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How Investment and Spending Trends Change as the World AgesOpen in a New Window

The Life Cycle Hypothesis (LCH) is an economic model developed by famed economist Franco Modigliani in the early 1950’s, which attempts to explain the saving and consumption patterns of individuals over their lifetime. The crux of the hypothesis is that by assuming all individuals maintain stable lifestyles, they will plan to even out their consumption as best they can over their lifetime. This implies that an individual will transition through multiple phases of saving and consumption...

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Falling Oil Prices Seriously Threatens Global EconomiesOpen in a New Window

Oil prices worldwide are in decline. Much of the decline in oil prices has been contributed to rising oil production in the United States. To combat this it is expected that OPEC will decide to continue its cap on oil production at their meeting in May. As recently as one week ago it was reported that Saudi Arabia was gathering support from other OPEC countries in extending their cap on production. Many countries need a higher crude oil price to have a strong economy. The five...

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A New Form of Accommodations While TravelingOpen in a New Window

In the past decade, technology has changed the way people operate dramatically. Uber has enabled a user to order a car to their house and see, in real time, their ETA (estimated arrival time). Grubhub has helped one order food from places which usually do not deliver so the individual can stay on the couch and continue binging on the newest Netflix hit. Founded in 2008, Airbnb has now taken the world by storm, connecting travelers to places to stay in over 65,000 countries and 191 cities....

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Upcoming IB Workshop for Community CollegesOpen in a New Window

This Friday, April 18th, the International Business Center at Michigan State will be holding a workshop in Madison, Wisconsin, as part of the International Business Institutes on the Road educational effort. The On the Road workshops are an extension of the flagship International Business Institute for Community College Faculty (IBI) which was offered in East Lansing, Michigan, from 1995 to 2015. The IBI’s goals are to provide participants with the knowledge, experience and resources...

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Where is the Delivery Industry Heading?Open in a New Window

As the world is becoming more connected, the courier, express & parcel (CEP) industry is growing and evolving. Online shopping has induced this growth significantly, with companies such as Amazon and Alibaba playing a major role. The ease with which a consumer can find items online from a variety sellers with many delivery options and often reviews and ratings, has shifted the purchasing power significantly to the hands of consumers. This forces retailers to offer better service and cheaper...

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New Exporting Education VideosOpen in a New Window

Export.gov is a great resource for your international business needs. The website contains a wide variety of tools and information to help you and your business succeed with international trade. Recently, Export.gov released a series of new videos to help educate small and medium-sized companies on exporting, and to encourage these businesses to start exporting or expand their exporting operations. The video series includes a chapter titled, “Get Ready to Export”, which contains...

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Airplane Manufacturing in 2017Open in a New Window

In the last blog of this week's series, we take a look at the airplane manufacturing industry. 2017 has proved to be a successful year for airplane manufacturing so far. The industry experienced a surge in aircraft orders in February, putting it on track for a record year of directories. In the United Kingdom, in particular, the number of commercial aircraft ordered by airlines jumped to 43 last month from just 4 in February of the previous year, according to the Aerospace, Defence,...

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Emerging Markets for Transport ManufacturingOpen in a New Window

Part four of our transport manufacturing blog series examines the role emerging markets play in the industry. Emerging markets are proving to be key areas for future growth in the transport manufacturing industry. The 2017 Emerging Markets Index from Agility and Transport Intelligence shows continued strength in logistics, infrastructure, and investment potential for large emerging markets, including the United Arab Emirates, Malaysia, and Saudi Arabia....

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The Global Role of High Speed TrainsOpen in a New Window

In part three of our transport manufacturing blog series, we look at high speed trains. In 2013, the Japanese government set the goal of tripling its infrastructure exports, such as nuclear plants and bullet trains, to a nearly $262 billion valuation in hopes of continuing to bolster its economic growth. Pros for the Shinkansen bullet train include a sound safety record, low emissions, and punctuality, but despite its technological advancements, foreign buyers remain unconvinced of the...

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2017 NBEA ConventionOpen in a New Window

This week, the National Business Education Association (NBEA) is holding its annual convention in Chicago, Illinois. NBEA is celebrating its 125th anniversary this year, and the convention will include over 70 educational sessions which will cover a variety of topics related to business education. Today is the first day of the convention, which will run throughout the week, ending on Friday the 15th. Check out the NBEA 2017 Convention page to learn more about conference details and the topics...

