Freight delays, port congestion, and capacity shortages continue as renewed consumer demand overwhelms and disrupts supply chains impacting B2B and B2C markets around the world. The COVID-19 pandemic hit the entire freight shipping lifecycle hard. Despite transportation growth rate edging 5 percent, shippers are rethinking contracts, looking several quarters down the road, wondering how to hedge their bets against unpredictable demand.
Supply Chain News
In many cases, importers and exporters can save significant amounts of money by utilizing the Foreign Trade Zone (FTZ) program. Originally created in the 1930s, the purpose of the FTZ is to help improve the competitiveness of United States businesses on the global market by reducing costs from taxes and tariffs and customs duties and decreasing burdensome regulations.
As a supply chain manager or logistics professional, you know how vital it is to find a dependable transportation provider to handle your large shipments. But even if you find a great transportation company, your efforts might be in vain if the items you ship are not properly packaged or crated. Below is a look at the importance of custom crating and the key reasons why you need expert crating solutions to protect your shipments.
With one of the most extensive and experienced customs clearance operations in the logistics industry, our goal is to provide our customers with a smooth and hassle-free experience when moving cargo from country to country.
In 2020, Mexico became the leading trade partner for the United States for the first time in history. While the trading relationship between the U.S. and Mexico has always been fruitful, the recent increase in trade growth is impressive, with Mexico surpassing China and Canada to occupy the top trading spot.
Importers, you will want to be aware of the new aluminum license requirements going into effect on June 28th, 2021.
Most consumers are unaware of the incredible logistics that go into moving high-value freight by truck across this country. They shop at places like the Apple Store and purchase gasoline at the pump, but they rarely stop to wonder about the infrastructure that makes these modern miracles possible. For instance, when shipping electronics and computer parts across the country by truck, you need to attend to dozens of details, from precisely managing humidity and temperature levels to protecting cargo from theft. When moving oversized oil and gas pipeline components, meanwhile, you may have to map out your route in great detail to make sure your truck can haul the load safely on the road. Delays and inefficiencies can cost companies thousands of dollars. Packing and shipping errors can cause accidents.
The U.S. – Mexico – Canada Trade Agreement (USMCA) will replace NAFTA entering into force on July 01, 2020.
Incoterms, or trade terms, are an essential element of international sale contracts set forth by the International Chamber of Commerce (ICC). They explain the division of risks and costs concerning shipping and import and export clearance between the buyer and seller. While Incoterms may seem like a dry topic, when changes arise in Incoterms, experienced compliance managers, customs brokers, export managers, and the like take notice.