Technology and electronics companies operate in an environment of increasing supply chain complexity, persistent ESG concerns, and growing consumer demand. This combination of factors makes it challenging for these companies to balance compliance requirements and operational efficiency.
Ensuring compliance with global forced labor regulations, in particular, represents a major challenge. At an estimated $243.6 billion, electronics are the highest value imports at risk of forced labor for the majority of G20 countries.
Tech and electronics companies must find solutions that enable supply chain visibility and ensure effective screening workflows while simultaneously meeting customer expectations.
Core challenges facing tech and electronics companies
Export control compliance
Tech and electronic companies are contending with a rapidly evolving export controls and sanctions regime that can threaten brand reputation and business operations. Ensuring regulatory compliance requires companies to go beyond traditional list-based screening to identify non-obvious sources of risk, such as parent companies in restricted countries or co-location with military entities. To do this efficiently, organizations must replace manual investigation time with increased automation of customer screening processes.
>> Learn how Sayari mitigates subsidiary risk to ensure export control compliance <<
Supply chain risk management
Increasing global regulations make it challenging for organizations to efficiently scale in response to demand while maintaining ethical supply chain standards. Addressing these challenges requires the ability to map sub-tier suppliers to identify risks such as forced labor and conflict minerals and prevent customs detentions that could disrupt critical timelines.
>> Get recommendations for complying with the CSDDD, EUFLR, and UFLPA regulations <<
Sanctions and diversion monitoring
Particularly in the U.S., there is increasing government regulation designed to strengthen national security and maintain a competitive position versus China. As a result, tech and electronics companies must monitor steadily growing sanctions designations and guard against transshipment and diversion risk. Dual-use components prevalent in these industries, such as semiconductors, require increased scrutiny to ensure they are sold only in approved markets.
>> See how trade data reveals dual-use technology shipments to Russia <<
Sayari: a solution for comprehensive visibility of corporate and trade relationships
Sayari’s advanced supply chain risk intelligence solutions help tech and electronics companies navigate complex export control regulations and supply chain risk management challenges by providing comprehensive visibility into corporate networks, ownership structures, and trade relationships around the world. Our solutions deliver unique differentiators such as:
- Non-List-Based Intelligence: Sayari creates a comprehensive map of trade and corporate relationships to enable narrative-based export control compliance, going beyond traditional list-based approaches.
- Evidence-Based Mapping: All connections revealed by Sayari are traceable to bills of lading, trade records, and corporate filings with clear data lineage, engendering trust and confident decision-making — no “black box” insights.
- High-Risk Jurisdiction Coverage: Sayari delivers extensive data in challenging jurisdictions like Russia and China, where traditional data providers have limited visibility, and 8B+ records worldwide.
- Trusted by Regulators: Sayari is used by government agencies like the Department of Commerce (DOC) and Department of Homeland Security (DHS), giving companies confidence in the data’s value for regulatory compliance.
Sayari’s tech and electronics customers have seen meaningful impact to their supply chain risk management processes — such as a 53 percent acceleration in third-party screening workflows. To learn more about how Sayari can address the trade compliance challenges within the tech and electronics industry, request a demo.
