Global Business Development

Currently Browsing: World Economy

Biweekly Global Business Newsletter Issue 131, Tuesday, April 1, 2025

Posted on Mar 30th, 2025 in Asia Pacific, Europe, India, Miscellaneous, Predictions and Trends, Professional Development, World Culture, World Economy | 0 comments

This image has an empty alt attribute; its file name is Edwards-2.jpg

Happiest Countries, Global Uncertainty and TGI Friday’s Is Back!

Commentary about the 131th Issue: This is one of our biggest newsletters to date as there is lots of ‘stuff’ going on around the world today! As we approach ‘T-Day” on April 2^nd (maybe) in the USA, other countries are pushing back against doing business with US companies and brands. America accounts for just 13 percent of global goods imports — down from close to 20 percent two decades ago. Global inflation is projected to drop from over 5% in 2024 to just over 3% by 2029. Walmart, the US’s 10th most valuable company is a full $300 billion more valuable than Tencent, China’s most valuable company. Chinese consumer confidence is up while consumer confidence tumbled this month partially due to concern about the impact tariffs will have on prices at stores. Going forward, it is predicted that economic growth will depend on electricity, not oil as the supply and price of electricity become as politically potent as that of gasoline. And several high tourist countries are putting ‘overtourism’ policies in place. Oh, and you can see the predictions for all 12 zodiac signs in the Year of the Snake!!!!!!

One More Thing: The “Opportunities don’t happen. You create them” quote in this issue by Chris Grosser is especially relevant for entrepreneurs and franchise leaders expanding into new international markets like the companies Edwards Global Services, Inc. helps Go Global successfully with their brands.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

But First……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.

PLEASE NOTE: Some of the information sources that we provide links to in our newsletter require a paid subscription to directly access them. Clicking on a link may not give the reader access to the content.

Edited and curated by: William (Bill) Edwards, CEO & Global Business Advisor, Edwards Global Services, Inc. (EGS), Irvine, California, USA. Contact Bill with questions, comments and contributions. Bedwards@edwardsglobal.com, +1 949 375 1896

https://www.linkedin.com/in/williamedwards/ +1 949 375 1896

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

“Tough times never last, but tough people do.”, Robert H. Schuller

“Believe you can and you’re halfway there.”, Theodore Roosevelt

“Opportunities don’t happen. You create them.”, Chris Grosser.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Highlights in issue #131:

McDonald’s passes Starbucks as the world’s most valuable restaurant brand

The World’s Happiest Countries Over Time (2019–2024)

Is Year of the Snake’s month 3 lucky for you?

Anti-American Sentiment Rises in Europe as Trump Fuels Anger

US Consumer Confidence tumbled again in March

Destinations Making Changes to Combat Overtourism

Brand Global News Section: Chagee®, Dave’s Hot Chicken®, Haidilao®, Off Burger®, McDonalds® and TGI Fridays®

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Interesting Data, Articles and Studies

“The World’s Happiest Countries Over Time (2019–2024) – The World Happiness Report is an annual publication that ranks global happiness based on life evaluations, social support, freedom, GDP per capita, and other well-being indicators, using data from the Gallup World Poll and additional sources. Finland and Denmark have been the world’s two happiest countries for six years in a row, respectively. Overall, Nordic countries have consistently been among the top 10, with Iceland and Sweden climbing up the rankings. Costa Rica has seen a steady climb from the 15th spot in 2019 to 6th in 2024. Meanwhile, Switzerland dropped from 3rd to 13th over the same period. Among the top 10, Mexico has seen the biggest jump from 25th in 2023 to number 10 in 2024. Israel has seen a turbulent shift in happiness rankings, rising from 14th in 2019 to 4th in 2022, before dropping to 8th in 2024. However, it remains among the happiest countries in the world.”, Visual Capitalist & World Happiness Report, March 28, 2025

Editor’s Note: Canada ranks 18^th, The United Kingdom 23^rd and the United States 24^th.

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

“Global Economics Intelligence executive summary – Geopolitical and trade uncertainty stayed elevated in February, with inflation back in focus as consumers and producers expect higher prices; industry sentiment is still positive despite slow growth. Trade policy is notably uncertain, with both the monthly Global Economic Policy Uncertainty Index and the Trade Policy Uncertainty Index spiking. Across economies, consumer confidence has dipped as inflation expectations have risen. The US consumer confidence index (Conference Board) declined in January to 104.1, from a revised 109.5 in December. In Brazil, consumer confidence has been lingering below the neutral 100 mark and fell to 86.2 in January (91.3 in December) to reach its lowest level since February 2023, with elevated borrowing costs a likely factor in denting confidence.”, McKinsey & Co., March 21, 2025

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

“10 Largest Companies in the U.S., Europe, and China – This chart ranks the 10 largest companies in the U.S., EU (including the UK), and China by their market capitalizations. Data is……current up to February 10th, 2025. The top nine American companies by market cap are all worth more than a trillion dollars. And the 10th largest—Walmart—is a full $300 billion more valuable than Tencent, China’s most valuable company.”, Visual Capitalist & Companiesmarketcap.com & Yahoo Finance, February 24, 2025

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

“Globalisation will triumph over Donald Trump – Economic incentives outweigh politics in the long run. Fear of a deglobalising world is high. With the global goods trade slowing and national security doctrine in vogue, many worry that Trump’s tariffs could be the straw that breaks globalisation’s back……….the importance of the US to global trade can be overstated, since it is the world’s largest economy. America accounts for just 13 per cent of global goods imports — down from close to one-fifth two decades ago. That makes it the largest importer and a notable influence on trade patterns, but not sufficient to reverse globalisation on its own. The US isn’t the main driver of global trade growth. Europe — and more recently China — are bigger contributors. ‘As the US retreats from the global stage, other governments will want to lean in to offset potential sales and import losses with new deals,’ said Scott Lincicome, a vice-president at the Cato Institute.”, The Financial Times, March 29, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

“Economic Growth Now Depends on Electricity, Not Oil – Americans have long equated energy security with oil. The country wanted as much as possible because of the havoc an interruption to supply—from wars, disasters and political convulsions—can cause. In coming years, though, energy security will mean electricity. Power demand, stagnant for decades, is now growing rapidly, for data centers to run artificial intelligence and other digital services and, in time, transportation and buildings. An economy dependent on electricity will be different from one dependent on oil. It will require mammoth investment in generation, distribution and transmission. It will challenge regulators and political leaders, as the supply and price of electricity become as politically potent as that of gasoline.”, The Wall Street Journal, March 29, 2025

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

“Solar installation swings with policy shifts – Regulatory changes significantly affect residential solar projects. Policy shifts, such as the addition or removal of compensation mechanisms like net-energy metering or feed-in tariffs, can cause dramatic year-over-year increases or decreases in the installation of residential solar projects in markets worldwide…..Significant policy changes can bring dramatic swings in year over year solar installation.”, McKinsey & Co., March 11, 2025

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

“Global inflation rate from 2000 to 2022, with forecasts until 2029 – Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021.”, Adapted from Statista, published by Aaron O’Neill, January 10, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Global & Regional Travel News

“Destinations Making Changes to Combat Overtourism – Overtourism is a big theme in the travel world, and it has been growing since the pandemic. Destinations that received large numbers of tourists enjoyed a well-deserved break from the congestion during lockdowns and travel bans. Then, they suddenly experienced large waves of tourists returning once the world reopened. Amsterdam is one of the significant destinations creating the most laws restricting or curbing overtourism in recent years. Barcelona hopes to ban short-term rentals by 2028. Alicante is banning new short-term rentals for the next two years. The Czech Republic cracked down on unregistered short-term vacation rentals in major cities like Prague in September 2024. Venice implemented a day trip tax for travelers who don’t stay the night during high-tourist days and later added a size limit for tour groups, so groups can only be 25 people maximum. Rome is also considering restricting access to the Trevi Fountain due to large crowds.”, Travel Pulse, March 21, 2025

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Book Review

“The Measure of Progress: Counting What Really Matters” by Diane Coyle, critically examines the adequacy of traditional economic metrics in capturing the complexities of today’s digital and global economy. Coyle argues that economic indicators developed in the mid-20th century, such as Gross Domestic Product (GDP), are outdated and insufficient for assessing contemporary economic realities. She contends that these metrics fail to account for factors like environmental sustainability, digital innovation, and intangible assets, which are increasingly central to economic progress. The book advocates for a new statistical framework that better reflects the current economic landscape.

In regard to doing global business, Coyle’s insights underscore the necessity of adopting more comprehensive and nuanced measures of economic performance. Relying solely on traditional metrics like GDP can lead to misinformed strategies and policies that overlook critical elements such as digital transformation, environmental impact, and social well-being. Embracing a broader set of indicators can enhance decision-making processes, promote sustainable practices, and provide a more accurate assessment of market potentials and risks.

Five Key Takeaways

Limitations of Traditional Metrics: Standard economic measures like GDP are inadequate for capturing the full scope of modern economic activities and challenges.

Need for a New Framework: There is a pressing need to develop and implement statistical frameworks that incorporate contemporary factors such as digital assets, environmental costs, and intangible values.

Importance of Comprehensive Data: Accurate and inclusive data collection is essential for understanding and responding to current economic dynamics effectively.

Policy Implications: Policymakers must recognize the shortcomings of existing economic indicators and work towards integrating more holistic measures to guide economic policies.

Adaptation to Modern Challenges: The evolving nature of the global economy, marked by digitalization and environmental concerns, necessitates a reevaluation of how progress is measured to ensure sustainable and equitable growth.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

The Accredited Franchise Supplier certification

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Country & Regional Updates

Argentina

“Argentines snap up foreign goods as Javier Milei strengthens peso – Chinese solar panels and Uruguayan butter arrive as president tackles inflation by easing import restrictions. Argentina’s peso has strengthened more in real terms than any other currency since December 2023. As Argentina recovered from a recession that depressed imports and Milei began opening up the protectionist economy, the country’s inbound trade surged 30 per cent in the past six months compared with the previous period on a seasonally adjusted basis, according to the national statistics agency. Italian pasta, Brazilian bread and Uruguayan butter have become increasingly visible on supermarket shelves after retailers almost doubled food imports in the first two months of 2025 from a year earlier. Solar-cell imports grew tenfold, while farmers quadrupled overseas tractor purchases.”, The Financial Times, March 22, 2025

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

Australia

“Industrial Relations Reforms Causing (Australian) Small Business Headaches – Australian businesses are feeling the squeeze from ongoing industrial relations (IR) changes, with new research revealing that nearly two-thirds of business owners believe the reforms have made running their business harder. The survey by Small Business Loans Australia, found that a large number of businesses have been negatively impacted by the government’s IR reforms. Wage increases, limits on fixed-term contracts, multi-employer bargaining, and changes designed to improve worker protections are damaging small businesses. 64 per cent of businesses say IR changes have made running their business harder. Minimum wage increases have had the most negative impact on more than a quarter of businesses. Half of large businesses are struggling with multi-employer bargaining. The most common pain point was the 2022 increase to the minimum wage, which saw pay packets rise by 5.2 per cent. More than a quarter (28 per cent) of business owners identified this change as a major burden.”, Business Builders, March 20, 2025

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

Canada

“Canada’s corrugated industry works to untangle from U.S. as tariffs loom – It can take less than 24 hours for a shipment of 3.5 tonne paper rolls to travel from a mill in Washington State to corrugated sheet manufacturer CanCorr in Surrey, B.C. But in the past two months, Baha Naemi, co-founder and managing partner of CanCorr, has paused orders from the U.S., instead waiting at least 10 days for the same shipment to arrive from Eastern Canada. Or even longer from Europe. It’s no secret that he’s losing money over the decision, but he says it’s worth it to send a message to his U.S. counterparts and smooth out any kinks in a changing supply chain. ‘We all agree that Canada needs to become self-reliant, whether it’s in the packaging industry or any other industry,’ Mr. Naemi said.”, The Globe and Mail, March 26, 2025

