10 Ways to Optimize Your Trade Compliance Program

Understand tariff impact on your supply chain

With a new Biden administration and rapidly evolving global trade economy, it is an opportune time for businesses to review and refresh existing international trade strategies.

Businesses should understand their global duty spend also known as total tariff liability. Total tariff liability involves more than calculating the total sum of duties owed to customs authorities; it includes understanding your company’s exposure to tariffs throughout the entire supply chain. This means knowing which products and services are impacted by tariffs and by how much.

With the right strategies in place, businesses can address immediate disruptions, mitigate risk, lower cost, and support long-term growth. Check out our top 10 recommendations below, and download the full report for more guidance from BDO’s Customs and International Trade team.