Increasing trade volumes together with greater scrutiny of cross-border flows and a stringent focus on compliance with export control and customs regulations create significant challenges for supply chains. Moving goods internationally can be complex and costly for businesses in today's competitive - global markets.
Product delays, stock-outs, emergency shipments, additional warehousing costs, customs audits and customs penalties are all common consequences of compliance failures. International trade controls have become a high priority for industries in recent years. Governments have started to take a more stringent approach to the topic and are placing a much stronger focus on enforcing customs controls to control the flow of data, technology and equipment around the world to make sure it does not fall into the wrong hands.
For a firm to truly be successful in its international operations, trade compliance must be an essential part of its international business strategy and its strategic planning and operations. By attending this summit attendees will learn not only about the most important and critical aspects of trade compliance, but also how to integrate trade compliance into the strategic and operational dimensions of their company.
Looking forward to your participation!