Tariff relief offered by SKU Distribution Center in Chandler designated as a Foreign Trade Zone
The Brief
SKU Distribution Center in Chandler offers a different way for companies to work around international tariffs.
Designated as a Foreign Trade Zone, or FTZ, the company has the ability to defer tariffs to help local companies manage cash flow.
The company is gaining widespread interest as businesses work to stabilize operations amid the new rules.
CHANDLER, Ariz. - Among the chaos of tariffs, one Valley business is turning heads.
It's a local distribution center that offers something different than most.
What we know
Customers of this distribution center are from all across the globe and deal with the impacts of tariffs just like everyone else.
However, SKU Distribution Center in Chandler is marked as a Foreign Trade Zone, or FTZ.
"We've gotten [quite] a bit of interest," said James Peacock, founder and CEO of SKU Distribution.
It puts them in a unique position.
It means international goods parked there don't have to pay tariffs until they leave the warehouse and are sold.
What they're saying
"It comes into the zone, you defer all those duties and taxes until those pieces actually leave the zone" Peacock said.
Businesses from all over are taking notice of the federal FTZ sign stamped in the warehouse.
Founder and CEO James Peacock says his industry is turned upside-down following the Trump administration's international tariffs.
While businesses are trying to figure out how to pass along cost increases from the tariffs, it's different at Peacock's warehouse and fulfillment center.
"I mean everyone in the market is freaking out, I don't think that's an understatement," he said.
Big picture view
SKU has become a desirable option for many businesses.
"Really the only way to manage that portion of your line item cash flow is to use something like this," he said.
Cash flow could become invaluable as the market learns to try to adjust to these new tariffs, offering savings and supply chain efficiencies for importers.
"It's a way for them to continue their supply chain, and kind of park the stuff in a Foreign Trade Zone so they can defer those taxes, take a deep breath, and wait for the dust to settle until everyone figures out exactly what's going on here and can go from there," Peacock said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a day ago
- Yahoo
I went back to corporate work after a 17-year career break. My résumé gap would have been a bigger barrier if it weren't for a career returners program.
Alice Peacock left her IT operations job in 200 to be a stay-at-home mom. Her career break lasted 17 years. A specialized returners program helped her rejoin the workforce. Peacock was conscious of the gap in her résumé, but she says the break made her a better employee. This as-told-to essay is based on a transcribed conversation with 55-year-old Alice Peacock from Reading, England. The following has been edited for length and clarity. I fully intended to go back to work after having my first child. I looked into nurseries near my workplace and tried to get increased flexibility to cut my hours at my company, but nothing seemed to be working out. My first child, Michael, was born in 2001, and I fell in love. When my maternity leave was coming to an end, I questioned whether I wanted someone else to look after him. I decided to give my one-month notice and take a break. Motherhood kept me busy, and I had my second child, Melissa, in 2005. I didn't return to a full-time job until 2018. My 17 years away from corporate made me a softer and kinder person. When I began looking for full-time jobs again, a career returners program helped me get back into the corporate world. I'm now working at the same level as I was when I left IT. I really enjoyed being part of the corporate world. I'd been working in operations for an IT services company since 1998. I understood my work and felt good at it. It was hard to leave my job in 2001. I'd built up a reputation and felt connected to my colleagues. I invited the whole global team to my wedding. But looking after the children was like a permanent holiday. When you've got time to spend with your kids, you can instill lessons into them so they can be independent. My children can cook, and they know the value of money. I'd always make sure they finished a meal when we went out to eat, and not be wasteful. At the back of my mind, I wanted to go back to work, but I didn't think I could handle a corporate operations job alongside the children. We had to cut back on expenses by having shorter holidays and not sending our kids to private school, but we were willing to make these sacrifices so I could stay home and look after them. While my children were growing up, I did take on some part-time work and voluntary opportunities. My money wasn't required to contribute to the household resources, but I missed adult conversation. When my 16-year-old son got a job at a