global economy
145 articles

If I Was Leader of My Country, This Is What I’d Do

Young leaders give their opinion on how they would reshape the future of their country.
Bart Kolodziejczyk | Monash University

More than half the world’s population is under 30 years old. This prompted the World Economic Forum to make an unprecedented, large-scale survey with a goal of determining the mindset of this young generation. The Global Shapers survey was carried out by WEF’s Global Shapers Community, which is a global network of Hubs developed and […]

Winning With Shoppers in China

Earning trust in the Chinese e-commerce market could help businesses climb the ladder to success.

With a population of roughly 1.3 billion people, China offers unprecedented growth opportunities for retailers looking to conduct business internationally. China’s National Bureau of Statistics reported last month that online retail sales in China grew 26 percent in 2016 to $752 billion. That’s more than 40 percent of all online sales around the world. The […]

What the Gambler’s Fallacy Can Teach Us About Risk

Don't ignore Murphy's Law when making business decisions.

Have you ever heard of the gambler’s fallacy? In essence, it’s a cognitive bias in which one assumes that future probabilities are affected by past events. In other words, it’s the belief that something bad won’t happen in the future because you avoided calamity in the past. There’s a valuable business lesson within this misconception. […]

Move Over Millennials: Generation Z is Retail’s Next Big Buying Group

Generation Z will be the key to the next e-commerce boom.
Matthew Shay | National Retail Federation

Millennials are currently retailers’ largest demographic, with a massive consumer base dwarfing the size of their once-dominant Generation X predecessors. And they love to shop online — during the 2016 holiday season, more than one-third of online shoppers were Millennials. But just as Millennials overtook Gen X, there’s another big buying group retailers and consumer […]

Assets are Dead … Long Live Assets

We’re overthinking it. Business success is about making lives better.
Alan Amling | UPS

Are assets losing value in this age of platform-based businesses? Conventional wisdom suggests that asset-heavy businesses, which dominated the Fortune 500 list for the last century, are in decline. Uber is on the rise despite not owning any vehicles, Apple is dominating music distribution without owning any record companies and Airbnb is disrupting the lodging […]

3 Ways a New Customs Agreement Makes it Easier to Meet Global Demand

The new TFA is changing the way goods cross borders and move around the world.
Laura Lane | UPS

The newly minted Trade Facilitation Agreement (TFA) is a game-changer for the way goods cross borders and move around the world. At UPS, the seamless movement of packages is our lifeblood — so we are excited by this World Trade Organization (WTO) agreement, which ushers in a new global framework of rules that make trade […]

3 Small Business Tax Filing Tips for 2017

Here’s why tax season doesn’t have to be a headache for smaller companies.
Ramon Ray | Smart Hustle Magazine

Once again we find ourselves in the middle of tax season, not exactly the most exciting time of year for a small business owner, but a financial responsibility nonetheless. With modified due dates and an administration change, 2017 is turning out to be a confusing year for small business tax filers. Here are a few […]

From Latin America With Love: The Valentine’s Day Challenge

There are remarkable similarities in how fresh flowers and fruit get to your doorstep.

Every February, shoppers depend on farmers in Colombia, Ecuador, Guatemala, the Dominican Republic and Costa Rica for a universal token of love and affection – fresh cut flowers. These temperate countries provide a significant amount of the delicate floras that are given during the Valentine’s Day season. For everyone preparing to take their loved ones […]

Does Your Supply Chain Strategy Hold Water?

How conserving water can slow supply chain disruption and garner future rewards.

Companies have come a long way in their ability to manage supply chain risk, but they urgently need to step up their efforts in one key area: water scarcity. The Carbon Disclosure Project’s (CDP) 2016 Annual Report of Corporate Water Disclosure, published in November 2016, provides a wake-up call. A total of 607 of the […]

Breaking Through Borders

How implementing certain strategies can help SMEs overcome exporting challenges.

As unbelievable as it may sound, the only source of economic growth in Europe between 2008 and 2013 came from exporting goods and services. Today, exports are still the most important – but fortunately not the only – engines for growth, according to the European Commission. Making up over 99 percent of all businesses, small- and medium-sized enterprises (SMEs) […]

Q&A: How One Leading Company Supports the Circle of Life

The CEO of the Nespresso Sustainability Innovation Fund points to the future of sustainability.
Guillaume Le Cunff | Nespresso

The circular economy is a shift from the current take-make-waste approach to a more resource-friendly, use-recover-regenerate model. Here, Guillaume Le Cunff, president of Nespresso USA and CEO of the Nespresso Sustainability Innovation Fund, explains why sustainability is important to the company and how UPS helps contribute to the movement. Why did Nespresso choose to be […]

How to Win With Online Shoppers in Canada

90 percent of Canadians live within 100 miles of the U.S. border – but retailers must better understand them.

