On this, the final segment of our conversation with Jackson Wood of Descartes, we discuss the need for a collaborative, cross-functional approach to effectively manage global trade compliance and supply chain risks. Representatives from procurement, logistics, and compliance must work together using the right tools and data to gain strategic insights. New technologies can help streamline processes and empower teams to focus on analysis rather than transactional tasks.

Main Points

- The importance of bringing together procurement, logistics, and compliance teams to holistically evaluate supply chain options and risks

- How assessing the current supply chain baseline is critical before conducting "what if" scenario planning for geopolitical disruptions

- Leveraging trade data and tools in a collaborative workflow to identify alternative sourcing options and evaluate regulatory, cost, and resiliency factors

- Examples of how automation can reduce operational burdens for compliance teams and allow them to spend more time on strategic issues and education

- Tips for international companies on strengthening global supply chain resilience through accurate risk exposure mapping and continuous monitoring of changing trade conditions

- The role of strategic sourcing in preparing for potential supply chain disruptions from geopolitical tensions and considering "what if" scenarios

- Advice on taking initial steps to evaluate needs and opportunities before investing in trade management technology solutions

Find on on YouTube: https://www.youtube.com/@SimplyTradePod 

Enjoy the show!

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

Show references:

Global Training Center - www.GlobalTrainingCenter.com

Simply Trade Podcast - twitter.com/SimplyTradePod 

Jackson Wood - https://www.linkedin.com/in/jacksondavidwood/  

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