2016 Global Trade Management SurveyWhat’s on the minds of trade professionals around the world?

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Global Trade Dynamics, Trends and Opportunities

In association with KPMG LLC, Thomson Reuters conducted a survey of over 1,700 trade professionals from across 30 countries in a wide range of industries to gain new insight into the operational practices, risks, and challenges affecting global trade departments today. We sought to uncover the dynamics, trends, and growth opportunities at a regional level as well as globally.

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Key Takeaways

The annual 2016 Thomson Reuters and KPMG Global Trade Management Survey revealed that while trade and supply chain departments worldwide are trying to keep up with the pace of change, the majority are still missing the systems and processes they need to thrive in this rapidly changing world.

The survey results revealed six key takeaways:

View an introduction to the survey findings. (3:05) Listen to Taneli Ruda Managing Director of ONESOURCE Global Trade and Doug Zuvich, Partner and Global Practice Leader, Trade and Customs at KPMG LLP on their take on this year’s survey report findings and how the landscape has shifted over the past year.
  • Manual Processes Tie Up Resources
  • Lack of Automation
  • FTA Underutilization
  • Classification Complexity
  • Centralization of Trade Processes
  • Transfer Pricing and Customs Valuation

Regional Snapshot

Trade Professionals Expect More Complexity

Navigating through complex and changing regulatory requirements is a top challenge for companies worldwide. Trade professionals across all regions expect the global trade landscape to become more complex in the next 3 to 5 years.

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All
  • All
  • ASIA
  • NA
  • EUR
  • LATAM

Industry Snapshot

Top Risks

The survey revealed product import classification, import valuation, import documentation and licensing, and transfer pricing are the top areas of perceived risk across industries.

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Industry


Automotive
  1. Product import classification
  2. Import documentation and licensing
  3. Import valuation

Chemicals
  1. Import valuation
  2. Import documentation and licensing
  3. Transfer pricing

Electronics
  1. Import valuation
  2. Transfer pricing
  3. Product import classification

Food and Beverage
  1. Import valuation
  2. Import documentation and licensing
  3. Transfer pricing

Heavy Machinery and Equipment
  1. Transfer pricing
  2. Product export classifications
  3. Import documentation and licensing

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