globalEDGE Blog - Page 6

This year's mild winter has significantly impacted Europe's ski resorts, where declining snow cover due to climate change is disrupting operations.

The Olympics need no introduction.

Retirement savings are a looming concern that millions of people across the world are facing daily. Amid economic turbulence, shifting demographics, and an evolving employment landscape, a growing number of people find themselves falling short when it comes to preparing for their golden years. For many, the biggest question about retirement is not how they will spend their free time, but rather if they’ll be able to retire.

The beauty and personal care industry has always been a stable and reliable industry, but recently, it has especially been on the rise, generating over $625 billion in revenue across the world in 2023. Furthermore, the industry is expected to reach close to $736 billion in global revenue by 2028.

With climate change exacerbating inclement weather and environmental norms across the globe, experts predict an increase of as much as 7 degrees Fahrenheit in global temperatures by the end of the century. To help quell the rapidly rising temperatures, initiatives are pouring millions of dollars into new geoengineering projects worldwide.

Boeing is currently facing a plethora of potential business losses, with their CEO Dave Calhoun announcing he will step down at the end of 2024. This is following continued questions and concerns about the manufacturing process after a multitude of malfunctions with Boeing products have occurred in the past couple of months.

The impact of the container ship Dali’s collision with the Francis Scott Key Bridge in Baltimore is being felt well beyond the borders of the United States. This sad event, which resulted in the permanent suspension of maritime commerce at the Port of Baltimore, casts a shadow over international supply lines and economies that cut across national boundaries and sectors.

Pfizer, a major pharmace­utical company, recently witnessed a substantial fall in its third-quarter sale­s. The primary reason was a drop in COVID-19 vaccine sale­s, as well as other related products, resulting in a massive loss of $2.4 billion. Compared to previous years, when the company enjoyed a large profit of $8.6 billion, this fall is substantial. Even though the company foresaw the­se obstacles and amende­d their plans, sales topple­d by a staggering 42%; yet, Pfizer isn't losing hope­. They are looking towards their long-te­rm projects, and count on their resource­s to pull through in sustainable ways.

Our planet faces a pressing environmental crisis. From overflowing landfills to plastic pollution in our oceans, unsustainable waste management practices threaten our ecosystems’ health and well-being. The good news? Many countries and companies are rising to the challenge, implementing innovative solutions, and inspiring a global shift toward a greener future.

Major African cocoa plants in Ivory Coast and Ghana have reduced processing chocolate due to inability to purchase beans. These two countries together contribute nearly 60% of the world's cocoa production. Rising temperatures and weather conditions have stressed and damaged these crops in West Africa, and this halt is anticipated to lead to a surge in chocolate prices globally. Following three years of little cocoa harvests- and another three anticipated- chocolate manufacturers have already raised prices for consumers, with chocolate prices doubling over the last year and rising to all-time highs.