Old Tricks, New Methods: Streamlining the FTZ Process with Software

April 24, 2023

Foreign Trade Zones (FTZs) have been helping savvy companies save money on duties, tariffs, merchandise processing fees (MPF) and more for nearly a century. FTZs are areas within the U.S. that are considered outside the country by U.S. Customs and Border Protection for duty purposes. This brings with it a host of benefits including duty deferral, duty reduction, duty elimination and MPF bundling. However, countless companies have kept these savings at arm’s length and avoided including the zones within their supply chain strategy due to worries around the complication of FTZs. Today companies are finding innovative ways to streamline the FTZ setup and management processes using existing software solutions. Learn more about using Volusia County's FTZ 198 or contact Katrina Friel with questions or interest.