Road’s Blog

As the global trade space begins to rev up for 2014, many industry leaders are looking ahead to the trends, challenges and strategies they see playing the biggest role in the year to come. In our Executive Outlook series, we asked some of Amber Road's top thought leaders about their perspective of the supply chain, compliance, and beyond, and we will post their answers every week. Our first interview is with Anthony Hardenburgh, Vice President of Global Trade Content at Amber Road.

What do you believe to be the key challenges facing your customers and their supply chains in the year ahead, and how are you working with them to meet those challenges? 

An important change I see in 2014 is the increasing awareness organizations have for the role Free Trade Agreements (FTAs) play within their global supply chains.  FTAs have been a driving force behind increased international trade during recent years.  For many of these years, FTAs were the sole concern of trade compliance specialists, but I have been seeing a shift recently with more supply chain executives focused on FTAs.  While company executives are concerned with resulting cost savings and improved sourcing decisions, challenges exists in effectively administering an FTA program.  These challenges include the collection of FTA information, maintenance of regulatory requirements and the manually intensive nature of FTA programs.  Companies that master their FTA programs directly impact supply chain performance with reduced landed costs, enhanced sourcing decisions and improved cycle times.

One client I would like to highlight is an office furniture manufacturer that ships a significant amount of goods within the North American Free Trade Agreement (NAFTA) region.  This client realized they needed a way to automate the process of qualifying goods for preferential treatment for exporting from both the US and Canada to take full advantage of the NAFTA preferential trade program. By implementing the Amber Road solution, this manufacturer automated the NAFTA qualification and ensured that the company met all export compliance regulations.  They also achieved a duty and tax savings of $1.2 million and are now capable of receiving timely updates on changes in export regulations, preferential duty requirements and denied party lists.  All of this focus on FTA programs has improved their supply chain performance by lowering total landed costs and improving sourcing decisions.

In your opinion, how can supply chain, as a function, better align with a company's broader strategy?

My experience with multinational companies highlights the continued focus companies seek to make more informed supply chain decisions for their cross-border movement of goods.  Specifically, in the case of FTAs, manufacturers must place more attention on minimizing duties, gaining a complete view of total landed costs, and reducing cycle times. 

A global corporation's engagement with current FTA regimes through proper channeling of resources, investments, production and sales can positively impact sales and improve supply chain performance.  This also requires a complete understanding of the regulatory environment governing new trade regimes and an ability to determine eligibility of an FTA through supply chain visibility and product information retention.

A company that masters these procedures either by implementation of automated trade solutions or by other means is poised to benefit from the use of such agreements and the introduction of future agreements currently under negotiation. Moreover, the companies that take full advantage of FTAs will be able to shave off landed costs, improve cycle times and transform their supply chain performance.

 As Vice President of Global Trade Content, Anthony Hardenburgh maintains the backbone of data, Global Knowledge®, that makes Amber Road’s global trade management (GTM) software the leader in the industry. Anthony has positioned himself as one of the top experts on hot topics such as regulatory controls, free trade agreements, and duty minimization, and his leadership of the industry’s most comprehensive regulatory database has advanced not only Amber Road but the entire global trade space. 

You must login or register in order to post a comment.



Image Galleries

KC SmartPort Momentum

Kansas City SmartPort Momentum 2013 focused on 3PLs, the issues facing the industry, and the role or logistics in economic development



Calculating a true landed cost for global sourcing directly correlates with the profitability of purchased goods. However, few companies can command real-time visibility in to all the costs involved for cross border movements. In this podcast, World Trade 100 and Amber Road highlight how a comprehensive global trade platform that converges both logistics and compliance costs can deliver true landed cost visibility.


Speaker: Hung Lee, Senior Product Manager, Amber Road

More Podcasts

World Trade 100 Magazine

world trade july 2014

2014 July

Check out the July 2014 edition of World Trade WT100, featuring Air Cargo, Near Shoring, plus much more!
Table Of Contents Subscribe

Supply Chain Webinars

What types of supply chain webinars do you get the most use out of?
View Results Poll Archive


World-Class Warehousing and Material Handling, 1st Edition

Filled with proven operational solutions, it will guide managers as they develop a warehouse master plan, one designed to minimize the effects of supply chain inefficiencies as it improves logistics accuracy and inventory management - and reduces overall warehousing expense.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Use our interactive maps to locate service providers across North America.Interactive Map

Logistics Development Partners 

IWLA Members