Benefits of Using a Hong Kong Warehouse for Your Business

Hong Kong’s geostrategic advantages, sound infrastructure and free and open economic environment have turned it into a transit hub for trade and logistics in Asia and the rest of the world, a role that is unshakeable. What is Iron Sights configurations in this unfathomably complex/new trade world circumstance in Warehousing Solutions HK have crucial methods importance for enhance the situation of the executive, improve the generation proficiency, and realize the plans of the endeavors. This paper analyses the ware­housing services advantages in hongkong objectively respectively based on locati0n advantage analyze, business environment analyze, cost and efficiency analyze and so as to give reference to the strategic decision of big enterprise.

Location edge: The destination for global reach

As an international city, Hong Kong's geographical advantages have made it a famous place for enterprises to enter the Asian market or even enter the international market.

Kwun Tong Container Terminal. It is with a high quality of handling capacity and storage, transportation and all other facilities, can provide warehousing and transport services for enterprises of all except.

One of the world's three largest hub airport, gives the enterprise the efficient air logistics service that urban complex international route can reach the city of the world.

Enterprises enjoy trade facilitation measures to the Chinese mainland market in the form of relevant favourable policies under the CEPA agreement and so on.

The ecosystem: Plenty of companies are doing well at scale

Hong Kong possesses an excellent commercial climate — both local and foreign businesses can enjoy a steady, clear platform of operation as well as an efficient legal system.

Hong Kong adopts free trade port policy,exempts tariffs for import and export goods, simplify trading process and lower trading cost.

Hong Kong operates under common law, which means that there is a solid legal framework and a self-sufficient and independent judicial system to ensure that legal protection is available to enterprises, and businesses are relatively less risky.

Simplicity of tax and tax rate is low: Hong Kong effective tax system is simple, the tax rate is low, the enterprises need only to pay profits tax, thus reducing the tax burden of the enterprises.

Hong Kong is the global financial hub, the enterprise development for the cross-border payment, financing and a variety of activities to provide convenience, mature financial system, the financial service system is perfect.

Access to information: Hong Kong is famous for extensive media coverage that enables free flow of information, and well-developed network infrastructure enabling Enterprises to exchange information in market survey.

A warehousing services in Hong Kong also brings many advantages to enterprise operation.

Features of Warehousing Service in Hong Kong Business Benefits:

Lower cost: Most importantly, through the cooperation with Hong Kong logistics, enterprises can reduce logistics cost, because Hong Kong is only located 30 minutes away from Shenzhen and most other Chinese cities, and the customs clearance time is very short, so customers can minimize their warehouse for fast delivery service; High value-added logistics and low product cost, there is no need for value-added taxes on goods in transit.

Reduce lead times — If the manufacturers are closer to the end market, it comes with shorter lead times allowing the companies to respond to the customer order faster saving time allowing higher customer satisfaction.

Just read a few sentences generally do the logistics cost reduction: as long as do a good job of inventory management, enterprises not only can reduce the inventory of inventory, also can reduce the cost of warehousing, occupy less fund flow. The Foreign Investment Account policy is the high-level open free trade port policy conducive to reduce tariff and trade cost.

Since Hong Kong is the base to compete for the enterprise market in Asia, it is more convenient to carry out market research, establish sales channels and promote brand influence.

Solving the Resistance of Risk–In order to avoid some of the risks to which the supply chain is often subject (natural disasters, trade frictions, etc), when the goods are stored in different places, it can serve in stabilizing the supply chain.

How To Determine The Right Warehousing Services In Hong Kong For Your Business?

As per their competition in Hong Kong, enterprises have to choose the right warehousing service model:

For the big multinationals they are able to build their warehouse from scratch or pay rent tens of thousands square meters logistics center. They are able to combine the supply chain management in order to gain a scale effect.

The SME can lease a public warehouse or hire the 3PL service to reduce warehousing investment, and obtain the professional logistics service.

Cross-border e-commerce 4, Cross-border e-commerce enterprises: Hong Kong warehousing service of cross-border e-commerce logistics service provider, fast response delivery in a few minutes to improve the customer experience.

Enterprises should not only consider economical locati0n, facilities and equipment, service level, price and other factors comprehensively before choosing them as their the most suitable partner.

Conclusion and Prospect

They provide high strategic value with warehousing services for businesses to optimize supply chain management, minimize operational costs, and enhance market potential in the import and export sector, as an integral international trade and logistics centre in Hong Kong. Due to Hong Kong's geography and business environment, it is also a great staging base for enterprises to enter Asia and even the world. However, in the future and with the construction of Guangdong-Hong Kong-Macao Greater Bay Area, which will further consolidate Hong Kong's logistics hub position, Hong Kong warehousing services will enter a larger development space. No matter enterprises in Hong Kong, the mainland or overseas, everyone should be fully utilized Hong Kong advantages, optimize the supply chain layout, improve the international market competitiveness, to achieve a leapfrog development.