FTZ #176 Releases 2020 Annual Report
Despite the uncertainty throughout the global economy at the beginning of 2020, the year finished strong across many indicators for industrial and distribution sectors. One of the predominant impacts of the COVID-19 Pandemic has been an increase in lead times throughout the supply chain, and reduction of overall supply. Companies are seeing price increases and growing lead times to access product, while demand continues to grow. To mitigate this impact, companies are increasing inventory volumes. The foreign-trade zone can play an important role in deferring the tariff costs of those inventories and help stabilize supply chains.
Read the full report:
FTZ #176 2nd Annual Meeting
Foreign-Trade Zones will play a key role in the future of our complex global trade environment. Learn about FTZ #176, and hear a keynote presentation from Bob Hess, a founding shareholder in the Site Selectors Guild about the competitiveness of the State of Illinois for foreign direct investment.
Who should attend?
- Manufacturing and distribution companies that are engaged in international trade
- Economic development organizations that want to learn about risks and opportunities in foreign direct investment
October 6th, 2020
11:00 – 12:30 PM
Virtual Event
Click Here to Register
2019 FTZ #176 Annual Meeting
Attend the first annual FTZ #176 annual meeting at the Greater Rockford Airport Authority on September 17th. Learn about the Foreign-Trade Zone program and how it can help you reduce cost and mitigate risk for your global supply chain.
September 17, 2019
4:00 – 6:30pm
Greater Rockford Airport Authority
60 Airport Dr., Rockford IL 61109
Agenda
3:30 Registration and networking
4:00 Welcome and introductions from event sponsor, Jenni O’Connell, Financial Advisor, Merrill Lynch
4:10 Chicago Rockford International Airport (RFD) update, Mike Dunn, Executive Director of the Greater Rockford Airport Authority
4:20 Foreign Trade Zone Program Overview, Carrie Zethmayr, FTZ Administrator under contract to GRAA
4:40 How-To Operate an FTZ Presentation, Lisa Waller, Vice President, CHB, BDG International
5:00 Networking reception
Thank you to our event sponsors, BDG International, Merrill Lynch and Zethmayr!
