Matthew Bishop with VATIT STREAM

Industrial Talk is onsite at MD&M West and talking to Matt Bishop, Head of Global Sales at VATIT STREAM about "International Logistics Compliance". The Industrial Talk podcast, sponsored by MD&M West and News and Brews, features Scott Mackenzie discussing the importance of industrial innovation and celebrating industry professionals. At MD&M West in Anaheim, California, Scott interviews Matthew Bishop, the head of sales at VATIT STREAM, a company specializing in VAT efficiency and logistics compliance. Bishop explains how VATIT STREAM helps manufacturers navigate tariffs and VAT, particularly for medical manufacturers, by setting up foreign entities and handling logistics. They discuss the complexities of international trade, the importance of compliance, and the benefits of their services in simplifying global shipments. Bishop also shares his experience attending the conference and the challenges of international travel. Outline MD&M West Conference Introduction Scott introduces the episode of Industrial Talk, sponsored by MD&M West and News and Brews, highlighting the innovation and energy at the conference.Scott celebrates industry professionals for their boldness, bravery, and problem-solving skills, encouraging them to share their achievements with their families.The podcast is broadcasting live from MD&M West in Anaheim, California, with Speaker 1 inviting listeners to mark their calendars for the next event in 2027. Introduction of Matthew Bishop Scott introduces Matthew Bishop, also known as Matt, and mentions the challenges and innovations in the manufacturing industry.Matt shares his experience at the conference, mentioning the physical activity involved and the opportunity to connect with industry peers.Matt reveals he is based in Johannesburg, South Africa, and discusses the long flight to attend the conference.Scott and Matt exchange light-hearted comments about South African food, with Matt explaining traditional dishes like boerewors and koeksisters. Matthew Bishop's Background and Role Matt provides a background on himself, mentioning his role as the head of sales for VATIT STREAM and his experience in tech sales.Scott and Speaker 3 discuss the complexity of VAT and its impact on manufacturers, with Speaker 3 explaining the challenges of tariffs and HS codes.Matt elaborates on the services provided by VATIT STREAM, including setting up foreign entities and handling logistics and compliance.Scott asks about the process of setting up a foreign entity in the USA, and Speaker 3 explains the steps involved, including registration and handling customs. VATIT STREAM's Services and Solutions Matt explains how VATIT STREAM helps manufacturers navigate tariffs and VAT, emphasizing the importance of correct HS codes.Matt discusses the company's global presence with offices in the USA, UK, Netherlands, and South Africa, and their ability to handle logistics for various industries.Matt highlights the benefits of setting up as a foreign entity, including avoiding sales tax and the ability to claim VAT back.Scott and Matt discuss the challenges of logistics and compliance, with Speaker 3 emphasizing the importance of having experts to handle these complexities. Future of Logistics and Manufacturing Scott asks about the future of logistics and manufacturing, and Speaker 3 expresses skepticism about a quick resolution to the current challenges.Matt discusses the ongoing changes in laws and regulations, and the need for continuous adaptation and innovation in the logistics industry.Scott and Matt agree on the importance of efficient and cost-effective supply chain management for manufacturing success.Matt provides contact information for listeners interested in learning more about VATIT STREAM and its services. Closing Remarks and Event Promotion Scott wraps up the conversation, expressing gratitude to Matthew Bishop for his insights and contributions to the podcast.Scott promotes the MD&M West event, encouraging listeners to mark their calendars for the next event in 2027.Scott highlights the importance of the event in showcasing innovation and connecting industry professionals.The podcast concludes with a reminder to stay tuned for future episodes and to reach out to Matthew Bishop for more information on VATIT STREAM. If interested in being on the Industrial Talk show, simply