Global Trade Management is the practice of streamlining the entire lifecycle of global trade with the end goal of improving your cash flow.
The term “compliance” gets thrown around often in the global trade management world; however, few entities take the time to understand how global trade compliance affects daily operations.
Complying to the rules and regulations in one jurisdiction can vary dramatically from compliance to local statutes in another. Unfortunately, globalization within the supply chain has led to even more complex and esoteric factors to consider, in global trade compliance terms, thus ultimately ensuring compliance to all rules and regulations near-impossible; however, compliance must be present in all aspects of your supply chain.
As your world grows, so too have the opportunities for risk. Prior to engaging in international trade, management must ensure all global trade management expectations are meet for all political and geographic areas. This requires extensive research and monitoring of political climates on a global scale… daily… Unfortunately, small to medium, if not some large, businesses rarely have the resources necessary to ensure adherence to international trade laws. Furthermore, political actions in one country can directly impact how business is conducted with another country.
So where do you find relief? Is it with someone who holds 2-3 years-experience?
What's a partner really got to have?
1. Reliability. It isn’t enough to mean well, to want to be top-notch; hope is not a business model.
2. Excellence. Their motto should be: we do everything with excellence.
3. Value. Qualitatively and quantitatively, what does your potential partner bring to the relationship?
4. Expertise. If your partner doesn’t know your business as well as you, should he or she be your partner?
5. Problem-solving skills. You need a take-charge partner, not one looking to you for the answers.
6. Continuous improvement. Your partner must value ongoing education for his/her team.
7. Support. What after-sales or post-implementation support is your partner able and willing to give?
8. Positive attitude. You need a partner who sees challenges as opportunities.
9. Global reach. Does your partner’s reach match yours? Stay-at-home partners need not apply.
10. Strong leadership. Is your partner reading the manual on leadership — or writing one?
Maple Creek employs a forensic, hands-on, comprehensive approach which provides you the opportunity to anticipate legal issues before they become an issue. Global trade compliance is strategic.
Can Trade Compliance Create Return On Investment?