What is Foreign Trade Zone (FTZ)?
A Foreign-Trade Zone (FTZ) is a zone authorized as exempt from many regular US Customs rules and regulations. There are many Foreign Trade Zone (FTZ) Advantages & Benefits that importers can take advantage of to improve:
- cash flow
- increase global logistics efficiency
- reduce redundant or unnecessary logistics costs
- retain flexibility
3PL warehouses are busy businesses moving hundreds if not thousands of parcels every day. Managing the processes involved with picking, packaging, shipping, and tracking is a tremendous task. Trying to do it manually is next to impossible.
That’s the reason why 3PL warehouse managers trust warehouse management systems to do the work for them. With so many options to choose from, selecting the top Warehouse Management System requires in-depth research of the system to see if it meets your expectations.
Here are five primary functions of a WMS that all managers require to manage their operations on a day-to-day basis.
Third-party logistics providers coordinate the ever-important work of transporting and tracking goods throughout the world. 3PL software makes this possible, enabling logistics providers to carry out their work with greater accuracy, improved traceability, and speed.
The year 2018 was a record one for freight markets. Shippers weathered the challenges of constrained capacity and rising rates, and worked to transform their businesses to meet new customer demands and expectations.