Survey: Nearly Half of Companies Outsource Compliance
Nearly half (45 percent) of the supply chain professionals recently surveyed by global logistics firm BDP International and its Centrx consulting unit indicated they are supporting their internal regulatory compliance departments with external resources. Not surprisingly, the need for supplemental compliance services was especially pronounced for companies with under $1 billion in annual revenues and for those doing business in emerging markets.
Growing concerns over environmental and safety issues have created a complicated tangle of trade and security programs that now impact importers, exporters and essentially, all stages of product manufacture and distribution. Compliance with new regulations such as the EU REACH and U.S. Importer’s Security Filing 10+2 programs can be both complex and costly, and findings from the survey suggest that companies typically deal with product-related regulations such as registration, labeling and marked, themselves, while outsourcing compliance for product movement.
Here are a few more survey results I found particularly intriguing: Continue Reading »









