GLOBAL TRADE MANAGEMENT
Experts from The Hackett Group , Gartner and McKinsey discuss global trade management in today ’ s supply chain post-COVID-19
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These days , having real-time visibility in the supply chain is essential .
Due to the speed in which technology is being adopted in the industry , organisations without global trade management systems are few and far between . A company that utilises a global trade management system can expect to cut costs , risks and delays associated with manual compliance and tracking efforts . This includes the efforts that are generated by such a system that can easily pass the audit of a government or external agency .
Josh Nelson , Associate Principal , Strategy & Transformation at The Hackett Group , believes that any organisation with a global supply base can benefit from global trade management systems due to the number of permutations between the global supply chain and tariff laws . “ Global trade management provides an organisation with consistency and is incredibly valuable ,” explains Nelson . “ For example , in the produce industry , produce is grown in one area and then shipped worldwide based on the
AUGUST 2020