Economic turbulence intensifies global risk

As more companies globalise and face increased regulatory and financial risks, executives are seeing corporate trade management as a high priority function that can help protect against risk and drive value, according to the recently released KPMG white paper, Effectively Managing Global Trade: A Rising Priority. “Companies everywhere are feeling the effects of today’s burgeoning global trade, heightened regulatory climate, and increased shareholder interest in managing global risks and reducing costs,” says Andrew Siciliano, a partner in KPMG’s Trade and Customs Services practice. “Nowhere is the severity of these changes being felt more than in the trade functions of global companies – an environment likely to intensify with the turbulent economic climate.”