News and Events

**** If you missed the April 14th webinar, here is a YouTube link showing what you missed ****

Covid 19 has had a tremendous impact on the US economy, society, markets and businesses. Businesses are responding to the crisis with changes to supply chains, warehousing, storage, distribution, human resources, strategic alliances and other approaches. This program will bring together leaders of four businesses to discuss lessons that all companies should learn from the pandemic and the changes they should be making.

Moderator

Chuck Fiske – Chairman, Kentucky District Export Council

Speakers

Michael A. Rodenberg
Chairman and CEO, Murakami Manufacturing, USA, Inc.; Director, Murakami Corporation North & South America

Michael serves as a Board of Director responsible for North and South America for Murakami Corporation as well as CEO of Murakami Manufacturing USA, Inc.  He has a bachelor’s degree in Japanese from Brigham Young University and an MBA in Global Management from the University of Phoenix.  Over the past 25 years he has worked at several automotive component suppliers with assignments in Japan, China, and various locations in the U.S.  His experience includes, human resources, business development, and operations.  He enjoys bridging the gap between cultures, building strong teams, and developing people.  Since joining Murakami in 2011, his has taken a specific interest in helping young people make the jump from school to the workforce.


Eric Sauvage
President, LBX Company

Eric has been President and CEO of LBX Company LLC since January 2014. He previously was Executive Vice-President and CFO at LBX from 2008 to 2013.  Prior to joining LBX, Eric spent over 20 years with CNH Industrial, in various management positions in Finance, Sales & Marketing and Product Development, in Europe, Africa Middle East and North America. Before that, he spent 5 years with GTE Directories headquartered in Dallas, TX, and held various Financial Operations and International Business Development roles.  Eric earned a BBA in Financial Management from Ecoles Des Cadres, Paris France and an MBA in International Management from the University of Dallas, TX.


Phil Poindexter
President, Stock Yards Bank & Trust Company, Inc.

Phil joined Stock Yards Bank & Trust Company in 2004 to serve as Executive Vice President and Director of Commercial Lending.  He was promoted to Chief Lending Officer in 2008, where he oversaw Commercial Banking, Commercial Real Estate Lending, Private Banking, Treasury Management, International Banking and Specialized Lending in Louisville, Cincinnati and Indianapolis.  He was named President of Stock Yards Bank & Trust Company in October 2018.  Phil has more than 30 years of banking experience with both small and large financial institutions.


Todd Dorsey
Director, Topy America Inc.

Todd is the Director of Topy America Inc. and has been with company for 34 years.  His responsibilities focus on sales and purchasing in the automotive division in Frankfort along with being the Director of Topy America, Inc. Under Carriage Division in Tennessee and the OTR (Off the Road) division in Chicago.   Todd is a 1985 Graduate at the University of Louisville.

Each leader will speak about their company’s experiences, discuss with the other panelists their approaches and share ideas, and answer questions from our participants.

Proposed topics to be addressed by each Leader:

  • How was your organization affected?
  • Are there any changes that can be made to adjust for future threats?
  • What threats do you think businesses should start thinking about and addressing now? What 800 pound gorilla is out there that we do not see?
  • What do you recommend that all companies should do to prepare for the future?
  • How can companies identify threats and what should they do? Which departments and officers should be involved and who should lead the effort?
  • What time frame should be taken to complete the review? What time frame should be covered by the review (e.g., one year, three years, five years or longer)?
  • When should any plan arising from this effort be reviewed and amended?

 


Kentucky District Export Council Annual Meeting

The annual meeting of the Kentucky District Export Council, met on January 27th at the University of Louisville Louis D. Brandeis School of Law. Peggy Pauley (Director, US Commercial Service) presented Certificates of appointment from the Secretary of Commerce at to attending members. From left to right, Kelly Watkins (President, Expressive Concepts), Lars Smiths (U of L Brandeis School of Law) Campbell Barnum (Vice President, Global Business Development at DD Williamson), Robert Brown (Lynch Cox Gilman & Goodman), Peggy Pauley (Director, US Commercial Service Export Assistance Center in Louisville – International Trade Administration US Department of Commerce), Sally Lawler (President / Valley Vista Ski Products), Brian French (International Banking Manager at Stock Yards Bank & Trust) and Kenneth Parson (with Windstream). Other members of the board located in various locations across the state joined the meeting via conference call.


KDEC Roundtable Discussion with EXIM Chair Kimberly Reed and Rep. Andy Barr (R-KY 6th District).

In front: Rep. Andy Barr (R-KY 6th District), US Export-Import Bank President and Chairman Kimberly Reed, and KDEC Chair Robert Brown

Why We Need US Ex-Im Bank

Helps US companies export

  • Provides financing for US exports
    • Export Credit Insurance: assigns foreign receivables to US lenders
    • Working Capital Guarantee: covers standby letters of credit
    • Term Financing for goods and related services
  • Financing may be too expensive in overseas markets. For instance, in Argentina local borrowing costs are about 60%. US Ex-Im Bank can provide financing at 8.5%
  • Can finance up to 95% of export value for credit insurance
  • Gives US exporters longer period to repay – up to 18 years for term financing
  • Even the smallest companies can benefit from Ex-Im Bank support. No company or deal is too small.

 


 

National Association of District Council recently joined with NASBITE International to provide DECs, and outstanding exporters across the country, with a corporate pathway that will allow them to earn the Certified Global Business Professional (CGBP) designation. In this initiative, NADEC is recognizing the CGBP as a designation that sets a high standard for professional knowledge in the field. The CGBP designation encompasses knowledge in Global Business Management, Global Marketing, Supply Chain Management, Trade Finance, Legal and Regulatory Compliance, Intercultural Awareness, Technology and Trade-related Resources. NADEC will therefore offer a special education package to DEC members, and to outstanding exporters that are nominated by them, to help the professionals in these organizations achieve this prestigious designation. For more information about the program visit – nasbite.net