EGS Biweekly Global Business Newsletter Issue 26, Monday, March 22, 2021
By William (Bill) Edwards, CEO of Edwards Global Services, Inc. (EGS)
“As the case counts are coming down … and the vaccinations are starting to grow, people are ready to reclaim their lives. And we’re seeing bookings pick up. … They’re ready to reclaim that lost period.”, Delta Air Lines CEO Ed Bastian, INC., March 21, 2021
“If you are not willing to learn, no one can help you. If you are determined to learn, no one can stop you.”, Zig Ziglar
“Positive Mind, Positive Vibes, Positive Life.”, Anonymous
Introduction
Our biweekly newsletter focuses on what is happening around the worldthat impacts new trends, health, consumer spending, business investment and travel.
Highlights in issue #26:
Starting with this, our 1st anniversary issue, the first line of each update is a link to the article, where available
- The new EGS mid-March GlobalVue™ country ranking chart is at this link
- A record share of CEOs believe global economic growth will improve in 2021
- Magic is Back at Disneyland Resort! Theme Parks Plan to Reopen on April 30:
- Your most prized travel accessory is about to become your vaccine passport:
- As of 2021, there are roughly 3.78 billion social media users all over the world, a 5 percent increase from 2020
- Restaurant Trends 2021: The Year of Reopening & Recovery
- Can Popeyes threaten KFC’s dominance in China? It’s going to try:
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 environment. Our GlobalTeam™ on the ground covers 43 countries and provides us with updates about what is happening in their specific countries.
Please feel free to send us your input and sources of information. Our contact information is at the bottom of this newsletter.
First, a few Personal Comments
This is the first anniversary of our biweekly newsletter. Today almost 500 people receive our biweekly newsletter in the Americas, Asia, Europe and the Middle and Near East.
The world has come a long way since our first COVID-19 era newsletter. The USA and UK economies are recovering fast. While proven vaccines are beginning to be given around the world and the projections for 2021 world GDP growth are sitting at 6%, we still have a way to go to get back to open businesses and international travel are back to an acceptable level. I am very encouraged by a statement this week by Ed Bastian, CEO of Delta Airlines, “People are ready to reclaim their lives.”
Global Vaccine Update
“The biggest vaccination campaign in history is underway. More than 447 million doses have been administered across 133 countries, according to data collected by Bloomberg. The latest rate was roughly 11 million doses a day.”, Bloomberg, March 21, 2021
Interesting Data and Studies
“Numbers tell a story, but we know there’s more to most stories than numbers. That’s why we’ve combined the findings from our 5,050 survey responses, gathered in January and February of 2021, with qualitative insights: interviews with chief executives conducted as part of our Inside the Mind of the CEO series and analysis from our Take on Tomorrow series, published between January and March, which tackles today’s most pressing issues to help leaders as they think about what’s next.”, PWC, mid-March 2011
“Countries are now able to assess the damage to economic growth wrought in 2020 by the restrictions put in place to control the spread of the COVID-19 virus. All GEI-surveyed economies went into reverse gear in the early months of the year., McKinsey, March 8, 2021
“The massive ten- to 20-percentage-point spike in the savings rate across the United States and Western Europe (amounting to a doubling of annual savings in the United States in 2020) left many households in a strong position to spend. That means an effective vaccine rollout to bring the pandemic to an end could restore consumer demand to pre-pandemic levels, fueled by rising consumer confidence, pent-up demand, and accumulated savings.”, McKinsey, March 17, 2021
Global and Regional Travel Updates
“Your most prized travel accessory is about to become your vaccine passport: Travel is definitely beginning to pick back up, but depending on where you’re headed and what type of trip you want to take, you may need to pack more than just your photo ID and wallet. Now, you might also need a vaccine or digital health passport before you hit the road.”, The Points Guy, March 22, 2021
“When will international travel return? A country-by-country guide to coronavirus recovery: Coronavirus has us frozen in place for the most part and dreaming of when we can start booking travel again. In the meantime, we’ve been doing a lot of stories at The Points Guy about what those dream trips look like.”, The Points Guy, March 15, 2021
“Magic is Back at Disneyland Resort! Theme Parks Plan to Reopen on April 30: After being closed for more than one year, magic is finally returning to the Disneyland Resort theme parks! Disneyland park and Disney California Adventure park are planning to officially reopen to the public on April 30, with limited capacity.”, Disney Park Blogs, March 17, 2021
“Is Travel Coming Back? Airports Have Busiest Days Since March 2020: While CDC still advises against travel, bookings rise as airline executives voice optimism for demand rebound: ‘This seems like it’s real,’ says Delta chief….Airports screened nearly 1.36 million people Friday and more than 1.34 million people on Sunday, two of the busiest days since March 2020.”, The Wall Street Journal, March 15, 2021
“Desperate to Revive Tourism, the EU Proposes a Digital COVID-19 Certificate: The European Commission’s proposed Digital Green Certificate will have a modest impact on the European Union’s tourism and hospitality sectors in the short term. But lingering questions on how COVID-19 immunity works and data privacy issues could complicate the implementation process. The European Commission unveiled on March 17 a plan to create a Digital Green Certificate with verified information on people’s COVID-19 status.”, Stratfor, March 18, 2021
“IATA Travel Pass Trialed on First International Flight: The International Air transport Association(IATA) Travel Pass is a reality, successfully trialed on a Singapore Airline (SG) flight to London where a group of passengers used the new travel credential system to enter the UK.”, Airways, March 18, 2021
