Global Florida Webinar: Economic Development and Supply Chain Innovation
Florida Chamber Global Florida Webinar
Economic Development and Supply Chain Innovation
Tuesday, March 6, 2018
3:00 – 4:00 p.m.
Trade, Transportation, Logistics and Distribution are big businesses in Florida. Since 2010, the state has made strategic and transformative investments in our logistics and transportation infrastructure – a key recommendation of the Florida Chamber Foundation’s Trade and Logistics Study 1.0.
These investments have positioned Florida as a global hub for trade and investment. But we face competition and the industry is changing.
New technologies are presenting promising opportunities that could transform the industry. Technologies like blockchain allow for more transparency, security and efficiency across the entire supply chain, and deliver a higher value to consumers. With significant players beginning to implement blockchain technologies, how can Florida continue to leverage its infrastructure assets and adapt to continue attracting investment as well as grow international trade?
Join the Florida Chamber of Commerce for our next Global Florida webinar on Tuesday, March 6 at 3:00 p.m. The discussion will focus on Florida’s economic development story. We will hear from Michael G. Morgan, Partner at McDermott Will & Emery, who will discuss blockchain technology and the future of logistics and supply chain.
Drive the Discussion
Do you have specific information you would like covered during this webinar? Send your suggestions to Dan Tapia at firstname.lastname@example.org.
Get connected to global opportunities by becoming a member of the Florida Chamber’s International Program. Contact me at email@example.com or (850) 521-1206.
Special Thanks to Our Partners
Florida is the 3rd Largest Exporter of High-Tech Goods in the U.S.
When people think of Florida-based exports, they tend to think of agricultural products like fruits, sugar, vegetables and other commodities. However, 92 percent of Florida-origin exports are manufactured goods, which create high-skill, high-paying jobs for Floridians and contribute $53.8 billion to Florida’s economy. High-tech products, in particular, accounted for nearly 1 in 4 of Florida’s exports in 2014 and contributed $13.9 billion a year to Florida’s export market, making Florida the 3rd largest exporter of high-tech goods in the nation.
With research from the Florida Chamber Foundation’s Trade & Logistics Study 2.0 showing that 95 percent of the world’s consumers live outside the U.S., what is your business doing to diversify into new markets and become globally competitive?
More Than 100 Million Tons of Cargo Move Through Florida Each Year
The holiday season is under way and consumers everywhere are busy shopping for gifts. Whether purchased online or in person at a local retailer, the process of getting goods from manufacturing facilities around the world into our homes each and every day is an impressive synergy of free market enterprise, logistics planning and transportation infrastructure.
More than 100 million tons of cargo are shipped through Florida’s air and seaports each year. Once the products reach land, Florida’s top-ranked multimodal infrastructure provides the perfect support for goods movement, with 267,000 miles of road, 3,000 miles of rail and 15 cargo handling airports that ensure every single purchase reaches its ultimate destination. With more than 1 billion new consumers expected worldwide by 2020, how can Florida capitalize on its transportation networks to meet the increased global demand for products?
To learn more about transportation and logistics and its impact on Florida’s economy, register for the Florida Chamber Foundation’s 2015 Transportation Summit on December 10, in Jacksonville.
Florida Has More Than 500k Jobs in Transportation, Trade and Logistics
Florida is moving in the right direction and our state’s transportation system is making a significant impact. The additional improvements that have been made in our airports, seaports, intermodal systems, and roads will improve Florida’s competitiveness and will help Florida diversify its economy, create more high-wage jobs, and prepare for future growth in population, tourism, trade, and business activity. In fact, Florida has more than 500,000 jobs in transportation, trade, and logistics – which pay 30 percent more than the statewide average!
Consider the facts:
- Florida annually moves 106.4 million tons of cargo through its 15 deep-water ports.
- Florida moves more than 98 million tons of freight on its more than 2,700 miles of rail lines annually.
- Florida’s state highway system is used for more than 103.9 billion miles of vehicle travel annually.
- Florida has 15,357 companies involved in Transportation and Warehousing – number four in the U.S. These establishments employ 224,958 Floridians. The average salary for these jobs is $47,788.
- Florida has 42,129 companies in the Wholesale Trade sector – number 3 in the U.S., employing 326,776 people in Florida. The average salary for these jobs is $64,272.
Florida’s transportation network is an important part of all Floridians’ daily lives, and is a large employer in our state. More importantly, this network will be the foundation of Florida’s future opportunities that are outlined in Made for Trade: Florida Trade and Logistics Study 2.0 by the Florida Chamber Foundation.
“As we look at the trends in Florida transportation and the pressures of increasing numbers of population, trade, and visitors, we must focus our efforts on delivering solutions that not only improve the business climate of Florida, but also the quality of life and quality of Florida’s communities,” said Joe Debs, Executive V.P. and Chief Marketing Officer of RS&H, an award-winning Jacksonville transportation architecture, engineering and planning firm.
As Florida continues improving its infrastructure, workforce training, and other preparations to become a more significant global trade hub, what path will Florida take? At the Florida Chamber Foundation’s 2015 Transportation Summit you will hear Jim Boxold, the newly-appointed Florida Department of Transportation (FDOT) Secretary, share his overview of Florida’s transportation system and its role to help secure Florida’s future.
