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TOP NEWS
Inflation-Busting Travel Gear
TGA
Consumers are shopping for deals, and Travel Goods Magazine is showcasing gear that’s heavy on bang and light on bucks. We’re looking for a range of bags and accessories with one thing in common: exceptional value for the money. Submissions must be received by November 2, 2022 for inclusion. READ MORE
We Need You to Lobby/Contact Congress to Urge Congress to Approve GSP Renewal/Relief ASAP
TGA
We need you, your staff, your colleagues, your friends, and your family to urge Congress to approve the Generalized System of Preferences (GSP) program this year, or provide immediate relief. It only takes 2 minutes to send letters to your members of Congress. TGA is conducting a series of virtual (Zoom) lobbying meetings with Congressional offices on GSP. Please contact TGA’s Nate Herman if you are interested in participating in the virtual (Zoom) lobby meetings or would like to learn more. GSP has now been expired for 20 months. Short of renewal, TGA urges Congress to approve the GSP “Refund-Only” bill (H.R. 8906), which would immediately refund to TGA members the duties paid on U.S. travel goods imports from GSP countries from January 1, 2021 to August 30, 2022, to provide some immediate relief to our industry as we wait for Congress to conclude its negotiations over TGA renewal. GSP provides duty-free access to the U.S. market for travel goods from developing countries (Cambodia, Indonesia, Myanmar, the Philippines, Sri Lanka, Pakistan, Thailand, etc.). Today, GSP countries supply 20% of all U.S. travel goods imports.
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Renewed Threat of Rail Strike Has Supply Chain Managers Ramping Up Contingency Plans
CNBC
Logistics managers are dusting off their plans for a possible railroad strike in November that could wreak havoc on the supply chain and cost the U.S. economy up to $2 billion a day. READ MORE
Railroads Reject Sick Time Demands, Raising Chance of Strike
AP NEWS
The major freight railroads appear unwilling to give track maintenance workers much more than they received in the initial contract they rejected last week, increasing the chances of a strike. READ MORE
2022 Travel Inflation Statistics
BANKRATE
The holidays can bring up a lot of unusual expenses, from gifts and meals to the snowballing costs that come with travel. Amid inflation and rising interest, 40% of millennial holiday travelers say their budgets will be strained, along with 31% of Gen Xers, 28% of Gen Zers and 23% of Boomers. As the costs of flights, gas, hotels and more rise, no matter your age, you may be wondering how to make travel costs fit into your budget. Here’s how travel inflation may be impacting your holiday plans. READ MORE
Top Three Retail Industry Trends of 2022 and 2023
MS DYNAMICS WORLD
Early in the COVID pandemic, McKinsey predicted that the retail industry stood at the top of the list in terms of digital adoption by consumers. The online purchase of goods such as apparel grew by 40% while groceries shot up 100%. The virtual genie is out of the bottle and retail companies have begun investing in novel technologies to stay relevant and in competition. Before making any sort of investment, it is imperative for retailers to be aware of the industry trends of 2022 and 2023. Let’s look at three of the biggest retail industry trends today. READ MORE
Find Leadership Opportunities in Your Weaknesses
INC.
The composition of a SWOT — Strengths, Weaknesses, Opportunities, and Threats — analysis is a key and critical part of the strategic planning process for any organization. The best leaders are those that recognize the connection between each element of the SWOT and strategy formation — especially their weaknesses, which are often glossed over or outright avoided by less effective bosses. READ MORE
25 Breathtaking Places and Experiences for 2023
NATIONAL GEOGRAPHIC
Travel inspiration is everywhere you look. The question is where to go next. Here’s our annual list of superlative destinations for the year ahead — places filled with wonder, rewarding to travelers of all ages, and supportive of local communities and ecosystems. Reported by our global editors and framed by five categories — Community, Nature, Culture, Family, and Adventure — these 25 destinations for 2023 are under the radar, ahead of the curve, and ready for you to start exploring. READ MORE
13 Travel Essentials That Make Flying with a Carry-on Totally Doable
IN THE KNOW
It’s not always easy to pack entirely in a carry-on, especially if you’re traveling for a longer period of time or if you are like me and like to pack things “just in case.” Here are 13 things that will instantly make traveling with a carry-on easier. READ MORE
Holiday Travel Prices Are Climbing High. Here’s How to Save Money.
THE WASHINGTON POST
After blazing high prices and extraordinary levels of disruption failed to keep pandemic-weary travelers at home this summer, you should expect a similarly chaotic — and expensive — holiday travel season, industry analysts said. The same factors that drove up prices this summer remain in play as well: inflation, gas prices, labor shortages and surging demand. The coronavirus, too, remains a persistent threat. READ MORE
Is TikTok the Best Kept Secret for Hospitality and Travel Marketing?
HOSPITALITYNET
If you think TikTok is a corner of social media reserved solely for digitally-savvy teens with a penchant for dancing or lip-syncing in front of the camera — think again. While the platform initially made waves due to its virality amongst a younger demographic (here’s to you, Generation Z), TikTok has since evolved to not only become a worldwide phenomenon spanning across age groups but a critical marketing tool for both B2C and B2B brands. READ MORE
When Speaking Up, Timing Is Everything
HARVARD BUSINESS REVIEW
Decades of research have shown that when employees offer ideas or flag concerns, their voice is not always appreciated or valued by their superiors. The contribution may be seen as disruptive or a waste of time. Managers may even take it as an implicit criticism of themselves. Speaking up with work-related issues, therefore, is very much a risk-reward game. If you raise a valuable idea or concern that your boss is receptive to, she will recognize and reward you for it. But raise something deemed distracting or disruptive, and you may be penalized. READ MORE
TRENDING ARTICLES
Missed last week’s issue? See which articles your colleagues read most.
- Ocean Freight Rates Are Down, So Why Aren’t Prices on Shelves Dropping? (THE WASHINGTON POST)
- Goodbye Planes, Trains and Automobiles. Hello, Luxury Bus? (THE NEW YORK TIMES)
- Best Travel Gear: 40 Items for Your Travel Bag (+ The Bag!) (TWOSCOTSABROAD.COM)
- Trade Shows: 8 Tips for Getting the Most from Your Next Event (TWICE)
- After Two Years of Shipping Snarls, Things Are Starting to Turn Around (CNBC)