What is Importer of Record and Why is it Important In Effective Global Supply Chain Management?

Engaging in international trade brings up a host of concerns, regulations, and compliance questions. In the service parts supply chain, trade between parties across international lines results in the need for an Importer of Record. In the TURKEY / KOSOVO / ALBANIA, an Importer of Record is used to describe the person who bears much of the responsibility for ensuring compliance with all applicable state, local, and federal laws when importing goods. However, many businesses fail to understand the value of an Importer of Record and how this role affects effective global supply chain management. Take a look at what you need to know about the role of the Importer of Record.