Far East Company

　　

Far East Company: A Comprehensive Overview

　　

1. Company Overview

　　

Founding Date and Background

　　Far East Brokers was established in 1981 by Charles Zimmerman, who recognized the potential of importing general merchandise from Asia to the United States. With over four decades of experience in the retail industry, Far East Brokers has become a leader in the importation of seasonal and promotional products.

　　

Parent Company/Ownership Structure

　　Far East Brokers operates as a privately held entity under the legal name Far East Brokers and Consultants, Inc. The company is owned and led by the Zimmerman family, with Charles Zimmerman serving as the Chairman of the Board and his son Morrie Zimmerman as the President and CEO.

　　

Headquarters Location

　　The company is headquartered in Jacksonville, Florida, at 3644 Philips Highway, Jacksonville, FL 32207, United States. This strategic location allows for efficient logistics and distribution across the southeastern United States.

　　

Global Business Scope

　　Far East Brokers specializes in the importation of a wide range of products, including seasonal items, promotional merchandise, and consumer goods. The company has established deep relationships with manufacturers in Asia, enabling it to serve over 12,000 retail locations across the United States.

　　

Main Regulatory Bodies

　　As a company engaged in international trade and importation, Far East Brokers is subject to regulations from various bodies, including the U.S. Customs and Border Protection (CBP) and the Federal Trade Commission (FTC), ensuring compliance with import laws and consumer protection standards.

　　

2. Company History and Development

　　

Key Milestones

• 1981: Far East Brokers is founded, focusing on importing general merchandise from Asia.
• Late 1970s: Charles Zimmerman plays a significant role in the launch of one of the first big-box superstores, setting a precedent for retail innovation.
• 1998: The Zimmerman Family Foundation is established, reflecting the company's commitment to community involvement.

　　

Business Expansion Journey

　　Over the years, Far East Brokers has expanded its product offerings and customer base significantly. The company initially focused on small retailers and has since grown to supply major department stores, supermarkets, and drug chains across the U.S.

　　

Customer Base Growth

　　Under Morrie's leadership, the company saw a tenfold increase in revenue and customer base during his tenure as Vice President of Sales and Marketing, illustrating the effectiveness of their strategic initiatives.

　　

Platform Development History

　　Far East Brokers has developed advanced systems for logistics and marketing support, including the GM Hawk® survey/audit system, which provides real-time insights into retail environments.

　　

Important Awards or Recognitions Received

　　While specific awards are not detailed, Far East Brokers is recognized as a respected leader in the import industry, known for its commitment to quality and customer service.

　　

3. Trading Services Offered

　　

Forex Trading Options

　　Far East Brokers does not primarily engage in forex trading, as its focus is on importing consumer goods rather than financial instruments. Therefore, it does not offer a range of currency pairs.

　　

Stock Trading Options

　　Similar to forex, Far East Brokers does not provide stock trading options as part of its business model. The company's operations are centered around the importation and distribution of goods.

　　

CFD Trading Products

　　The company does not deal with Contracts for Difference (CFDs) or other financial trading products, as its core business is not in financial markets.

　　

Other Financial Instruments

　　Far East Brokers specializes in the importation of consumer products rather than financial instruments such as cryptocurrencies or commodities.

　　

Special Services or Unique Advantages

　　Far East Brokers offers unique advantages in the importation process, including:

• Strong relationships with Asian manufacturers, ensuring quality and reliability.
• Comprehensive logistics support to streamline the supply chain.
• Marketing assistance for retailers to enhance product visibility.

　　

4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　Far East Brokers operates under the oversight of several regulatory bodies, including:

• U.S. Customs and Border Protection (CBP)
• Federal Trade Commission (FTC)
• Food and Drug Administration (FDA) for applicable products

　　

Legal Entity Structure by Region

　　As a U.S.-based company, Far East Brokers is structured as a corporation under Florida state law. It operates primarily within the United States, with import activities focused on products sourced from Asia.

　　

Client Fund Protection Measures

　　While specific client fund protection measures are not applicable in the same manner as financial trading firms, Far East Brokers adheres to strict compliance and quality control measures to ensure the safety and reliability of the products it imports.

　　

Countries/Regions Served

　　The primary market for Far East Brokers is the United States, but the company also maintains relationships with suppliers across various Asian countries, including China, Vietnam, and India.

　　

Compliance History

　　Far East Brokers has maintained a strong compliance history, focusing on ethical business practices and adherence to import regulations, contributing to its reputation as a trusted partner in the retail industry.

　　

5. Competitive Landscape

　　

3-5 Main Competitors

　　Far East Brokers faces competition from several companies in the import and retail sectors, including:

• Stickel Packaging Supply
• Basic Crating & Packaging
• Filter Time

　　

Positioning in the Industry

　　Far East Brokers is positioned as a leading importer of seasonal and promotional products, known for its commitment to quality and customer service. The company has built a solid reputation over the years, making it a preferred partner for many retailers.

　　

Market Differentiation Factors

　　Key factors that differentiate Far East Brokers from its competitors include:

• Extensive experience in the industry, with over 40 years of operations.
• Strong relationships with manufacturers in Asia, ensuring quality and reliability.
• A comprehensive support system for logistics and marketing, providing added value to customers.

　　In conclusion, Far East Brokers has established itself as a leader in the importation of consumer goods, with a rich history of growth and community involvement. The company's commitment to quality, innovation, and customer service continues to drive its success in the competitive retail landscape.

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