As we are wrapping up this globalEDGE blog series of “top trends,” we thought there’d be no better way to finish then with a custom-made list talking about top global business trends as seen by us here at globalEDGE. The list is in no particular order (i.e. trend number 1 is no more prevalent then trend number 5), but we feel that all of these trends are making themselves known in the international marketplace now. Here’s the list!
globalEDGE Blog - By Tag: what's-on-top-series
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Each year, Ernst & Young releases a Global Business Risk Report, which highlights the ten most significant risks to global businesses. Compiling views from leading analysts, academics and industry executives, the report does a nice job of showing what companies need to be on the lookout for in 2011 and beyond. Here is the preliminary 2011 list, with the number in parenthesis being the rank from 2010:
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To increase productivity and save large amounts of money on labor costs, many companies are either setting up outposts overseas or contracting third parties in other countries to do some of their work for them. This trend is known to most as offshoring, and while it continues to grow, many predict that we haven't seen the worst of it.
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These are the goods that run the world, where people put their fortunes, and fortunes are made. Thinking about internationally traded goods (commodities) brings to mind vast ships, supply lines, and intense logistics, not to mention the more devious trades (a.k.a. blood diamonds). The truth of trading is completely different.
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As globalization becomes an increasingly important trend in the business world, finding the right country to conduct business in may seem like a difficult task. However, it could be easier than you think. The International Finance Corporation, an organization under the World Bank, develops an index to rank 183 countries based on their ease of doing business. The country rankings depend on nine different percentile categories including: starting a business, dealing with construction permits, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, and closing a business.
Here is the list of the top ten countries:
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In the business world competition is something companies must thrive on. In order to survive in this cut throat global economy, companies have to be able to compete with each other and show their strengths. Our coming blog series is based on just that, competition. We will be show casing the best of the best in international business.
Any international business professional should be aware of the world around them. We will help you out by putting the important information all in one place. This week watch for lists of the top countries for offshoring, top global business cities, top traded commodities, top countries in the ease of doing business, top business risks, and top international business trends. It is essential to stay on top of the latest trends and know where in the world potential for business growth lies. All of these lists should help you to get a feel of the current international business environment, and see ‘What’s On Top’. So come back later this week for some awesome posts!