Share Your Story:
Does your community face a pressing infrastructure need? Share your story with us by contacting the Florida Chamber Foundation’s Chief Economist Jerry Parrish at firstname.lastname@example.org.
Trade Leaders to Explain Florida Plan
Florida has ambitious goals to boost its role as a global trade hub, and Broward County will host a free event Nov. 6 to inform businesses about those plans and resources to help accomplish them.
The afternoon session in Dania Beach will feature a presentation of the new “Florida: Made to Trade” plan developed by the Florida Chamber Foundation with the state’s Department of Transportation.
Among its goals: Create 150,000 jobs over five years in trade, transportation, logistics, export-oriented manufacturing and related value-added services; expand Florida’s market share for U.S. trade with Latin America; and double the value of Florida-made exports over the next five years.
The “Doing Business with the World” event is set for 1 to 6 p.m. at the Design Center of the Americas, 1855 Griffin Road.
The presentation by Florida Assistant Secretary of Transportation Richard Biter on state goals and logistics plans is set for 1:30 p.m.
An expo follows from 4 to 6 p.m. featuring representatives from South Florida consulates of numerous nations and from bi-national chambers of commerce such as the Colombian-American Chamber.
To register, contact Paola Isaac Baraya at email@example.com or 954-357-7894.
For the report, visit “Florida: Made for Trade.”
Florida now has about 60,000 companies that export at least one product, accounting for one in five exporters in the country, the report said. One way to expand Florida trade would be for each exporter to expand their focus to more countries, the study suggests.
State of Logistics is Complicated, but on an Upswing
By Jensen Werley, Reporter-Jacksonville Business Journal
The 25th Annual State of Logistics Report shows that 2014 has been a good year for the logistics industry — so far.
The report, sponsored by Penske Logistics and the Council of Supply Chain Management Professionals, and compiled by analyst Rosalyn Wilson, predicts 2014 will be “the best year in the past eight for freight transportation providers,” according to an article in Logistics Management magazine.
In the first five months of 2014, freight shipments are up 13.1 percent year-over-year and payments are up 13 percent. This compares to 2013, which was described as “uneven” in the report. Last year started slowly, had strong mid-year shipments and took a deep dive by the end of the year.
Although 2014 is expected to grant some difficulties to logistics management professionals and transportation providers trying to balance uneven bursts of demand with available capacity, the year has brought an upswing.
“The first five months of 2014 have been the strongest freight performance since the end of the Great Recession,” Wilson said in the article. “I believe 2014 will be a banner year for the logistics industry.
Panama is Unrivalled – Just Look at the Rankings
By Dr Ian Collard, British Ambassador to Panama.
In recent years, while Europe has been struggling with the impact of an economic downturn, the economies of Latin America have bucked global trends and exceeded expectations.
High rates of economic growth, substantial infrastructure development and the emergence of the Pacific Alliance are evidence of Latin America’s new role in a changing world economy.
Panama – tagged by many as the Central American Tiger – has led the region’s economic performance for the last decade, with an extraordinary annual growth rate averaging around 8%.
Panama is the region’s emerging logistics hub with an unrivalled distribution network and connectivity, representing an easy and business-friendly entry point into wider regional markets.
With World Economic Forum indicators ranking Panama fourth in the world for the quality of its port facilities, first in Latin America for its air transport facilities, and first in the western hemisphere for the availability of its financial services, it is difficult to argue against its self-declared moniker as a gateway to the Americas.
Panama also has the largest public infrastructure programme in Central America. Mega projects include the expansion of the Panama Canal, development of Panama City’s Metro system, and development over several years of new logistics and port facilities.
Construction of an additional container port on the Pacific coast, a logistics park at the Pacific end of the Canal, container-on-barge services across the Canal, and a LNG bunkering station are some of the additional projects mooted.
It is little wonder that UKTI has added such projects to its list of global High Value Opportunities for British businesses.
Many of these endeavours will strengthen Panama’s logistics capacity, reinforcing its important geostrategic position in world trade and regional distribution, and enhancing its offer as a one-stop location for value-adding services.
Panama has a key role facilitating trade across the region, connecting north and south, providing a natural hub for commerce, and acting as a magnet for investment. Panama’s banking centre is home to 65 Latin American institutions, competing with Miami to be the regional financial centre of the Americas.
More than 100 multinational companies have established their regional and logistical headquarters in Panama, taking advantage of its communications, maritime and air links, and the tax incentives on offer.
In Colon, Panama has the second largest free trade zone in the world after Hong Kong, providing a home to more than 2,500 companies and handling more than $30bn in imports and re-exports from all corners of the world each year. As an increasingly popular regional distribution base, Panama has also become the shopping capital of the region for tourists and business visitors. In its highly diversified economy, retail accounted for as much as 14% of GDP in 2012
The indicators are already positive. With Panama’s ambition to join forces with the other Pacific
Alliance countries, Panama’s economic and commercial future looks even brighter.
The signing of a Free Trade Agreement with Mexico earlier this year was the last technical hurdle to Alliance membership. As a bloc, Alliance countries represent the second largest user of the Panama Canal, reinforcing the importance of Panama at the centre of the group’s trade strategy with Europe, the Caribbean and the eastern seaboard of the United States.
Panama is booming and it is open for business. I am confident that this country and the wider region will continue to grow, and will provide exciting new opportunities for UK businesses. I encourage you to read on and discover more about this fascinating and vibrant region.