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Manufacturers: Use FTZ to Become More Valuable to your OEM Customers
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.
Distributors: Use FTZ to Reduce Inventory Carrying Costs
Activating a facility as an FTZ will help companies hold onto their cash as they increase inventory volumes.
How to Get Started with FTZ #176
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.
FTZ #176: Our History and our Partners
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.
How FTZ #176 Can Save Your Business Time and Money
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.
Common Myths of the Foreign Trade Zone Program
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.
Attend 3rd Annual Meeting – October 6th
/in News /by Carrie ZethmayrSupply 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.
FTZ #176 Releases 2020 Annual Report
/in News, Uncategorized /by Carrie ZethmayrDespite the uncertainty throughout the global economy at the beginning of 2020, the year finished strong across many indicators for industrial and distribution sectors.
FTZ #176 2020 Annual Meeting Debrief
/in News /by Carrie ZethmayrOn October 6th, FTZ #176 held its 2nd Annual Meeting to highlight the FTZ as an important tool for economic development.
FTZ #176 Releases 2019 Annual Report
/in News /by Carrie ZethmayrWith a record number of activated foreign-trade zone (FTZ) sites in Northern Illinois, the Greater Rockford Airport Authority and Zethmayr LLC submitted the 2019 annual report on behalf of FTZ #176 to the U.S. Department of Commerce.
GREATER ROCKFORD AIRPORT AUTHORITY AND ZETHMAYR PARTNER TO HELP COMPANIES OPTIMIZE SUPPLY CHAINS USING FOREIGN TRADE ZONE
/0 Comments/in News /by jedlen