Global Trade Minutes Video Series Part 3: Duties vs. Tariffs
While often used interchangeably, duties and tariffs are not the same. Take a minute to learn the difference -- it will help you identify cost savings opportunities within your supply chain!
Global trade management can be complex…and so can the terminology! We created a series of short videos to help you understand the basics.
Last week we introduced the second video in the series, which focused on landed cost. This week we will focus on duties and tariffs.
In the third video of the series, we explain the difference between a duty and a tariff. Although the two words are often used interchangeably, they are quite different. Take a minute to learn more– watch this short video!
Minimizing duties is one of the fastest and easiest ways to squeeze significant financial returns out of your global supply chain. Download our Duty Management brochure to learn more.
Be sure to check back next week for part four of this series, which will focus on incoterms.
Article Topics
Amber Road News & Resources
Logistics Platforms: Ways Companies Can Win In the Digital Era Ethical Sourcing – The Business Imperative (and Advantage) How Rules of Origin Really Do Make a Difference for Sourcing Practices E2open’s acquisition of Amber Road is a done deal E2open Completes Acquisition of Amber Road Bridging the Data Gap Between Sourcing and Logistics Medical Technologies Company Remedies Complex Compliance Operations More Amber RoadLatest in Supply Chain
Ask an Expert: How Shippers Can Prep for Hurricane Season Apple Accused of Multiple Human Rights Violations South Korea Finally Overtakes China in Goods Exported to U.S. UPS Struggles in First Quarter With Steep Earnings Decline How Supply Chains Are Solving Severe Workplace Shortages SAP Unveils New AI-Driven Supply Chain Innovations How Much Extra Will Consumers Pay for Sustainable Packaging? More Supply Chain