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

China

“Chinese Consumers Are More Confident and Willing to Spend, Survey Shows – Confidence among consumers in China’s large and midsize cities is returning and willingness to spend is increasing, with more people feeling financially better off and expecting higher incomes this year, a new survey shows, suggesting government stimulus measures that started in September are having an impact. However, while attitudes on income and spending have improved, more survey respondents said prices have been rising over the past few months and sentiment toward the property market remains weak….The survey was conducted during the first quarter among individuals aged 18 to 65 in first- and second-tier cities.”, Caixin Global, March 20, 2025

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

“Is Year of the Snake’s month 3 lucky for you? Predictions for all 12 zodiac signs – Work pressures increase for many Chinese zodiac signs in the third lunar month of the Year of the Snake, which starts on March 29, while budgeting and windfalls are common themes as well. Health seems stable for most signs, with a couple of outliers who must watch out for accidents and take preventive measures. Read on to discover feng shui master Andrew Kwan’s predictions about what your Chinese zodiac sign brings.” South China Morning Post, March 29, 2025

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

Europe

“Anti-American Sentiment Rises in Europe as Trump Fuels Anger – Trump’s threats to impose punitive tariffs on Europe, seize territories and pull military support in the region — including his handling of the war in Ukraine — have irked European consumers, fueling campaigns to boycott US products. There’s currently no country in Europe where more than half of the population has a positive attitude toward the US, according to a YouGov poll published March 4. Facebook groups urging the boycott of US goods have sprung up and amassed thousands of followers.”, Bloomberg, March 30, 2025

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

“Hold the Obituary: Europe Comes to Life as U.S. Stumbles – Germany’s defense buildup is one of several signs Europe might be shaking off stagnation. At the World Economic Forum in Davos two months ago, the mood around Europe was funereal. Its economy and markets had underperformed the U.S. for years. Now a newly inaugurated President Trump promised to sledgehammer Europe with tariffs while juicing U.S. growth with lower taxes, less regulation and cheaper energy. As usual, the Davos consensus got it wrong. Since then, the moods across the Atlantic have switched places. European stocks are up nicely, while the American market has had a correction (a 10% drop). On Wednesday, Federal Reserve officials revised their outlook for inflation up and for growth down. The dollar, which shot up after Trump was elected, has sunk.”, The Wall Street Journal, March 20, 2025

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

Germany

“Germany Weighs Down European Growth – Germany’s economic trajectory remains Europe’s central challenge. The euro area posted modest economic growth in the last quarter of 2024, with seasonally adjusted gross domestic product rising 0.2 percent from the previous quarter. The broader EU outpaced it slightly, growing by 0.4 percent. Employment also increased, up 0.1 percent in the euro area and 0.3 percent in the EU. Germany, however, remains a weak link. Its GDP contracted by 0.2 percent in the fourth quarter, reversing the 0.1 percent growth in the previous quarter. The primary driver was a sharp 2.2 percent drop in exports – the steepest decline since mid-2020.”, Geopolitical Futures, March 28, 2025

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

India

“US officials begin trade talks in Delhi as tariff deadline nears – A US delegation, led by Assistant Trade Representative for South and Central Asia Brendan Lynch, arrived in the city on Tuesday for the talks. ‘This visit reflects the United States’ continued commitment to advancing a productive and balanced trade relationship with India,’ a US Embassy statement said. The countries have been engaged in hectic negotiations since Trump came into office. Trump and Modi had set a target to more than double it to $500bn (£400bn). The two sides also committed to negotiating the first phase of a trade agreement by autumn 2025. India’s average tariffs of around 12% are also significantly higher than the US’s 2%.”, BBC News, March 25, 2025

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

Indonesia

“Indonesian Rupiah Tumbles to Lowest Since Asian Financial Crisis – The currency has slumped more than 3% this year, making it one of the worst performers in emerging markets. The rupiah’s weakening is mainly due to global uncertainties, including Donald Trump’s tariffs and a potentially more hawkish Federal Reserve…… Indonesia, one of the region’s favorite markets just a year ago, has quickly lost its appeal with global investors as concerns grow over the sustainability of the nation’s economic policies.”, Bloomberg, March 25, 2025

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

The Philippines

“Philippine Finance Chief Sees 7% Growth Despite Political Noise – The Philippine economy can grow as much as 7% this year, aided by interest-rate cuts that will support investment and consumption, according to Finance Secretary Ralph Recto who also brushed aside concerns over political stability. The Philippine currency has risen 1.6% in the past month, the best performance among Asia’s most-active currencies. The Philippines, one of Asia’s growth stars, could see its economic momentum slow amid elevated borrowing costs, sluggish stock market and mounting political risks.”, Bloomberg, March 18, 2025

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

United States

“US Consumer Confidence tumbled again in March – Consumers’ expectations for the future at a 12-year low. The Conference Board Consumer Confidence Index® fell by 7.2 points in March to 92.9 (1985=100). The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased 3.6 points to 134.5. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—dropped 9.6 points to 65.2, the lowest level in 12 years and well below the threshold of 80 that usually signals a recession ahead. The cutoff date for preliminary results was March 19, 2025. ‘Consumer confidence declined for a fourth consecutive month in March, falling below the relatively narrow range that had prevailed since 2022,’ said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board.”, The Conference Board, March 25, 2025

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Taking Brands Global Successfully For 5 Decades

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Global Brand & Franchise Sector News

McDonald’s passes Starbucks as the world’s most valuable restaurant brand – Chick-fil-A has jumped into the top 10 with a 43% increase in brand value, according to valuation consultancy Brand Finance. After a challenging 2024 that included four straight quarters of same-store sales declines, Starbucks is no longer the world’s most valuable restaurant brand, according to a new “Restaurants 25 2025” report from valuation consultancy Brand Finance. The coffee giant has ceded the top spot to McDonald’s, which experienced a 7% increase in value to $40.5 billion. It’s the first time McDonald’s has held the top spot since 2016.”, Nation’s Restaurant News, March 24, 2025

Editor’s Note: Here are the top 10 most valuable food & beverage brands in 2025: McDonald’s®, Starbucks®, KFC®, Subway®, Taco Bell®, Tim Horton’s®, Dominos®, Chick fil A®, Wendy’s® and Pizza Hut®.

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

‘Hot Chicken’ Is On The Menu With Dave’s Billion Dollar Buyout – Dave’s Hot Chicken has signed a deal with Roark Capital to sell its trendy fried chicken franchise to the Atlanta-based private equity firm for a cool $1 billion. Dave’s is a fast-casual restaurant chain with a colorful, artsy, graffiti aesthetic that started as a pop-up in Los Angeles in 2017 and has grown like wildfire (too soon?) with nearly 300 locations around the country and annual sales reaching $1 billion. Roark Capital, a private equity fund with $37 billion in assets under management, is no stranger to food and franchises, and owns iconic brands such as Dunkin’ Donuts, Baskin Robbins, Subway, Buffalo Wild Wings, Jimmy John’s, Jamba Juice, Auntie Anne’s Pretzels, Cinnabon, Moe’s Southwest Grill and Sonic (among others).”, Forbes, March 21, 2025

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

“Chinese tea chain Chagee reveals revenue surge in US IPO filing – Net revenue nearly tripled to US$1.71 billion in 2024, company says as it prepares for Nasdaq listing. Founded in 2017, Chagee is a premium tea brand. As of December 31, its network comprised 6,440 teahouses, including 6,284 in mainland China, the company said. Chagee’s net revenue jumped to 12.41 billion yuan (US$1.71 billion) in 2024, from 4.64 billion yuan a year ago. Net income increased 213 per cent to 2.51 billion yuan over the same period. The Chinese tea chain plans to use the offering’s proceeds to expand its network in China and abroad, along with other corporate purposes.”, South China Morning Post, March 25, 2025. Compliments of Paul Jones, Jones & Co., Toronto

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

“TGI Fridays CEO says the brand is ready to grow again post-bankruptcy – Ray Blanchette returned to the restaurant chain earlier this year and will help lead future growth, menu innovation and franchising. ‘Over the past decade, our business, and the category-at-large, has faced challenges,’ Blanchette said. ‘Yet, the essence of Fridays — our culture, values, and people — remains strong……With 391 locations across 41 countries, making the right strategic decisions to secure our brand’s future for me is more than a job — it’s a calling……… With TGI Fridays now operating under a debt-free structure, franchisees fully own and manage their locations, allowing them to focus on what matters most — delivering exceptional guest experiences.’”, Restaurant Dive, March 25, 2025

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

“Odd Burger halts US expansion plans over US Canada political tensions – The Ontario-based vegan burger restaurant said its U.S. development is being put on pause ‘given the global tariff uncertainty’. This is a swift turnaround from the burger chain’s U.S. expansion plan funded by a $2 million private placement announced two weeks ago. Instead, Odd Burger is planning to use the private investment funds to invest in its Canadian manufacturing and franchise operations. With U.S. tariffs on Canadian imports set to go into effect on April 2, Odd Burger stated that it wants to help Canadian companies transition from U.S.-based vegan products to Canadian companies selling plant-based products, like Odd Burger.”, Nation’s Restaurant News, March 24, 2025. Compliments of Paul Jones, Jones & Co., Toronto

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

“Haidilao’s core operating profit increased by 18 7 percent last year – It will strategically seek to acquire high-quality assets. On March 25, Haidilao released its 2024 financial report. It disclosed that the company’s revenue last year was 42.755 billion yuan, up 3.1% year-on-year; net profit was 4.700 billion yuan, up 4.6% year-on-year. The core operating profit was 6.230 billion yuan, up 18.7% year-on-year. By the end of 2024, Haidilao will operate 1,368 restaurants, including 1,332 self-operated restaurants in mainland China, 23 in Hong Kong, Macao and Taiwan, and 13 franchised restaurants. Haidilao maintains a relatively steady pace of expansion while continuing to adjust and optimize its stores. In 2024, Haidilao received a total of 415 million customers, with an average daily customer flow of over 1.1 million, an increase of 4.5% over the previous year, and an average turnover rate of 4.1 times per day.”, Caijing, March 25, 2025. Compliments of Paul Jones, Jones & Co., Toronto

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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+ companies global.

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

And download our latest chart ranking 40+ countries as places to do business, used by many companies for strategic planning, at this link:

Our latest GlobalVue™ 40 country ranking

For a complimentary 30-minute consultation on how to take your business into new countries and make money doing it. For a complimentary call with Bill Edwards click on the QR code or contact Bill at bedwards@edwardsglobal.com and +1 949 375 1896

www.edwardsglobal.com

Biweekly Global Business Newsletter Issue 130, Tuesday, March 18, 2025

Posted on Mar 17th, 2025 in Asia Pacific, Europe, India, Miscellaneous, Predictions and Trends, Professional Development, World Culture, World Economy | Comments Off

‘Tariff-ic Uncertainty’ Has Arrived, Global Growth To Slow

Commentary about the 130th Issue: To our readers: some issues are more positive than others. This issue highlights the upcoming impact of tariffs on our lives and on doing global business while addressing the uncertainty of what the tariffs will be, where they will be applied, when and by whom. As the Economist magazine says, “One thing is certain so far about Trumponomics: no one is sure where it is heading, with radically different possibilities.” Bloomberg says, “forecasting is maddeningly difficult because US policy is so inconsistent.” Tariffs could push Canada into a recession. The OECD says that “Global growth will slow this year and next, from 3.2 per cent last year to 3.1 per cent and 3 per cent in 2025 and 2026.” U.S. airlines expect higher costs from tariffs, supply chain disruptions, and weakened travel demand due to a slowing economy, leading to lower profit forecasts, stock declines, and cautious financial outlooks for 2025. And a little bit about NATO…….The University of Michigan’s consumer sentiment index fell to a preliminary reading of 57.9 in March, the third consecutive monthly drop and the lowest reading since November 2022.

