Saturday, February 25, 2012

Renewed Emphasis on Customs Trade Compliance



After the 2001 terrorist attacks on the United States, supply chain security became a top priority of the U.S. government. Since 2001, major goals of U.S. Customs and Border Protection include knowledge and tracking of the following:

· Who is handling cargo at all points on the chain
· Where shipments are going
· Why it is being shipped
· Who receives the shipment

New security measures have represented a fundamental shift in logistics for international businesses that had been used to facing few if any questions about what products were going where.

The Supply Chain

Even small international businesses can have a complicated supply chain. The supply chain includes suppliers, manufacturers, and retailers, as a product transforms from raw material to finished product, with the final destination being the customer. Each point along a supply chain has its own unique security vulnerabilities. The corporate trade compliance specialist evaluates individual supply chains and makes recommendations about potential vulnerabilities and how to make the entire supply chain compliant with regulations.

Concerns of International Businesses

All international businesses must comply with regulations of U.S. Customs and Border Protection. Depending on the nature of the business, there may be several layers of regulations that must be met. That's the main reason why a corporate trade compliance specialist can be of tremendous help, regardless of the type of business. Penalties for violating regulations can be crippling to a business.

Timely, Secure Shipments

If you own a business that exports or imports product, you want your shipments to be secure and timely. Cutting corners on export compliance is a huge mistake and can lead to trouble all along the supply chain. Regulations are complex, and they change frequently. Consultants with expertise in trade compliance are there to help prevent problems with compliance, which have serious consequences.

Export Compliance Consulting

Compliance with international trade regulations can make the difference between success and failure of an exporter. Export compliance consulting is a growing sector, as exporters realize how many regulations apply to their products. No business, large or small, can withstand the risks of violating export regulations, and compliance consultants know how to eliminate these risks.

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