How much time do you spend online in a given month? The average American spends 35.2 hours per month online, according to comScore market research. Canadians spend 36.7 hours per month, the most time online of several major economies that comScore studied in late 2014. The country is also one of the most “connected” in […]

Breaking Down Supply Chain and Logistics Trends in 2017

In a society surrounded by digital innovations, companies must stay ahead of the trends to survive.
Ludger Schuh | INFORM GmbH

“The digital transformation is no longer just a buzzword.” This was a fitting conclusion from Prof. Dr. Raimund Klinker at last year’s international logistics congress in Berlin. For several years now, processes (especially in logistics, but also in many other economic areas) have become more and more digitalized. This trend will continue for the next […]

Can E-Commerce and Sustainability Co-Exist?

A successful company is a sustainable company, which also allows it to keep up with the e-commerce boom.
Greg Brown | UPS

Technology is transforming the retail landscape as we know it. According to Forrester, U.S. online retail sales are anticipated to exceed $520 billion by 2020. Globally, online sales are growing three times faster than GDP. Increasingly, online shopping is being combined with traditional shopping trips to brick-and-mortar stores. According to the 2016 UPS Pulse of the […]

6 Issues That Will Shape the EU in 2017

The EU reflects on past issues to identify challenges and opportunities in 2017.
Carl Bildt | European Council on Foreign Relations

A year ago in Davos, the World Economic Forum Global Agenda Council on Europe published a short report: Europe: What to watch out for in 2016-2017. We noted that the EU “seems to be moving from one emergency to the next” and that “Europeans have taken their eyes off more profound long-term challenges.” We concluded […]

Global Trade and Conservation Can Work Together

Countries can be competitive in global trade without racing to the bottom in their environmental standards.
Matt Burgess | University of California

Rob Williams | University of St. Andrews

The United States is the world’s largest seafood importer, purchasing about $20 billion worth every year. It is also a global leader in seafood sustainability, with some of the world’s strongest laws and policies designed to prevent both overfishing of target species and incidental harms to other species. One of the major global challenges to harvesting […]

Closing the MRO Gaps

Companies that sell spare parts, chemicals and other maintenance, repair and operating (MRO) supplies are scrambling to adapt to evolving customer expectations.

Manufacturing long-lasting equipment — think industrial machinery — can be a profitable business, especially for those who understand their markets and customers best. But the real profit opportunity comes after the machinery is sold. That’s because equipment owners typically spend many times the original purchase price on spare parts, chemicals and other materials required to […]

How Blockchain Will Transform Our Cities

How will blockchain change the internet? By transforming it from an internet of information to an internet of value.
Hussein Dia | Swinburne University of Technology

Many trends on the horizon offer opportunities that could transform our cities. From self-driving vehicles and the sharing economy to cloud computing and blockchain technologies, each of these trends is quite significant on its own. But the convergence of their disruptive forces is what will create real value and drive innovations. Take blockchain and the sharing […]

A Digital Path to Better Healthcare

Mobile technology is laying the foundation for the future of healthcare, but it doesn't have to be flashy.
Ann Aerts | Novartis Foundation

Africa has changed remarkably, and for the better, since I first worked as a young doctor in Angola some 20 years ago. But no change has been more obvious than the way the continent has adopted mobile technology. People in Africa – and, indeed, throughout low- and middle-income countries – are seizing the opportunities that […]

TED@UPS: What if Everyone in the World Had an Address?

Here's why a simple address is no small matter.
Mario Paluzzi | Coyote Logistics

Mario Paluzzi crafts solutions to the shipping industry’s most head-scratching challenges. After developing a mobile app for drivers and an online web portal for customers and carriers, he wondered what our world would look like if we could give everybody an address.  Mario shares his story in his TED@UPS talk featured below. After you watch the video, read our […]

Can Trade Take Cambodia from Darkness to Prosperity?