“British Airways rolls out vaccine passports (and free snacks) to get us flying again: British Airways will launch a digital global vaccine passport in time for the planned resumption of international travel on May 17. Passengers who have had two Covid-19 jabs will be able to upload their vaccination details to the BA app on their smartphone to prove that they are safe to fly.”, The Sunday Times of London, March 14, 2021
“Disney to offer summer cruises from Miami — a first for the line: Disney’s cruising arm on Thursday said its 2,500-passenger Disney Dream would sail a series of three- and four-night summer voyages to the Bahamas out of the city starting on June 7, 2022. The trips will feature calls at Nassau and Castaway Cay, Disney’s private island in the Bahamas.”, The Points Guy, March 19, 2021
“Hawaiian Airlines Begins Offering Quarantine Free Travel From Japan: Beginning last weekend, Hawaiian Airlines passengers out of Narita who use Hawaii’s Pre-Clear Program and meet its requirements can now avoid a 10-day quarantine after arriving in Hawaii. On Thursday, Hawaiian Airlines will start checking-in Pre-Clear passengers at Kansai International Airport in Osaka. On Friday, Seoul’s Incheon International Airport will join the club.”, Simple Flying, March 16, 2021
“The American Express Travel Trends Report Says Exactly What We’re All Thinking — People Want to Travel: In March, American Express released its report, providing a glimpse into consumer sentiment toward travel. The biggest takeaway is that people not only want to travel again but are already hard at work planning their dream post-pandemic getaways. Who isn’t ready for a vacation?”, Travel + Leisure, March 10, 2021
“Delta offers more quarantine-free flights to Italy with new services from New York-JFK to Milan and Rome: Delta will offer quarantine-free flights from New York-JFK to Milan Malpensa airport starting April 2, 2021, a day after it launches to Rome Fiumicino. The services will enable customers eligible to travel to Italy to avoid the mandatory 14-day quarantine on arrival, following a rigorous testing protocol before and after travel.”, Delta News Hub, March 17, 2021
Country & Regional Updates
Latin America
“For emerging and developing economies, foreign direct investment plays a crucial role in financing major development projects and growing their economies. This is especially true of Latin America. FDI into Latin America hit historical highs between 2011 and 2012, totaling almost $220 billion and accounting for 14 percent of the global total. But since then, FDI has been trending downward, and in 2019 it dropped by 7.8 percent.”, Geopolitical Futures, March 19, 2021
Australia
“Australia unveils $928 million COVID-19 stimulus package for tourism industry: The basket of airline ticket subsidies for travellers, cheap loans to small tour companies and financial aid for the country’s two largest airlines is designed to keep the critical sector ticking over until foreign tourists return.”, Reuters, March 10, 2021
Brazil
“Brazil economy its largest since 2015, central bank activity index shows: Brazilian economic activity rose sharply in January, a central bank index showed on Monday, indicating that Latin America’s largest economy has not only recovered all its pandemic-related decline but is now back to the size it was over five years ago.”, Reuters, March 15, 2021
Canada
“A return to patio dining — and sunny spring weather — inspires excitement in Toronto and Peel: Excitement was on the menu for patrons and staff alike as outdoor dining returned to Toronto and Peel Region this weekend with the help of spring sunshine and double-digit temperatures. ‘We are really excited to see our neighbours again,’ said Shahd Moustafa, manager of Eggstatic on Bayview Ave., in Toronto.”, The Star, March 21, 2021
“Walmart opens its first ghost kitchen in Canada: The retail giant’s Canada division has partnered with Ghost Kitchen Brands to open a delivery and pickup-only restaurant — also called a ghost kitchen — at its location in St. Catharines, Ontario. The companies plan to open four more locations in Woodstock, Ontario; Toronto; Lachenaie, Quebec; and Saint-Constant, Quebec, “in the coming months,” an announcement said.”, FOX Business, March 13, 2021
Chile
“How Chile’s vaccination push outpaced the rest of the Western Hemisphere: Between mass protests over inequality, a push for a constitutional overhaul and one of the worst coronavirus outbreaks in Latin America, Chile has weathered its share of turmoil over the past year. But the country’s virus vaccination campaign is going about as smoothly as anyone could hope. More than a quarter of Chile’s population has received at least one shot, a feat that only Britain, Israel and the Seychelles have managed to top. Chileans have not had to wait in long lines or navigate confusing signups. Anti-vaccine sentiment, a major hurdle elsewhere, remains low.”, The Washington Post, March 17, 2021
China
“US-China relations: investment environment improving for American firms, AmCham survey shows. Only 12 percent of the 345 US firms surveyed by the American Chamber of Commerce in China said the investment environment was deteriorating. This represented the lowest proportion since the question was first introduced in the 2012 survey.”, South China Morning Post, March 9, 2021. Compliments of Paul Jones, Jones & Co., Toronto
“China’s Factory Gate Prices Rise at Fastest Pace in More Than Two Years: The producer price index (PPI), which gauges changes in the prices of goods circulated among manufacturers and mining companies, rose 1.7% (link in Chinese) year-on-year last month, accelerating from 0.3% growth in January, according to the National Bureau of Statistics (NBS). The figure marks the highest since November 2018 and exceeds the median estimate of a 1.5% rise (link in Chinese) by a Caixin survey of economists.”, Caixin, March 10, 2021
“China’s Export Surge Fuels Global Buying Spree of Cargo Ships, Containers: As of March 1, global shipyards had received orders for 66 new container ships so far this year, representing 2.45 million in revised gross tonnage and driving up the total demand for containers to 530,000 twenty-foot equivalent unit (TEUs) at a cost of over $4.6 billion, according to data on Clarksons website published on Tuesday.”, Caixin, March 12, 2021
India
An interview with the Press Trust on India’s economic situation, its budget, bank privatization by Dr, Raghuran Rajan, Former Governor, Reserve Bank of India, LinkedIn post, March 14, 20211
Japan