One More Thing: Today “King Dollar: The Past and Future of the World’s Dominant Currency” by Paul Blustein is being published today and offers a very timely and insightful analysis of the U.S. dollar’s enduring supremacy in global finance. He examines historical and contemporary challenges to the dollar, including economic sanctions and emerging digital currencies, concluding that the dollar’s preeminence is likely to persist barring significant policy errors by the United States.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

https://www.linkedin.com/in/williamedwards/ +1 949 375 1896

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

“Your time is limited, don’t waste it living someone else’s life.” – Steve Jobs

“It always seems impossible until it’s done.” – Nelson Mandela

“If you want to achieve greatness, stop asking for permission.” – Anonymous

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Highlights in issue #130:

The Age of Data

The World’s Top 20 Economies by GDP Growth (2015-2025)

“(Canadian) Employers begin layoffs as Canada-U.S. trade war intensifies

Major U.S. airlines warn consumers aren’t spending

How to use AI as a ‘force multiplier’ to start a business

Maintaining Brand Identity While Adapting to International Markets

The Unicorn Boom Is Over, and Startups Are Getting Desperate

A Slowdown in Saudi Arabia Is Roiling the Consulting Market

Brand Global News Section: Crunch Fitness® and Gong Cha®

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Interesting Data, Articles and Studies

“The Age of Data – Data’s emergence as a resource more valuable than oil tells a story of how economics and technology changed in the last 50 years and converged with geopolitics and AI in a race for global power. Ever more essential by the day, data pulses through cables under our oceans and satellites over our skies. Visual Capitalist takes a deep dive into the age of data. It is a thoroughly modern irony that the world’s most abundant resource is now also its most critical asset. In the age of data, ever-increasing amounts of the resource are being generated, collected, traded, analyzed, and weaponized to make decisions that change the way we live, do business, and the very course of history. The ability to amass and manipulate data has compounded our control over the development of AI and the direction of geopolitics, placing data as a commodity squarely at the convergence of an increasingly frantic race between nations for global power.”, Visual Capitalist, March 11, 2025

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

“The World’s Top 20 Economies by GDP Growth (2015-2025) – This graphic ranks countries by their forecasted gross domestic product (GDP) in 2025, and visualizes their inflation-adjusted growth since 2015. The 2015 figure was calculated by reversing the effects of real GDP growth for every intervening year. All figures are in 2025 dollars. Data for this chart is sourced from the International Monetary Fund.”, Visual Capitalist and the International Monetary Fund, March 3, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

“The Evolution of NATO – New realities have forced new positions. For the past 75 years, NATO has been the de facto defender of Europe. Virtually every country on the Continent has its own armed forces, of course, and the alliance includes countries like the United States and Canada that are not, in fact, European. But when it comes to external threats against the whole, NATO has been the first and last name in collective defense. More explicitly, NATO was created as a U.S.-secured bulwark against the Soviet Union. Indeed, the entire alliance was arrayed against the threat from Moscow. So when the Soviet Union collapsed, NATO reconfigured itself as a broader cooperative security organization – only it did so without a common enemy, leaving its 32 members more or less independent to decide for themselves what is and is not a threat to their interests. This has pulled the alliance into multiple directions by nations, or blocs of nations, that disagree on what NATO’s role should be going forward. To be sure, many members still see Russia as the primary threat to their security. Others, however, believe the organization should shift its focus to places like the Arctic, the Middle East and the Asia-Pacific, where its members often share economic and political interests.”, Geopolitical Futures, March 14, 2025

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

“How to use AI as a ‘force multiplier’ to start a business – If you’re thinking of starting a new business and need advice on what to do, your first move should be turning to an artificial intelligence chatbot tool, like OpenAI’s ChatGPT or Anthropic’s Claude. That’s according to Steve Blank, who has written four books on the subject of entrepreneurship. He helped build eight different tech startups, of which he co-founded four, before retiring over two decades ago. His final startup, business software company Epiphany, sold to SSA Global Technologies for $329 million in 2005. Blank is currently an adjunct professor at Stanford University, where he teaches courses on innovation and his Lean Startup method. ‘AI [is] a force multiplier to everything you do,’ Blank tells CNBC Make It. ‘AI could help you figure out where to get outside, probably faster than anything else. If you have a business idea, [ask] something like ChatGPT: ‘I have Idea X, has anybody done it? Why hasn’t [it] worked? Where should I best do this?’””, CNBC Make It, March 17, 2025

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

“The Unicorn Boom Is Over, and Startups Are Getting Desperate – The billion-dollar startup bubble is deflating, and more than $1 trillion in value is locked up in companies with dwindling prospects. By the time the Covid-era tech boom crested in 2021, well over 1,000 venture capital-backed startups had reached valuations above $1 billion, including fake meat purveyor Impossible Foods Inc., home maintenance marketplace Thumbtack and online-class platform MasterClass. Then came a squeeze sparked by rising interest rates, a slowing initial public offering market and the feeling that any startup not focused on AI was yesterday’s news. In 2021 more than 354 companies received billion-dollar valuations, thus achieving unicorn status. Only six of them have since held IPOs, says Ilya Strebulaev, a professor at Stanford Graduate School of Business. Four others have gone public through SPACs, and another 10 have been acquired, several for less than $1 billion. Others, such as the indoor farming company Bowery Farming and AI health-care startup Forward Health, have gone under.”, Bloomberg, February 14, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

“Ten indicators explain what’s going on with America’s economy – One thing is certain so far about Trumponomics: no one is sure where it is heading, with radically different possibilities. Detractors point to all the disruption from tariffs. Supporters buy into Mr Trump’s pledge that he will bring about a new “golden age” for the American economy, fuelled by tax cuts and deregulation. One way of measuring all of this uncertainty is the Economic Policy Uncertainty index, devised by three American economists. The index tracks media coverage, tax policies and disagreements among economic forecasters. It spiked at the height of covid before falling below its long-term average under Mr Biden. Now it is once again soaring. Uncertainty can be a problem in and of itself, acting as an impediment for both businesses and consumers who face tough decisions. It is hard to commit to a large purchase or investment if the next few months, let alone the next few years, are so hard to predict.”, The Economist, March 14, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

“Tariff Anxiety and the Dilemma of Forecasting – Investors want clarity. Will the Trump administration stand up to the market? Tariffs on Mexico are off again, for another month; tariff uncertainty remains and it’s damaging. Paraphrasing FDR, there is an argument that we have nothing to fear from tariffs, save tariff fear itself. There are arguments that the cost might not be that high, but forecasting is maddeningly difficult because US policy is so inconsistent.”, Bloomberg, March 6, 2025

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

“Top 10 US deficits and surpluses – What the headlines miss: The US dollar is the world’s reserve currency, which means foreign governments and institutions hold large amounts of it. When they hold non-interest-bearing dollars (such as physical currency or certain reserve balances), it effectively serves as an interest-free loan to the United States. The US Treasury market is the largest, most liquid government bond market globally. Foreign entities don’t just sell the US goods – they turn around and invest those dollars into the US market, funding American innovation and growth. The US is a service-based economy, but the US trade deficits we currently hear about in the media are goods only. The US runs significant surpluses in services (think: tech, finance, entertainment, education) that aren’t reflected here. The dollar itself is the US’ greatest export. When other countries use USD for transactions, they’re effectively paying us for the privilege through seigniorage. US consumer benefits are enormous. Americans enjoy lower-priced goods that improve living standards across income levels.”, Voronoi, March 16, 2025

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

“The Top 10 Countries With the Biggest Trade Surplus – Fueled by an export boom, China’s trade surplus is the largest globally at $593.9 billion in 2023, skyrocketing from $33.7 billion in 20 years. Germany ranks in second, driven by exports of cars ($174 billion) and vehicle parts ($69.4 billion). The country’s top export destination was America, receiving 10% of its exports. Five of the world’s largest trade surpluses are in Europe, followed by two in Asia based on data from the World Bank as of March 4, 2025. In 2023, China’s trade surplus was greater than the next three countries combined, standing as the top trading partner to 60 countries globally. Since the pandemic, China’s merchandise exports have ballooned by $1 trillion, with the country increasingly exporting to Southeast Asian countries amid growing trade tensions with America and other nations. At a time of sluggish GDP growth and weak domestic demand, China has particularly focused on manufacturing as an engine of economic growth.”, Voronoi, March 16, 2025

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

“Donald Trump’s trade war will damage global growth, OECD warns – Forecasts downgraded for a dozen G20 economies and alarm sounded on ‘ratcheting up’ of trade barriers. Global growth will slow this year and next, from 3.2 per cent last year to 3.1 per cent and 3 per cent in 2025 and 2026 respectively, while inflation will be stickier than previously expected, the Paris-based OECD said in its interim outlook as it urged countries to avoid a “ratcheting up of retaliatory trade barriers”. GDP growth in the US will decelerate from 2.8 per cent last year to 2.2 per cent this year and 1.6 per cent in 2026, the OECD said. Higher trade barriers will contribute to persistent inflation, leading the Federal Reserve to keep interest rates unchanged until the middle of 2026, it predicted.”, The Financial Times, March 17, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Global, Regional & Country Travel

“Major U.S. airlines warn consumers aren’t spending – Three of the largest U.S. airlines have cut their revenue or earnings forecasts since Monday’s market close, with all citing weakening consumer demand. Why it matters: Indications are piling up, almost by the hour, that consumers — the engine of the U.S. economy — are losing their nerve amid tariff uncertainty and rising recession fears. Delta, Southwest and American all warned Monday night and Tuesday morning that their first-quarter results will disappoint.”, Axios, March 11, 2025

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

“Half of European buyers fear higher US travel costs – The poll of 115 corporate travel and procurement professionals found that 48 per cent thought that travel costs to the US would go up and 35 per cent said it would also become “more difficult” to travel to and from the US under the new Republican government. The survey also revealed a high level of familiarity (83 per cent) among buyers about the UK’s Electronic Travel Authorisation (ETA) system, which opened for applications from European travellers earlier this month, and the EU’s much-delayed ETIAS scheme – now scheduled for introduction in late 2026.”, BTN Europe, March 17, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Book Review

“King Dollar: The Past and Future of the World’s Dominant Currency” by Paul Blustein offers an insightful analysis of the U.S. dollar’s enduring supremacy in global finance. Despite recurring forecasts of its decline, Blustein argues that the dollar’s dominance remains resilient, attributing this to the lack of viable alternatives and the inherent strengths of the U.S. financial system. He examines historical and contemporary challenges to the dollar, including economic sanctions and emerging digital currencies, concluding that the dollar’s preeminence is likely to persist barring significant policy errors by the United States. This book is being published today, March 18, 2025

Five Major Takeaways from “King Dollar”:

1. Persistent Dominance: The U.S. dollar continues to hold a central position in global finance, with its dominance proving durable over time.

2. Geopolitical Leverage: The United States effectively utilizes the dollar’s global status to impose economic sanctions, thereby exerting geopolitical influence.

3. Challengers’ Limitations: Alternative currencies, including digital ones, currently lack the necessary infrastructure and trust to supplant the dollar’s role.

4. Responsibility of Dominance: The U.S. must exercise prudent policies to maintain the dollar’s status, as mismanagement could erode its global position.

