Just as many global businesses are beginning to feel comfortable doing business over the , smartphones and tablets are opening up a whole to interact with customers. While still relatively new, the market for mobile applications is expected to grow into a nearly $30 billion per year industry by 2015. E-Bay’s mobile application has already been downloaded by more than 50 million people worldwide, representing 190 countries and eight languages.
globalEDGE Blog - Page 241
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Supply chains have received a lot of attention lately including being featured in globalEDGE’s on the emerging industry of Reverse Supply Chains. However, another important part of a product’s life cycle is end-of-life management. Historically consumers’ only choice was to throw unwanted products away and manufacturers could help the environment by reducing packaging or making it biodegradable. Many consumers are now being offered the opportunity to recycle and companies around the world have sprung up to offer products and services that create profit while helping municipalities and citizens "Go Green!"
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In 2009, became largest trading partner in the world, overtaking the position that the United States has held since 1930. Brazilian exports are increasing rapidly to meet China’s immense demand for raw materials and commodities. On the other side of this trade relationship, cheaper goods imported from China are opening new horizons for Brazil’s growing middle class. This commercial relationship between these countries is continuing to grow and has reached an entirely new level.
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Commercial space travel might sound like an idea from a science fiction movie to many, but truth is it is about to become a reality in the next few years!
What is space tourism?
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The world is changing rapidly. People are becoming more interconnected than ever. Information is increasingly easier and cheaper to come by. Whether it's texting, social media, emailing, faster logistics, or finding information on the internet, it all leads to one thing, making a faster paced and more competitive business environment. Here are some top trends in business that are already happening but will play a significant role in the future.
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It’s no secret that in these hard economic times companies worldwide have had to streamline processes and cut back on costs. These cut backs are starting to directly affect the value consumers are getting for their money. Now, due to rising global food prices, food and beverage companies are struggling more than most and having to cut back even more. Chips are mysteriously missing from bags, canned vegetables contain fewer ounces than before, and packaged goods of all types are seeing box size reductions. Even things like diapers are seeing shrinking package sizes. This is certainly not good news for consumers.
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As of recent, companies in have been following a common trend of expanding overseas. The country’s ability to grow in foreign markets is on the rise as successful Spanish companies turn their focus to manufacturing and developing new products in emerging markets abroad. Over the last three years, Spain has maintained a 1.8 percent share of world trade despite the rise of and the Far East. As Spain looks to retain its position as a by expanding into new markets, the domestic workforce will face steady unemployment.
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As the Chinese economy continues to improve and consumers' incomes are rising, so is their desire to travel and explore the world. According to a research by the by 2020 will be the second largest tourism market.
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Wine production is a source of great pride for many citizens. Partners throughout the global supply chain are proud to take part in an industry with such cultural importance. Change is not easily embraced in an industry with so much history and a rapidly aging workforce. Regardless, to make products more affordable and accessible there has been a push to use . There are clear advantages and disadvantages associated with this trend, but its popularity amongst consumers is becoming increasingly difficult to ignore.
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I recently came across a very interesting in the New York Times about the misunderstandings of starting a small business. There are many fears to venturing out and starting a small business of your own. Hopefully after reading over this list, you will have a better idea of what is true and what is false when it comes to opening a business.