Thursday, April 30, 2009
India, for example, is a country that is growing consistently over the last several years -- proving that globalization has many positive and negative effects on culture, society or a country's economy.
Read more here.
Picture: Taj Mahal, India.
Wednesday, April 29, 2009
Read more here.
Separately, I was a part of a vibrant panel discussion on global business early yesterday morning for Crain's Chicago Business. I met so many interesting people and I just want to say, "thank you" to all who came up to me after the talk to say nice things. One attendee, a trained psychologist who specializes in family business said, "One of your statements really resonated with me." And I quickly asked, "Oh, you mean the one about 'begin with the end in mind?'" He said, "No, the one where you declared 'make it very hard for people on the Internet not to find you." To him and everyone else who attended, I say, "nice to meet you and thank you for listening!"
Tuesday, April 28, 2009
The Art of Closing the Export Deal
And as always, let me know what you think of it.
Monday, April 27, 2009
A lesson for us all is in this story: How to position your business now for when exports recover.
Read more here.
Photo: (from left to right) Paul Chow, Chief Executive of HKEx; David Wei, CEO of Alibaba.com; Jack Ma, CEO of Alibaba Group; and Ron Arculli, Chairman of HKEx -- back when Alibaba.com commenced trading on the HKEx.
Saturday, April 25, 2009
Take a timeout to read, "Taxing Times For Global Business," which covers the administration's crackdown on tightening perceived loopholes.
Friday, April 24, 2009
Read more here and take a tour of three homes for expatriates here.
Thursday, April 23, 2009
As reported in the WSJ on Friday, April 17:
"We have a real opportunity to grow globally," said Rosetta Chief Executive Tom Adams after the stock began trading.Read more here.
Wednesday, April 22, 2009
Tuesday, April 21, 2009
According to Caroline Freund, the global trade rainbow comprises of:
Necessities:Read more here.
- Medical equipment trade is thriving (such as catheters and pacemakers in the U.S. and MRI equipment and artificial body parts in Japan).
- Various foods items are up (bananas and meat in both nations, grains and rice in Japan).
- Tobacco is up over 100 percent in the U.S. and 30 percent in Japan. Vodka imports are up 37 percent in the U.S.
- Cell phone imports are up 24 percent in the U.S. and 12 percent in Japan. Proof that improved technology still sells—the new generation of smartphones are really cool.
- A number of chemicals are ahead in both countries. For example, heterocyclic compounds (a big category, $600m in February in the US) are up 48 percent in the US and 67 percent in Japan—these are used for a wide variety of things, such as drugs, pesticides, dyes and plastics.
- Wind-powered electric generating sets are up 18 percent in the United States.
Monday, April 20, 2009
Impressive roster. What's in it for them? More important, what's in it for us (how is it different from LinkedIn, Facebook (check this out), MySpace, Twitter, etc.)?
And don't confuse it with Global Link DEC or GlobalLink Network!
Sunday, April 19, 2009
Read more here and here.
Pictured: United States President Barack Obama (left) shakes hands with Venezuelan President Hugo Chavez. Photo credit: AFP
Friday, April 17, 2009
This week we stumbled upon a new resource that appears to be similar to PIERS: Import Genius -- a search engine for U.S. customs data. We have no experience with it so we leave it up to you to explore.
Another excellent way to tap new geographical markets, to minimize your expenditure of time, money, and energy, and to help focus your overseas sales and marketing efforts is to use the Port Import/Export Reporting Service (PIERS). PIERS (www.piers.com) is the only information service that provides names of U.S. consignees or shippers as well as overseas suppliers, along with detailed descriptions of import or export shipments for the commodity of your choice. This information is taken from ships' manifests by a nationwide corps of reporters and is loaded weekly into a computer database.
I once used PIERS on behalf of an American window blind manufacturer to find customers who were importing window shades into Capetown, South Africa. My client wanted to effectively compete with an industry giant already exporting to Capetown. After securing a list from PIERS that showed who was buying the competitor's goods there, we created a direct mail package specifically for those customers. Using the PIERS list gave us the competitive advantage we needed to show the South African prospects the superiority of my client's product and win them over as customers.
Another resource is The Journal of Commerce which has been around forever. They have lots of useful global transportation (commerce) information too.
We suggest you check out all of the above, compare capabilities and let us know what you think.
And if you know of other best-kept secrets, please share (comment). Or maybe you prefer to keep the secret to yourself?
Thursday, April 16, 2009
globalpost is a new international news organization that launched on Jan. 12. They have been featured in the New York Times, the Wall Street Journal, National Public Radio, MSNBC, MediaShift on PBS, the Columbia Journalism Review, the Online Journalism Review, and many more. Here's what else they told us:
By appearing on Global Post’s exciting new international news website, your words, viewpoints, and pictures would gain worldwide exposure. In barely two months, we have had 250,000 unique visitors and 1.1 million page views. Our readers have come from every country in the world except North Korea, Chad, and Eritrea!We are thrilled to be a part of this exciting consortium of international news sources.
Your posts would not only appear instantly on globalpost.com but also possibly on the sites of our partners, including the Huffington Post (7.8 million U.S. and 9.7 million global monthly unique visitors) and other news and information websites.
Take a peek when time permits.
Wednesday, April 15, 2009
Tuesday, April 14, 2009
• Exports increased to $126.8 billion in February from $124.7 billion in January. Goods were $84.7 billion in February, up from $82.2 billion in January, and services were $42.1 billion in February, down from $42.5 billion in January. ~ Source: U.S. Census Bureau, Foreign Trade Statistics, April 9, 2009Let's hope so. Read more here.
Monday, April 13, 2009
"In today's challenging global economic environment, Ex-Im Bank support of our exports gives us opportunities that we otherwise would not have," said Aquatech President and Chief Executive Officer Venkee Sharma.Congratulations to Aquatech! Read more here and here.
Photo: Aquatech's engineers in Hartland designed these towers for the Enel SpA energy utility in Brindisi in southern Italy. The plant uses desalination technology to recycle large volumes of water.
Saturday, April 11, 2009
See what you think.
Friday, April 10, 2009
We won't keep you guessing. Go here. You never know when your local efforts will go global.
Pictured: South African DJ and producer Mujava
Thursday, April 09, 2009
Check out the World Bank's outlook on China here.
I wonder if learning how to adapt quickly is more important than innovation this year? Or, do you think we need both in order to thrive in this new economy?
Photo (unrelated except for China connection): Beijing National Aquatics Center
Wednesday, April 08, 2009
Tuesday, April 07, 2009
Does that mean Hello Kitty (pictured above) is history? Let's hope not.
Read more here.
Monday, April 06, 2009
The G20 has also committed about $250 billion to boost global trade.
See why Djankov thinks the IMF lending notion (there are doubts about the global trade boost) is a good idea here.
Friday, April 03, 2009
Ivan Misner reports on his experience staying at the Icehotel in Sweden -- a worldwide franchise co-developed by an entrepreneur turned international entrepreneur with Absolut Vodka. The Ice Bar concept has spread to locations in Stockholm, London, Tokyo and Copenhagen. With more to come, I'm sure.
Read the blog entry here.
Thursday, April 02, 2009
Wednesday, April 01, 2009
Stay up to date on what takes place here and here.