International Trade Resources Podcast Kimberly Kirkendall

Today on the International Trade Resources Podcast, our host Kim Kirkendall is joined by Gabriel Santos, a foreign trade leader with Polarium in Guadalajara, to discuss the application of Lean Six Sigma principles in the field of international trade.
To begin, Gabriel discusses the reasons for pursuing Lean Six Sigma certification, emphasizing the need for continuous improvement in the field of international trade. Gabriel goes on to identify some of the key areas, such as customs clearance processes and internal team development, that can benefit from Lean Six Sigma methodologies.
Next we examine specific methodologies, such as Gemba analysis, for identifying process gaps in customs clearance to illustrate how Lean Six Sigma can be applied in international trade.  Kim talks about how procedures and forms are too often seen as cumbersome, but are best used to drive behavior. 
Lastly, Gabriel summarizes some of the main benefits of applying Lean Six Sigma in trade management, including cost-effectiveness, efficiency, increased compliance, and reduced errors. Gabriel also provides recommendations for self-education on Lean Six Sigma, and Kim reminds listeners they don’t need a certificate to apply the theories to their business.
Listen now and start exploring Lean Six Sigma in International Trade today!
 
KEY TAKEAWAYS:
How Lean Six Sigma can be applied in international trade. The benefits of applying Lean Six Sigma in trade management Recommendations for applying Lean, even without training

Episode Sponsors: 
If you liked this episode - Buy Me a Coffee  - it’s a great way to help us cover the out of pocket costs.  LINK:  https://www.buymeacoffee.com/kimkirkendall
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Corporate Services and full Accounting/CPA/Tax for China.



Website: www.intltraderesources.com
Email: intltradepodcast@gmail.com
Disclaimer: The content of this podcast is for informational purposes only and does not constitute legal or commercial advice. We provide no guarantee for the accuracy of the information provided. Reproduction or transmission of this podcast is strictly prohibited.

Today on the International Trade Resources Podcast, our host Kim Kirkendall is joined by Sin Kit I (Sinki), who has years of experience in business development to lend insight into the opportunities and challenges of international investment in South America and the region's potential for economic growth and investment.
To begin, Kim and Sinki discuss growing foreign investment in South America. South America, particularly countries like Colombia where she is based, is experiencing a significant increase in foreign direct investment (FDI). This includes investment from traditional sources like other countries in the region, the United States, the European Union, and lately growing investment from China. However, foreign companies investing in South America face challenges such as corruption, cultural differences, and security concerns. Understanding and navigating these challenges is crucial for successful business operations in the region.
Next, Kim and Sinki explore opportunities for growth. Despite challenges, South America offers ample opportunities for growth and investment and the region's young and dynamic workforce, coupled with its natural resources and strategic location, make it an attractive destination for businesses looking to expand.
Lastly, Sinki and Kim look at the rise of near-shoring trends in North and South America. Countries like Colombia and Mexico are becoming attractive options for companies looking to diversify their manufacturing and production locations while staying in the region and on the same time zone. Factors such as economic stability, workforce availability, and strategic location make these countries viable options for near-shoring initiatives.
Listen now and start exploring FDI in South America today!
 
KEY TAKEAWAYS:
●      Foreign Direct Investment (FDI) in South America has experienced significant growth, with countries like Brazil attracting substantial investment. 
●      Foreign companies face various challenges when investing in South America,. 
●      Understand the opportunities in South America for business growth and investment.
 
Episode Sponsors: 
If you liked this episode - Buy Me a Coffee - it’s a great way to help us cover the out of pocket costs.  LINK:  https://www.buymeacoffee.com/kimkirkendall
Acclime China:
https://china.acclime.com/
Corporate Services and full Accounting/CPA/Tax for China.
 
Website: www.intltraderesources.com
Email: intltradepodcast@gmail.com
Disclaimer: The content of this podcast is for informational purposes only and does not constitute legal or commercial advice. We provide no guarantee for the accuracy of the information provided. Reproduction or transmission of this podcast is strictly prohibited.

