Be prepared, be compliant

In times when trade is getting more compliacated with high and changing tariffs, new ESG regulations, increasing ampunts of sanctions – customs authorities and border agencies are ramping up their control programmes. Some agencies are going 10x previous years, often with AI supported risk management tools.

Traders will have to step up on trade compliance. It is about knowing your product – every component from various persepctives, knowing your supply chain (all tiers) and selecting your partner network with care.

What some traders do not know that the worst part of being non-aware of trade compliance risks is not cost related to detention and delays. It it is the liability exposure with draconic pennalties – AND the risk of being upgraded in risk management systems as higher risk level – impacting all your imports for a long time

The good news is thatctrade compliance today also is the main driver for efficency and competitiveness – your differentiator in the market.