Blog

  • 27 Apr 2017 by Doug Bruhnke

    Today Erik Fackeldey of Business France (San Francisco) shared export, import, tourism and investment opportunities between the US and France.

    Global Chamber® Phoenix (and all our chapters) hold a regular stream of these events so that members can connect directly to resources related to specific countries and regions, and to keep spreading the message that MOST of the opportunities are somewhere else. 85% of new business opportunities in the next 5 years are outside the U.S.

    More on Business France: The organization contributes to the development and success of French and foreign businesses wishing to expand abroad by supporting them throughout the lifetime of their projects, and is driven by an efficient, result-oriented working culture.

    Global Chamber® works with organizations like Business France around the world to connect our members to opportunities and fill in the gaps that happen when doing business across borders.

    Today some of the information shared included...

    - France is the world's 6 largest economy (by GDP)

    - French is the world's 5 largest language and the fastest growing in the world. For example over 50% of Africans speak French and that percentage is expected to increase to over 80% in 2050.

    - An average of 4 US companies land in the France per week with a weekly total of 6800 employees being added.

    - France has the #1 startup scene in Europe, and this opens many doors including investment opportunities.

    - France has the best R&D Tax Credit in Europe and the EU.

    - Key regions of growth including Paris, Toulouse, Grenoble (a sister city of Phoenix) and Provence.

    - Business France has 4 locations in the U.S. and Arizona is served from the office in San Francisco.

    For more pictures of the meeting, click HERE.

    For more information read our recent post on the main Global Chamber® website blog regarding opportunities in France and in particular Toulouse, click HERE.

    For additional information contact us.

  • 15 Apr 2017 by Doug Bruhnke

    Global Chamber® Phoenix hosted our April "Export Roundtable" for members this week and featured keynote speaker Melissa Sanderson of Freeport McMoRan, the world's largest publicly-traded copper producer.

    Conversations with Mel are always informed and interesting! She has lived in 13 countries which included Russia... and working in the Moscow U.S. Embassy and meeting Vladimir Putin.

    Thank you, Mel for sharing those stories. Amazing, wow!

    Mel also talked about three main types of exporters and also three main issues facing all exporters...

    1) Holdup of product at the border

    2) Theft of product on rail and road, and

    3) Changing regulatory environments, and how to deal with it.

    There was a lively discussion about theft, corruption, bribery, the Foreign Corrupt Practices Act and warehouse security. I thought it was interesting that in the comprehensive guide issued by the US Government "A Basic Guide to Exporting", 11th Edition... none of these topics were in the index of this 250 page book. It goes to the complexity of exporting and how it's not for everyone... but fear not! Plenty of resources exist that will help you there there!

    Are you a member and are looking for some help in exporting, importing or international trade? Contact us

    Are you a non-member interested in learning more about the benefits of international business for your business? Contact us

    Are you a non-member who already understands the value of international business? Jump in to the global tribe and make your journey a little easier! Contact us

    Thank you global tribe of Phoenix and all 525 metros of Global Chamber!

     

     

  • 12 Apr 2017 by Doug Bruhnke

    Welcome Scientex Berhad to Phoenix! Foreign direct investment (FDI) is a critical component to the success of our community. In the U.S. foreign companies employ 5% of the workforce and account for 20% of U.S. exports.

    Scientex is a leading manufacturer and premier property developer, established in Malaysia in 1968. Today, Scientex is a diversified company including being in the world’s top three producers of industrial stretch film with export markets in 60 countries. They produce PP strapping bands, consumer packaging products, solar products and component parts for automotive interiors. Scientex is also on the top tier of property developers in Malaysia with integrated property projects spread over 1,935 acres of land in the southern states of Johor and Melaka.

    Scientex has purchased a building in downtown Phoenix for manufacturing - the company's first such investment in the United States.

    Yesterday we were visited at our Phoenix Chapter and World Headquarters of Global Chamber® in Scottsdale by Maizatul Hasim (left), Consul of Investment and Paulina Velasco (right), Investment Officer for Malaysian Investment Development Authority (MIDA), member of Global Chamber®, with 6 locations in the United States, the closest office being in Los Angeles - which covers Arizona.

    So many more opportunities coming! And Global Chamber® Kuala Lumpur is ramping up as well... yes, we're everywhere!

    For Global Chamber® Phoenix members, please be aware of an interesting event coming up with companies like Scientex. It's May 16th and being hosted by Tiffany & Bosco, for members only. It is a welcome to companies like Scientex who are from somewhere else - Malaysia, Germany, UK, Spain, Japan, China, Mexico, etc - and we celebrate.

    Learn more here.

    Not yet a member? If you're waiting for an invitation, we welcome you!

    Thank you MIDA for being part of Global Chamber®.

     

  • 05 Apr 2017 by Doug Bruhnke

    We were pleased to host a discussion on international banking by experts from Wells Fargo Bank today at Global Chamber® Phoenix. From the left, speakers were Kim Gates, VP International Treasury Management, Ed Doody, Sr. Vice President of Global Banking, and Ivan Ferraz, Senior Vice President. Summaries on their backgrounds are shown below.

    You can read more about the international banking services of Wells Fargo Bank HERE.

    The case studies were particularly interesting.

    We learned of a software company that was able to more easily send payments to their team in 34 countries,

    We also learned about a franchise that created a more robust system globally as they expanded to dozens of countries. Similarly a Phoenix-based company was able to pay their distributors with less risk and lower fees.

    In another example, a Turkish buyer increased its liquidity by stretching its days payable outstanding (DPO), and optimized its working capital with payment terms extended to 180 days (from 60 days) at U.S. rates. The seller (export client of Wells Fargo) was elated to receive payment in four days (from 60 days), on the UPAS LC used. By receiving full payments on shipments at sight, the company reduced its days sales outstanding (DSO) and optimizing its international working capital.

    These are the opportunity available to exporters, importers and traders using modern banking tools!

    Thank you Wells Fargo Bank for sharing your expertise. If you'd like to contact any of our speakers, please let me know.

    More pictures are shown here on our facebook page.

    Join us for our next Global Chamber® Phoenix events, more info HERE.

     

    Speakers

    Kim Gates - VP International Treasury Management, Wells Fargo Bank

    Kim is an International Treasury Management Consultant based in Phoenix, Arizona. She provides global cash management services to U.S. companies doing business overseas. Wells Fargo offers a suite of services to give treasury professionals visibility and control of their funds worldwide. Kim brings more than 40 years of financial services experience, with, yhr last 15 years with the International Group.

    Ed Doody - Senior Vice President, Global Banking, Wells Fargo Bank

    Ed is responsible for originating and structuring global banking solutions for Wells Fargo clients and prospects in the Mountain West Region. Based in Denver, he collaborates with commercial banking clients and prospects by delivering global solutions involving financing, treasury management, supply chain finance, risk management and international trade. He primarily works with subsidiaries of foreign- owned companies, U.S. companies with international operations, and companies engaged in import or export trade.

    Ivan Ferraz - Senior Vice President, Wells Fargo Bank

    Ivan is West Coast/Mountain Regional Manager, responsible for Business Development of the bank's international trade finance solutions, with focus on middle market banking, global banking, Wells Fargo Capital Finance, corporate customers and prospects engaged in global trade.

  • 03 Apr 2017 by Doug Bruhnke

    Another job opportunity came in today and is sitting on my desk. I reached out to two members of Global Chamber® who I thought could be a fit for this one.

    One of the reasons we created Global Chamber® was to help ensure that globally-minded and skilled professionals and executives can work wherever they wish. Which means they sometimes need a little extra help to connect with executives at global companies. They are the ones that can appreciate your special skills.

    Too often consultants and job-seekers run into the feast-or-famine cycle... way too busy... then not nearly enough to do (and needing salary or consulting fees). Staying engaged with Global Chamber through feast and famine increases the feast and reduces the famine.

    The job posting today is with a manufacturing company in automotive. The company has been based in Asia since the early 1970's and has a presence in Phoenix.

    The two position available are:

         1. Sales - full time position based out of Phoenix. Travel will be involved.

         2. Office - part time in the Phoenix metro office.

    The sales position requires excellent use of English. A limited use of foreign language is a plus. Applicants with a strong interest in automotive is also a plus.

    The office position is part-time and a bilingual applicant is best - members ask for more info by e-mailing me HERE

    Employment can start immediately. This company is opening its Phoenix metro office in mid-May.

    Get connected to more global jobs, consulting opportunities and business opportunities by joining Global Chamber.

    All the best, Doug

  • 02 Apr 2017 by Doug Bruhnke

    On Friday we were treated to a keynote presentation over coffee by Dr. James Jackson, founder of Project C.U.R.E. Dr. Jim's son Dr. Doug Jackson is the current CEO/President, and he serves on the Global Chamber Denver Advisory Board. Nadine Armstrong, Executive Director in Phoenix, is on the Advisory Board for Global Chamber Phoenix. Dr. Jim is shown (left) with Mike Patterson, Shareholder at Polsinelli.

    Dr. Jackson began his career as an entrepreneur and made a shift to bring entrepreneurial principles to create and grow Project C.U.R.E. His unyielding pursuit of seeking win-win in all relationships has served him well. We enjoyed hearing about the founding and ongoing success getting medical help around the world.

    In the beginning Dr. Jackson was an international economic consultant in developing countries when his work put him face to face with the needs of the sick and dying. During a trip to Brazil, Dr. Jackson visited a small clinic near Rio de Janeiro, where he learned that patients were often turned away due to a lack of basic medical supplies. Jackson was moved to action, making a promise to the clinic doctor that he would help provide relief to the people there.

    Dr. Jackson returned to his home in Evergreen, Colorado, and with the assistance of friends in the medical industry collected $250,000 of medical supplies in his garage in just 30 days time. By personally paying the shipping expenses, Jackson was able to send an ocean-going cargo container carrying the donated supplies to Brazil. In 1997 James Jackson's son, Dr. Douglas Jackson, became President & CEO of Project C.U.R.E..

    Currently, Project C.U.R.E. maintains large distribution warehouses in Phoenix, Colorado, Texas, Illinois, Pennsylvania and Tennessee. In addition, Project C.U.R.E. has established smaller collection centers several other states where donated items are gathered and then delivered to its warehouses. Project C.U.R.E. now collects medical donations in many U.S. cities. - delivering over a billion dollars of medical supplies to people around the world.

    Thank you Project C.U.R.E. for all that you do including being part of our global tribe. Read more on Project C.U.R.E.