In our last post we wondered if the pain of Customs 10+2 was worth the gain. Well, I thought we developed a fairly compelling gain perspective, but industry has recently shot back with a quantification of the pain - $20 billion reasons to take it slow.
The proposed rule will cost U.S. companies over $20 billion annually—costs that will be passed down to the consumer at a time when hardworking families can least afford it.
Over forty trade groups recommend that Customs & Border Protection implement a pilot program and take a slow-roll approach to the Importer Security Filing rule.
This trial application will allow CBP to improve the rule and tailor it to meet the requirement of Executive Order 12866’s requirement that it be least burdensome on "businesses of different sizes."
While I can not find much support for how the coalition calculated the $20 billion, the regulation clearly holds increased costs for businesses of "small sizes" that have little or no global supply chain automation.
I still see a net gain for the Global 2000 and the pilot program will provide much needed relief to put a strategy and information systems plan in place.
