Ghy white paper #3 presentation the role of corporate leadership 2013 (pc friendly)
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Transcript of Ghy white paper #3 presentation the role of corporate leadership 2013 (pc friendly)
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2013
INTEGRATED TRADE COMPLIANCE STRATEGIES:
THE ROLE OF CORPORATE LEADERSHIP
REYNOLD MARTENSExecutive Vice President, GHY InternationalPresident, GHY USA Inc.
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TRADE IS CHANGING THE LANDSCAPE
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1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
80
100
120
140
160
180
200
220
240
260
EXPORT VOLUME IMPORT VOLUME TOTAL TRADE
IND
EX
(1989 =
100)
TRENDLINE PROJECTION:TRADE VOLUME WILL EX-
PANDBY 1.4x TO 2020
NAFTA IMPACT ON TRADE
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CANADA’S EXPORTS AND IMPORTS
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United States49.5%
China10.8%
Mexico5.6%
Germany2.9%
Japan2.8%
United Kingdom2.3%
South Korea1.5%
France1.2%
Algeria1.2%
Italy1.1%
Other Countries21.0%
JAN-NOV 2011 IMPORTS: $409.3 BILLION
Data Source: Industry Canada, Trade Data Online, January 2012
CANADA’S INTERNATIONAL IMPORT SOURCES
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United States73.5%
United Kingdom4.3%
China3.8%
Japan2.5%South Korea
1.2%
Netherlands1.1%
Mexico1.1%
Germany0.9%France0.7%
Norway0.7%
Other Countries 10.2%
JAN-NOV 2011FOREIGN MERCHANDISE EXPORTS: $381.7 BILLION
CANADA’S INTERNATIONAL EXPORT DESTINATIONS
Data Source: Industry Canada, Trade Data Online, January 2012
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PROJECTED EXPORT MARKETS 2040
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NORTH AMERICAN SUPPLY CHAIN
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SECURIT
Y
RISK
REPORTI
N
G ERRORS
ENFO
RCEME
NT COSTS
REVEN
UE
LOSS
COMPLI
ANCE
EFFI
CIENCY
SAFETY
REVEN
UE
GENER
ATED
GLOBAL TRADE REGULATORS’ OBJECTIVES
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Global Supply Chains
Global Markets
GLOBAL TRADE COMPLEXITY
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2003 2004 2005 2006 2007 2008 2009 2010 20110
10
20
30
40
50
60
70
80
90
100
Audits
REGULATORY INTERVENTION TREND
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WHO IS AT RISK?
RISK
Low Tech/Low KnowledgeFewer/Scarcer Resources
MultitaskingTotal Trust
Customs Low Priority140,000 Small Importers
Multiple PrioritiesPurchasing/Traffic Dept.
Many TasksLow Mgmt. Buy In
High Trust/High Risk9,000 Medium Importers
High Tech/High KnowledgeCustoms Champion/Dept.
High AccountabilityRisk Mgmt. Buy In By Executive
Importer of RecordCustoms Responsibility High
Priority1,000 Large Importers
AlwaysSome
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Executive Team
CEO
Board
Efficient Profitable Competitive
Product Design
Production/Manufacturing
Global Sourcing
Supply Chain/Logistics
Shipping
Human Resources
Information Technology
Assets & Liabilities
Cash Flow Management
Regulatory Compliance
Risk Management
Financial Report
Administration
Domestic Sales
International Sales
New Export Markets
Contract Negotiations
Contract Management
Sales Administration
Marketing
CDN Customs BrokerUS Customs BrokerTrade Services
CDN AuditorsUS AuditorsLegal Services
Finance Services
SILO MODEL
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Business Operations Financial Management
Product Design/Engineering
Production/Manufacturing
Global Sourcing
Supply Chain/Logistics
Shipping
Human Resources
Information Technology
Domestic Sales
International Sales
New Export Markets
Contract Negotiations
Contract Management
Sales Administration
Marketing
Assets & Liabilities
Cash Flow Management
Regulatory Compliance
Risk Management
Financial Report
Administration
Business Development
Executive Team
CEO
Board
Efficient Profitable Competitive
MinimizeRisk
OptimizeOpportunity
Integrated InternationalTrade Strategy
Predictable Compliant Sustainable
Service Providers
·Legal ·Financial ·Trade ·Customs
INTEGRATED MODEL
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Piecemeal
Integrated Import
andExport
Integrated Import
or Export
RISK
LOW
HIGH
INTEGRATED COMPLIANCE STRATEGY
NONE FULLY INTEGRATE
D
None
INTEGRATED COMPLIANCE STRATEGY CONTINUUM
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Priority Identified by Leadership
Compliance "Champion" or
Team
KPI Development
Systems to Track and Measure
Communication and meeting protocols
Growth Plans Factor Compli-ance Variables
Service Providers are Partners
BESTPRACTIC
ELEADER
7 BEST PRACTICES OF LEADING TRADERS
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CORPORATE LEADERSHIP IDENTIFIED TRADE COMPLIANCE AS A PRIORITY
Compliance becomes part of Corporate Doctrine.
