The AberdeenGroup has come out with a brand new report, which will be available for free for a limited time –
For this research report, Aberdeen surveyed 136 global exporters and importers in August and September of this year.
Their findings revealed that trade compliance teams are actively revamping and augmenting their Global Trade Management (GTM), specifically their Global Trade Compliance programs, to stay current with supply and demand fluctuations, growing global operations, increasing operational complexity and risk, and trade lane changes.
Here are a few key findings in the report:
- Best-in-Class companies had 8.2% in average trade compliance cost to value ratio
- Best-in-Class companies achieved 95.0% perfect order rate received on imports received from international suppliers
- Best-in-Class companies experienced 96.0% for perfect order rate delivered on exports to international suppliers/customers
- Best-in-Class companies improved their average trade compliance cost to value ratio by 1.4% improvement, year over year
- Best-in-Class companies increased their total land cost per unit handled versus prior year by 0.6%, a 5.5 percentage point