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The Digital Supply Chain Needs to Include Trade Compliance Systems!

Logistics Viewpoints

Better systems at customs agencies can lead to increases in cycle times for companies that are not on top of the complex documentation requirements associated with trade. In short, customs compliance must become proactive and strategic rather than just focused on having the proper documentation and accurately paying duties.

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The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

Nevertheless, the argument that trade compliance is complementary to a company’s overall tax strategy certainly makes sense to many companies. This action was brought by the Office of Foreign Assets Control which is an enforcement agency of the U.S. In many companies, the legal department also rolls up to finance.