Case Study: How Manufacturing Companies Streamline Trade Compliance with Quickcode

The Challenge

A large manufacturing company, a leader in electronics and machinery production, imports a wide range of raw materials and components from various global suppliers and exports its finished products to markets all over the world. As the company scaled its operations, managing trade compliance became increasingly complex and time-consuming. With strict regulations like Section 301/232 tariffs, anti-dumping/countervailing measures, PGA compliance, the company struggled to keep up with the evolving landscape of trade regulations.

Manual HS classification was prone to errors, and staying compliant with ever-changing regulations across multiple markets became a major bottleneck. Additionally, the company wanted to optimize its FTA qualification and Duty Drawback programs, but inconsistent trade data limited its ability to maximize cost savings.

The Solution: Quickcode’s Trade Compliance Monitoring Platform

The company turned to Quickcode’s trade compliance platform to automate and streamline its compliance processes, particularly around HS classification and regulatory updates. Using Quickcode’s human-in-the-loop AI feature, the company was able to:

• Accurately classify products with HS codes while leveraging both AI automation and human oversight to ensure precision.
• Receive real-time notifications of regulatory changes, ensuring the company remained compliant with dynamic trade regulations.
• Proactively manage non-compliant products, with Quickcode alerting the company when a product was at risk of losing compliance status in a target market.

Key Benefits

1. Efficient HS Classification
   With Quickcode’s platform, the company was able to drastically reduce the time spent on HS classification. The human-in-the-loop AI ensured high accuracy by combining the speed of machine learning with expert oversight, reducing the risk of classification errors that could lead to costly delays or fines.
2. Real-Time Compliance Updates
   Quickcode’s platform continuously monitored trade regulations, including updates on tariffs, anti-dumping measures, and product-specific rules. The company received real-time notifications when products required reclassification or when regulatory changes could impact their operations, helping them stay ahead of compliance risks and ensuring their products could continue to be sold in key markets without disruptions.
3. FTA Qualification and Duty Drawback Optimization:
   By ensuring up-to-date and accurate trade data, Quickcode supported the company’s Free Trade Agreement (FTA) and Duty Drawback programs, allowing them to reduce tariffs on eligible imports and maximize refunds on duties paid. This provided substantial cost savings while maintaining regulatory compliance across all markets.

Results

• 75% reduction in manual effort spent on HS classification.
• Significant cost savings through optimized FTA qualifications and Duty Drawback programs.
• 100% compliance across the complex landscape of US import regulations, thanks to proactive alerts and real-time updates.
• Increased operational efficiency with an automated and streamlined approach to managing trade compliance.

Conclusion

With Quickcode’s trade compliance monitoring platform, this large manufacturing company transformed its compliance processes, from HS classification to regulatory monitoring. The seamless integration of AI and human expertise ensured accuracy and speed, while real-time notifications and compliance updates enabled the company to focus on growing its global footprint without worrying about trade regulation challenges.

By using Quickcode, the company is now better equipped to navigate the complexities of international trade, ensuring compliance, minimizing risks, and capitalizing on cost-saving opportunities.