Global Business Development

Biweekly Global Business Newsletter Issue 112, Tuesday, July 9, 2024

Edited and curated by: William (Bill) Edwards, CFE, CEO of Edwards Global Services, Inc. (EGS)

Commentary about the 112th Issue: The world’s most livable cities, the countries preferred by expats, the world’s richest countries, the corporate tax rates for the G20 countries (the USA is near the bottom!) and European’s are the happiest in the world. Which young consumers are the most optimistic in the world. Greece starts 6 day work weeks. Pan Am Airlines is making another comeback. The young and rich in China are trying to leave. And we are adding a book review to each newsletter going forward.


Edited and curated by: William (Bill) Edwards, CEO & Global Advisor, Edwards Global Services, Inc. (EGS), Irvine, California, USA. Contact Bill with any questions, comments and contributions.

Bedwards@edwardsglobal.com, +1 949 375 1896

===================================================================

The mission of this newsletter is to use trusted global and regional information sources plus our network of 20+ in-country Associates to update our global readers on key global and local trends that can impact the success of their businesses at home and abroad. We subscribe to about 40 international information sources to keep our readers up to date on the world’s business.  Some of the information sources that we provide links to require a paid subscription for our readers to access.  

===================================================================

First, A Few Words of Wisdom From Others For These Times

“For the only way in which a durable peace can be created is by world-wide restoration of economic activity and international trade.”, James Forrestal

“Laws are like sausages, it is better not to see them being made.”, Otto von Bismarck

“If you don’t know where you are going, you might wind up someplace else.”, Yogi Berra

===================================================================

Highlights in issue #112:

  • Brand Global News Section: Burritobar®, Little Caesars®, Mod Pizza® and Tim Hortons®

===================================================================

Interesting Data, Articles and Studies

State of the Consumer 2024: What’s now and what’s next – Amid massive shifts in the consumer landscape, companies can’t afford to rely on yesterday’s consumer insights. Here are nine trends that merit close attention. Middle-income consumers are feeling the squeeze and worrying about inflation but aren’t holding back on splurges. Rather than sticking to tight budgets in retirement, aging consumers are splurging too. Speaking of older shoppers, it turns out that the brand loyalty they’ve long been known for is a thing of the past. And young consumers in Asia and the Middle East are more likely than those in Western markets to switch to higher-priced brands.”, McKinsey, June 10, 2024

===================================================================

The world’s richest countries in 2024 – Sorting Countries into rich and poor can be difficult. Measures such as GDP are affected by population size (more people generally mean more output). But adjusting for population alone is not enough. Dollar income per person does not account for differences in prices between countries (a Big Mac, for example, will set you back more in some places than in others, even after converting into dollars). Nor does it account for productivity (overall output per hour worked). To get a fuller picture, The Economist therefore ranks countries by three measures: dollar income per person, income adjusted for local prices (known as purchasing-power parity, or PPP) and income per hour worked.  Take America first. Its GDP has been the largest at market exchange rates for over a century. But by income per person it falls to sixth, behind Luxembourg (first) and Switzerland (second). The results for China—the world’s second-largest economy in nominal terms—are even starker: it falls to 69th by GDP per person, 75th at local prices and 97th after accounting for hours worked.”, The Economist, July 4, 2024

===================================================================

Which Countries Have the Highest Corporate Tax Rates in the G20?– In the wake of the 1999 Asian financial crisis, government representatives from the 20 largest economies in the world decided to informally gather to coordinate policy on trade. Thus began the G20. Together the bloc accounts for more than 85% of the world economy and has been credited with unified policy action in response to world events. However, despite this shared affiliation, this group is still made of fundamentally different economies with varied policies towards their business entities.”, Visual Capitalist, June 26, 2024

