Duty drawback is a common term within the logistics industry, but what is duty drawback, and why should your business care? Many companies could bolster their bottom line by claiming duty refunds for various types of freight.

For U.S. businesses engaging in international logistics, understanding duty drawback — or partnering with someone who does — is a pivotal process.

As an industry leader with a philosophy dedicated to continuous process improvement, J.M. Rodgers excels at challenges in international shipping, regulatory compliance, customs brokerage and duty drawback.

Duty drawback programs allow companies to recover some of their expenses for products not meant to be consumed in the U.S. Since these import-related costs can add up, managing supply chain data and processes is essential.

A failed CBP audit is potentially disastrous for your business. Fortunately, there are steps you can take right now to prepare for your duty drawback audit. It just takes a little preparation, strong record-keeping, and some business smarts.

Every bit of cost savings you can manage is important in today’s business environment. That’s why companies participate in duty drawback programs

To maximize duty drawbacks, you need a well-planned strategy. Here are some tips to help your business get started.

Asking the right questions before choosing a freight forwarding company helps ensure the optimal handling of your goods — both in terms of…