BDG Company

BDG Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

BDG International, Inc. was founded in 1983 by the Anderson family. The company has established itself as a key player in the international freight forwarding and customs brokerage industry, providing essential logistics services that facilitate global trade.

Parent Company/Ownership Structure

BDG International operates as an independent entity but has expanded its operations globally, including establishing BDG International (India) Pvt. Ltd. in 2007. The company is co-owned by Lisa Victoria Waller, who serves as the president, and Mark Reed Anderson, the chairman of the board.

Headquarters Location

The company is headquartered in Elgin, Illinois, which is part of the greater Chicago metropolitan area. This strategic location allows for efficient access to major transportation hubs and customs ports across the United States.

Global Business Scope

BDG International has a global business scope, particularly focusing on trade with India and handling oversized freight. The company's operations extend to various markets, including the United States and India, with additional insights and services tailored to local marketplaces.

Main Regulatory Bodies

As a licensed customs broker, BDG International operates under the regulations of several key governmental bodies, including the U.S. Customs and Border Protection (CBP) and various partner government agencies like the FDA and USDA.

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2. Company History and Development

Key Milestones

• 1983: BDG International is founded by the Anderson family.
• 2007: The establishment of BDG International (India) Pvt. Ltd. in New Delhi, followed by the opening of an office in Mumbai in 2020.
• 2013: BDG is awarded the Presidents “E” Award for excellence in exporting, recognizing its significant contributions to international trade.

Business Expansion Journey

BDG International has experienced steady growth since its inception. The company has expanded its services to include customs brokerage, freight forwarding, and international trade consulting. The establishment of its India offices marks a significant step in its global expansion strategy, allowing the company to better serve clients in the Indian market.

Customer Base Growth

Over the years, BDG International has cultivated a diverse customer base, serving various industries such as healthcare, education, and not-for-profit organizations. The companys commitment to providing tailored logistics solutions has contributed to its growing client portfolio.

Platform Development History

BDG International has invested in advanced brokerage software and technology to streamline its customs clearance processes. The integration with the Automated Commercial Environment (ACE) has enhanced its operational efficiency, allowing for rapid clearance services across U.S. customs ports.

Important Awards or Recognitions Received

The company‘s commitment to excellence in international trade has been recognized through various awards, including the prestigious President’s “E” Award for its outstanding contribution to exporting.

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3. Trading Services Offered

Forex Trading Options

BDG International does not specifically focus on forex trading services. Instead, it primarily offers logistics and customs brokerage services. However, it supports clients engaged in international trade, which may involve forex transactions indirectly.

Stock Trading Options

The company does not engage in stock trading services. Its core competencies lie in logistics, customs brokerage, and international trade consulting.

CFD Trading Products

BDG International does not offer Contract for Difference (CFD) trading products. Its services are focused on facilitating international trade through customs clearance and freight forwarding.

Other Financial Instruments

While BDG International does not directly offer financial instruments like cryptocurrencies or commodities trading, it supports businesses that may engage in such activities by providing the necessary logistics and customs support.

Special Services or Unique Advantages

BDG International distinguishes itself through its comprehensive customs brokerage services, including:

• Binding rulings and petitions
• HTSUS reviews for accurate commodity classification
• Direct EDI links with the FDA for seamless regulatory compliance
• Pre-entry services to initiate clearance processes before cargo arrival

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4. Regulatory and Legal Background

Detailed Regulatory Information

BDG International operates under the oversight of several regulatory bodies, including:

• U.S. Customs and Border Protection (CBP)
• Food and Drug Administration (FDA)
• U.S. Department of Agriculture (USDA)
• Federal Communications Commission (FCC)
• Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF)

Legal Entity Structure by Region

In the United States, BDG International is structured as a corporation, while its Indian subsidiary operates as a private limited company. This dual structure allows the company to navigate regulatory environments in both countries effectively.

Client Fund Protection Measures

While BDG International primarily focuses on logistics and customs brokerage, it adheres to strict compliance measures to protect client data and ensure secure transactions, particularly in its interactions with regulatory agencies.

Countries/Regions Served

BDG International serves clients primarily in the United States and India, with capabilities to handle international shipments across various global markets.

Compliance History

The company has maintained a strong compliance history, consistently adhering to the regulations set forth by U.S. customs and other government agencies. Its proactive approach to compliance ensures smooth operations for its clients.

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5. Competitive Landscape

3-5 Main Competitors

BDG International competes with several key players in the logistics and customs brokerage industry, including:

1. Expeditors International: A global logistics company known for its integrated services.
2. DHL Supply Chain: Offers comprehensive logistics and supply chain solutions worldwide.
3. Kuehne + Nagel: A leading global provider of logistics services, including freight forwarding and contract logistics.
4. C.H. Robinson: Provides logistics and supply chain services, including customs brokerage.

Positioning in the Industry

BDG International positions itself as a specialized customs broker with a focus on international trade consulting and logistics solutions. Its expertise in navigating complex regulatory environments distinguishes it from larger, more generalized logistics providers.

Market Differentiation Factors

BDG International's unique advantages include:

• A strong emphasis on customer service and tailored solutions
• Expertise in handling oversized freight and complex customs requirements
• A dedicated team of licensed customs brokers with extensive industry knowledge
• Advanced technology integration for efficient customs clearance processes

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In conclusion, BDG International, Inc. has established itself as a reputable player in the international logistics and customs brokerage industry. With a strong focus on compliance, customer service, and technology, the company continues to facilitate global trade effectively. For more information on BDG International's services and capabilities, learn more.