VEDP Supply Chain Optimization Program

Supply Chain Optimization Program

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The VEDP's Supply Chain Optimization Program is designed to help Virginia companies evaluate and streamline their supply chain management and import processes. This program provides counseling, strategy development, and resources to improve performance and reduce costs.

Program Benefits
Optimize your supply chain process with this year-long program.

  • Access up to $10,000 in reimbursements for supply chain-related expenses
  • Access consulting services to develop a strategy for improving supply chains
  • Connect with experts on supply chain mapping, transportation, import compliance, and more
  • Participate in four training sessions on subjects such as foreign trade zones, blockchain, shipping solutions, emerging technologies, and other leading supply chain topics

Eligibility
Companies interested in participating in the Supply Chain Optimization Program must meet the following eligibility criteria:

  • Must have at least five full-time employees in Virginia
  • Must operate in the Commonwealth of Virginia
  • Preferably imports components for future exporting initiatives

Webinar: Supply Chain Disruption in Virginia - Access to the September 14th webinar recording of the virtual panel discussion to hear how industry experts address these challenges and learn some creative solutions to global supply chain management is available below along with the presentation about Virginia’s new Supply Chain Optimization Program in PDF.

To view webinar recording follow > here.

Below is the presentation of the 09.14.21 webinar in PDF

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International Trade Resources and Updates - courtesy of VEDP

Featured Virginia business: MAG Aerospace – “VEDP has greatly assisted our international business by enabling everything from establishing new customer connections at trade shows to providing financial and marketing assistance in international markets, where we needed it most.” - MAG Aerospace. To learn how MAG Aerospace leveraged the Virginia Leaders in Export Trade (VALET) Program, read our case study.

Is Your Company Ready to Pursue International Sales? – VEDP’s new online export readiness assessment helps Virginia businesses determine whether they are ready to begin exporting or expand into additional markets. The questions assist companies in systematically thinking through various components of export readiness. Visit > VEDP's website to take the complimentary assessment and see your results.

Meeting Global Demand for Health IT Services – Harris Healthcare (Herndon, VA) sells a range of software tools to help hospitals, doctors, and nurses deliver medical services to patients safely and effectively. To grow its international sales, Harris Healthcare is developing partnerships with local technology companies or software resellers in each international market. To learn more, > read VEDP's case study.

Exporting 101 Guide: Determining HS Codes – Harmonized System (HS) codes are a standardized numerical method of classifying traded products. Businesses need to know their product’s HS codes to determine tariff rates and complete shipping documents. Our Exporting 101 guide has the steps and resources to determine HS codes. To access the guide click > here.

Exporter Profile: ExploreLearning – ExploreLearning, based in Charlottesville, develops online solutions to improve student learning in math and science. To see how ExploreLearning increased its international sales by 25% using VEDP services, click > here.

International Trade Partners - Did you know that VEDP has a network of professional service providers to support Virginia exporters? These companies have been screened and selected by VEDP due to their international expertise in the following areas: accounting, marketing, corporate strategy, insurance, shipping, legal services, and translation. Reach out to VEDP for a referral to one of our partners, contact: Monica Sadie, VEDP Supply Chain Program Manager, (804) 545-5763 msadie@vedp.org

New Industry Report: Saudi Vision 2030 - Saudi Arabia offers a promising market for Virginia companies looking to take advantage of the country’s shift away from its traditional dependence on oil. To learn more about Saudi Arabia’s initiative and opportunities for Virginia companies, check out > VEDP’s latest industry report.


Upcoming Webinars and Events

New International Trade Missions and Trade Shows; Registration opened April 1, 2022 for VEDP trade missions and trade shows taking place through June 2023! Click here to see the full list of new events. Face-to-face meetings are critical to international business and participating in VEDP trade missions and trade shows puts Virginia businesses directly in front of customers and partners in markets around the world.

Optimizing Your International Strategy Webinar Series; VEDP's International Trade team is hosting a series of webinars designed to help Virginia businesses learn how to optimize their international strategies. Learn about Choosing your Channel Strategy (April 14th), the Elements of an International Marketing Plan (April 21st), and Managing Your Distributor or Partner (April 27th).

Trade Mission to Chile & Peru – May 11 – 18, 2022; Chile is a strong export market for U.S. companies and Peru has been one of the fastest-growing Latin American economies. As one Virginia business said, “the trade mission event has the potential to positively impact our company. We met with quality companies in our sector, and we are currently following up. In terms of dollars, I suspect $5M-$10M in orders could occur with the follow-up.” To learn more about this event, click > here.

To view the full list of upcoming international trade missions and trade shows, please visit: https://exportvirginia.org/


Upcoming Events Offered by Partners of VEDP
 
Virtual Course: Offset in the Global Defense Trade – April 13, 2022; In partnership with Offset Education LLC, NDIA's Business Institute is hosting a virtual Offset in the Global Defense Trade seminar on April 13th. Few international defense sales occur today without successfully addressing offset (also called Industrial participation, industrial cooperation, security interests, counter benefits, and more). This seminar provides the necessary foundation to understand offsets globally.
 
Foundations for Exporting: What to Know for Global Expansion – April 20, 2022; Join the Mason Small Business Development Center (SBDC) for this free, virtual training to learn about the basics of international trade, such as selecting and ranking markets, getting ready for exporting (product classification, adaptation), and compliance.
 
2022 State of the Port – April 20 - 21, 2022; The State of the Port has been an annual event since 1981, providing important updates on the Port’s performance, land and waterside infrastructure projects, and its impact as an economic engine for the commonwealth. The State of the Port takes place over two days with three different exciting, fun, and educational events.


Interested in More Information?

Visit VEDP's website > here, or contact:

Monica Sadie, VEDP Supply Chain Program Manager
(804) 545-5763 msadie@vedp.org

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