On the rise, Cambodia aims to be a developed country by 2050.
Pan Sorasak | Royal Kingdom of Cambodia

Ratnakar Adhikari | Enhanced Integrated Framework

This past summer, the World Bank officially upgraded Cambodia to a “lower‑middle‑income country,” a move that confirms the country’s upwards economic trajectory during the past 20 years. But despite this new status, which Cambodia shares with 51 other economies, including India, Vietnam and the Philippines, the country is still mostly associated with darker images: landmines, civil war […]

With Bio-Texture Modeling, Feeling Is Believing for 3D-Printed Replica Organs

How the futures of healthcare and 3D printing are aligning.
Yasuo Matsunaka | Redshift

When Apple released its 30th-anniversary video in 2014, it featured a somewhat-predictable cast of Mactastic innovators including Hans Zimmer, Moby, April Greiman and others. But one innovator, Dr. Maki Sugimoto, stood out for his creativity in a field not generally associated with the Apple ethos: medical imaging. A leading authority in the field, Sugimoto is renowned […]

How to Help Combat Malaria: Supply Chain Remedies

Saving millions of lives starts with better supply chains.
Lauren McKown | MIT-D Lab

The World Health Organization estimates that nearly half of the world’s population is at risk for malaria, a life-threatening, but ultimately curable and preventable disease spread by mosquitoes.  Malaria rapid diagnostic tests are an important part of the fight against the disease, but according to new research from MIT, supply chain challenges keep these tests […]

Navigating the New World of Industrial Buying

Caught in a digital tsunami? Here are five ways industrial manufacturers and distributors can ride the wave.

The landscape of industrial manufacturing retail is changing. New market forces are at play, nudging buyers to move away from traditional, channel-centered sales and venture into a world where multiple complementary sales channels operate in tandem – the omni-channel arena. So what’s going on? The rise of online sales has fostered an ever more exacting […]

To Your Doorstep, Faster than the Speed of Sound

The logistics landscape is changing faster than ever. Here's what it might look like in coming years.
Bala Ganesh | UPS

Autonomous vehicles dominate the headlines. But they’re just one of the many futuristic technologies we could use to make deliveries in coming decades. Indeed, at some point in the future, the logistics landscape could barely resemble what we see today. Here’s an admittedly fanciful look at some of the cutting-edge technologies we could use one […]

Globalization is Worth Saving

Trade, like technology, is good for most of us. But we need to make it more inclusive.
Arancha González Laya | International Trade Centre

Cross-border flows of goods, services, capital, people and even ideas are today more contested, at least in advanced economies, than they have been since the fall of the Berlin Wall. Trade agreements, which constitute a rare, tangible legislative symbol of globalization, are bearing the brunt of the controversy. Last-minute objections from French-speaking Belgians nearly derailed a […]

This Tiger Still Has Teeth

Chinese exporting has slowed, but leading manufacturers are implementing innovative logistics practices to regain their momentum.
Richard Loi | UPS

Chinese exporters dominated the global manufacturing game for so long that it was easy to believe their domination would continue indefinitely. But the evidence is increasingly clear: The world’s second-largest economy — an economy that boomed in recent decades thanks, in large measure, to exports — needs to change the way it does business as headwinds threaten future growth. The […]

Move Over Lean Six Sigma, Here Come Smart Operations

The digital transformation of manufacturing is forcing industrial companies to get smart. What’s your company’s IQ?

It sounds like an industrial-strength bad joke. But for manufacturers, it’s no laughing matter. After shelling out hundreds of billions of dollars collectively over the last few decades and completely reorganizing their factories to improve product quality, reduce waste and stay ahead in an increasingly competitive global industry, the world’s manufacturers have been put on […]

A Manufacturing Metamorphosis

It’s Manufacturing Week on Longitudes. Here’s why we’re so excited about innovations already at work and on the horizon.

Of all the ways the world is changing, how we make things is perhaps changing most of all. The traditional manufacturing model, defined by cheaper labor, rigid supply chains and larger inventories, is evolving before our eyes. A nimbler, dare I say, smarter, strategy is emerging. Manufacturers need speed, efficiency and the ability to ramp […]

Evolving Cities for the Digital Economy

To thrive in the transition to a digital economy, cities need to build networks of people that share information.
Michael Hendrix | U.S. Chamber of Commerce Foundation

Patrick McAnaney | Johns Hopkins SAIS

To thrive in the transition to a digital economy, cities need to develop the right types of knowledge and know-how in their companies and workers. This is not only accomplished through formal education and training but through networks of people sharing information. As new technologies transform our economy, the cities that can best leverage these networks […]