Celebrations and support from the people of erupted on Sunday, when the expanded Panama Canal was opened on June 26th, 2016. Panama Canal is mainly used by the and for trade and transportation. The new canal is said to allow for the passing of 98 percent of the ships in the ocean and will account for 80 percent of the current “” With the $5 billion ten year expansion project, Panama hopes to generate three times the amount of revenue from canal shipping fees, and wants to make transportation more efficient with its new locks. However, these goals may still take some time to reach due to the drop in shipping prices and the unexpected problems that have arisen with the expanded canal.
globalEDGE Blog - Page 122
Publish Date:
As the popularity of online shopping grows in , , , and , e-commerce companies are predicted to spend about $6 to $8 billion in investments toward logistics, infrastructure, and warehousing over the next few years. E-commerce as a whole is growing exponentially, with the retail industry being the main contributor. The need for air cargo connectivity is expected to increase as tier two and tier three cities pick up business and the supply chain becomes more complex. Specific retail companies are also working to ensure that they can account for the highest amount of revenue in terms of e-commerce.
Publish Date:
Innovation is crucial in the business world, and as companies and businesses grow larger, they often find new ideas. Bigger companies are usually less mobile, and quick changes to operations and strategy become much harder to implement after initial success. For companies looking to break this mold, empowering upper level management is very important, in order to enact the changes needed to push the business culture toward innovation.
Publish Date:
On Wednesday, President Barack Obama, Prime Minister Justin Trudeau, and President Enrique Peña Nieto will . The meeting, commonly referred to as the Three Amigos Summit, has gathered almost every year since 2005 to discuss strategic cooperation and important economic issues. This year's meeting in particular will prove to be of high significance. The primary objective of the 2016 Summit is to develop clean power plans for each country in the continued combat against climate change. However, recent political developments may cast a shadow over this year's talks.
Publish Date:
It is well known that entrepreneurship has been declining over the last few decades, but what is the real cause behind it? There are many different theories, from schooling systems, religion, student debt, economic hardships, a change in attitudes, and a more talk, less action society.
Publish Date:
The (UN) is an international organization made up of over 193 Member States. Founded in 1945, the UN deals with global issues relating to climate change, sustainable development, human rights, terrorism, etc.
Publish Date:
The Prime Minister Narendra Modi recently operating in the country. The announcement comes just days after the and has been seen as an attempt at reassuring international markets.
Publish Date:
has become what Huffington Post refers to as, , and has remained one of the top manufacturing countries in the world. However, the Chinese economy is undergoing a drastic change, transforming based economy. By switching to services, will be spread across the globe, and the question rises as to where these jobs are going to be relocated.
Publish Date:
Reassessments on the likelihood of the leaving the has caused a spike in the pound against the dollar. On Monday, the pound was valued at —a rise of more than 3 cents—marking the largest one-day gain since 2009.
Publish Date:
The is a political and economic union consisting of 28 European countries. Originally created in 1958 under the name European Economic Community (EEC), the group of countries strictly began as an economic union. However, over time, the EEC started expanding its work into political matters across Europe and, in 1993, the European Economic Community developed into the European Union. , one of the countries in the , is now debating on withdrawing its membership, known as a Brexit, and parting ways with the other European Union countries.