Blog

  • 05 Jul 2017 by Meher Ayesha

    Great news! Global Chamber has landed in Salt Lake City.

    I’m Meher Ayesha, the Executive Director of Global Chamber Salt Lake City. We have already started reaching out to our partners, collaborators, and sponsors. We have also been connecting member companies to businesses and organizations around the world, bringing new opportunities to them and the metro area.

    Global Chamber is the only organization in the world that helps companies grow beyond all borders - from every metro area into all other metro areas, collaborating with regional organizations around the globe to build new opportunities for them and their community. Read more.

    Please contact me directly to learn more about how you can grow your business from and to metro Salt Lake City through global connections and our other services.

    Looking forward to working with you to grow globally!

     

    MEHER AYESHA

    Executive Director, Global Chamber   Salt Lake City

    meher@globalchamber.org

    www.globalchamber.org

  • 29 Apr 2017 by Kirk Galster

    A recent White House executive order remove the U.S. from the Trans-Pacific Partnership, and there is a promise from that same administration to renegotiate the North American Free Trade Agreement, One perspective is that the U.S. is on an isolationist trade policy path with an “America First” campaign. The White House has also signaled placing tariffs on other countries such as Canada and China, further confirming this move toward slowing down imports with the intent of favoring and rebuilding the U.S. industry and manufacturing sectors, all while running the risk of sparking trade wars and losing ground to China in the Pacific, Middle East, and Africa.

    These U.S. policies and proposed actions have a striking resemblance to isolation trade policy and the Import Substitution Industrialization (ISI) policies that Latin America attempted in the 1950s-70s with very little success. Those policies tried in Latin America took on a much more Marxist and government intervention theme versus what the U.S. is doing, but the general concept is similar.

    If tariffs are placed on incoming imports that isolate an economy while the country focuses on internal investment, the nation may be able to industrialize their own industries and establish production where imports generally were the only option. These policies did have some success and are not completely invalid, but were found to be unsustainable and inefficient as they are running against free market economics and the general trend of the global economy (Baer, 1972 - below). In the U.S. the difference would be to rebuild already pre-established industries as opposed to developing new industries all together.

    Whether policies like this are effective and are what America needs today is irrelevant. What matters is understanding what this means for your corporation and how to make the best of a difficult situation - but with endless opportunities worldwide.

    Given these circumstances there are some key strategies your company could take depending on your individual industry.

    1. Build a strong global network. As with almost any global strategy, networking is quite possibly the first and most important step to success. This is an easy one to tackle... join Global Chamber® to grow globally and build a network in 525 metro areas - everywhere!
    2. Maintain and build robust domestic operations and avoid importing into the U.S. if you currently manufacture abroad., rebuilding or invigorating domestic operations to maintain or grow market share within the U.S. may be a vital step to take. This will ensure that even though importing some products into the U.S. may not be economically viable due to potential tariffs, the U.S. market will be secured. Ensure that if you are importing into the U.S. that there are not any additional costs due to tariffs. Instead of exporting from the U.S. or importing into the U.S., consider exporting to other nations from abroad and establishing domestic market share at home.
    3. Establish global operations in your industry to avoid fallout of possible tariffs placed on goods coming from the U.S. in response to U.S. tariffs. If you are not currently manufacturing or producing abroad, consider looking to regional hubs where you could establish operations. From those hubs you can export to other nations and not take on any tariffs that are slapped on the U.S. in retaliation to the U.S. tariffs put on those nations you are exporting to. This is counterintuitive because you should be able to export easily from the U.S. but given that new tariffs may be added on U.S. exports this will need to be considered thoroughly.

    And talk to your politicians... tell them about your business needs and have them know that you place business ahead of politics, smart economics versus populist rhetoric.

    By Kirk Galster, M.S., Global Advisor, Global Chamber® Salt Lake City

     

    Notes: Baer, W. (1972). Import Substitution and Industrialization in Latin America: Experiences and Interpretations. Latin America Research Review, 7(1), 95-122.

  • 06 Apr 2017 by Global Chamber

    In the coming years, the Middle East and North Africa (MENA) region may become the most important developing economy for global opportunities.

    The fact is the decline in oil prices and the continuing trend away from fossil fuels is an important reason why the Middle East is becoming more valuable as an investment destination. This is contrary to popular belief that the oil industry is the only opportunity available in the MENA region.

    As other developed economies, such as the EU, face growing instability in coming years with extreme inflation in parts of the EU and the exit of the United Kingdom and potentially other countries, developing economies will become more important. This is both in terms of diversification of revenue streams from traditional markets and the increase in expected returns in developing economies.

    The Middle East consists of 17 countries and a population of about 400 million (World Population Review, 2016). And there are plenty of business opportunities for Utah companies. Read more

    By Kirk Galster, Global Chamber® Salt Lake City

  • 01 Nov 2016 by Doug Bruhnke

    Join us for a special lunch discussion with Senator Orrin Hatch on the positive impact of global affairs programs in Utah.

    We are supporting the U.S. Global Leadership Coalition... and the Global Chamber is pleased to collaborate with USGLC in Utah and in other states.

    When: November 18, 2016; Lunch 12:00pm-1:30pm; Registration and Expo open at 11:30am
    Where: The Grand America Hotel, 555 South Main Street, Salt Lake City, UT 84111

     

     

  • 16 Aug 2016 by Doug Bruhnke

    Hi I'm Doug Bruhnke, CEO/founder of Global Chamber.

    U of U 1980, Chemical Engineering. Married in Salt Lake City 1982 to my bride who grew up in Sugarhouse.

    Global Chamber is growing to 525 metros around the world, and we're already approaching 100. We've had some fits and starts with our Salt Lake chapter, but we hope to have someone in place again shortly to get things moving forward.

    In the meantime we already have a number of members in Utah who have seen the promise of Global Chamber. Thank you!

    Watch for more! And you can contact me at doug@globalchamber.org

    Thanks, Doug