What happens in China doesn’t stay in China. And for American supply chains, that is usually a good thing. American businesses have become dependent on low-cost goods coming from Chinese suppliers. But in a post-COVID world that may be entering the Second Cold War, reliance on China means that American businesses are held hostage by an autocratic regime that seems oblivious to the damage it is doing to its own economy, much less the global one.
Since the earliest days of COVID-19, China has...
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The United States–Mexico–Canada Agreement (USMCA) officially replaces the North American Free Trade Agreement (NAFTA) on July 1, 2020. This is almost two years after the tri-national negotiations wrapped up on September 30, 2018. In outlining USMCA’s “entry into force,” the United States Trade Representative (USTR) looked forward to a “more balanced, reciprocal...
The opening of BendPak’s Alabama distribution center (DC) is good news in a time when there is very little good news.
“The economic outlook globally is stressed and uncertain. BendPak investing in Mobile shows economic confidence is out there and the public gets some good economic news,” said Jimmy Lyons, director emeritus of the Alabama State Port Authority (ASPA).
BendPak, which manufactures and sells automotive lifts used in car dealerships and parking garages, has opened a 100,000-square-foot...
https://www.freightwaves.com/news/good-economic-news-bendpak-opens-alabama-distribution-center