TRADE COMPLIANCE

Global supply chains bring increased regulatory complexity. To keep materials and finished goods flowing smoothly across international borders, companies must be able to demonstrate compliance with numerous national and regional rules and codes of practice. And responsibility for trade compliance extends beyond the organization to encompass the activities of its complete supply base too.

Manage regulatory compliance across extended supply networks

Around the world, governments, border security services and customs authorities must balance the need for free-flowing international trade with the trade compliance requirements needed to protect themselves and their citizens from the risks of terrorism, smuggling and economic crime. They ask companies involved in the cross-border movement of goods to play their part in these efforts through a variety of enforcement mechanisms and voluntary schemes.

In the US, for example, the Customs-Trade Partnership Against Terrorism (C-TPAT) is a voluntary, incentive based partnership between the U.S. government and the private sector. C-TPAT offers participants several benefits, including reduced inspections and penalties. In many areas of the world, companies can apply for Authorized Economic Operator (AEO) status, which offers faster, simpler customs and security processes if they can demonstrate effective supply chain security and efficient customs processes and procedures.

Trade compliance doesn’t just mean companies have to ensure that their own processes are robust and well-documented. It also requires them to understand and manage compliance throughout their overseas supply chains. In today’s complex, multi-tiered supply networks, that can be an expensive and difficult activity.

DHL Resilience360 provides the ideal platform for organizations seeking to improve visibility of their international trade links, understand the associated risks and ensure compliance across extended supply chains.

Build a full picture of your multi-tiered international supply network, including supplier sites, storage locations and transport links.
Target risk assessment efforts with a robust, detailed measure of external supply chain risks across those networks, including crime, terrorism and corruption.
Understand and control internal risks with streamlined mechanisms to collect data on suppliers’ processes and standards.
Stay ahead of evolving compliance risks with network-wide real time incident monitoring.

RELEVANT PRODUCTS