Industry Insights: Halsted’s Top Takeaways from TBPA, Spring 2024
A recent article discussed Halsted’s strategic role in key industry associations, including the Textile Bag & Packaging Association (TBPA). Through associations like this, Halsted can amplify their impact on the bag and packaging sector. Their proactive role in TBPA offers an in-depth view of the industry’s landscape and can provide direct solutions to current and potential clients.
Dave Blatt, Halsted’s VP of Sales and a current TBPA board member, participated in TBPA’s spring convention. The event served as a hub for industry professionals to discuss ongoing issues and emerging trends. Following the convention, Dave provided valuable insights, highlighting key topics and discussions that proved pivotal for industry players.
Below are his top three takeaways from the event:
Managing PFAS Concerns and Regulations
This presentation provided insights into the presence of PFAS (per- and polyfluoroalkyl substances) and other “forever chemicals” within the packaging industry. Attendees discussed the challenges posed by these substances and explored potential solutions and ways to address them swiftly and effectively.
Another critical area of conversation concentrated on managing customer expectations, especially since there is a lack of cohesive Federal policy. By understanding and adapting to the regulatory landscape, businesses can better navigate compliance requirements and maintain trust with their client base.
Importance of Harmonized Tariff Codes
Another presentation highlighted the need for importers to consistently review and verify the evolving regulations surrounding the Harmonized Tariff Codes. These codes are utilized by US Customs to identify products when assessing duties and other taxes. Members in attendance shared strategies aimed at accurate code usage to avoid overpayment, offering insights to optimize financial practices within tariff regulations.
Importers were encouraged to leverage available resources, including the CBP rulings website, and to explore alternative code options to navigate tariff regulations more effectively in a rapidly changing global marketplace.
Navigating Current Freight Challenges
Lastly, a logistics presentation addressed the ongoing challenges in importing from Asia, mainly due to freight rerouting to avoid unrest in the Red Sea. These rebel attacks and the unprecedented drought in the Panama Canal have extended transit times and increased shipping and insurance costs.
Despite these disruptions, there is optimism among ocean carriers. Larger vessels have been incorporated to alleviate stress on the shipping system, and shipping rates have eased after a drastic initial spike. These insights allow companies to adapt their logistics strategies to mitigate delays and cost increases associated with freight transportation.
Halsted’s Industry Leadership and Commitment to Innovation
The recent convention highlighted several key takeaways crucial for Halsted and other industry players. Overall, Halsted’s active involvement in industry associations and its commitment to staying informed about emerging trends and challenges position it as a leader in the bag and packaging industry.
By leveraging insights gained from forums like the TBPA convention, Halsted can continue to provide innovative end-to-end packaging solutions and maintain their reputation for excellence in meeting the needs of their clients. Contact Halsted today, your trusted partner since 1876.