“International spectators to be barred from Olympics in Japan: International spectators will not be allowed to enter Japan for this summer’s Olympic Games amid public concerns over coronavirus, organisers said on Saturday, crushing many fans’ hopes and setting the stage for a drastically scaled-back event. Some 600,000 Olympic tickets purchased by overseas residents will be refunded, as will another 300,000 Paralympic tickets, Toshiro Muto, the chief executive of the Tokyo 2020 organising committee, told a news conference.”, Reuters, March 20, 2021
Mexico
“Popeye’s coming to hundreds of locations in Mexico: Fried chicken chain Popeye’s announced on Friday a deal with the investors and business developers at JK Capital to bring hundreds of Popeye’s locations to Mexico. Currently, Popeye’s is only available in Guadalajara. There are 3,400 Popeye’s locations around the world. New locations in Mexico City will open this year. Popeye’s is part of the Restaurant Brands International Inc. (QSR) portfolio.”, MarketWatch, March 19, 2021
Saudi Arabia
“Without Vaccines, Saudi Efforts to Restore Hajj 2021 Won’t Be Enough: On March 9, Saudi King Salman approved a series of measures designed to help restart the kingdom’s dormant hajj economy ahead of the annual pilgrimage, which this year will take place in July. The measures include easing fees for companies, residents and transport that rely on the annual hajj pilgrimage for income. This indicates that Saudi Arabia is preparing to restart its religious tourism industry after a quiet 2020……”, Stratfor Worldview, March 11, 2021
“Saudia Signs Fleet Expansion Deal Worth US$3bn: In a significant financial deal, Saudia (SV) has signed a loan agreement worth SR11.3bn (US$3bn) for the purchase of 73 new planes. This would be the largest aircraft purchase ever made in Saudi Arabia.”, Airways, March 19, 2021
Singapore
“Singapore PM says may reopen borders by year-end: Prime Minister Lee Hsien Loong said in a TV interview he hoped Singapore would start re-opening its borders by the end of the year as more countries ramp up vaccination drives against COVID-19 infections. The Southeast Asian island nation has largely banned leisure travel, but has put in place some business and official travel programmes. It is also discussing the mutual recognition of vaccine certificates with other nations.”, Reuters, March 13, 2021
Spain
“Locked-down Spaniards seethe with envy as Germans flock to Mallorca: Tens of thousands of Germans are planning last-minute Easter getaways to Spain’s sun-kissed islands, leaving many Spaniards, who are not allowed to do the same because of a travel ban, upset.”, Reuters, March 18, 2021
United Kingdom
“Britain set to give Covid vaccines to all adults by early June: Being ahead of the EU by two months will save tens of billions. Every adult will be offered at least one jab by about June 10, beating the government target of the end of July, the research company Airfinity estimates.”, The Times of London, March 13, 2021
“UK economy rebounds ahead of schedule, says Bank of England: Government borrowing costs hit a one-year high as markets repriced for recovery and inflation after the Bank of England said the economic rebound was ahead of schedule and kept monetary policy on hold yesterday.”, The Sunday Times of London, March 19, 2021
“Britain says 26.85 million people have had first shot of vaccine: Britain said on Saturday that 26.85 million people had received a first dose of coronavirus vaccine, in line an earlier announcement that more than half the country’s adults had now had one shot.”, March 20, 2021
“Gym Group predicts a healthy future after reopening: Shares in Gym Group strengthened this morning amid optimism that people will still want to go to the gym once lockdowns are over. Fewer members have cancelled in this lockdown than in previous ones and 97 percent of Gym Group customers have said that they expect to get back to the gym as soon as possible.”, The Sunday Times of London, March 18, 2021
“I’m ready to set up rural office hubs, says IWG boss: Mark Dixon, 61, chief executive of IWG, is convinced that the world of work has changed forever as a result of the pandemic, marking the end of the large corporate headquarters where thousands work for one company. ‘People are moving to nice places to live because they know they can work from there. They think that there’s a future of not having to go to the office every day,’ he said.”, The Times of London, March 10, 2021
United States
“(U.S.) Vaccine manufacturing output expected to have tripled from February to March: Vaccine makers have drastically increased their manufacturing capacity, and output of the three vaccines authorized in the U.S. is expected to in March be nearly triple the amount produced in February, the Wall Street Journal reports.”, Axios, March 22, 2021
“Economy Revs Up as Americans Increase Spending on Flights, Lodging, Dining Out: Forecasters have raised their predictions for growth as consumers gain confidence; ‘I’d rather travel than do almost anything.’ Restaurant and hotel bookings are up. Airplane tickets are selling fast. Consumers spent more on gyms, salons and spas in recent weeks than they have since the coronavirus pandemic began.”, The Wall Street Journal, March 19, 2021
“New Small Business Report Has Silver Lining: The report finds small business optimism has emerged around several of President Biden’s PPP changes, and the new May timeline for widespread vaccine distribution. This shift in vaccine availability should help 28% more small businesses to recover in 2021, according to the Alignable poll taken during the first week of March.”, Franchising.com
“Spring break boom boosts business owners’ hopes: ‘Noticeably busy’: Warmer weather and a loosening of restrictions has resulted in a spike in travel. Spring break crowds have brought a much-needed boost to the hopes of business owners across the country after more than a year of struggle and hardship under coronavirus lockdowns and restrictions.”, FOX Business, March 21, 2021
“Air Travel in the U.S. Reached Highest Passenger Screenings in Nearly a Year, TSA Spokesperson Says. TSA officers screened 1,357,111 people at airport security checkpoints on Friday. The last time checkpoint throughput was that high was March 15, 2020.”, People Magazine, March 13, 2021
This chart, courtesy of ITR Economics is from a Vistage CEO webinar this week, shows how U.S. population is not only growing but moving. Most existing population movement is to lower tax states and to the south and west.
