Today in Global Small Business: Emerge Stronger Post COVID-19

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

• Four questions (and answers) about Covid-19’s lasting impact on business (Bain & Company).
• As stores reopen, which customers are most likely to return (MIT Sloan Management Review).
• Quote of the week:  "Success is not final, failure is not fatal: it is the courage to continue that counts." – Winston Churchill
• Special issue on digital transformation (California Management)
• Emerge stronger post COVID-19 (pwc).
• Digital marketers race to meet the needs of a new era (Boston Consulting Group).

Is Globalization In Retreat?

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A growing number of business analysts have been arguing that we are entering a new era of global manufacturing, with the US at center stage.

... the Boston Consulting Group, following up on an earlier survey that suggested “reshoring” of factories back to the US was the new name of the game, issued a report that argued that the US had the lowest manufacturing costs among major exporters in the developed world and was nearly competitive with China.

What do you think?  Is globalization in retreat?

Meanwhile, read:  With manufacturing returning to US, is globalization in retreat?

Becoming a Globally Advantaged Company

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Step aside BEMs (big emerging markets), and instead, let's take a look at RDEs (rapidly developing economies) -- an important growth engine for many multinationals.

Is there a difference between BEMS and RDEs? In my due diligence for this post, I discovered BusinessWeek's article, "In Recession, Focus on Emerging Markets," and I'm still unclear as to which countries are identified as RDEs. Could RDEs really be BRIC countries under a new guise?

BCG (Boston Consulting Group), through its globalization arm, claims to know a thing or two about these RDEs (perhaps they will make the distinction for us):

BCG’s Global Advantage practice helps clients achieve global competitive advantage by capturing opportunities arising in and from the RDEs. We support both industry leaders from developed countries and fast-growing companies from the RDEs on a wide range of issues.

Check out their ...

Impact Stories

And this may be of interest to you too -- a report from the BCG web site:
The 2009 BCG 100 New Global Challengers

Posted from The Global Small Business Blog

100 Companies To Become Household Names Across the Globe

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Boston Consulting Group recently released a study of “New Global Challengers” identifying (immediate PDF file download) 100 companies with the potential to become household names across the globe.

The companies work in a variety of sectors, and hail from a host of countries. Not surprisingly, Brazil, China, and India account for the biggest portions of the list. The list is also very volatile, as 19 new companies made this year’s list. They are also extremely ambitious, with strong desire to capture global market share. They also benefit from a relatively lower cost of capital, and a concentration of ownership, which helps fend off potential hostile takeover attempts. As growth accelerates, these firms are willing to reach outside and bring in other expertise -- often through global alliances, acquisitions, and by building management teams with a global perspective.

It's really about how companies -- e.g., Agility in Kuwait is one -- from rapidly developing economies are contending for global leadership (I like the Page 11 area ... very insightful).
Learn more over at the Policy Dialogue on Entrepreneurship: New Global Challengers.