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Proposed Trade Policies in the United States Spark Uncertainty in Auto IndustryOpen in a New Window

In part two of this week's transport manufacturing blog series, we look at current issues affecting international trade in the auto industry. Implemented in 1994, the North American Free Trade Agreement (NAFTA) consists of a trilateral compromise signed by Canada, Mexico, and the United States. The initial goal of NAFTA was to eliminate barriers to trade and investment between the U.S., Canada, and Mexico. Prior to NAFTA, American cars sold in the United States were made almost...

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Transport Manufacturing Blog Series IntroductionOpen in a New Window

This week, the globalEDGE blog is diving into the transport manufacturing industry. Over the next four days, we will take a look at automotive, airplane, and train manufacturing, along with a blog on the impact of emerging markets on the global industry. The transportation manufacturing industry is comprised of businesses that manufacture vehicles, vehicle parts, and the infrastructure that supports them. Sectors in the industry include passenger cars, semi-trailer trucks, container ships,...

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Britain Seeks Trade Ties with Saudi ArabiaOpen in a New Window

Just last month, the United Kingdom Parliament triggered Article 50 of the Lisbon Treaty, officially commencing the necessary processes for leaving the European Union. The entire operation is expected to take two years, and the U.K. hopes to set up the structure for a positive international investment climate during that time. As part of this pursuit, Prime Minister Theresa May began a multiple-day visit to Saudi Arabia on April 4 to...

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How Technology, Demographics, and Consumer Trends are Shaping Chinese ManufacturingOpen in a New Window

Since implementing market reforms in 1978, China has recognized the fastest sustained economic expansion in history, with GDP growth averaging almost 10%. Much of China’s assent to the second largest economy in the world can be attributed to the growth and development of their manufacturing industry. In 1990, China accounted for less than 3% of the global manufacturing output by value; today they account for nearly 25%. However, the economic and demographic trends that stimulated...

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The Good, The Bad, and The SpicyOpen in a New Window

Growing up, many kids turned to ketchup to go with every meal, from hot dogs to mac and cheese to scrambled eggs. Now, the condiment of choice has turned into Sriracha. In the past 16 years, the hot sauce market, specifically Sriracha sauce, in America has increase by 165%, which makes the market one of the fastest growing industries in the United States. Sriracha is now becoming a global phenomenon with over 200 tons produced a week worldwide. David Tran, the creator of the spicy condiment,...

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Nine Fortune 500 Companies Commit to Sourcing from Women-Owned BusinessesOpen in a New Window

Some of the biggest names in business have made a statement when it comes to bridging the gender gap. Walmart, Coca Cola, Pepsi, Exxon-Mobile, General Mills, Campbell's Soup, Procter & Gamble, Johnson & Johnson, and Mondoleez have all banded together and committed to sourcing more from women-owned businesses. Walmart has already achieved their goal of buying $20 billion worth of goods and services from women-owned businesses in the United States over the past five...

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Outlook on the Global Bond and Equities MarketOpen in a New Window

Investors are investing more in equities in European markets, which is leading to a rally in the continent, despite fears driven by political uncertainty, such as Brexit and the upcoming elections in France. This is a reversal of 2016, where investors pulled out nearly $100 billion from the equities asset class, and this is seen as being driven by the hopes of a harmonized global expansion. Stock funds in American markets are facing outflows due to investor’s worries of high valuations,...

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Coface Country Risk ConferenceOpen in a New Window

globalEDGE is proud to be a sponsor of Coface's annual Country Risk Conference. The conference will be held on April 20th in New York City, and will focus on business to business trade around the world. Topics covered will include Brexit, how the United States' new trade policies will impact international trade, low oil prices, and the emerging markets in Central and Eastern Europe. Business professionals, consultants, and researchers are welcome to attend the event, and registration is...

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Nuclear Power Industry Suffers a Blow After Westinghouse Files for BankruptcyOpen in a New Window

Westinghouse Electric Company, a nuclear power developer based in the United States, filed for bankruptcy on Wednesday. The company is struggling to account for its failed nuclear production projects while its main corporate partner, the Japanese parent Toshiba Corp, is suffering huge losses. Westinghouse, “a once-proud name that in years past symbolized America’s supremacy in nuclear power, now illustrates its problems”. The company is now able to break its...

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30th Annual NASBITE International ConferenceOpen in a New Window

Established in 1988 as the National Association of Small Business International Trade Educators (NASBITE), NASBITE International is a nonprofit organization who aims at advancing global business practice, education, and training. NASBITE has been a leading organization that promotes an exchange of information and resources among global business education and assistance professionals. Among many others, NASBITE’s specialties include international trade, global marketing, small business...

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