Although Canada's economy is fundamentally driven by commodities, economic growth is increasingly dependent upon the million plus small businesses with fewer than 100 employees. Jet Worldwide - being one of those small companies with specialized expertise - is uniquely qualified to help Canadian small businesses expand globally.
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Pittsburgh and Montreal, Quebec share a strong economic connection. Pittsburgh is not just "steel town" but, also historical home to Alcoa. An example of the economic connection is the The Elysis joint venture project between Alcoa, Rio Tinto, Apple and the governments of Quebec and Canada.
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Conflicting economic indicators are causing confusion amongst economic prognosticators. The traditional indicators of trade, investments and short vs long term yields have been trending negatively. BUT, consumer spending continues to be strong, leading many to wonder if this will be enough to save the global economy from recession. Global consumers cross border e-commerce purchases are playing an increasingly important role for continued economic growth.
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The speed Versus Cost Conundrum for e-commerce orders is pressing now that the holiday season is here. Import volumes will again set new records with border crossings and timely US customs clearance less likely. Last minute rush requests inevitably lead to a broader discussion on securing a multiple port, secure on line order parcel supply chain for the next "season of delays."
Mexican companies are increasingly looking "more north" to Canada with a huge opportunity created by the potential of duty free import. Even with the uncertainty of NAFTA/ CUSMA, Mexican shippers can benefit preferential treatment thanks to the newer CPTPP.
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Taiwan is Canada's 5th largest trading partner in Asia with over $7 billion per year in merchandise trade. Canada's main export sectors in Taiwan include aerospace, information technology, agriculture, seafood, and biotechnology. Shipping volumes from Canada to Taiwan continue to grow with shippers seeking more delivery options.
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When shipping internationally, an common question we get is "what value should we declare." The declared value is, along the the H.S. classification, the key element of the import process and duty assessment. Over declarations result in needless costs and under-declared values can result in significant fines and legal actions.
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The European Union are seeing a great benefit from their free trade agreement.
A great advantage of CETA - and most modern trade agreements - is in how it makes is easier for small businesses to get the benefits. Of particular interest is in the easier "certificate of origin" processes that allow Canadian companies to ship parcels to Europe and get duty free access to the entire EU market.
We have been discussing with our Canadian clients their biggest shipping challenges and what our industry leading shipping blog should cover. The 2 main challenges are high costs and lack of support. Our team works with shippers -both large and small - via our logistics professionals.
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Speed Versus Cost: Best practices for E-Commerce Imports to the USA. Dependable low cost parcel logistics supply chains rely on multiple processes including express clearance (ECCF), cargo parcel import (CFS), single importer of record (Section 321 type 86), and Canadian cross border solutions.