grocery store back in 2017, he made a cheeky joke that he was making more money than I did. My eldest was a teenager, and my daughter was old enough to go to school by herself, so I started looking for operations jobs again. I knew my résumé gap would be a barrier, so I was open to lower-level roles than I had when I left IT. I attended employment workshops at a local community center, where we learned about résumés, LinkedIn, and interview techniques. Actively preparing for employment made me feel confident about the job search. One hiring manager I spoke to told me they were looking for someone with more recent experience. Not long after that, I was accepted into a three-month employment program I heard about and applied to. The program was with O2, a British telecommunications company now known as Virgin Media O2. The program was designed specifically for people returning from career breaks, like me. It was coincidental that the program was accepting applicants at the same time I started job searching. Without this kind of specialized scheme, it would've been a bigger challenge to get back into work because I lacked recent experience. The program's interviewers considered my transferable skills and asked me how things I did during my career break might apply to the role. I started the program in October 2018 and settled easily. It felt like I'd never left the workforce. I received support from my line manager, a mentor, and my peers in the program. At the end of the three months, I was offered a full-time position as a problem process manager. The role overlaps with my previous experience, and I've found the operations processes similar to when I was last in the workforce. Technology has changed, though, because now we have things like Teams for video calls, and there's more virtual collaboration. I got promoted to senior problem manager in 2022. I'm probably on the same level now as I was before having kids. However, had I not stopped working in 2001, I think I would've been in a "head of" or director role by now, because I was very ambitious. My career break made me a better employee. Having children brought out my nurturing side and made me a softer person. I listen more, am more personable, and kinder. I'm grateful for the opportunity to get back into work. Without this career returner's program, I think I would've had to lower my expectations and either work my way up from an admin role or apply for an apprenticeship. The traditional hiring process unfairly penalizes career returners because of gaps in their résumés. Returners bring years of professional experience and industry knowledge, along with additional skills gained during their career breaks. Do you have a story to share about taking a career break? Contact this reporter at ccheong@ Read the original article on Business Insider
New York Times
2 days ago
- New York Times
Disney Takes Full Control of Hulu for Billions Less Than Comcast Wanted
The tug of war over Hulu is over. Disney said in a securities filing on Monday that it had agreed to pay Comcast an additional $439 million for full control of the streaming service, ending a year and a half dispute over the amount. Disney had argued that it owed Comcast nothing beyond the $8.6 billion it already paid for Comcast's 33 percent stake — and Comcast countered that Disney owed another $5 billion. Eventually, a third-party appraiser was brought in. The relatively small new payment will not affect Disney's previous guidance for overall company growth in the current fiscal year, Disney said in the filing. The deal is expected to close by July 24. Robert A. Iger, Disney's chief executive, said in a statement that full ownership of Hulu would allow for 'a deeper and more seamless integration of Hulu's general entertainment content with Disney+' and for bundled sales with a new ESPN streaming service that is planned for introduction later this year. In a separate statement, Comcast called Hulu 'a great start for us in streaming,' adding 'we wish Disney well.' Comcast's primary streaming service is now Peacock, which it has been loading with sports content as it seeks to expand advertising sales and subscriber counts. Peacock, which has been unprofitable, has about 41 million subscribers. Hulu, one of the first streaming services, started as a joint venture between Disney, Comcast and Time Warner. It now offers programming from Disney's traditional television networks, including ABC and FX, in addition to original series, including 'Only Murders in the Building.' Hulu, which is profitable, has about 55 million subscriptions. To increase engagement on Disney+ and slow subscriber churn, Disney last year began allowing people who pay for both Disney+ and Hulu to watch both services through the Disney+ interface. That strategy has been a success for Disney, analysts have said. Some analysts expect Disney to eventually discontinue Hulu as a stand-alone app and make it a tile within Disney+.
