Ep 19: Alliance to combat illicit trade

2023-03-02

Illicit trade is hardly a new phenomenon. What is new, however, is its recent unprecedented growth spurred by globalization and the internationalization of trade. Counterfeits, smuggled tobacco and alcohol, unauthorized pharmaceuticals, pesticides, petroleum, and wildlife – the scope of illicit trade is enormous and, although each region experiences it differently, there are common vulnerabilities that make supply chains prone to such illegal exploitation. Identifying commonalities to d...

Illicit trade is hardly a new phenomenon. What is new, however, is its recent unprecedented growth spurred by globalization and the internationalization of trade.

Counterfeits, smuggled tobacco and alcohol, unauthorized pharmaceuticals, pesticides, petroleum, and wildlife – the scope of illicit trade is enormous and, although each region experiences it differently, there are common vulnerabilities that make supply chains prone to such illegal exploitation.

Identifying commonalities to develop a more holistic approach to eliminating illicit trade is the main goal of the Transnational Alliance to Combat Illicit Trade (TRACIT), an independent, business-led initiative to secure the global supply chain and a new UPU postal security partner.

In this episode of Voice Mail, recorded just one week before formalizing this new collaboration, Ian Kerr spoke to Jeffrey Hardy, TRACIT’s Director General, about the dangers illicit trade presents to postal customers and employees, the costs it incurs on postal infrastructure and the ways to avoid these risks through public-private partnerships and capacity building.

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