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CEVA, IMS Worldwide Form FTZ Alliance in US
Houston-based IMS Worldwide, Inc. and Swiss-based CEVA Global Logistics, LLC formed a strategic alliance to offer the benefits of Foreign Trade Zone (FTZ) services to customers in the United States. The partnership’s focus is the development of a sophisticated Zone Managed Services offering that is rooted in compliance, efficiency and experience.
Based on an in-depth analysis of the customers’ supply chains, CEVA and IMSW can integrate certain activities into FTZ environments and therefore achieve improved efficiency. The effort is expected to yield substantial savings in terms of duties or import fee reductions, as well as cash flow improvements through reductions in working capital.
CEVA’s Jerome Lorrain says, “Our continuing effort to streamline our customers’ supply chains, squeezing every bit of costs out of the logistics process, is greatly aided by this alliance with IMSW, which is considered one of the top FTZ experts in the country.”
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