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Beth Benike

👤 Person
174 total appearances

Appearances Over Time

Podcast Appearances

The Daily
Her Business Was Thriving. Then Came the Tariffs.

right now, there's no expertise in the U.S. to set this up for me. Right. Now we have to talk about the cost of importing the raw material.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

right now, there's no expertise in the U.S. to set this up for me. Right. Now we have to talk about the cost of importing the raw material.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

And the tariff on top of that. Then we have to talk about the downtime I have. So I told you I got two to three months worth of product in my warehouse right now. It will take 12 to 18 months if I had the money, if I had the expertise to get this set up. Now that's just one production line. I actually have eight products. And with one production line, I can do 100 units per day.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

And the tariff on top of that. Then we have to talk about the downtime I have. So I told you I got two to three months worth of product in my warehouse right now. It will take 12 to 18 months if I had the money, if I had the expertise to get this set up. Now that's just one production line. I actually have eight products. And with one production line, I can do 100 units per day.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

I sell more than that.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

I sell more than that.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

So I would have to buy multiple production lines for that one product. Now I have eight other products or seven other products beyond that. So just the pure cost, okay, let's scratch that idea.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

So I would have to buy multiple production lines for that one product. Now I have eight other products or seven other products beyond that. So just the pure cost, okay, let's scratch that idea.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

Financially, logistically, and in the end, my product is going to probably have to be three times more expensive for the consumer. So I guess I'm better off paying the tariff because that's less.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

Financially, logistically, and in the end, my product is going to probably have to be three times more expensive for the consumer. So I guess I'm better off paying the tariff because that's less.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

So let's scratch that idea. Let's say magically we find a factory in the U.S. that has the exact machinery, the clean environment, and access to the raw material, which is still imported and tariffed. And they're willing to work with me. Awesome. Let's do it. The first step is to create molds.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

So let's scratch that idea. Let's say magically we find a factory in the U.S. that has the exact machinery, the clean environment, and access to the raw material, which is still imported and tariffed. And they're willing to work with me. Awesome. Let's do it. The first step is to create molds.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

That process takes four to six months in itself for one mold and costs me somewhere around $100,000 to $120,000. Wow. So you tell me... How am I supposed to do this? How am I supposed to do this? And now you're cutting off all my income.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

That process takes four to six months in itself for one mold and costs me somewhere around $100,000 to $120,000. Wow. So you tell me... How am I supposed to do this? How am I supposed to do this? And now you're cutting off all my income.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

When you cut my legs out from under me with no notice, and I can't even save money or seek investment or come up with any kind of plan, I can't even sell the products I've already paid to have made in the US because I can't afford to bring them into the US. Nobody can afford to this quickly move to the US with manufacturing. We don't have the infrastructure. We don't have the raw materials.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

When you cut my legs out from under me with no notice, and I can't even save money or seek investment or come up with any kind of plan, I can't even sell the products I've already paid to have made in the US because I can't afford to bring them into the US. Nobody can afford to this quickly move to the US with manufacturing. We don't have the infrastructure. We don't have the raw materials.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

We don't have the expertise.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

We don't have the expertise.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

You know, it's just none of it makes damn sense. My husband's a farmer. We grow corn and soybeans. He's out planting today. Minnesota is really good at growing crops. We have great soil. We have intelligent farmers. We have great equipment. China is really, really good at manufacturing. I love my team in China. We send each other gifts. They send me videos. They love making my products.

The Daily
Her Business Was Thriving. Then Came the Tariffs.

You know, it's just none of it makes damn sense. My husband's a farmer. We grow corn and soybeans. He's out planting today. Minnesota is really good at growing crops. We have great soil. We have intelligent farmers. We have great equipment. China is really, really good at manufacturing. I love my team in China. We send each other gifts. They send me videos. They love making my products.