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To better document U.S. Export requirements and reinforce Waldom's commitment to compliance in all aspects of international trade, Waldom Electronics has created an Export Management and Compliance Manual. This manual serves as a guide for export administration and is a tool in managing risk associated with international trade by ensuring that Waldom's shipments comply with the different elements of export regulations.
Complying with this guidance helps ensure that Waldom is meeting all regulatory requirements for international shipping activities and positions the company for continued growth in emerging markets. This is meant to demonstrate to Waldom customers and partners the company's commitment to ensuring compliance with ethical business practices when conducting international trade.
Over time, Waldom will be rolling out more trade compliance information, including the company's focus on continuous improvement through a soon-to-be-formed trade compliance committee, as well as new-hire onboarding and other employee training sessions.
Benefits
- • Standardizes requirements that result in better compliance with all U.S. laws and regulations governing international trade.
- • Improves productivity by providing a clear process for employees to help process shipments more quickly and accurately.
- • Helps mitigate risks for non-compliance with export regulations that could result in fines, penalties, and other enforcement actions.
- • Provides guidance and requires for training of all Waldom employees as part of the company's commitment to export compliance.
- • Assists in ensuring the efficient movement of goods during international shipping to avoid delays and other impacts to customers.
- • Provides Waldom's suppliers/distributors and carriers with guidance to help protect all involved from potential risks associated with global shipping.
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