Quality wine is produced and consumed all over the world. It is custom in so many different countries to have a glass of wine with dinner, serve it at gatherings, or drink it socially. It has become a huge industry worldwide. What is fascinating now is how the industry is constantly evolving.
globalEDGE Blog - Page 268
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Recession? What recession? Only select areas of the food and beverage industry struggled during the past two years. The industry as a whole performed well overall in 2009 and will likely continue to develop in promising emerging regions after having proven capable of adapting its product offer to new consumer tastes in mature markets.
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When a natural disaster hits a country, the negative affects are quite obvious. The number of deaths is always devastating, along with the destruction of the land. Luckily, the number of casualties associated with natural disasters has dropped significantly in the past few decades. On the other hand, the cost of natural disasters is continuing to rise. They can have an enormous effect on the country’s GDP and economic growth. Natural disasters have been proven to drop a country’s GDP significantly.
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In many parts of the world, food is emphasized as a part of culture. Whether it is dining out at an authentic restaurant, or staying home to make a family recipe, there is no doubt that the food and beverage industry is prominent worldwide.
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Kerala is known all over the world for its lush landscapes, sunny beaches, and peaceful and pleasing backwaters. It also defies the stereotypical Indian state. This state has a lot going for it, and the following just touches the surface:
- The highest human development index in India
- The highest literacy rate (more than 90%) and life expectancy, lowest infant mortality and the lowest school drop-out rate in all of India
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Two of Europe's airlines are about to merge in order to form one of the largest airlines in the world. The two comapnies, British Airways and Iberia, have been considering this merger for a long time now and it will not be final until the end of the year.
Due to the economic recession airline companies have been losing money and looking into different ways to cut costs. Is this merger of the two European airline compnaies a good business decision and will it be beneficial for the industry? A video from BBC answers these questions and points out some of the advantages and disadvantages of this merger.
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I remember when I was eight years old and traveled with my family to Cancún, Mexico. We stayed in a four-star hotel, and yet still had cockroaches running around the room. It certainly seemed at the time like the star system standards were different between the U.S. and Mexico. As it turns out, there is no world standard for hotel star ratings. Systems for ranking hotels and motels differ from global region to global region, between countries, and even within those countries. What then, can the tourist or international businessperson do to better decipher which hotels are worth staying at, and which ones to avoid?
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Just over six years ago, a “state of the art” free trade agreement (FTA) was signed between the United States and Chile. Since that time, a nearly perfect model of bilateral trade has ensued. In fact, the projected growth between the two countries was between 18% and 52%. Would you believe that the actual growth over this period is over 345%?! Free trade agreements have often been a source of debate because of the potential environmental and human rights impacts they have had in the past. How has this FTA impacted each country?
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The global recession caused many companies to delay any expansion goals and to stay away from risky proposals. Retailers, for example are still risk-averse, however their concerns about future growth is making start considering expansion again. Some U.S. companies are taking steps into international expansion into Canada.
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First, is your Website ready for prime time? Consider adding a section for international buyers which might contain a currency calculator, shipping options and prices, a statement about the buyer paying for customs duties and taxes, and even sample duty and tax calculations using your most common commodity classification codes (call 1-800-usa-trade for assistance with this). This is purely good customer service and will reduce misunderstandings across the miles.