Compliance and awareness avoiding disruptions in the supply chain
When doing business and performing international transactions, companies have to comply with the applicable customs legislation to correctly perform their customs formalities.
However, there is more the companies should think about. Companies need to have processes and procedures in place to be compliant with the legislation on export controls. These procedures have to be in place from the first stage of the process (finding a client and signing a contract) to the last step of the supply chain (goods exported and shipped to customers).
Export control compliance is not only a matter of responsibility of the company but also an improvement of the supply chain since it helps to avoid unnecessary disruptions. If compliance with export controls is ascertained in advance, the goods are less likely to be retained for checks by Customs as well as the transactions to be blocked by financial institutions.
Compliance can be achieved by means of adopting Standard Operating Procedures for export controls, where awareness among management and the employees must be raised with appropriate training.