The latest industry happenings are just a screen-touch or mouse-click away. Check out Industry Buzz for personnel changes, new product announcements, company news and more. It’s just a small part of Travel Goods Showcase, your No. 1 info source for keeping up with all things travel goods.
On July 28, TGA joined over 160 other organizations in urging Congress to approve legislation that would extend the exclusions from punitive China tariffs for certain travel goods and other items. The exclusions are supposed to expire August 7, 2020.
China continues to lag behind the pace of imports from the U.S. needed to meet the terms of the two nations’ trade deal, amid a rapidly worsening diplomatic standoff that’s sparking global fears of a new Cold War. By the end of the first half of this year, China had bought about 23% of the total purchase target of more than $170 billion for goods in 2020, according to Bloomberg calculations based on Chinese Customs Administration data. READ MORE
SOUTH CHINA MORNING POST
As global trade is shaken by the coronavirus pandemic and U.S.-China trade war, Mexico has expressed its desire to lure investment from international companies based in Asia. This follows the implementation of the U.S.-Mexico-Canada trade agreement, known as USMCA, which took effect on July 1. It is an updated version of the nearly 25-year-old North American Free Trade Agreement (NAFTA), featuring tougher content rules for the automobile, steel and aluminum industries. READ MORE
THE NEW YORK TIMES
In the travel lull induced by the pandemic, many people are planning ambitious, once-in-a-lifetime trips. Optimists are targeting 2021. For others, their next big trip will be in 2022. READ MORE
HARVARD BUSINESS REVIEW
In a time of crisis, clarity of leadership is more important than ever. How do you balance years of experience against the need for a new leader to prove himself and learn first-hand – all while not risking the health of the business, the support of employees, and key business relationships? READ MORE
If You Stay at a Hotel During the Pandemic, a Robot May Deliver Wine to Your Door or Clean Your Room
Picture this: You use your hotel’s app on your phone to ask for extra towels. Your phone rings and you hear that your delivery is ready. Open the door and you find a 3-foot-tall bellhop has arrived with your linens. Were you picturing a robot? Because at certain Hilton and Marriott hotels across California, a robot is what you’d find. READ MORE
‘The Fun of Getting Dressed is Gone.’ As Consumers Adjust to the Pandemic, Retailers Feel the Strain
Sequestered at home since mid-March, many workers have adopted a new “work uniform” that better suits their new environment. The look involves fewer high-heeled shoes, handbags, suits, ties and coats – and more loungewear and athleisure. The dress code shift has naturally also led to a change in what consumers are buying. READ MORE
Consumers have been experimenting with ways to safely return to some semblance of normalcy. This is set to expedite the transition from indoor malls to outdoor shopping centers, a shift that was in the works even before COVID-19 began. “Open-air malls provide a safe space for people to congregate,” said Stenn Parton, chief retail officer at developer DJM, which manages open-air malls in Southern California and Texas. “The future of outdoor malls is very bright.” READ MORE
One of your greatest foes as an entrepreneur is misinformation. There is a lot of erroneous advice online, especially when it comes to social media marketing. Unfortunately, much of this guidance seems reasonable on paper. Without the right research or knowledge, you may end up unwittingly endangering the future of your business. Here are seven common social media marketing myths you need to watch out for. READ MORE
Happy Returns’ return bars are proving to do more than handle reverse logistics returns for ecommerce retailers. New data from the company shows that these return stations – which accept in-person returns of goods purchased online – are helping to drive in-store shopping. Retailers with return bars saw a 6.3% increase in store revenue and a 16.8% increase in online shopping. READ MORE
TRAVEL + LEISURE
Checking in on your loved ones during the pandemic is always a nice thing to do, and now the suggestion is coming from the Pope himself. According to the Catholic News Agency, Pope Francis is now encouraging younger people to find different (read: safe) ways to send hugs to elderly people who may feel isolated due to coronavirus lockdown measures. READ MORE
Missed last week’s issue? See which articles your colleagues read most.
- U.S. Airlines Face End of Business Travel as They Knew It (BLOOMBERG)
- Target, Walmart, CVS Partner to Reimagine the Retail Plastic Bag (PITTSBURGH POST-GAZETTE)
- U.S. Imposes Sanctions on 11 Chinese Companies Over Human Rights (THE NEW YORK TIMES)
- Epidemiologist Says Time Isn’t Right for Travel’s Restart (TRAVEL WEEKLY)
- 5 Tips for Managing an Underperformer – Remotely (HARVARD BUSINESS REVIEW)