eBook

Trade Turbulence: Harnessing AI to Navigate the Global Trade Stage

Manage global trade uncertainty by leveraging AI for compliance

The lingering threat of new tariffs and retaliatory measures — not to mention geopolitical tensions and evolving trade compliance demands — are putting tremendous pressure on businesses that move goods across borders. Savvy businesses are integrating automation and AI for compliance to replace the manual processes and documentation that make global trade management such a complex affair.

Our eBook breaks down the benefits of using AI for compliance to navigate the troubled waters and future-proof your international trade operations.

Current global trade challenges that can be addressed with AI for compliance

Stricter trade compliance requirements and shifting trade regulations

A volatile geopolitical environment

The ongoing threat of new tariffs and potential trade wars

The growing demands of restricted party screening (RPS)

Ethical sourcing around forced labor and sustainability

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How automation and AI for compliance streamline global trade

The amount of uncertainty and change in global trade has rendered the older trade compliance and documentation processes obsolete. With the high cost of non-compliance, businesses that adopt automation and AI for compliance purposes stand to gain a competitive advantage in their global trade operations. Here’s how:

Product classification automation

Supply chain AI can automate product classification using machine learning (ML) models to analyze product data and assign the correct Harmonized System (HS) codes and tariff classifications.

Enhanced due diligence screening

Using AI for compliance enhances due diligence processes by providing more comprehensive screening capabilities, such as unstructured data processing and transliteration of localized names.

Content simplification

Combined with the world’s largest global trade content database, our agentic AI interface makes trade regulations easier to access and understand.

Unstructured document processing

Invoices, customs declarations, and shipping records are often processed from unstructured documents. Instead of manual conversion, our AI-powered unstructured document processing automates the extraction and mapping of relevant data into structured electronic formats.

Product classification automation

Supply chain AI can automate product classification using machine learning (ML) models to analyze product data and assign the correct Harmonized System (HS) codes and tariff classifications.

Enhanced due diligence screening

Using AI for compliance enhances due diligence processes by providing more comprehensive screening capabilities, such as unstructured data processing and transliteration of localized names.

Content simplification

Combined with the world’s largest global trade content database, our agentic AI interface makes trade regulations easier to access and understand.

Unstructured document processing

Invoices, customs declarations, and shipping records are often processed from unstructured documents. Instead of manual conversion, our AI-powered unstructured document processing automates the extraction and mapping of relevant data into structured electronic formats.

Building resilience with supply chain AI

Given how many businesses source components and materials from overseas, supply chain resilience has never been more important. AI and automation give businesses a significant competitive advantage by enabling them to mitigate the impact of tariffs or regulations through:

End-to-end visibility
End-to-end visibility

A centralized platform that connects all functions and partners in real time can leverage automation and AI for compliance to seamlessly monitor trade regulations across all regions and provides the flexibility to take decisive action quickly.

Flexible sourcing strategies
Flexible sourcing strategies

AI and automation can help businesses cut costs and diversify their supplier base by identifying advantageous free trade agreements (FTAs) and partners who offer more favorable trade terms.

AI-powered duty management
AI-powered duty management

AI accesses real-time data and trade agreements to automatically calculate and manage duties, which helps to reduce costs, maintain compliance, and decrease the impact of tariffs.

Enhanced compliance
Enhanced compliance

AI for compliance continuously monitors trade regulations, FTA updates, and ESG-driven compliance demands to give businesses the flexibility to respond immediately.

Leverage supply chain AI for a future-proof global trade strategy

Download our eBook to learn how an investment in AI and automation can keep your costs down and help ensure compliance in an ever-changing trade landscape.

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Get the full scoop with our AI buyer’s guide series

Solution Guide

AI Buyer’s Guide: Data is the Currency

Solution Guide

AI Buyer’s Guide: Supply Chain Use Cases

White Paper

AI Buyer’s Guide: Cutting Through the Clutter

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