Tom's Guide
5 days ago
- Tom's Guide
WWE Money in the Bank 2025: live stream wrestling online; start time, card, storylines and predictions
With a fun, concise card put together, the clear and obvious headline attractions of WWE Money in the Bank 2025 are the two titular ladder matches. Here's how to watch WWE Money in the Bank online and on TV, and from anywhere with a VPN. • Date: Saturday, 7 June• Start time: 7 p.m. ET / 4 p.m. PT / 12 a.m. GMT (Sunday) / 11 a.m. AEDT (Sunday)• U.S. — Watch on Peacock• RoW — Watch on Netflix • Watch anywhere — try NordVPN 100% risk-free From Inglewood, California's Intuit Dome, WWE Money in the Bank 2025 takes place this Saturday and is shaping up to be an extremely newsworthy Premium Live Event. As ever with the annual Money in the Bank PLE, the two MITB ladder matches take centre-stage, but there's also the small matter of a Women's Intercontinental Title match and an all-star tag team bout featuring two World Champions. With that said, here's our full guide to where to watch WWE Money in the Bank 2025 live streams online and on TV around the world. While Peacock is available all across the U.S. and Netflix is now the standard around the world, WWE Money in the Bank 2025 live streams can get a bit confusing. You might want to check out a VPN if you're abroad can't watch with the service you normally use. We've tested many different VPN services and our favorite is NordVPN; it offers superb speeds, excellent customer service and a no-questions-asked 30-day money-back guarantee, so you can try it out first to see if it's right for you. But you've got other VPN options too, so check out our full list of the best VPN services. There's a good reason you've heard of NordVPN. We specialize in testing and reviewing VPN services and NordVPN is the one we rate as the best. It's outstanding at unblocking streaming services, it's fast and it has top-level security features, too. With over 7,000 servers, across 110+ countries, and at a great price, it's easy to recommend. Get 70% off NordVPN with this deal WWE Premium Live Events like WWE Money in the Bank 2025 are exclusively streamed on Peacock in the United States. They are included in both the Premium and ad-free Premium Plus tiers of the streaming service. However, even if you're subscribed to the ad-free option, it won't make a difference since commercials are still included in live WWE productions. Peacock plans start at $7.99 per month, and the annual Peacock plan is $79.99, which essentially gives you two months free. Subscribed to Peacock but traveling over the weekend? You can use a VPN such as NordVPN to access your domestic streaming services from anywhere. In addition to the WWE live streams, Peacock also has huge library of licensed content drawn from various brands. That includes Premier League soccer and shows such as "Love Island USA," "The Office," "Law and Order: SVU and "Real Housewives" and movies like "Oppenheimer." For wrestling fans in the United Kingdom, Canada, Australia, and various other countries outside of the United States, they can watch WWE Money in the Bank 2025 live on Netflix, the new home of WWE around the world. Traveling in the U.S. and don't want to pay for Peacock? You can use NordVPN to access your Netflix subscription from anywhere in the world. As WWE continues to run through its PLE events, we've now got WWE Money in the Bank 2025 upon us this Saturday. To start with the Money in the Bank matches themselves, the men's match sees Andrade, El Grande Americano, LA Knight, Penta, Seth Rollins, and Solo Sikoa all chasing after the famed MITB briefcase. Going into the PLE, Rollins seems the standout favourite to walk away victorious, but maybe, just maybe, the Visionary's recent beef with Sami Zayn and CM Punk could come back to haunt him. If Seth does not end up winning here, the next most logical shout could be LA Knight (YEAH!), with a Money in the Bank victory something that could propel the Megastar to the next level. Where the women's Money in the Bank match is concerned, that could easily steal the show as Alexa Bliss, Giulia, Naomi, Rhea Ripley, Roxanne Perez, and Stephanie Vaquer go to war. While Rhea and Alexa are the biggest names in this one, some would say that Naomi and her recent heel turn would benefit the most from a win here. And if not Naomi, recent Raw signee Vaquer might end up getting the rocket strapped to her with a statement win come Saturday. In the sole title match at WWE Money in the Bank 2025, Lyra Valkyria once again defends her Women's Intercontinental Championship against her long-time mentor, Becky Lynch. With Lynch having come up short against Lyra at WWE Backlash last month, could the Man finally manage to get one over on her former student? Many fans seem to think so, but don't count Valkyria out just yet. Rounding out what is a four-match card as of this writing, we have a huge all-star tag team contest. There, arguably the most popular act in the company, World Heavyweight Champion Jey Uso, teams up with his close pal and the poster boy of this era, Cody Rhodes, as they go up against the iconic, legendary, record-setting WWE Champion, John Cena, and the buzz-creating, love-him-or-hate-him social media sensation known as Logan Paul. Given how Triple H tends to go with five-match line-ups for most of WWE's regular PLEs these days, it may well be that another bout is added before Money in the Bank gets here. As of now, though, the event consists of just four matches. We test and review VPN services in the context of legal recreational uses. For example: 1. Accessing a service from another country (subject to the terms and conditions of that service). 2. Protecting your online security and strengthening your online privacy when abroad. We do not support or condone the illegal or malicious use of VPN services. Consuming pirated content that is paid-for is neither endorsed nor approved by Future Publishing.
