Supply chains are running at full steam trying to catch-up and fulfill the demands of the new consumer. Meanwhile, in other areas of the world, the economy is taking a hit from obstacles that hinder open commerce and trade. Protectionist trade policies are causing companies to shift their country sourcing practices. To help keep things moving and visible, companies are also modifying their investments in automation and technology. Moreover, there is no reason to believe that we will see geopolitical posturing along the trade front fade in the near future. The issues of labor and transportation costs, along with capacity, will beleaguer everyone from the supply chain manager to the CFO. Through it all, the consumer will be the proverbial tail wagging the dog.
The new normal in global trade policy is a stormy environment that is highly unpredictable. Supply chain managers need to put in place proactive measures to keep supply chains safe or become a casualty.
The only way companies will be able to effectively brace against these changes is to set up proactive measures. The recently published eBook, Weathering the Trade Policy Storm: Trade Content is Key, outlines what you need to know about what kind of volatility is coming, and what you need to do to seek shelter, including:
- Geopolitical changes that are stirring up shifts in policy
- Trade walls and protectionist policies
- New and changing trade sanctions
Trade policy storms are not going to be going away any time soon, so having the right technology to protect your company is going to be critical to standing strong against the winds of change.
E2open provides the industry’s most comprehensive database of government regulations and international business rules. We call our trade content Global Knowledge. It powers our global trade management (GTM) applications by fully supporting import, export and logistics processes with the most current data available anywhere. The added value of rich trade content is how it seamlessly integrates with automated import/export applications. By combining content with an on-demand platform for global trade execution, companies can realize productivity gains from streamlining the trade compliance side of their operations.
Please CLICK HERE to download the white paper.