Parallel imported goods are genuine branded products that are imported into New Zealand (or other countries) and sold within that market without the brand’s owner consent. Parallel importing gives importers the opportunity to offer authentic branded item to consumers at a more affordable price by cutting out the additional costs incurred where a middleman is involved. There are certain upsides a ...
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How do the goods of the world travel from one place to another? Despite technological advancements and the propagation of a globalized economy, a surprising 90% of everything still comes and goes on a ship by sea. The shipping industry may be one of the oldest in the world, but the global economy would not exist without shipping containers. This underscores the notion that it is still one of the m ...
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Finding the right supplier for your product idea may prove challenging. If possible, you should find one that you like working with, and they should also provide you with a quality product at a fair price. Here are the steps involved in finding a supplier, and some of the many considerations you will have to navigate along the way. Define What You are Looking for in a Supplier What kind of supplie ...
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The IMF (International Monetary Fund) data indicate a continued rise in the proportion of the global GDP accounted for by Asia. The Asian region almost doubles in importance in the 40-year period to 2020, rising from 18.3 percent of the global economy in 1980 to 30.8 percent in 2020. Meanwhile, Europe shrinks in relative size from 27.6 percent of global GDP to 18.4 percent; North America, Japan an ...
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Are you looking to import goods or commodities into New Zealand? Will you be using them for business or commercial use? There are several rules that could impact your importing, and it is important to know what procedures you need to follow in order to ensure timely and safe delivery of your goods. Here are five rules that you should take note of. 1. Import Entry or Electronic Cargo Information Al ...
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There are some harsh lessons sometimes handed out in business. A good case was reported in the Shipping Gazette™ of a cargo owner with a shipment on board the ill-fated cargo vessel Rena. To pay for the freight of a consignment of export timber from Napier port that gets as far as the Bay of Plenty and ends up on the sea floor, seems to incur a triple slap in the face. You don’t get paid ...
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Thinking about importing goods into NZ? Perhaps you can access better prices or superior quality overseas? Or maybe you’ve identified a market for goods that just can’t be sourced locally? But importing into NZ is more complicated than it may seem at first. The risks are significant if you don’t know what you’re doing. To give your venture the best chance of success, it’s best to learn t ...
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As an importer or exporter, you’re no doubt always on the lookout for ways to save your money. But there’s one place you shouldn’t be skimping on, and that’s cargo insurance. Sure, you might never have had any problems with your shipments in the past. Or you might feel it’s worth the risk on a small or low-value shipment. But there are many misconceptions about who is responsible for ...
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A dangerous and highly effective new online scam is affecting New Zealand importers. The scam has already left several Kiwi businesses severely out of pocket, with some businesses losing deposits of over USD 250,000 to scammers. How does this hacking scam work? Email hackers are infiltrating the email accounts of overseas suppliers – particularly free email accounts like Hotmail and Yahoo – an ...
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Our clients often ask us about the goods that are restricted for importing to New Zealand. Can one bring necessary medicine, favourite DVD collection or some rare artwork as an unaccompanied baggage? Despite New Zealand’s reputation of having a very strict rules at the border, a person can import almost every possible household item apart from prohibited by International law goods. The main rule ...
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