In this episode of Leonid's Live Lounge, Jamie Browne welcomes Dr Ted Ganten, the Global Head of Export Control and Customs at Siemens Healthineers, and the duo discuss the evolving landscape of global trade compliance amidst geopolitical tensions.
Ted highlights the need to adapt trade compliance roles to meet organisational goals. They explore the most pressing challenges faced by trade compliance professionals today, the vital role of data analytics, and the importance of building resilient and engaged teams in navigating the complexities of international trade.
Key takeaways
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Global trade compliance is becoming increasingly strategic and impactful.
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Export controls are integral to understanding trade wars.
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Organisations must adapt their trade compliance roles to fit current geopolitical realities.
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Data analytics are essential for effective trade compliance management.
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Country of origin will play a crucial role in future trade regulations.
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Proactive communication and collaboration with procurement are vital for compliance.
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Building a resilient team requires a focus on employee happiness and engagement.
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Trade compliance should be viewed as a value-add rather than a cost center.
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Benchmarking with industry peers can provide valuable insights into compliance practices.
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The need for skilled data analysts in trade compliance is more critical than ever.
Chapters
00:00 Introduction to Global Trade Compliance
06:00 The Role of Global Trade Organizations
12:04 Challenges in Global Trade Compliance
17:59 Preparing for Trade Compliance Challenges
24:11 The Importance of Data and Analytics in Trade Compliance
30:06 Building a Resilient Trade Compliance Team