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Compliance and Supply Chain Security
New requirements and increased enforcement. But there are benefits.
       
 

More Laws, More Regulations, More Complexity

The pace of new and changing Customs-related laws and regulations continues: The era since 9/11 has seen more activity in this regard than any other in U.S. or Canadian history. Maintaining compliance in the face of such complexity has never been so challenging.

If your company imports or exports goods, you are on Customs' radar. Regardless of your revenues or geographic location. So if you are concerned about whether you're meeting all your customs liabilities and obligations, you're not alone. In a recent survey, one-third of respondents noted that ongoing risks related to trade and customs, export/import issues and legal/regulatory compliance are high priority areas for their businesses.

Increased Enforcement, at the Border and in your Offices

Both Canadian and U.S. governments have also increased the number of Customs officers at border points, and for corporate verifications both behind the scenes and on-site. With more staff, new screening technologies, enhanced intelligence networks, and electronic data Customs has increased its capacity to examine shipments and conduct compliance verifications and audits.

For companies of all sizes, ensuring compliance and avoiding escalating penalties and sanctions is knowledge and resource intensive.

Good Compliance helps improve Supply Chain Visibility

Companies who are paying more attention to compliance say it complements their recent decisions to place greater emphasis on supply chain visibility. (Studies that show greater supply chain visibility helps lower costs by providing greater control over transportation and logistics activities.)

And opens the door to restricted Customs programs

A good compliance record can lead to tangible benefits beyond the benefits of a well-run operation and penalty prevention. It provides access to restricted Customs programs. Certification or membership in these programs offer benefits ranging from faster release and fewer inspections to simplified reporting and self-conducted compliance verifications.

The results are lower freight and product costs, predictably reduced transit time, and significantly improved supply chain visibility.

How MSR eCustoms can help

In record time, MSR eCustoms services, knowledge and technologies add efficiencies, increase security and compliance, and save money. Services are delivered by our customs professionals, business process experts, and systems specialists. Clients find the results self-sustaining, and self-funding.

Compliance Assurance

With 28 years of experience with U.S. and Canadian Customs regulatory compliance, professional services include:

  • Voluntary disclosures.
  • Penalty redress and relief.
  • Import and export compliance reviews and risk assessment.
  • Customs audit assistance and representation before customs authorities.
  • Process improvement design and implementation.
  • Implementation of systems and technology solutions.

Strategic Customs Programs

MSR eCustoms professionals know the best routes to the most useful Customs programs. They can also provide systems and technologies to bring you the benefits and opportunities these programs provide:

 

SUCCESS STORIES

"MSR eCustoms solutions strong and effective capabilities combined with a user-friendly platform are important features of a compliance solution today because regulatory requirements in the foreseeable future will remain extremely tight. That means we must remain vigilant. In turn, that means we need a system that is both watertight and user-friendly as well as being able to meet internal and external reporting requirements."

Coherent Inc.

         

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