Morrison Express introduces Bonded Logistics Park in Shenzhen

Morrison Express has launched a Bonded Logistics Park (BLP) solution in Shenzhen. According to Morrison Express the BLP will give its customers: faster transit times; increased flexibility; lower costs; simplified customs documentation requirements; and faster VAT refunds for suppliers.

“While growth is always top priority for our clients, they often encounter challenges navigating the ever-changing regulatory landscape in this part of the world,” said Morrison Express General Manager, Hong Kong & South China, Trevor Wong.

“When one of our clients, a global consumer electronics company, was challenged to meet stringent required-on-site dates out of South China, we developed a solution that avoided the once-necessary ‘day trip to Hong Kong,’ reducing costs and shortening the supplier VAT refund cycle—significantly improving cash flow.”

Morrison Express Director of Marketing, Chris Chespak, added: “The Morrison Express BLP solution delivers value to clients through local trade and compliance support, enabling them to streamline and tackle complicated supply chain challenges.

“The traditional VAT refund process does not initiate until cargo is physically exported from China.  With this solution, the VAT refund process begins right after the cargo clears customs on-site at the BLP, without the need to wait for it to physically leave China.  Clients see the refunds much quicker, granting them flexibility and improved cash flow.”