Category Archives: Blog

FTZ Report Shows Program Under Utilized in New England


Containers distribution

Foreign-trade zones are secure areas under supervision of U.S. Customs and Border Protection (CBP) that are considered outside the customs territory of the United States for the purposes of duty payment. Located in or near customs ports of entry, they are the U.S. version of what are known internationally as free trade zones. Authority for establishing these facilities is granted by the Foreign-Trade Zones Board under the Foreign-Trade Zones Act of 1934, as amended (19 U.S.C. 81a-81u), and the Board’s regulations (15 C.F.R. Part 400). The Executive Secretariat of the Board is located within Enforcement and Compliance of the U.S. Department of Commerce in Washington, D.C.

During Fiscal Year 2015, the FTZ Board received and docketed 85 requests, and issued 87 decisions. The FTZ Board’s decisions included the establishment of four new foreign-trade zones, the reorganization or expansion of 22 zones under the alternative site framework (ASF), as well as decisions on 54 applications and notifications for new or expanded production authority. Under delegated authority, the FTZ Board Staff processed an additional 181 requests that included minor boundary modifications and scope determinations.

There were 186 FTZs active during the year, with a total of 324 active production operations. Over 420,000 persons were employed at some 2,900 firms that used FTZs during the year. The value of shipments into zones totaled nearly $660 billion, compared with $798 billion the previous year. About 63 percent of the shipments received at zones involved domestic status merchandise. The level of domestic status inputs used by FTZ operations indicates that FTZ activity tends to involve domestic operations that combine foreign inputs with significant domestic inputs.

Warehouse/distribution operations received nearly $228 billion in merchandise while production operations received over $431 billion (65 percent of zone activity). The largest industries accounting for zone production activity include the oil refining, automotive, electronics, pharmaceutical, and machinery/equipment sectors.

Exports (shipments to foreign countries) from facilities operating under FTZ procedures amounted to over $84 billion.

Main Foreign-Status Products Received in U.S. FTZs

WAREHOUSE/DISTRIBUTION OPERATORS ($ million) PRODUCTION OPERATORS ($ million)
Vehicles 33,269 Oil/Petroleum 64,822
Consumer Products 12,781 Consumer Electronics 15,890
Consumer Electronics 11,153 Vehicle Parts 13,605
Electrical Machinery 10,954 Pharmaceuticals 6,416
Oil/Petroleum 9,665 Machinery/Equipment 6,104
Textiles/Footwear 8,907 Petrochemicals 2,606
Machinery/Equipment 7,731 Chemicals 1,498
Other Electronics 5,915 Other Electronics 1,316
Other Metals/Minerals 4,850 Plastic/Rubber 724
Pharmaceuticals 3,615 Aircraft/Spacecraft 722
Vehicle Parts 2,457 Other Metals/Minerals 513
Optical, Photographic and Medical Instruments 777 Consumer Products 448
Beverages/Spirits 733 Electrical Machinery 422
Plastic/Rubber 638 Optical, Photographic and Medical Instruments 314
Iron/Steel 479 Textiles/Footwear 209
Food Products 311 Advanced Fiber Materials 75
Tobacco Products 278 Fragrances/Cosmetics 67
Wood/Paper 175 Dyes/Pigments/Paints 67
Rail Cars, Parts & Equipment 153 Food Products 54
Stone/Plaster/Cement/Ceramics 126 Beverages/Spirits 54
Petrochemicals 118 Ships/Boats 45
Chemicals 103 Stone/Plaster/Cement/Ceramics 41
Fragrances/Cosmetics 95 Vehicles 39
Aircraft/Spacecraft 87 Iron/Steel 27
Advanced Fiber Materials 36 Arms/Ammunition 18
Arms/Ammunition 8 Wood/Paper 9
Dyes/Pigments/Paints 3 Rail Cars, Parts & Equipment 7
Ships/Boats 2

Article by our partner :
Glenn Page, Foreign Trade Zone & Customs Expert
Foreign Trade Zone Solutions LLC

 

EBR makes a quantum leap and doubles its revenues with SAP Business One and N’ware Technologies


“SAP Business One allowed us [EBR] to double our revenues and enabled us to control production flows, which made us take a giant step forward. SAP Business One is THE system.”

EBR Inc., a specialist in the development and manufacturing of food processing equipment, was looking for a 100% integrated system, to simplify data management and streamline its business processes. EBR had been running two different systems which caused duplicated manual entries and a lack of reliability during data transfer. EBR went through a comprehensive ERP selection process to evaluate potential candidates. SAP Business One was, for EBR, the most complete solution to suit their needs, and N’ware Technologies was the ideal partner to help them throughout the implementation process and to support the company’s future growth.

