Wednesday, April 25, 2018

LED Lighting Solution Company Switch Made Opens New Global Hub Office in Dubai

©iStock/Tailex
A leading manufacturer of LED lighting solutions revealed it is further expanding its operations in the UAE with the opening of a new global hub office in Dubai.  The company is Switch Made.
The unveiling of the global base of Switch Made in the UAE complements the call by French President Emmanuel Macron to enhance the role of French companies in international entrepreneurship, it said.
Switch Made has already been associated with several landmark projects in the UAE.  Learn more about them here.

Tuesday, April 24, 2018

The Grand Prize Winner is Umbulizer

©iStock/gustavofrazao
The annual MIT IDEAS Global Challenge showcase and awards ceremony recently took place.  The grand prize winner of $15,000 went to Umbulizer, a team developing a low-cost, portable ventilator — made by modifying and simplifying the machinery — for patients in rural areas where medical resources are scarce and unreliable.
“High-end ventilators are not affordable for hospitals in Pakistan. We’ve basically simplified the model” to make them less expensive, team member Moiz Imam, a senior in mechanical engineering, told MIT News.
The Umbulizer team — including Sanchay Gupta, a Harvard Medical School student, and Hamza Khan, a Harvard Business School student — is developing an automated ventilator that keeps only four critical functions, reducing the price to around $2,000.

Learn more about Umbulizer and read the entire article to discover all the inventions with social impact that won awards at the MIT IDEAS Global Challenge.  Congrats to Umbulizer!

Monday, April 23, 2018

Today in Global Small Business: Japan's Retailers Benefit From E-Commerce and Overseas Expansion

©iStock/BestForLater91
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, April 21, 2018

Candy Heaven

©2018 Laurel J. Delaney.  All right reserved.
The Cafe & Bar, located at Dylan's Candy Bar on Chicago's Magnificent Mile and inside the world-famous Tribune Tower. Visit the Cafe & Bar along with two floors of candy heaven.  A complete Midwest must.

Friday, April 20, 2018

The Inspiration Behind Compas Global

©iStock/chombosan
Knowledge@Wharton interviews Yin L. Yin, founding member and the COO of Compas Global, a three-year-old Silicon Valley provider of enterprise software that lets companies view, analyze and plan their global growth strategy on one aggregated dashboard.

The inspiration behind Compas Global was the ability to help technology companies do global expansion in a more structured and efficient way.

Read the interview here.

Thursday, April 19, 2018

The Global Development of the French Economy Report

©iStock/MarcelloLand
The report below by Business France sheds light on the twin aspects determining the international development of the French economy, highlighting the gains to be made by businesses through the interplay between foreign investment and international trade.  BF can already see that companies that invest more often in France are also among those that export the most.

This is the role of BF, which is responsible for helping foreign investors prosper in the country, assisting them at every step of the way, and laying the groundwork for future prosperity.

Go here to access the report, which includes a listing of the top 5 American exporters in France (2016).

Wednesday, April 18, 2018

Export 24/7

©iStock/FotoCuisinette
Despite global economic uncertainty, the spirit of creativity and innovation are still driving the growth of companies globally and that's largely due to perseverance.  Small businesses should take advantage of technological innovations to connect with new customers and look to grow on a global scale. There are so many opportunities out there, waiting to be seized.

Yes, exporting can be intimidating but to help, FedEx compiled a list of tips for successful global expansion.

Tuesday, April 17, 2018

10 Tips to Get You Ready for International Expansion

©iStock/z_wei
Back in the day when I was selling food products overseas, I [Laurel Delaney] received an order for one million bags of snacks. At the time, I was just getting started exporting food products, and a customer in Japan wanted to import the snacks for sale at a major baseball park.

My reaction? You can probably imagine.  It went from a feeling of euphoria to panic:  how will we ever service the order? 

It was a sign we had to go global or remain local. Let’s use my experience to walk through 10 tips to get you ready — just as I had to — for international expansion.

Read more to find out whether your business is ready for international expansion.

Monday, April 16, 2018

Today in Global Small Business: Factors to Consider When Taking Your Website Global

©iStock/NicoEINino
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, April 14, 2018

How Electricity Travels Inside Wires

©2018 Laurel J. Delaney.  All rights reserved.
"We believe that electricity exists, because the electric company keeps sending us bills for it, but we cannot figure out how it travels inside wires." -- Dave Barry

Friday, April 13, 2018

SMEs Are Increasingly Looking Beyond the EU for the Future Growth Plans

©iStock/WINS86
Brexit is requiring small businesses to fundamentally reassess the way they do business internationally, with small business owners being forced to adjust to a vastly different trading landscape. That means looking beyond the European Union to new international markets to facilitate growth and expansion.

Many are investigating market that have a dedicated Amazon and eBay national site, a useful medium for online retailers seeking to break into new markets. "EU countries are still a major target for SMEs expansion plans, with 50% saying Germany was a priority foreign market, 44% saying France and 24% saying Italy," according to the Financial Director.
However, SMEs are increasingly looking beyond the EU for their future growth plans. 70% said that the US was a key priority for expansion, 41% said Australia and 27% said Canada, clearly indicating that large, developed and English-speaking nations lead the way outside of the EU. Beyond that, 16% said China was an opportunity for expansion, 12% said Japan and 9% said India.
Read more about how SMEs should tackle Brexit.