Our Industry is Constantly Evolving. Learn About the New Global Business Indicator (GBI)
U.S. Customs and Border Protection (CBP) has introduced a pilot program for the new Global Business Indicator (GBI) initiative, which proposes replacing current manufacturer/shipper ID codes (MID) with a new ID system that provides the CBP with more transparency to identify the main legal entity and ownership, specific business and global locations, and supply chain roles and functions.
The pilot will have importers use the Data Universal Numbering System (DUNS), Global Location Number (GLN), and Legal Entity Identifier (LEI) to determine the optimal combination for the GBI. The GBI pilot program is expected to go live in the Spring of 2022. There won’t be mandatory reporting of GBI, but the pilot will be live and available for those who want to participate.
The reason behind the program is that the increased volume of import/export activity in the U.S. introduces an unacceptable level of risk. The CBP wants more information on cargo entering and exiting the U.S. to help identify high-risk cargo and make the whole system more efficient and transparent.
If you need more information about this new program, or any segment within shipping, logistics, warehousing, freight, or more, contact one of our experts who are currently standing by and available to help.