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Incoterms (or International Commercial Terms) are complex, inconsistent, and sometimes even contradictory, causing a great deal of confusion and headaches for supply chain practitioners. We need to start over with a simpler, clearer set of trade rules and specifications.
Incoterms (or International Commercial Terms) are complex, inconsistent, and sometimes even contradictory, causing a great deal of confusion and headaches for supply chain practitioners. We need to start over with a simpler, clearer set of trade rules and specifications.
This second in a three-part series of articles explores the many challenges that practitioners face when applying these confusing and often contradictory trade rules.
This second in a three-part series of articles explores the many challenges that practitioners face when applying these confusing and often contradictory trade rules.
There are a number of reasons why Incoterms need to be blown apart and rebuilt from the ground up. This is the first in a series of three articles addressing today’s challenging Incoterms reality and our opportunities for change.
There are a number of reasons why Incoterms need to be blown apart and rebuilt from the ground up. This is the first in a series of three articles addressing today’s challenging Incoterms reality and our opportunities for change.