Risk management strategies for your imports

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When a company imports goods, it also implicitly takes on a series of risks that can impact profitability, legal compliance, and operational continuity. From logistics delays and documentation errors to currency fluctuations, risk management must be a strategic priority for any organization involved in international trade.

Here are the key strategies to help you reduce risk and improve the performance of your import operations:

1. Thorough evaluation of suppliers and products

Before closing an international deal, it’s essential to conduct a detailed review of:

  • Supplier reputation
  • Production capacity
  • Compliance with international standards
  • Quality certifications

It’s also wise to reduce dependence on a single supplier by diversifying your sourcing strategy.

2. Obtain appropriate insurance coverage

One common mistake in foreign trade operations is underestimating the physical and financial risks of international transportation. It’s best to insure your cargo with policies that cover:

  • Theft, loss, or damage of goods
  • Natural disasters
  • Port strikes or political unrest
  • Civil liability for damage to third parties

This doesn’t just protect your cargo—it gives your business financial certainty.

3. Accurate and digitalized documentation management

Mistakes in contracts, customs forms, invoices, certificates of origin, or labeling can lead to penalties, fines, shipment holds, or even cargo rejection.

To avoid this:

  • Sign detailed contracts with suppliers and carriers
  • Validate each document before customs clearance
  • Ensure coordination between your purchasing, logistics, and tax teams
  • Use digital platforms for traceability and document storage

Even minor errors can have costly consequences if not detected in time.

4. Choose the right INCOTERM

INCOTERMS define who assumes the risks at each stage of the logistics process. Choosing the right one can help you avoid surprises such as:

  • Unexpected destination charges
  • Insurance or damage issues
  • Legal disputes over incomplete deliveries

Always select your INCOTERM based on the type of product, logistics experience, and your relationship with the supplier.

5. Specialized customs advisory

Compliance with Mexican customs regulations—such as the Ley Aduanera, non-tariff rules, and correct tariff classification—is critical to avoiding sanctions.

Working with a trusted customs agency like Remar International allows you to:

  • Anticipate regulatory changes
  • Optimize tariff classifications
  • Comply with Electronic Customs Value Manifestation (MVE), labeling, and NOMs

6. Currency exchange analysis and hedging

If you pay in foreign currency, exchange rate fluctuations can directly impact your profit margins. Consider:

  • Exchange rate hedging
  • Negotiating prices in pesos (MXN) when possible
  • Adding clauses to contracts to mitigate volatility

7. Logistics planning and transportation selection

Assess routes, lead times, rates, and cargo space availability. A solid logistics plan helps reduce risks such as:

  • Extra storage or demurrage costs
  • Loss of perishable products
  • Missed delivery deadlines

There’s no such thing as risk-free importing. But identifying, evaluating, and mitigating the most relevant risks can make the difference between a successful shipment or a serious setback.

At Remar International, we are your strategic partner in logistics and customs risk management. With over 25 years of experience, we provide integrated solutions in freight forwarding, customs brokerage, and trading company services—so your imports arrive safely, on time, and in full compliance.

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