Ministry of Supply Uses Duty Drawback to Fuel Datadriven Expansion

Ministry of Supply Uses Duty Drawback to Fuel Datadriven Expansion

Ministry of Supply recovered millions of dollars in duty drawbacks through the Flexport platform, reinvesting the funds in R&D, new product launches, and market expansion. This case study highlights data integration, risk assessment, and process optimization as key success factors. To effectively leverage duty drawback policies, businesses should establish robust data systems, seek expert assistance, understand relevant regulations, optimize processes, and continuously evaluate their performance. This proactive approach ensures efficient utilization of available refunds and contributes to overall financial health.

11/03/2025 Customs Knowledge
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Landbank Philippines SWIFT Code Guide for Global Transfers

Landbank Philippines SWIFT Code Guide for Global Transfers

This article provides a detailed analysis of Landbank of the Philippines' SWIFT code, TLBPPHMMXXX, and its significance in cross-border remittances. It outlines the complete remittance process, important considerations, and practical tips to avoid delays or failures when transferring funds to Landbank accounts. The aim is to guide readers through the process of successfully completing international remittances to Landbank.

09/01/2025 International Settlement
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Alibaba And ZTO Express' Strategic Collaboration Driving Digital Transformation In The Logistics Industry

Alibaba And ZTO Express' Strategic Collaboration Driving Digital Transformation In The Logistics Industry

Alibaba and ZTO Express have reached a strategic investment agreement, with an investment of $1.38 billion for a 10% stake. This collaboration will promote the digital transformation of the logistics industry and demonstrates the deep integration of both companies in the new retail and new logistics sectors. Despite experiencing fluctuations in ZTO's stock price, its market share and net profit growth indicate strong competitiveness. This strategic investment marks Alibaba's ongoing expansion of partnerships in the express delivery industry.

08/12/2020 Logistics
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The Breakthrough Path for Line Haul Logistics Tackling Internal Competition and Transformation Challenges

The Breakthrough Path for Line Haul Logistics Tackling Internal Competition and Transformation Challenges

Currently, less-than-truckload (LTL) dedicated line logistics companies face multiple challenges, including homogeneous competition, changes in cargo structure, and upgraded customer demands. It is recommended that companies implement a new direct delivery model using new energy logistics tools to improve efficiency, reduce costs, and enhance market competitiveness in response to industry pressures.

07/23/2025 Logistics
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Emergency Notice Significant Increase in Shipping Fees Get Informed About the New Policy

Emergency Notice Significant Increase in Shipping Fees Get Informed About the New Policy

Hapag-Lloyd announced that starting August 28, 2024, the GRI fees for shipping from Asia to South America and the West Coast will increase by $2,000. Additionally, a peak season surcharge will be imposed on container cargo from the Far East to Australia. This adjustment in policy occurs amidst frequent fluctuations in current market freight rates and has garnered widespread attention.

08/26/2024 Logistics
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