Recognized that consequences are significant and can be both Good and Bad.
Studies suggest only 40% of senior management have awareness.
1
7 BEST PRACTICES OF LEADING TRADERS
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GOVERNANCE
STRATEGY
REPUTATION
RISK INTELLIGENCE
THE ROLE OF CORPORATE LEADERSHIP
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MARKETS
SUPPLY CHAINS
COMMERCIAL
REGULATORY
BALANCE OF STRATEGY AND RISK
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SUBSIDIARIESJOINT VENTURESSUPPLY CHAINS
MARKETSCUSTOMERS
PUTTING THE PIECES TOGETHER
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BALANCE OF RISK AND OPPORTUNITY/EXPOSURE
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Business Functions
Assessment
Adaptability
Implementation
Executive Team
AlignmentRisk Intelligence
CEOAccountability
Strategy
Board AwarenessGovernance
5-A MODEL
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Business Operations Financial Management
Product Design/Engineering
Production/Manufacturing
Global Sourcing
Supply Chain/Logistics
Shipping
Human Resources
Information Technology
Domestic Sales
International Sales
New Export Markets
Contract Negotiations
Contract Management
Sales Administration
Marketing
Assets & Liabilities
Cash Flow Management
Regulatory Compliance
Risk Management
Financial Report
Administration
Business Development
Executive Team
CEO
Board
Efficient Profitable Competitive
MinimizeRisk
OptimizeOpportunity
Integrated InternationalTrade Strategy
Predictable Compliant Sustainable
Service Providers
·Legal ·Financial ·Trade ·Customs
INTEGRATED MODEL
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1. IS GLOBAL TRADE COMPLIANCE CURRENTLY A SIGNIFICANT PRIORITY FOR YOUR BOARD?
2. IS YOUR BOARD AWARE OF THE IMPLICATIONS OF ITS INTERNATIONAL TRADE ACTIVITIES AT ALL LEVELS?
3. DO YOUR STRATEGIC PLANS ROUTINELY INCORPORATE THE VARIOUS RISKS AND OPPORTUNITIES ASSOCIATED WITH GLOBALIZATION?
SIX BENCHMARKING QUESTIONS
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4. HAS A QUALIFIED INDIVIDUAL OR DEDICATED TEAM BEEN CHARGED WITH OVERSEEING TRADE RISK ASSESSMENT WITH RESPECT TO YOUR ORGANIZATION’S INTERNATIONAL SOURCING, EXPORT MARKET DEVELOPMENT, AND/OR GLOBAL SUPPLY CHAIN ACTIVITY?
5. ARE PROCEDURES IN PLACE TO TRACK, MONITOR, AND REPORT INTERNATIONAL TRADE COMPLIANCE RISK VARIABLES AT THE BOARD LEVEL?
6. IS THERE A PROCESS IN PLACE TO ANALYZE NEW GROWTH STRATEGIES IN EMERGING MARKETS AND ASSESS POTENTIAL INTERNATIONAL TRADE RISKS PRIOR TO BUSINESS DECISIONS BEING MADE?
SIX BENCHMARKING QUESTIONS
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SIX BENCHMARKING QUESTIONS
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WHITE PAPERS
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REYNOLD MARTENSExecutive Vice President, GHY InternationalPresident, GHY USA Inc.204-947-6700 [email protected]