Brand News
“Restaurant Trends 2021: The Year of Reopening & Recovery: A new ebook, “Restaurant Trends 2021: The Year of Reopening & Recovery” from CAKE, takes a look into what the restaurant technology firm sees for the year ahead. The report gathered insights from culinary experts and market analysts to help restaurant operators find the information they need to make the most out of 2021.”, Franchising.com
“Restaurant reopenings boost recovery in US jobs market: Lifting of restrictions on indoor dining and warmer weather fuel hopes for further growth. When combined with hotels and recreational facilities, restaurants accounted for the bulk of the 379,000 jobs added to the US economy last month, helping nudge the unemployment rate down to 6.2 percent.”, The Financial Times, March 8, 2021
“Minor DKL is gearing up to be a leader in the virtual brand space: International & emerging brands general manager Jarrod Appleby talks to QSR Media about the food group’s approach in creating virtual brands, including Burgers with Bite – now the largest concept of its kind in Australia.”, QSR Media AU, March 14, 2021. Compliments of Jason Gehrke, The Franchise Advisory Centre, Brisbane
“Can Popeyes threaten KFC’s dominance in China? It’s going to try: Popeyes will debut in the U.K. this year, the company is expected to announce this week. That will expand its budding empire to about 30 countries, and Australia is also likely on the docket. Popeyes opened its first restaurant (in China) in May with a franchise partner and wants to reach 1,500 in a decade….”, Fortune, March 21, 2021
“Shake Shack, Uber Eats expand delivery partnership nationwide: The fast-food company announced it is rolling out a delivery service that will be available through the Shake Shack app for iOS-enabled Apple devices starting Wednesday, March 17.”, FOX Business, March 17, 2021
“Smoothie King Soars as a World-Class Brand Future-Focused on Even Greater Franchise Growth: The world’s largest smoothie brand is riding a global wave of momentum into 2021, poised for more expansion as an innovative operator and top health and wellness-focused franchise. After a record-shattering year of growth, Smoothie King shows no signs of slowing down.”, Franchising.com
“Sonic Drive-In Finds the Fast Lane During COVID-19: In a year where eating in your car became cool again, the classic brand kept evolving. The brand’s pull-up design and throwback DNA became the ideal “old-is-new” outlet of a global pandemic. Crowd avoidance as the price to entry. A time when eating in your car became the new night out with friends or family.”, Franchising.com
“White Castle Is Celebrating Its 100th Birthday with Events, Offers, & New Menu Items: White Castle is purportedly the very first fast food hamburger chain. Ever! And when your captive Zoom audience gamely asks, “how old is it,” you can tip your hat 1920s style and tell ‘em it’s celebrating 100 turns around the sun this very year. In honor of this august occasion, the slider capital of the world has packed 2021 with all manner of celebrations. ‘What started as a few little hamburger stands has turned into a successful family-owned fast-food hamburger chain and retail brand that has withstood the test of time,’ Lisa Ingram, White Castle’s president and CEO, said in a statement.”, Thrillist, March 12, 2021
Articles and Charts About Doing Business Going Forward
“The Next Great Disruption Is Hybrid Work—Are We Ready? Exclusive research and expert insights into a year of work like no other reveal urgent trends leaders should consider as hybrid work unfolds. We’re on the brink of a disruption as great as last year’s sudden shift to remote work: the move to hybrid work — a blended model where some employees return to the workplace and others continue to work from home. We’re experiencing this at Microsoft, and today we shared how we’re evolving our own hybrid work strategy for our 160,000+ employees around the world.”, Microsoft, March 2021
“97% of Fortune 500 Companies Rely on Social Media. Here’s How You Should Use It for Maximum Impact. Social media platforms such as Instagram, Facebook, TikTok, YouTube and Pinterest offer countless ways for brands to connect with customers (both old and new). Additionally, as of 2021, there are roughly 3.78 billion social media users all over the world, a 5 percent increase from 2020.”, Entrepreneur, March 18, 2021
“Fast growth companies are the true powerhouses of the U.S. economy: A new study examines the economic multiplier effect of so-called “scale ups,” and the challenges these companies face. Executives of scaling companies are extremely optimistic about growth prospects, despite the economic uncertainty caused by the pandemic, according to the study, which surveyed 300 leaders of software companies, including 112 scaling companies…..these are companies increasing revenue and employees 20% or more each year.” Fast Company, February 2, 2021
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William (Bill) Edwards, CFE, is CEO and Global Advisor of Edwards Global Services (EGS). He has 46 years of international operations, development, executive and entrepreneurial experience and has lived in 7 countries. With experience in the franchise, oil and gas, information technology and management consulting sectors, he has directed projects on-site in Alaska, Asia, Europe and the Middle and Near East. Mr. Edwards advises a wide range of companies on early to long term global development of their brands.
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EGS Biweekly Global Business Newsletter Issue 25, Monday, March 8, 2021
By William (Bill) Edwards, CEO of Edwards Global Services, Inc. (EGS)
“Dare mighty things.”, Theodore Roosevelt. This was in a coded message on the main decent parachute for the NASA’s Perseverance Mars rover when it landed successfully on March 2, 2021
“The secret of change is to focus all your energy not on fighting the old but on building the new.” — Socrates, father of Western philosophy
“The value of an idea lies in the using of it.” — Thomas Edison, co-founder of General Electric
Introduction
Our biweekly newsletter focuses on what is happening around the worldthat impacts new trends, health, consumer spending, business investment and travel.
Highlights in issue #25:
- Global real GDP growth in 2021 is expected to be 5.3%…..The global recovery is expected to continue in 2022 with real GDP growth of around 4%.
- More than 299 million (vaccine) doses have been administered across 111 countries, but there is a mixed message in several countries that are being slow to vaccinate their populations.
- What’s Next For Small Businesses? 4 Trends And Predictions For 2021 And Beyond
- Milestone: All Apple U.S. stores are back open and Disneyland and other California theme parks can reopen April 1
- The future of work after COVID-19: A new McKinsey study
- Chile is leading Latin America in vaccinations
- Brand News: updates on Carl’s Jr®, Lift Brands®, P.J.’s Coffee®, Sola® Salon Studios and Walk-On’s Sport Bistreaux®
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 environment. Our GlobalTeam™ on the ground covers 43 countries and provides us with updates about what is happening in their specific countries.
Please feel free to send us your input and sources of information. Our contact information is at the bottom of this newsletter.
