Friday, November 22, 2024

Orange Scarcity Forces Producers and Brands to Rethink Global Strategies

©iStock/MeXaHuk
The orange supply chain faces an unprecedented crisis – a scarcity which has forced major producers and brands to rethink their global strategies to meet demand.

With the soaring cost of orange juice, up 130% year-on-year according to Mintec's Benchmark Prices, brands are turning to innovation to offset challenges.

The orange juice market faces significant challenges, from environmental disasters to persistent plant diseases.  While brands and producers are finding ways to adapt, uncertainty remains.

Thursday, November 21, 2024

Is Your Global Strategy Focused on the Wrong Things?

©iStock/metamorworks
In today’s ultra-competitive business climate, companies expanding their global footprint need to manage resources efficiently and base their plans on validated options so goals are achieved and expectations are met.

Some questions to ask yourself:

  1. Is your leadership aligned from the onset?
  2. Are you seeing the big picture and thinking holistically?
  3. Are you focusing on the right drivers and challenges?

You want to make sure you are navigating the right path to global growth. To get the details on assessing and improving your global enterprise strategy, download this e-book.

Wednesday, November 20, 2024

Under Pressure: Japan's Startups Want to Raise More Money and Go Global

©iStock/Gwengoat
Total investment in Japanese startups increased 25% between 2013 and 2023, reaching $5.4bn in 2023, according to Initial, a Japanese VC data provider.   

But Japan’s venture capital sector is still small. VC investment is about half that of South Korea’s, for example, and only 3% of the US market.

Historically Japan’s startups have focused on serving the domestic market, a barrier to attracting foreign VC investment. The government is pushing its startups to plan for global expansion through accelerators and mentorship programs.

Japanese corporate VCs are thinking more globally, some from day one.  Find out why.

Tuesday, November 19, 2024

Would US Tariffs End or Even Reverse the Era of Trade Liberalization?

©iStock/MikeVanSchoonderwait
Would US tariffs end or even reverse the era of trade liberalization begun in the 1980s? Perhaps not, according to Walter Frick for Bloomberg.

Bloomberg Economics’ model of Trump’s proposed tariffs expects that other countries will offset most of their lost trade with the US simply by trading more with each other. That points to the possibility that globalization could keep on humming — just without the US at its center.

To explore this and more, visit here.

Monday, November 18, 2024

Today in Global Small Business: Will New Tariffs Help or Hurt Global Small Businesses?

©iStock/Iskandar Zulkarnaen
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, November 16, 2024

Let Things Go

©Laurel J. Delaney.  All rights reserved.
"Autumn shows us how beautiful it is to let things go." – Unknown author

Friday, November 15, 2024

Unlocking Opportunities for Small Businesses in Cambodia

©iStock/catshiles
Despite their importance, small businesses often struggle to access international markets due to the high costs of infrastructure, marketing, distribution, compounded by complex compliance and regulatory barriers.

However, technological advances, especially in online shopping, are alleviating some of these barriers by providing affordable digital storefronts and access to global customers without needing a physical presence.

Over the past decade, the Cambodian government has made significant strides to enhance the export potential of its small enterprises.  

Learn what those strides are here and a lot of it is digital support.

Thursday, November 14, 2024

It's Complicated: How to Mitigate the Coming Tariff Increases

©iStock/OrnRin
The following was authored by Sandler, Travis & Rosenberg pre-election.

"The Biden administration has not only determined to maintain all existing Section 301 tariffs on imports from China but is expected to increase some of them in the near future. Sandler, Travis & Rosenberg goes on to say – and this was written pre-election:

Further, former president Donald Trump is threatening to more than double those tariffs and impose duties of 10-20 percent on all U.S. imports if he is elected [as of 11/5/24 Trump was re-elected] this November. 

However, there are a number of proven and legitimate ways for importers, exporters, and manufacturers to effectively escape or limit the impact of these tariffs."

Wednesday, November 13, 2024

What DTC Brands and Retailers Need to Know to Stay Ahead

©iStock/Nadezhda Kozhedub
With discussions heating up around new tariffs on imports—particularly from China—U.S. brands face a critical question:  how to adapt supply chains without squeezing margins or raising prices in ways that disrupt customer loyalty.  We covered part of the solution, for example, with "Is Manufacturing in Cambodia a Good Alternative to China?