Today on the International Trade Resources Podcast, our host Kim Kirkendall is joined by Andrew Kennedy, Logistics Manager at Kitagawa Europe, to discuss the challenges and strategies to capitalize on the opportunities presented by the post-Brexit trade environment.
 
To begin with in the podcast Kim and Andrew explore changes in customs procedures. With the UK no longer part of the EU, customs declarations and clearance procedures are now required for goods entering the UK from EU countries. This has introduced trade barriers that previously did not exist.
 
They also discuss the implementation of new regulations for non-EU countries in the UK post-Brexit. The UK has introduced its own regulations and standards, such as the UKCA marking, to replace previous EU standards like the CE marking. Additionally, the UK has phased in various regulatory changes post-Brexit, affecting areas like VAT, tariffs, and customs classifications.
 
Next, Andrew and Kim break down how companies need to adjust their exports into the UK and comply with the updated regulations. Effective communication and collaboration with suppliers, customers, and relevant authorities are crucial to navigating these changes successfully.
 
Lastly, given the ongoing evolution of trade regulations, Andrew and Kim discuss how essential it is for businesses to stay informed and continuously monitor changes in regulations. This includes seeking relevant training for staff and engaging with industry experts to ensure compliance and minimize disruptions to their supply chains.
 
Listen now and start exploring the post-Brexit trade environment today!
 
KEY TAKEAWAYS:
 
●      New customs declarations and clearance procedures in the UK and the new EU/UK trade barriers.
●      Regulations and standards, such as the UKCA marking, that have replaced previous EU standards like the CE marking.
●      Tips on how to adapt to the new post-Brexit trade landscape.
 
Episode Sponsors:  
 
If you liked this episode - Buy Me a Coffee  - it’s a great way to help us cover the out of pocket costs.  LINK:  https://www.buymeacoffee.com/kimkirkendall
 
Acclime China:
https://china.acclime.com/ 
Corporate Services and full Accounting/CPA/Tax for China.
Website: www.intltraderesources.com
Email: intltradepodcast@gmail.com
Disclaimer: The content of this podcast is for informational purposes only and does not constitute legal or commercial advice. We provide no guarantee for the accuracy of the information provided. Reproduction or transmission of this podcast is strictly prohibited.

Today on the International Trade Resources Podcast, our host Kim Kirkendall is joined by Nathan Reed, a licensed customs broker and Director of Customs and Foreign Trade, to discuss the importance of knowledgeable and reliable customs brokers. Navigating the complexities of international trade regulations and customs compliance can be complex, and knowing how to make the most of your relationship with a trusted customs broker can simplify the process!


First, Kim and Nathan dive into the functions and responsibilities of customs brokers, which include; transmitting data to ensure import shipments clear customs, communicating with freight forwarders and carriers, calculating duties and taxes. Brokers can also arrange transportation, support HTS determination, record-keep, and support customs audits.


Next, Nathan lends advice on how companies should leverage the knowledge of their customs broker partners on import regulations and compliance. The customs brokers have an understanding of product requirements, can provide guidance on record-keeping and compliance, and advise on proper duty and tax application.


Lastly, Kim and Nathan explore considerations for companies who are looking to retain a customs broker directly. This includes how to find a good customs broker, the importance of considering service levels, assessing the broker's knowledge and expertise, evaluating value-added services, and ensuring sufficient staffing and support from the broker. 


Listen now and start exploring ways you can leverage your custom broker’s expertise today!




KEY TAKEAWAYS:
The often overlooked functions and responsibilities of customs brokersAdvice on how companies should leverage the knowledge of their customs broker partners on import regulations and complianceConsiderations for companies looking to retain a customs broker directly

Episode Sponsors:  


If you liked this episode - Buy Me a Coffee  - it’s a great way to help us cover the out of pocket costs.  LINK:  https://www.buymeacoffee.com/kimkirkendall


Acclime China:
https://china.acclime.com/ 
Corporate Services and full Accounting/CPA/Tax for China.






