August 14, 2024

Simply Trade [Events}: Securing the Global Supply Chain: Insights from the World BASC Organization

37 minutes

"Nobody has the resources to examine 100% of cargo. The thought of needing to do that was unrealistic, and it took time for customs and the private sector to embrace a collaborative approach."

In this episode, we sit down with Erik Moncayo, the International President of the World BASC Organization (Business Alliance for Secure Commerce), to discuss the critical role of supply chain security in international trade, importing, and exporting. BASC is a non-profit organization that works to facilitate secure and efficient trade by bridging the gap between customs agencies and the private sector.

Main Points/Takeaways:

1. The Evolution of Customs-Private Sector Collaboration

- The initial resistance and "Mexican standoff" mentality between customs and companies when trying to implement trust-based programs like FAST

- The gradual shift towards a collaborative approach, where customs and the private sector work together to secure the supply chain

2. Securing the Supply Chain in Latin America

- BASC's role in helping Latin American customs agencies build their AEO (Authorized Economic Operator) programs

- The organization's efforts to align BASC certifications with international standards like CTPAT

3. The Importance of Facility-Level Security Audits

- BASC's annual audits that require companies to conduct internal assessments of their security processes

- The analogy of "running a tight ship" to prevent and quickly identify supply chain disruptions

4. The Growing Prominence of Supply Chain Security in Academia

- The emergence of dedicated supply chain security degree programs at universities

- BASC's efforts to engage with academic institutions at their upcoming global conference

By fostering collaboration between customs agencies, the private sector, and academic institutions, the World BASC Organization plays a crucial role in strengthening the security and efficiency of global supply chains. This episode provides valuable insights for anyone involved in international trade, importing, or exporting, highlighting the importance of proactive security measures and the benefits of public-private partnerships.

Enjoy the show!

https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/

Show references:

Global Training Center - www.GlobalTrainingCenter.com

Simply Trade Podcast - twitter.com/SimplyTradePod

Erik Moncayo - https://www.linkedin.com/in/erikmoncayo1/

World BASC Organization and event registration - https://www.wbasco.org/en

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Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

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