Preparing for New Trade Regulations

Major trade regulation changes are affecting the global supply chain, unprecedented in both number and magnitude. Although the changes impact some industries more than others, every company that imports into, or exports from, the United States or Canada will be affected. The majority of the regulations require new licensing, while others mandate significant software updates. Although it will be costly to comply with these changes, not properly preparing can lead to hefty fines and penalties at or after a border crossing.

To maintain your hard-earned profit margin, you should know about and prepare for the following changes now.

This has been excerpted from a May 2014 commentary by Matt Goodman of inbound logistics and is available in its entirety at:
http://www.inboundlogistics.com/cms/article/preparing-for-new-trade-regulations/