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Amber Stellingwerf

Amber Stellingwerf

Exporter
22 Followers
From Bangladesh
To Hungary
Oct 21
2021
1
answer
Amber S.
Oct 21, 2021

Your company will need a DDTC registration if it is involved in the export or import of any ITAR-controlled items (as in the case of an exporter, broker, or freight forwarder) or if it manufactures any ITAR-controlled items that may be exported.

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Euro account

Should I set up a Euro account when importing or exporting to the EU?
From Brazil
To Greece
Sep 08
2021
1
answer
Amber S.
Sep 08, 2021

Setting up a Euro account is not necessarily as we can receive EUR from your customers in a secure client account, leaving you with the option of exchanging back into GBP – or a currency of your choice – at a time of your choosing to maximise revenue.

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SCM improvement

What challenges do companies face as they try to improve SCM?
From Albania
To Colombia
Aug 23
2021
1
answer
Amber S.
Aug 23, 2021

Improving a process as complex as the supply chain can be daunting, as companies are challenged with finding ways to meet ever-rising customer expectations at a manageable cost. To do so, businesses must identify which parts of their supply chain process are not competitive, understand which customer needs are not being met, establish improvement goals, and rapidly implement necessary improvements. Industry has long lacked a standard way to measure supply chain performance. Because of this, manufacturers and service providers were unable to use a common assessment tool — benchmarking — in the effort to improve their performance. Moreover, the lack of a common means to describe supply chain processes rendered software selection difficult and usually expensive. Instead of finding the right tools for improving specific competitive gaps, businesses often made huge investments in software that failed to address their particular problem. All too often, available software products forced companies (often unwittingly) to revamp their supply chain processes to suit some default criteria.

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Company preparation for customs union

What should my company be doing to prepare for a likely end of the current customs union?
From Brazil
To Cambodia
Aug 05
2021
1
answer
Amber S.
Aug 05, 2021

At present details of future customs arrangements are uncertain, as they will depend on the nature of a possible Brexit settlement between the UK and the other 27 EU Member States. The Institute of Export & International Trade runs regular Brexit Workshop sessions for businesses to examine various Brexit scenarios and implications for companies trading with the EU & beyond.

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VAT in Germany

If you are holding goods in a fulfilment centre in Germany who will be selling B2B or do you still need to register for vat in Germany before you reach the threshold?
From Germany
To New Zealand
Aug 04
2021
1
answer
Amber S.
Aug 04, 2021

There is no threshold for foreign companies that hold goods in Germany. You will need to register for VAT as soon as you put goods in the fulfilment centre and then charge German VAT to your business customers.

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