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Supply Chains Are At Risk Moving Into 2020

By Sherry Mulkins | February 27, 2020 |

Incidents such as hurricanes destroying Pfizer’s facilities in Puerto Rico in 2017 which caused them to suffer approximately $195m in damage, as well as the typhoons in 2018 for Toyota and the US-China trade war in 2019 that cost around $455b highlight the importance of companies’ approach to proactively gauging and mitigating external risk. On…

Kentucky Nation’s Leading Whiskey Exporter

By Sherry Mulkins | February 18, 2020 |

Gov. Andy Beshear announced today that Kentucky is the nation’s leading whiskey exporter, which includes bourbon and rye, according to 2019 export reports. In 2019 Kentucky exports also continued to grow reaching more than $33 billion in goods and services shipped abroad. Kentucky grew its exports by 4% over the previous year, despite a nationwide…

LBX Donating $500 To AHA For Every Link-Belt Excavator It Sells In February

By Sherry Mulkins | February 18, 2020 |

The American Heart Association (AHA) is teaming up with companies in Kentucky. LBX is a leading Kentucky participant and this is their fourth year donating $500 per February sale. The company donated $48,500 in 2017; $47,500 in 2018; and $51,000 in 2019.   Read the Press Release

UPS & SOS Partner to Help Combat Coronavirus

By Sherry Mulkins | February 13, 2020 |

SOS provided protective medical gear weighing more than 10,000 pounds and UPS provided the transportation to Shanghai, China in order to combat the shortage of medical supplies due to the lock-down in Wuhan and surrounding areas resulting from the coronavirus.   Read the Press Release

University of Kentucky MBA Students Develop Solutions with World Trade Center Kentucky

By Sherry Mulkins | February 13, 2020 |

World Trade Center Kentucky (WTC-KY) has partnered with the University of Kentucky’s Gatton College of Business and Economics for the eighth year for a three day international trade training session. Students were taught about trade policy, market entry strategies, import/export transactions, business culture and were also introduced to international business careers.   Read the Press…

China and Coronavirus: Manufacturing Problems in Wuhan Only the Beginning

By Sherry Mulkins | February 13, 2020 |

Just about every factory in the great coastal manufacturing hubs of Guangdong Province and Shenzhen, the Shanghai — Suzhou — Nanjing coridor, or around Chongqing in Sichuan Province has some workers who went home to Wuhan or another contagion area for the holiday. This year a lot of people won’t be coming back on time…

President Trump visits Warren Axle Plant, Talks Trade

By Sherry Mulkins | February 13, 2020 |

While visiting an axle manufacturer’s plant in Warren, President Donald Trump promised new North American trade deal will be good for Michigan’s autoworkers. President Trump also promoted investment announcements by Ford, General Motors and Fiat Chrysler Automobiles, including GM’s plan to spend $2.2 billion to turn the Detroit-Hamtramck plant into a production facility for electric…

US-UK Trade Talks in a Post-Brexit World

By Sherry Mulkins | February 13, 2020 |

Boris Johnson threatened to walk away with no deal at the end of the year rather than sign up to EU rules on competition and state aid. He also made the case that the UK should not abide by Brussels rules any more than the EU should have to follow Britain’s regulations after Brexit.  …

U.S. Economy Grows 2.1%, Consumption Slowing

By Sherry Mulkins | February 11, 2020 |

U.S. consumer spending moderated and business investment continued to deteriorate at the end of 2019, while a smaller trade deficit and more home construction helped keep economic growth steady. GDP expanded at a 2.1% annualized rate for a second straight quarter, according to Commerce Department data. Consumer spending decelerated to a 1.8% pace, below projections…

USMCA Trade Agreement: U.S. Dairy and Meat Exports

By Sherry Mulkins | February 11, 2020 |

President Donald Trump Signed the USMCA trade agreement. The revised NAFTA agreement seeks to be a win for U.S. dairy and red meat. Producers in southern Minnesota say some of the provisions have been a long time coming. Read the Press Release

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