Inside World Trade

Inside World Trade: Tools of the Trade

 

This issue features our annual WT100 Logistics Directory-our very popular directory of logistics providers and related companies that traders rely on to support global supply chains. WT100 Logistics Directory is more than a listing of companies; it’s a listing of potential partners.

While this may seem like hyperbole, over the past few years the importance of relationships and collaboration has been demonstrated time and again. I guess it would be the one definite upside to the tough business climate we’ve all endured.

Here at WT100, we’ve been working closer with our partners as well. In particular, we have teamed up with the Export Yellow Pages to launch the Trade Assistance Directory online. This will be a great tool for logistics providers and traders alike, especially since exports are getting more attention these days.

As you may recall, President Obama kicked off the National Export Initiative in February with a goal to double U.S. exports over the next five years. According to the president, 95 percent of the world’s customers and fastest-growing markets are beyond our borders, and that’s significant.

Last month, Obama signed the Manufacturing Enhancement Act of 2010, which will lower tariffs on materials used by U.S. manufacturers and also urged Congress to approve $5 billion in additional clean-energy tax credits. The president said the moves would enhance the National Export Initiative. A number of sectors will benefit from the legislation, including auto, chemical, medical device, and sporting goods manufacturers.

U.S. exports are being aided by growth in emerging economies, particularly those in Asia, Latin America, and Africa too.

For example, Caterpillar Inc., the world’s largest maker of earthmoving equipment, is among those American companies that have benefited from growth in emerging economies. Its sales to Latin America rose 116 percent to $621 million in the second quarter from a year earlier, the company announced in July.

Meanwhile, another partnership that we’re excited about involves UPS and the company’s Growth Through Global Trade Award-a national award to recognize U.S. small- and medium-sized businesses that are effectively exporting to global markets.

The award is designed for companies that are already exporting to international markets. Anyone can nominate a deserving business for the award. The nomination process includes a series of brief questions about the business, as well as a 200-word essay explaining how the business is excelling in the global marketplace. The winner will be announced in January 2011.

Simultaneously, UPS has launched a series of export seminars for SMEs who need help breaking into the export game. The seminars will be facilitated by Jim Beach and Chris Hanks, Atlanta-based small business experts and founders of TheEntrepreneurSchool.com.

Seminars will be offered free of charge and will take place in Atlanta, San Jose, Dallas, Chicago, Cleveland and Providence, Rhode Island.

For more information, check it out at http://international.ups.com/globaltradeaward/index.html.

It’s time to get this (trade) party started.



Enjoy the read.



Lara L. Sowinski, Editor

laras@worldtradewt100.com
 

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