In The Economist’s June 2024 Global Outlook video, head of global forecasting and economics, Tom Rafferty, and global principal economist, Steven Leslie, discuss the U.S. economic outlook.
Category: American Exporters
Forum on Global Trade and the Digital Economy 
The U.S. Chamber of Commerce hosted its 2nd annual Global Forum on May 10 and 11, 2022. The forum focused on how government and business leaders can address global challenges
Myron Brilliant, executive vice president and head of international affairs for the U.S. Chamber, set the stage for the day’s programming. He summarized three major issues affecting the interconnected global economy, as well as some significant opportunities American businesses have to impact the global economy.
Easing Supply Chain Bottlenecks for a Sustainable Future
World Trade Organization (WTO) members and stakeholders from every part of the supply chain shared perspectives on the underlying causes and trajectory of continued supply chain disruptions. They also discussed the resources, interventions and innovations needed to ease crippling disruptions, logjams and price hikes.
U.S. Commerce Secretary Remarks During World Trade Week 2021
AAPEX Launches Blog to Keep Attendees Ahead of the Curve
AAPEX attendees can now turn to the event’s new blog for insights from industry experts on how the latest vehicle technologies, trends and issues are impacting the global automotive aftermarket. AAPEX represents the $740 billion global automotive aftermarket industry and will take place Tuesday, Oct. 30 through Thursday, Nov. 1, at the Sands Expo in Las Vegas.
In the opening AAPEX blogs, Bill Hanvey, president and CEO, Auto Care Association, covers “The Top 4 Opportunities That Come with Access to Vehicle Data,” and how the vast majority of motorists have no idea that their personal information is being collected and aggregated by their own vehicles, then sold to the highest bidder.
Bill Long, president and chief operating officer, Automotive Aftermarket Suppliers Association (AASA), addresses “Why We Are Positive About the Aftermarket … and AAPEX,” with a look at near-term trends, including changes in the distribution model such as e-tailing and omni-channels, and how autonomy – whenever it arrives in force – will mean more miles driven as vehicle usage becomes more available to new categories of motorists.
The AAPEX Blog is designed to keep attendees ahead of the curve year-round as the automotive aftermarket faces near-constant change that presents both opportunities for growth, as well as long-term shifts and threats.
To read the weekly AAPEX Blog, visit the AAPEX website, www.aapexshow.com.
AAPEX 2018 will feature more than 2,500 exhibiting companies displaying the latest products, services and technologies. More than 47,000 targeted buyers are expected to attend and approximately 162,000 automotive aftermarket professionals from 135 countries are projected to be in Las Vegas during AAPEX 2018.
AAPEX is a trade-only event and is not open to the general public.
AAPEX is co-owned by the Auto Care Association and the Automotive Aftermarket Suppliers Association (AASA), the light vehicle aftermarket division of the Motor & Equipment Manufacturers Association (MEMA). For more information, visit www.aapexshow.com or e-mail: info@aapexshow.com. On social media, follow AAPEX at #AAPEX18.
SHOT Show Celebrated 40th Anniversary in 2018
The 40th Shooting, Hunting and Outdoor Trade ShowSM(SHOT Show®), owned and operated by the National Shooting Sports Foundation® (NSSF®), celebrated the milestone with more events than ever before. Strong attendance, upbeat buyers and sellers, and a series of packed special events that collectively made up “SHOT Week” resulted in another top-rated SHOT Show.
SHOT Show is the largest trade show of its kind in the world, attracting attendees from more than 100 countries. “From our humble beginnings in St. Louis in 1979, to now being one of the leading trade shows in the world, we’ve come a long way in 40 years,” said Chris Dolnack, NSSF Senior Vice President and Chief Marketing Officer.
The show spanned Jan. 23-26 at the Sands Expo Center in Las Vegas. More than 60,000 industry professionals packed the aisles over four days eager to view new, innovative products used for target shooting, hunting, outdoor recreation and law enforcement purposes.
