Signed into law on December 23, 2021, the Uyghur Forced Labor Prevention Act (UFLPA) created a rebuttable presumption to ensure that any imported goods are not produced wholly or in part with convict labor, forced labor, and/or indentured labor – including forced or indentured child labor. Any goods, wares, articles, and merchandise mined, produced, or […]
Are you interested in launching an import/export business? As with any startup, there are a lot of things to consider. Ideally, you should have a business background and experience in global finance coupled with international relations. In this guide, we’ll explore a few basic steps to starting an import/export business. Business Basics As with any […]
Congress regulates and taxed international imports and exports. The U.S. also uses a highly effective tariff system along with very concise regulations of imported goods. The revenue raised is then used for the Treasury. If you are interested in obtaining an import business license, then you’ll want to familiarize yourself with the regulations delegated by […]
Regularly collecting data on the nation’s rail delays and port congestion impacting the supply chain and business operations, the NCBFAA Transportation Committee’s Logistics Subcommittee has compiled the latest data in the form of an Excel spreadsheet for reference. The spreadsheet breaks down everything regarding from-port, to-port, rail, and notes on specifics of how long […]
Freight forwarders function as the middle person that ensures that our business continues to run smoothly, and your goods reach their destinations. Nowadays with supply chain bottlenecks becoming the norm, freight forwarders are struggling to cope so everyone involved is happy. They want to ensure that the transportation of goods is overseen correctly. Tips on […]
The world is focused on sustainability and supply chains are no different. Companies are now demanding that 3PLs offer sustainable options to meet the needs of consumers and investors. Matt Waller, dean of the Sam M. Walton College of Business and a supply chain management professor at the University of Arkansas, recently talked in […]
The complexity of shipping freight internationally has an incredibly unique set of rules for the import and export of goods. Sobel Freight Forwarder has experience and knowledge of all aspects of export shipping. They can offer professional export services to remove the stress of sending goods overseas. The reliable export of goods to countries all […]
If you plan on selling or shipping goods internationally then you’ll need to fill out standard documents for exporting. You’ll want to check with your foreign customer and importer or freight forwarder to determine the exact documents required. You’ll want to ensure that you have the proper documents so your goods clear customs and reach […]
Yesterday, March 23, 2022, it was announced that the Office of the United States Trade Representative (USTR) is determined to reinstate 352 expired China 301 exclusions. This applies to merchandise imported between October 12, 2021 and December 31, 2022. Following the solicitation of public comments in connection with the USTR’s evaluation of 549 previously expired […]
Currently, there has been a halt to shipping to Russian and Ukrainian ports as the conflict continues to remain dangerous. In addition, all cruise liners have canceled their port calls to Russia. Russia is one of India’s engineering exports in the Commonwealth of Independent States (CIS) region. At this time, the halt has impacted shippers […]