===================================================================

Top 10 most expensive cities for expats in 2024 – Hong Kong retained its pole position as the world’s most expensive city for expats in 2024, according to Mercer. Asia’s biggest financial hubs have once again clinched the top spots for being the costliest cities for international workers to live in, according to Mercer.  Hong Kong was ranked as the most expensive city for expats to live in, followed by Singapore and Zurich, according to the Cost of Living City Ranking 2024. Cities in Switzerland — Zurich, Geneva, Basel and Bern — snagged four out of 10 spots. New York City ranked No. 7. The top five spots had no change from the year before, but London climbed 9 positions from No. 17 to 8. The survey compared the costs of more than 200 items in each of the 226 cities studied — including the price of housing, transportation, food, clothing, household goods and entertainment. New York City was used as the benchmark and currency fluctuations were measured against the U.S. dollar.”, June 18, CNBC

===================================================================

Global Supply Chain, Energy, Commodities, Inflation, Taxes & Trade Issues

Dollar Dominance Monitor – The US dollar has served as the world’s leading reserve currency since World War II. Today, the dollar represents 58 percent of the value of foreign reserve holdings worldwide. The euro, the second-most-used currency, comprises only 20 percent of foreign reserve holdings. Over the past twenty-four months, the members of BRICS (a grouping of Brazil, Russia, India, China, and South Africa that recently added Egypt, Ethiopia, Iran, and the United Arab Emirates; Saudi Arabia is considering joining) have been actively promoting the use of national currencies in trade and transactions. During this same time, China has been expanding its alternative payment system to its trading partners and seeking to increase international usage of the renminbi. But in recent years, and especially since Russia’s invasion of Ukraine and the Group of Seven (G7)’s subsequent escalation in the use of financial sanctions, some countries have been signaling their intention to diversify away from dollars.”, Atlantic Council, July 7, 2024

===================================================================

Global & Regional Travel & Living

The world’s most liveable cities – Which city is the most liveable in the world? Hint: it’s the historic capital of the Babenberg dynasty and the birthplace of the snow globe. This week EIU (Economist Intelligence Unit), our sister company, crowned it the world’s most liveable city for a third consecutive year.  EIU’s index measures liveability using criteria like good schools, access to health care and so on. These are all relevant factors if you’re considering a move. But if you ask me, some important qualities of a city can’t be easily quantified. The general buzz and unpredictability can be what makes it exciting. “, The Economist (LinkedIn post), July 3, 2024

===================================================================

Dream of moving abroad? This Central American destination is the No. 1 country for expats – Panama was named the No. 1 country for expats out of 53 countries in this year’s report, which surveyed more than 12,500 people in February about how satisfied they feel with their lives in a foreign country. The InterNations report ranked 53 global countries across five indices: quality of life, ease of settling in, working abroad, personal finance and an “expat essentials” index, which covers housing, administration, language and digital life. These are the top 10 countries for expats to live and work abroad, according to InterNations data: Panama, Mexico, Indonesia, Spain, Colombia, Thailand, Brazil, Vietnam, Philippines and the United Arab Emirates. (The USA ranks 35th).”, CNBC Make It, July 4, 2024

===================================================================

Marriott International opens its 100th Sheraton Hotel in China – Marriott International is accelerating investment in China’s booming hospitality industry with the announcement of more than 40 new upper upscale hotels by the end of 2025. Sheraton Hotels & Resorts, part of Marriott Bonvoy’s global portfolio of more than 30 hotel brands, announced the opening of Sheraton Lanzhou Anning in Lanzhou, northwest China’s Gansu Province, on Monday, which marks the 100th Sheraton Hotel in China, where the brand made its market debut 50 years ago. Marriott International operates nearly 270 upper upscale hotels in China at present.”, Shine, July 3, 2024. Compliments of Paul Jones, Jones & Co., Toronto

