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October 31, 2019 Facebook  Instagram  Twitter  LinkedIn
TGA Industry News Briefs
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TOP NEWS

Trick…or Treat?

TGA

There is no online substitute for the childhood adventure that is Halloween – you’d be foolish to even try. So don’t trick yourself into believing an online product rollout is the same as real life. Retailers deserve the treat of hands-on experience with your new travel items, and they’ll be waiting for you at The Travel Goods Show. Contact Cathy Trecartin – cat@travel-goods.org, 877-842-1938, x-702 – and give yourself the advantage of real-world contact with the world’s most influential travel goods retailers.

TGA Victory – Indonesia/Thailand Retain GSP Benefits

TGA

On October 25, President Trump announced the results of reviews of Generalized System of Preferences (GSP) benefits for Thailand, Indonesia, Ukraine, and other developing countries. While President Trump removed some GSP benefits for Thailand for labor rights concerns, President Trump did NOT remove any GSP benefits for U.S. travel goods imports from Thailand. Further, the announcement does NOT include any mention of Indonesia, which means that GSP benefits remain in place for U.S. travel goods imports from Indonesia. TGA fought hard to retain GSP benefits for U.S. imports of travel goods from both Thailand and Indonesia. Thanks to a five-year lobbying campaign by TGA and others, U.S. imports of travel goods from most developing countries – including Cambodia, Thailand, Indonesia, Burma (Myanmar), Pakistan, Sri Lanka, the Philippines – can now enter the U.S. duty-free under the GSP program. However, President Trump launched an eligibility review of GSP countries in 2018. As a result of the review, President Trump withdrew GSP benefits from India, a major travel goods supplier, in June 2019 and from Turkey in May 2019.

November 13 TGA Member-Only Webinar: Mitigating Tariffs – The Miscellaneous Tariff Bill (MTB) Process

TGA

Through the Miscellaneous Tariff Bill (MTB) process, Congress allows importers to petition for the temporary reduction or elimination of tariffs on U.S. imports of certain products as long as there is no U.S. production of the product. The current process has just started, with petitions due by December 10. The process ends with Congress voting on a final package of MTB provisions in fall 2020, with the temporary tariff reductions going into effect January 1, 2021 for a period of three years. While that might seem a far way off, TGA is working with companies NOW to participate in the MTB process; the deadline to submit petitions is December 10. RSVP to TGA’s Nate Herman to join TGA’s November 13 member-only webinar on how you can use the MTB process to mitigate tariffs.

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Holiday Shoppers Plan to Spend 4% More This Year

NATIONAL RETAIL FEDERATION

Consumers say they will spend an average of $1,047.83 this holiday season, up 4% from the $1,007.24 they said they would spend last year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Shoppers between the ages of 35 and 44 plan to spend the most at $1,158.63. READ MORE

Nielsen: These Seven Tech Trends Will Impact Retail in 2020

CHAIN STORE AGE

Nielsen has released seven predictions for how technology will affect retailers and their CPG partners in 2020 and the decade beyond. The data analytics company anticipates that 2020 will represent an inflection point for trust and transparency, 5G, and time to purchase in the U.S. retail and consumer landscape. READ MORE


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Remote Year Founder Talks About Taking Corp Travel to a Whole New Level

SKIFT

As the idea of mixing business and leisure, so-called bleisure, gets more popular, more employers are beginning to see the benefits. In fact, bleisure has become top of mind for startups in corporate travel, as employees add extra days onto business trips, reserving that time to put down the work and explore a new destination. This movement has coincided with another important trend: working remotely. READ MORE

7 Benefits of Social Media Marketing for New Companies

EDGY

For many people, social media platforms have become a source of entertainment, socialization, and news consumption. In recent times, it has evolved to become one of the most vital marketing channels for businesses, and that’s not surprising. About 3.2 billion people across the world use social media – or 42% of the world’s population. Here are seven other reasons to invest in social media marketing if you’re a startup owner. READ MORE

6 Leadership Books to Guide You Toward Better Decisions in 2020

INC.

In today's business world, growth is the name of the game. With more companies than ever exploding in growth overnight, business leaders are forced to make critical decisions more often and with less time to prepare. I've coached many business leaders in high-growth positions before, and their success can come down to just a handful of make-or-break decisions. In those situations, it pays to be prepared. If you want to be fully equipped for whatever your next leadership moment might be, hit the books now. Here is a list of helpful reads. READ MORE

Which Airlines Offer the Most Generous Carry-on Policies?

SIMPLE FLYING

These days passengers are making the most of carry-on luggage allowances. But some are taking it too far, resulting in airlines manufacturing solutions to cater for excess carry-ons. But when airlines are so generous with their allowance, are passengers really to blame? These are the top five U.S.-based airlines with the most generous policies. READ MORE

Thanksgiving Getaway: Going Someplace Other Than Grandmother’s House

THE NEW YORK TIMES

Although there’s no place like home for the holidays, as the song goes, there’s also no place like a half-empty beach resort in shoulder season or a European city right before Christmas. Here are five ideas for bucking tradition, ponying up for plane tickets and taking advantage of a short workweek to plan an unforgettable destination Thanksgiving – in many cases, without sacrificing the turkey, stuffing or gravy. READ MORE