5. Global Stability: The dollar’s supremacy contributes to international financial stability, serving as a reliable reserve currency and medium of exchange.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

The Accredited Franchise Supplier certification

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Country & Regional Updates

Argentina

“Argentina’s Milei Signs Decree To Clear the Way for a New IMF Deal – A new IMF deal would improve Argentina’s short- and medium-term economic and financial outlook in the face of limited international financial market access and negative foreign exchange reserves, and open the door to the lifting of capital controls. Argentina is seeking to secure a new IMF deal as it faces significant external financing requirements and limited access to international capital markets.”, RANE Worldview, March 13, 2025

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

Canada

“(Canadian) Employers begin layoffs as Canada-U.S. trade war intensifies – Multiple employers are laying off workers as the impact of the U.S.-Canada trade war seeps into the labour force, while other companies are scaling back their hiring plans because of the upheaval. Over the past three weeks, numerous businesses from furniture manufacturers to steel producers have announced layoffs to cope with the uncertainties brought about by U.S. tariffs on Canadian exports, and subsequently, Canada’s retaliatory tariffs on some American imports. The Canadian unemployment rate held steady at 6.6 per cent in February, but economists are cautioning that the unpredictability of U.S. President Donald Trump’s tariff actions could force businesses to cut costs. A recent report from TD Bank economists warned that a flare-up in “tit-for-tat” tariffs between the U.S. and Canada could push the Canadian economy into recession and cause the unemployment rate to spike by 2 per cent.”, The Globe and Mail, March 13, 2025

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

China

“China’s latest plan to boost consumption is ‘most comprehensive’ since 1970s – The 30-point strategy to drive up consumer spending tackles a slew of underlying issues, from low wages to the real estate crisis. From increasing workers’ incomes to improving the consumption environment, the policy strategy released on Sunday covers a slew of underlying issues that will need to be addressed if China is to shift its economy onto a consumption-driven growth model. The plan also included measures to stabilise the stock and property markets.”, The South China Morning Post, March 17, 2025

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

“How China’s slowing consumer spending is affecting the recovery of F&B firms – Analysts warn that targeted measures are needed to revive the industry, as companies like Nayuki and Xiabu Xiabu report losses and closures. Tepid consumer spending and escalating competition are weighing on the performance of China’s food and beverage (F&B) chains, with analysts warning that chances of a sustained recovery remain slim in the absence of policy support targeted at the sector. Mainland fresh drinks maker Nayuki is expecting an adjusted net loss of up to 970 million yuan (US$134 million) for 2024, compared with a profit of 20.9 million yuan the previous year, according to a filing to the Hong Kong stock exchange this week. Hotpot restaurant chain Xiabu Xiabu said in a filing to the Hong Kong exchange this week that it could record a 20 per cent decline in revenue to about 4.8 billion yuan for 2024, alongside a net loss of up to 410 million yuan. It specifically noted that a consumption downgrade continues to put pressure on its mid-to-high-end brand, Coucou.”, The South China Morning Post, March 14, 2025

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

Egypt

“Easing food inflation brings relief for struggling Egyptians – Cost of essentials has stabilised, bringing joy at Ramadan, but subsidy cuts loom on fuel and electricity. Inflation fell dramatically in February to 12.8 per cent, down by half compared to the previous month. Though it remains high, it is a far cry from the all-time peak of 38 per cent recorded in September 2023. Shortages in food supplies have also eased. However, Egyptians remain wary about the future with further austerity measures on the horizon. Other essential goods have also seen significant price drops in recent weeks. Rice, which peaked at 32 Egyptian pounds per kilo last Ramadan, is now selling at 16 pounds.”, The National News, March 17, 2025

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

Latin America and The Caribbean

“Trade Trends in Latin America and the Caribbean – Argentina experienced an 18.1 percent increase over the previous year, due in part to economic reforms. Since taking office in 2023, President Javier Milei has introduced significant changes meant to revitalize the economy by deregulating certain sectors, cutting subsidies, privatizing state companies and relaxing labor laws. Guyana saw the biggest bump in exports (59.6 percent), driven by rising oil output. In Peru, the rising global demand for minerals, which the country produces in abundance, helped propel 15.8 percent growth in exports. Meanwhile, Venezuela’s recovering oil sector drove an 18.7 percent rise in exports. Nicaragua’s exports declined by 73.3 percent, amid growing U.S. economic pressure over human rights concerns. The United States remained the region’s top trade partner, while countries that have strained relations with Washington (including Nicaragua, Suriname and Bolivia) saw declining exports.”, Geopolitical Futures, March 7, 2025

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

Mexico

“Rising Threats to Nearshoring in the Americas – Trump administration policies will create new challenges for nearshoring manufacturing closer to the United States, but a reversal that substantially damages major manufacturing countries’ attractiveness for nearshoring is unlikely. In 2023, Mexico surpassed China as the top exporter to the United States for the first time in decades, a position Mexico held for the second year in a row in 2024. Canada, for its part, is the largest recipient of U.S. exports (though China exports a larger amount to the United States), illustrating the deep interconnectivity of North American supply chains and, amid broader shifts in global trade, pointing to an ongoing uptick in manufacturing in parts of the Western Hemisphere to supply the U.S. market. Multiple factors have driven nearshoring closer to the United States, including rising manufacturing costs in Asia (especially China), the growing attractiveness of operations in the Americas (especially Mexico), and Washington’s expanding push for more resilient and secure supply chains.”, RANE Worldview, March 11, 2025

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

Saudi Arabia

“A Slowdown in Saudi Arabia Is Roiling the Consulting Market – For years, Saudi Arabia has leaned on advisory firms to drive an expensive overhaul of its economy. But the kingdom’s once insatiable appetite for foreign consultants is dimming, adding pressure on an industry already buffeted by pressures worldwide. While the country remains one of the biggest markets for consultants in the world, the pace of contract awards has started to slow, according to people familiar with the matter. It’s also led to some firms moving staffers to other locations, including Doha, one of the people said, declining to be identified as the information is private. The government relies on the global network and expertise of major consulting firms to execute on mega projects and initiatives under the Vision 2030 strategy, according to Access KSA, a Saudi Arabia-based business adviser that works to bring foreign companies and investment to the country.”, Bloomberg, March 14, 2025

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

United States

“US consumer sentiment tumbles as long-term inflation expectations hit 32-year high – Worse than expected data comes days ahead of Federal Reserve’s next meeting on interest rates. The University of Michigan’s consumer sentiment index fell to a preliminary reading of 57.9 in March, the third consecutive monthly drop and the lowest reading since November 2022. Economists expected a smaller fall to 63.1 from 64.7 in February. Inflation expectations one year ahead jumped to 4.9 per cent, their highest level since November 2022. Longer-term inflation expectations leapt to 3.9 per cent from 3.5 per cent, bringing them to their highest level since 1993, according to Bloomberg data. ‘The drumbeat of bad news around the stock market and lay-offs among federal workers is clearly not sitting well with consumers,’ said Ryan Sweet, chief US economist at Oxford Economics. Unemployment fears among consumers polled by the University of Michigan also surged to levels last seen in the 2008 financial crisis.”, The Financial Times, March 14, 2025

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

Vietnam

“US Tells Vietnam to Improve Trade Balance Amid Tariff Risks – The US ran a $123.5 billion trade deficit with Vietnam in 2024, according to the Office of the USTR. The trade deficit is the third highest gap for the US, behind China and Mexico. Some of it comes down to re-routing, with Chinese companies setting up shop elsewhere to skirt tariffs. Vietnam overtook Japan as China’s third-largest export destination for the first time in 2024, putting the country at the forefront of the economic conflict between the two superpowers.”, Bloomberg, March 13, 2025

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Taking Brands Global Successfully For 5 Decades

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Global Franchise Sector Update

“Gong Cha: Bubble tea chain plans huge UK expansion and 2,000 new jobs – Bubble tea chain Gong Cha has revealed plans to open more than 225 stores across the UK and create nearly 2,000 jobs after signing a franchise agreement with a Costa Coffee giant. The London-headquartered business, which was founded in Taiwan in 2006, said the deal with Jinziex forms part of its wider strategy to reach 10,000 locations across the world by 2032. Jinziex is a new company led by Diljit Brar, CEO of Goldex; Azha Rehman, founder and CEO of Kaspa’s Desserts; and Steve Falle, managing director of WY&SF Ltd. Gong Cha currently operates more than 2,100 locations across 28 countries. In the UK, Gong Cha currently runs 13 stores.”, City AM, March 14, 2025

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

“What Franchisors and Franchisees Need to Know About the New Tariffs – A set of new U.S. tariffs took effect on March 4, imposing a 25 percent tariff on imports from Canada and Mexico and a 10 percent tariff on imports from China. Energy imports from Canada face a reduced 10 percent tariff. These tariffs, implemented by President Donald Trump under the International Emergency Economic Powers Act (IEEPA), were justified on grounds of illegal immigration and fentanyl trafficking. Earlier in February, the U.S. also expanded Section 232 tariffs on steel and aluminum, increasing tariffs on aluminum imports from 10 to 25 percent, effective March 12. In response, Mexico, China, and Canada have imposed retaliatory tariffs on U.S. goods, further complicating trade relations. A day after the March 4, IIEPA tariffs went into effect, dissatisfied U.S. automakers put pressure on President Trump, who then temporarily granted a one-month exemption on auto tariffs on Mexico and Canada. President Trump also suspended tariffs on all imports that are compliant with the United States-Mexico-Canada Agreement (USMCA) until April 2. There are several different ways these tariffs impact franchising……..”, Franchising.com, March 2025. An article by Joyce Mazero and Josh Goldberg, Polsinelli.

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

“Maintaining Brand Identity While Adapting to International Markets – Expanding a franchise internationally is an exciting opportunity, but it comes with significant challenges. The key to success lies in maintaining your brand identity while being flexible enough to adapt to local markets, and to know which markets are a good fit for your brand. Having developed in 52 countries and visited 132 for consideration, I’ve seen firsthand how brands can thrive, or fail, when entering new territories. Before franchise brands go global there are some critical boxes to be checked.:, Franchising.com, March 17, 2025. This is an article by Hair Parra, the SVP of international operations and development with Captain D’s.

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

“Crunch Fitness Announces Major Franchise Expansion into India, Marking South Asian Physical Location Debut – Crunch Fitness, a globally-recognized high-value, multi-amenity gym franchise, today announced the signing of a Master Franchise Agreement for India – a development which will bring a minimum of 75 Crunch Fitness brick-and-mortar gyms to the country in the coming years. The new development marks the brand’s continued international expansion into South Asia alongside Crunch+, the company’s extensive fitness offering, which has been available online for years to Indian consumers. The Indian development will be led by Nikhil Kakkar, former COO of Gold’s Gym India, and business partner Dr. Umesh Kansal, M.D., CEO of several well-established companies in the fitness industry, financial services and global apparel business.”, PR Newswire, February 26, 2025Franchising.com, March 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Our Mission, Information Sources & Who We Are

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

And download our latest chart ranking 40+ countries as places to do business, used by many companies for strategic planning, at this link:

Our latest GlobalVue™ 40 country ranking

www.edwardsglobal.com

Biweekly Global Business Newsletter Issue 129, Tuesday, March 4, 2025

Posted on Mar 4th, 2025 in Asia Pacific, Europe, India, Miscellaneous, Predictions and Trends, Professional Development, World Culture, World Economy | Comments Off

The Impact Of Trade Imbalances And The Resulting Broad Tariffs

Commentary about the 129th Issue: Much of this issue is about tariffs being put on a wide range of products first by the USA and then by its trading partners We also look at the massive trade imbalance between what the USA exports and what its main trading partners import from the USA. AI infrastructure spending continues to rocket up. A look at shipbuilding which also have a massive difference between the USA and other countries and what this means to global trade. Which countries are the most corrupt and which are not. And advice on doing business in the Middle East during Ramadan. McDonalds® is no longer the largest fast food chain in the world!!

One More Thing: The price of eggs in the USA and how restaurants are adapting to what appear to be increasing food prices…….again. Even Turkey is involved in supplying eggs to the USA.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

https://www.linkedin.com/in/williamedwards/ +1 949 375 1896

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

“Most people, companies, and teams fail because they do the wrong thing, they fail because they did the right thing for too long.”, Rajeev Kapur

“Whether you think you can, or think you can’t – you’re right.”, Henry Ford

“Difficulties mastered are opportunities won.”, Winston Churchill

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Highlights in issue #129:

China and Canada Hit Back as Trump’s Tariffs Kick In

The True Cost of U.S. Tariffs on Canada

Navigating Tariffs and Trade Uncertainty: South Korea’s Next Moves

The Chicken and The Egg Headlines

Forget McDonalds This Chinese Fast Food Chain Is Now the World’s Biggest.

