As trading has become increasingly global, modern supply chains have been encompassing an ever growing network of third parties across the globe — each with differing business policies and procedures.
The chief executive officer of the world’s biggest container shipping company says trade relations between Europe and the U.S. will probably become more “collaborative” under the presidency of Joe Biden.
Bill DeMartino, managing director for the Americas with Riskmethods, discusses how the coronavirus pandemic is impacting risk-management strategies, and whether companies were ready for the disruption that it has caused.
Daniel Hartnett, associate managing director of the Compliance Risk & Diligence Practice of Kroll, advises on the steps that pharmaceutical companies should take to reduce the risk of dealing with third parties, as they develop a COVID-19 vaccine.
A recent dispute between an importer and U.S. Customs and Border Protection (CBP) serves as a stark reminder that the “substantial transformation” test used to determine the country of origin of imported goods is far from straightforward.
British businesses are racing to secure extra storage space as the risk that the country leaves the single market at the end of the year without a trade deal threatens their supply chains.