SACC-GA MONTHLY NEWSLETTER

MONTHLY NEWS & UPDATES

Greetings,

Team Sweden has put together a report on how COVID-19 has affected Swedish businesses operating in the U.S. The report finds that while negative impact was observed across the board, there are some Swedish companies in the market who believe there will be positive impact on their businesses. To read the full report see link below.

Our joint summer networking event with the other bilateral chambers in August is usually an awaited and well attended event. As times are still uncertain we have decided to hold this event virtually this year. I know everyone is longing to see each other again and this is a way we can stay connected in a safe manner. See the flyer to the right for more info. Early bird pricing is available until September 6, 2020. For a tutorial on how the platform works please click HERE.

Best Regards,

Ida Pond

Executive Director SACC GA

REPORT- IMPACTS OF COVID-19

As the COVID-19 outbreak lingers on in the U.S., Swedish companies’ U.S. operations are feeling the hardships. Negative impact from COVID-19 was observed across all sizes, maturity levels, regions and industries of Swedish companies with U.S. operations. As Sweden is the 13th largest investor in the U.S., understanding the gravity of the situation, how best to navigate the uncertainties and how to prepare for the new normal is paramount.

Over 100 executives in the U.S. from companies with Sweden-based headquarters were surveyed in June, revealing negative impact in 85% of respondents. The automotive, manufacturing, retail and food industries were most negatively impacted while health care and ICT (Information Communication Technology) companies experienced the least negative impact. Furthermore, recently established Swedish companies experienced greater negative impact compared to Swedish companies that had been in the U.S. market for a longer time.

Click HERE to read the report that been a collaboration between the actors in Team Sweden: SACC-USA, the Embassy of Sweden in Washington, D.C., Business Sweden and the Consulate General of Sweden in New York.

SACC USA EXECUTIVE FORUM

We are honored to welcome you to the SACC-USA flagship event, the Executive Forum on October 1, 2020. The event is arranged in collaboration with the Embassy of Sweden.

Our theme – The Forces of Change – will cover the latest on innovation and how revolutionary technologies are creating new ways of doing business. Considering the impact of the Covid-19 pandemic, we will also explore how this challenge has and will affect business and particularly trade. With election day just one month away, we will have recognized political pundits and politicians debate and share their insights and predictions for the 2020 U.S. elections.

The Executive Forum will include keynote speakers, panels, fireside chats and round table discussions. We anticipate high-level representation from both the U.S. Administration and the Swedish Government and we are proud to have congressmen, ambassadors, well-known pundits, and business leaders on our impressive list of speakers. In addition to that, The Trade Guys will do a live recording of their popular podcast at the Executive Forum.

Women's Series

As part of the Women's Series we a invite you to virtually join us

for a presentation on the Women's Initiative (WEI).

We will discuss how to support female entrepreneurship, drive partnerships and how to take your business global.

Monica Hooks, the Executive Director of the WEI, will give us a brief presentation of their mission. In her role she is in charge of developing, managing, and executing programs and initiatives that support the development and promotion of female entrepreneurship with a keen focus on launching the program’s third cohort.

The discussion will be moderated by Vanessa Ibarra, Director, Mayor's Office of International Affairs & Trade