Yusen, We Have a Problem!: In The News Round-up
Mark Kopp, Yusen Logistics (Americas) Inc.
Finally a Good Cigar…
On October 14th the Department of the Treasury's Office of Foreign Assets Control (OFAC) and the Commerce Department's Bureau of Industry and Security (BIS) amended their Cuban Assets Control Regulations and Export Administration Regulations.
Ask a 3PL Expert: E-Commerce Inventory
Scott Weiss, Port Logistics Group
Q. E-commerce is really growing for us, but still only represents 10% of our total sales. We also have fifteen of our own retail stores that represent 20% of our sales. So 70% of our sales is to our wholesale customers. Right now we have three separate inventories at our 3PL warehouse. Should we maintain all of our product in one physical inventory at the warehouse or should we continue to separate our product and maintain three physical inventories within our warehouse?
Read the answer...
RVCF Launches New Social Networking Platform
RVCF exists to help retail industry trading partners and peers build stronger relationships. The goal is to continually grow a tightly knit, collaborative community and we believe social media can be a valuable tool in helping us achieve that goal. That's why we're so excited to announce the launch of SocialLink, our new social networking platform.
Warning: Approaching Storms
by Joseph Tillman, TSquared Logistics LLC; Karl Manrodt, Ph.D., Georgia College & State University; Donnie Williams, Ph.D., Georgia College & State University
August 28, 1900. The deadliest hurricane to hit the United States meets its first victim – a ship in the Atlantic reporting strong winds and choppy seas from a possible tropical depression. Early morning on September 8th, there were little signs of the approaching storm – the temperature was right, winds were calm and the skies were bright blue and clear. But by late afternoon the storm, with winds well over 125 mph, a hurricane plowed through Galveston, Texas. Most of the citizens of Galveston had little or no warning.1
5 Reasons Black Friday is Dying
Bryan Nella, GT Nexus
Black Friday and Cyber Monday were once vital days in the retail calendar. They were linchpins to profitability for the year and set the tone for the important holiday season. However, according to analytics firm RetailNext, Black Friday sales declined 1.6% last year compared to 2014. They also declined 14.1% in 2014 compared to 2013. Store traffic has suffered as well, falling 1.8% in 2015 and 16% in 2014.1
Don't Forget: The New Export Destination Control Requirements Go into Effect on November 15th
Melissa Proctor, Polsinelli, P.C.
On November 15th, the new export Destination Control Statement requirements under the Export Administration Regulations (EAR) and the International Traffic in Arms Regulations (ITAR) will go into effect and U.S. exporters who have not done so already will quickly need to make the necessary adjustments to their invoices, shipping documents, airway waybills, other documents, and their export compliance programs.
Compliance Is an Opportunity, Not a Problem
According to a new report from Moody's, slow supply chains are making it difficult for department stores to stay competitive. Because today's customers are more inclined to prioritize value and convenience, and they have the ability to compare prices in a matter of seconds, department stores are already losing business to discount retailers and online channels. As a result, department stores are facing an 11 percent drop in aggregate operating income this year.
Join us on December 7th for a demo and tutorial on how to effectively use the RVCF Compliance Clearinghouse to cut back on errors and deductions. Whether you're a first time user or a long-time member, we'll show you how to make the most of this service and what it has to offer.
What We'll Cover
- How the Clearinghouse works
- What's available with the service
- Navigation basics
- Tips and tricks to streamline compliance change management
- Recommendations on incorporating into your cross functional teams' processes
This is for merchandise suppliers and select 3PL service providers only. Space is limited; registration will be closed once the maximum number of participants is reached. Participation is subject to approval.
Introducing the Business Payments Coalition: The Former Remittance Coalition Broadens Its Mission
Federal Reserve Bank of Minneapolis
In recent years, payment industry stakeholders in the U.S. have been collaborating to improve payments efficiency. A quest is underway to achieve the worthy goals of originating and receiving more payments electronically to reduce the average end-to-end costs of transactions and to enable innovative payment services for consumers and businesses. In the U.S., opportunities to improve payment system efficiency are especially significant in business-to-business (B2B) transactions, which include the invoice, payment and remittance detail.
ICYMI (In Case You Missed It)
Best Practices for Communicating Retailer Requirement Changes
From the Desk of Kim Zablocky: Retailers Want Collaboration. Suppliers Want Forgiveness. What Gives?
U.P.C. Reuse Is Reaching a Tipping Point
Suppliers: Is a Lack of Management Buy-In Affecting Compliance?
Retailers, It's Time to Get Off the Sidelines