===================================================================

New Pan Am Soars, Reviving The Golden Age Of Air Travel – Under new ownership, Pan American World Airways has announced the first in a series of planned themed journeys that harken back to its heyday. For decades, the Pan Am brand and its distinctive blue and white logo symbolized the excitement and elegance of air travel’s golden age. Even after the airline ceased operations in 1991, memories of its attentive service, gourmet meals, impeccably dressed crew, and spacious seating endure. Now, Pan Am is ready to take flight once more. Its inaugural journey will be a 12-day commemorative voyage limited to 50 guests. Craig Carter, CEO of Pan American World Airways and owner of Pan Am Brands, will host the trip, which will fly round-trip to Europe from New York City with stops in Bermuda, Lisbon, Marseille, London, and Foynes in Ireland.”, Forbes, July 7, 2024

===================================================================

Book Review – New Section

’No One Left: Why the World Needs More Children’ by Paul Morland – A population calamity is unfolding before our eyes. It started in parts of the developed world and is spreading to the four corners of the globe. There are just too few babies being born for humanity to replace itself. Leading demographer Paul Morland argues that the consequences of this promise to be calamitous. Labour shortages, pensions crises, ballooning debt: what is currently happening in South Korea – which faces population decline of more than 85% within just two generations – threatens to engulf us all, and sooner than we think. In the developed world we may be able temporarily to stave off the worst of its effects with immigration, but many countries, including those the immigrants come from, will get old before they get rich. ‘No One Left’ charts this future, explains its causes and suggests what might be done.”, Hachelle Australia, July 4, 2024

===================================================================

Country & Regional Updates

Canada

For the first time in more than 150 years, Alberta’s electricity is coal free – At 10:57 p.m. on Sunday, June 16, Alberta’s last coal plant went offline. An official announcement shortly followed, quietly signalling the end of coal-fired electricity in Alberta. Coal accounted for 80 per cent of Alberta’s electricity grid in the early 2000s and it still amounted to 60 per cent just 10 years ago. Rapidly growing, low-cost renewable energy further supported the phase-out, along with companies investing in gas-fired electricity. All these actions accelerated the transition away from coal at a faster rate than anticipated.”, The Globe and Mail, July 6, 2024

===================================================================

China

Decathlon, Lululemon and other sportswear brands accelerate store openings and adjust China store strategies – Sports fashion brands are considering opening larger stores or upgrading services as brand upgrading strategies. Since the beginning of this year, many sports and fashion brands such as Decathlon, lululemon, Zara, and Arc’teryx have opened large stores or upgraded store services, such as creating sports communities, in order to enhance user experience and improve brand positioning. On June 27, yoga wear brand Lululemon opened its first store in North China in Beijing Sanlitun Taikoo Li. The brand’s store in this business district was originally very small and located on the underground floor of the shopping mall. After the upgrade, it became a large street-side store covering three floors.”, Caixin, July 5, 2024. Compliments of Paul Jones, Jones & Co., Toronto

===================================================================

China’s Population Density Visualized Using a 3D Map– For seven decades, China’s population was the world’s largest until India took that particular crown in 2023. Still, 1.4 billion people live in the country that stretches across 3.7 million square miles (9.6 million km²). However, as seen in the map above, 94% of the Chinese population lives east of the Heihe-Tengchong line, which is only 43% of the country’s area. Here are all of China’s cities with at least one million residents, from the 2020 census. Clearly noticeable are the provinces they are found in—on the eastern edge of the country, matching the population spikes seen above.”, Visual Capitalist, July 3, 2024

===================================================================

Young, Rich and Restless in China – Economic conditions and draconian regulatory campaigns have led to record breaking levels of emigration. China is at the top of the list, having already seen an exodus of millionaires thanks to the COVID-19 pandemic and its economic discontents – not to mention President Xi Jinping’s anti-corruption campaign. All told, H&P estimates that China is set to lose some 15,200 of its most wealthy people this year, up from 13,800 the year before. (According to one estimate, there were in 2023 roughly 1.7 million people in China with personal wealth worth over 10 million yuan, or $1.4 million.) Importantly, young Chinese are starting to follow suit.”, Geopolitical Futures, June 28, 2024

