Week of October 16th, 2023
Linking supply chain news with dangerous goods compliance
As companies look to expand – whether domestically or internationally – there is a wide range of factors to consider, including the supply chain challenges.
Let’s examine some recent industry news.
SUPPLY CHAIN NEWS
- Innovative Supply Chain Strategies for Navigating International Expansion: Venturing into international markets demands an understanding of the cultural intricacies, regulatory landscapes, and labyrinthine networks of supply chains that weave across continents.
- All Roads in Retail Lead Here: 10 International Brands with U.S. Expansion Plans: The number of international retailers looking to expand in the U.S. is growing at a fast pace. Here’s a look at 10 imports.
- 6 Obstacles of Expanding Your Company Internationally — and How to Overcome Them: Explore the intricate journey of international expansion for startups, from cultural adaptations to legal complexities, with real-life examples illuminating the path to global success.
- Global Market Entry Strategies for International Expansion: Entrepreneur David Farca discusses market entry strategies, such as exporting, joint ventures and franchising, to help businesses efficiently expand beyond US borders.
- Fisker’s Expansion into China Starts in December with First Store: Automotive company Fisker plans to open its first Fisker Lounge in Shanghai, China, as part of its strategy to enter the world’s largest electric vehicle market.
- Tips for Global Expansion Success: Lime CEO Wayne Ting shares his insights and strategies for companies venturing into global markets, drawing from Lime’s own journey of international expansion.
OUR PERSPECTIVE
- International expansion brings compliance obstacles. The rise of commerce, growth of specific markets and other factors have prompted many organizations to expand their operations globally. This move brings with it the need to ship goods to, from and through a new group of countries, meaning new regulations, supply chain partners, employees and more. Understand the compliance requirements for shipping dangerous goods and invest in the necessary technology, training, packaging and regulatory materials to ensure safe and compliant shipping across the globe.
- Don’t assume regulations are the same. Shipping regulations differ between countries which can create significant supply chain challenges. Ensuring that hazmat shipments are fully compliant requires that both the item being shipped and what those items are shipped with (e.g., data logger containing a lithium battery, dry ice, etc.) comply with regulations of both the origin and destination countries. Stay informed of regulatory changes and effectively communicate relevant information within your organization and with supply chain partners.
- Automate your global supply chain. Establishing repeatable and reliable processes across the global supply chain can be significantly enhanced through automation. DG shipping software can help validate orders against the latest regulations no matter where they originate. These platforms can integrate directly into other operations and systems and help establish repeatable and reliable processes across all locations and supply chain partners.
Have questions about dangerous goods transport? Call the Labelmaster Regulatory Hotline at 1.800.621.5808.
To learn more about dangerous goods software or how to establish a safer, more compliant supply chain, visit https://www.labelmaster.com.
