Archive for February 2020

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

WTC-KY eCommerce Webinar Series Helping KY Companies Sell to the World 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 Podcast Blog Podcasts…

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

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

Anti-Corruption Chapter Included in USMCA 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…

USDA Helps Hemp Producers With Insurance Programs 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…

Supply Chains Are At Risk Moving Into 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…

Kentucky Nation’s Leading Whiskey Exporter 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…

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

UPS & SOS Partner to Help Combat Coronavirus 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 Podcast Blog…