In today's volatile global trade environment, businesses face complexities from unforeseen policy changes, tariff tensions, and regulatory uncertainty. Navigating these disruptions while making strategic decisions is challenging. Organisations must assess immediate impacts and develop mitigation strategies. Additionally, they need to prepare for medium and long-term effects to build resilience in the evolving trade landscape.
In a recent collaboration with an international manufacturer, Deloitte embarked on a mission to navigate the complexities of international trade policies. The journey began with the development of an accelerated tariff mitigation strategy, designed to shield the client from the financial burdens imposed by shifting policy actions.
As the team delved deeper, they meticulously assessed the multifaceted impacts on tariffs, import taxes, supply chains, and commercial operations. Through insightful analysis, Deloitte identified innovative purchasing, pricing, and regulatory plans aiming to mitigate up to 50-75% of the annual tariff impact.
To ensure the feasibility of these strategies, a comprehensive study was conducted on the production footprint and capital expenditures, paving the way for a more resilient and cost-effective future for the client.
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In a transformative partnership with a leading pharmaceutical company, Deloitte played a pivotal role in enhancing the client's financial efficiency. The journey began with assisting in the implementation of a customs special procedure, aimed at eliminating import duties on high-value ingredients crucial to their operations.
Deloitte's experts meticulously completed the application process and engaged in strategic negotiations with revenue authorities, successfully securing substantial retrospective duty reclaims. This victory not only provided immediate financial relief but also set the stage for long-term savings.
To ensure sustained compliance and smooth operation, Deloitte provided robust support for the implementation and developed comprehensive processes for ongoing adherence to the procedure. This collaboration empowered the pharmaceutical company to optimise their cost structure and focus on their core mission of advancing healthcare.
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In a strategic endeavour with an international food industry client, Deloitte embarked on a comprehensive review of the client's global supply chain.
The goal was to uncover hidden opportunities for duty savings and recover overpaid duties that had been quietly accumulating.
The team mapped the supply chain and delved into customs data, uncovering promising avenues for claiming preferential origin status. This analysis revealed significant potential for cost reduction and efficiency enhancement.
To bring these opportunities to fruition, Deloitte engaged in proactive discussions with Revenue authorities, successfully securing duty refunds and paving the way for a more streamlined and financially robust operation for the food group.
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