Logistics is a regulatorily complex industry, and if compliance and sustainability are not taken seriously, there can often be devastating consequences. At Worldnet, compliance and sustainability are cornerstones of our operational philosophy and we take pride in leading with integrity and responsibility. In this post, we’ll review why these factors are so crucial to logistics as a whole.
In all industries, cross-border commerce requires fixated attention to compliance and sustainability.
Fiscal and regulatory authorities in multi-country jurisdictions, individual countries, and even sometimes municipalities within countries, require adherence to their codes and ethical standards. Violations of these codes and standards, no matter how slight, can result in serious financial penalties and other consequences, trigger audits of the past as well as individual scrutiny in the future, and incur incalculable reputational harm to a brand.
Both the complexity and the gravity of compliance have become exacerbated in recent years as new trends and initiatives have gained prominence. This includes consideration and awareness around the environment, forced labor, cryptocurrencies, pandemics, tariffs and others.
How Worldnet Prioritizes Compliance and Sustainability
Fiscal and regulatory compliance and sustainability have always been a cornerstone of Worldnet’s service since its founding nearly three decades ago. Worldnet’s DNA is built upon:
- Strict, 100% attention to compliance
- The importance of guiding and educating customers to prevent violations
- Adhering to the highest sustainability standards
In 2024, this deep corporate ethos helps Worldnet’s clients navigate what is an increasingly complex, and consequential, compliance and sustainability world.
Fashion and Luxury
Specific to fashion and luxury, agencies such as U.S. Fish and Wildlife, and international treaties such as CITES, command attention due to huge financial and reputational risks for any brand due to noncompliance.
Separate from compliance, sustainability has taken on critical meaning for a brand’s reputation and, increasingly, is becoming a legal and regulatory concern of its own in many jurisdictions.
Worldnet’s history of leadership in the cross-border regulatory aspects of fashion and luxury has lent us a “seen it all” familiarity with potential red flags on shipments before they are dispatched, as well as occasional occurrences where shipments encounter problems in transit.
Some of the advantages of working with Worldnet may not be immediately apparent, but in the background of a brand’s most important shipments, these advantages can be consequential. For example, Worldnet’s seen-it-all familiarity with certain regulatory agencies, including their staffing levels at individual ports of entry, can and does result in dynamic routing of shipments to preferable airports.
Learn More About Worldnet’s Compliance and Sustainability Initiatives
Worldnet offers a knowledge base that can help explain and clarify how shipments can be affected by different global regulations. Additionally, in 2024, we plan to release content that will cover:
- How compliance and sustainability impact legality and reputation at a company
- Compliance and sustainability terms to be familiar with
- Noncompliance and non-sustainability risks
- How a brand’s partners play a role in its compliance and sustainability
- How to tell if a shipping partner prioritizes compliance and sustainability
Final Thoughts
Compliance and sustainability have always been important, but in 2024 and as far into the future as we can see, it is ever more essential to ensure 100% alignment with compliance and sustainability regulations and norms.
When choosing an international air express carrier for your most important fashion and luxury consignments, ensure you have partnered with a company that has deep experience as well as an appreciation for how important this subject is.