===================================================================

Egypt

Cairo Inks $72.4 Billion in Agreements and MOUs at Egypt-EU Investment Conference – Following the expanded agreement between Cairo and the International Monetary Fund (IMF), in which Egypt has largely aligned with IMF recommendations, investor confidence in Egypt has increased and will continue to draw in similar agreements and MOUs. Gaining additional investment is essential for boosting private sector growth and expanding jobs in Egypt. The Egypt-EU Investment Conference follows a March 2024 agreement between the European Union and Egypt in which they agreed to a financing package worth 7.4 billion euros ($8.1 billion) between 2024 and 2027 to support Egypt’s economic reforms, boost energy exports from Egypt to Europe and curb irregular migration through Egypt.”, Worldview Stratfor, July 1, 2024

===================================================================

European Countries

Europeans feel the happiest and most respected in the worldWill the threat of an aging population change everything? When it comes to a life well-lived, there’s no beating Europe.  For years, its countries have ranked among the highest in many lifestyle metrics. In 2024 and for the six years prior, Finland has held the crown as world’s happiest country, according to the World Happiness Report. Its other European peers followed—such as Denmark, Iceland, and the Netherlands. There’s more—Europeans felt respected and well-rested at varying degrees, pointing to an overall higher living standard and stronger social networks around people, according to Gallup’s Global Emotions Report. That scale varied from country to country—for instance, 97% of Portuguese respondents said they felt respected, while that figure dropped to 58% in Romania. Meanwhile, 75% of those in Ireland felt well-rested compared to just 53% in Greece.”, Fortune, July 5, 2024

===================================================================

Crushing Debts Await Europe’s New Leaders – Planned largess by election winners in Britain and France is on a collision course with soaring debts and deficits. Public debt is close to multidecade highs on both sides of the English Channel, where voters this week were electing new parliaments. In both France and the U.K., government spending and budget deficits as a share of gross domestic product are significantly above prepandemic levels. Economic growth remains lackluster, borrowing costs have surged, and demands on the public purse are rising, from defense to old-age pensions. All that means fiscal restraint—less spending or higher taxes—will be necessary, economists say. But politicians haven’t prepared electorates for that. On the contrary, they have signaled bold new spending plans.”, The Wall Street Journal, July 7, 2024

===================================================================

Eurozone inflation slows to 2.5% – Lower rises in energy and fresh food costs are offset by persistently high services prices. Please use the sharing tools found via the share button at the top or side of articles. The figure for the year to June marked a slowdown from 2.6 per cent in the previous month. It was in line with economists’ forecast of 2.5 per cent in a Reuters poll. Please use the sharing tools found via the share button at the top or side of articles. Economists said the figures made it likely that the ECB would keep its benchmark deposit rate at 3.75 per cent at its next meeting on July 18 and further reductions in borrowing costs could hinge on how quickly services inflation comes down.”, The Financial Times, July 2, 2024

===================================================================

Greece

Greece starts six-day working week for some industries – New legislation, which came into effect at the start of July, allows employees to work up to 48 hours in a week as opposed to 40.  It only applies to businesses which operate on a 24-hour basis and is optional for workers, who get paid an extra 40% for the overtime they do. However, the move by the Greek government is at odds with workplace culture elsewhere in Europe and the US, where four-day working patterns are becoming more common.”, BBC, July 3, 2024

===================================================================

India

Accenture taps Indian talent to take on the Big Four in consulting – Amid a downturn in the sector, using highly qualified Indian staff for complex tech work allows the consultancy to cut its prices when pitching to clients. There was a time when companies outsourced only their simpler work to India, but now Accenture is using the growing number of people there with MBAs and PhDs to do its highest-level advisory work for British and European clients. The consultancy is turning to top-ranking workers in India so it can cut its prices when pitching to clients, especially for IT-based work. In some cases, where the firm is bidding to transform or upgrade companies’ IT systems, up to 95 per cent of the skilled consultancy teams are based in India.”, The Times of London, June 23, 2024

