Download to read offline
Uploaded byWorld First
Freight can't wait: Moving your inventory into global markets
The document is a webinar on international shipping and logistics, focusing on moving inventory to global markets, especially for Amazon sellers. Key topics include customs regulations, calculating shipping costs, and handling fulfillment requirements. It emphasizes the importance of research and preparation for shipping overseas to avoid complications.
More Related Content
Similar to Freight can't wait: Moving your inventory into global markets
Freight can't wait: Moving your inventory into global markets
- 1. Freight Can’t Wait Movingyour inventory into global markets
- 2. GoToWebinar housekeeping: attendeeparticipation Open and close your control panel Join audio: •Choose Mic & Speakers to use VoIP •Choose Telephone and dial using the information provided Submit questions and comments via the Questions panel Note: Today’s presentation is being recorded and will be provided within 48 hours. Your Participation
- 3. Table of contents •Globalopportunity •International vs. domestic shipping •Getting products to FBA •Calculating shipping cost •Import requirements •Handling customs •Shipping from China •Bringing your profits home
- 4.
- 5. What do youneed to know? •Custom duties and taxes •Customs visibility of trade – Intellectual Property Rights – Agency regulatory bodies (FDA, USDA etc.) •Incoterms/Terms of Sale – who is responsible for charges at each point of the transit What needs to be done before shipping overseas? •Research! •Know the duty rates •Understand government agency requirements •Set expectations about timeframes (allow for a cushion) •Understand Amazon and other fulfillment requirements •Build a buffer for time zone differences and national holidays – Chinese New Year – suppliers closed for approximately 2 weeks at the end of January How does shipping internationally differ from domestic?
- 6. How do Iget my products to FBA?
- 7. Getting your productsto FBA •Amazon has 31 fulfillment centers across the EU, and Shapiro can help you ship to any of them •Amazon determines which warehouses you must ship to – This summer they will be forcing more sellers to split cargo amongst several FCs (US) Knowing how much product to send •Research your sell through reports and market •If you’re using other fulfillment services, you could consolidate to save on shipping – Shapiro can ship to Amazon or other FCs, can bring in a container and split deliveries out or provide temporary storage •There’s no minimum that you need to ship, but it’s most cost effective to ship at least 1 cbm/150 kg •Small items should go as loose freight How do I get my products to FBA?
- 8. • Freight ratesare based on mode, volume, weight and distance mainly • Also consider commodity types (e.g. hazmat goods may cost more) • Duties and taxes vary by country so importers should fully research this before selecting a commodity – E.g. UK charges VAT on top of duties, while some countries have free trade agreements – Some countries impose high duty rates on goods coming from countries where goods are produced and sold at below fair market value (anti dumping / counterveiling duties) • Cargo exams can cost money, which the importer would be responsible for How are shipping rates calculated?
- 9. Amazon has strictrules! •Type of pallet they accept •Overall packaging •The appointment process •When the cargo can be delivered Understanding customs •Customs requires that the true value that you paid for the goods be reported on customs declaration •Manufacturer info, gross and net weights, material breakdowns or ingredient lists are also required Remember: Other government agencies will have requirements outside of customs too What are the import requirements for shipping to warehouses?
- 10. Documentation to sendwith palette •FBA pallet labels and carton labels •Gross and net weights •Packing slip, including # of cartons, units per carton, and carton dimensions •Commercial invoice and packing list •Bill of landing Understanding VAT •VAT differs between countries •It’s charged as a % of the shipping, duties, cargo value and any insurance paid •Charged to the end user at the time of the final sale Import brokers •You need a broker for customs clearance if you’re shipping with a freight forwarder •If shipping small parcels, couriers like DHL/Fedex can handle the clearance of small, low value shipments How do I handle customs?
- 11. • You canship to FBA from just about anywhere • Shapiro’s agent in China can coordinate with your shipper on the export • Even if you can’t get everything packaged for FBA before shipping, Shapiro’s agents can palletize and add labels • Make sure to get your quality check done beforehand! Can I ship directly from China to FBA EU/UK?
- 12. Br i nging your f unds home Revenue from your overseas sales Marketplace converts your revenue at an unspecified rate and at a time of their choosing Marketplace Solution Revenue from your overseas sales Marketplace sends your revenue to your in-country receiving account You pick when to bring your money home at our great exchange rates – your money when you want it! Revenue arrives in your home bank account Revenue arrives in your home bank account
- 13.
- 14. • These commentsare the views and opinions of the author and should not be construed as advice. You should act using your own information and judgment. • Whilst information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed. • All opinions and estimates constitute the author’s own judgment as of the date of the briefing and are subject to change without notice. • Any rates given are ‘interbank’ i.e. for amounts of $5million or more thus are not indicative of the rates offered by World First. • World First USA, Inc. is a Delaware corporation, registered as a Money Services Business in the United States with FinCEN, and holds licensing as a non-depository financial institution with the Nationwide Multistate Licensing System (NMLS#1018479). World First USA, Inc. is also registered in Canada with FINTRAC (registration number M11393445). Disclaimers
Editor's Notes
- #4 TJ 2. Consult the FBA pricing pages on Amazon to check how this will affect you. 3. Why to use FBA 6. Pan European Account. 7. More channels for sales- Single-source your inventory to streamline your fulfillment operations.
- #7 LucyWhat do you need to know? Custom duties and taxes Customs visibility of trade Intellectual Property Rights Agency regulatory bodies (FDA, USDA etc.) Incoterms/Terms of Sale – who is responsible for charges at each point of the transit Get what you pay for when it comes to services, so choose partners wisely! What needs to be done before shipping overseas? Research! Know the duty rates Understand government agency requirements Set expectations about timeframes (allow for a cushion) Understand Amazon and other fulfillment requirements Build a buffer for time zone differences and national holidays Chinese New Year – suppliers closed for approximately 2 weeks at the end of January
- #9 LucyFreight rates are based on mode, volume, weight and distance mainly Also consider commodity types (e.g. hazmat goods may cost more) Duties and taxes vary by country so importers should fully research this before selecting a commodity E.g. UK charges VAT on top of duties, while some countries have free trade agreements Some countries impose high duty rates on goods coming from countries where goods are produced and sold at below fair market value (anti dumping / counterveiling duties) Cargo exams can cost money, which the importer would be responsible for
- #10 LucyAmazon has strict rules! Type of pallet they accept Overall packaging The appointment process When the cargo can be delivered Understanding customs Customs requires that the true value that you paid for the goods be reported on customs declaration Manufacturer info, gross and net weights, material breakdowns or ingredient lists are also required Remember: Other government agencies will have requirements outside of customs too
- #11 LucyDocumentation to send with palette FBA pallet labels and carton labels Gross and net weights Packing slip, including # of cartons, units per carton, and carton dimensions Commercial invoice and packing list Bill of landing Understanding VAT VAT differs between countries It’s charged as a % of the shipping, duties, cargo value and any insurance paid Charged to the end user at the time of the final sale Import brokers You need a broker for customs clearance if you’re shipping with a freight forwarder If shipping small parcels, courtiers like DHL/Fedex can handle the clearance of small, low value shipments
- #12 LucyYou can ship to FBA from just about anywhere Shapiro’s agent in China can coordinate with your shipper on the export Even if you can’t get everything packaged for FBA before shipping, Shapiro’s agents can palletize and add labels Make sure to get your quality check done beforehand!
- #13 Lucy