Is globalization over? Some commentators consider the United Kingdom's vote to leave the European Union to be a sign that it is. Brexit has certainly thrown markets, exchange rates, and consumer confidence into turmoil, but the model of globalization that has developed over the past 200 years started showing signs of change well before the referendum.
Let's face it: everyone likes to get a good deal on a purchase. For many consumers, saving money on something isn’t just a delightful coincidence: it's a necessity. This reality will also sound very familiar to businesses that are working with limited resources and stretched budgets. The pressure is on to save money on purchasing decisions, and that can make going with the lowest priced option seem like a good idea.
When focusing on measurable elements of a business, key performance indicators, or KPIs, are critical to evaluating efficiencies and effectiveness of a process, but they can be complex when involving a supply chain often composed of numerous organizations.
Globalization - that irresistible force that was inevitably, inexorably making the world flat - looks to be in retreat. Trade growth has never recovered to the levels reached before the 2008 financial crisis. Donald Trump is fueling his presidential campaign on fear of free trade and immigration. The economic problems of the U.S., he blasted in a June speech, are "the consequence of a leadership class that worships globalism over Americanism." Then came Brexit, the worst setback for the European Union, that most ambitious experiment in globalization. Money manager Bill Gross said Brexit marks "the end of globalization as we've known it."
The motto at Bambino Mio, a manufacturer of reusable diapers here in the English midlands, is "cloth nappies for changing times." The description may never have been more apt.
The FDA has placed four Chinese and Indian generic drug facilities on the so-called "Red List" that bans them from shipping products to the U.S. for failing to pay required fees and not meeting identification requirements.
Consumers expect seamless access to brands -- and their history with those brands -- on every channel they visit, and business shoppers are no exception.
While diesel engines remain the norm in shipping, competitors like LNG are becoming both more feasible and more available. Part of the reason is the rapid expansion of Sulfur Emission Control Areas (SECAs) across North America and Europe. So the critical question becomes: Does "green" propulsion allow the merging of economic efficiency with environmental benefits, or is it just another compliance cost for the shipping trade?