ACSC, MultimixAcademy Task Business Owners On Trade Compliance

[Shola Sholaz]

For trade in Nigeria to help develop the nation's economy as  obtains internationally, African Centre for Supply Chain, Multimix Academy has revealed the need for trade compliance among industry players during their 1st National Trade Compliance Summit tagged, "Turning Trade Compliance into Competitive Advantage."
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Chief Executive Officer and Programme Director, Multimix Academy, Obiora Madu said at the event that the global business suffers financial loss due to non compliance measures.
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To further buttress his point, he cited a recent study by Oracle revealed that, "many large businesses in Europe, Middle East and Africa (EMEA) are at risk of significant financial loss because of inadequate compliance measures".
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He said, in the research, 38% of MDs, CEOs and owners admit their organisation have been non- compliant, as do 44% of risk and compliance managers and 43% of supply chain managers.