Design Con 2015

Getting on Top of Customs Compliance in a Global Economy

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Hailey Lynne McKeefry
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Re: Local intelligence
Hailey Lynne McKeefry   10/31/2014 7:10:17 PM
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In the right kind of acquisition, the employees can be the biggest asset being acquired. Too often organizations see people as expendable. You both put forth good arguments for employee retention, though. thanks!

Hailey Lynne McKeefry
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Re: Trading across globe
Hailey Lynne McKeefry   10/31/2014 7:09:03 PM
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@Jacob, and as the saying goes "Ignorance of the law is now excuse." Not only are there many countries, but each is constantly shifting and changing its policies. It's a tall order.

TaimoorZ
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Supply Network Guru
Re: Local intelligence
TaimoorZ   10/31/2014 6:34:12 PM
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@prabhakar: From what I've seen, most multinational companies are reluctant to comply with the ways things work in developing markets such as India and China. You need strong connections with the officials and sometimes kickbacks are a norm to get customs clearance etc. Because of their strict ethical practices, most multinations refrain from doing that and hence they have to suffer.

Mary E. Shacklett
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Re: Local intelligence
Mary E. Shacklett   10/30/2014 11:43:08 AM
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Absolutely!

Maintaining goodwill is another reason to hold onto employees.

prabhakar_deosthali
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Supply Network Guru
Local intelligence
prabhakar_deosthali   10/30/2014 3:13:44 AM
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In case of the take overs  if the companies retain the local manpower which has the knowledge of their countries Customs compliance requirements , then it will become easy for the new management to modify the supply chain systems suitably .

Jacob
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Supply Network Guru
Trading across globe
Jacob   10/30/2014 1:05:56 AM
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"Electronics companies provide products to hundreds of countries, and they acquire companies in many different countries. However, in an era of heightened security and trade risk, individual countries are developing their own customs and compliance standards, which can be expensive and difficult to navigate if you have a global presence"

Mary, you are right especially you have presence in multiple countries. In each country governments laws and trade policies may be different from one another. I know in certain countries, you have to disclosure the ingredients and constitute materials to public and government authorities for a prior approval.



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