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The MED Week Conference helps minority-owned firms grow domestically and globally through a series of educational, training and business-to-business networking events. Throughout MED Week, nearly 1,500 minority business owners, government officials and corporate representatives will hear about President Obama’s National Export Initiative and develop the skills to become export ready. Minority businesses already export twice as much as the average business, as they often have existing cultural, family or business ties to foreign countries.Are you export ready? Get with the program -- read more here.
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Half of Asia will become urbanized, and nearly a billion people will shift from countryside to cityscape. Trillions of dollars will need to be spent on roads, trains, power plants, water systems, and social services. And it's going to happen in less than half the time that it took the West. China and India will account for two-fifths of the world's urban growth, but they are pursuing wildly different strategies for managing this shift.Read more about this here.
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| Photo credit: Laurel Delaney, Chicago, Illinois, U.S.A., Oak Street and Michigan Avenue, John Hancock Building |
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The current shaky economic environment is a challenge for all leaders, Davis acknowledged. He detailed three types of corporate responses to the economic downturn. "Some companies won't make it. Some will be crippled; it may take five, six or seven years for them to get back to the level they were at before the collapse." The third type of company, however, will keep its long-term goals in sight. It will pursue strategic growth in line with its core values. These companies will effectively balance conventional and digital business, strive for efficiency and think globally. Consequently, Davis said, these companies will learn, adjust and evolve as the global economy recovers. "Some companies will come out of the recovery stronger than ever. Times of great uncertainty are also times of great opportunity."Read: "Solving a 'Wicked Problem'"
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billions of entrepreneurs,
book,
Tarun Khanna,
video
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crutch for small businesses,
entrepreneur,
export,
Paul Yap
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“A slowdown in the global economy is now obvious and that is cooling investor sentiment,” said Tomomi Yamashita, a fund manager in Tokyo at Shinkin Asset Management Co., which oversees about $5.8 billion. “There are no attractive positions to take right now in markets. We’re waiting for better economic data.”Read more here.
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Bloomberg,
global growth,
rate of global growth
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Asian companies have been on a tear, but this may be as good as it gets. Despite a stellar round of earnings for the last quarter, the outlook for many of the region’s companies — household names around the world — is dimming.And a snippet from Alibaba.com:
“We continue to take a cautious view on the global economy and small-business development,” said David Wei, Alibaba’s chief executive, “and expect a slowdown in export growth for the following quarters.”Read more here:
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Bettina Wassener,
NY Times,
pessimism in Asia
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Many companies tend to categorize sales by regions or markets, while others segregate government sales. Additionally, intra-company sales, and hence profits, are sometimes structured to take advantage of trade, tax and regulatory polices. The resulting reported data available for shareholders is therefore significantly less than the desired level for analysis.Read more here: Foreign Sales - Love'em or Leave'em (Bloomberg Businessweek)
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avoid the U.S.A.,
Baidu Inc.,
Bosstalk,
Google,
Owen Fletcher,
Robin Li,
WSJ
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| Photo credit: Laurel Delaney, GlobeTrade.com -- taken at The Hyatt Lodge at McDonald's Campus in Oakbrook, Illinois, 8/5/10 |
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Australia has about one million SMEs, about 90,000 of which do international business.
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export oriented,
global bank makes move for SMEs,
HSBC,
SMEs
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| Photo credit: Laurel J. Delaney, President, GlobeTrade.com |
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GlobeTrade.com,
Ho Chi Minh City,
IBM,
Michele Grieshaber
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With 37,000 restaurants in 110 countries, Yum! even eclipses that more famous icon of American colonization, McDonald's, to rank as the world's largest restaurant chain in terms of numbers of outlets.Read more here.
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Indonesia has a very positive story to tell -- for openers, its economy is on track to hit $1 trillion in GDP by 2014. The country is the third-largest democracy in the world and it is in a demographic sweet spot -- half its population is under 30.Read more on why Indonesia might be a good place to invest or export to -- here.
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Indonesia,
Knowledge at Wharton
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| Photo credit: Laurel J. Delaney (Chicago skyline extraordinaire -- current weather here) |
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( Transcript )
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exporting,
SBA podcasts
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General Mills projects the international unit, its fastest growing division over the last five years, will generate more than $3.7 billion in sales in 2015, up from $2.7 billion in 2010. The company is also “actively working” to find deals to expand overseas, particularly in emerging markets such as Brazil, Russia, India and China.Read more here.
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| Photo credit: Laurel Delaney, Chicago lakefront |
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Even though the trade gap hit an 18-month high in May, exports rose substantially, by $3.5 billion. Imports just grew faster, by $5.5 billion. But increasing exports is pretty significant news. Last month they declined by $1 billion, so a big bump in the positive direction is welcome news. In fact, exports grew to the largest amount we've seen since September 2008, hitting a 20-month high.Read more here.
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exports,
global and domestic demand,
The Atlantic
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"Definitely the weakness in trade through May suggests less momentum in the economy," said Shawn DuBravac (Twitter), chief economist for the Consumer Electronics Assn.Read more here.
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growing global,
international expansion,
Starbucks,
VIA
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Japanese companies from Toyota to Canon are for the first time looking at poor people in emerging markets as potential consumers.To offset the slump at home, Japan is seeking new, high-growth markets.
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emerging markets,
Japan's exporters
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Cliff Ennico,
U.S. sales agreements
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Dwell magazine,
Pergo,
wood flooring,
wood grain laminated
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HSBC's International Business Survey found that the portion of U.S. executives planning to increase their overseas sales targets rose sharply to a survey high of 72%, up from 49% in 2008 and 56% in 2009, underscoring the rapid globalization of the core of America's economy. Fifty-six percent (56%) of the executives polled say their overseas sales are growing faster than domestic sales, a rebound from 52% last year though still below the 67% level seen in 2008.Read the news release here.
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• The global context in which U.S. MNCs compete and invest is shifting. The United States retains many strengths that make it one of the most attractive markets for multinational companies’ participation and investments. But numerous fast-growing emerging markets and some advanced economies are making huge strides in increasing their attractiveness. The United States has entered a new era of global competition for multinational activity.This fact is merely one of numerous economic impacts U.S. multinationals are facing in the new world marketplace.
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Warren Buffet,
Warren Buffet going global
Here's to a great 4th of July holiday weekend where you kick back yet make time for some good old-fashioned summer reading. We hope it starts here. |
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"I'm not suggesting every SME needs to become a global business, but to be the best they can be, they have to understand that there are going to be opportunities out there in the current climate whereby they can get together and leverage what they have together with other partners, and actually make a stronger, better business that's going to add to the economy as a whole. We are saying if you are going to recognize these opportunities, you have to step back and ask how are we going to do it?"Read more here.
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