EAST RUTHERFORD, N.J.--(BUSINESS WIRE)--Amber Road (NYSE: AMBR), a leading provider of global trade management solutions, today announced that Trek Bikes, a major bicycle and cycling product manufacturer and distributor, has selected its Trade Automation solution to lower landed costs and manage global trade.
Trek bicycles and cycling products are sold through 5,000 independently-owned retail locations in over 90 countries across North and South America, Europe, and Asia.
Looking to automate its global supply chain, shipping, and product classification processes, Trek Bikes selected Amber Road’s cloud-based Trade Automation solution, which is expected to provide Trek with a return on their investment within just three years by lowering many costs associated with logistics and trade operations.
Trek especially needed a unified platform for visibility into its supply chain milestone activities to combat high demurrage and detention fees. Companies routinely incur these fees when they are unable to carefully monitor cargo arrival or in-transit cycle times. Amber Road’s solution will help manage these events and decrease Trek Bikes’ costs.
“Trek looks forward to reducing reliance on expedited courier shipments, lowering freight expenses, and reducing manual efforts, while more effectively managing landed costs through its partnership with Amber Road,” said Roger Gierhart, Vice President of Supply Chain at Trek Bikes.
Trek anticipates improved supplier productivity, coordination, and management of confirmed orders throughout the purchasing cycle with Amber Road’s supplier portal. With increased supply chain visibility, the company expects to lower expedited freight costs, minimize in-transit inventories, reduce detention and demurrage costs, and shorten transit times. By centralizing ocean rate procurement, Trek can easily comparison shop, gaining control of air and ocean freight costs as well as allowing for order and container consolidation.
Using Amber Road’s Global Product Master, Trek will gain access to accurate classification information through a centralized data repository to support supply chain decisions. The company will also reduce costs by automating the ISF filing process.
“We applaud Trek’s commitment to streamlining its supply chain and trade compliance processes with one centralized global trade management solution,” said Jim Preuninger, Chief Executive Officer of Amber Road. “We look forward to helping them lower logistics costs and expand their global business.”
About Trek Bikes
Trek Bicycle is a global leader in the design and manufacture of bicycles and related products. Trek believes the bicycle can be a simple solution to many of the world's most complex problems, and is committed to breaking down the barriers that prevent people from using bicycles more often for transportation, recreation, and inspiration.
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.