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Express Trade Capital’s feature in California Apparel News, February 2023 edition.

Express Trade Capital’s feature in California Apparel News, February 2023 edition. Mark Bienstock weights in on 2023 climate for manufacturers, retailers and consumers.

”As a result of a difficult 2022 holiday-sales environment, apparel importers and manufacturers are facing dual issues going into 2023. First is bringing their inventory back to a more manageable level. Many companies were dealing with a logistical logjam of too many containers arriving at the same time as well as missing the current season. This forced the retail community to postpone or cancel many orders. The importing and manufacturing trades are still carrying elevated inventory, causing added margin compression to their bottom lines.
Second, the rising interest-rate policy of the Federal Reserve to tame inflation is causing many in the apparel community to resize their respective entity structures as we are potentially heading into a recession. Cost containment throughout the entire manufacturing and selling ecosystem will be paramount to come out stronger once economic recovery is underway.”

At Express Trade Capital, we provide financing along with logistics solutions, and serve as your consultant – providing advice including:

– How to structure transactions for maximum profitability.
– How to most efficiently move your goods from pickup to delivery to your customer.
– How to manage cash flow and mitigate risk throughout the various stages of production and delivery.

This advisory capacity truly sets us apart from other financiers. It’s in our best interests to give you the best advice because our own profitability is determined by your success.

To read this top story on California Apparel News, click here ➡️ https://lnkd.in/gjxxDD84

To schedule a discovery call and see how ETC can help your business, contact us here ➡️ https://lnkd.in/e84Ti6hg


Collaborative Manufacturing Hub to Open in Chicago

Sadie Keljikian, Express Trade Capital

Chicago may soon have a domestic manufacturing sector to be reckoned with.

The opening of the brand new mHUB was announced by Chicago Mayor Rahm Emanuel and is billed as “Chicago’s first innovation center focused on product development and manufacturing.” The project is a joint effort of World Business Chicago and the mHUB board of directors intended to provide much needed resources to local manufacturers.

Said Mayor Emanuel, “mHUB builds on Chicago’s history as a home for hard-working men and women with bold vision and big ideas… mHUB will unite the manufacturing center with our vibrant technology-focused entrepreneurial scene, and will encourage new and existing manufacturing as a driver of growth for our city thanks to new applications in product development and manufacturing.”

The space is roughly 60,000 square feet and encourages collaboration and communal work among entrepreneurs, manufacturers, engineers, designers and investors. With numerous partners and investors like GE Ventures, Marmon, Chase Foundation, Comcast Business and Kirkland & Ellis, the state of the art production space has garnered a lot of attention from top global investors.

To jumpstart the center, at its opening, the mHUB board will work with the two year old Catalyze Chicago Incubator to help companies develop prototypes into finished products.

“We are excited to introduce mHUB to the manufacturing community,” said World Business Chicago President and CEO Jeff Malehorn. “mHUB will help spark innovation and growth in the industry, and encourage the development of cutting-edge manufacturing products for the future.”

The space is set to open near the end of the year.

Visit our website to learn about funding and logistics solutions for your manufacturing business.

Contact us for more details.