===================================================================

India’s big fat wedding industry is a US$130 billion gold mine for the economy – While many Indian weddings are elaborate affairs, there has been a notable shift in the scale of such ceremonies in recent years, according to industry observers. More couples are opting for intimate affairs that involve increased spending per guest. The sector is worth US$130 billion annually and is an immense driver of economic activity, according to a recent market report by the brokerage and investment research firm Jefferies. India holds more wedding ceremonies each year than any other country, with between 8 million and 10 million – or nearly 25 per cent of the global total. In comparison, about 2 million weddings and 8 million weddings take place annually in the United States and China, respectively. The value of India’s wedding industry is about twice that in the US, according to the report.”, The South Morning Post, July 6, 2024

===================================================================

Indonesia

Not enough jobs’: Indonesia’s 10 million Gen Z face looming unemployment crisis – With so many young Indonesians neither working nor studying, experts warn of a demographic challenges in the coming years……..according to a recently released report by Statistics Indonesia (BPS), unemployment among those aged 20 to 24 had been on the rise in recent years, climbing from 12.86 per cent in 2015 to 17.02 per cent in 2022. This figure is significantly higher than the country’s average unemployment rate, which in February 2023 stood at 5.45 per cent, meaning that unemployment is particularly high for the younger age bracket. Jakarta is hoping to reach the status of a developed country in the next two decades, under its “Golden Indonesia 2045” vision, and the government is counting on young people to drive economic growth.”, (Edited for length), The South Morning Post, July 5, 2024

===================================================================

The Philippines

Philippines overtakes China and Indonesia to be most dependent on coal-generated power – The Philippines’ dependency on coal-fired power surged 62% last year, overtaking China, Indonesia and Poland, according to London-based energy think-tank Ember. The Philippines was also the most coal-dependent country in Southeast Asia in 2023, as adoption of renewable electricity generation remained low. The share of electricity generated from coal in the country climbed to 61.9% last year compared to 59.1% in 2022. ‘Indonesia and the Philippines are the two most coal dependent countries in Southeast Asia and their reliance on coal is growing fast,’ the report said, adding that the Southeast Asian region saw a 2% uptick in coal reliance from 31% in 2022 to 33% last year.”, CNBC, July 3, 2024

===================================================================

South Korea

South Korea Hikes Growth Forecast Sharply as Demand for AI Booms – South Korea revised its economic growth forecast sharply higher as booming global demand for artificial intelligence drives its semiconductor exports to record levels. The government sees gross domestic product expanding 2.6% this year, an upward revision from its previous forecast of 2.2%, according to a statement Wednesday from the Finance Ministry. The inflation forecast has been kept unchanged at 2.6%, matching an estimate by the Bank of Korea. The pick-up in economic projections underscores optimism about an economy that has bounced back from last year’s slump in semiconductor demand even as interest rates have stayed elevated.”, Bloomberg, July 2, 2024

===================================================================

Turkey

Turkish inflation cools for first time in 8 months – Consumer prices increased 71.6 per cent in June from the same month in the previous year, a slower rate than expected and down from a nearly two-year high of 75.5 per cent in May, according to official data. The decline in inflation is one of the strongest signs to date that Turkey’s pivot away from unconventional monetary policy following President Recep Tayyip Erdoğan’s re-election in May last year is starting to bear fruit. The centrepiece of the new programme, which is slowly drawing back foreign investors who deserted the market in recent years, has been huge increases in borrowing costs. The central bank raised its main interest rate from 8.5 per cent in June last year to 50 per cent by March in an attempt to stomp out runaway price growth.”, The Financial Times, July 3, 2024

