Scott Sheldon Hosts Own Version of "MythBusters;" Challenges Conventional Trade Compliance Practices

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Scott Sheldon, LLC features partner, Mark K. Neville, in exposing the myths of trade compliance in latest newsletter

To be compliant, the move need not be quick or economical--the move must be correct.

In today’s world, traditional trade compliance practices offer risky assumptions and enable poor habit development in the supply chain industry, regarding customs and other trade. Principal of International Trade Counselors and our partner, Mark K. Neville, challenges seven mythical mindsets and explores the reality every supply chain professional should know. Please access the Newsletter in it's entirety.

The seven compliance mindsets include:
1.    I don’t need to worry about compliance
2.    Duty free means worry free
3.    My brokers (freight forwarders) can handle it for me
4.    Customs and trade compliance is a logistics/supply chain function
5.    Duties are a fixed cost
6.    All advisors are created equal
7.    We’ve always done it this way

“The idea that a logistics or supply chain manager, whose job is to move product from points A to B quickly and economically, has the right stuff to manage the customs compliance function is another misconception. To be compliant, the move need not be quick or economical--the move must be correct.” This main idea is just a highlight of the defense for the myth busting.

The full-length version of the Newsletter can also be found on the website under "Credentials".

About Scott Sheldon, LLC

Scott Sheldon LLC has provided world-class supply chain solutions, specializing in strategic planning, integration of supply chain technologies and “on the ground” operations for global companies. The company is a pioneer in agile supply chain business and technology optimization methodologies that result in rapid ROI and lean operation results. They bring a can-do, no nonsense, engineering approach to tactical and strategic supply chain projects for our clients.

Based in Medina, Ohio, they have international experience across many industries and specialize in Health Care, Retail, Consumer Products, and Manufacturing.

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Melissa Lewellen

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