Don’t overlook compliance
Remember, every country has unique rules and regulatory requirements. Many shipments require approval by multiple government authorities e.g. in the US - FDA and EPA, in addition to customs. Companies must be certain they’re following the compliance regulations related to licenses and documentation required by all local government agencies (e.g., food, drugs, agriculture, sustainability, etc.). Trade management consultants are experts on what’s needed for specific countries and can support importers to understand these requirements. There is a lot at risk when things don’t go as planned.
For example, a premium air freight shipment will always require extra urgency for clearance. Aside from the obvious need for the product ASAP by the consignee, delays at the border can include additional storage and detention costs. This only serves to add expense and time to an already costly and urgent delivery. Companies may also face other financial and/or reputational damages as non-compliance and delays in the supply chain can lead to unhappy customers, factory shutdowns or even court cases in worst-case scenario.
Trade management advisors can help to provide the most accurate HS code and advise on regulatory requirements expeditiously, while the customs broker will perform the declaration efficiently so as not to hold up the shipment at Customs. Both roles are equally important in ensuring your supply chain runs smoothly.
