FAP Turbo

Make Over 90% Winning Trades Now!

Tuesday, March 24, 2009

Managing Your Logistics With Food Products

By Chris Channing

Taking part in the food industry can be very profitable, but at the same time can illicit headaches. So many laws are put into place by the Food and Drug Administration that you can easily run into legal problems if you don't outsource to a third party logistics company. As you'll see, there are many laws and regulations to consider.

There is a certain amount of certification required to do any type of business in the United States. Those who work with food and dietary supplements will have to do a bit more paperwork in registering with the FDA. It can be a drawn out process, but a required one nonetheless. Often times a third party logistics company is able to handle such things, if you aren't well versed in law and regulations.

The FDA has been known to delay shipments of a business that has a different address than the one on file. There are many legit reasons why a business would have a change of address, but the FDA likes to double check just to be sure- which can lead to delays in shipment. As such, you should check up business addresses with the one on file with the FDA to avoid delays.

All clearance documents you and your logistics company work with should have the FDA product code stamped on it. This will give both you and the FDA information on the goods being imported. This seven character string will tell you several things, such as the class code, product name, group code, or product industry code.

One must also follow the Bio-terrorism Act, more specifically Title III. This act specifies that anyone importing foods into the US must adhere to certain rules. For instance, advance notification must be given to the FDA before a shipment arrives. Logistics companies should also keep substantial records on the food and where it is going to appease the title.

There is so much work that is needed to be done when being legal to operate in the food industry. Even keeping up on current laws can be tough if you don't have the proper staff or a third party logistics company to help you out. This holds true for restaurant owners, farmers, and even anyone who comes into direct contact with their business. If you aren't sure on how to handle your expansion, the best way to go about the situation is to hire a 3PL company.

Final Thoughts

The United States is continually pushing out legislation to keep its residents safe from bad food products. This is great for consumers, and necessary, but can make businesses bend over backwards so that they can appease such requests. If you would like to work in the food industry, do be sure of the fact that there will be plenty of laws and regulations to abide by. - 23212

Jim Rogers- Spectacular Opportunities in India and China

By All Things Jim Rogers

Among the more popular questions All Things Jim Rogers receives is How can we invest directly in China and What does Jim think about India?. The former is quite obvious, Jim has been investing in China before anyone on Wall Street took notice. The latter, comes from Indias astonishing GDP growth rate in the past decade. So what does Jim think now, India and China offer spectacular opportunities

How fast is India growing?

Indias politicians are one of the major problems, Rogers told the Wharton India Economic Forum via video link from Singapore.

Why hasnt Jim Rogers jumped on the India bandwagon despite offering spectacular opportunities

How fast is India growing?

Indias economy probably will grow less than 7 percent in the financial year ending March 31, Montek Singh Ahluwalia, deputy chairman of the nations Planning Commission. - 23212

About the Author:

Investment Power - Real Estate

By C. R. Bolden

I would like to show you how powerful investing in Real Estate can be. This is the main reason why we have lots of Real Estate Investors all over the world. Suppose someone gave you $10,000 to invest. What would you do with it?

Put the money in the bank? If you earned 5% interest, your investment would be worth about close to $12,800.00 after five years. Not bad, but with the current rate of inflation of 3% per year, your investment may not make you much in the long run after you pay Federal income taxes.

In other words, you are barely keeping up with inflation. What about investing your $10,000 in the stock market? A good mutual fund can earn 10% to 15% a year. Also not bad, but not all mutual funds will be that high. Some go up and down just like stocks do.

Maybe you can get a much higher rate of return by buying stocks, but which stock do you choose? Even stock analysts can't agree on which stock will increase in value, and guessing proves nearly as accurate as relying on the advice of stock experts.

Stocks values can go up tremendously, but many more go down or increase slowly. Although you can make money in the stock market, even the best information can't guarantee a profit. Do you really want to throw your future on something as unpredictable as the stock market? What about starting a traditional brick and mortal type business? Your $10,000 may not even get you started. Maybe a restaurant? Only about 10% of new restaurant nationwide ever make it.

Think about this, if you invest $10,000 in the stock market, a bank account, or a business, what do you have? A $10,000 investment. But look at what happens if you invest $10,000 in real estate. Even with a loan and a down payment of $10,000, you can purchase a $100,000 property. So your $10,000 investment is actually worth $100,000.

Where else can you buy a $100,000 investment for a fraction of its actual value? And unlike any other investment, you can buy all types of real estate without using any of your own money. Imagine the type of return that you can get. - 23212

About the Author: