As per the incidents and
pandemics held in the past, we can say that every big problem comes with a
hidden opportunity. And we all have to find out that opportunity to move
forward.
In the current world, the
outbreak of Covid-19 has affected everyone. Supply chain of every business
sector, except essential goods, has faced the worst hit. Keep in mind chaos
breeds opportunity and so, you should work on to take the benefits of that
opportunity. Here are some steps for your assistance:
1. Calculate the data to estimate tariff impacts
Confident and matured
businesses have gone beyond the spreadsheets. They have done this, as they know
that if they miss utilizing the current time they will not get new
opportunities to take their businesses to the next level.
Your spreadsheets give a
narrow scope to you for the management of the tariff impacts on your products.
You should have all your HTS codes for every product listed in the spreadsheet.
With this, you will be able to identify the list of all exclusions, to do a
VLOOKUP, or to decide what products will have more impact of tariffs. With the
support of a reputed Afghan logistics,
you will easily carry out this task.
2. Comprehend the fine print
One should do the posts
related to exclusions and new lists each few weeks, and you should closely
review the same before their postings. Keep the fine print in the mind and pay
attention to the corrections to the earlier exclusions. For instance, there was
a change to the exclusions on particular compressor types, changing value from
$400-$800 to $100-$1000. Such a correction type will significantly help you
find out who is more impacted.
3. Get ready for extra scrutiny
The trade war between China
and the US has placed a microscope on US importers. Between the year of 2017
and 2017, the CBP (the Customs and Border Protection of the US) collected 49%
more penalties. There is an expectation this number will be higher in 2020.
Smart importers know that they need to be more vigil and careful while filing their
customs duty to stay away from getting penalized, investigated, and audited. An
experienced broker of an Afghan freight forwarding company will ease this job
for you.
4. Look for other options
The time has come when you
should decide to start looking for alternative options. Instead of being
completely dependent on China, you should look for more than two alternatives.
Choose more countries for importing goods for your import business. Having more
options in hand will enable you face any situation well in the future.
Conclusion
Turning chaos into an opportunity can remain
incomplete if you ignore the importance of your Afghan logistics partner. With a healthy and sound business
relationship, you can easily face the bad condition and keep the supply chain
of your goods well maintained. Take every possible effort, data calculation,
extra scrutiny, and having many options for product import, to move forward in
your business.