Navigating Gulf Business during the Holy Month

Which Countries Are The Most Corrupt?

Brand Global News Section: Mixue®, McDonalds®

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Interesting Data, Articles and Studies

“Why AI Spending Isn’t Slowing Down – Soaring demand for reasoning models will consume electricity, microchips and data-center real estate for the foreseeable future. Despite a brief period of investor doubt, money is pouring into artificial intelligence from big tech companies, national governments and venture capitalists at unprecedented levels. The technology is shifting away from conventional large language models and toward reasoning models and AI agents. Owing to their enhanced capabilities, these reasoning systems will likely soon become the default way that people use AI for many tasks.”, The Wall Street Journal, February 21, 2025

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

“Which Countries Are The Most Corrupt? The Corruption Perceptions Index (CPI) of 180 countries and territories. The CPI ranks countries and territories worldwide by their perceived levels of public sector corruption. Data is for 2024 and comes from Transparency International. CPI scores are calculated through a combination of at least 3 data sources drawn from 13 different corruption surveys and assessments, answered by experts and business executives. Sub-Saharan Africa had the lowest regional CPI score in 2024, with an average of 33. South Sudan had the lowest CPI score out of all countries surveyed, followed by Somalia which had a CPI score of 9. Nordic countries ranked the highest, with Denmark coming in first–for the seventh year in a row–with a score of 90, followed by Finland at 88.”, Visual Capitalist & Transparency International, March 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

“In Shipbuilding, the U.S. Is Tiny and Rusty – Asian shipyards churn out hundreds of big boxships and oil tankers a year. The U.S. is lucky if it can finish more than one each year. It has been that way for decades. Few major American shipyards remain and they now mostly build or repair vessels for the U.S. Navy. Those that do produce new commercial ships mostly make small vessels for U.S. companies operating on domestic routes, not the giant containerships and ocean vessels that underpin global trade. hina now dominates the shipbuilding industry, accounting for more than half of world tonnage in 2023 and 74% of orders for new ships last year. The biggest shipping lines, such as MSC, Maersk and CMA CGM, now rely on hundreds of Chinese built ships to move goods around the world.”, The Wall Street Journal, March 2, 2025

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

“The Countries Driving America’s $1.2 Trillion Trade Deficit in Goods – Growing gaps with Mexico and Vietnam add to the biggest imbalance the U.S. faces—with China. The U.S. had a record $1.2 trillion goods trade deficit in 2024, driven by its largest trading partners. The U.S. runs goods trade deficits with most European countries, with the exceptions including the Netherlands and the U.K. The goods deficit with India has doubled since the first year of Donald Trump’s first term. The U.S. imported $1.2 trillion more in goods in 2024 than it exported, a record annual deficit and a major economic irritant for President Trump. On Feb. 13, the president announced that his administration would evaluate tariffs and other trade barriers imposed on U.S. exports by other nations and match them with “reciprocal” tariffs. Those deficits were mitigated only slightly by surpluses the U.S. had in 2024 with Hong Kong, Australia and Singapore.”, The Wall Street Journal, March 1, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

“China and Canada Hit Back as Trump’s Tariffs Kick In – China hit back as Donald Trump’s new tariffs came into effect. It imposed levies of up to 15% on American agricultural goods and banned exports to some defense companies, escalating a trade warbetween the world’s two largest economies. Canada also retaliated, putting tariffs on $107 billion of US products. The first stage is 25% tariffs on about C$30 billion ($20.6 billion) worth of goods from US exporters, and will go into effect at 12:01 a.m. New York time unless the US drops its tariffs, Trudeau said. A second round of tariffs at the same rate will be placed on C$125 billion of products in three weeks — a list that will include big-ticket items like cars, trucks, steel and aluminum.”, Bloomberg, March 4, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Global, Regional & Country Travel

“(U.S.) Federal government layoffs affect official and leisure travel – Travel advisors are feeling the impact as mass layoffs of the federal workforce chill travel plans for current and former employees and government contractors. The Trump administration’s Department of Government Efficiency (DOGE), formed in January, initiated a sweeping campaign to streamline the federal government and slash spending, which has included eliminating thousands of jobs. Further, a Feb. 27 executive order took aim at federal employee travel, directing government agencies to prohibit travel without written and approved justification for the trip. The directive also requires that federal agencies, with assistance from DOGE, build a system that records approval for federally funded travel for conferences and other nonessential purposes.”, Travel Weekly, March 3, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Book Review

I
A Brief History of Intelligence: Evolution, AI, and the Five Breakthroughs That Made Our Brains by Max S. Bennett provides valuable insights for business leaders, particularly in decision-making, innovation, and AI adoption.

This book helps business leaders better understand AI, adaptability, and decision-making, offering valuable perspectives for navigating the future of business and technology. Here’s how the book impacts business strategy:

Understanding Intelligence & Adaptation – Just as intelligence evolved through key breakthroughs, businesses must adapt and evolve in response to changing markets, technology, and consumer behavior. Companies that fail to innovate risk becoming obsolete.

AI & Business Strategy – The book highlights how human intelligence shaped AI. Business leaders can better integrate AI into operations, ensuring human-AI collaboration rather than just automation.

Data-Driven Decision Making – Mental simulation and learning from past experiences mirror predictive analytics in business. Understanding how intelligence evolved helps leaders make more strategic, forward-thinking decisions.

Social Cognition & Leadership – Business success depends on team dynamics, collaboration, and emotional intelligence—all crucial aspects of human intelligence that AI has yet to master.

Communication & Market Influence – Language shaped human progress; in business, effective communication, storytelling, and brand messaging are critical for market leadership.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

The Accredited Franchise Supplier certification

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Country & Regional Updates

Canada

“The True Cost of U.S. Tariffs on Canada – The Canada-U.S. trading relationship is at an inflection point, and how we meet this moment will affect North American economic security and competitiveness for decades to come. By trading essential goods at competitive prices, Canada and the United States make life more affordable for millions of people in both countries. But tariffs threaten this mutually beneficial partnership. While they’ll hit Canadian exporters hardest, the true cost will be felt far more widely, including by U.S. companies, workers and consumers. In a trade war, there are no winners. Potential tariffs on Canadian exports could take effect as early as March 4, including 25% on goods and 10% on energy.”, Advocacy – CalChamber, February 25, 2025

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

China

“Holiday Spending Gives Chinese Consumption a Needed Boost – The average daily sales of the country’s consumption industries grew by 10.8% compared with last year’s holiday, according to the State Taxation Administration, based on value-added tax data. Consumption of goods rose 9.9% and services 12.3%. Wu Chaoming, chief economist at Hunan province-based investment firm Chasing Financial, attributed the growth to consumer preferences for activities that bring joy and emotional value, as well as local governments’ efforts to stimulate spending through vouchers for tourism, dining and movies. Despite the holiday-driven rebound, there are signs that many Chinese consumers remain reluctant to splurge, suggesting the recovery may be short-lived.”, Caixing Global, February 21, 2025

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

“Chinese Carmakers Expand Into Growing Central Asian Markets – Chinese automakers are pushing deeper into Central Asian markets through exports and manufacturing localization after Russia’s crackdown on a lucrative loophole that allowed re-exports of vehicles through Eurasian Economic Union (EAEU) member states. Last year, China-made cars accounted for 39% of the 205,111 vehicles sold in Kazakhstan, the region’s largest economy. That’s up from 10% in 2021, according to a recent report by Kazinform News Agency. Market observers attributed the growing popularity of Chinese car brands to their lower prices, product diversification and promotions by local dealerships, the report said.’, Caixing Global, February 20, 2025

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

The Middle East

“Ramadan Etiquette for Westerners: Navigating Gulf Business during the Holy Month – As Ramadan approaches, Western professionals engaging in business in the Gulf region must adapt their practices to align with this sacred month of reflection, community, and tradition. Understanding and respecting Ramadan etiquette is crucial for maintaining strong relationships and demonstrating cultural sensitivity. Let’s explore how Ramadan influences business in the Gulf and provide essential tips for navigating this period with respect and success.”, Star Kat, February 23, 2025. Compliments of Corina Goetz.

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

South Korea

“Navigating Tariffs and Trade Uncertainty: South Korea’s Next Moves – As U.S. tariff threats mount, South Korea’s key industries brace for impact, navigating shifting trade policies and economic uncertainty, writes Don Southerton. When examining trade between nations, 2025 is particularly worrisome. Recent concerns are widespread. Specifically, the Trump administration’s threats of tariffs against countries like South Korea emphasize that there will be no exceptions, even with a Free Trade Agreement revised under Trump 1.0. Newly appointed President Trump announced that he will introduce a 25% tariff on autos, pharmaceuticals, and semiconductor chips. More immediately, levies on automobiles could be coming as soon as April 2.”, Branding In Asia, March 3, 2025

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

Turkey

“Major Egg Shipper Turkey to Tax Exports as US Snaps Up Supply – Turkey — one of the world’s biggest egg shippers — introduced a tax on exports to help control domestic prices, as bird flu outbreaks squeeze supply on the global market. Exporters will pay the lira equivalent of $0.50 per kilogram under the new measure, effective from Wednesday, according to a Trade Ministry statement earlier this week. It cited expectations of further demand growth abroad and the need to protect “consumer welfare” during the Muslim holy month of Ramadan, which begins on March 1. Bloomberg, February 27, 2025

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

“Turkey Set to Exit Recession Just as Rate Cuts Add Economic Push – Lower borrowing costs seen helping growth accelerate in 2025. Rates were cut to 45% from 50% across two policy meetings as inflation continued to trend lower from a high of 75% last year — but it remains significantly above the official target. In January, consumer prices rose 42% year-on-year, reflecting slower disinflation than expected and hinting at the challenge ahead for policymakers.” Bloomberg, February 27, 2025

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

United States

“US GDP Held Steady While Inflation Marked Higher at End of 2024 – Economy grew at an unrevised 2.3% pace, fueled by consumers. Core PCE price index rose 2.7%, up from 2.5% in prior estimate. The report showcases an economy that continued to expand at a solid pace on the shoulders of resilient consumer spending. While elevated interest rates and a higher cost of living are taking a bigger toll on lower-income households, many Americans are benefiting from healthy pay growth and hiring.”, Bloomberg, February 27, 2925

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

“The Chicken and The Egg Headlines – Egg prices rose more than 15% from December to January. If memory serves, it was the price of a whole chicken that rose some 14.8% from ’22 to ’23. Who knew chicken-laying hens and broiler chickens could command such attention? For context, the current egg shortage is due to the bird flu disproportionately impacting some 75% of losses among egg-laying hens versus 9% of losses with broilers. But God bless the restaurants. They continue to work hard to find new efficiencies, economies of scale, speed of service and menu innovations. They flash the open sign, welcome our cash-strapped communities through the door and drive-thru, deliver service with a smile, and repeat it day after day. They also do everything within their power to not raise prices. In fact, the last thing they want to do is make it easy for customers to stay away.”, From an article on LinkedIn by Monica Feid, February 26, 2025

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

“Business – American consumer confidence fell sharply in February, in part because of expectations that inflation will rise over the coming months and increasing pessimism about the economy. The data suggest that Donald Trump’s trade war and his imposition of tariffs on even friendly trading partners is starting to worry consumers.”, The Economist, February 27, 2025

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Taking Brands Global Successfully For 5 Decades

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Brand & Franchising News

“Trade war could see American franchises replaced by Canadian versions – The expansion of a U.S. franchise brand into Canada has typically been met with fanfare. Given the size of the U.S. market and Canada’s close proximity to the border, Canadians have always had visibility into which chains are the most exciting. Canadian franchisees will soon find that U.S. franchises are an increasingly expensive proposition. The combination of a high exchange rate and new tariffs will make U.S. franchise brands less attractive, forcing Canadian entrepreneurs to look domestically for opportunities. In response, Canadian franchise brands have a chance to expand, capturing a larger share of the domestic market and offering business owners a more viable path to success.”, The Globe & Mail, March 2, 2025

