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ARTICLE · 23 APRIL 2020

COVID-19 Impact: Trade & Customs And Supply Chain Guidance

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The impact of COVID-19 has cut across many aspects of international trade, including supply chain management, manufacturing, importing, exporting, customs, and logistics.

CanadaCoronavirus (COVID-19)
Brenda C. Swick
Brenda C. Swick
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The impact of COVID-19 has cut across many aspects of international trade, including supply chain management, manufacturing, importing, exporting, customs, and logistics.

Importance of Trade Compliance During Changing Supply Chains

COVID-19 is forcing companies to question the ability of their supply chains to effectively and reliably respond to rapidly evolving risk factors. Changing suppliers, logistics, and revising sourcing will become more prevalent as companies seek to secure their chains.

It is important that these changes do not cause inadvertent compliance issues, violations, or penalties going forward. No organization wants to redesign their business activities and incur related costs and disruption only to find out later that the changes are in violation of customs, sanctions, export control, or other trade laws. It is critical to ensure trade compliance in making these changes.

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