Exchange Adds Global Trading Knowledge
An e-marketplace for the retail industry is rolling out software that automates global supply chain trade logistics operations that helps traders compare the cost of goods when tariffs and duties are added in.Making a bit of noise on the otherwise quite online exchange front, business-to-business retail e-marketplace provider WorldWide Retail Exchange LLC on Tuesday announced a new logistics suite and a strategic alliance. WWRE rolled out its WorldWide Trade Logistics (WTL) suite. The software automates global supply chain trade logistics operations into one centralized location by bringing together trade compliance and logistics costs estimation and analysis, according to officials. The Alexandria, Va., company also penned an agreement with NextLinx Corp., a provider of global trade content and management software, that will enable it to jointly bring to market the Global Trade Compliance and Landed Cost Analyzer modules. The software is powered by NextLinx, of Rockville, Md., and will be included in the WTL B2B trading suite. Together, the two companies will provide both the application and the content needed to assist global trade compliance and landed cost calculations.
The Global Trade Compliance module helps WWRE members determine compliance with government regulations. The software also provides real-time screening to week out buyers and suppliers that are on governments denied-parties lists during the fulfillment process. It does this by highlighting required forms, documents or licenses before a product is shipped and by assigning classification codes.