We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Flexport trade advisory service aims to help importers mitigate rising tariffs
New consulting office provides guidance in an era of “global trade chaos,” firm says.

Flexport trade advisory service aims to help importers mitigate rising tariffs

February 28, 2020
DC Velocity Staff
No Comments

Freight forwarder and customs broker Flexport International LLC has launched a service to help its U.S. clients navigate international supply chain challenges in the current era of “global trade chaos,” the firm said Wednesday.

Flexport’s “Trade Advisory” service is designed to help users identify cost saving opportunities, explore tariff mitigation strategies, minimize operational risk, and implement best practices for trade compliance, the San Francisco-based firm said. Following its U.S. launch, the company plans to expand the new Trade Advisory Services into Canada, Europe, and Asia.

According to Flexport, the U.S.-China trade war caught many shippers off guard as they faced unforeseen duty amounts, customs audits, and penalties. At the same time, U.S. Customs and Border Protection (CBP) has increased enforcement efforts across all products and industries. Finally, there were more changes to Customs HTS (harmonized tariff schedule) codes in 2018 and 2019 than in the previous eight years combined.

Together, those policies have pushed prices up for importers. Flexport says that its clients have seen the percentage of customs duties they pay on U.S.-bound import shipments from China increase by 84% between 2018 and 2019, relative to freight and commercial invoice value.

“Over the past few years, we’ve seen changes in customs and trade regulation and enforcement occur at an unprecedented level as compared to years prior,” Adam Dambrov, director of Flexport’s Trade Advisory Services, said in a blog post. “While larger companies might be able to absorb some of this cost, the increased cost and complexity for small- and medium-sized businesses could mean a make or break situation—part of the driving mission to establish Flexport Trade Advisory Services.”

“Customs has always been high stakes: it is one of the more data-intensive functions within logistics, with penalties for small errors and the potential to disrupt a company's supply chain,” Adam Dambrov, director of Flexport’s Trade Advisory Services, said in a release. “Our team brings decades of deep customs and global trade experience to help clients proactively uncover what’s possible and build resilient supply chains, rather than just mitigating Customs-related costs and issues.”

Flexport Trade Advisory works by analyzing SKU-level data from the Flexport Platform to provide strategies such as duty drawback and country of origin analysis, helping clients find opportunities for savings, minimize operational risk, and establish compliance best practices, the company said.

The new service follows Flexport’s recent moves to offer warehouse space in Vietnam to help its clients avoid escalating tariffs on U.S.-China trade, and to launch an intelligent cargo matching platform that provides ocean freight consolidation services by identifying available container space on compatible shipments.

 

The trade war goes on, but so do opportunities to save. Find out how Flexport’s new Trade Advisory service can help protect your business. https://t.co/4OAOk4BOh9 #tradeadvisory #freightforwarding pic.twitter.com/1yljMtaeLN

— Flexport (@flexport) February 27, 2020
Global Logistics Business Management & Finance
  • Related Articles

    ATA: Trump tariffs on intermodal containers would have cost logistics companies $63 million per year

    Air cargo sector slumped in October under tariff weight

    "Calmer waters" in trade wars could boost economy in 2020, Paul Ryan says

Recent Articles by DC Velocity Staff

ATA cheers court ruling upholding looser hours of service caps

Carry (or at least measure) that weight

December cargo volume up in Houston, Oakland

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • For container lines and ports, what a difference a year makes

  • Outlook 2021: What’s in store for logistics supply chain?

  • Capacity challenges will continue in 2021

  • Shippers brace for tight capacity trend to continue in 2021

Now Playing on DCV-TV

Jlt procure rugged devices thumb

What it takes to procure the right rugged devices for your warehouse

DCV-TV 4: Viewer Contributed
Procuring new rugged devices for your warehouse is often a big decision and a significant investment. It needs careful planning and consideration. It involves more than ticking boxes on a spec sheet. It includes testing and getting employee buy in. And it's about finding a partner that can work with you to deploy...

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing