According to The Conference Board’s Consumer Confidence Index, consumer confidence in the United States has increased three points, rising to 129.5 from 126.2 in October. Consumer confidence has been steadily increasing over the past five months, and is now the highest American consumer confidence rate posted in the past 17 years.
Take this twenty-question quiz developed by the MSU Broad College of Michigan International Business Center and the Michigan Economic Development Corporation to evaluate your company's export readiness.
The assessment consists of 5 separate dimensions and each dimension is scored in 4 areas, for a total of 20 questions. Your score along each dimension as well as overall is explained at the end of the assessment.
Metro Bolt & Fastener has been in business for 65 years and exporting their product for 25 years. A leading provider of steel fasteners and industrial supplies around the world, Metro Bolt delivers to a wide variety of industries including automotive, aerospace, municipal, and private businesses.
Completing a Certificate of Origin can be a daunting task the first time around. The TradeCert premium export documentation system – with whom the Michigan Chamber has partnered – has been assisting thousands of exporters worldwide for over a decade with their certificate of origin requirements. We’re here at all stages of your certificate of origin process, helping to ensure that this process is as seamless as possible.
Michigan’s preeminence in manufacturing and industrial research and development make it the ideal home for export-based industries, and its strategic location offers easy access to Asian, European, and North and South American markets. Overall, trade supports nearly 1.2 million Michigan jobs.
Here are ten steps for successfully becoming an international exporter. Once you are successfully exporting into one market, apply that to another new market, like adjacent countries or those with similar characteristics. Once you have a good understanding of what it takes to become successful, your exploration into additional markets should be quicker and potentially easier for you to continue with your expansion and growth.
1. Decide where to sell
2. Have a plan
3. Choose a route to market
4. Find the opportunities
5. Start marketing
Exporting is a privilege, not a right. Before you begin exporting you have to know where your product or service stands in terms of export controls.
The U.S. controls exports of tangible items, technology, software and some services. There are several government agencies that control exports. Three government agencies that control the majority of exports from the U.S. are the U.S. Department of Treasury, the U.S. Department of State, and the U.S. Department of Commerce.
Wait! What!!! That doesn’t make sense!!?? An export means a thing is leaving the U.S. and going to another country. How can an export possibly occur wholly within the U.S.?
Well, let’s noodle this one out together. In explaining the implications of U.S. export controls, I find it’s best to take a common-sense approach.