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Showing 1-6 of 6 results
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Mistakes in a bonded warehouse can be costly, even illegal
Business, Published on 03/05/2017
» One area of the bonded supply chain that requires more focus is managing the picking process when filling customer orders. In many cases this function relies on people, so human error is a risk, particularly for fast-moving consumer goods where products may be picked at the carton or even unit level, such as a packet, package or bottle. In this busy environment, it's possible that an order will be incorrectly picked, resulting in a shipment containing the wrong products or quantities loaded onto a truck.
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Warehouse security: a cost-benefit analysis for 'bonded' goods
Business, Published on 08/03/2017
» Global businesses undertaking their own international distribution are likely at some point to consider whether they should license some of their distribution centres to hold imported products on which customs duties and taxes have not yet been paid. While there are added costs associated with licensing fees payable to local customs agencies, and further compliance costs to ensure adherence to local customs laws, there can be substantial savings from being able to defer potentially large import duty and tax payments until closer to the time that the goods are on-sold.
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Securing the Asean-China supply chain with 'authorised economic operators'
Business, Published on 08/02/2017
» Facilitating the movement of cargo in a secure international supply chain is one of the goals of the World Customs Organization, which has developed the SAFE Framework to help meet those goals. A key component of the framework is the Authorised Economic Operator (AEO) programme.
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Logistics and 'tax suspended' goods
Business, Published on 16/11/2016
» Third-party logistics (3PL) providers often provide specialised warehousing and distribution services for industries making goods that have particular storage or transport needs, such as refrigeration, bulk liquid handling, or for dangerous goods. However, one specialisation that is timely to discuss is that of bonded warehousing.
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Is it time to invest in 'soft infrastructure' for region?
Business, Published on 19/10/2016
» With the start of the Asean Economic Community (AEC) last December, it is timely to have a discussion about the ease and costs of trading within the region. No one can dispute that we have seen substantial reductions in customs duties through the Common Effective Preferential Tariff (CEPT) scheme of the Asean Free Trade Area (Afta), but what about the other complexities and costs in moving goods across our borders?
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Asean and free trade: Are excise taxes new customs duties?
Business, Published on 05/10/2016
» The Asean Economic Community (AEC) officially came into effect on Dec 31, 2015. Businesses may not have noticed any difference that day as many of the related agreements were already in place; the date was more of a milestone on a longer journey. The next milestone is in 2018 when all goods of Asean origin will be free of import tariffs within the region under the Common Effective Preferential Tariff (CEPT) scheme of the Asean Free Trade Area.
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