Thursday, July 13, 2023

Four Pillars of Trade Compliance Management

©iStock/Blue Planet Studio
Trade compliance management includes staying up to date on any import and export regulations that could impact your supply lines. This is a full-time responsibility and should be taken seriously, which is now evidenced in recent efforts to thwart “forced labor” in China.

The four pillars of trade compliance are:

  1. Due diligence
  2. Reasonable care
  3. Supervision and control
  4. Proactive engagement

The bottom line:  Trade compliance management is growing and is growing in importance.

No comments: