Trade Compliance for Leadership Navigating a Shifting Global Landscape 2025

Considerations for technology procurement FIGURE 6 Source: World Economic ForumIdentify and ramp up teams and departments that should be involved, either fr om user or buy-in perspective Brainstorm on long-term goals and needs that may follow fr om (yet to be) implemented regulations/r equir ements Map potential technology solutions and assess their functionality on elements such as available featur es, capabilities and integration possibilities Determine if technology solution is scalable to accommodate your organization’s growth, considering e.g. number of users, geographical scope and data volume Consider support, maintenance and amendment ef forts Understand the technology solution’s roadmap and futur e plansAssess the r equir ed capabilities of the technology solution , identify also the must- haves and nice-to-haves Perform a fit-gap analysis and consider the geographical scope and scalability desir esMap curr ent technology and its capabilitiesInter nal Exter nalItems to considerWithout a one-size-fits-all technology or tool for trade compliance it is critical that companies select the right technology that aligns with their trade footprint, compliance maturity and internal capabilities. The following key considerations for technology procurement can help companies ensure that their technology and tooling become enablers of compliance and risk mitigation. Trade Compliance for Leadership: Navigating a Shifting Global Landscape 20