Website: www.intltraderesources.com
Email: intltradepodcast@gmail.com
Disclaimer: The content of this podcast is for informational purposes only and does not constitute legal or commercial advice. We provide no guarantee for the accuracy of the information provided. Reproduction or transmission of this podcast is strictly prohibited.

Today on the International Trade Resources Podcast, Kim Kirkendall is joined by Kenton Grimes to discuss the challenges companies face when negotiating an annual contract with a freight provider. They explore topics such as identifying suitable providers, determining who can offer comprehensive services, and what to have in your freight contract.
First, Kim and Kenton emphasize the significance of transparency in freight relationships. They discuss how transparent communication and sharing of information, including bad news, is essential for building strong partnerships and effectively managing international trade. They also delve into the complexities of managing freight contracts during turbulent times - to balance flexibility with cost stability.  


They also discuss strategies for structuring contracts that allow for adjustments in response to market fluctuations while ensuring predictability in costs and lead times.


Lastly, Kenton emphasizes the importance of viewing freight providers as strategic partners rather than merely transactional entities. He highlighted the value of leveraging data collected by providers, fostering collaboration, and aligning goals to optimize supply chain operations and drive business success. Kim and Kenton collectively provide insight into the challenges, considerations, and strategies involved in selecting freight providers, managing contracts, and maximizing the value of partnerships in international trade.


 Learn all this and more in this information-packed episode!


Things you’ll learn: 
Challenges when searching for freight providers; identifying suitable providers, understanding their capabilities, and assessing reliability..Strategies for managing freight contracts effectivelyThe significance of viewing freight providers as strategic partners and fostering transparent communication. If you liked this episode - Buy Me a Coffee  - it’s a great way to help us cover the out of pocket costs.  LINK:  https://www.buymeacoffee.com/kimkirkendall
Episode Sponsors:
Acclime China:
https://china.acclime.com/
Corporate Services and full Accounting/CPA/Tax for China.



Website: www.intltraderesources.com
Email: intltradepodcast@gmail.com
Disclaimer: The content of this podcast is for informational purposes only and does not constitute legal or commercial advice. We provide no guarantee for the accuracy of the information provided. Reproduction or transmission of this podcast is strictly prohibited.

Today on the International Trade Resources Podcast, Kim Kirkendall is joined by Michel Nouafo, who has a wealth of experience in international sales, market development, and channel development positions. They explore diverse topics, including the influence of cultural differences on product choices (such as the significance of colors in different regions), variations in pricing strategies based on context cultures, and the importance of understanding the customer journey in different markets.
First, Kim and Michel discuss the importance of adapting products to fit the local market, taking into consideration factors like space constraints in homes, cultural perceptions of waste, and the expectation of freshness in some regions. Additionally, they touch on the impact of warranties and product information on consumer trust, emphasizing the need to align marketing and product strategies with local expectations.


Lastly, Kim and Michele highlight the crucial role of the cultural knowledge of the sales organization in international business success. It emphasizes the importance of hiring the right individuals, providing adequate training, and finding a balance between maintaining high standards and adapting to local norms. They suggest a hybrid solution for the sales team, incorporating both local hires and expats to create a bridge between corporate culture and local customs. 


Learn all this and more in this information-packed episode!


Things you’ll learn: 
The significance of understanding and adapting to cultural differences when engaging in international trade.The necessity of adapting products to fit the local marketThe critical role of cultural knowledge in the sales organization in international business success. If you liked this episode - Buy Me a Coffee  - it’s a great way to help us cover the out of pocket costs.  LINK:  https://www.buymeacoffee.com/kimkirkendall
Episode Sponsors:
Acclime China:
https://china.acclime.com/
Corporate Services and full Accounting/CPA/Tax for China.



Website: www.intltraderesources.com
Email: intltradepodcast@gmail.com
Disclaimer: The content of this podcast is for informational purposes only and does not constitute legal or commercial advice. We provide no guarantee for the accuracy of the information provided. Reproduction or transmission of this podcast is strictly prohibited.