Ready or not, what does the future hold?
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READY OR NOT, SELF-DRIVING
CARS ARE THE FUTURE

The landscape for drivers is changing dramatically now that it is becoming commonplace to ignite a vehicle – and hail a vehicle through a mobile app. In fact, the future is arriving sooner than expected. In the next few years, you may be able to “drive” a vehicle without worrying about speed limits, traffic congestion or having an accident. The software in public-beta prototypes is still being perfected; however, many of the major automakers are gearing up to introduce cars and SUVs with autopilot systems that control speed and steering and provide significantly intuitive safety features.

According to experts, auto-piloted vehicles make remarkable economic sense on a personal and global level. They are expected to save lives and fuel while reducing stress. The research on the benefits of having fleets of autonomous vehicles via Uber-like taxi services is even more impressive. Extremetech.com professionals believe this on-demand availability of self-driving cars could cost as little as .35/mile and half the cost of a personal car. In addition to being less expensive, a fleet service would be convenient, environmentally desirable and allow prime real estate used for parking areas to be reclaimed for housing, parks and business use.

Negotiating the rules for this new normal will be tricky with insurance entities, organizations and individuals hesitant to adopt this once-unimaginable scenario. Several questions remain: 1) How difficult will it be for us to trust this new technology to the point we could just relax on the way home or over-indulge at the bar, knowing we did not have to drive home? 2) How hard will it be to give up our love of driving – and control? And, 3) Are we willing to “ride-share” on a larger scale to achieve significant savings for our wallet and planet?

At the very least, it seems a “driver-assisted” version of the futuristic automobile promises to be safer on average than the purely human-powered care of yesteryear. Exciting stuff coming our way!

 

 
WHAT DOES BREXIT
MEAN TO THE U.S.?

The unprecedented nature of the Brexit, June’s so-called decision by British voters to exit the European Union, clouds predictions on how economic events will ultimately affect the U.S. Most certainly, there are important implications to foreign policy because Britain long enjoyed the role of “transatlantic bridge” between Europe and America.

The negative aftermath seems to be manifested in these ways:

1 FEAR FACTOR - There is concern that other countries might follow Britain’s lead and leavethis “trading bloc”, adding to global uncertainty.
2 SLOWING U.S. ECONOMIC GROWTH – Global uncertainty could lead to cutbacks in European consumer and corporate spending, which could result in economic sluggishness.
3 IMPACT ON TRADE – The biggest impact thus far has been the short-term downward pressure on the British pound. This makes imported goods more expensive for the Brits in the near term.
4 VOLATILITY FOR THE FED – Weak growth and slow job gains over the past 8 years have tied the hands of the U.S. Federal Reserve – in spite of claims of a stronger economy, the Fed has been unable to increase interest rates more than 0.25% over the past 8 years. This means the U.S. has fewer “tools” available to deal with any lasting repercussions of the Brexit fallout.

The Brexit vote was symptomatic of the Brits’ frustration with losing control of the governance of their country. This has become a common issue around the world, and parallels the popularity of Presidential candidate Donald Trump’s “Take Back our Country” message. This message resonated very sharply with the roughly 50% of our country concerned with the fallout from our free trade policy and our broken immigration system.

Since global business is so interconnected, the worldwide slowdown is on the minds of economic analysts who see investors turning to safe haven assets during these times of economic upheavals. But Britain’s economy has been much more resilient than most experts predicted, even in light of recent currency fluctuations. Click here to read article.

The Brits will also be happy to see an increase in American tourists who capitalize on the bargain vacations available now. Americans will likely move to the top of the visitor list since traveling is more of a hassle for European tourists post-Brexit. So, bon voyage!

 

 
 
 

 
EMPLOYEE SPOTLIGHT
DANIEL MARTINEZ
Regional Marketing Manager

Daniel Martinez has always had an entrepreneurial spirit.

In high school, he and a business partner sold cell phones to everyone they knew. After that, still in his early 20s, he managed a printing business with 12 employees and a multitude of clients.

His experience as a business owner – in addition to his years working as a commercial banker – has been a valuable asset in his role as Regional Market Manager at Amerisource corporate headquarters in Houston, where he helps entrepreneurs find working capital for their operations.

“My passion is helping business owners,” Martinez said. “I understand what it’s like to wake up every day and realize that it’s make-or-break. I love to be able to help them when it feels like they’ve exhausted every other avenue. I enjoy educating them about asset based lending options so they have another resource for financing their business.”

Before joining Amerisource in June, Martinez was in the banking business for 12 years. He worked his way up from a teller all the way to managing the largest Houston branch for BBVA Compass.

When he’s not helping business owners, Martinez – a Bolivian native whose parents moved his family to Texas when he was three – loves to spend time with his wife and two children. He coaches soccer, enjoys bowling and has a passion for baking and cooking. His favorite item to bake: cookies. “I haven’t met a person yet who doesn’t love cookies,” he said.

Martinez is also an avid sports fan, rooting for Houston teams with a flair that’s unmistakably Texan. When asked his prediction for the Houston Texans in 2016, he said without hesitation, “They’re going all the way. That’s what I say every year.”

 

 
REACHING OUT AND GIVING BACK
AMERISOURCE EMPLOYEES LEND HELPING HANDS
 
5TH ANNUAL
WALK FOR THE WOODS PROJECT

For the fourth consecutive year, Amerisource was again a sponsor of the annual Walk For The Woods Project on April 23 in Houston.

The 5K journey through Houston’s historic East End is the major fund-raising initiative for The Woods Project, a comprehensive program of wilderness education experiences oriented toward the development of life skills in youth from disadvantaged backgrounds.

“The Walk For the Woods Project was an excellent time to get out and about in the Houston area,” said Amerisource team member Erica Gongora. “I enjoyed seeing and learning about the beautiful landmarks. My favorite part was the old fire station. One word: Amazing! I will definitely be going next year.”

This year’s event raised more than $155,000 to benefit more than 175 students in the program. Thanks to all the Amerisource team members who came out to participate in this year’s event.

 

 

OTHER ORGANIZATIONS WE’VE SUPPORTED IN 2016 INCLUDE:

AUGUST 2016
Spring Branch PTA
APRIL 2016
Rolling Hills Community Church
JUNE 2016
American Factoring Association
MARCH 2016
Boosterthon Fun Run
JUNE 2016
Wounded Warrior Project
FEBRUARY 2016
Tomball Junior High School
MAY 2016
Post Oak Little League
FEBRUARY 2016
Avon Breast Cancer Walk
APRIL 2016
The Woods Project
FEBRUARY 2016
Congregation Shalom
APRIL 2016
St. Baldrick’s Foundation
JANUARY 2016
CFA Educational Foundation
(Commercial Finance Association)
APRIL 2016
Cy-Fair Christian Church
DECEMBER 2015
The Renewal Center
 
 
 

 

COLLEGE FOOTBALL
BOWL CHALLENGE 2016

It’s almost time for all of you gridiron gladiators. Amerisource’s upcoming College Football Bowl will begin registration in November. Keep an eye out in your email for the contest announcement or contact jcyr@amerisource.us.com for your invitation.