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TOP NEWS
It’s Showtime!
TGA
There’s only one place to be February 27-March 1, 2022: The Las Vegas Convention Center, North Hall 1, for The 74th Annual Travel Goods Show. Taking place alongside ASD Market Week, it will bring in brand new buyers looking for the latest and greatest travel products and help draw buyers from multiple categories — everything from cruise lines and casinos to superstores and specialty retailers. TGA and ASD will share marketing resources, offer access to buyers for both events, and provide you with the same level of sophistication and innovation that you are used to at a Travel Goods Show. Sign up for your booth space here before October 1 and get a 50% discount on your TGA membership plus discounted booth space — and reap the benefits of a bigger and better show. Questions? Contact Cathy Trecartin, cat@travel-goods.org, 877-842-1938 x-702.
A Grinchy Heart, a Generous Hand, a Gorgeous Happening
TGA/TRAVEL GOODS MAGAZINE
The #ShippingCrisis continues to wreak havoc and may just be a Grinch who steals the holiday season. Nate Herman lays out what must be done and what TGA is already doing in Capital Beat. In A World of Good, these travel goods companies wear their hearts on their sleeves. And if you’re looking for bucket-list adventures, look no further than these TravelBits.
TGA Urges Congress to Approve Bipartisan Infrastructure Legislation and Continues to Push for Action to End the Current Shipping Crisis
TGA
On September 21, TGA joined 110 organizations in urging the House to approve the bipartisan infrastructure package (#InfrastructureNow), which will make critical long-term investments in the nation’s port and transportation infrastructure. The Senate has already approved the legislation. While these long-term investments are critical to support the economy of tomorrow, TGA continues to push President Biden and Congress to act now to end today’s #ShippingCrisis and provide much needed relief to the industry. We need you and your colleagues, your employees, your family, everyone, to write President Biden and your members of Congress to urge them to act now. The customizable letter only takes a few minutes to send.
TGA Urges Congress to Renew GSP Today
TGA
On September 21, TGA joined dozens of TGA members and hundreds of other organizations in urging Congress to renew the Generalized System of Preferences (GSP) program this fall. GSP expired on December 31, 2020, meaning that U.S. travel goods imports from a wide range of developing countries, including Thailand, Cambodia, Burma (Myanmar), Indonesia, Sri Lanka, the Philippines, and Pakistan, have paid full duties since January 1, 2021. U.S. Customs and Border Protection (CBP) has issued instructions on how importers can retain the right to collect refunds of duties paid if GSP is retroactively renewed. In 2020, U.S. travel goods imports from GSP countries increased 8.4%. GSP countries supply 16.3% of all U.S. travel goods imports today.
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U.S. Eases Restrictions on International Travelers
BUSINESS TRAVELER
The U.S. has announced that it is easing restrictions on inbound international travel for visitors who can provide proof of vaccination. The new rules are set to go into effect in November, although no exact date has yet been announced. READ MORE
Ports in California Have Never Been This Busy, and It’s Adding to Shortages of Everything from Furniture to Electronics
INSIDER
A record-breaking number of cargo ships are off the coast of California, waiting to get into the ports of Los Angeles and Long Beach. READ MORE
Why Container Ships Can’t Sail Around the California Ports Bottleneck
THE WALL STREET JOURNAL
There appears to be no sailing around the breathtaking backup of container ships off the jammed ports of Los Angeles and Long Beach. READ MORE
High-stakes Christmas Looms as Surging Toy Demand Meets Supply Chain Snarls
REUTERS
With demand for toys at an all-time high, U.S. suppliers and retailers are racing to outrun severe air, sea and land shipping snarls so Santa has a mountain of dolls, scooters and video game consoles to deliver at Christmas. READ MORE
3 Trends Shaping Post-Pandemic Retail
TOTAL RETAIL
As we witnessed empty storefronts mounting — along with boxes piling up on porches — it became clear last year that the pandemic was having a massive and rapid impact on the retail landscape. You weren’t imagining or exaggerating those boarded-up storefronts. In 2020 alone, 30 major U.S. retailers filed for bankruptcy, closing more than 9,500 stores. READ MORE
The Vanishing Allure of Doing Business in China
THE ECONOMIST
It is nothing new for foreign firms to endure shakedowns by the Chinese Communist Party. As far back as revolutionary times, Chairman Mao’s victorious troops did not directly confiscate foreign-owned assets as their Bolshevik forerunners had done in Russia. Instead, they wore them down with higher taxes and fines so big that eventually companies gave away their assets for nothing. In one memorable case dug up by Aron Shai, an Israeli academic, a British industrialist in 1954 professed to be handing over everything to the Communists from “large blocks of godowns (warehouses) down to pencils and paper.” And yet, he complained, Comrade Ho, his opposite number, continued to haggle “like a pre-liberation shopkeeper.” READ MORE
How to Intervene When a Manager is Gaslighting Their Employees
HARVARD BUSINESS REVIEW
“We missed you at the leadership team meeting,” our executive vice president messaged me. “Your manager shared an excellent proposal. He said you weren’t available to present. Look forward to connecting soon.” READ MORE
Holiday Sales Will Hit Up to $1.3 Trillion This Year: Deloitte
MORNING BREW
It’s mid-September, which means Halloween is right around the (retail) corner, which means it’s practically Christmas. And time to ring in the holiday forecasts. READ MORE
TRENDING ARTICLES
Missed last week’s issue? See which articles your colleagues read most.
- TGA Supports Bipartisan Shipping Reform Legislation (TGA)
- What’s New for 2022? (TGA)
- U.S. Airlines Warn of Recovery Slowdown (BUSINESS TRAVELER)
- A Perfect Storm for Container Shipping (THE ECONOMIST)
- San Pedro Bay Sets Four New Records in One Day as More Vessels Arrive (THE MARITIME-EXECUTIVE)