Remove Analysis Remove Asset Control Remove Compliance
article thumbnail

The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

The global trade compliance market is one crazy market. The market grew by double digits year over year, yet there is no standard user and consequently there is no common understanding of what the end-to-end global trade compliance process should be. At SAP their solution is developed by their governance risk and compliance team.

article thumbnail

The Digital Supply Chain Needs to Include Trade Compliance Systems!

Logistics Viewpoints

And yet Jerry Peck, the vice president of product strategy for global trade and transportation execution at QAD, made the point that when global companies think about digital supply chains, global trade compliance is often not part of their thinking. Global trade compliance really needs to be part of companies strategic sourcing programs.

article thumbnail

How sanctions affect shipping companies and trade

Shipping and Freight Resource

In the US there is a special body responsible for control over the above issue: Office of Foreign Assets Control of the US Treasury Department (OFAC). A certain list of entities being subject to sanctions (SDN List) is officially published at the OFAC website.