Four Pillars of Trade Compliance Management

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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.

The Little Import Business That Could

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When it comes to importing, everyone starts small.  It goes like this:  You think of a brilliant product idea, find a supplier, import the product and start selling away. 

In the article below, Kelly Spors outlines what it takes, especially on the compliance side of things, to open a small import business.

Opening a Small Import Business

Related article(s):  How to Start and Run a Profitable Import/Export Business and How to Comply with Import Regulations