You've decided to start importing. Congratulations! You have made a decision to get involved with international trade and eCommerce. What a fantastic time to do so considering the exponential growth eCommerce is experiencing.

Compliance, Colleagues, Communication

Gaining buy-in to a trade compliance program  may seem like a daunting task, but do not worry, it is possible to achieve.

Foreign Trade Zone

Foreign Trade Zone (FTZ) areas are secure locations under the supervision of the United States Customs and Border Protection (CBP) and are considered to be outside of the U.S. Customs territory when considering duty payment. Ultimately, this means that you can find cost-savings through the use of these areas and framework.

If you believe knowledge is power, then partnering with your broker in the Broker-Known Importer Program (BKIP) is your answer. As an importer, you are required to provide detailed information regarding your goods when bringing them into the United States. Software and electronic communications are available in the marketplace to make the Customs clearance process more seamless and efficient. However, importers can also participate in voluntary programs to help prevent delays in the Customs clearance of their goods.

Customer experience (CX) and eCommerce is revolutionizing the supply chain. Determining how to deliver an end-to-end experience for your customer smoothly will improve profits. Overall, the industry agrees that the customer's experience is a top priority - especially for retailers. The Internet of Things (IoT) and supply chain management tactics are making progress in these days of rapid change.

The Total Cost of Ownership (TCO) is the big story that ultimately determines the efficiency and cost effectiveness of your supply chain. By quantifying and measuring costs, there is no doubt that determining TCO is a complicated and time intensive process, but it is one that pays off in the end. With diligence, the TCO can be thoroughly completed and improve your supply chain understanding.