A Global HTS Solution

Posted on September 12, 2019. Category: Trade Publications

The World Customs Organization is represented by 183 customs administrations and represents 98% of the world’s trade. When goods are shipped internationally, they must be classified for customs purposes using a Harmonized Tariff Schedule Number (HTS). Each separate product is assigned a classification code and amongst other things, the HTS number is used to determine the applicable duty rates. One of Allyn International’s core competencies is HTS classification, with services offered on a local or global level. Regardless of country of import, Allyn can provide correct HTS number(s) for your products to ensure compliance with applicable... Read More

Incoterms 2020

Posted on September 11, 2019. Category: Trade Publications

On September 10, 2019 the International Chamber of Commerce launched Incoterms® 2020. Incoterms® rules on the use of domestic and international trade terms and facilite the conduct of global trade.In order to be effective, contracts will have to specify that Incoterms® 2020 are being used. This updated edition of trade terms seeks to provide clarity to companies in several areas:Key Changes for 2020Change in the three-letter name from DAT to DPUIncoterms® 2020 replaces DAT (Delivered at Terminal) with DPU (Delivered at Place Unloaded). This broadens delivery to places other than a terminal. DPU is the only... Read More

Supply Chain & Its Environmental Impact

Posted on September 11, 2019. Category: Logistics Publications

With out a doubt, over the years, supply chain management has become an indispensable part of business. With supply chain management comes the power to boost customer service and reduce operating costs. This then leads to improvement of the financial standing of a company. Since supply chain management is a highly elaborate system used by many different sized companies, it is important to know its effects on a world-wide basis.  There has been an increased awareness of the earth’s sustainability lately, and one of the trending topics is how supply chain management impacts the world’s... Read More

Congestion Pricing's Future Effect on Infrastructure

Posted on September 11, 2019. Category: Logistics Publications

As most in logistics and transportation already know, the nation’s infrastructure is a constant topic of worry for everyone between ground level operations to politicians.  Cities are strapped for cash because the funding for upkeep and upgrades simply hasn’t been allocated or isn’t available.  The federal government drags its feet in favor of designer grievances spurred by populism and what sells in the media. The state and local governments are already overwhelmed and underfunded just to keep the crumbling roads, bridges, tunnels, and decaying of older mass transit systems from reaching critical... Read More

2019 Asian International Logistics Technology and Transport System Exhibition

Posted on September 11, 2019. Category: Logistics Publications

The 2019 Asian International Logistics technology and Transportion System exhibition will be held this year from October 23rd through the 26th in Shanghai, China.This exhibition will have 630 exhibitors to be attended, and it will have around 70,000 square meters of exhibition area.The main exhibits of this exhibition are as below:Mechanical handling equipment Warehousing Technology and Workshop Equipment Packaging and order picking equipment Loading Technology Material handling technology, warehousing technology and logistics systems Traffic engineering Internal Material System and Software technologyIn the mean time, China has incorporated the logistics industry into the 12th Five-Year Plan recently years.... Read More

How One App Can Help Driver Shortage

Posted on September 10, 2019. Category: Logistics Publications

Everyone knows about Uber and how it has transformed the Taxi business. Now Uber Freight is on the rise and is about to transform the transportation business. Think of it as Uber, but for Truck Drivers. Although that may not sound ideal, there is an increasing problem in the supply chain industry, the problem being driver shortage.  Driver shortage is starting to significantly impact our economy in a subtle yet harmful way. It has caused inflation in our economy to the point where it has disrupted many companies' earnings per share. In Corporate America, if you look at our... Read More

Wayfair Impact on Exemption Certificate Management

Posted on September 10, 2019. Category: Tax Publications

If preparing, issuing, collecting, verifying, and storing exemption or resale certificates for exempt sales made in the US was not a daunting task previously, it most certainly is now. Just over a year after the Wayfair decision that rocked the sales tax world, businesses are now faced with a myriad of resulting dynamics that will affect their time, profitability, and compliance. How a company manages those changes can have a positive effect on their state and local sales tax compliance as well as their profit margin if done well.Administrative BurdenNow that not only physical nexus but also economic... Read More

Fyre Festival - A Logistical Nightmare

Posted on September 10, 2019. Category: Logistics Publications

Background StoryIn 2017, a viral social media campaigned was launched by Fyre Media about an immersive music festival on the island of Great Exuma (previously owned by Pablo Escobar) in the Bahamas that was to be thrown in spectacular fashion. Millions of young individuals wanted nothing more than to party with the A-List celebrities promised to attend, as well as to dine with gourmet food and rest in what seemed to be, luxury eco-friendly villas.Tickets were starting at $500 and went up to $12,000 for a VIP experience and private airfare. However, the event didn’t quite go as planned.... Read More

EPA Import Changes

Posted on September 09, 2019. Category: Trade Publications

It is more important than ever for a company to exercise reasonable care and ensure compliance with all Environmental Protection Agency (EPA) importing requirements.  Numerous new regulations have been put in place and enforcement of these new regulations has begun.Formaldehyde Emission StandardsIn December 2016, new formaldehyde emission standards affecting hardwood plywood, particleboard, and fiberboard were put in place to ensure only compliant materials are sold or further incorporated into finished goods. This will greatly affect the furniture and construction industries as well as any importer who imports any applicable wood items.Recently, the EPA levied a $500,000 fine on... Read More

Section 301 News: Trump Raises Tariffs to 30%

Posted on August 27, 2019. Category: Trade Publications

On August 23rd, President Trump announced that he will continue to increase tariffs on goods from China. Subsequently, the USTR announced that the tariffs currently in place will be raised to 30% effective October 1. As for lists 4A and 4B, they will now be increased to 15% effective Sept 1 and Dec 15 respectively.Latest Tariff Increase Schedule List  Current Rate  New Proposed Rate  Effective Date  1 25% 30% October 1, 2019 2 25% 30% October 1, 2019 3 25% 30% October 1, 2019  4A6 10% 15% September 1, 2019 4B 10% 15% December 15, 2019This is widely viewed as the President’s response to Beijing increasing its own tariffs on more goods from the U.S.  Aside... Read More

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