FTZ certified at its Chicagoland Logistics Center near Joliet; status offers benefits for importers
Chicago — October 4, 2005 — Supply chain management company DSC Logistics has been foreign trade zone certified and activated for its Chicagoland Logistics Center, located near Joliet, Ill., the company has announced.
The U.S. Foreign Trade Zone is a federal program created to help international and domestic companies reduce costs and increase efficiencies. Use of a foreign trade zone helps level the playing field between U.S. operations and international competitors by helping attract foreign investment in the U.S. market and encouraging national companies to expand domestic operations while realizing savings.
Because goods admitted into an FTZ are not considered part of U.S. commerce upon arrival into the zone, the customs entry procedure does not occur until the goods leave the zone for domestic distribution. FTZ benefits include lower inventory costs, duty exemption on re-exports, duty elimination on waste, scrap and yield loss, merchandise processing fee savings and duty deferral, as well as supply chain cycle time reduction, according to DSC.
In many cases, imported parts that are assembled into a finished product in an FTZ may be dutiable at a lower duty rate, rather than the higher duty that would be applied on the imported components, which helps level the playing field for domestic manufacturers.
"With our FTZ status, we look forward to providing operating efficiencies to our customers, resulting in reduced, deferred or eliminated costs that normally accrue doing import business in the United States," said Ann Drake, CEO of DSC Logistics. "We can also provide international expertise for our manufacturing customers that have international supply chain needs."
Additional Articles of Interest
— For seven tips to improve regulatory compliance, reduce operating expenses and streamline global supply chains, read the SDCExec.com exclusive, "Cross-border Trade: Keeping on Top of Customs Regulations."
— Eugene McCabe, architect of Sun Microsystems' Customer Fulfillment in Transit process, discusses the challenges and rewards of taking links out of the company's supply chain in "Anatomy of the 'Zero Touch' Supply Chain," in the August/September 2005 issue of Supply & Demand Chain Executive.
— Supply chain executives are discovering new ways to apply technology and innovative processes to the challenge of managing uncertainty. Read more in "Rethinking Risk," cover story in the August/September 2005 issue of Supply & Demand Chain Executive.
Chicago — October 4, 2005 — Supply chain management company DSC Logistics has been foreign trade zone certified and activated for its Chicagoland Logistics Center, located near Joliet, Ill., the company has announced.
The U.S. Foreign Trade Zone is a federal program created to help international and domestic companies reduce costs and increase efficiencies. Use of a foreign trade zone helps level the playing field between U.S. operations and international competitors by helping attract foreign investment in the U.S. market and encouraging national companies to expand domestic operations while realizing savings.
Because goods admitted into an FTZ are not considered part of U.S. commerce upon arrival into the zone, the customs entry procedure does not occur until the goods leave the zone for domestic distribution. FTZ benefits include lower inventory costs, duty exemption on re-exports, duty elimination on waste, scrap and yield loss, merchandise processing fee savings and duty deferral, as well as supply chain cycle time reduction, according to DSC.
In many cases, imported parts that are assembled into a finished product in an FTZ may be dutiable at a lower duty rate, rather than the higher duty that would be applied on the imported components, which helps level the playing field for domestic manufacturers.
"With our FTZ status, we look forward to providing operating efficiencies to our customers, resulting in reduced, deferred or eliminated costs that normally accrue doing import business in the United States," said Ann Drake, CEO of DSC Logistics. "We can also provide international expertise for our manufacturing customers that have international supply chain needs."
Additional Articles of Interest
— For seven tips to improve regulatory compliance, reduce operating expenses and streamline global supply chains, read the SDCExec.com exclusive, "Cross-border Trade: Keeping on Top of Customs Regulations."
— Eugene McCabe, architect of Sun Microsystems' Customer Fulfillment in Transit process, discusses the challenges and rewards of taking links out of the company's supply chain in "Anatomy of the 'Zero Touch' Supply Chain," in the August/September 2005 issue of Supply & Demand Chain Executive.
— Supply chain executives are discovering new ways to apply technology and innovative processes to the challenge of managing uncertainty. Read more in "Rethinking Risk," cover story in the August/September 2005 issue of Supply & Demand Chain Executive.
- More articles about DSC Logistics.
