Episodes of exclusive TPM content featuring interviews of key stakeholders and attendees.
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The must-attend conference for the trans-Pacific and global container shipping and logistics community
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RETURNING TO TPM25! Following a highly successful introduction at TPM23, TPM Academy returns with a series of 45-minute educational workshops offering a practical introduction and overview of key subjects that international trade professionals typically encounter in their day-to-day responsibilities. Taught by seasoned professionals with deep knowledge and experience, each 45-minute course provides attendees with a conceptional and practical understanding that will make dealing with these issues much easier in the real world. In this 15-minute introduction, Dan Gardner, an educator with 30 years of logistics experience, will run through the course material, the courses that make up TPM Academy, and other details of this essential feature for professionals who have recently joined the industry, for TPM newcomers, and for those who simply have a passion to learn.
The passing of the Ocean Shipping Reform Act of 2022 was a seminal moment for the US ocean container supply chain. But essential to BCOs’ benefiting in tangible ways from this law is a detailed understanding of the Federal Maritime Commission’s Final Rule, which took effect on May 28, 2024, and the underlying detention & demurrage invoicing regulations found in 46 CFR Part 541. OSRA 2022 served as the foundation for the FMC to “define prohibited practices regarding the assessment of demurrage & detention charges.” That said, for BCOs to manage D&D invoicing in a way that the juice is truly worth the squeeze, they must know the regulations behind the act and then implement programs that assure their own compliance, as well as that of ocean carriers, non-vessel-operating common carriers, and marine terminal operators. This TPM Academy module will kick off with an easy-to-follow explanation of the final rule and corresponding invoice requirements, and then will go on to provide field-proven tactics for how to manage D&D in a manner that minimizes administrative burden. The takeaway from this presentation will be the ability to design and execute a D&D Invoicing program within the framework of the Final Rule and 46 CFR Part 541 regulations. With perspectives and content that are beneficial to importers, ocean carriers, NVOCCs, marine terminal operators and drayage providers, topics in this presentation will include:
• Introduction: A brief history of OSRA 2022
• The Final Rule: Insights into key elements of the FMC rule-making process
• Four pages that matter the most: A practical explanation of the D&D billing requirements and practices found in 46 CFR, Part 541, Subpart A
• The realities of building successful D&D invoicing requirements programs
• Making the juice worth the squeeze: Tactics and hacks for how to design, implement, manage and measure a successful D&D invoicing program
Companywide knowledge of Incoterms is fundamental to supply chain execution and financial success. Because trade terms deal with the seller’s delivery responsibility under a sales contract, Incoterms impact areas that include risk transfer, shipping, landed-cost controls, calculation of gross profit and payment for logistics services. Equally applicable to importers and exporters, the content of this module will go beyond the basics of understanding shipping terms to address rights and responsibilities between the seller and buyer, as well as the division of transportation costs between the parties. With an emphasis on the updates to Incoterms 2020, this TPM Academy module will set the stage for others to follow.
Starting with the Section 301 tariffs in 2018 and then the supply chain issues suffered throughout the pandemic and beyond, more US importers want to shift product sourcing from Asia to Mexico. Although it’s a great idea on the surface, such a move isn't as easy as it sounds. While there are great sourcing options in Mexico, US importers must exercise the proper due diligence long before products begin to move. In recognition of this monumental sourcing shift and to help US importers avoid a "dear-shoring" scenario (as in, "it will cost you dearly"), this TPM Academy session will cover all the bases related to product design and engineering, keys to working with contract manufacturers, product quality, production capacity, and cost. It also will delve into the logistical and USMCA considerations that can make or break a near-shoring project. Topics to be covered in this 45-minute session include:
• How manufacturing works in Mexico: Contract manufacturers, Tier I, II & III vendors
• Working with suppliers: The importance of a design & engineering-first approach
• Product procurement in MX: Availability, quality, price & production capacity
• Supplier considerations based on geographic location
• Logistics & transportation infrastructure from MX to the US
• Rules of origin to qualify for duty free treatment under USMCA
• Potential risks of producing or sourcing goods in Mexico