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
Did You Know Florida is the 7th Largest Exporter of State-Origin Products?
The impact Florida’s international relationships have on our economy cannot be denied. As the seventh largest exporter of state-origin products, Florida-origin exports total more than $58.6 billion and exports from Florida supported 275,221 U.S. jobs in 2013.
“Florida has come a long way in building international economic development efforts, but our work is far from over,” said Doug Davidson, Market Executive of Global Commercial Banking at Bank of America Merrill Lynch. “At Bank of America, we support the Florida Chamber Foundation’s research in trade and logistics because we know that Florida’s future lies in being globally competitive.”
International business and foreign direct investment account for approximately 17 percent of Florida’s economic activity, and directly support more than 1 million Florida jobs. But as our economy grows, Florida must also continue to diversify export destinations- one of the strategies recommended in the Florida Chamber Foundation’s Florida Trade and Logistics Study 2.0.
From the Americas and beyond, Florida is quickly becoming the hub for global trade, especially in emerging markets such as Africa, Latin America and the Middle East- where growth projections remain higher than in developed markets and where purchasing power continues to increase.
The U.S. currently has five free trade agreements in the Middle East region. U.S. free trade agreements have helped expand Florida’s export opportunities. In fact, more than one-third of Florida exports go to countries that have trade agreements with the United States.
When oil exports are excluded, Florida is the number one exporter to Central and South America, with Florida exporting more than $30 billion in goods to that region in 2014.
While Florida’s top trade partners are Brazil and Canada, many emerging countries from several regions make Florida’s top 10 importers list, such as Peru (the site of a recent Enterprise Florida economic development mission trip that was attended by Alice Ancona, Director of Global Outreach for the Florida Chamber of Commerce), United Arab Emirates and Germany.
As global trade and economic activity expand over the coming decades, international commerce will continue to play a role as an essential driver of Florida’s future. Diversifying Florida’s export destinations is a strategic step in accomplishing this and is outlined in the Florida Chamber Foundation’s Florida Trade and Logistics Study 2.0.
Florida can create a stronger global economy and jobs for future generations through increased investment in ports and infrastructure projects and expanded export manufacturing and value-added services.
The Florida Chamber is committed to connecting Florida’s business community to global opportunities and leveraging resources and investments to maintain and expand Florida’s position as an international trade leader. The International Business Council is launching a new program to support Florida businesses as they explore opportunities to diversify into new export markets. GLOBAL FLORIDA will focus on connecting them to resources, policy initiatives and business intelligence on market trends for four of the major geographic regions of the world: Americas, Asia Pacific, Europe and Middle East/Africa.
Together we can help Florida become the number one hub for global trade. Join the state’s international business community at the Florida Chamber’s International Days – a two-day event where the top international trade and industry experts will convene to discuss topics such as export diversification.
Share Your Story:
Can’t make International Days? Tell us your story and why international relationships matter to Florida by contacting Alice Ancona at firstname.lastname@example.org.
About the Florida Scorecard:
The Florida Scorecard, located at www.TheFloridaScorecard.com, presents metrics across Florida’s economy. Each month, the Florida Chamber Foundation produces a Scorecard Stat that takes an in-depth look at one aspect of Florida’s economy. If you would like additional information on the Weekly Scorecard Stat or on the Florida Scorecard, please contact Dr. Jerry Parrish with the Florida Chamber Foundation at 850.521.1283.
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.
Florida Chamber’s Bottom Line Featuring Doug Wheeler
With the Florida Chamber Foundation’s latest Trade and Logistics Study 2.0 Rollout around the corner, Doug Wheeler, President and CEO of the Florida Ports Council, joins us in the studio to highlight Florida’s opportunities for global competitiveness and the historic investments in seaport infrastructure made by Governor Rick Scott and the Florida Legislature.
Click here to learn more about The Florida Chamber’s Bottom Line and view previous programs.