First, a few Personal Comments
‘Dare mighty things” is a great motto for the future of the world. Global business sentiment is rising as proven vaccines penetrate over 111 countries. Global GDP is projected to grow 5.3% in 2021. Global travel is still somewhat mixed with talk of multiple travel vaccine passports. California theme parks are reopening after a year of closures and that is probably the best news for the 25th issue of our biweekly global business update newsletter started way back on April 6, 2020.
Interesting Data and Studies
“The future of work after COVID-19: The pandemic accelerated existing trends in remote work, e-commerce, and automation, with up to 25 percent of workers than previously estimated potentially needing to switch occupations.”, McKinsey, February 18, 2021
”Global real GDP growth in 2021 is expected to be 5.3% (with a plausible baseline forecast range of 4.3–6.3%). The global recovery is expected to continue in 2022 with real GDP growth of around 4%. Major vaccination campaigns are in progress, and vaccination rates sufficient for herd immunity are likely to be attained in advanced economies in q3–q4 2021, allowing most social distancing restrictions to end by the end of 2021 and leading to a strong economic rebound in the second half of 2021.”, Euromonitor, March 8, 2021
Global Vaccine Update
“More than 299 million doses have been administered across 111 countries, according to data collected by Bloomberg. The latest rate was roughly 7.65 million doses a day. In the U.S., more Americans have now received at least one dose than have tested positive for the virus since the pandemic began. So far, 87.9 million doses have been given. In the last week, an average of 2.16 million doses per day were administered.”, Bloomberg, March 6, 2021
Latest update from Our World in Data. http://bit.ly/3bmxSTx
“A New Covid-19 Experiment From Asia: Letting Companies Buy Vaccines: Firms say strategy would allow faster return to full capacity, but public health experts warn it could steer limited shots to the middle class and wealthy. In Indonesia, where Covid-19 infections remain high and many businesses are operating with reduced staff, companies see the plan as an opportunity to return to full capacity faster and reassure workers concerned about contagion.”, The Wall Street Journal, March 8, 2021
“Vietnam began vaccinations with medical workers in Hanoi, Hai Duong and Ho Chi Minh City getting the first shots Monday morning, the government website reported. Health Minister Nguyen Thanh Long said Vietnam will receive 1.3 million vaccine doses this month and more are expected in April and May, according to the ministry’s website.”, Bloomberg, March 7, 2021
Global and Regional Travel Updates
“COVID-19 travel insurance becoming a vacation staple: COVID-19 insurance policies are increasingly joining passports and sunscreen as vacation staples, creating opportunities for insurers as more countries require mandatory coverage in case visitors fall ill from the coronavirus.”, Reuters, March 7, 2021
“Etihad Airways (EY) today announced an extension of coverage for their global COVID-19 insurance to September 30, 2021. ‘Extending Etihad’s COVID-19 global wellness insurance reinforces the effectiveness of Etihad Wellness, the airline’s health and hygiene [program],’ said EY Senior Vice President of Sales and Cargo Martin Drew. He further added that the extended coverages is ‘an added benefit automatically provided to all guests – no exceptions.’”, Airways Magazine, March 8, 2021
“In the thick of the pandemic, it seemed hard to imagine that we would ever travel for business again. Health and hygiene concerns coupled with global lockdowns, conspired to take all our meetings online. However, now the future is looking brighter, will businesses stay loyal to Zoom, or will we return to the old ways of travel and doing business face-to-face?”, Regus MagazineUK, February 2021
“‘I even miss the airline delays:’ Meet the business travelers who can’t wait to get back on the road. Some business travelers welcomed the pandemic’s pause. Not these road warriors.”, Washington Post, February 18th, 2021
“Australia Extends International Border Closure: To prevent the spread of COVID-19 in the country, Australia announces an extension of the closure of its international borders up to June 17.”, Airways Magazine, March 6, 2021
“Singapore Airlines will trial ‘vaccine passport’ app on flights between Singapore and London in coming weeks that could store negative Covid test results and proof of jab: The phone software from IATA stores evidence of a negative Covid test as well as the facility to store evidence travellers have had coronavirus vaccinations. It is being trialled over the next few weeks with Singapore Airlines on a route between Singapore and London.”, Daily Mail UK, March 3, 2021
“Qantas To Trial ‘Vaccine Passports’ To Ensure Incoming Passengers Have Covid-19 Jab: Qantas is sticking to its plan to ensure all passengers and crew on their planes are vaccinated against the coronavirus. The Aussie airline was the first in the world to announce a system that would require proof of a Covid-19 vaccination before flying when the jabs were approved and enough of the population had been vaccinated.”, LAD Bible, March 4, 2021
Australia
“The reported demise of the nation’s CBDs greatly exaggerated: research: Reports of the demise of Australia’s CBDs appear greatly exaggerated with new research suggesting they should emerge from the coronavirus pandemic as renewed economic powerhouses.”, Brisbane Times, March 1, 2021
Brazil
“Brazilian Airlines Await Vaccine as Recovery Stalls: While the months that have followed the March and April 2020 demand depression have seen a steady recovery in air traffic in Brazil, the second wave of the COVID-19 pandemic — which has been razing most states’ health systems — has made passenger numbers collapse again, especially with several states imposing restrictions that are almost analogous to lockdowns.”, Airline Geeks, March 7, 2021
“U.S. Commercial Service Brazil Country Commercial Guide: The Country Commercial Guide (CCG) is your trusted source about how to do business in an international market. Authored by seasoned trade experts at U.S. embassies and consulates, the guides provide insight into economic conditions, leading sectors, selling techniques, customs, regulations, standards, business travel, and more. Updated 2021
Chile
“Vaccination is going well in Chile. Why not its neighbours? Jabbing is politicised in much of Latin America. Having vaccinated nearly 20% of its adults, the sixth-best performance in the world, Chile is on track to meet its target of covering 80% of its 19m people by June 30th.”, The London Economist, March 6, 2021
