While there were not any earth shattering regulatory changes that occured, some of the new policies introduced by the Trump administration did change how we looked at and managed some of the current processes. These updates caused us to take a closer look at how data is managed along with the necessary documents that are essential for managing your risks and predictability in the world of trade.
So what should a company do to prepare for managing a successful supply chain in 2018? In today’s world where data travels at lightning speed and customers demand a new caliber of service, information is power.
In the past, if companies knew what they needed to do, they had the full advantage. But in this ever-evolving world, information is readily available to almost everyone. Therefore the advantage will be given to those who not only have the best understanding of what the information means, but also the optimal way to implement it.
In order for your business to have the full advantage, you need a robust supply chain and a detailed regulatory compliance plan. BDP International will host our 29th annual Regulatory Compliance Seminar in February, where we will outline and discuss best practices to ensure your knowledge currency multiplies.