Weekly Wrap Up For October 23rd, 2020

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Steve Renna, Chief Banking Officer for the EXIM Bank (EXIM.GOV) discusses four powerful financing tools that work in concert with your bank and the buyer’s bank that are available to businesses looking to export, including America’s manufacturers.

Manufacturing during COVIDCOVID Pandemic Speeds Up Changes in Manufacturing

When the Covid-19 pandemic began earlier this year, its impact was felt in many different ways. In China, where the first cases were reported, cities and towns were placed under strict lockdown measures in order to contain the outbreak. This meant that many Chinese factories also shut down, which had a negative impact on manufacturing all over the world. (Read More)

nikola badgerGM To Continue Discussing Nikola Deal After Latest Controversies

As the Tesla juggernaut continues to dominate the electric vehicle (EV) market, a number of other manufacturers are looking for ways to jump into the rapidly growing EV market. In an effort to quickly make up for lost time, major auto manufacturers are pursuing partnerships with smaller EV start-ups. One partnership in particular, between GM and Nikola, remains questionable after a recent string of controversies involving Nikola. (Read More)

Made In The USAAmericans Say They Prefer Products Made In The USA and Will Pay More For Them

Americans say they prefer products that are Made in the USA and they are willing to pay up to 20% more for them. The Reshoring Institute recently surveyed nearly 500 Americans across the country and asked if they prefer to buy products that are labeled “Made in the USA.” Would they be willing to pay more for these items? Nearly 70% of the respondents said they prefer American-made products. Slightly more than 83% said they would pay up to 20% more for products made domestically. (Read More)

Consumer demand for transparency is getting stronger every day and manufacturers are being held accountable in ways they never had to.

WAM podcast co-host Linda Rigano speaks with Judy Moon, a fearless champion for greater transparency in the fashion industry. Judy is VP of Sales at EVRYTHNG, a market-leading Internet of Things SaaS platform for consumer products, trusted by global brands to transform their businesses with product digitization and dataintelligence.

EVRYTHNG is unique in its market – leveraging data intelligence and machine learning to give customers the ability to see and learn from each product’s journey. This gives better visibility and control of their customer’s supply chain, and brand protection from counterfeiting and gray market/divergent activities. It also empowers the manufacturer to control its products and inventory and be prepared to deal with potential crisis like product recalls.

Listeners can hear Judy’s amazing personal and professional journey. She is no stranger to hard work. Judy’s family immigrated to the US from South Korea when she was 7 years old. Her parents instilled key values including education, responsibility and the importance of doing the right thing and “ always keeping your side of the street clean”. Judy started out in consumer marketing for Time, Inc. where she helped to expand the Sports Illustrated franchise, launch Entertainment Weekly and develop an education program for TIME. She then reinvented herself and became a successful film producer noted for her films My Architect and Conversations with Gregory Peck.

After a ten year break to raise her children, Judy again reinvented herself and started her career in technology by working for several startups. . In 2018, she found her home at EVRYTHNG which addresses key issues Judy cares about – transparency, traceability, authenticity and digitization of a product’s journey. Judy has a special interest in the fashion industry because of the important role that EVRYTHNG’s technology can play in helping to reduce environmental waste and bring more transparency to consumers, but also focuses on other markets including seafood, spirits, beauty and CPG.