Simplify Your Worldwide Logistics NetworkÂ
The purpose of an importer of record is to make international shipping easier. The fact that there are so many parties involved increases the chance of mistakes being committed. Through process project management, the IOR brings suppliers, distributors, and end users into alignment. Being an IOR is more challenging than it may seem. Because of this, you may feel secure knowing that when you work with a reliable IOR partner, all accountability and risk are removed from you and your company.
Foreign Companies Need IOR Services
Foreign companies often need help when entering new markets, and using an Importer of Record (IOR) can be a smart solution. This approach allows them to test the market without making a big financial commitment, which can be risky if their product doesn’t sell. By working with an IOR, these companies can import their goods and see how well they do in the new market. This way, they can find out if their product is a good fit for customers without spending too much time or money upfront. In short, using an IOR helps foreign businesses explore new markets more easily and with less risk.
Considerations Before Using IOR ServicesÂ
Consider the following questions while determining whether you should hire an importer of record yourself.Â
- Â Do you plan to import goods regularly?Â
- Â Are you doing the compliance duties as a group?Â
- Â Are all the licenses and certificates required for the import of your goods known to you?Â
- Â Are you aware of the steps required to clear and import goods?