Nexteer Enhances China Trade Management Capability with Amber Road's Trade Automation Solution
19 Gennaio 2016 - 3:00PM
Business Wire
Amber Road (NYSE: AMBR), a leading provider of global trade
management solutions (GTM), today announced Nexteer Automotive
(HK:1316) expanded its use of Amber Road’s China Trade Management
Solution (CTM) to automate compliance with China’s trade regulation
regimes and enhance supply chain performance.
Nexteer is a multi-billion dollar global manufacturer of
advanced steering and driveline products headquartered in Saginaw,
Mich. The company has twenty-one manufacturing plants across the
Americas, Europe and Asia and serves many of the world’s largest
automakers.
Nexteer initially installed Amber Road’s web-based, on-demand
CTM solution in its Suzhou facility in 2012 to meet China’s
compliance requirements for Processing Trade, an import regime
enacted by the Chinese government. Processing Trade affects
companies that import materials and components into China and use
those materials and components to manufacture finished goods for
export to foreign markets. When properly administered, Processing
Trade transactions are exempt from import duties and value-added
taxes on export.
Nexteer’s business expansion, along with the breadth of
functionality and trade content coverage of Amber Road’s CTM
solution, led the company to extend its use of the solution to
cover both Processing Trade and General Trade regulations in both
its Suzhou facility and its new Liuzhou facility. Furthermore, the
solution enhances Nexteer’s logistics expense management
capabilities with better compliance and consolidated expense
allocation.
According to a recent SCM World China Trade Management survey,
companies reported that the frequently changing, unpredictable and
complex trade regulations were the number one growth barrier in
China. Amber Road’s CTM solution provides Nexteer with timely trade
regulatory updates to ensure uninterrupted import and export
operations, reducing costs and improving supply chain
efficiencies.
“Nexteer recognizes that automating China Trade Management
yields greater productivity, efficiency and compliance,” said
Kae-por Chang, managing director, Amber Road China. “We look
forward to working more closely with Nexteer as they expand their
corporate compliance strategy, thus helping them increase their
competitive advantages and grow revenues.”
About Nexteer
Nexteer is a global steering and driveline business solely
dedicated to electric and hydraulic steering systems, steering
columns and driveline products for original equipment
manufacturers. With more than 10,000 employees, Nexteer operates 21
manufacturing plants, five regional engineering centers and ten
customer service centers located in North and South America, Europe
and Asia.
By focusing on electric power steering (EPS), a socially
responsible technology that offers automakers increased fuel
economy and reduced emissions, Nexteer has put more than 28 million
EPS units on the road since 1999, saving more than 3.0 billion
gallons of fuel. http://www.nexteer.com/
About Amber Road
Amber Road’s (NYSE: AMBR) mission is to improve the way
companies manage their international supply chains and conduct
global trade. As a leading provider of cloud based global trade
management (GTM) solutions, we automate the global supply chain
across sourcing, logistics, cross-border trade, and regulatory
compliance activities to dramatically improve operating
efficiencies and financial performance. This includes collaborating
with suppliers on development, sourcing and quality assurance;
executing import and export compliance checks and generating
international shipping documentation; booking international
carriers and tracking goods as they move around the world; and
minimizing the associated duties through preferential trade
agreements and foreign trade zones. Our solution combines
enterprise-class software, trade content sourced from government
agencies and transportation providers in 145 countries, and a
global supply chain network connecting our customers with their
trading partners, including suppliers, testing/auditing firms,
freight forwarders, customs brokers and transportation carriers. We
deliver our GTM solution using a Software-as-a-Service (SaaS) model
and leverage a highly flexible technology framework to quickly and
efficiently meet our customers’ unique requirements around the
world.
For more information, please visit www.AmberRoad.com, email
Solutions@AmberRoad.com or call 201-935-8588.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160119005566/en/
Media ContactKathleen Hickey+1
202-607-7553KathleenHickey@AmberRoad.comorAmber Road
ContactsAnnika Helmrich (US & Canada)+1
201-806-3656AnnikaHelmrich@AmberRoad.comorMartijn van Gils (Europe
& Asia)+31 (0)85 8769534MartijnvanGils@AmberRoad.com
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