Compliance Gaps Revealed in Global Dangerous Goods Confidence Outlook - Global Trade Magazine
  September 5th, 2019 | Written by

Compliance Gaps Revealed in Global Dangerous Goods Confidence Outlook

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  • "Many organizations lack the resources needed to meet their current supply chain needs."
  • Results reveal 55% struggle with obtaining accurate data from supply chain partners.
  • "Several key gaps exist within organizations’ processes and infrastructure."

Dangerous Goods industry players reveal surprising outlooks when it comes down to achieving transport compliance, according to statistics reported in the fourth annual 2019 Global Dangerous Goods Confidence Outlook survey. The results were shared this week during the Dangerous Goods Symposium 2019 event in Chicago and prove that although many are actively a part of the dangerous goods sector, not all are convinced their supply chains are enough to maintain a competitive advantage.

“The growth of ecommerce and the evolution of supply chain has made moving dangerous goods in a safe and compliant manner more important than ever,” said Robert Finn, vice president, Labelmaster. “Unfortunately, several key gaps exist within organizations’ processes and infrastructure that make maintaining a compliant and reliable hazmat supply chain challenging.”

Some of the most telling numbers revealed in the survey point to several factors from infrastructure gaps and leadership risk awareness to technology, budget factors, and communications with supply chain partners. Among the responses, a reported 55 percent confirmed a manual process is still in place for dangerous goods shipping, while a whopping 71 percent expressed the desire for partners matching compliance efforts.

“Companies view DG management and compliance differently, which directly impacts their level of investment and, ultimately, their ability to ensure compliance across their entire organization and adapt to changing operational needs,” Finn said. “As a result, many organizations lack the resources needed to meet their current supply chain needs, and few have the budget and infrastructure necessary to support future requirements.”

Another 42 percent of responses turned attention to the problems in business spurred from the “careless” manner in which some carriers handle dangerous goods while 55 percent struggle with obtaining accurate data from supply chain partners.

Additional results reveal that 67 percent agree their reverse logistics are enough to address current needs with only 20 percent expressing confidence in supporting future dangerous goods operations.

“In order to successfully navigate an increasingly complex and dynamic hazmat supply chain landscape, organizations need to think of compliance beyond simply a mandate and the threat of a fine, and recognize how it can be a competitive advantage that drives revenue, improves supply chain performance, reduces risk and enables better customer service,” Finn concluded.

To read the full report sponsored by Labelmaster, International Air Transport Association (IATA) and Hazardous Cargo Bulletin, please visit: labelmaster.com

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