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Companies Face New Normal of Tariffs, Trade Regulation Compliance
Political influences on trade policies are becoming more pervasive and long-term, forcing businesses to adapt to new sourcing rules and legislative demands on issues like forced labor issues and environmental concerns. Supply chain managers rank government intervention as a top risk, driven by trade wars and regulatory changes. In a recent article published by SupplyChainBrain, Eric Young shares his insights on the matter, stating, “Compliance has always been challenging, but in this economy and geopolitical environment, it becomes even more challenging.”
Eric Young
Senior Managing Director
Eric T. Young advises highly regulated organizations on reengineering compliance, ethics, and regulatory technology programs to enable reputable and sustainable business growth. He has deep regulatory experience having spent close to 40 years in chief compliance officer roles at some of the world’s largest institutions, including five global banks. Throughout his career, Mr. Young has remediated and transformed corporate compliance programs and financial crime compliance programs including sanctions; integrated compliance and ethics cultures between regions, countries and companies to ensure consistency across enterprises; built compliance budgets; enhanced reporting; created governance frameworks and risk assessment, monitoring and testing programs; closed compliance gaps; restructured compliance teams; and mentored junior staff to create a pipeline of future compliance leaders and enable grassroots compliance ideas, solutions and digital upgrades.
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