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More businesses seeking guidance from World Trade Center Kentucky during government shutdown

LEXINGTON, Ky. — World Trade Center Kentucky (WTC-KY) is seeing more businesses concerned about their future more than ever.

With an already chaotic trade policy environment, now businesses are trying to navigate through the hurdles and confusion that the government shutdown brings. This added piece of uncertainty has made many businesses across the region turn to the trade experts at WTC-KY.

“In 2018, the World Trade Center Kentucky fielded numerous calls from clients regarding trade policy measures,” said Darren Srebnick, WTC-KY’s chief trade officer.  “Companies are finding it difficult to navigate this new environment and are not confident in developing long-term plans. On top of this chaotic trade policy environment, we are in the middle of a government shutdown. Now more than ever, it is critical that companies arm themselves with every tool they can imagine.The first step is education.”

Companies like Preferred Popcorn, LLC in Indiana attend Global Executive Forums led by WTC-KY to stay in the loop and learn as much as they can to stay ahead of changes in trade policy.

“With our company exporting 30 to 40 percent of our product to over 70 different countries from Indiana alone, it is important to understand how our business may be impacted,” said Brian Churchill, Indiana Manager. “Right now the major concern is supplying popcorn to our movie theaters across Europe. We are shipping far less than last year due to the 25 percent tariff increase.”

The next Global Executive Forum: Trade Policy-Making Sense of the Chaos is January 24, 2019 at the Olmsted in Louisville, Ky. Amgad Shehata, senior vice president, UPS, will discuss trade policy measures and what recent changes mean for businesses and the impact they may have for the Commonwealth. He will be joined by a group of panelists to expand further on these important topics. Registration is still open but space is limited.

To sign up click here.

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