We’re delighted to announce that Vision have now been granted AEO status. Now recognised as an Authorised Economic Operator, this quality mark indicates that Vision’s position in the international supply chain is secure as well as proving our custom controls and procedures are efficient and compliant in accordance with HMRC requirements
In order to achieve AEO status, a company must first satisfy a number of criteria including a good tax and compliance history, appropriate security and safety measures, good commercial and transport record-keeping standards and financial solvency.
This is fantastic news for Vision as there are currently only 468 companies in the UK who have achieved AEO certification and it stands us in line with the likes of Asda, IBM, British Airways and The Disney Store – so we’re in good company!
Equally, it further cements our position in the international market as it provides us with an enhanced corporate profile, a competitive advantage and increased customer confidence in the way we do business.
The process surrounding an AEO application includes close scrutiny on the whole supply chain of a company including all partners, departments and processes involved all the way from procurement to fulfilment. This process itself offers huge benefits to a company as the intensive, end-to-end look at the business demonstrates its worthiness in being granted the mark of recognition which is why everyone at Vision is over the moon with the long-awaited result.
Other key advantages of gaining AEO accreditation include a lower risk score in risk analysis systems, priority treatment if physical controls are required, mutual recognition of AEO programmes could ensure faster movement of goods and, in turn, this may result in reduced theft and losses and fewer delayed shipments as containers are less likely to be stopped for customs inspection.
It’s truly been a momentous year for Vision as, after unifying the business earlier in the year and streamlining the offering to the market, the textiles company has gone on to receive a number of crucial accolades which underline the successes throughout the year.
Notably, Vision won the Business of the Year award at the E3 Business Awards, was ranked No.46 in the Sunday Times International Track 200, named as a finalist for International Company of the Year in the North West International Trade Awards and has now gained this important AEO accreditation.
Plus, with a brand new shop launching on 1st December who knows what successes the future will bring!