TradeLane

As our Vice President Michael Bellezza spoke about on June 26^th, the pace of change in trade compliance regulations and requirements has never been swifter than in the past five years.

The United States market is not unique in grappling with these regulatory challenges. However, the formality with which US Customs & Border Protection, the US Bureau of Industry and Security, and other relevant government agencies enforce regulations, combined with the market size and trade volumes most US-based customers must manage, make this a jurisdiction where strategy and forethought are especially key to ensure trade compliance departments meet their goals.

Global trade regulations have never been more complicated or unpredictable, and compliance mistakes are more costly than ever.

Despite a somewhat sluggish global trade climate, Tradewin keeps growing! As international trade law and associated regulations change, the need for trade compliance and advisory services continues to increase at individual companies, as well as at an industry level. Tradewin will continue to invest in our network and facilities where our clients need us most.

The pace of change and increasing complexity in international trade has continued to gather speed and momentum as we get further into 2023 and shows little signs of abating. While, in some cases, the volume of goods crossing borders has stabilized, the regulatory intricacies of maintaining a resilient supply chain have grown exponentially for both customers and service providers.

The last several years have shown a spotlight across organizations on the importance of investing in and maintaining a sound trade compliance program. From additional tariffs on Chinese-origin products, to ever-expanding sanctions resulting from the conflict between Russia and Ukraine, to regulatory and procedural changes worldwide, companies continue to invest in their compliance operations to manage their risk and pursue duty savings opportunities.