===================================================================

United Kingdom

U.K. tech overtakes China, cementing its position as the world’s second-largest ecosystem by funding – China may be the world’s second-largest economy, but when it comes to startup funding, the U.K. is punching above its weight. Startups in the U.K. raised $6.7 billion in funding during the first half of 2024, helping dethrone China and propelling the U.K. to second place globally for funds raised, according to a new report. While the overall U.K. figure was down 2% year on year, according to data from global market intelligence platform Tracxn, it remained more robust than that of China, whose funding sat at $6.1 billion in H1 2024, helping the U.K. move into the No. 2 spot globally.”, Fortune, July 5, 2024

===================================================================

United States

Empty Offices Risk Wiping Out $250 Billion in Commercial Property Value – US office vacancy rate is forecast to hit a peak of 24% by 2026. Nearly one-quarter of all US office space will be vacant by 2026 as working from home persists, slicing commercial-property values by as much as $250 billion, according to a report from Moody’s.  Office-vacancy rates are expected to rise to 24% from 19.8% in the first quarter of this year in the US, reducing revenue for office landlords by between $8 billion and $10 billion when combined with the impact of lower rents and lease turnovers, the authors of the report said.”, Bloomberg, June 27, 2024

===================================================================

American stocks are consuming global markets– That does not necessarily spell trouble.  America’s share of the world’s stockmarket capitalisation has climbed pretty consistently over the past decade and a half, and sharply this year. It now stands at 61%. That is astonishing dominance for a country which accounts for just over a quarter of global gdp. The extent of market concentration is all the more extreme given what is happening within the American stockmarket itself. Just three companies—Apple, Microsoft and Nvidia—make up a tenth of the market value of global stocks.”, The Economist, June 27, 2024

===================================================================

Brand & Franchising News

Leveraging AI in franchising: opportunities and legal considerations – In the context of franchising, AI presents opportunities to streamline operations, automate tasks and promote data-driven decision-making. The following are examples of several current and potential use cases of AI in franchising: Automation, Supply chain, Customer support and Personalized marketing. Franchisees are increasingly leveraging AI to tailor marketing strategies, optimize product assortments and create targeted promotions that would improve consumer conversion rates and bolster the bottom-line profitability of the franchise system.”, Osler law firm. July 5, 2024

===================================================================

63 years of progress distilled into one eye-opening video – What fascinated me was observing the constant churn. Brands rose, fell, and then completely disappeared over the decades, a harsh reality of how brutal the food industry can be.  But among this sea of change, a few exceptional companies thrived and fought their way to the top. That meteoric rise wasn’t pure luck – it was the result of a laser focus on quality, an uncanny ability to tap into evolving customer tastes, and treating their people as the cornerstone of their success.  Today, let’s recognise that an unwavering drive for excellence and a willingness to adapt can transform even the simplest ideas into enduring legacies.”, From a LinkedIn post by Akshay Jatia, with the video by Justin Fischer, July 2, 2024.

===================================================================

2024 AFDR Data – The Use of Social Media with (U.S.) Franchise Recruitment – Franchise Update Media has been researching franchise lead generation and franchisee recruitment processes for more than a decade. An annual in-depth online survey queries franchise development professionals about a number of issues related to their lead generation and recruitment strategies. All the responses are collected, aggregated, and analyzed to produce a detailed look into the recruitment and development practices, budgets, spending allocations, and strategies of a wide cross-section of franchisors. The results are presented each year in the Annual Franchise Development Report (AFDR), which can be ordered online at afdr.franchiseupdate.com. The 2024 AFDR report is a valuable resource that can provide crucial insights on franchise development lead generation and recruitment best practices. It’s the kind of information that can help brands assess what they are doing right, and what needs improvement.”, Franchising.com, July 8, 2024

