May 24, 2021 – Sugar Land, TX – WDSrx, a pharmaceutical logistics company based in Boca Raton, Florida was approved as a customs bonded warehouse facility at their location in Sugar Land, Texas. Established in 2010, WDSrx operates nine GMP warehouse facility locations in Florida, New Jersey, Texas, Ohio and Nevada, with 650,000 square feet of capacity for prescription and over-the-counter medications, medical devices, supplements and raw materials.
A customs bonded warehouse is a segregated secure area within a facility in which dutiable goods may be stored, manipulated, or undergo manufacturing without payment or duty for up to five years. A bonded warehouse is within United States Customs territory, therefore, U.S. Customs and Border Patrol are kept aware of all incoming goods into the warehouse.
WDSrx specifically operates a Class 2 Bonded Warehouse at the Sugar Land, Texas facility which is exclusively used for the importation of goods using near-shoring techniques to receive and store merchandise. The WDSrx Sugar Land, TX location serves the Port of Houston and George Bush International Airport for easy transfer of goods entering from Latin America and other international destinations by air, sea and road. Additional benefits from utilizing customs bonded warehouse areas include reduction of certain duties, relief from inverted tariffs, duty exemption on re-exports, duty elimination on waste, weekly entry savings, improved compliance and indefinite storage capabilities.
For example, a pharmaceutical or medical device manufacturer from Mexico may import products into the bonded area for a cost-effective transition into the U.S. market. Prior to launch date or awaiting FDA approval, inventory can be stored in the bonded area for distribution by the experienced WDSrx team immediately after authorization is received. Duties and taxes are owed only when product leaves the bonded area for domestic distribution. This process minimizes cost for manufacturers that prefer their product to be available as soon as distribution approval is granted.
The Sugar Land, TX location is the first bonded warehouse facility within the WDSrx network. With this development, WDSrx adds to the current diverse services it offers including packaging and labeling, reverse logistics, financial reporting and transportation management. “With our proximity to Latin America, our Sugar Land, TX location is ideal for supporting manufacturers that are able to take advantage of the benefits provided by our customs bonded status,” according to WDSrx President Adam Runsdorf.
Plans are underway to expand special services at WDSrx with additional bonded locations and Foreign Trade Zone status in Dayton, NJ.