Upstate Shredding impacted by world trade

BRISBANE, AUSTRALIA – Upstate Shredding is located in Owego, New York, but talks happening at the G20 summit across the world in Brisbane have a big impact on the company’s success.

Upstate Shredding is growing and hiring; the east coast’s largest privately held scrap metal business is working towards becoming a 100-facility company.

“We’re going to need more outlets as we go,” said Adam Weitsman, President and CEO of Upstate Shredding. “So, that’s why we’re putting a lot of money to open up those export avenues.”

Those export avenues have sometimes been tough to crack when trade agreements aren’t solid and some countries aren’t safe.

“It’s scary right now,” Weitsman said. “I’m not a really big political guy, but, I’ve never seen a time in my lifetime of 46-years-old, I think this seems like this is one of the more scary times out there because it’s everywhere. It’s not just in one spot. It’s here, it’s there, it’s everywhere. So, I mean, I hope the world can get everything figured out and everyone can get along.”

We first talked to Adam Weitsman one year ago ahead of the G20 summit in St. Petersburg, Russia. Since then, some things have changed.

“The unrest in Turkey has definitely put a strain, a little scare into the market place,” Weitsman said.
These geopolitical situations are forcing world leaders to think differently as they try to plan for the future of the global economy.

Weitsman said he still needs better trade agreements – especially when it comes to China: a place that has recently imposed restrictions, making it harder for Upstate Shredding to do business there.

Weitsman isn’t alone in his struggles, the latest Department of Commerce numbers show nearly 40,000 small and medium sized businesses in New York exported in 2012, making up almost 60 percent of New York’s exports by value. So, Weitsman’s voice matters and he said he’s optimistic about the future.

“I feel, the best opportunities are right now, and the window’s open, and I need to take advantage of that and grow as fast as I can right now,” he said.

Weitsman said he plans to grow his company by adding about 100 employees.

When it comes to a possible resurgence in U.S. manufacturing, Upstate Shredding knows reducing barriers to trade will certainly help.

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