Topic: Nearshoring, Reshoring and Their Trade Compliance Challenges
Speaker: David G. Forgue, Partner with Barnes, Richardson & Colburn, LLP
Program Chair: Brian F. Walsh, Barnes, Richardson & Colburn, LLP
A variety of global factors are forcing companies to reevaluate their manufacturing locations. These factors include rising Chinese labor rates, inexpensive North American energy supplies, the importance of protecting intellectual property, the benefits of having engineering and manufacturing close to one another, and the negatives associated with long product lead times. In light of these factors, nearshoring and reshoring are becoming more common, raising new trade compliance issues. Although the directive to undertake nearshoring or reshoring may come from high in the corporate chain of command, compliance professionals must be prepared to deal with the challenges that can be presented the wholesale changes in sourcing that result from such an effort and must be able to effectively communicate the effects of those changes within the company, This program will identify the compliance issues which will be faced as your company moves production closer to the U.S. market and will provide strategies for dealing with such issues.
- What is nearshoring?
- What is reshoring?
- How do they impact classification processes?
- How do they impact valuation processes?
- Effectively using NAFTA/IMMEX
- Effectively leveraging trade agreements
- What marking issues need to consider?
- Effective communication of issues within the company
The International Trade Club of Chicago (ITCC) is a not-for-profit organization and all proceeds are used solely to cover the costs of ITCC activities. The ITCC appreciates the efforts of the volunteer speakers.
For those attending in person: The DePaul O’Hare campus facility is located at the intersection of East River Road and West Bryn Mawr Avenue
*NEW - This seminar is also available via LIVE WEBINAR. A link to a separate sign up site will be sent to you upon registration.
CONTINUING EDUCATION CREDIT
ATTENTION CERTIFIED CUSTOMS SPECIALISTS:
This program is approved by the NCBFAA for 3 CCS continuing education points.
Please indicate if a certificate of attendance is desired when you register.
||In addition, the ITCC Workshop Series is designated as a CLE provider by the Minimum Continuing Legal Education Board of the Supreme Court of Illinois. This program will provide three hours of credit. The ITCC will seek CLE approval for its program from other states upon request. A $50 supplement will be charged to attorneys to cover costs, including Supreme Court fees. Please provide your ARDC number at the time of registration.
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