Supply Chain Management and Importing: Guidance for Virginia Companies
May 1, 2023
In Virginia, 86% of businesses that engage in international trade depend on imports of intermediate goods for their operations. Virginia businesses that import intermediate goods generate $90 billion in output, $131 billion in economic activity, 550,000 jobs, add $58 billion to Virginia’s Gross State Product, and support $1.8 billion in revenues for the Commonwealth’s annual budget. On average, workers at these businesses earn $3,000 more per year.
This Guide to Supply Chain Management and Importing aims to curate directories of professional service providers, education opportunities, networking events, and online resources to assist Virginia businesses in optimizing their supply chains and importing. This report includes:
- The basics of importing, focusing on the essential role of imports, compliance, and foreign trade zones;
- A comprehensive list of conferences that focus on importing and supply chain logistics; and
- A guide to service providers that work in tandem with VEDP to help Virginia business with supply chain logistics and importing, including associations and organizations, educational resources inside and outside of Virginia, and logistics resources.