Innovation is vital for business. It keeps companies at the forefront of new developments, enabling them to exploit new markets much faster and stay ahead of their competition. Innovation also creates opportunities for greater efficiency, cost reduction and a more engaged and productive workforce. Have you heard about the seven ways to create a more innovative business?
Electric cars will one day push gas or diesel powered ones to the curb – but how soon? Sooner than you might think, according to researchers at the International Monetary Fund and Georgetown University. Based on how quickly horses and buggies disappeared in the early 1900s, the researchers argue, more than 90% of all passenger vehicles in the U.S., Canada, Europe and other rich countries could be electric by 2040. Along with a spate of recent commitments to electric vehicles by governments and car companies, the study offers hope about the prospects for weaning the transportation sector off carbon.
The world’s fifth largest country in territory, Brazil has more than 200 million people from the most diverse backgrounds, shares borders with almost all South American countries, holds the fifth largest stock market capital and financial market in the world and has been recognized as the seventh largest economy. In addition to a strong domestic market, Brazil is often seen by foreigners as a platform for exports to South America.
Even so, in recent years, some multinationals have decided to leave the country. According to IBGE, six out of ten companies in Brazil close down before completing 5 years of operation. Stage of a political system that is pressing for change, a heavy state and an economy considered closed by the World Bank, Brazil still has a costly labor system, several infrastructure problems, a slow regulatory environment and, according to OECD, the largest fiscal bureaucracy in the world. So why should a foreign company stay in Brazil?