We’ve been talking about “Asian Tigers” for years – the high-growth economies in the region that are able to maintain long-term, consistent growth.
Logistics has long been much more than simply handling and transporting goods. Information plays a role and gives businesses a decisive competitive edge.
You may remember the rhyme that begins ‘For want of a nail the shoe was lost. For want of a shoe the horse was lost…’ Eventually this lost nail leads to the kingdom being lost. I think modern supply chain experts can learn a lot from this old rhyme. It shows how connected things are, and how a small, minor disruption can grow and grow – until the kingdom is lost. Or, to use more modern terms: your contract, your customer, your cash.
As worldwide demand grows and interdependencies emerge among businesses, supply chains become more complex – and more fragile. Companies as well as countries need to collaborate to ensure that supply chains are protected in the best possible way.
The ninth Ministerial Conference of the World Trade Organization came to a successful conclusion at the beginning of December 2013. After a series of tough negotiations, the delegates reached an agreement designed to streamline global trade. Frank Appel shares his thoughts on the agreement’s importance and global connectedness.
Stephan Rammler, founding director of the Institute of Transportation Design at the Braunschweig University of Art, imagines what the year 2033 will be like for his hometown. With precision and color, the futurist describes his everyday life as a retiree with a part-time job as a bike courier and a man with a passion for airship cruises to Iceland.
Occasionally I get asked whether I think we’ve turned the corner on the crisis here in Europe. As an economist who studies data on things like economic growth, foreign trade or interest rates, I do indeed see some progress here and there.