KEWILL RELEASES STUDY ON GLOBAL TRADE MANAGEMENT BEST PRACTICES
Essential Report Uncovers Lack of Transformation in Global Trade in Spite of Pending Export Control Reform
October 25, 2011 - Chelmsford, MA. - Kewill (LSE: KWL), a leading provider of solutions that accelerate global trade and logistics, announced the availability of “2011 Best Practices Survey for Global Trade Management”. Kewill surveyed over 800 logistics professionals and executives for its latest report. The vast majority of respondents to this year’s survey export products internationally providing our survey with a truly global perspective. Survey participants revealed their challenges and strategies in global trade management.
This whitepaper is our second annual review of the state of global trade management, which also highlights key trends and industry best practices. The findings of the survey are detailed in a whitepaper to download this informative whitepaper please visit:
http://www.kewill.com/lc/GTMBestPractices.
Key findings from the report include:
- The majority of survey respondents export from North America,Europeand Asia Pacific. Almost 40 percent export from South/Central America and the Caribbean, and just 33 percent export from the Middle East andAfrica.
- Seventy-three percent of respondents continue to manage trade compliance centrally from the United States (U.S.) and only 27 percent manage trade compliance within each region. This was the same as 2010.
- Companies need to be prepared for a potential increase inU.S.exports, should export control reform (“ECR”) be successful.
- Automation is an essential tool in reducing cost and mitigating regulatory threats to your supply chain. Automation frees up compliance resources allowing them to focus on complex tasks such as corporate strategy, training and audit. And automation is needed to ensure scalable daily execution at an acceptable cost.
- Seventy-three percent of respondents stated they still had completely manual or semi-automated processes for preparing export documentation.
- Surprisingly, despite the risk of fines/penalties roughly 20 percent of respondents export without screening for restricted/denied parties and embargoed countries.
Supporting Quotes:
- “We’re finding over and over again that GTM systems are a strategic risk mitigation tool and the majority of exporters see them as an essential component of their global strategy”, according to Beth Peterson, president, BPE.”
- “This report is a must read for organizations and logistics professionals looking to align their export practices with best-in-class operations and better understand the importance of GTM on your company’s profitability and to stay current with increasing shifts in regulations,” said Alan Gold, vice president of marketing and business development for Kewill Inc.
- “Enterprises and individuals should prepare for unannounced shifts in enforcement emphasis and ever-tightening regulations. Essentially, the heat can be turned up or down at will by executive fiat (for example, through the granting of "humanitarian exemptions"), without legislative or judicial input, as a way of fine-tuning government pressure on a foreign entity. Additionally, any act of terrorism or instability has the potential to elevate the criticality or magnitude of certain compliance requirements,” writes Dwight Klappich, Analyst for Gartner in Hype Cycle for Transportation, 2011, July 26, 2011.
To be included in the 2012 Best Practices Survey for Global Trade Management, please send an email to: info@kewill.com.
About Kewill Plc
Kewill delivers solutions that accelerate global trade and logistics.
Our software solutions and deep domain knowledge enable our customers to drive revenue growth and measurable cost savings.
A global company, Kewill provides software that accelerates customs and forwarding, transportation & logistics, and eCommerce & B2B integration. All of our solutions and people are focused on increasing the speed of global trade for our customers.
Since 1972, Kewill has delivered global trade and logistics solutions to the most sophisticated companies in the world. Over 7,000 companies use Kewill solutions including Bayer, Ingersoll Rand, DHL, UPS, TNT, Toll, Hankyu Hanshin, Scott’s & Co.,Hitachi, WaverleyTBS, Mothercare, Black & Decker and Damco.
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About Kewill Plc
Kewill delivers solutions that accelerate global trade and logistics.
Our software solutions and deep domain knowledge enable our customers to drive revenue growth and measurable cost savings.
A global company, Kewill provides software that accelerates customs and forwarding, transportation & logistics, and eCommerce & B2B integration. All of our solutions and people are focused on increasing the speed of global trade for our customers.
Since 1972, Kewill has delivered global trade and logistics solutions to the most sophisticated companies in the world. Over 7,000 companies use Kewill solutions including Bayer, Ingersoll Rand, DHL, UPS, TNT, Toll, Hankyu Hanshin, Scott’s & Co.,Hitachi, WaverleyTBS, Mothercare, Black & Decker and Damco.
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