“We had good, reputable media coverage, both print writers and video, and had more time to discuss products with buyers and media,” said JJ Reich of Vista Outdoor. “It was a great show all together, with lots of traffic.”
Smith & Wesson’s Chris Bovat stated, “Everything went smoothly, from set up and arrival of all of our gear, to the actual running of the booth. 2018 was great for us.”
“It was a hugely successful year for us … we’ve done more business at the 2018 show than ever before,” Patty Cueller at Aguila Ammunition reported.
The SHOT Show has grown exponentially since it started in 1979, in St. Louis. That inaugural show attracted 5,600 attendees and had 290 exhibitors covering 51,153 net square feet of exhibit space. Compare that to the 2018 show with an attendance of more than 60,000 and attracting 1,660 exhibiting companies occupying more than 645,000 net square feet of space, completing filling the Sands Expo. Taking the new, two-day Suppliers Showcase into account, more than 2,100 companies exhibited at SHOT Show this year.
NSSF introduced a new, streamlined State of the Industry format that was well received. Big moments at the reception were the presentation of the NSSF Ken Sedlecky Lifetime Achievement Award to legendary outdoor communicator Tom Gresham and NSSF President and CEO Steve Sanetti sharing a series of priorities that industry will focus on to help protect its future and that of its customers.
There were thousands of products for buyers to see on the show floor, encompassing firearms, ammunition, accessories, optics, knives, gun safes, apparel and law enforcement equipment, among other categories. Nearly 550 new products from 367 companies were on display in the show’s New Product Center, sponsored by U.S. Concealed Carry Association. In addition to the more than 1,660 exhibiting companies on the main show floors, the NEXT 2.0 Pavilion provided 100 first-time vendors from the show’s extensive waiting list with welcome visibility and potential new customers.
The show drew excellent reviews.
“Our company has only been up and running since October, so I don’t think there has ever been an actual brand-launch here at SHOT Show, so that may be a first,” said Phil Davy at VIKTØS.
“All of our expectations were met, and as always we had a great show, doing lots of business. We’re looking forward to next year, for sure,” said Winchester Ammunition’s Nathan Robinson.
SHOT Show’s official opening on Tuesday was preceded by many events.
The kickoff event was the 4th Annual NSSF/HAVA Golf Classic on Sunday in support of Honored American Veterans Afield, which works to aid the healing process of military veterans through hunting and other shooting sports activities. More than $200,000 has been raised in support of this effort since the golf outing began in 2015.
Monday saw some of the SHOT Show’s most popular pre-show events — SHOT Show University, an education forum for retailers; Industry Day at the Range, an opportunity for media and buyers to experience hands-on testing of products; the Executive Management Seminar, providing business information to executives and rising managers; and the expanded two-day Supplier Showcase, featuring more than 460 third-party OEM suppliers of plastics, metals, tools, fabrics and software that were able to reach a crowd of more than 4,000 designers, engineers, purchasing agents and others in the manufacturing sector.
In addition to title sponsors Ram Trucks, U.S. Concealed Carry Association and Daniel Defense, SHOT Show supporters included Aguila Ammunition, Lucas Oil, Freedom Munitions, GunBroker.com, Mossy Oak, Carhartt, SIG Sauer, Smith & Wesson, VIKTØS, Vista Outdoor and Winchester Ammunition.
Preparations have already begun for next year’s 41st SHOT Show, which will return to the Sands Expo on January 22-25, 2019.
More details are available online.
Enterprise Florida Leads Small Businesses to 2018 Farnborough International Airshow
Enterprise Florida Inc. (EFI), the principal economic development organization for the State of Florida, led a delegation of 12 Florida-based aviation and aerospace businesses, partners and organizations to the 2018 Farnborough International Airshow from July 16-20.
