Claims That Globalization Is Dead Is Fundamentally Wrong

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Everywhere we are seeing claims that “globalization is dead.” Such declarations are fundamentally misguided (wrong).  Globalization is changing.  That's about it. 

The system we are moving toward is more complicated than a reversion of global interconnection. In many cases, trade is simply being rerouted rather than shut down. Most commercial industries will remain open and global, but certain critical sectors will turn inward, toward localized supply chains.

And then there is AI.  See how all of this plays into the need to prioritize international collaboration and engender a new global mindset – one that aims to innovate responsibly and unleash human potential.

Leveraging AI in the Global Supply Chain

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Organizations are using AI not only to collect more data but to utilize that data to reduce cost while improving efficiency and resiliency. They’re betting on AI optimizing operations from the global scale to the last mile.

AI can take over some repetitive tasks that can be easily automated. But it doesn’t have intuition or common sense. With customers looking for more and more services, humans can take on those more complex tasks.

Learn more about how to leverage AI in the global supply chain.

Restoring Global Growth Will Be Challenging

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The coming downturn is not inevitable, but restoring global growth will be extremely challenging.

The IMF’s World Economic Outlook and Global Financial Stability Report suggest a difficult road ahead, warning that “the fog around the world economic outlook has thickened.” The rapid succession of large interest-rate hikes by the U.S. Federal Reserve and other major central banks has caused public and private sector debts to increase to their highest levels in decades, enhancing the risk of financial instability. 

Can the current global economy avoid a lost decade?

Galvanizing Global Small Businesses Worldwide By Supporting Women and Young Entrepreneurs

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Facing limited access to affordable finance, capacity-building support, partnership networks, and global markets, women and young entrepreneurs need help to overcome the numerous challenges that frequently stifle the growth of their businesses, confining many of them to informality or necessity entrepreneurship.

Learn more about how we can leave no one behind.

Today in Global Small Business: Merrilee Kick of BuzzBallz Shakes Up the World (podcast)

©2023 Women Entrepreneurs Grow Global®.  All rights reserved.

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

• Tune in to Merrilee Kick's How She Went Global® podcast, "Shaking Up the World with BuzzBallz."  Learn about global shipping, payment terms, branding and more.
• Hooray!  We are pushing past 110K readers (aka followers) this month to The Global Small Business Blog.  Founded in 2004, we have served you for 19 years!  YOU rock because of your readership and we rock because we publish content you like to read!
• Defending globalization by the Cato Institute.
• Quote of the week: “No generation has had the opportunity, as we now have, to build a global economy that leaves no-one behind. It is a wonderful opportunity, but also a profound responsibility.” – Former U.S. President Bill Clinton.
• Trends to watch in the global pet food market.
• The global consumer packaged goods market is expected to reach $5.48 trillion in 2030.

Anyone Can Make Gum

©2023 Laurel J. Delaney.  All rights reserved.

"Anyone can make gum. Selling it is the problem." – William Wrigley Jr  

Yo -Yo Ma: Nature At Play (Music Video)

Does Globalization Need a Revamp?

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Does globalization need a revamp?  Find out via a video from Robin Niblett, Distinguished Fellow, Chatham House – published by World Economic Forum.

The Shifting Global Small Business Mindset

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VISA launched its 7th edition of its Global Back to Business Study, which found that a majority of surveyed small and micro businesses (SMBs) plan to prioritize cross-border sales as they look to scale beyond Main Street and High Street to new geographies.  

The survey focuses on four key themes, one being the shifting global small business mindset, which is moving from survival mode to growth mode.  

Expand Your Market Base: Go Global

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If you’re interested in learning more about the SBA’s STEP program, visit their website.  Why?  Because in the case of Delaware and Maryland more than $860,000 is set to be awarded to small businesses to help expand their exports.  It's a superb way to find your next global customer.  On the ground, this funding will be the link to resources that business owners need across the world. 

“To find out number one whose distributors, suppliers, wheres my market base at in those countries? So you can potentially use these funds to cover some of the costs that are associated with actually going that ground game, going to those countries, finding your distributors, finding your market,” said Michelle Harris, the Director of the Small Business Administration Delaware.

Today in Global Small Business: We Are Headed to Well Beyond 100K Readers to the Global Small Business Blog!

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

• Thanks to your readership, we are headed to well beyond 100K readers (aka followers) this month to The Global Small Business Blog.  Founded in 2004, we have served you for 19 years!  Your engagement is important to us.  Looking forward to hitting the quarter-million mark soon.  
• Factors to consider when thinking abut doing business in Dubai.
• Franchises have become game-changers, fueling global entrepreneurial ambitions and economic expansion.
• Quote of the week: "Growth is uncomfortable; you have to embrace the discomfort if you want to expand." – Jonathan Majors
• US-China relations in the Biden era:  a timeline (updated 8/30/23).
• Are you aware?  Global Agricultural Information Network (GAIN) consists of reports compiled by FAS Foreign Service Officers and staff around the world. They provide agricultural market intelligence, insight and analysis of interest to exporters of U.S. agriculture. FAS currently generates more than 3,000 reports a year, dating back to 1995.
• The enduring legacy of 9/11. 🙏 

The Magic Is Inside You

©2023 Laurel J. Delaney.  All rights reserved.

“The magic is inside you, there ain’t no crystal ball." – Dolly Parton