SFIA will highlight the latest industry innovations with its inaugural '2016 SFIA Start-Up Challenge,' at the 2016 SFIA Industry Leadership Summit. "Start-ups are at the heart of innovation and make us take a second look at an old concept, or force us to confront a new way of doing things in the sports and fitness industry," said SFIA President & CEO Tom Cove. "We want to facilitate that growth and provide these young companies with an opportunity to influence the future of our industry."
Beginning May 1 and ending May 30, up-and-coming CEOs are welcome to submit pitches to become one of the five finalists in the '2016 SFIA Start-Up Challenge.' To learn more and to apply for the '2016 SFIA Start-Up Challenge' click here.
We all know at least some of the disruption stories so celebrated by believers in the new economy. You do not have to be old enough to remember when Eastern, Pan Am and TWA ruled the skies and "Ma Bell" was the telephone company, to know that the news and music industries have been totally disrupted by online media, manufacturing is threatened by 3D printing, and the taxi industry is currently being disrupted by Uber and Lyft. From pharmaceuticals to healthcare; from retail to manufacturing; no industry is safe from an ongoing wave of disruption.
Join fellow C-level executives from across the sports & fitness industry at the 2016 SFIA Industry Leaders Summit as we examine an assortment of complex disruptors to business and the economy.
The U.S. House of Representatives, Ways and Means Subcommittee on Trade announced its intention to strengthen American manufacturing by reducing tariffs on certain imported products. The Trade subcommittee took the first step toward reducing tariffs on imports of products not manufactured in the USA at an April 14 hearing on renewing the Miscellaneous Tariff Bill (MTB).
The MTB temporarily suspends duties on products no longer produced in the U.S. MTB’s can last up to three years and then are reconsidered by Congress.
The PHIT Act is legislation pending in Congress which will allow Americans to use Pre-Tax Medical Accounts to pay for physical activity expenses. The PHIT Act will provide an incentive for adults and their children to get fit which will help prevent healthcare costs related to preventable chronic diseases. Passage of the PHIT Act will have positive effects on the sporting goods industry.