Business challenge:
A 96-year old company that manufactures and distributes premium, custom-built tires was looking to achieve cost savings. The company distributes products via new car dealerships, tire dealers, and company-operated custom centers. However, most of its products are imported into the U.S. from offshore facilities.
ASW’s solution:
ASW proposed a warehouse solution at its headquarters in Foreign Trade Zone #181. ASW’s prior experience managing Goodyear’s high-performance racing tires was clear indication of the company’s capabilities.
Execution:
ASW dedicated space within its shared service facility to store, secure, and manage product entry into the U.S. Customs territory.
ASW’s competitive advantage:
- Strategic location in NE Ohio
- Fully-operational general purpose Foreign Trade Zone
- FTZ documentation and compliance monitoring
- Customized program
- Dedicated racking
- Online inventory
- High-performance on-site call center
- Dedicated account representative
Key Benefits:
The client receives all benefits of storing product within an FTZ and it improves its bottom line by managing duties and tariff payments to coincide with actual sales and delivery into the U.S. ASW’s knowledge of FTZ regulations and processes offered the client an optimal solution that had not previously been under consideration.