Trade Compliance and Export Control are not just buzzwords in global supply chain. They represent significant risks. Breach of trade rules and regulations can have serious ramifications for businesses, ranging from mere fines to loss of contract, not to mention loss of reputation, and even bankruptcy if the breach should result in long-lasting and costly legal litigations. Consequently, knowing the risks and their impacts is important for any company involved in global trade and that is the topic of the latest webinar by WTG, Global Risk and Compliance – Are you protected?, presented by Neill Cooke, Ethics and Compliance Manager at UK-based IMI plc. Using practical examples, this webinar will outline various risks and their consequences for international companies, and I for one look forward to listening and watching this webinar.
Another WTG webinar
I like the WTG webinars, since they usually are presented by knowledgeable industry professional, who know field and know how to get the message across. This is not the first trade compliance webinar from WTG to make it onto this blog. A month ago I blogged about a German webinar on Management von Trade Compliance und Exportkontrollrisiken, so apparently this is a hot issue. If you don’t have the time for the webinar, I suggest you get hold of a copy of the Gower Short Guide to Customs Risk, perhaps one of the best handbooks on how to make supply chains cross borders effortlessly (almost). For more on the challenges in global supply chains, this post on the drivers of change in cross-border supply chains may also be of interest.
WTG on Demand
The good thing about WTG is that most of their webinars are made available on demand after they have been broadcast, so even if you’ve missed one, you can still watch it later, when you have the time: WTG On Demand.
Key learnings of this session
- Risks and consequences of trade compliance and export control for globally active companies
- Impact on the strategic and operational processes within the supply chain
- System support of global operational control processes
- Key characteristics of an effective export control process
- How to efficiently implement a global restricted party screening solution
Link
- wtgwebinar.com: Global Risk and Compliance
Related post
- husdal.com: Customs risks
- husdal.com: Cross-border supply chains
