The importance of trade compliance training
The benefits of actively focusing on training
Multinational companies are not investing in trade compliance training for their employees, even as organizations and individuals that fail to comply with trade regulations face substantial penalties. Amber Road’s Global Trade Academy conducted a survey to better understand the trade compliance programs and training needs of companies engaged in international commerce and trade across a wide range of industries.
Of the 322 executives from 312 U.S.-based companies surveyed, 56% of the respondents stated their organization is not investing in trade compliance training, even though 28% of all these companies have been fined or warned by government agencies for noncompliance.