Challenge: A fragrance and flavor company wanted to create a foreign trade zone (FTZ) in which it could perform both manufacturing and distribution functions. Due to its many product formulations — and ingredients coming from the U.S. and around the world — tracking inventory was complex. Some incoming ingredients also skipped manufacturing and were sold raw.
Challenge: Since February 2018, the cost of duties for U.S.-China operations has substantially grown. There are now $550 billion in tariffs applied exclusively to Chinese imports, while China has imposed $185 billion on U.S. goods.
Political turmoil in the United Kingdom over the terms of the country’s withdrawal from the European Union — Brexit — has injected great uncertainty into the plans of companies doing business there. U.S. retailers distributing throughout the EU from the U.K. are especially affected.
Wednesday, October 30, 2019 12:00 to Thursday, January 30, 2020 12:00
DATE: Wednesday, October 30, 2019 TIME: 1:00 PM CT
Today’s Procurement leaders are challenged when it comes to associating people with businesses. To understand the risk involved with any given organization, it’s critical to have a view into the Ultimate Beneficial Ownership (UBO).
Researching and documenting the full ownership of your suppliers can be a manual and time consuming process. Dun & Bradstreet, the trusted source of insight on B2B relationships and corporate hierarchies understands the challenge to get deeper understanding of business ownership.
Join us for this free webinar to learn about:
The evolution of UBO
Current strategies in screening and onboarding
Various use cases for a better understanding of UBO relationships.