Global Trade Radar is an innovative, multi-jurisdictional customs data analytics solution that provides companies with insights into their global customs profile, facilitates informed decision making, identifies cost-savings opportunities and addresses potential compliance weaknesses.
Deloitte's Global Trade Radar produces detailed insightful import analytics across multiple jurisdictions in one online dashboard. The dashboard provides complete insight into the import profile, identifies Free Trade Agreement cost-savings opportunities and tariff classification risks.
Whether the customs function is undertaken in-house or outsourced, obtaining complete insight into the global customs profile of a multinational is often very difficult, if not impossible. Being able to interrogate the declarations made to the customs authorities by your customs broker to identify opportunities and risks is not something that can be done by traditional ERP systems.
Authorities are becoming more sophisticated in their use of analytics to assess compliance, hence multinationals have little choice but to take steps to proactively manage this important part of their business.
Global Trade Radar analyses the customs entries filed with the customs authorities in multiple countries to give insight into the global customs profile of the organization all in one online interactive dashboard. Global Trade Radar uses the data from the customs authorities as this is the data that is interrogated by the customs authorities themselves before commencing a review or an audit.
Global Trade Radar provides details of the total value of imports, customs duty paid, the countries in the supply chain and tariff classifications declared. It also provides insight into the usage of Free Trade Agreements and in doing so identifies savings (and in some cases refund) opportunities. In addition, it analyses the tariff classification declared to pinpoint inconsistencies and issues that should be further investigated and where remedial action may be required.