The international business development and trade mission provided Florida with a unique opportunity to demonstrate its competitive advantages in the aviation, aerospace and defense sectors. Over two days of meetings, EFI leadership talked with nearly 40 aviation and aerospace industry leaders about what makes Florida a leading business location.
“Events like the Farnborough Airshow allow us not only to help small and medium-sized Florida businesses expand their international footprint, but also to meet with leadership and decision-makers for some of the world’s leading aviation and aerospace companies.” said Tim Vanderhoof, senior vice president of business development for EFI. “The Florida Pavilion demonstrates the state’s leadership in the industry in a way no other state can match.”
In addition to the business development meetings, Enterprise Florida hosted the Florida Pavilion located in Hall 3-190, showcasing 12 Florida-based aviation and aerospace companies and economic development partner organizations marketing their products and services to a top-level international audience. The pavilion allowed small and mid-sized Florida companies to cost-effectively exhibit at the show.
The Florida companies and organizations exhibiting in the Florida Pavilion included:
- Air Quality Aviation, Inc.– Miami Lakes
- Associated Aircraft Manufacturing & Sales, Inc.– Fort Lauderdale
- Bradenton Area Economic Development Corporation– Bradenton
- Charlotte County Economic Development Office– Port Charlotte
- Economic Development Commission of Florida’s Space Coast– Rockledge
- Embry-Riddle Aeronautical University– Daytona Beach
- Florida Power & Light Co.– Juno Beach
- ITI Engineering– Winter Springs
- Relli Technology, Inc.– Boca Raton
- Space Florida– Merritt Island
- STS Aviation Group– Jensen Beach
- Team Volusia Economic Development Corporation– Daytona Beach
Florida is home to more than 2,200 aerospace and aviation companies employing more than 93,800 skilled workers. Florida is also a major hub for flight training; a leader in maintenance repair and overhaul (MRO) operations; and home to leading manufacturers of all types of aircraft and components. Florida’s manufacturing sector has more than 20,290 companies that employ more than 354,000 Floridians.
Last year, leading Florida-origin exports reached $6.3 billion in civilian aircraft, engines and parts. Another $678 million in turbojets, turbo propellers and parts was exported to countries around the globe.
EFI maintains an extensive schedule of overseas trade missions and exhibitions worldwide. Last year, merchandise trade valued at $147.7 billion flowed through Florida’s ports with Florida-origin exports reaching $55 billion. Florida exported more goods than 190 countries in 2017, making the state one of the world’s leaders in international trade.
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Enterprise Florida, Inc. (EFI) is a partnership between Florida’s businesses and government leaders and is the principal economic development organization for Florida. EFI facilitates job growth through recruitment and retention, international trade and exporting, promotion of sporting events, and capital funding programs to assist small and minority businesses. EFI launched “Florida | The Future is Here” to promote the state as the nation’s premier business destination.
Earlybird Discount Offered for Annual EXIM Bank Conference
The EXIM Bank’s 2018 Annual Conference is on tap for April 19-20.
The event presents a unique opportunity for American small business exporters to grow their international sales. During the conference, you will learn how to:
- Find new buyers
- Reduce nonpayment risk
- Extend credit terms to customers
- Obtain loans for you and your buyers
- Finance large projects
Other benefits include:
- Hearing the brightest minds in business, economic policy, media, and government discuss their thoughts on the U.S. and world economies and the changing landscape of the global marketplace
- Participating in a variety of sessions on overcoming trade challenges and identifying opportunities
- Networking at a reception and session breaks with more than 1,100 exporters and representatives of financial institutions, foreign trade partners, international buyers, and government officials.
Register by Friday, March 16 and save 15% off the regular registration fee.
The cost to small business participants is $315/person ($370/person after Friday, March 16, 2018). Small business is defined as having 500 or fewer employees. Seminars and meals are included.
To learn more and register, go to: EXIM 2018 Annual Conference.
