FIRST SALE - DUTY REDUCTIONS

First Sale Valuation is a duty reduction program designed to reduce the dutiable value of eligible products imported into the United States. 

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Who is a Candidate for First Sale? 

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Any importer of record (IOR) bringing goods into the U.S. using a ‘multi-tiered’ transaction model may be eligible for First Sale valuation. (‘Multi-tiered’ is just a way to describe a transaction with more than one party, in this case the Importer, the Middleman, and the Manufacturer.) 

Ideal circumstances also include: 

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• Medium to High Duty Rates

• Medium to High Middleman Markup

• Medium-High FOB Volumes

• Cooperative Relationship between Middleman & Importer

DESIGN, PRODUCT DEVELOPMENT AND SOURCING

We develop end-to-end men’s and women’s clothing specializing in contemporary or utility apparel and wearable technology integration.  We work directly with our clients with an experienced in-house team and our overseas arm to design, source and deliver top quality merchandise.  Our work exemplifies quick turn-around while maintaining a fashion-forward perspective.

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• Design including color and trend forecasting

• Color ways, design sketches, line sheets and presentation boards

• Building a strategic sourcing strategy

• Fabric Research & Development - providing a global reach

• Technical Design - taking the designer's concept through to preproduction approval

• Take a designer's concept and make it a reality

• Negotiate with vendors

• Identify and create global sourcing opportunities

INTERNATIONAL TRADE, LOGISTICS AND SUPPLY CHAIN

We are in a constantly changing economy that demands innovative ideas to make things happen. Our subject matter experts provide trade and logistics advice on:

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• Trade regulation and free trade agreements

• Cross border transactions

• Maximizing profits by negotiating ocean and air carrier deals

• On time delivery working with the best in class freight forwarders and customs brokers

• Fast fashion logistics services

• Vendors to secure proper documentation compliance for US imports

• Implementing first sale mythology and practice with overseas manufacturers

FINANCIAL AND COST ACCOUNTING

In addition to focusing on cost reductions, our financial experts will handle day-to-day financial accounting for:

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• Product costing with focus on maximizing margins

• Global sourcing landing factors

• Wholesale accounting

• Balance sheet management

• First sale accounting and reporting

• Profit improvement management

START-UPS AND REPOSITIONING

We provide advice on specific aspects of the start-up or repositioning process in the market and help manage complex relationships and communications.  Our advisory professionals will:

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• Establish client’s infrastructure to meet and compliment branded imports

• Serve onsite, managing day-to-day operations

• Develop business plans

• Stabilize core marketing and branding operations

• Review financial projections

• Assist in implementation of an operational restructuring

• Develop employee incentive plans

CORPORATE SOCIAL RESPONSIBILITY

Honoring CORMAC Advisor’s vision and Code of Conduct, we partner with our clients to catalyze transformative strategies in communities we serve and source their apparel and home products.

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• Develop strategies for CSR to meet the client’s overall corporate objectives

• Sustain business relationships with internal stakeholders to ensure success of social compliance programs

• Implement plans to promote safe, lawful and ethical sourcing

• Partner with renowned third party expert auditors for factory certifications

• Work with non profit organizations to administer employees training needs

• Educate all relevant buyers, sourcing managers and product development managers about the clients CSR practices and policies
   

TALENT MANAGEMNT

Our Human Resources generalists provide a full complement of services, including:

• Creating organization design and talent strategies

• Sourcing the best talent

• Restructuring, repositioning or reorganizing

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