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In an increasingly interconnected global economy, businesses face mounting challenges due to recent U.S. moves to raise import tariffs on goods from various countries. These changes in trade tariffs significantly affect supply chains, operational...
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Global trade compliance underwent massive changes in 2024, driven by increased enforcement actions, evolving regulations, and a complex geopolitical landscape. A few leading agencies playing key roles in shaping global trade compliance include: EU...
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Solutions
The Department of the Treasury’s Office of Foreign Assets Control (OFAC), the agency responsible for enforcing U.S. sanctions, has introduced an interim rule to extend the recordkeeping requirements of relevant transactions to align with the new 10...
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For the first time in four months, U.S. container imports dipped below 2.4 million twenty-foot equivalent units (TEU)—a threshold that has historically strained U.S. maritime logistics. At 2,368,758 TEUs, November 2024 volumes were down 5% from...
Solutions
Mergers and acquisitions (M&A) play a crucial role in business growth and market expansion. However, the integration of another company’s operations brings complex export compliance risks. M&As can expose organizations to unexpected liabilities...
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ATLANTA, Georgia, November 11, 2024 -- Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its November Global Shipping Report for logistics and supply chain professionals. The report shows that...
Solutions
Navigating the complexities of global trade requires more than just understanding market dynamics—compliance with export regulations is essential. Obtaining an export license is a critical component of this compliance, serving as formal authorization...
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Confused by export license regulations? Download our white paper for practical, step-by-step strategies to ensure export readiness and compliance across the U.S., EU, MEA, and APAC regions. Learn how to navigate international trade challenges, avoid...
Solutions
ATLANTA, Georgia, October 8, 2024 -- Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its October Global Shipping Report for logistics and supply chain professionals. The report shows that...
Solutions
In July, August and now September, U.S. container import volumes surpassed the 2.4 million twenty-foot equivalent units (TEU) threshold that has historically strained U.S. maritime logistics. In September 2024, U.S. container imports totaled 2,520...
Solutions
In the rapidly evolving landscape of global trade, businesses face increasing difficulty in complying with export controls and obtaining the necessary export licenses and permits. Ensuring compliance with these export regulations is not just a legal...
Sony reduced operational expenses by automating product classification processes. It also boosted efficiency by data consistency, accuracy, and workflow continuity.
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Solutions
Enhancing Trade Compliance Operations with Descartes Visual Compliance™
Solutions
ATLANTA, Georgia, September 10, 2024 -- Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its September Global Shipping Report for logistics and supply chain professionals. The report shows...
Solutions
ConstructConnect replaced its denied party screening solution with Descartes Visual Compliance™ to simplify its sanctioned party due diligence process.
Solutions
In today's interconnected world, the risks associated with third-party relationships have become increasingly complex and pervasive. The recent escalation of sanctions on Russian entities, particularly the OFAC sanctions imposed on a Moscow-based...
Export license management is a crucial aspect of international trade that demands precision, timeliness, and a thorough understanding of complex export regulations. Yet, despite the importance of accuracy in this process, many companies continue to...
Descartes Releases August Global Shipping Report: July U.S. Container Import Volumes Break 2.5M TEUs
ATLANTA, Georgia, August 7, 2024 – Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released its August Global Shipping Report for logistics and supply chain professionals. The...
Solutions
The robust growth of U.S. container import volumes in 2024 continued, with July reaching the third highest monthly volume on record. July’s volume of 2,556,180 twenty-foot equivalent units (TEUs) was eclipsed by the first- and second-highest volumes...
Solutions
Global sanctions screening or denied party screening is a compliance process that checks whether an entity is listed on a global sanctions list, and as such is prohibited from being engaged commercially. Despite its necessity in securing business...
Solutions
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