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The customs audit will grow at a CAGR of 4.95% during 2021-2025. Prices will increase by 3%-5% during the forecast period and suppliers will have a moderate bargaining power in this market. Ernst & Young Global Ltd., Deloitte Touché Tohmatsu Ltd., PricewaterhouseCoopers International Ltd., KPMG International Ltd., Grant Thornton International Ltd., BDO International Ltd., Ryan International, Mazars Group, Crowe Global, and Simmons & Simmons LLP are among the prominent suppliers in customs audit market.
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Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as supplier synergies, negotiate on pricing and contractual terms, level of automation, cost of quality impact, quality management, reducing total ownership cost, managing labor price volatility, manage ad hoc spend, and backward integration. Collaborations with global suppliers will also help buyers in cost-saving and ensure high-quality procurement in the dynamic market.
This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their customs audit requirements. Some of the leading customs audit suppliers profiled extensively in this report include:
Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in customs audit.
This report evaluates suppliers based on expertise and industry knowledge, compliance track record, pricing structure, and financial stability. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, legal requirements, quality control, penalty clauses, SLA nuances, evaluation criteria, pricing models, and acceptance criteria.
The pressure from substitutes and a moderate level of threat from new entrants has resulted in the low bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for customs audit with the wider industry and identify the cost-saving potential.
Fixed pricing model, value-based pricing model, and time-based pricing model are the most widely adopted pricing models in the customs audit. Each pricing model offers optimum benefits and fitment in specific situations. Buyers should identify the model that suits their operations in the best manner and link supplier performance to the pricing models.
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To optimize the value of the purchase it is crucial to keep a track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 3%-5%.
The report provides a complete drill-down on global customs audit spend outlook at a global as well as regional level. Current spend scenario, growth outlook, incremental spend, and other key information is available individually for North America, South America, Europe, Middle East and Africa, and APAC.
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The customs audit market will register an incremental spend of about $ 2.24 billion during the forecast period. Only a few regions will drive the majority of this growth. On the supply side, North America, South America, Europe, Middle East and Africa, and APAC will have the maximum influence owing to the supplier base.
The drivers and inhibitors that influence these global and regional outlooks are also elaborated in detail. Our in-depth growth decomposition analysis covers details on:
A targeted strategic approach to customs audit sourcing will provide several opportunities to buyers. However, in the absence of actionable intelligence on customs audit, buyers have resulted in a transaction-based approach towards the category. The buyers have moderate bargaining power in this market and a holistic category management approach will help buyers maximize the value on their customs audit procurement.
The report explains key category management objectives that should form the base for sourcing strategy, including:
In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report will also help create the necessary support structure to facilitate implementation. This report provides in-depth inputs on streamlining category management practices and provides detailed answers on:
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