As many original equipment manufacturers (OEMs) use foreign trade zones (FTZs) to reduce costs, you can gain an advantage over competitors, especially overseas competitors, by activating your facility as an FTZ.
Activating a facility as an FTZ will help companies hold onto their cash as they increase inventory volumes.
The benefits of Foreign Trade Zones (FTZ) are many, from increasing cash flow to improving supply-chain timelines and inventory control. Here’s how you can get started in activating within FTZ #176.
While FTZ #176 was first established by the Greater Rockford Airport Authority, its growing number of partners now span industries and manufacturing across an 11-county region in northern Illinois.
As manufacturers and distributors continue to be plagued with growing supply-chain costs and constraints, Foreign Trade Zone #176 is a tool that’s been available in Northern Illinois for more than 30 years to help companies reduce costs, tighten supply-chain timelines, and carry more inventory.
Learn more and register here!
Supply chain constraints are impacting our economy, and we see it daily in our homes and businesses. This event will highlight two specific tools to mitigate supply-chain risk, speed-up supply-chain timelines and reduce real costs: Foreign Trade Zone (FTZ) and Reshoring.
Despite the uncertainty throughout the global economy at the beginning of 2020, the year finished strong across many indicators for industrial and distribution sectors.
On October 6th, FTZ #176 held its 2nd Annual Meeting to highlight the FTZ as an important tool for economic development.
When discussing foreign-trade zones (FTZs), the conversation can get really complicated. To quickly highlight the benefits of operating as a foreign trade zone, it is beneficial to first clear up common myths that often cause confusion.
