Global Sourcing, Production,and Export Strategies
The Entry Process When a shipment of goods intended for commercial use reaches the United States, it may not be entered legally until after: (a) it enters the port of entry, (b) the exporter pays the estimated duties and (c) customs authorizes delivery of the merchandise. The process, in its simplest form, has five...
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Introduction to global sourcing,production, and export strategies As the Sunset Flowers case demonstrates, there is more to export profitability than a good idea. Once an entrepreneur has identified a product, he needs to determine if there is a market somewhere, a process that involves a significant amount of market research, which may or may...
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GLOBAL SOURCING Before components can be manufactured, raw materials must be procured. The least complicated way of sourcing inputs is through domestic sources. Using domestic sources allows the firm to avoid problems such as language, distance, currency, wars and insurrections, strikes, political problems, tariffs, and more complicated transportation channels, to name a few. For...
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The import Strategy There are two different types of considerations for potential importers: procedural and strategic. Procedural considerations relate more to the rules and regulations of the customs office of a country. This was a key concern to John Robertson in the Sunset Flowers case, because he needed to determine the regulations for importing...
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The Role of Customs Agencies When importing goods into any country, a firm must be totally familiar with the governmental customs operations. The primary duties of the U.S. Customs Service, for example, “include the assessment and collection of all duties, taxes, and fees on imported merchandise, the enforcement of customs and related laws, and...
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