BOSTON, MA, Apr 08 (MARKET WIRE) --
A new research study, "Global Trade Compliance Priorities in 2008," examines
trade
compliance practices and strategic initiatives of 340 global exporters and
importers. The report, announced by Aberdeen, a Harte-Hanks Company (NYSE:
HHS), reveals that 74% of all companies (and 94% of the Best-in-Class) are
currently in the process of improving their global trade compliance
practices, with an additional 21% planning to begin improvements in 2008.
Viktoriya Sadlovska, a research analyst at Aberdeen who authored the report,
notes that, "In the past 5 years, significant changes have begun to occur in
the way global companies handle trade compliance: as our study shows, global
trade compliance is now being transformed from a back-office, often neglected,
function, to being the focus of strategic corporate-wide initiatives." The key
organizational strategies to support these initiatives include instituting a
centralized organization to manage global trade compliance, securing executive
management's support and the increased role of trade compliance departments. The
Best-in-Class trade compliance departments prove to be more effective in
attracting
executive attention to their compliance transformation initiatives.
Best-in-Class companies in this study (compared to Laggards) are, among
other
strategies:
-- About 50% more likely to have the ability to access timely information
on the latest trade regulations updates (e.g. restricted / denied parties)
-- 80% more likely to centralize global trade compliance at the
enterprise level and 57% more likely to involve executive management in
global trade compliance initiatives
-- Almost 80% more likely to have automated communication / document
exchange with forwarders / 3PLs
-- Three times as likely to use automated analytics tools for export /
import transactions (reports, statistics, scenario analysis, etc.)
Enhanced process visibility, better access to trade regulations data,
centralized trade compliance organization, executive management support,
streamlined processes and the introduction of certain technologies all
contribute to improved performance. As a result, Best-in-Class companies
inthis study are twice as likely as Industry Average and 4.7 times as likely as
Laggards to have decreased the number of supply chain disruptions due to
trade compliance errors over the past year. This helps Best-in-Class companies
to both
make their global supply chains more secure and improve their business
reputation.
A complimentary copy of this report is made available due in part to the
following underwriters: Integration Point and Management Dynamics. To obtain
a complimentary copy of the report, visit:
http://www.aberdeen.com/link/sponsor.asp?cid=4636.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market
intelligence
that delivers demonstrable results. Having benchmarked more than 30,000
companies in the past two years, Aberdeen is uniquely positioned to educate
users
to action: driving market awareness, creating demand, enabling sales, and
delivering meaningful return-on-investment analysis. As the trusted advisor to
the global
technology markets, corporations turn to Aberdeen(TM) for insights that drive
decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in
context for the global direct and targeted marketing company. Aberdeen's
analytical
and independent view of the "customer optimization" process of Harte-Hanks
(Information - Opportunity - Insight - Engagement - Interaction) extends
the client value and accentuates the strategic role Harte-Hanks brings to the
market. For additional information, visit Aberdeen http://www.aberdeen.com or
call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748
or go to http://www.harte-hanks.com.
Copyright 2008 Aberdeen Group, Inc., a Harte-Hanks Company
260 Franklin Street
Boston, Massachusetts 02110-3112
Telephone: (617) 723-7890
Fax: (617) 723-7897
www.aberdeen.com
Media Contact:
Viktoriya Sadlovska
Aberdeen Harte-Hanks
(617) 854-5239
viktoriya.sadlovska@aberdeen.com
Copyright 2008, Market Wire, All rights reserved.
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