A Foreign Trade Zone
(FTZ) can be a game changer for a company who manufactures and imports its products
into the Port of Los Angeles, or any company near a port operation. There are significant benefits to be
gained by taking advantage of an FTZ.
Some of the main benefits include:
·
Duty Deferral
on Product. Inventory is brought into the Foreign Trade Zone and held,
without duties and taxes being assessed, until the product leaves the FTZ -
presumably to be fulfilled as a paid order to a customer.
·
Port Fees
Reduction. For importers that are bringing in more than 1 container per
week, there can be significant reductions in the port fees by utilizing
a Foreign Trade Zone.
·
Duty
Elimination on Product. Inventory re-exported or destroyed without ever
leaving the Foreign Trade Zone does not ever get taxed as a US
import.
·
Speed to
Market. Product destined for the Foreign Trade Zone bypasses customs
delays in the port because it will clear customs in the FTZ, thereby
getting product available to sell sooner.
Using a Foreign Trade
Zone helps to more consistently align the cost of your product with the revenue
event, thus impacting both profitability and cash flow.
Vision Consumer Products
Fulfillment has decades of experience and industry expertise in consumer
products fulfillment services. No
matter who your customer is, we treat your customer as our own. We know what makes a raving fan out of an
individual customer, as well as what makes a business partner trust you with
their business. Call or email us to
learn how. We’re certain we’ll be the best fulfillment warehouse partner you
have ever had!
Vision Consumer Products Fulfillment
Fulfillment Warehouse
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