Foreign Trade Zones (FTZs) have been around since 1934, created as part of the New Deal in the depths of the Great Depression to spur commerce and international trade. Yet many retailers are still not aware the program exists, or of the benefits they can realize from deferring or eliminating import duties, tariffs and taxes. Depending on the volume of orders handled, companies can save millions of dollars in costs annually. So, what is involved in the calculus to determine if the FTZ program is worth the investment? And who do you partner with to make the endeavor a success? In this special report, experts in logistics, importing and FTZ operations give you all the information you need to make an informed choice.
You will learn?
- About the various benefits available through the FTZ program
- How a major apparel retailer saved an average of $10 million annually through FTZ
- How lobbying efforts and legislation aim to create a level playing field for U.S. retailers
- How to develop a basic calculation for ROI and annual savings
The post Foreign Trade Zones: A Hidden Gem for Retailers appeared first on Multichannel Merchant.
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