===================================================================

Fast-Growing (Canadian) Burrito Chain Plans to Open 750 Restaurants In the U.S. – Burritobar, a Toronto-based Tex-Mex chain that offers classics like burritos, tacos, and bowls, just announced a franchise agreement with U.S. partners in New Jersey, planning for 93 new franchised restaurants across the state within the next two decades. The new agreement follows similar franchise plans in Michigan, Florida, Virginia, Maryland, Tennessee, Iowa, Nebraska, North Texas, Illinois, and Ohio, totaling 750 Burritobar restaurants planned for opening in the United States in the near future. Known as BarBurrito in Canada, the chain first opened in Toronto in 2015, quickly becoming a go-to for fast-casual Tex-Mex food across Canada. With 325 restaurants, the brand is Canada’s fastest-growing Mexican food franchise. In 2020, BarBurrito changed its name to Burritobar for its debut in the American market, with new franchise agreements opening two locations in Michigan and one in Delaware.”, Eat This, Not That!, July 5, 2024

===================================================================

National pizza chain based in the Northwest reportedly on brink of bankruptcy– A national fast-casual pizza chain is exploring a potential bankruptcy filing as the company looks for a buyer, according to several report…..people familiar with MOD Pizza say the Seattle chain with 512 locations across the country has hired legal and financial advisers to work on a possible sale of the business or bankruptcy filing. ‘We’re working diligently to improve our capital structure and are exploring all options to do so. Since this is an ongoing process, it would be inappropriate to speculate about an outcome,’ a MOD representative shared with Nation’s Restaurant News in a statement. MOD was founded in 2008 as part of a wave of build-your-own pizza places. It currently has 32 locations in Oregon.”, Oregon Live, July 6, 2024

===================================================================

Q&A with Little Caesars International Franchisee Leo Gonzalez – Was the process of acquiring a franchise in another country more difficult than in the United States?  No, it wasn’t more difficult to build a franchise in Mexico. It’s actually easier to find the space to build out new franchise locations and also more cost effective. Mexico has a lot more space to franchise with restaurants that are bigger in size. About 65% of our Little Caesars there are free-standing with drive-thrus. These tend to do well with our guests and provide the convenient dining experience the brand is known for at all hours of the day.”, Franchising.com, July 2024

===================================================================

Tim Hortons’ parent company inks two deals to bolster presence in China – Restaurant Brands International says it’s spending up to $45 million on two deals intended to boost its presence in China and spur growth in what the company sees as a promising market. The parent company behind Tim Hortons, Burger King, Popeyes Louisiana Kitchen and Firehouse Subs says the first deal will see it acquire Popeyes China from Tims China, which operates Tim Hortons franchises in the country. RBI values the purchase at $15 million, noting Popeyes China has opened 14 restaurants in Shanghai since initially launching in August 2023.”, CTV, July 2, 2024

===================================================================

To receive our biweekly newsletter in your email every other Tuesday, click here –  https://insider.edwardsglobal.com

Our Mission, Information Sources & Who We Are

Our biweekly global business update newsletter focuses on what is happening around the worldthat impacts new trends, health, consumer spending, business investment, the franchise sector, economic development, and travel. We daily monitor 30+ countries, 40+ international information sources and six business sectors to keep up with what is going on in this ever-changing business environment. And our GlobalTeam™ on the ground covering 25+ countries provide us with updates about what is actually happening in their specific countries.   We do not get involved in or report on politics!

William “Bill” Edwards: Global Advisor Is Uniquely Qualified to Steer Sr. Executives Successfully Through the Complex Waters of Going Global.  With four decades of successful international business experience spanning virtually every corner of the world and many business sectors, Bill Edwards understands the global business landscape like no other.  He has been a County Master Franchisee in five countries in Asia, Europe, and the Middle East; the Senior VP for a franchisor operating in 15 countries and a full-service consultant since 2001 taking 40+ franchisors global.

For a complimentary 30-minute consultation on how to take your business into new countries and make money doing it, click on the QR code for a complimentary call with Bill Edwards at bedwards@edwardsglobal.com or +1 949 224 3896.  

www.edwardsglobal.com

And download our latest chart ranking 40+ countries as places to do business at this link:

Our latest GlobalVue™ 40 country ranking

Comments are closed.

©2013 - 2024 GeoWizard Inc. All Rights Reserved.