Few observers doubt the immense potential of Brazil, one of the world's most significant emerging economies. Indeed, Brazil has great advantages. Compared with its colleagues in the BRIC quartet of emerging giants, it is richer than India and China and larger and more democratically stable than Russia. It is the largest nation in Latin America, with one-third of the region's population generating 44 percent of its GDP. Already the sixth-largest economy in the world, it could become the fifth by 2020, according to forecasts by the Economist Intelligence Unit. But growth, and the investment decisions that underpin it, doesn't happen by magic. Substantial growth takes enlightened government and well-informed decisions by potential investors.
U.S. multinational companies that routinely allocate their profits to other countries to benefit from low-tax jurisdictions may soon need to change their tactics.
The number one imperative for North American shippers continues to be cost reduction and cost containment, which means that logistics providers must analyze and scrutinize operations more diligently than ever in order to find such opportunities, says Jeremy Haycock, president of Damco North America.
Benoit Reinards of Flanders Investment and Trade explains why global retailers like Nike have made Flanders their hub for distribution throughout Europe and beyond.
The Open Group Trusted Technology Forum, a global consortium formed to create information-technology standards and certifications, has published the Open Trusted Technology Standard (O-TTPS).
Organic products were a luxury with little market to speak of when Ibrahim Abouleish founded Sekem, Egypt's first organic farm, in Cairo in 1977. The years Sekem spent honing sustainable cultivation practices paid off, though, in 1990, when it moved into growing organic cotton. Organic produce was entering mainstream Western stores then, and worldwide demand for all things organic began to surge.
The International Civil Aviation Organization (ICAO) and The International Air Cargo Association (TIACA) signed a Declaration of Intent to strengthen co-operation on technical matters.
On March 11, 2011, a tsunami off the coast of Japan caused human tragedy on a massive scale, killing thousands and rendering more than half a million homeless. The tsunami also wreaked havoc on business supply chains worldwide. Toyota and Honda experienced a 30-percent and 60-percent decline in profit, respectively, which both attributed to production lags caused by limited supplies of parts after the tsunami. The tsunami caused an estimated $40bn in economic losses due to interruptions in global supply chains.
Inttra, a global, multi-carrier shipping network for ocean freight, is now offering its shipper members access to cargo insurance from Lloyd's of London broker FP Marine Risks.