The United States International Trade Commission has updated the Harmonized Tariff Schedule of the United States. This revised edition of the 2016 Harmonized Tariff Schedule takes effect July 1, 2016.
It is a good business practice to review your codes at least once per year to make sure you are in compliance. For help with your codes contact mitch@52.91.45.227
The World Bank has posted their Logistics Performance Index for 2016. The index benchmarks 6 areas of performance and gives nations a score from 1-5 for each area. The benchmarks are 1) Efficiency of customs clearance process, 2) Quality of trade related infrastructure, 3) Ease of arranging competitive pricing for shipments, 4) Competence and quality of logistics services, 5) Ability to track and trace shipments, and 6) Timeliness of shipments in reaching destination within scheduled time of arrival.
For 2016 the US ranks 10th overall with an average score of 3.99 for the 6 benchmarks. The highest US score is 4.25 for timeliness, and the lowest is 3.65 for ease of arranging international shipments. This may be due to the wide variety of services available to US traders which can make comparisons more complex.
http://lpi.worldbank.org/international/global
Ad Hoc Logistics is currently working with a company in the medical field on a research project. We are compiling data about import regulations specific to medical products for 10 countries. If you need help with regulations contact mitch@52.91.45.227 .
The Trifecta: supply chain, an interactive map and…donuts. (Its National Donut Day, after all)
http://archive.boston.com/yourtown/specials/starbucks_vs_dunkin_donuts/
Great, quick Reauthorization summary
Drawback times are a-changin’
http://blog.tradewin.net/holy-cow-the-drawback-program-is-actually-and-finally-changing
Here is a link to my recently published LinkedIn post. Contact mitch@52.91.45.227 if you need help with logistics or regulations.
Happy Friday!
http://www.beercanada.com/economic-impact-beer
Its graduation season and here’s some great career advice…
http://www.inboundlogistics.com/cms/article/career-solutions-supply-chain-graduates-now-what/
That time Neil Armstrong got held up in Customs…
https://mobile.twitter.com/historyepics/status/736171851752296448/photo/1
Here is a link to my recent LinkedIn post. Enjoy!
Newly Renamed Trade Advisory Committee Meets in DC
The Shipping News: A Global Vessel-Sharing Deal is Brokered
http://www.wsj.com/articles/asian-european-shipping-lines-form-new-alliance-1463124018
Trending: Logistics (Finally!) Takes Center Stage
http://www.supplychainnetwork.com/logistics-is-the-new-black/
Amazon’s Rapid Cargo Growth Continues
Attention Logistics Geeks – an interactive map of every global shipping route!
http://www.businessinsider.com/kiln-interactive-map-of-global-shipping-2016-4?r=UK&IR=T
Union Customs Code (UCC) Implemented Beginning May 1, 2016
http://ec.europa.eu/taxation_customs/customs/customs_code/union_customs_code/ucc/index_en.htm
Norwegian Airline Gets Initial Approval to Expand US Flights
Newly Expanded Panama Canal has its first visitor:
Coast Guard: No New Container Weight Rules Coming
http://www.wsj.com/articles/coast-guard-no-new-container-weight-rules-coming-1461953237