Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. In this October 2021 post from E2open’s blog, Suzanne Richer discusses the new Global Business Identifier (GBI), “an interagency transformation project focused on creating a unique identifier that will represent a company’s primary legal entity and ownership, its specific business, global locations and the supply chain role it performs within a transaction.”
Identifying and tracking principal players in the global supply chain is of great importance to US Customs and Border Protection (CBP) and its partnering government agencies. The year 2020 was significant due to the number of shipments entering the United States — 32.8 million imports — as well as the volume of goods seized for various violations, which included $1.3 billion worth of product with intellectual property rights (IPR) violations. Keeping track of key players involved in a violation may get easier for CBP as it moves toward a new Global Business Identifier (GBI) that will provide greater clarity on both the product in a transaction and the supply chain player initiating it.