Big Global Ambitions: TikTok, Temu and Shein

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China has been “the world’s factory” for decades, with made-in-China goods reaching global consumers through foreign brands, shops, or sites like Amazon. And the country has had a vibrant domestic e-commerce sector, with companies like Alibaba and JD.com growing into juggernauts.

Now see how Chinese e-commerce platforms like Shein, Temu, and TikTok Shop are causing a stir and going global with big ambitions. 

Today in Global Small Business: Betting on a Lifestyle Brand to Go Global

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

• The Italian Made in Italy apparel and accessory brand Vicario Cinque is ready to further expand globally through a series of strategies in-keeping with its own identity, expertise, love for the environment, quality, savoir-faire.  It's a bet on a lifestyle brand.
• A triple-shot reinvention strategy with multiple paths for long-term [global] growth.
• Full-blown gym Everlast plans for global expansion.
• Quote of the week:  "My guiding principle is that prosperity can be shared. We can create wealth together. The global economy is not a zero-sum game." – Julia Gillard
  
• Global economic growth will slow in 2024, say banks.
• A different perspective than from above says that the global economy will perform better than many expect in 2024.

Speak Your Mind

©2023 Laurel J. Delaney.  All rights reserved.

"Speak your mind even if your voice shakes." –  Ruth Bader Ginsburg

Lessons Learned About Gratitude

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This is the perfect time of year to practice gratitude.  Jessica Stallman, contributor for Inc.com, looks back at surveys, studies, and personal anecdotes she's dug through, and questions what she has learned about gratitude and how it impacts our brains, our emotions, and our teams. 

Are some forms of gratitude more effective than others, for instance?  What are the big, headline takeaways about gratitude she wishes everyone understood post Thanksgiving? 

Read on to discover Jessica's insights.

On a related note, thank you all for your readership.  Grateful.

From Our House to Yours, Happy Thanksgiving

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Why Ireland Matters for Security Reasons

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Against the background of the Russian invasion of Ukraine and changes in the global security environment, Ireland is undertaking a much-needed national debate on security policy.

Ireland has real maritime and cyber vulnerabilities that could have important impacts beyond the country. The EU, NATO, and other European states need to work with Ireland in addressing these threats.

Find out why Ireland matters for European security.

AI Translation Software and Tools

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Before diving into AI translation software and tools, it’s important to define machine translation. The automated conversion of one language to another, machine translation works by converting text from a source language and producing the equivalent in the target language.

Many translation services combine machine translations with human support to ensure the translation is specific to the target location. This also allows the content to use specific expressions, social references, and more. 

Here are some AI translation software and tools on the market.  

Today in Global Small Business: China, the New Globalization and Its Ongoing Transition

 

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

• China, the new globalization and its ongoing transition.
• Is the U.S. trying try to shape a “new economic world order” around protecting workers?
• What is the Global South?
• Quote of the week:  “Globalisation has made us more vulnerable. It creates a world without borders, and makes us painfully aware of the limitations of our present instruments, and of politics, to meet its challenges." – Anna Lindh
• What comes after globalization?
• A look at re-globalization for a secure, inclusive and sustainable future.

A Chance to Chill

©2023 Laurel Delaney.  All rights reserved.

"A holiday is an opportunity to journey within. It is also a chance to chill, to relax. It is when I switch on my rest mode." –  Prabhas 

Small Global Companies Are Hidden Champions

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Smaller technology companies are Europe’s “hidden champions” that need to be connected to develop alternative solutions to the big tech companies, Secretary General of the European DIGITAL SME Alliance Sebastiano Toffaletti told Euractiv.

For Toffaletti, there is a misconception that everything is owned and invented by Google, Amazon, Microsoft, and other Big Tech companies. But “the reality is that, if not all but many of the innovations do not come from those companies.  

Read on to learn how Europe has thousands of hidden champions, smaller companies, which are at the top of innovation in their small niches.  Something you can achieve too whether you are located in Europe, USA or Latin America. for example.

Build a Reputation Beyond Your Local Market

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Labels that get their start outside of major fashion hubs are leveraging their local identities and a strategic approach to wholesale to gain international followings.

Key insights:

• Brands outside of cities like Paris and New York often struggle to build a reputation beyond their local markets.
• Post-pandemic digitalisation, including the proliferation of Zoom and online shopping, has made it easier for designers to reach buyers, VIP clients and other tastemakers.
• Other effective strategies include targeting influential wholesale accounts and building a strong social media presence.

Learn how regional brands go global (full article requires payment).

Own the Change

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Business leaders know that it’s one thing to have an idea that works and can produce results, and quite another matter to get that idea adopted at a scale so that it can create impact. 

By empowering people to achieve their own goals, leaders can overcome great skepticism—and achieve great results. What worked for cookstoves in Guatemala can work for corporate cloud adoption.

Want people to embrace transformation?  Allow them to own the change.