As shifting tariffs proceed to influence world provide chains, Flexport and C.H. Robinson have launched instruments aimed toward serving to companies navigate duties impacting worldwide shipments.
Flexport, a San Francisco-based world logistics know-how firm, lately launched the Flexport Tariff Simulator, a instrument designed to assist companies estimate landed prices and navigate tariffs in actual time.
Third social gathering logistics supplier C.H. Robinson (Nasdaq: CHRW) has added the U.S. Tariff Influence Evaluation instrument to its world shipper platform to assist companies assess their total obligation publicity, whereas offering exact price evaluation of every cargo.
Mike Brief, president of world forwarding at C.H. Robinson stated the instrument assesses commerce complexities extra successfully.
“With this instrument a nationwide retailer may determine high-volume inventory retaining models coming from one level of origin, then shortly examine complete obligation spend alongside numerous various sources — then reroute future provide the place wanted,” Brief stated in a information launch.
Ryan Petersen, Flexport founder and CEO, stated their prospects have been asking for extra readability on the influence of import tariffs on shipments.
“Our engineering group constructed the Flexport tariff simulator in response to fulfill that want within the face of all of the uncertainty brought on by fast coverage modifications,” Petersen stated in a information launch. “We wish to assist retailers keep away from costly surprises.”
Flexport’s tariff simulator contains an interactive map that permits customers to see commerce knowledge around the globe, together with the entire worth of imports from a given nation, the present common obligation charge, and the proportion of complete U.S. imports coming from that nation.
The instrument is obtainable to most of the people at tariffs.flexport.com.
Together with the tariff simulator, Flexport can also be launching a searchable catalog of harmonized tariff schedule codes to navigate classification necessities, particular obligation charges and customs clearance processes.
Flexport and C.H. Robinson are usually not the one companies launching instruments to assist shippers, logistics professionals and shoppers assess the influence of import tariffs.
In March, UPS (NYSE: UPS) created an computerized tariff calculator for web shoppers — UPS International Checkout. The parcel provider’s landed price calculator permits e-commerce retailers to combine it into their on-line shops so prospects see the import duties, taxes and charges upfront at checkout.
E-commerce platform supplier Shopify (Nasdaq: SHOP) launched a tariff calculator in Might that helps decide duties and taxes on worldwide shipments.