Tariffs may seem like a blunt policy tool, but their impact on everything from sourcing to pricing strategy can be complex, significant, and lasting.

Who decides on tariffs?  What will be the potential impact on supply chains and costs?  How do you mitigate the impact?  Find out more on how to adapt for long-term resilience.

Tuesday, November 12, 2024

Is Manufacturing in Cambodia a Good Alternative to China?

©iStock/efired
The U.S.-China trade war has put billions of dollars worth of tariffs on imports from the country and the prospect of higher tariffs under President-elect Trump has spurred many companies to accelerate their plans to shift where their products are made. These events, along with a trend of rising wages, have made many importers realize that a more diverse supply chain can provide real benefits.

An increasing number of importers have been looking for alternatives to China, with a desire to either replace or supplement their Chinese manufacturers.

Cambodia has come up because of its close proximity to China as well as its low labor costs, which are among the lowest in Southeast Asia. Making the move to Cambodia, however, is not always easy.

Read on to learn what Cambodia manufactures, how Cambodia compares to China, and the biggest challenge when switching to Cambodia.

Monday, November 11, 2024

Today in Global Small Business: Honoring Our Nation's Veterans

©iStock/Cunaplus_M.Faba
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, November 09, 2024

The New Look of Starbucks in Rogers Park, Illinois

©2024 Laurel J. Delaney.  All rights reserved.
"Our stores will be inviting places to linger, with comfortable seating, thoughtful design and a clear distinction between 'to-go' and 'for-here' service." – Brian Niccol, new Starbucks CEO 2024

Friday, November 08, 2024

Be Thoughtful and Respectful to One Another

©iStock/Moor Studio
How should you talk to your team members about the results of the US election?

With a clear winner, as in Trump, say something like I want to emphasize that one of our core values as an organization is to be thoughtful and respectful toward one another. Let’s all be mindful of how we express our feelings, recognizing the diversity within our team.

And there's more.  Even though the outcome is clear, we still face a prolonged period of uncertainty. Acknowledge the tension and confusion, then pivot to your business needs.

Read more about what to say to your team after the election.

Wednesday, November 06, 2024

Building the Road to Global Small Business Utopia with AI and Fintech

©iStock/ipopba
Could artificial intelligence help global small business owners gain the insights they need to operate more efficiently and grow?

In the updated edition of Fintech, Small Business & the American Dream, Karen Mills looks at evolving technology and how it might power this critical engine of the US economy.

Tuesday, November 05, 2024

Observations From Accidental Entrepreneur Charmaine James (wegginar® 11/6/24)

©2024 Women Entrepreneurs Grow Global®.  All rights reserved.
What fuels your soul?  How do you unleash greatness within you?  How can you surround yourself with smart and positive people?

Charmaine James will talk about this and a whole lot more at her upcoming wegginar®, Wednesday, November 6th at 11 AM CT, "The Accidental Entrepreneur." 

Charmaine is the founder and managing partner of Locsanity. She is the creative visionary behind the brand and is actively involved in the formulation of all of Locsanity’s loc, hair and personal care products. She is a former corporate executive as well as a wife and mom to three amazing children.

Don't miss this inspiring and educational talk – free of charge (can't beat that) thanks to wegg's generous sponsors as noted on the above graphic.

I [Laurel Delaney] will be moderating the call and look forward to your participation.  See you there!

To learn more and to register, visit here. 

Monday, November 04, 2024

Today in Global Small Business: RIP Lily Ebert

©iStock/MichaelHeimlich
What's affecting me, my clients, my colleagues and other global small business owners:

Saturday, November 02, 2024

Poprosze Piwo

©2024 Laurel J. Delaney.  All rights reserved.
Poprosze Piwo.  A beer, please.

Friday, November 01, 2024

A Reddit Question: If Women Ruled the World, Would the World be Better?

©iStock/ina9
Here's how it started on Reddit:  "There's an idea that the world would be a better place if women ruled it. What do you think? Although some joke that "countries wouldn't be talking to each other." Men have always been much more risk-taking and impulsive, and I feel that women would negotiate and debate issues a lot more."

Here's where it went.  What's your thought?