globalEDGE Blog - Page 48

The globalEDGE team has completed its update of the U.S. Commercial Service Trade Contacts. Being a part of the U.S. Department of Commerce’s International Trade Administration, the U.S. Commercial Service functions as a global network with resources, market information, and international buyer connections. Now that each state’s trade contacts have been updated, business professionals throughout the world will have easier access to receiving trade expertise to assist with exporting. For anyone looking to make their first export sale or expand to new markets, look to the U.S. Commercial Service to align yourself with the connections to enhance your business. To find these updated contacts you can look here on globalEDGE and choose which state you would like, then click the Trade Contacts tab for that particular state.

As the United States welcomes President Joe Biden, he has begun at a quick pace changing policies and reforming some government-related issues. One of them was the oil industry's reformation, concerning the United States' large oil infrastructure, but a huge gain for environmentalists across our globe.

The World Economic Forum has put out the 2020 version of their publication of the Global Competitiveness Report.  Typically an assessment of the overall productivity and health of the world, its people, and its economy, this year's edition takes a special focus on the actions needed for revival and recovery amidst the devastating COVID-19 pandemic.  This report is unique, as it does not include the typical Global Competitiveness Index Rankings—which combine a variety of economic factors like stability, skills, and market size to rank the top economies—and instead focuses on how the world economy can heal and overcome some of its most glaring obstacles.

In the year 1760, the industrial revolution seized the attention of the world as rapid technological advancements were made nearly everywhere. With it came massive infrastructure development—and a heavy load of carbon dioxide and other greenhouse gases. Since then, the rate at which these pollutants have entered our atmosphere has only increased exponentially, with current levels more than 2x what they were in 1760, a potential recipe for disaster sometime in the future.

Thanks to the COVID-19 pandemic, millions of workers across the globe have been forced to work from home. Yet, when new obstacles are encountered, new opportunities are created. Companies and their employees have been taking advantage of the virtual workspace and incorporating video games, and video game-like aspects into everyday tasks.

Hong Hong’s 2019-2020 protests made international waves as the Chinese territory rioted and protested against Beijing-imposed national security laws.  This was mainly centered around an extradition bill that would allow criminal suspects to be extradited to mainland China.  Seen as a major violation of democratic rights, this controversy remains unsettled to this day.  Meanwhile, the Chinese government has continued to infringe on Hong Kong’s civil liberties, prompting many Hong Kong citizens to explore leaving the country. 

Xinjiang is an autonomous region of Northwest China, known for its vast deserts and mountains. Xinjiang is inhabited by several ethnicities, namely the Uyghur people of Turkish descent and the Han people of Chinese descent. The Uyghur and the Chinese have a long history of discord stemming from their religious differences, though it wasn’t suspected that there was severe oppression against the Uyghur people from the Han until early in 2020. It is now widely believed that the Chinese government has detained up to a million Uighurs over the past few years in “re-education camps.”

As the new year begins, many people’s resolutions may be to either re-evaluate what stock they are investing in or invest for the very first time. Now is the best time to start looking at predictions for how the stock market will look throughout 2021, and some hopeful versus risky stocks to invest in.

Throughout the pandemic, countries within the European Union (EU) have been providing a great deal of financial support to businesses. Although this assistance is crucial in keeping many of the companies alive, some economists worry that a majority of these countries may be allocating an excessive amount of their funds toward aiding their nation's businesses. With bankruptcies down to levels that haven’t been seen in decades, some fear that there may be a delayed wave of bankruptcies approaching as soon as governments stop monetarily assisting these companies.

Direct-to-consumer (DTC) retailing is a popular strategy for brands to develop relationships with customers, utilize digital channels of selling, and skip the middle man when it comes to product sales channels.  In the times of COVID-19, the rush to e-commerce and digitalized sales channels has created an opportunity for more brands to branch out into the direct-to-consumer market.  From clothing to makeup to food subscriptions and even orthodontic wear, this strategy presents convenience to both consumers and suppliers.  Let’s take a look at the brands and methods behind direct-to-consumer retailing.