Moving goods across borders is complex, costly and subject to increasing disruption. Protectionist policies are on the rise, and the ensuing tariffs and sanctions can disrupt established business models and have a significant impact on a company’s balance sheet. Countries also are embracing digital taxation and accessing trade data in real time, creating compliance challenges that strain organizational resources. And unplanned-for crises, such as the COVID-19 pandemic, create a need for companies to stabilize their business, preserve capital and realize cost savings.

Companies are struggling to respond in this environment of business uncertainty. Many continue to handle trade issues in organizational silos, increasing costs and risk while hampering strategic decisions. Manual processes and legacy technologies often rely on incomplete and unreliable data, further constraining organizations from taking advantage of new opportunities.

Global trade is too large, too complex and too costly to be left to chance. EY global trade teams have deep technical knowledge and experience, supported by market-leading technology, EY Trade Connect, and a broad suite of service offerings. As your trusted trade advisor, we seamlessly connect strategic thinking to your on-the-ground global trade operations. Quite simply, we operate as an extension of your trade function, helping you to reduce costs, improve compliance, manage risks and achieve the strategic objectives of your business.