Claims related to the massive explosion at the port of Tianjin, China, may grow to as much as $6bn, says the International Union of Marine Insurance (IUMI). More than half of the claims reportedly fall within marine insurance or reinsurance lines - potentially making it the largest single marine disaster (by claim value) in history, surpassing Hurricane Sandy.

In many businesses, supply chain management historically has fallen outside the core of the company's compliance function. But that was then. A renewed push this year by state, federal and international regulators – not to mention consumer advocacy groups, NGOs and foreign legislatures – to conscript the business community into the fight against human trafficking and the use of child, indentured, forced and other forms of coerced labor has brought supply chain management to the front and center of the corporate compliance world.

Are consumers really willing to pay more for a product that's environmentally sustainable and socially responsible? Depends on whom you ask.

Want to make sure that your imports or exports are traveling on a "clean" ship? There's a way to do that.

They call it "free" trade, but the price of failing to properly manage one's imports and exports can be dangerously high.

The SAP Global Trade Services (GTS) application of SAP SE is now certified with U.S. Customs and Border Protection's Automated Commercial Environment (ACE) for Entry Summaries.