China
“Manufacturing Recovery Slows as Employment Comes Under Pressure, Caixin PMI Shows: The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives an independent snapshot of the country’s manufacturing sector, fell to 50.9 in February from 51.5 the previous month…”, Caixing Global, March 1, 2021
“Marriott plans to open over 60 new hotels in China in 2021: The operation of these new hotels, as well as Marriott’s existing businesses, will prioritize China’s domestic market as international traveling has not fully resumed due to COVID-19. It will cater to holiday travel demands as well as short-distance travel and staycations. The company also plans to incorporate ways to attract younger guests.”, Shine, March 4, 2021. Compliments of Paul Jones, Jones & Co., Toronto
“China is the world’s most populous country with an astounding 1.44 billion citizens. Altogether, the size of the population of China is larger than nearly four regions combined: South America, Europe (excluding Russia), the U.S. & Canada, and Australia & New Zealand. Using data from the United Nations, this unconventional map reveals the comparative size of China’s population next to a multitude of other countries.”, Visual Capitalist, February 22, 2021
“Tim Hortons China raises fresh cash plans to add 200 shops in 2021: Tim Hortons China has completed a new fundraising round from Sequoia Capital China, Tencent Holdings and Eastern Bell Capital, and plans to add more than 200 shops to its network this year, the coffee chain operator said on Friday.”, Reuters, February 25, 2021. Compliments of Paul Jones, Jones & Co., Toronto
France
“France lifts restrictions on Oxford/AstraZeneca jab for over-65s: New data bring about policy shift as other EU countries likely to abandon age limits. France is to expand its use of the Oxford/AstraZeneca Covid-19 vaccine after additional clinical data proved its efficacy among people aged over 65, reversing the position Paris took a month ago.”, The Financial Times, March 1, 2021
Germany
“In major about-face, Germany to give AstraZeneca COVID vaccine to those 65 and over: Germany and Sweden joined countries widening guidelines for AstraZeneca Plc’s coronavirus vaccine, saying recent data now support giving the shot to the elderly.”, Fortune Magazine, March 5, 2021
India
“India’s Covid-19 Vaccine Is Found Effective, Boosting National Efforts: India’s Bharat Biotech said its Covid-19 vaccine has proven 81% effective at protecting people in a large clinical trial, a report that could invigorate India’s inoculation drive and vaccine-diplomacy efforts.”, The Wall Street Journal, March 3, 2011
Ireland
“This Economy Grew Faster Than China’s Thanks to Big Tech, Pharma: Ireland lured big tech and pharma companies to its shores with its low taxes. When the pandemic struck, that paid off handsomely. Today, the booming profits from those sectors are generating taxes that are helping the Irish government to pay for the costly lifelines it has thrown to much of the rest of the economy, which has been hammered by the pandemic.
Korea
“South Korea’s central bank says the country’s economy shrank for the first time in 22 years in 2020 as the coronavirus pandemic destroyed service industry jobs and depressed consumer spending. Preliminary data released by the Bank of Korea on Thursday showed the country’s gross domestic product last year contracted 1% from 2019.”, ABC News, March 4, 2021
New Zealand
“Franchize Consultants’ January 2021 Franchising Confidence Index sets the stage for the year, with 30 franchisors providing a window into current and more long-term opportunities and challenges. In terms of sentiment, the franchising community is more positive on most indicators compared to 2020.”, Franchising Confidence Index, February 12, 2021
Singapore
“Singapore’s economy is slowly recovering as income and spending tick upwards, DBS data shows: Analysing anonymised customer data, the island nation’s largest bank has noted salary improvements among lower-paid workers, and fewer customers showing wage cuts.”, South China Morning Post, March 2, 2021
Thailand
“Thailand starts COVID-19 vaccination campaign: Thailand kicked off its COVID-19 inoculation campaign on Sunday, with cabinet ministers, health officials and medical professionals among the first in the queue to receive vaccinations.”, Reuters, February 28, 2021
Turkey
“Gross Domestic Product obtained by addition of four quarters with chain linked volume index (2009=100), increased by 1.8% in 2020 compared with the previous year. Gross domestic product at current prices increased by 16.8% and reached 5 trillion 47 billion 909 million TRY in 2020 compared with the previous year. The gross domestic product per capita was 60 537 TRY and 8 599 US Dollars at current prices in 2020. Financial and insurance activities increased by 21.4% in 2020.”, Tuik.gov.tr, March 1, 2021
United Kingdom
“Early vaccine data suggests Britain won’t need another lockdown: Vaccination will stop people passing on the coronavirus “almost completely”, the Public Health England head of immunisation has forecast. Dr Mary Ramsay said evidence was mounting that vaccination worked to prevent infections and stop people transmitting the virus, something that would make it much easier to ease lockdown quickly and permanently.”, The Sunday Time of London, March 3, 2021
“Huge rise in holiday bookings as Britons dream of the sun: Spain and Greece top the destinations as firms report 600% increase in a week.”, The Times of London, February 23, 2021
“Schools to reopen across England tomorrow – here are the new safety measures and the key dates in other UK nations. Students have spent months learning remotely and those returning to secondary schools will find several safety measures.”, Sky News, March 7, 2021
“BP’s Office Staff to Work From Home Two Days a Week Under Hybrid Model: BP PLC said Monday that it is introducing a new hybrid model of working for staff who had previously been fully office-based, under which around 25,000 employees will typically work from home two days a week.”, The Wall Street Journal, March 8, 2021
United States
“U.S. Businesses Optimistic About Economy Due to Vaccines and Hiring, Fed Beige Book Says: Most businesses are optimistic about the economic recovery this year as coronavirus vaccines are more widely distributed and hiring picked up slowly across the country, a Federal Reserve report said Wednesday.”, The Wall Street Journal, March 3, 2021
