Beyond the declaration: the raising demand for precision in regulatory data

This recording examines the widening gap between simplified customs declaration data and the far more detailed data now demanded by sustainability and traceability regulations, an issue of growing relevance for customs and trade compliance professionals managing both trade facilitation and regulatory reporting.

Topics covered:

• The trend towards reduced, more flexible customs declaration data requirements, illustrated by the UK's GB Safety and Security Declaration
• The EU Deforestation Regulation (EUDR) and its geolocation and traceability requirements for commodities such as timber, coffee, soy and cocoa
• The status of a parallel UK deforestation regulation
• The Carbon Border Adjustment Mechanism (CBAM) and importers' obligations to calculate and declare embedded CO2 emissions
• Non-mandatory food, agriculture and raw material certifications addressing deforestation risk in cocoa, soy and palm oil supply chains
• The Digital Product Passport and its role in tracking product lifecycle and environmental data
• Technologies supporting data precision: blockchain, the Internet of Things (IoT), drones, AI and digital twin models
• The operational and organisational changes businesses need to make, including deeper supply chain data collection and cross-functional collaboration between customs, logistics, sustainability, HR, compliance, sourcing, procurement, operations and IT teams

For a broader overview of the topic, please watch the full recording. The slides are available in the Resources section.

Please note that this summary was generated using AI, based on the recording and available slides.