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

“Forget McDonalds This Chinese Fast Food Chain Is Now the World’s Biggest. Mixue lures cost-conscious customers with ice cream and drinks under $1 during China’s economic slump. Mixue is found across Asia and Australia and ended last year with 45,000 stores. Mixue is found across Asia and Australia and ended last year with 45,000 stores. It sells ice cream and sugary drinks for under $1. Its mascot looks like the love child of Frosty the Snowman and the Michelin Man. And its stores relentlessly blare a jingle set to the tune of ‘Oh! Susanna.’ This recipe helped Mixue Ice Cream and Tea become the world’s biggest food-and-beverage chain by number of locations, topping McDonald’s and Starbucks. Mixue was founded in 1997 by Zhang Hongchao, who opened a store selling shaved ice in Henan, a Chinese heartland province. Its blistering expansion can be explained by the simplicity of its bright red stores, often stalls wedged next to phone-repair kiosks or dumpling shops.”, The Wall Street Journal, March 3, 2025. Compliments of Paul Jones, Jones & Co., Toronto

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

“McDonald’s Resists Extra Egg Charge, Offers $1 McMuffin Deal – Not only is McDonald’s Corp. saying it will spare customers an egg surcharge, it will also launch a one-day offer on the McMuffin sandwich for just $1. The discount celebrates 50 years of breakfast menu items, and arrives as an avian flu crisis pushes US egg prices to record highs. ‘Unlike others making news recently, you definitely won’t see McDonald’s USA issuing surcharges on eggs,’ the company’s North American Chief Impact Officer Michael Gonda said in a post on LinkedIn. The Egg McMuffin promotion provides some relief for budget-conscious Americans squeezed by an ongoing egg shortage. Bloomberg, February 25, 2025

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

“Franchisors Say Labor Challenges Have Wide-Ranging Impacts – In a survey conducted by the International Franchise Association, in partnership with Frandata, a combined 37 percent listed the quality and cost of labor as the primary challenge. Of that amount, 26 percent cited the quality of labor and 13 percent said it was the cost. It marks a reverse from 2024 when more franchisors saw a problem in the cost of labor than quality. The annual survey included responses from 171 senior executive franchisors and franchise portfolio companies that own 229 brands, representing 96,000 locations. The study was conducted from January 8-17 and had franchisors with unit counts ranging from 10 to more than 9,500. Across all of those sectors, 70 percent of the franchisors said their franchisees had unfilled job vacancies. The most challenging aspect, per 48 percent surveyed, is the pool of qualified candidates. Leadership at health and fitness brands said they’ve been particularly impacted, with 55 percent reporting it as the most significant challenge.”, Franchise Times, February 28, 2025

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

“A New Pipeline: MUMBO is the word – Multi-unit operators and especially multi-unit, multi-brand operators (MUMBOs) can be crucial for the rapid expansion of your system. These operators possess the infrastructure and experience necessary to scale efficiently and effectively. Brands like Crumbl and 7 Brew Drive-thru Coffee achieved 100 operating units within three years, showing the benefits of aligning with capable franchisees. A number of successful franchisees aren’t sticking within familiar industries. Many are diversifying, owning operations across food, healthcare, automotive, and retail services. For example, a Dunkin’ franchisee might own coffee shops as well as healthcare centers and schools, reflecting a sophisticated and diversified business model. A practice usually reserved for large investment groups is becoming common among franchisees with large or small portfolios.”, Franchising.com, March 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Our Mission, Information Sources & Who We Are

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

And download our latest chart ranking 40+ countries as places to do business, used by many companies for strategic planning, at this link:

Our latest GlobalVue™ 40 country ranking

www.edwardsglobal.com

Biweekly Global Business Newsletter Issue 127, Tuesday, February 18, 2025

Posted on Feb 17th, 2025 in Asia Pacific, Europe, India, Miscellaneous, Predictions and Trends, Professional Development, World Culture, World Economy | Comments Off

The Global Price Of Gas, More Tariffs, China and Franchising

Commentary about the 128th Issue: In the USA the average price of a gallon of gas is US$3.42. In Iran it is 11¢ and in Hong Kong it is US$13. This issue has comparisons of tariffs countries charge each other and how each region of the world depends on cross border trade. India has a big tariff problem with the USA. Global unemployment is the lowest ever recorded but jobless rates are climbing again in both low- and high-income countries. Despite all its challenges, the European Union has a US$19 trillion economy. Long touted as an emerging country with a fast-growing middle class, Indonesia is now losing this key demographic. China continues to export more than other countries want it to.

One More Thing: In this issue’s brand section, various reports indicate 2025 will be a major growth year for the franchise business sector that will probably end 2025 with 9 million employees in over 800,000 individual businesses that collectively are approaching 5% of the USA’s gross domestic product (GDP).

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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.

https://www.linkedin.com/in/williamedwards/ +1 949 375 1896

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”, Maya Angelou

“Happiness depends more upon the internal frame of a person’s own mind, than on the externals of the world.”, George Washington

“People do not buy goods and services. They buy relations, stories, and magic.”, Seth Godin

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Highlights in issue #128:

How Much Each Country Pays for Gas in 2025

The $19 Trillion European Union Economy

Why 2025 Will be a Big Year For Franchising — And How to Capitalize

The restaurant industry is projected to reach US$1.5 trillion in sales this year

India Plans More Tariff Changes to Curb Trump’s Trade Threats

Brand Global News Section: Hilton®, Jollibee®, Pizza Hut®, YUM China

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Interesting Data, Articles and Studies

“Geopolitics and the geometry of global trade: 2025 update – Trade relationships are continuing to reconfigure, and changing geopolitics is a major reason. The United States has continued to shift trade away from China and toward other economies such as Mexico and Vietnam. In some cases, this is due to these economies forming an intermediate step in trade flows between China and the United States. European economies have moved away from trade with Russia and increased trade with other partners, notably the United States. Developing economies, rather than advanced ones, now account for the majority of China’s imports and exports. Economies such as the Association of Southeast Asian Nations (ASEAN), Brazil, and India continue to strengthen trade ties across the geopolitical spectrum.”, McKinsey & Co., January 27, 2025

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

“Singapore, Japan To Remain Property Hot Spots As Global Investors Diversify: JLL CEO – The real estate markets of Australia, Japan, Korea and Singapore will remain hot spots in the next few years as global investors seek to diversify their portfolios with demand for real estate in China and Europe continues to be soft, according to Christian Ulbrich, global CEO and president of property consultancy JLL. Real estate investments in the Asia Pacific climbed 23% to $131 billion in 2024, led by gains in Australia, India, Japan, Korea and Singapore, according to the capital tracker report published by JLL in January. Singapore—which has been attracting scores of billionaires and high-net worth individuals setting up family offices in the island nation—posted the strongest growth across the region, with global investors pouring over $11.5 billion in the Lion City, up 60% from the previous year.”, Forbes, February 17, 2025

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

“Low Global Unemployment Won’t Last – Jobless rates are climbing again in both low- and high-income countries. In 2024, conflicts in Ukraine and the Middle East and tight monetary policies contributed to a slowing global economy. Yet, global unemployment remained stable at 5 percent, its lowest level in decades. In Europe and East Asia, jobless rates fell as economies continued recovering from the pandemic and adjusted to trade restrictions and sanctions on Russia. This decline offset a sharp rise in U.S. unemployment, driven by the Federal Reserve’s high base rate, weak demand and slower hiring. The International Labor Organization does not expect unemployment to stay this low. An upward trend has already emerged in both low- and high-income countries. Meanwhile, despite job growth, real wages have declined in many nations due to persistently high inflation. The ILO sees no immediate factors that could mitigate future labor market risks.”, Geopolitical Futures, February 14, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

“Cocoa stockpiles plunge to record low – Chocolate makers grab available reserves to counter acute global shortage. Stocks of cocoa in London and New York have plunged to all-time lows in the latest sign of a shortage that has forced chocolate makers desperate to meet Valentine’s Day demand to seek alternative ingredients. Traders and chocolate manufacturers have withdrawn most of the lower-quality surpluses at the world’s largest commodity exchanges as the market struggles to cope with years of poor global harvests.”, The Financial Times, February 13, 2025

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

“How Much Each Country Pays for Gas in 2025 – This map tracks the retail price of gas in 169 countries and territories around the world. Data is sourced from Global Petrol Prices, as of Feb 3^rd, 2025. Gas is more commonly known as petrol, and also priced per liter in many places. The equivalent cost has been included in the table in the next section. Even amongst the cluster of countries with cheap gas in the Middle East, pump prices in Iran are astonishingly low. On average, Iranians paid 11 cents per gallon in the week of February 3^rd.On the other hand, people in Hong Kong paid close to $13/gallon in the same time period.”, Visual Capitalist &Global Petrol Prices, February 12, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Global, Regional & Country Travel

“Hilton Expects Leisure, Business-Travel Demand to Continue to Grow in 2025 Despite Political Challenges – System-wide top-line growth of 2% to 3% for 2025 expected, CEO says. The company is taking a more positive view on economic and geopolitical conditions as well. Business confidence has been shaken some by Trump’s proposed tariffs, though, forcing companies to scramble to adjust their operations.”, The Wall Street Journal, February 6, 2025

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

“Travel agents say Canadians are cancelling U.S. trips amid tariff threats – U.S. President Donald Trump has threatened punishing tariffs, mused about making Canada the 51^st state. The threats of a trade war have led to an upswing in Canadian pride, with sports fans booing the U.S. national anthem and polls suggesting Canadian patriotism is on the rise. Now, Canadian travel agents say they’re seeing more customers cancel their U.S. trips and book vacations elsewhere, in wh’t could prove to be an impactful way of voting with their wallets.”, CBC, February 11, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Book Review

In “The AI-Driven Leader: Harnessing AI to Make Faster, Smarter Decisions,” Geoff Woods provides a comprehensive guide for executives aiming to integrate artificial intelligence into their strategic decision-making processes. Drawing from his tenure as Chief Growth Officer at Jindal Steel & Power, where he facilitated a market cap increase from $750 million to over $12 billion in four years, Woods emphasizes the transformative potential of AI when used as a strategic thought partner. Woods introduces practical tools, including effective AI prompting techniques, to enhance strategic clarity and accelerate data-driven decisions. By presenting real-world examples and prompt libraries, he equips leaders with the means to harness AI effectively, thereby amplifying employee impact and maintaining a competitive edge in an AI-driven landscape.

Five Key Takeaways:

1. AI as a Thought Partner: Leaders should view AI not merely as a tool but as a strategic collaborator to enhance decision-making.

2. Overcoming Operational Overwhelm: Implementing AI can automate routine tasks, allowing leaders to focus on strategic initiatives.

3. Effective AI Communication: Crafting precise prompts and providing context are essential for obtaining valuable AI-generated insights.

4. Accelerated Data-to-Decision Process: AI enables faster analysis and interpretation of data, leading to quicker, informed decisions.