“U.S. Set to Power Global Economic Recovery From Covid-19: For the first time since 2005, America may make a bigger contribution to growth than China…After the 2008 financial crisis, the global economic recovery was powered by China, as the U.S. experienced the weakest revival since the Great Depression. The world economy is likely to grow by around 6% this year, according to Oxford Economics, the fastest rate in almost half a century, as vaccine campaigns allow pandemic restrictions to be lifted and businesses to snap back.”, The Wall Street Journal, March 8, 2021
“Disneyland and other California theme parks can reopen April 1 — but it will be different than before: After being closed due to the coronavirus pandemic since March 2020, Disneyland received conditional approval from the state of California to reopen. Other in-state theme parks, such as Universal and Knott’s Berry Farm, can also open as soon as April 1.”, The Points Guy, March 5, 2021
“Apple says all U.S. stores open for the first time since start of pandemic: The milestone is a sign that the pandemic is winding down in the U.S. The stores closed nearly a year ago as COVID-19 first began to spread rapidly across the country. After two stores in Mexico reopen on Tuesday, there will only be 12 Apple stores in France and two stores in Brazil that are still closed, per CNBC.”, Axios, March 1, 2021
Brand News
“Ty Menzies and Andy Peat of Snap Fitness®: Many franchise brands project a ‘family-first’ philosophy, but when the times get tough, do they have what it takes to have the tough conversations needed with franchisees – as well as celebrating the victories? Ty Menzies, global CEO for Lift Brands®, believes that Snap Fitness® has exactly that. That’s what has allowed this 24/7 fitness provider to not only have thousands of sites open and in development around the world but also double-down on support for its growing network….”, Global Franchise magazine podcast, February 26, 2021
“Q&A with Christina Russell, CEO of Sola Salon & and The Woodhouse Day Spa: I have always had a true passion for helping others achieve their dreams of business ownership, and franchising has been the vehicle for countless individuals to pursue their entrepreneurial goals. So, there was a natural synergy that existed that immediately attracted me to franchising.”, Franchising.com, March 2021
“Walk-On’s Sports Bistreaux Opens Milestone 50th Restaurant: 20 years ago, the napkin that inspired our concept was drawn. To celebrate, we surprised our founder with a few sentimental gifts and a toast! Here’s to many more years of bringing game day with a taste of Louisiana to the rest of the country (and the world).”, LinkedIn post, March 4, 2021
“Carl’s Jr. just keeps growing and growing … now up to 24 restaurants in Spain with our Master Franchise Beer & Food! Now in Málaga!”, LinkedIn post, March 6, 2021
“PJ’s Coffee Is Brewing Up Franchise Opportunities in 2021: All told, franchisees opened 20 new locations during the year and the brand’s portfolio soared past 120 locations. Even still, brand officials said 2021 has the potential of being an even better year for growth and they expect to open 48 more stores in 2021.”, Franchising.com, March 5, 2021
“RFG (Australia) bets on drive-thrus, mobile vans to offset lingering shopping centre pains: Retail Food Group (RFG) is the latest major food & beverage company to bet on additional off-premise channels to offset the lingering impact of COVID-19 to its shopping centre locations.”, QSRMedia.com.au, February 21, 2021
“Everything you need to know to make your franchise a global success: A recent survey of Franchisor members of the International Franchise Association indicated more than 80% were either international or planned to go global this decade.”, Geowixard.biz, February 18, 2021
“The breakfast daypart is reawakening: Morning comfort foods and indulgences are bringing back home-bound diners. ‘[Consumers] are coming back to different dayparts and breakfast is one of them,’ said Melissa Friebe, senior vice president insights and analytics at Taco Bell.”, Nation’s Restaurant News, February 23, 2021
Articles and Charts About Doing Business in The Times Of COVID-19 and Beyond
“What’s Next For Small Businesses? 4 Trends And Predictions For 2021 And Beyond: Despite a challenging economy, Salesforce research found that a full third (34%) of small businesses said they’re prioritizing developing customer relationships over one-time transactions.”, Forbes, March 2, 2021
“Assuming control of the COVID-19 pandemic is forthcoming this year, FRANdata predicts that by year-end, franchising will have recovered to nearly 2019 levels in most metrics: business growth, employment, economic outlook, and contribution to the GDP. FRANdata projects that more than 26,000 new franchised business will open in 2021, recovering most of the losses felt in the previous year. Franchises will employ some 8.3 million people, adding nearly 800,000 new jobs.”, Franchise.org, February 2021
“Baby boomers, to retailers’ surprise, are dominating online shopping: Older Americans are increasingly buying groceries — and just about everything else — on the Internet, and those over 65 are now the fastest-growing category of e-commerce shoppers.”, The Washington Post, March 3, 2021
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EGS Biweekly Global Business Newsletter Issue 24, Monday, February 22, 2021
By William (Bill) Edwards, CEO of Edwards Global Services, Inc. (EGS)
“We delight in the beauty of the butterfly, but rarely admit to the change it has gone through to achieve that beauty”, Maya Angelo. Compliments of Catharine Monson, CEO, FASTSIGNS
“The secret of success is to do the common thing uncommonly well”, Averstu.com
“If your dreams do not scare you, they are too small.”, Richard Branson
““Travel is fatal to prejudice, bigotry and narrow-mindedness.”, Mark Twain
Introduction
Our biweekly newsletter focuses on what is happening around the worldthat impacts new trends, health, consumer spending, business investment and travel.
Highlights in issue #24:
- CEO business confidence on the rise in two surveys
- Australia, Japan and New Zealand begin to vaccinate citizens
- The future of work after COVID-19 – a major McKinsey report
- Pizza’s popularity has proven itself to be pandemic-proof and growing while restaurants in general continue to suffer during the crisis.
- US Consumers went on an Unexpected Rampage in January
- US Restaurant Customers Showing Signs Of Pandemic Fatigue
- Etihad Airways and Singapore Airlines have fully vaccinated air crews
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 environment. Our GlobalTeam™ on the ground covers 43 countries and provides us with updates about what is happening in their specific countries.
