Transaction VerificationOctober 15, 2020 2020-10-19 2:09
SGS is the world’s leading inspection, verification, testing and certification company.
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 94,000 employees, they operate a network of more than 2,600 offices and laboratories around the world.
SGS’s services can be divided into four categories:
- Inspection: A comprehensive range of world-leading inspection and verification services, such as checking the condition and weight of traded goods at transshipment, help you to control quantity and quality, and meet all relevant regulatory requirements across different regions and markets
- Testing: Their global network of testing facilities, staffed by knowledgeable and experienced personnel, enable you to reduce risks, shorten time to market and test the quality, safety and performance of your products against relevant health, safety and regulatory standards
- Certification: SGS enables you to demonstrate that your products, processes, systems or services are compliant with either national or international standards and regulations or customer defined standards, through certification
- Verification: SGS ensures that products and services comply with global standards and local regulations. Combining global coverage with local knowledge, unrivalled experience and expertise in virtually every industry, SGS covers the entire supply chain from raw materials to final consumption.
Established in 1878, SGS transformed grain trading in Europe by offering innovative agricultural inspection services. The Company was registered in Geneva as Société Générale de Surveillance in 1919. From the beginning in 1878 as a grain inspection house, SGS has steadily grown into the industry leader. This has been achieved through continual improvement and innovation and through supporting the customers’ operations by reducing risk and improving productivity.
SGS has historically served traders since its inception. For both trading parties to feel fulfilled in their side of the deal, the key component is trust. Trust that the product is what it is supposed to be (whether commodities, industrial goods, consumer goods, but also financial papers, bonds, loans, and so on).
SGS is the neutral and independent provider of all the information that helps build trust between trade partners. SGS certifies that products are in compliance with laws, regulations, rules, standards, import/export requirements, safety regulations, chemical composition, durability, environmental impact, for example.
SGS inspects, tests and verifies that the commodities bought at one side of the planet from another side of the planet are of the specified quality, in the specified quantity. They provide the independent control and assurance which allows banks and the finance world to provide loans and letters of credit to those who trade, by independently assessing and assuring that the traded goods are indeed what the parties expect them to be, in the specified quantity.
SGS also helps countries who are ramping up their institutional infrastructure with dealing with import and export control, compliance inspections at departure or destination, also providing valuation services which help countries maintain a smooth flow of commerce in and out of their borders as well as providing solid and independent information for import/export taxes purposes. By doing this SGS helps ensure that global trade flows continue to function as efficiently and fairly as possible.
SGS is the world’s leading training, testing, inspection, certification and verification company, with experience, expertise and a global reach.