GVSU's Van Andel Global Trade Center received the President's "E" Award, the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports on May 23, 2019 in Washington, D.C.
A Comparison Tool for Evaluating Global Risk.
Purchasing and procurement managers are increasingly using global
sourcing as a way to help grow their business. Global sourcing helps
to drive down cost, improve productivity with a more efficient
manufacturing process, and provide unique products or qualities that
cannot be found domestically.
Setting up and managing new international suppliers, very similar to
domestic suppliers, has many of the same elements associated with
managing foreign suppliers. Managers must ensure that the price and
qualities meet the company's expectations along with any warranty
issues that may arise.
Guidebook will be sent via e-mail after purchasing.
An international drop shipment is an export transactions in which an
U.S. manufacturer or shipper sells to an U.S. or foreign party and is
requested to ship the goods directly to a third party. The third
party may be an U.S. consignee or a foreign consignee.
An international drop shipment may take many forms, but all drop
shipments have the characteristic of three or more parties involved in
a multi-tier international transaction with a sale and a subsequent
resale to a third party.
The North American Free Trade Agreement (NAFTA) has successfully
opened up borders and promoted trade within the NAFTA region of the
United States, Canada, and Mexico. Since NAFTAs implementation
in 1993, the United States has experienced more trade growth with
Canada and Mexico than with any non-free trade countries.
Guidebook will be sent via e-mail after purchase.
A routed transaction is a special case of international shipment as
defined by the U.S. Department of Commerce and the U.S. Census Bureau.
Generally, the U.S. Seller is responsible for making the licensing
and declarations necessary for export transactions. But a routed
transaction differs from other international shipments in that the
foreign buyer takes control of both the products and the export
shipping and clearance arrangements for those products.
Van Andel Global Trade Center
50 Front Avenue SW, Suite 1054