5. Amplifying Employee Impact: Utilizing AI can significantly enhance individual and team productivity, leading to exponential organizational growth.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

The Accredited Franchise Supplier certification

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Country & Regional Updates

Asia

“Asia’s emerging business corridors: New highways to growth – As geopolitical shifts affect global business corridors, opportunities are opening for companies. Asia is positioned at the epicenter to lead the way in reshaping trade and investment patterns. During this period of transition and uncertainty, Asia remains the key to global connectivity. The newly emerging and fast-growing business corridors are evidence of this. The growth of new corridors in technology, services, and green business will likely be accompanied by opportunities arising from the redirection of established business corridors. These include entrenched but nascent bilateral relations.”, McKinsey & Co., January 20, 2025

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

“South-East Asian producers are being hammered by Chinese imports – Deep ties with China stymie a protectionist response. The phenomenon begins in China. Because of a property slump, dispirited consumers and the state’s resistance to large fiscal stimulus, demand is weak. In search of new drivers of growth, China has doubled down on manufacturing. Much of this is bound for export markets: in 2024 China’s net exports made up almost a third of gdp growth, the highest share since 1997. Since the start of 2021, Asean has introduced 104 new trade restrictions on Chinese goods, including both tariffs and subsidies to offset import competition….Governments taking a more protectionist response would result in higher costs for price-sensitive South-East Asian consumers.”, The Economist, February 13, 2025

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

Australia

“RBA Poised to Deliver First Rate Cut in Four Years – A majority of economists in a Bloomberg News survey as well traders expect the RBA to finally begin easing tomorrow with a 25 basis-point reduction in the cash rate to 4.1%. A cut may provide a shot in the arm for Prime Minister Anthony Albanese.”, Bloomberg, February 16, 2025

(RBA – Reserve Bank of Australia)

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

China

“Cheap coffee and smaller pizzas help Yum China survive an uncertain consumer market – China’s economy still can’t shake its consumption slump. Retail sales in China grew by 3.5% in 2024, lower than the headline growth rate of 5% for the year, according to data from the National Bureau of Statistics. Yet Yum China, which operates over 16,000 stores, including Chinese outlets of Kentucky Fried Chicken and Pizza Hut outlets, is finding growth in a tougher market. The company, No. 368 on the Fortune 500, managed to grow sales across both its directly owned and franchised outlets by 5% in 2024, ahead of the broader industry. Yum China launched Pizza Hut WOW in May, which offers smaller, more affordable servings for thrifty diners, including a pepperoni pizza for just 29 yuan ($4). “This kind of store is more for individuals, like a small plate of tapas,” a spokesperson told Reuters in early September. The company now has over 200 WOW outlets across China.”, Fortune, February 7, 2025

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

“Chinese cars are taking over the global south – Petrol (gas) engines, not batteries, are powering their growth. China has taken a decisive lead as the world’s biggest manufacturer of cars. The number of cars shipped abroad from China reached 4.7m last year, triple the amount three years earlier, according to Citigroup (around a third of these came from multinational brands with factories in the country). The surge is set to continue—in 2030 the bank reckons sales abroad will hit 7.3m. Car-carrying vessels are departing China’s ports in ever greater numbers in part because the domestic market, where 23m passenger vehicles were sold last year, is neither as fast-growing nor as profitable as in the past.”, The Economist, February 13, 2025

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

European Union

“The $19 Trillion European Union Economy – Europe’s Economic Giants Hold Their Ground. Germany, France, and Italy have long been the EU’s largest economies, driven by industrial strength, financial hubs, and manufacturing power. Together, they account around 53% of the EU’s $19.4 trillion GDP, with Germany alone surpassing the combined output of the 20 smallest EU economies. However, these top three economies saw stagnating or negative growth last year. Spain and the Netherlands round out the top five, bringing their collective share to 68%. Meanwhile, Malta posted the highest GDP growth at 5% in 2024 but remains the EU’s smallest economy at just 0.1% of the total.”, Visual Capitalist & The International Monetary Fund, February 8, 2025

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

India

“India Plans More Tariff Changes to Curb Trump’s Trade Threats – India’s top officials said they will continue to cut import taxes as the government looks to work around US President Donald Trump’s plan to impose reciprocal tariffs on trading partners. Weeks after she unveiled sweeping cuts to duties on imports from textiles to motorcycles, India’s finance minister said that she will carry on the process of reforming the nation’s tariff regime. Economists said India’s higher tariff rate and a $41 billion trade surplus with the US makes the South Asian nation among the most exposed to risks if Trump follows through with plans to impose like-for-like tariffs. Analysts from Mitsubishi UFJ Financial Group Inc said US tariffs on India could rise to above 15%, from around 3% currently, ‘if full reciprocity were enforced in theory.’”, Bloomberg, February 17, 2025

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

Indonesia

“Indonesia’s shrinking middle class rattles businesses betting on a boom – People are falling behind as commodities giant fails to deliver well-paid jobs. Pizza Hut’s Indonesian franchisee pinned its hopes on the middle class’s expansion in the world’s fourth-most populous country. But its decision to shut 20 stores and reduce its workforce offers a warning for those betting on a consumer boom in south-east Asia’s largest economy. Businesses selling everything from pizzas to cars have been hit by Indonesia’s shrinking middle class. The number of people considered to be middle class by the government has declined 20 per cent over the past six years, a risk to the commodity giant’s growth plans and a warning for potential investors such as Apple. Economists said the decline had been triggered by a lack of formal employment, a shortage of investment in higher-income industries and overreliance on a commodities sector that has produced poorly paid work — pressures that have been exacerbated by the Covid-19 pandemic.”, The Financial Times, February 16, 2025

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

The Philippines

“Jollibee Jumps Most Since 2020 as Foreign Ownership Cap Scrapped – Move could make stock more attractive for foreign funds. The fast-food chain, known for dishes like fried chicken and sweet spaghetti, said the Philippine Stock Exchange has approved its request which is in line with changes in its articles of incorporation that removes its ability to own, acquire or mortgage land. Apart from expanding its Jollibee brand outlets, the company has made acquisitions in recent years. It took over South Korea’s Compose Coffee for $340 million in July, following investments in a Taiwan milk tea brand in 2021 and the $350 million purchase of Los Angeles-based Coffee Bean and Tea Leaf in 2019.”, Bloomberg, February 12, 2025

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

United States

“The restaurant industry is projected to reach US$1.5 trillion in sales this year – 80% of operators are optimistic their sales will be either higher than or the same as they were in 2024, according to the National Restaurant Association’s 2025 State of the Restaurant Industry report. This trajectory is driven by more than just pricing, however. The report indicates that consumers have plenty of pent-up demand, with about 80% stating they would use restaurants more frequently if they had the money (including 81% for table service restaurants, 76% for quick-service, snack, deli, and coffee concepts, and 82% for delivery). Some recent trends suggest consumers may be feeling a bit more confident with their financial status.”, Nation’s Restaurant News, February 6, 2025

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Taking Brands Global Successfully For 5 Decades

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Brand & Franchising News

“The International Franchise Association (IFA) today released its annual Franchising Economic Outlook showing that franchise growth exceeded projections for 2024, even in the face of ongoing economic uncertainty and policy headwinds. On top of the 2.2% growth experienced in 2024, which exceeded the 1.9% projection, the report forecasts that franchises will grow an additional 2.4% in 2025, a faster rate than the 1.9% projected for the broader economy by the Congressional Budget Office (CBO).

The full report, conducted by FRANdata, is available here.

“The resilience of the franchise business model not only helped the sector survive the uncertainty of recent years, but thrive in the face of challenging economic conditions,” said Matt Haller, IFA President and CEO. “A more favorable economic and regulatory climate have created new optimism and confidence for the year ahead.

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

“Why 2025 Will be a Big Year For Franchising — And How to Capitalize. Franchising is an excellent choice for the business owner who wants to join an established brand that enjoys widespread name recognition, has built customer loyalty and offers reliable, time-tested systems and processes. With a business-friendly environment and strong industry momentum, 2025 presents major opportunities for franchise expansion. AI, automation, and customer-focused strategies will drive franchise success in the coming year. Business services, sustainable brands, and fast-casual food franchises are among the most promising investments for new franchisees.

This article is by Ray Titus, CEO of United Franchise Group (UFG), the global leader for entrepreneurs. With over three decades in the franchising industry and more than 1,800 franchisees throughout the world, UFG offers unprecedented leadership and solid business opportunities for entrepreneurs.”, Entrepreneur magazine, February 13, 2025

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

“5 Trends to Watch: 2025 Franchising – Franchise Brokers Face Greater Scrutiny; Increased Regulatory Uncertainty; Restaurant Chain Challenges Expected to Continue; Continued Consolidation of Franchisees; and Increased Focus on Junk Fees.”, by Greenberg Traurig in Lexology, February 10, 2025

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

“Franchising Trends in Canada: Here’s What To Expect in 2025 – In 2025, franchising will continue to be a thriving and dynamic sector of Canada’s economy. However, the landscape is evolving, with shifts driven by economic trends, technology, and consumer preferences. Here are some of the key franchising trends that may define Canada’s franchise industry in 2025.”, Franchising.com, February 2025 from an article by Kevin Winters, the franchise development manager with Little Caesars Canada.

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

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Our Mission, Information Sources & Who We Are

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

And download our latest chart ranking 40+ countries as places to do business, used by many companies for strategic planning, at this link:

Our latest GlobalVue™ 40 country ranking

www.edwardsglobal.com

Biweekly Global Business Newsletter Issue 127, Tuesday, February 4, 2025

Posted on Feb 17th, 2025 in Asia Pacific, Europe, India, Miscellaneous, Predictions and Trends, Professional Development, World Culture, World Economy | Comments Off

Tariffs, Tariffs, Tariffs, Tariffs, Tariffs and More

Commentary about the 127th Issue: In 2025, success in international business isn’t just about crossing borders—it’s about bridging cultures, leveraging technology, and adapting to rapid economic and geopolitical shifts.

As this edition goes to press, the U.S. President has announced tariffs on goods coming into the USA from Canada, China and Mexico. The situation is changing almost hourly! This issue also looks at DeepSeek, the world’s projected population growth by generations including the newest generation, Generation Beta. And the ‘massive’ global work force of 3.67 billion workers of which almost 20% are government workers.

One More Thing: The United States has the largest trade deficit of any country in the world. Last year it was almost US$1 Trillion from just the top ten countries the USA has a trade deficit with.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

https://www.linkedin.com/in/williamedwards/ +1 949 375 1896

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

“In an era of shifting trade policies and technological disruption, the best global strategy is flexibility and a deep understanding of local markets.”, Richard Branson

“The companies that will thrive in global markets by 2025 are those that embrace digital trade, sustainability, and the agility to pivot amid geopolitical uncertainty.”, Christine Lagarde

“International business in 2025 will be defined by resilience: the ability to manage supply chain disruptions, regulatory changes, and new consumer expectations in a hyperconnected world.”, Klaus Schwab

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Highlights in issue #127:

What the Experts See Coming in 2025

America First Trade Policy

Powering the World: A Look at Global Electricity Generation in 2023

Visualizing the Global Population in 2035, by Generation

A massive global workforce

These Were the Busiest Airports in 2024

Foreign Investment in Africa Reaches Record $94bn in 2024

Brand Global News Section: Chili’s® and Luckin Coffee®

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Interesting Data, Articles and Studies

Tariff, Tariffs, Tariffs – The U.S. President over the weekend announced 25% tariffs on most goods coming into the USA from Canada and Mexico, 10% on oil and gas coming from Canada and 10% on almost everything coming into the USA from China. As of late on Monday, February 3^rd, the US President had calls with the President of Mexico and the Prime Minister of Canada and all agreed to hold off implementing tariffs for at least one month during which they would have talks to try resolve this issue.

Meanwhile, China plans to bring the new USA 10% tariffs to the World Trade Organization (WTO) for discussion. Up till now, China has either imposed or proposed tariffs on $110 billion of U.S. goods, representing most of its imports of American products. And then there is the ban on shipments from China to the USA of certain critical minerals (see below).

Needless to say, the tariff situation is very fluid. Perhaps by our newsletter on February 28 we will have more details on the actual tariffs. Or maybe not……..

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

The new U.S. President issued a new America First Trade Policy on January 20. The links below are the full policy and a January 29^th analysis of the policy.

America First Trade Policy

CalChamber Analysis by Susanne T. Stirling, Senior Vice President, International Affairs

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

For our Artificial Intelligence section in this issue, we will briefly look at DeepSeek which has been in the news recently. Here are some interesting articles from a variety of sources about this new AI tool that speak for themselves.

