It is not an easy time to be an internationalist, to seek global solutions to global problems amid what feels like one of history’s periodic inclinations toward divisiveness. Yet, ironically, we’re on the verge of a new age of interconnectedness, when the daily lives of people across the planet will be more closely intertwined than ever. Advances in technology will usher in the age of fifth generation, or 5G, telecommunications. And, if past is prologue, this technological evolution will lead to dramatic societal changes.
It is expected that e-commerce will become the largest retail channel in the world by 2021, beating sales of supermarkets, grocery stores, clothing stores and footwear. Experts believe that e-Commerce will respond alone to 14% of the world’s retail. Among the poles, the Asia-Pacific region leads online sales that already represent 17%. China and South Korea are the main drivers of this movement there. The United States and Canada together, already reached something around 15%. In Western Europe, consumer behavior varies widely, so e-Commerce is not yet the flagship of retail sales. The UK has been a major player in online consumption, followed by Denmark and Finland. Therefore, international strategies should be designed by region, country and category. If you are thinking to export, check it out the 6 (six) major trends in e-commerce worldwide.
With the world going through the biggest energy transformation since the industrial revolution, there are well-known and hidden heroes leading the way during this paradigm shift. Renewable energy comprises a fundamental of the global energy landscape transformation. More than 170 countries have established national renewable energy targets and more than 150 countries worldwide have formulated policies to catalyse clean energy investment. According to Climate Action, an UK based global media platform, the leadership of the renewable energy, however, depends on the perspective. Some countries are considered leaders after having incorporated a high share of renewable energy sources to their energy mix. Some lead in clean energy investment, and others in technological progress contribution. Here are five countries which have helped lead the way in this field.
The market for the plant materials used in health and medical stuff, produced without harmful chemicals or pesticides, has been rapidly increasing in many countries. The uttermost reason might be that consumers are becoming more and more health-conscious.
In the past, a newly established business would have no choice but to cater to local clients until its resources and scale of operations enabled it to expand to the regional, national and international market. Today, any startup can offer their product or services to clients situated in different parts of the world through a combination of an informative website and an effective digital marketing strategy.
China seems to grow more confident by the day. Is it too strong a statement to say that China is starting to regain its historical position as the pre-eminent global economy? The Chinese government is steadfastly following a policy of internal economic consolidation and international engagement. Wherever you are in the world you can start to feel the impact of Chinese investment and influence. China can no longer be classified as an emerging market. China has emerged and is taking on the world – much as America did in the early twentieth century and Japan in the 1970’s. How the traditionally pre-eminent global economies such as the USA, Germany and Japan react to the growing strength of China will be fascinating to watch over the coming decades but one thing is sure – China is a force to be reckoned with and cannot be ignored. If you are not currently doing business in (or with) China, you probably should be. However, China is not easy – somebody once said “in China everything is possible – but nothing is easy.” Before starting to do business in China it is essential that you try to get an understanding of the cultural drivers and expectations of your Chinese contacts. Do you really understand the importance of ‘face’ in China and do you feel confident you can navigate the complexities of Chinese corporate hierarchy? How are you going to develop those all-important relationships and what impact will Chinese long-termism potentially have on your cash-flow forecasts? Next, we will explore the twenty key cultural aspects that permeate business in China.
The Middle East is increasingly open to business with Western countries. The Saudis lead the purchases of Brazilian products in the region, followed by Iran and the United Arab Emirates. Even so, the Middle East accounts for about 5% of Brazil’s exports only. This shyness can be explained by cultural and behavioral differences in the business environment. In the Middle East, religious influence and tradition directly affect the conduct of negotiations. In this sense, understanding the region’s context is key to unlocking a world of opportunity for Western entrepreneurs. Next, we will share the main aspects of the region that should be considered before an approach.
A quick google search will give you 16 (sixteen) million different articles on how millennials can save the world or be blamed for what’s wrong with it. This fascination to Millennials has spawned a new industry of experts – consultants, specialists and authors – telling us that millennials are different and that we need to know how to deal with them. Really? Well, let’s hear from science and statistics.
The international payments have unmatched importance for global trade and global business. Yet, it is an area that has remained relatively untouched by the digital revolution that has been under way for almost twenty years. It’s also clear that there is substantial room for improvement:
- International Payments can take days and sometimes weeks to arrive at the recipient’s account.
- The content of messages is erratic and hard to match to open positions.
- Fees are substantial and unpredictable due to the involvement of multiple actors in the process.
- The overall integration into customers’ value chains is poor.
All of this leaves banks’ customers and Fintechs looking for alternatives, and Fintechs believing things can be done much better. At the same time, International Payments constitutes one of the few remaining highly profitable businesses left for banks. But, the main question here is, how long?
Graphene is already considered the material of the future by many specialists. A material as or more revolutionary than silicon and plastic, extremely strong, lightweight, flexible, great conductor of electricity and almost totally transparent. This is the graphene business card, which gave the 2010 Nobel Prize for Physics to Andre Geim and Konstantin Novoselov of the University of Manchester (UK) – the dynamo of a likely new industrial age.