2016 Global Trade Management Survey

2016 Global Trade Management Survey

The 2016 Global Trade Management Survey is a combined effort of KPMG's Global Trade & Customs practice and Thomson Reuters who, together, have surveyed over 1,700 global trade specialists around the world to develop and present the findings of an extensive study on the state of global trade today.

Related content

red container

In 2016, KPMG's Global Trade & Customs practice and Thomson Reuters surveyed over 1,700 trade professionals from multinational companies based in 30 countries.

The 2016 Global Trade Management Survey is the result of this extensive study which examines operational practices in: centralization, trade operations activity, global trade management systems, tariff classification, supply chain integration, free trade agreements; and transfer pricing. 

Key survey findings from this year’s survey include:

  • Manual processes continue to tie up trade teams and increase risks, among them audits, lost savings and opportunity costs. 
  • Only 34 percent of respondents said to be currently utilizing a Global Trade Management system for any aspect of the import/export activities, despite awareness for the need of automation, with 53 percent of respondents citing technology as a key element to enhance their activity. 
  • Managing the transfer pricing process was regarded as a challenge by 93 percent of respondents, with 59 percent of them expressing that their companies lack a formal process to align transfer pricing and customs valuation. 
  • Free Trade Agreements (FTA) usage continues to be low, with 23 percent of respondents saying their companies are fully utilizing all FTAs available to them. This is a global issue with all regions attributing underutilization to the difficulty of record-keeping and tracking supplier information. 
  • One-third of respondents are thinking about how to use the Trans-Pacific Partnership (TPP), leaving the remaining two-thirds not yet preparing to take advantage of an FTA expected to reshape supply chains globally.  
  • Global trade professionals anticipate more regulatory complexity, with 62 percent of respondents assuming this within the next three to five years. 

Highlights video

Watch Doug Zuvich (Video 113 MB), KPMG in the US and Taneli Ruda, Thomson Reuters ONESOURCE, discuss the key highlights from the 2016 Global Trade Management Survey.

2015 Global Trade Management Survey

To see how this year's results compare to last year, please read the 2015 Global Trade Management Survey.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG's new digital platform