--NextLinx To Provide Technology Behind Global Trade Logistics Solutions--
BARCELONA, ECR EUROPE (April 23, 2002) - The WorldWide Retail Exchange
(WWRE®), the premier business-to-business exchange for retailers and
suppliers, today announced the launch of its WorldWide Trade Logistics (WTL)
suite and strategic alliance with NextLinx Corporation, a leading provider
of global trade content and management solutions. The WTL suite - which
addresses trade compliance, logistics cost estimation and analysis - is
designed to streamline and automate global supply chain trade logistics
operations in one centralized location.
"Logistics, import/export complications and complex legal requirements can
cause companies significant time delays and financial strain. Adoption of
the WTL solution will enable WWRE® members to help avoid these basic
impediments and significantly cut costs," said Jim Schwab, WTL product
director at the WWRE®. "Importantly, members who take full advantage of
these solutions can market their supply chain efficiencies as competitive
advantages."
Through the use of WWRE® solution offerings, members of the Exchange have
collectively saved approximately $408 million on transaction volume of over
$2.7 billion. Savings per member currently average $4.5 million. The WWRE®
continues to expand its solution offerings, add functionality to existing
solutions and further strengthen its value to members.
NextLinx and the WWRE® formed the alliance to take the Global Trade
Compliance and Landed Cost Analyzer solutions to market by providing both
the application and the global content needed to facilitate global trade
compliance and landed cost calculations. The solutions are powered by
NextLinx`s Trade Services application and content from Global Knowledge, one
of the industry`s leading comprehensive databases of global trade content
and international business rules, which contains 97 chapters of the
Harmonized Tariff Schedule for shipping any product to over 110 countries
comprising over 99 percent of world trade.
"By providing services for the WWRE®`s members worldwide, we will have yet
another opportunity to validate that our trade content and innovative
business logic integrate seamlessly to provide the best global trade
logistics solution today. We are excited about our partnership with the
WWRE® and believe it will further expand our footprint in the global
e-retail space," said Rajiv Uppal, chief executive officer of NextLinx.
"The relationship we`ve created with NextLinx provides WWRE® members with a
solution that has the potential of adding considerable value to the global
logistics area of a member`s business operations," remarked Pete Plotas,
director of strategic alliances for the WWRE®.
The Global Trade Compliance solution enables WWRE® members to efficiently
determine compliance with various government regulations, including
real-time screening against government denied parties lists during the
fulfillment process, determining required forms, documents or licenses
before a product is shipped and assigning classification codes. The Landed
Cost Analyzer solution allows members to calculate the total cost of
delivered products including customs duties, taxes and other governmental
charges. This added capability allows buyers and sellers to compare costs
and make quick purchasing decisions with more complete, accurate and
up-to-date knowledge than ever before.
"Using the WWRE®`s Global Trade Compliance tool allows members a more
efficient means to explore opportunities in new markets and also provides a
fast and accurate tariff classification system with true costs for importing
and exporting large quantities of goods across borders," said Stuart
Blackery, senior project manager at Tesco. "Members using the Landed Cost
Analyzer will benefit from up-to-date duty and tax data - essential
information for aiding decisions during the sourcing process."
About the WWRE®
The WWRE® is the premier Internet-based business-to-business exchange in the
retail e-marketplace. The Exchange was created with the fundamental purpose
of reducing costs and improving efficiencies throughout the supply chain,
employing product and service solutions typical of a global procurement and
supply operation. Designed to facilitate and simplify trading between
retailers, suppliers, partners and distributors, the WWRE® currently
consists of 61 members from Africa, Asia, Europe, North America and South
America with combined sales of approximately U.S. $855 billion. To date, the
WWRE® has saved its members approximately $408 million through the use of
online negotiations, its first product offering. For more information, visit
the website at www.wwre.org or
www.worldwideretailexchange.org
About NextLinx
NextLinx Corporation is the leading provider of global trade management
solutions. NextLinx`s software and web services solutions combine global
trade business rules and country-specific trade data, consisting of denied
party lists, landed cost components, import and export controls, customs
duties and documentation, to help companies reduce the risks and costs
associated with importing and exporting goods across international borders.
NextLinx`s prestigious list of customers include: Boeing, FedEx, UPS, ABN
AMRO, Cisco Systems, 3Com, Fairchild Semiconductor, Rockwell Automation,
Sotheby`s and Panasonic. For additional information, please visit us at
www.nextlinx.com .
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