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.
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.
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.
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.
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.
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®.
During the month of October, 2020, Noatum Logistics was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the October 2020 Logistics Link.
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.
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.