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News & Notes

Kentucky Clothing Brand Receives International Recognition

By Sherry Mulkins | March 5, 2020 |

Morehead-based New Frontier Outfitters received an Excellence in International Trade Award on December 12 from the World Trade Center Kentucky (WTC-KY). The award was presented in Frankfort by former Governor Martha Layne Collins.   Read the Press Release

How to Prepare Your Supply Chain for Coronavirus

By Sherry Mulkins | March 5, 2020 |

What you can do now: Take care of your people Maintain a healthy skepticism Run outage scenarios to assess unforeseen impacts Create a comprehensive, emergency operations center Design for Response Know all your suppliers Understand vulnerabilities and take action Create continuity plans Don’t forget your people Revisit your supply chain design Redesign with second sources…

2 Million Visited Kentucky Last Year. The Reason: Whiskey

By Sherry Mulkins | March 5, 2020 |

Kentucky Distillers’ Association (KDA) and Buffalo Trace (not included in the association) released data related to those who visited Kentucky distilleries. Buffalo Trace had a record breaking 293,996 visitors, which is a 35% increase from the previous year. The KDA had 1,719,821 visits between its Kentucky Bourbon Trail and Craft Tour destinations (37 distilleries). This…

Companies Moving Manufacturing Out of China Due to Trade War

By Sherry Mulkins | March 5, 2020 |

Companies are moving manufacturing from China to Vietnam as they attempt to dodge President Trump’s tariffs. Companies including Samsung, Nike, and Adidas have shifted production into Vietnam from China as tariff concerns have grown.   Read the Press Release

T. Marzetti Co. Plans Nearly $93m Investment to Boost Capacity

By Sherry Mulkins | February 27, 2020 |

T. Marzetti Co. which manufacturers salad dressings, sauces and other food products, plans to expand its Hart County plant with a $92.8m investment creating up to 140 full time jobs. Company leaders anticipate the project will be completed by Summer 2021.   Read the Press Release

WTC-KY eCommerce Webinar Series Helping KY Companies Sell to the World

By Sherry Mulkins | February 27, 2020 |

The World Trade Center Kentucky (WTC-KY), UPS, and SkuVault have partnered to create the 2020 eCommerce webinar series which will provide guidance, knowledge, to help small “mom and pop operations” to large manufacturers expand their business.   Read the Press Release

U.S. and Bolivia to Enhance Trade By Recognizing Each Other’s Alcohol Beverages

By Sherry Mulkins | February 27, 2020 |

Bolivia’s foreign minister, exchanged letters in Washington to start the process by U.S. to designate singani as a distinctive product of Bolivia and the South American country to designate bourbon whiskey and Tennessee whiskey as distinctive U.S. products. The U.S. Treasury is expected to soon publish a notice of proposed rulemaking in the Federal Register…

China Lowers Tax Rates On Food In Hopes Of Increasing Foreign Trade

By Sherry Mulkins | February 27, 2020 |

China has reduced the tax rates for multiple imported food items to promote foreign trade and fulfill local demand for products that are short in supply. Out of the total 859 imported items 80 were food and beverage related. The lower provisional tax rates for food products are expected to be a temporary measure enforced…

Anti-Corruption Chapter Included in USMCA

By Sherry Mulkins | February 27, 2020 |

Anti-coruption has been addressed in the trade agreement between the US, Mexico, and Canada. The United States-Mexico-Canada Agreement (USMCA) was signed into law by President Trump on January 29, 2020 includes the first ever chapter on corruption. This new chapter represents a commitment to support each nation’s efforts to combat bribery and corruption. It requires…

USDA Helps Hemp Producers With Insurance Programs

By Sherry Mulkins | February 27, 2020 |

The USDA has introduced two programs to help protect hemp producers from natural disasters. The first insurance program through Multi-Peril Crop Insurance (MPCI) provides coverage against loss of yield because of insurable causes of loss for hemp grown for fiber, grain, or Cannabidiol (CBD) oil. The Noninsured Crop Disaster Assistance Program (NAP) coverage protects against…