Technology advancements are making export controls more important than ever

Russia’s invasion of Ukraine has sparked a war with unusual implications: The U.S. has stepped up sanctions and export controls. But companies are increasingly learning that the most seemingly innocuous products can find themselves in “dual use,” as a product for daily life and a product for war. A gyroscope or a more advanced GPS chip might help improve a smartphone’s capabilities, but they can also help to guide a missile.

Speakers and attendees at Compliance Week’s Third-Party Risk Management Summit in Austin, Texas, on Wednesday discussed how they can prepare and think ahead, so that their products don’t accidentally find their way into a war zone.