The field of customs is transforming and gaining strategic importance.
Legislation such as the CBAM, the Forced Labour Act, and the EUDR is broadening the range of data that customs professionals must manage. This shift is transformational, and businesses will need to adapt to leverage these changes as a strategic advantage.
This brief provides insights into:
Why CFOs have become interested in customs matters
New legislation is expanding the scope of data which customs professionals need to consider. Consequently, customs will increasingly sway strategy, involving key stakeholders such as CFOs.
The challenges of transitioning to the new normal of customs
One of the primary challenges is redefining ownership of customs-related decisions. Trade and compliance professionals often find themselves navigating uncharted territory, as decisions now require input from suppliers, procurement and sustainability stakeholders.
Making customs data work in your favour
There are essential strategies that businesses can adopt to better prepare for the reality of operating global supply chains in a fluid customs environment.
