DuPont, Future Electronics and J.C. Penney Use Software to Prove They're Entitled to Duty Drawbacks
By Malcolm Wheatley
So Solectron made a deal with logistics software specialist Arzoon of San Mateo, Calif., leveraged by Arzoon’s acquisition of a much smaller trade compliance vendor. Through a combination of integration and coding from scratch, says Molzon, Solectron finally got its needs met.
The moral? IT and international trade are coming together faster than anyone would have believed possible a few years ago. Budgets are strained, but the penalties for failing to develop efficiencies in all trade areas are so large that they will put late adopting companies out of the game altogether.
The challenge of global trade is a nettle that must be grasped.
But those duty drawback checks could ease the pain.
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