Leading practices in global trade management
The world does not look so flat after all
Business is experiencing a new dynamic in globalization. While global trade is growing at a record breaking pace, there is a significant variance in economic growth among markets, resulting in divergent policy reactions from governments. Market differences, rather than market similarities, are highlighted. In a globalized but diverse environment, business is increasingly adopting market specific strategies, rather than following a wholly uniform approach.
Customs and trade executives are experiencing this new dynamic, and their success is a critical aspect of company growth. Ernst & Young recently assembled a group of key executives responsible for international trade departments at multinational companies to explore how they are adapting their approaches to meet the challenges of this new environment. The findings, reported in the Ernst & Young publication Global trade management: adapting to polycentric markets, identify key market trends impacting global trade management, and strategies employed by trade executives to manage risks and take advantage of opportunities created by the changing environment.
Key topics from Global trade management: adapting to polycentric markets to be discussed in the hour-long webcast include:
- Balancing global direction with local execution
- Innovative approaches to centers of excellence
- Increasing significance of free trade agreements to market success
- Approach to government partnership programs
- Building diverse leadership teams
William M. Methenitis, Ernst & Young LLP, Global Director, Customs and International Trade
Armando F. Beteta, Ernst & Young LLP, Executive Director, Customs and International Trade
Kristine L. Price, Ernst & Young LLP, Principal, Customs and International Trade