Optimizing your freight operations and warehousing is key to success, but it is also a bit complicated and more than a little daunting to go at alone. Thankfully, there are certain provisions in place to make your life easier — especially when you work with the right partner for your business.
One of the best ways to streamline your freight operations is to utilize warehouses in free trade zones (FTZs). If FTZs are unfamiliar to you, don’t worry. We’ll be breaking down:
- What Free Trade Zones are
- How you can receive FTZ status
- How to optimize your warehouse
What is an FTZ?
Essentially, FTZs are areas within the United States that are treated as though they are outside of customs territory. As such, any warehouse located within an FTZ is subject to different rules than a bonded warehouse. The advantages of this are numerous, including importing goods without enduring normal customs procedures. You also do not have to file entry paperwork or pay tariffs until you ship the goods out.
In other words, a warehouse in an FTZ allows you to stay organized, control your outflux of products, assemble, repackage, and essentially do any other work required between point A and point B. Such an arrangement is truly a gamechanger for businesses that engage in importation.
How to receive FTZ status
To receive FTZ status, you must first apply. At this point, you will have to detail what type of authority you want—this could be anything from general-purpose to production—and pay a fee. After you have gone through these steps, all that is left is to activate your license.
There are, of course, details and nuances to setting up FTZs and using them in a proper, effective manner. The best tools in the world are worth very little in the hands of those who do not know how to use them, but with a trusted partner, your business could thrive.
Optimizing Your Business
With the experience and expertise to guide you, Magaya is an invaluable resource to have on your side. Further, their Warehouse Management System can help your FTZ warehouse run flawlessly by automating warehouse processes such as precision measurements and real-time tracking available to you and your customer.
Optimization and efficiency are two of the most important keys to success, and using an FTZ warehouse in conjunction with Magaya’s powerful-yet-affordable management software is one of the best ways to achieve both!
To learn more, feel free to contact us via phone or our website. We would love to hear from you, answer any questions you may have, and otherwise show you how we can help your business succeed. You can also request a demo for a closer look at how Magaya’s innovative software can revolutionize the way your business functions!Contact Us