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News / Industry News

NOVEMBER 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – December 2, 2020

Economic activity in the manufacturing sector grew in November, with the overall economy notching a seventh consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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FDA RENEWAL DUE BY DECEMBER 31, 2020

This is a reminder that the FDA renewals for both food facilities and medical devices are due by December 31, 2020. All domestic and foreign food and medical device facilities, along with the companies that source from them, are required to renew their registration this year.

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VIETNAM: SECTION 301 INVESTIGATION HEARINGS ANNOUNCED

On Wednesday, November 25, 2020, the United States Trade Representative (USTR) office released the hearing schedule for the investigation of Vietnam’s acts, policies, and practices related to the import and use of illegal timber and the valuation of its currency first announced in a press release on October 2.

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ACCELERATED LIQUIDATION IS PRIORITY FOR POST SUMMARY CORRECTIONS

On Tuesday, November 17, 2020, U.S. Customs and Border Protection (CBP) released in Cargo System Messaging Service (CSMS) Message 44890398 updated information regarding the processing of Post Summary Corrections (PSCs).  In the notice, CBP notes that they aim to prioritize processing of PSCs filed with accelerated liquidation requests over PSCs submitted without accelerated liquidation requests.

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NORTH AMERICAN PORT CONGESTION

Containerized imports into the USA reached an all-time high this summer on the back of retail sales rebounding post the pandemic shutdowns, merchant inventory replenishment, and early stock up for the holiday season. After largely staying at home this spring and early summer, consumers began buying again in the third quarter, and retail supply chains are working overtime to keep up with the demand.

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GSP CHANGES ANNOUNCED

Numerous changes to the Generalized System of Preferences (GSP) were made in an October 30 presidential proclamation following the beneficiary developing country assessments, product reviews and eligibility review.

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IMPORTS SET NEW ‘PEAK SEASON’ RECORD AS RETAILERS PREPARE FOR HOLIDAYS

Source:  National Retail Federation Press Release – November 9, 2020

Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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OCTOBER 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – November 2, 2020

Economic activity in the manufacturing sector grew in October, with the overall economy notching a sixth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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REMINDER: CUSTOMS USER FEES AND LIMITATIONS INCREASED

Effective October 1, 2020, U.S. Customs and Border Protection (CBP) adjusted certain customs user fees pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA) for fiscal year 2021 in accordance with the Fixing American’s Surface Transportation Act (FAST Act) as implemented by CBP regulations.

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IMPORTS SET NEW RECORD AS RETAILERS REPLENISH INVENTORIES AND STOCK UP FOR THE HOLIDAYS

Source:  National Retail Federation Press Release – October 8, 2020

Imports reached an all-time high this summer as retail sales bounced back from the pandemic and merchants replenished inventories and stocked up early for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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