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The COVID-19 pandemic has and will continue to have major disruptive effects on supply chains. Companies of all sizes have adapted as supply and demand dynamics have shifted, borders and markets have opened and closed, and customers have changed purchasing patterns. Formidable logistical challenges deriving from constant fluctuations in volume and routing have been exacerbated by both the creation of new customs measures and adherence to old paper-based practices that do not fit the ‘new normal’ in which businesses must now operate. The maintenance of supply chains, customs and export compliance, and logistics is critical to address the pandemic, both to deliver essential goods—such as medicines and foods—and to keep economic activity flowing.
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Click here to read the ICC United Kingdom/GCD 2023 update to the ICC/GCD 2022 Performance Guarantees Paper
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ICC International Trade & Prosperity Week took place from 17 - 20 October 2022. Read the key takeaways here
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