Total Value of Compliance articles

How much do new civil penalties for hazmat violations actually cost you?

How much do new civil penalties for hazmat violations actually cost you?

As Labelmaster Staff Regulatory Specialist Nikki Burgess reported a couple of weeks back, many federal agencies recently raised their civil penalties about 2.5% for Dangerous Goods regulatory citations. In other words, any compliance errors you make will now cost you a little more. Since most readers of this blog—and most players in the global hazmat

CEOs! Want supply chain to be a competitive weapon? Start with hazmat.

For years now, we’ve been helping supply chain professionals see hazmat compliance as a competitive advantage, not a cost center. Show your bosses real visibility into the true costs and value of improved compliance, we’ve said, and you’ll secure the resources to drive new revenue and boost profitability. Turns out we’re not the only ones

Total value of compliance, Part 2: What do compliance gaps actually cost you?

Every hazmat pro knows a Dangerous Goods shipment that doesn’t comply with current regulations could end up costing their company money. In fact, 28% of hazmat pros surveyed in our 2018 Global Dangerous Goods Confidence Outlook said their companies comply with regulations only because the regulations mandate it. In other words, all they want to

Part 1: The Cost of Maintaining Compliance

Total value of compliance, Part 1: Assessing your hazmat processes and procurement

Trick question: Do you spend too much on Dangerous Goods compliance? Most hazmat professionals would probably answer “yes.” Whenever we have to spend money on something that doesn’t show an immediate benefit, it always feels like we’re spending too much. And there’s no getting around it—Dangerous Goods compliance requires a financial outlay. But the real

How a free Total Value of Compliance Assessment can make your hazmat operation more profitable

Late last year, we introduced a new concept to the Dangerous Goods galaxy: total value of compliance. It’s a new way of thinking about supply chain operations that views hazmat compliance as not just a cost of doing business, but also as a value-added component that contributes to profitability. Maybe you read that post, and

Total value of compliance, as explained by Chicago Bears fans

Lots of us at Labelmaster are excited about our hometown Chicago Bears, who are poised to make the National Football League playoffs for the first time in eight years. As one of the league’s biggest turnaround stories, the Bears have made sharp improvements in several statistical categories. One improvement that gets very little attention? Penalty

How CEVA’s Rusty McMains makes the C-Suite pay attention to hazmat

In today’s supply chain, the way people think about Dangerous Goods transport is evolving. It used to be common for organizations to view hazmat compliance as a necessary evil—just a cost of doing business. They cared about safety, and they cared about avoiding delays and civil penalties, but that was the extent of their concern.

Why “total value of compliance” is a new paradigm for hazmat shippers

Why do you pursue Dangerous Goods compliance? Take a moment before you answer, because the real reason may not be as obvious as you think. We’ve been asking hazmat professionals that question for years, and the answers have evolved. Today, nearly a quarter of companies in the DG supply chain pursue compliance because it’s a

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