High Priority: Trade Risk Management

Strong global competition and increasing regulatory requirements are leading companies to rethink their global trade management strategies. Increasingly more firms view trade management as a high-priority function.
"The trade business is evolving faster today than at any point in its history," Peter Tijou, vice president of product management with financial services firm J.P. Morgan's Global Trade Services group, wrote earlier this month.

Even before the recent recessionary circumstances in which companies everywhere have found themselves, organizations throughout the world have been feeling the effects of today's burgeoning global trade, a heightened regulatory climate and intense corporate interest in managing global risks and containing costs.

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