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.