“Six things DeepSeek won’t tell you about — but ChatGPT will”, The Times of London, January 28, 2025

The DeepSeek Wake-Up Call, The Atlantic, January 30, 2025

Inside Microsoft’s quick embrace of DeepSeek The Verge, January 30, 2025

Meta CEO Mark Zuckerberg says DeepSeek will ‘benefit’ the company and the future of its AI business: The Business Insider, January 30, 2025

Is the DeepSeek Panic Overblown?: Time, January 30, 2025

DeepSeek says it built its chatbot cheap. What does that mean for AI’s energy needs and the climate?:

DeepSeek, Stargate, and the new AI arms race, AP News, January 28, 2025

OpenAI says it has proof DeepSeek used its technology to develop its AI model, The New York Post, January 29, 2025

“The DeepSeek controversy: Authorities ask where does the data come from and how safe is it?”, Malwarebytes.com, January 30, 2025

“How small Chinese AI start-up DeepSeek shocked Silicon Valley”, The Financial Time, January 24, 2025

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

“What the Experts See Coming in 2025 – In this now sixth year of our Prediction Consensus (part of our comprehensive 2025 Global Forecast Series presented by Inigo Insurance), we’ve summarized the most common predictions and forecasts by experts into a single visual of what they expect to happen in 2025. Drawing from our predictions database of over 800 forecasts compiled from reports, interviews, podcasts, and more, the Prediction Consensus “bingo card” and this article offer an overview of the most cited trends and opportunities that experts are watching for the rest of the year.”, Visual Capitalist, January 26, 2025

Editor’s Note: This chart is, of course, already out of date but it combines input from over 800 forecasts compiled from reports, interviews, podcasts.

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

“A massive global workforce – In 2023, the global workforce consisted of 3.627 billion workers. Approximately one-fifth of these people, or 675 million, were employed in the public sector……. Governments must serve their constituents and take care of their employees, including their professional development and job security. This dual mission can be challenging, given constraints such as public scrutiny, competing priorities and stakeholders, politics, budget, and citizen dissatisfaction with government.”, McKinsey & Co., January 30, 2025

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

“Visualizing the Global Population in 2035, by Generation – The year 2025 marks the start of Generation Beta. This graphic compares the current population share of each generation with the projected share in 2035, based on data from McCrindle as of May 2024. Generation Beta will be born from 2025 to 2039. They will be the children of younger Gen Ys (Millennials) and older Gen Zs, and many will live to see the 22nd century. By 2035, this group is expected to make up at least 16% of the global population.”, Visual Capitalist and The Federal Reserve, January 17, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

“Powering the World: A Look at Global Electricity Generation in 2023 – In 2023, the world relied heavily on a mix of sources to power our homes, businesses, and industries. The data from 2023 paints a picture of a world in transition. While fossil fuels still hold a strong grip, generating a combined 60.7% or 17,943.4 TWh of the world’s electricity, the increasing adoption of renewable energy sources is a clear sign of a shift towards a cleaner, more sustainable future. Clean energy sources collectively generated 39.3% or 11,619.5 TWh of the world’s electricity in 2023. While the world is transitioning to cleaner energy sources, fossil fuels still dominate global electricity generation. In 2023, coal remained a major player, accounting for a substantial 35.4% of the world’s power, generating a massive 10,460.4 Terawatt-hours (TWh). Natural gas also played a crucial role, contributing 22.6% or 6,668.7 TWh, often favored as a cleaner-burning alternative to coal.”, Visual Capitalist & Ember Electricity Data Explorer, January 18, 2025

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

“Beijing’s Ban on Mineral Exports to U.S. Leaves Traders Scrambling – On Dec. 3 (2024), the commerce ministry banned shipments of gallium, germanium, antimony and superhard materials to the U.S., and tightened the rules on graphite exports, based on China’s Export Control Law and related regulations. China maintains a dominant position in the global production of gallium, germanium and antimony. According to estimates from the U.S. Geological Survey (USGS), China supplied 98% of the world’s primary low-purity gallium, 60% of germanium, and 48% of antimony in 2023.”, Caixing Global, January 24, 2025

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

This chart is based on data from a 27/7 Wall Street article on December 20, 2024 and gives us a glance at the U.S. trade deficit. Almost a trillion dollars each year from just the top 10 countries we trade with.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Global, Regional & Country Travel

“These Were the Busiest Airports in 2024 – If your flight is departing from an airport on this list, be sure to build in some extra time (and patience). By calculating the airline capacity (the total number of seats), for international and domestic flights in airports across North America, Europe, Asia, and the Middle East, (global travel statistics provider) OAG has determined which airports truly are the world’s most frenetic. Holding firm in first place is Atlanta Hartsfield-Jackson International Airport (ATL). This won’t come as a surprise—the Georgia airport has been named the world’s busiest for 23 of the 24 years the report has been published.”, Conde Nast Traveler, January 21, 2025

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Book Review

In Build Your Cultural Agility, Paula Caligiuri provides a practical guide for professionals navigating the complexities of global business. The investment in global collaboration technology now exceeds US$45 billion. Professionals who work across cultures face some of the most cognitively, psychologically and emotionally difficult challenges, regardless of whether they work virtually or in person. And they often face these challenges without the help of a corporate guide. Build Your Cultural Agility is that guide. 5 Key Takeaways:

1. Adaptability is Critical – Successful global professionals must quickly adjust to new cultural norms and business practices.

2. Emotional Resilience Enhances Performance – Managing stress and ambiguity is essential when working in unfamiliar environments.

3. Curiosity Drives Cultural Learning – Being open-minded and eager to learn improves cross-cultural interactions.

4. Building Trust Across Cultures is Key – Effective communication and respect for local customs foster strong global relationships.

5. Cultural Agility is a Learnable Skill – Through experience, training, and exposure, professionals can improve their ability to work across cultures.

Caligiuri’s book is a must-read for those looking to expand their global mindset and succeed in international business.borders.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

The Accredited Franchise Supplier certification

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Country & Regional Updates

Africa

“Foreign Investment in Africa Reaches Record $94bn in 2024 – Despite a global decline in foreign investment, Africa saw a significant boost last year, largely driven by a single major urban and tourism project in Egypt. Even without this mega-project, Africa saw a 23% increase in FDI inflows in 2024, totaling $50 billion. The gains came despite a tough economic climate marked by rising interest rates, mounting public debt, and persistent political and security challenges across the continent. Asia, traditionally the largest recipient of FDI among developing regions, saw inflows shrink by 7%, while Latin America and the Caribbean experienced a 9% decline. UN Trade and Development predicts moderate FDI growth in 2025, supported by better financial conditions and a recovery in mergers and acquisitions. However, risks such as geopolitical tensions and global economic instability remain significant challenges for both developing and developed countries.”, Ecofina Agency, January 23, 2025. Compliments of Africa Alert, a regional newsletter published by colin smith.

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

China

“China’s financial system is under brutal pressure – When will something break? “Short essays” appear to be causing big problems in China’s bond market. Over the past year the term has been used to refer to rumours swirling around financial hubs, which often originate with brief posts on social media that attempt to explain the inner workings of the system. One such rumour claims that the central bank is hunting down speculators who have made “illegal transactions” on the bond market. Another implies the China Financial Futures Exchange, where bond futures are bought and sold, has ratcheted up fees in order to discourage trading…..Falling (home) prices will please first-time homebuyers, but not banks. They use unsold flats and the land reserves of property developers as collateral against loans.”, The Economist, January 23, 2025

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

Germany

“Germany’s Economic Model Is Broken, and No One Has a Plan B – The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives. Gross domestic product has roughly flatlined since 2019, before the start of the Covid-19 pandemic—the longest period of stagnation since the end of World War II. Most economists expect it will stagnate again this year. Most politicians are focusing on how to tweak and improve the current export-reliant, manufacturing-heavy economic model. New ideas to encourage investment and consumption, boost trade inside Europe or open up to fast-growing tech or services sectors are virtually absent.”, The Wall Street Journal, January 26, 2025

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

India

“WeWork’s India franchisee files for Mumbai IPO – WeWork India has an aggregate leaseable area of 602,012 square metres (6.48 million square feet). The offer will consist of the sale of 33 million equity shares by Indian real estate firm Embassy Group (EMBA.NS) and 10.3 million equity shares by 1 Ariel Way Tenant. WeWork India is controlled by real estate tycoon Jitu Virwani and son Karan Virwani who own Bengaluru-based developer Embassy Group. Karan Virwani is CEO of WeWork India.”, Reuters, February 2, 2025

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

Japan

“Bank of Japan raises interest rates to highest level in 17 years – Central bank signals more increases to come if wage and price growth hit forecasts. The Bank of Japan has raised short-term interest rates to “around 0.5 per cent”, the highest level in 17 years, as the central bank said that economic activity and wage and price inflation were at targets to justify its push to “normalise” monetary policy. The BoJ’s decision, by an 8-1 vote, raised the policy rate from 0.25 per cent to its highest level since the 2008 global financial crisis. The central bank is targeting a stable inflation rate of about 2 per cent.”, The Financial Times, January 24, 2025

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

United Kingdom

“(UK) Pay after inflation rises at fastest rate since 2021 – UK pay after inflation has risen at its fastest rate for more than three years, driven by strong wage growth in the private sector. Pay packets increased on average by 3.4% between September and November compared with the same period a year ago after taking into account the impact of price rises, according to the Office for National Statistics (ONS). Growth in private sector earnings was stronger than for public sector jobs.”, BBC, January 21, 202

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

United States

“Sales of Electric Heavy-Duty Trucks Are Hitting a Regulatory Wall – Commercial prospects for the vehicles face shifting and contradictory mandates, leaving dealers in limbo. Heavy-duty truck manufacturers and dealers are caught in a swirl of shifting and conflicting rules over zero-emissions big rigs as the changing regulatory landscape undercuts the commercial prospects of the vehicles. Trucking industry officials broadly welcomed California’s move because of battery-electric trucks’ limited driving range compared with diesel and because of the scarcity of electric-charging infrastructure across the state.”, The Wall Street Journal, January 29, 2025

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Taking Brands Global Successfully For 5 Decades

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Brand & Franchising News

“This Iconic Chain’s Shocking Comeback Is Outpacing Olive Garden and Texas Roadhouse – Ever since the pandemic, sit-down chains have been struggling to stay afloat. From inflation forcing the price of dining out to the healthy eating trend, fewer people have been spending their money at their local Chili’s, Outback, or Olive Garden. However, little by little, the bigger chains are building their customer bases once again. According to stats, Brinker International’s (EAT) Chili’s experienced nearly a 15 percent growth in 2024. Jefferies analyst Andy Barish called the chain ‘the most extreme example of being able to hit a value promotion at exactly the right time and then be able to support it with an incredible amount of social media spending and influencers.’”, Eat This, February 2, 2025

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

“Luckin Coffee beat Starbucks in China. It’s now taking its playbook overseas to markets like Malaysia– The chain is expected to copy its successful China playbook of promotions and steep discounts in Malaysia. To commemorate the launch, Luckin priced its beverages as low as 2.99 Malaysian ringgit ($0.67). A Starbucks Americano costs about 11 ringgit ($2.50). The chain’s revenue overtook Starbucks’ Chinese revenue by the following year. Luckin also started its overseas expansion in 2023 with its first Singapore outlet; it now has 45 stores in the city-state, according to its latest quarterly filing. The chain reportedly plans to continue its expansion in Southeast Asia and even to launch in the U.S., aiming for cities with large Chinese student and tourist populations like New York.”, Fortune, January 23, 2025++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Our Mission, Information Sources & Who We Are

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

And download our latest chart ranking 40+ countries as places to do business, used by many companies for strategic planning, at this link:

Our latest GlobalVue™ 40 country ranking

www.edwardsglobal.com

« Previous Entries