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October 2, 2012 TRUSTED TRADERS: Partners with Benefits John Bescec
Introduction – Typical Questions • What is it? • What is the benefit? • What is the cost? • What is the competition doing? • What is the risk if we don’t participate? • CBA = ???
International influence of the CSCB • Role of CSCB in the PSCG • Advocacy in development and expansion of AEO at the WCO • Great ideas… but outcomes not always as expected • So what is needed to be successful? • Is there sufficient support?
How to ensure TTP’s succeed • Mandate by regulations… or • Deliver real benefits for Customs and Trade • True partnership - understanding and trust • MRAs in their truest sense – commonality and genuine recognition
One company’s benefits under C-TPAT • Known trader and good corporate citizen • Reduced targeting number assigned by US Customs reduced exams • Recognition in contracts with supply chain partners with associated ROI • “Insurance underwriters look more favorably at C-TPAT certified companies”
One company’s experience with C-TPAT (FY 2011) • Time saved in shipment days • 5% • 10% • 15% • 20% • 30% • Partner savings • $50K - $100K • $200K - $400K • $500K - $900K • $1M - $2M • $2.1M - $4M • Cost savings through reduced exams • $25K - $65K • $125K - $200K • $300K - $700K • $800K - $900K • $1M - $2M