As businesses today expand globally, global trade compliance is being transformed from a back-office function to a top priority of international corporations. As this metamorphosis takes place, trade compliance departments have begun to behave more strategically. This report from Aberdeen examines compliance practices and initiatives of 340 exporters and importers.

• Best-in-Class companies have a one percentage point advantage over their peers in annual trade compliance costs as a percent of total global trade costs.

• Best-in-Class companies are twice as likely as the industry average to have decreased the number of supply chain disruptions due to trade compliance errors over the past year.

• Best-in-Class companies are 50% more likely than laggards to have the ability to access timely information on the latest trade regulations updates.

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