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Global Compliance and Regulatory Changes in International Shipping

TransAudit

Global shipping and transportation present tremendous opportunities for businesses, but they also bring complex challenges, particularly when it comes to compliance. A 2023 survey by the International Trade Centre found that 73% of small and medium-sized enterprises identified regulatory compliance as a major barrier to international trade.

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New Study Shows Global Trade Compliance Is Not Slowing Down Any Time Soon

Logistics Viewpoints

Global Trade Compliance Is Not Showing Signs of Slowing Down Any Time Soon The Global Trade Compliance market is experiencing steady growth and is expected to continue this trend over the next five years. I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here.

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How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

Suppliers of smart contract development tools: Ethereum Foundation, Polkadot, Hyperledger, OpenZeppelin, Chainlink How Smart Contracts Automate Supply Chains 1. Cross-Border Trade & Customs Compliance International trade involves lengthy customs clearance, regulatory approvals, and documentation.

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Digital Product Passports: A Game Changer for Global Compliance

Logistics Viewpoints

DPPs provide a streamlined, digital way to document a product’s lifecycle, making it easier to ensure compliance and improve transparency. Let’s explore how DPPs are impacting regulatory compliance, preparing for future rules, and encouraging industry collaboration.

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The Role of Temperature-Controlled Logistics at NJ Ports — Keeping Cool Under Pressure

ECW

From beer and wine shipments to frozen seafood and delicate confectionery, proper storage and transport solutions are necessary to prevent spoilage, ensure compliance, and maintain supply chain efficiency. Compliance failures can lead to spoiled goods, financial losses, or even legal consequences.

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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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Top 6 Logistics Challenges and How to Overcome Them

3PL Links

Additionally, tools that analyze customer purchasing trends can help you make informed decisions about when and what to stock. Cloud-based tools can provide visibility across teams, ensuring everyone from suppliers to transportation providers can access up-to-date information.