At Fengyu (Hk) Ltd.
Flat Room 1205 12F Tai Sang Bank B Hong Kong
HS or HTS codes are a global standard used to describe the type of goods being shipped (Harmonized Commodity Description and Coding System).The World Customs Organization (WCO) manages the Harmonized Tariff Description and Coding System (HTS). Over 170 countries participate in the WCO's HTS system. The first six digits of the HTS code marking of all articles in international trade are the same for all countries using the HTS. The last two or four digits are country-specific. In many countries these last four digits represent the tariff rate and suffix for the statistical reports of the trade balance of imported goods.
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ABRAMS world trade wiki as a partner of UN Comtrade (database of the United Nations) as well as the OECD (Organisation for Economic Co-operation and Development) analyzes billions of statistical data as well as freight and customs data using intelligent algorithms as well as Artificial Intelligence (AI) and has developed a "unique business intelligence portal" on this basis (quote UN Comtrade / References).
On this page you will get insights into the market activities of Ack Trading Company which have been individually prepared by our research team.
Get information about new suppliers, customers and products from your main competitor, by analyzing his latest shipments or select a different company
ABRAMS world trade wiki not only shows direct suppliers and buyers of the first tier (Tier-1). Our tool Supply Chain Intelligence breaks the visibility barrier beyond Tier-1, enabling a comprehensive insight into the entire supply chain network, providing multi-tier transparency with just one click.
ABRAMS world trade wiki offers the search for current contact persons in the purchasing department of Ack Trading Company as a free service.
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ABRAMS world trade wiki offers the search for current contacts in the sales department of Ack Trading Company as a free service.
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ABRAMS world trade wiki offers the search for latest compliance news from all over the world about Ack Trading Company as a free service.
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ABRAMS world trade wiki offers to search for the latest press releases from around the world about Ack Trading Company as a free service.
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The performance of a company depends heavily on its suppliers. Therefore, a reliable network of partners (suppliers, dealers and manufacturers) is elementary. In bills of lading, a total of 6 international suppliers of Ack Trading Company could be identified on which the company is relying. One of the suppliers is, for example, the company Fengyu (Hk) Ltd., which delivered ____.
Among 2 identified supplying countries, an important source to purchase products from is: China. 32 shipments of goods could be identified from this country.
Get an overview of Ack Trading Company’s international procurement and its 6 suppliers with Company Transparency
Generally you can differentiate the supply chain or supply network of Ack Trading Company by two perspectives:
To ensure business stability and continuity, a supply chain or supply network must be constructed in such a way that external influences can cause as little damage as possible to Ack Trading Company. This applies both in the area of procurement (the loss of a supplier must be covered by an alternative supplier) as in the area of sales (the loss of a buyer must be covered by an alternative buyer).
Risks can generally be considered as the non-availability of goods, through cutback or complete halt of production, or the potential loss of business partners, violating compliance rules (e.g. protection of the environment, labor legislation) and thus drop out of the supply network.
This risk should not necessarily be limited to the direct business partner (Tier 1), it involves the entire supply chain, unless sufficient alternative suppliers and buyers have been put in place.
Get an overview of the international supply chain of Ack Trading Company (upstream/procurement and downstream/sales) from Tier-1 to Tier-n
E.G.: Tier 1 supplier Fengyu (Hk) Ltd.
ABRAMS world trade wiki not only shows direct suppliers and customers of the first tier (Tier-1). With just one click in our tool Supply Chain Intelligence you get a comprehensive insight into the supply network with multiple tiers (Tier-n) beyond the first tier.
Each tier in the supply chain or supply network on the supplier side of Ack Trading Company involves a single risk. The more tiers, the more difficult it is to analyze and monitor the business partners. Suppliers of suppliers are generally unknown, so there is already an increasing risk at the second (Tier 2) level.
If e.g. a first Tier supplier is not adding any value, the supply chain can be shortened and the risk of failure can be minimized by skipping this supplier. A previous Tier-2 supplier now turns into a Tier-1 supplier, which we call "go-direct". In our tool Supply Chain Intelligence as far as international suppliers are concerned, this analysis can be done with one click:
Analyze the potential of shortening and therefore stabilizing the supply chain of Ack Trading Company
Get an overview of internationally purchased products by Ack Trading Company with Company Transparency
Each tier in the supply chain or supply network of Ack Trading Company is adding value and therefore costs. The more tiers, the more expensive the product gets. Supply chains are normally not very transparent, trade secrets are part of the survival tactics in each stage of the value chain, especially for trading companies.
If e.g. a Tier-1 supplier from Ack Trading Company that primarily trades a product and doesn’t add any value (only fulfills the distributor function) it is possible to shorten the supply chain and reduce purchasing costs. A previous Tier-2 supplier now turns into a Tier-1 supplier, which we call "go-direct". In our tool Supply Chain Intelligence as far as international suppliers are concerned, this analysis can be done with one click:
Each company contributes significantly minimizing risks for its buyers, through its own stability. Internal risks (endogenous factors) can be e.g. financially (financial ratios, free cash flow, balance sheets) or operationally (production, lead times). Since 2021, external risks have increased due to worldwide shortages and are an important factor as to whether a supplier such as Ack Trading Company can itself reliably deliver due to external dependencies (exogenous factors).
To assess this, data analysis should be conducted to get practical answers:
How is the supply chain or supply network structured on the supplier side of Ack Trading Company? Are there suppliers or products in the supply chain that are reported as critical, e.g. in international media?
The more constant incoming shipments, the better one can determine possible procurement problems of a company like Ack Trading Company
Since 2021, there are increasingly external factors due to global supply shortages, whether a company, no matter manufacturer or distributor, can reliably deliver through dependencies.
Based on the statistical trend of shipments (in terms of the number of shipments and respectively the quantity of goods) it is possible to analyze current procurement stability and thus ultimately also to derive an indication of the company’s delivery and performance capability.
Here you can see an analysis of shipments from international suppliers to Ack Trading Company in the last few months with Company Transparency
Sourcing products as regionally as possible with short shipping routes and the use of sustainable materials define the CO₂ footprint and sustainability of the products of any company, including Ack Trading Company
After many companies, predominantly due to cost savings, have been building their networks increasingly internationally for years, there is now an increasing trend of so-called “on-shoring” or “near-shoring”. Attempting to include suppliers who are the closest to the supply chain because of financial, risk, environmental and image aspects:
Based on the development of current shipments (in terms of number of shipments and quantity of goods) and changes in international suppliers and routes, it is possible to analyze the extent to which Ack Trading Company has already made efforts in recent months and years, to focus on environmentally relevant aspects, like carbon footprint and sustainability in its business activities.
Get an overview of the international shipments that have an impact on the CO₂ footprint, as well as the sustainability of Ack Trading Company
Generally you can differentiate the competition of Ack Trading Company by the purchase and sales perspective.
Competitors of Ack Trading Company on the purchase side (procurement of raw materials and components for production or distribution) are exposed on ABRAMs wiki under Competitive Intelligence, purchased products, classified by HS-Codes (e.g. 691110) or by top product terms.
Competitors on the sales side of Ack Trading Company (selling raw materials or components for production or distribution) are exposed on ABRAMS wiki under Competitive Intelligence, sold products classified by HS-Codes or by top product terms.