We are passing through one of the most exciting times in the history of world trade. Of course, there are challenges in many regions of the globe but being a futurist, I can there are some unique emerging trends in the export-import business that will guide businesses in the future. As more and more companies are.........
We are witnessing several new global trends that are shaping the toy industry. With changing times, new technologies are evolving and it's entirely changing the way toys are designed, manufactured, and consumed. Having been in this industry for quite a long, here are 3 emerging key trends in the global toy industry.........
We all travel to foreign countries to seek orders, meet customers, or sometimes to do market-feasible studies. However, the reality is that in case we do not prepare properly, our chances of success are very remote. The phrase " Amat Victoria Curam " simply means that victory favors only those who take pains. In another word, to be victorious, you........
One of the common problems in export trade is to always look for products that are in demand but have less competition. In this context, Pet foods and accessories are a segment that the exporters often ignore. However, the reality is that it’s a growing industry with very good margins. The global pet food market is projected to grow........
In global trade, we deal with multiple countries, & therefore it's of paramount importance that as exporters, we should adhere to the regulatory and cultural laws of importing countries. This becomes more important when we are dealing with Islamic nations as often importers in these countries for some special conditions........
Many times I come across many exporters that have a common pain point: "Export business is risky as buyers are not trustworthy ". I do agree that sometimes there are a few buyers that may have some payment issues. However, from my experience, I have found that it's the fault of exporters as they........
Have you ever felt that the moment you see the country of origin for any product, your perception of that brand immediately changes? So, if it's "made in Japan ", automatically electronic brands originating from Japan get an edge. Similarly, we see this in the case of Cars from Germany or Coffee from Ethiopia........
We all believe in globalization and the free movement of goods and services globally. Right? However, if we really go deeper into the subject, it makes me ponder, is there really free trade between nations, or is it just a myth? After spending over two decades visiting and working in over 50 markets across the globe,.......
Natural personal care products have seen huge growth in international markets in the last few years. There has been a significant shift in the export portfolio of exporters that are in the manufacturing and export of cosmetic products . Most of the exporters have shifted from chemical-based cosmetics products......
I have always been a champion & advocate of glocalization by adapting products to suit local markets. However, as every coin has 2 sides, let me here highlight the flip side of adaptation. The adaptation of products in international markets to suit local cultures and markets can be a challenging and complex process......
As we celebrate globalization and increased world trade among nations, one big unanswered question still remains is whether the fruits of globalization have been shared among all nations ? Is international trade really fair with all countries? Has WTO been successful in achieving a level playing field......
International businesses need innovation and laser focus on market trends in order to stay competitive and meet the changing global demands of consumers . Exporters not only need to do product differentiation but also focus on dynamically changing importer needs. For this ,all exporters need to adapt to new technologies....
We often talk about the globalization of brands but rarely do we talk about the impact of globalization on Indian movies in world markets. The craze for the new Shah Rukh Khan movie Pathaan once again proves the global popularity and acceptance of Indian cinema and stars. But the reality is that Indian movies and......
International business involves multiple agencies and stakeholders. Many times start ups and new exporters make mistakes that can cause huge losses and penalties. Here are 3 common mistakes that should be avoided at all costs by anyone in international business:…
As you travel in Europe's Mediterranean region, one thing you can not miss is the omnipresent Olea europaea fruit oil, popularly known as Olive oil on your table. As soon as you order any food, the first thing you get is some bread with olive oil along with salad dressings. This oil had been extremely popular in ancient Greece and the Roman world. Some scholars argue that olive oil has Egyptian origin. In fact, Hippocrates, the father of modern medicine wrote about over 60 different;
The world is fighting a pandemic and everyday there is a new record, a new headline of how life is impacted by the COVID-19 Coronavirus pandemic. Everything said and done, life is still uncertain. COVID-19 has impacted several economies across the globe, irrespective of color, religion or race. The deprived have suffered huge blows in their life and even the privileged have had their own fair share of struggles.…
Even the best laid out business plans can go amiss due to internal factors or external shocks. Just a few months back, who had imagined a world with lockdowns, remote work and education, and virtually a complete stop to international travel? Amid numerous books and lectures on the merits of positive thinking, an important but mostly neglected branch of ancient stoic philosophy is the practice…
Dr. Vikas Kumar Singh is an international speaker, global marketing strategist, and author. He has over two decades of experience in international trade and has worked with several MNCs in India and Europe. Recently Dr. Vikas Singh launched his maiden book " Return Ticket " as an author. He also has created a "STOIVIK" framework that helps people to move toward living a fulfilled and happy life. …
