Industry insights

Export Compliance in 2016

October 3rd, 2016, Posted in News

In this year’s American Shipper research about Exporters the findings are in line with last year. Shippers’ primary export concern is the rising cost of compliance. Low staffing levels relative to volume is the second biggest concern, 3 places up from last year. Carrier capacity, which has been a focus this year, has moved from a minimal concern to become the third greatest concern.

On the other side, less than a 30% of respondents believe export compliance must play an important role in new business opportunities. This seems to be a challenging area for employees in compliance roles. Unsurprisingly companies are increasingly reliant on ROI determination, business cases, and hard data. Trade compliance teams need to spell out the worth of their involvement in these decisions.

Additionally export practitioners need to continue to try to shift the perception that export compliance is operational, to showing how export compliance is truly strategic.

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