Which of the following approaches would be used to enhance compliance, minimize risks, and connect...

To enhance compliance, minimize risks, and connect supply chain activities when exporting products to emerging markets, global trade management (GTM) is the most effective approach. Here’s how GTM helps:

Compliance: GTM systems ensure that all trade activities comply with international regulations and standards, reducing the risk of legal penalties and delays.

Risk Minimization: By automating and standardizing trade processes, GTM minimizes risks associated with errors, delays, and non-compliance.

Integration: GTM integrates various supply chain activities, including logistics, customs management, and trade finance, providing a cohesive approach to managing global trade.

References

Manuj, I., & Mentzer, J. T. (2008). Global supply chain risk management. Journal of Business Logistics.

Bolero International Ltd. (2017). Global Trade Management: An Introduction. Bolero.