Solutions Highlights:

  • Fully integrated business management solution
  • Effective large-scale projects management
  • Easily extended functionalities to meet evolving needs
  • Increased control of production flows

 

About ERB Inc.

EBR Inc, a Quebec-based company, offers the technology and expertise to optimize your production. The company offers a range of durable equipment and machinery to process whatever food you produce – dairy, cosmetics, pharmaceuticals, beers, pastries and more.

For more information about ERB Inc. visit their website here: www.ebrequipment.com

 

Boston Organics Promoting Healthy Food Habits with N’ware Technologies & SAP Business One


We looked at some systems that were just plug-in right out the box, others that you had to fully customize, and we felt that SAP Business One was somewhere in the middle. It gave us some right out of the box functionality as well as was flexible enough to customize certain aspects of it that allowed us to maintain the uniqueness of our business.”

Boston Organics used several systems and databases to manage their clients, inventory and deliveries, which over the years became highly inefficient and didn’t allow to introduce improvements in their business model.

Solution Highlights:

  • Fully integrated business management solution
  • System’s flexibility and scalability
  • Easily extended functionalities to meet evolving needs
  • User friendly and intuitive interface

 

About Boston Organics

Boston Organics provides access to fresh, organic produce to promote and support healthy living in a mindful and sustainable way that respects the environment supports local farms, local businesses, and fair-trade practices.

For more information about Boston Organics, visit their website here: www.bostonorganics.com

Private Equity CFOs Need Technology and Support to Succeed


The clock starts the very moment a CFO steps into the portfolio company of a Private Equity Firm and their job isn’t an easy one. The CFO must review and analyze volumes of financial data, then determine how to make the smart decisions that can turn a company around. A modern enterprise resource planning (ERP) solution can streamline data management, offer business intelligence, and strengthen communication between stakeholders, CEO and other key players.

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Private Equity Firms Create Investor Value With ERP and CRM


Private equity firms are in the business of investing in portfolio companies, each of which need to increase revenue, reduce waste and generate healthy profit margins to create value for shareholders and investors. In order to reach these lofty goals, more firms are turning to modern technology. A fully integrated ERP and CRM solution will provide greater control and insight over finances, operations, and improve the bottom line.

Manage Cost-Cutting Initiatives With ERP

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Foreign Trade Zone procedures to cut down on manufacturing costs


By David Trumbull and Glenn Page, independent business consultants with expertise in Foreign Trade Zones

What is a Foreign Trade Zone?

In 1934, Congress enacted the Foreign Trade Zones Act “to expedite and encourage foreign commerce.” The Act created domestic “foreign-trade zones”, and was designed to stimulate international trade and create jobs in the United States.

When you operate under Foreign Trade Zone procedures, your company is treated (for purposes of customs duties) like it’s located outside the United States. That can mean that U.S. import duties don’t have to be paid on imported components coming to your factory. If your finished product is ultimately shipped to the U.S. market, you may have the option of paying the finished product duty rate rather than the component duty rate. (Many finished products have lower duty rates – or are duty-free – than their components.) And if you re-export the finished product, you don’t ever pay duties on the component materials. There are other potential savings, too, like avoiding duties on imported materials that become scrap, and possible administrative savings and efficiencies.

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Control Inventory Before It Controls You By Deploying The Right ERP Solution


Simplify Inventory Optimization With the Right ERP Solution

With thousands of inventory items to track, busy manufacturers and distributors can easily lose sight of inventory and cash flow. Growing businesses simply can’t manage sales order processing and fulfillment for high volumes of quick-moving inventory using spreadsheets and manual means. Gain greater control and insight over inventory by deploying an integrated enterprise resource planning (ERP) solution tailored for manufacturing and distribution.

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Rule to increase Contractor Information System Security for Controlled Unclassified Information (CUI)


Effective June 15, 2016, the Federal Acquisition Regulation (FAR) has a new amendment which covers basic safeguarding of all “covered” Contractor Information Systems, including accounting software and ERP systems, in regard to Controlled Unclassified Information (CUI). This amendment has been four years in the making and covers the General Services Administration (GSA), Department of Defense (DoD), and National Aeronautics and Space Administration (NASA).

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SUCCESS STORIES

  • “We have had our two highest months in sales on record since going live with SAP Business One.”
    – Mathieu Hamel, R&D Director

    Claisse is now able to locate information and measure the data to make informed decisions about the future of the company.

     

     

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  • “Implementing SAP Business One has had a huge impact on our business in terms of time savings. Previously, we could spend half a day searching for information so that we could do our follow-ups with customers.  We have been able to cut down our printing by 80% and in addition we have practically eliminated duplicate work, which allows for huge time savings.”

    Kevin Raynor, Purchasing

     

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