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Dynamic Worldwide duties until those goods officially clear US borders.“ In other words,” Andrew explains,“ you can hold freight in bond and defer duty payments until the product is ready to enter the domestic market.
“ We’ ve expanded our bonded offerings over the years, which requires both proper licensing and specialized facilities. A CFS is where goods can be held for up to 15 days before they must be cleared. This allows importers to delay duty payments for that short period before the goods officially cross into the United States. This capability has become increasingly important given the current global trade environment.
“ Another type of bonded facility is a Foreign Trade Zone( FTZ), which is especially common in global trade hubs such as China and Hong Kong. An FTZ allows you to bring goods in, store them, and defer duties until they leave the zone. However, the duty rate is
set at the time the goods enter the zone, not when they exit. That means if tariffs decrease later, you can’ t benefit from the lower rate, so it requires careful planning.
“ We have an FTZ established in New Jersey, though we haven’ t fully utilized it yet because many customers are waiting to see how tariff policies evolve. Once those stabilize, we plan to expand that offering further. Ultimately, these bonded and FTZ solutions allow our clients to strategically manage costs and cash flow. It’ s all about understanding the designations, planning carefully, and using the right tools to navigate an increasingly complex global supply chain.”
Andrew’ s background is in technology, and he joined Dynamic over 35 years ago, having worked for an AI company.“ Technology has always been at the core of Dynamic’ s success,” he shares.“ One of the reasons the company has grown and remained
OPTIMIZING WAREHOUSE PERFORMANCE
Seth Weisberg | Chief Revenue Officer
“ Element Logic delivers innovative solutions to simplify warehouse operations and drive measurable results. We help our clients achieve greater efficiency and operational excellence. Partnering with Dynamic Worldwide has been an honor. Congratulations to Dynamic Worldwide on your ongoing achievements!”
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