Self Storage in Penge, London, SE20

Imported products Logistics Case Study

Rubber products manufacturer usesnMoovit FTZ to improve cash flow

This major manufacturer makes rubber products for a wide range of uses, includingnsupermarket check-out counters, package handling, and exercise equipment. Thencompany imports raw material from overseas into the port in Norfolk, VA. So we used Moovit customer service resources to reduce administrative time. On the customeru2019s behalf, Moovit handled filing of monthly FTZ 214 documents with U.S. Customs and Border Protection.

Situation and Logistic Strategy

Rubber products manufacturer wanted tonstage this raw material at a warehouse close to key manufacturing sites in Eastern NC u2013nideally a warehouse with foreign trade zone (FTZ) status. Moovit Logistics fit the bill on all fronts and the companies have enjoyed a successful partnership since 2008.

Leverage FTZ advantages to improve cash flow

Moovit stores material in its generalnpurpose FTZ in Eastern NC. Since FTZs are considered outside U.S. Customs territory,nthere can be an immediate movement of goods to Moovitu2019s FTZ, delaying the paymentnof Customs duty and excise taxes until the product leaves the facility. To support unplanned activity spikes, Moovit can recruitntrained workers at a momentu2019s notice since four other Kanban warehouses are locatednvery close to the FTZ. This enables a very responsive inbound logistics solution without the need for outside temporary labor.

A SHORT BRIEF

Here to Help Your Business Need

Stop worrying about any shipping problems. Focus on your business.nLet us provide the support you deserve.