Luster Products: Leader in African American Hair Care Products Celebrates 6oth Anniversary
Luster Products, Inc. , the leading African-American owned manufacturer of premium personal care products, is celebrating its 6oth anniversary this year. Luster Products’ brands include You Be-Natural, Pink Brand, S-Curl, PCJ, and YOU. The company’s product lines serve men, women, children and the stylist market — worldwide.
Today, Luster Products, Inc. employs more than 400 people worldwide. Luster’s products are sold nationally and internationally through a dynamic sales force and numerous retail outlets. The company’s main facility – corporate offices, plant and warehouse – is situated on 17 acres in Chicago’s Stockyard Industrial Park. An aerosol production plant is located in suburban Blue Island, Illinois. The company also has a branch office in London.
The phenomenal growth and success of Luster Products, Inc. has been attributed to the business savvy and commitment of the company’s founder and first president, the late Fred Luster, Sr., a staff of hardworking, loyal employees, and a family spirit that permeates the entire organization.
World of Concrete Trade Show Hits Nine-Year Attendance High
World of Concrete 2018 exceeded expectations across the board, and concluded the 43rd edition as the largest World of Concrete in nine years. This signature event for the concrete & masonry industries drew 58,222 registered professionals, and featured more than 1,567 companies (including 302 brand new companies) exhibiting across more than 747,411 net square feet of exhibit space.
“This has been an incredible year – the success of World of Concrete 2018 helps solidify WOC as the only annual event for concrete & masonry professionals,” said Jackie James, Group Director, World of Concrete. “Having our largest event in nine years proves that the construction sector is going strong worldwide. Participants, both domestic and international, experienced the very best the industry has to offer in terms of suppliers, products, services and education, and we look forward to an even larger event at WOC 2019.”
World of Concrete established the Bob Weatherton Award to honor his contributions to the concrete industry. The award includes a $2,500 scholarship and a $200 gift card which was presented at the CIM National Board Meeting at WOC 2018. This year’s recipient of the Weatherton Award was Damien Bonis, who attends California State University – Chico. His presentation was “A Concrete Advantage: How the CIM Program Fosters Unique Research and Internship Opportunities.”
Concrete Industry Management (CIM) is a business program that has been developed specifically for the concrete industry to provide students with a four-year Bachelor of Science degree in Concrete Industry Management. The program gives students entering the concrete work force industry experience early in their careers. In addition, CIM held its 13th annual unreserved silent and live auctions at World of Concrete. The silent and live auctions raised gross revenues of just over $1.1 million, setting a record for funds raised at WOC, and bringing a total of over $7 million to the CIM program in the past 13 years. More information on the CIM Program can be found at concretedegree.com
Despite a brief government shutdown, International Delegation Leaders and Delegates from across the globe made it to WOC 2018 to do business at this premier global event, including a large delegation from India organized by the American Embassy in New Delhi. Mr. Sanjay Mathur, CEO of UltraTech Cement Ltd. and Mr. Ramesh Joshi, Sr. VP, visited the event along with others from the delegation. WOC once again partnered with the U.S. Commercial Service to support U.S. exhibitors interested in expanding their international sales and to recruit international attendees to the show.
The International Buyer Program at World of Concrete featured Construction Market and Industry Specialists from the U.S. Commercial Service. A special Export Achievement Certificate was presented to Verti-Crete LLC (precast concrete wall systems mfg.) by the U.S. Commercial Service for their contribution and recent success in international trade at WOC. Modelco, from Algeria, and Verti-Crete signed a long-term contract (customer/supplier), with a strategic partnership vision for the Algerian market. The Export Achievement Certificate (EAC) was created in 2001 to recognize small and medium-sized U.S. enterprises that have successfully entered the international marketplace for the first time or that have successfully entered a new market. Mike Sharp and Brent Baker from Verti-Crete accepted the award.
World of Concrete 2019 will be held January 22-25; Seminars 21-25, at the Las Vegas Convention Center.