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News & Notes

Beshear Sets Date For Business Sectors To Restart

By Sherry Mulkins | April 30, 2020 |

Governor Beshear stated that as long as Kentucky keeps up the fight against the Coronavirus with promising results, the following business sectors are in line to restart: May 11 – Manufacturing, construction, vehicle and vessel dealerships, professional services (at 50% of pre-outbreak capacity), horse racing (without spectators), pet grooming and boarding May 20 – Retail,…

U.S. – Mexico – Canada Agreement Trade Pact Delayed

By Sherry Mulkins | April 30, 2020 |

Mexico and Canada have taken measures necessary to comply with their commitments under the U.S. – Mexico – Canada Agreement (USMCA) which replaces the North American Free Trade Agreement (NAFTA). Mexico requested for a longer transition period for the auto industry to ensure that it was meeting new, more stringent North American content rules.  …

Crisis Shows Supply Chains Need To Embrace New Technologies

By Sherry Mulkins | April 30, 2020 |

Cognitive technology involves a combination of “big data” and artificial intelligence (AI). With cognitive technology, supply chain data and transactions from some of the world’s largest corporations can be loaded up to a single place in the cloud. There, the numbers can be crunched and key lessons derived. These results can revolutionize operations and with…

Planning To Reopen Your Business? 10 Things Beshear’s Administration Is Looking For

By Sherry Mulkins | April 30, 2020 |

Telework whenever possible Return employees to work in phases Limit face-to-face meetings Social Distance Accommodate for at-risk individuals Provide universal masks for employees Close common areas Enforce use of sanitizer/hand washing stations Conduct temperature checks Have a testing plan   Read the Press Release

UofL Technology Shows Promise Fighting Coronavirus

By Sherry Mulkins | April 23, 2020 |

University of Louisville researchers have developed a technology that is believed to block coronavirus SARS-CoV-2 from infecting human cells. Early tests show that this may stop viruses, from “hijacking” nucleolin to replicate inside the body. UofL is seeking to fast track development, including application to the Food and Drug Administration (FDA) for approval to start…

Is It Time to Rethink Globalized Supply Chains?

By Sherry Mulkins | April 23, 2020 |

Over the last 30 years supply chains have become increasingly global. This change has been caused by the increase in the number of trade-able goods and services. Goods with high value relative to their size and shipping cost makes sense to manufacture them in a low-cost region and ship them. A steady decline in those…

Kentucky Businesses Approved for SBA Paycheck Protection Loans

By Sherry Mulkins | April 23, 2020 |

Since the beginning of the Paycheck Protection Program (PPP), created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, more than 1.6 million loans have been approved totaling to approximately $350 billion. The Federal Reserve announced creation of the Main Street Business Lending Program that will support small and mid-sized businesses that were in…

How Soon Can Kentucky Businesses Reopen?

By Sherry Mulkins | April 23, 2020 |

Unless a 14 consecutive day decline in the rate of new COVID-19 cases or access to much more testing and personal protective equipment (PPE) it might be at least another month before businesses start reopening. The U.S. Senate is expected to approve a deal that would add another $310 billion into the Paycheck Protection Program…

Flavorman Alters Production to Manufacture Hand Sanitizer

By Sherry Mulkins | April 23, 2020 |

As a life-sustaining business essential to the beverage industry’s supply chain, Flavorman has been allowed to remain open and operating throughout the pandemic and has decided to manufacture its own hand sanitizer to fulfill a critical need for its local community. The companies have produced over 17,000 gallons of hand sanitizer.   Read the Press…

Three Phases of Opening Up America Again

By Sherry Mulkins | April 23, 2020 |

Phase One: Individuals Continue to shelter in place Maximize physical distance Avoid groups of more than 10 people Minimize non-essential travel Employers Encourage telework Return to work in phases Close common areas and enforce social distancing Minimize non-essential travel Specific Types of Employers Schools should remain closed Visits to senior living facilities and hospitals should…