Supply chain management is a critical aspect of a business as it directly and indirectly impacts a company’s business operations, with a variety of problems attached to the process. The use of technology continues to expand, and with it comes benefits and ramifications. While the pros of technology include cost reduction, efficiency, inventory control and … Read more
The last few years have been filled with highs and lows for U.S. businesses involved in international trade. Imports and exports have soared, along with the trade deficit, while relationships with some top U.S. trade partners have strained. Since we last took a look back at the year in international trade (U.S. Trade Hits Record … Read more
As an exporter, you’re probably familiar with the Harmonized System (HS) and Schedule B codes, but you may not be as familiar with the role of the Harmonized Tariff Schedule, or HTS, codes.
In this article, we’ll cover the basics of the HTSUS, including what it is, when it should be used and why Schedule B codes are a better option for companies that export only.
As the global economy continues to grow, buyers will continue to expect the rapid transit of goods via air freight. In the United States, air cargo freight was a $122.96 billion industry in 2021; it is poised to continue its growth into the next decade.
Below, Robert Khachatryan, CEO and founder of Freight Right Global Logistics, shares some information around the basic concepts of air freight for exporters: What can be shipped via air? How much does it cost? What are the best use cases for this type of transportation?
A man looks at his smartphone as he walks past the People’s Bank of China building on May 20, 2022 in Beijing. Jiang Qiming | China News Service | Getty Images China trimmed its key lending rates again on Monday, one week after it cut two interest rates in a surprise move. The moves are … Read more
Tim Graham | Getty Images News | Getty Images LONDON — An expected surge in U.K. energy prices this winter is being described as a national emergency, posing at least as great a financial threat as the coronavirus pandemic. The upcoming increase in a regulator-set limit on consumer energy bills is predicted to push a … Read more
Ernestas Tyminas felt “stuck” in his role as a marketing manager at a newspaper in Colorado Springs, Colorado. So he requested two months off to backpack through Asia, he said, landing in Beijing in January 2019. “On the first day … I meet this one,” he said, gesturing to Darina Karpitskaya, sitting by his side. … Read more
U.S. President Joe Biden holds out his pen to U.S. Senator Joe Manchin (D-WV) as Senate Majority Leader Chuck Schumer (D-NY) and U.S. House Majority Whip James Clyburn (D-SC) look on after Biden signed “The Inflation Reduction Act of 2022” into law during a ceremony in the State Dining Room of the White House in … Read more
It turns out the “Last Frontier” state may be the last place you’d want to retire: Alaska was rated the worst state for retirement, according to a new Bankrate ranking. To determine the best and worst states for retirement, Bankrate weighed five categories: Affordability (40%), wellness (20%), culture (15%), weather (15%) and crime (10%). The … Read more
Former US President Donald Trump raises his fist while walking to a vehicle outside of Trump Tower in New York City on August 10, 2022. Stringer | AFP | Getty Images A clear majority of American voters believe the various investigations into alleged wrongdoing by former President Donald Trump should continue, according to a national … Read more