Please feel free to send us your input and sources of information. Our contact information is at the bottom of this newsletter.
First, a few Personal Comments
This issue has numerous updates on vaccines and travel around the world. Plus, some interesting executive confidence surveys and studies and announcements related to the future of work after COVID-19. As of today, the number of vaccine doses given to date around the world has reached 208,000,000 with the COVID-19 cases to date standing at 112,000,000. Travel new is both up and down but both airlines and travelers are planning for 3rd and 4th quarter increases. Finally, news on how some brands are innovating to meet global consumer needs and desires.
Vaccine Updates from Around the World
“Vaccines cut Covid hospital admissions by up to 94%: Edinburgh University research ‘very encouraging’. By the fourth week after the initial dose, the Pfizer-BioNTech and Oxford-AstraZeneca vaccines reduced recipients’ chances of being admitted to hospital with Covid-19 by up to 85 per cent and 94 per cent respectively.”, The Times of London, February 22, 2021
“Johnson unveils plan to end England lockdown by end of June: Prime minister announces easing of restrictions starting with reopening of schools on March 8. The prime minister’s long-awaited easing plan, published in a 60 page document on Monday, contains four stages for ending the harsh social distancing restrictions that will take place over a four-month period.”, The Financial Times, February 22, 2021
“Pfizer says it’s ramping up vaccine production: Pfizer CEO Albert Bourla said Friday that the company was adding suppliers and expanding its manufacturing capacity to ramp up production of the Pfizer-BioNTech coronavirus vaccine.”, Axios, February 19, 2021
“The CDC says people who are fully vaccinated can skip quarantine — with caveats: According to an update from the U.S. Centers for Disease Control and Prevention (CDC), fully vaccinated people will no longer be required to quarantine after being exposed to someone with COVID-19 if they meet all the criteria.”, The Points Guy, February 11, 2021
“Australian PM is vaccinated as rollout begins: Australian Prime Minister Scott Morrison has received the coronavirus vaccine as the country prepares to start inoculations this week. His jab was televised on Sunday in order to help boost confidence in the vaccine rollout across Australia. Vaccinations officially begin on Monday and at least 60,000 doses are expected to be administered next week.”, BBC News, February 20, 2021
“Japan formally approves its first COVID-19 vaccine: Japan has formally approved its first COVID-19 vaccine and says it will start nationwide inoculations within days, but months behind the U.S. and many other countries. Japan’s health ministry said it had approved the vaccine co-developed and supplied by Pfizer Inc.”, ABC News, February 14, 2021
“Japan vaccine supplies to be limited, delaying shots for elderly: Japan will only receive limited doses of COVID-19 vaccines for the first months of the rollout and shots for the elderly will be distributed gradually, the country’s inoculation chief said. Pfizer Inc, the maker of Japan’s only approved COVID-19 vaccine, is ramping up production in Europe, but those increased supplies are not likely to reach Japan until May, Administrative Reform Minister Taro Kono cautioned on Sunday in an interview with national broadcaster NHK.”, Reuters, February 22, 2021
“New Zealand begins COVID-19 vaccinations programme, Australia starts Monday: New Zealand started its official rollout of Pfizer-BioNTech’s COVID-19 vaccine on Saturday, while Australia finalised plans to begin inoculations on Monday, a new phase in tackling the virus that both countries have kept largely contained.”, Reuters, February 19, 2021
“Spain betting on vaccine passports to revive summer tourism: Spain hopes the introduction of vaccination passports combined with pre-travel COVID-19 testing will allow British tourists to return to Spanish destinations this summer, a tourism ministry source told Reuters on Tuesday. The government has no plans to introduce quarantines on foreign visitors, and was also counting on a wider agreement to be hammered out between Europe and Britain to remove restrictions on non-essential travel, the official added.”, Reuters, February 16, 2021
“Lifelong immunity hope for Covid-19 vaccine: Trials of coronavirus vaccines for children as young as five are set to begin within days, laying the groundwork for a childhood immunisation programme that could protect people from Covid-19 for most of their lives.”, The Times Of London, February 14,,2021
Interesting Data and Studies
“CEO confidence hits 17-year high as vaccine rollout continues: Overall, 82% of CEOs expect economic conditions to improve over the next six months, up from 63% last quarter, the Conference Board reported. The percentage of CEOs expecting conditions to worsen was cut in half, dropping to 7% from 15%. Similarly, 78% of CEOs anticipate short-term prospects in their own industries to improve, up from 65% in September.”, Axios, February 19, 2021
“CEO Projections 2021: Reigniting the Growth Engine: In the year ahead, an economic recovery will release pent-up demand. CEOs should consider these insights to prepare their business for the next growth cycle. CEOs report that “hiring, recruiting and sourcing” is their No. 1 decision area. Technology tops the list of planned investments for 2021. Morale is a critical challenge that CEOs must address at all levels.”, Vistage, February 21, 2021
Global and Regional Travel Updates
“What will travel look like after the pandemic?: Covid-19 has brought international travel to a standstill. But it will recover and may even become a better experience, says Simon Wright.”, The Economist. February 13, 2021
“Study Finds Most Travelers Are Rebooking Canceled Trips in 2021: More than half of travelers have rebooked or plan to rebook canceled trips in 2021, according to an IHG Hotels & Resorts survey of 6,000 people, including 2,000 Americans, conducted by OnePoll in January.”, Travel Pulse, February 9, 2021
“Three Main Latin American Carriers Reinforces Strategies to Protect Passengers: The main Latin American airlines LATAM, Avianca and Aeroméxico have announced campaigns to reinforce the safety and operational hygiene protocols offered to its passengers, all in line with the recommendations of international authorities.”, Airline Geeks, February 20, 2021
“The Importance of Travel & Tourism in Driving Global Economy: Restoring international travel and tourism will be vital to enhancing social progress and driving the global economy post-pandemic, according to a new Social Impact Paper released by the World Travel & Tourism Council (WTTC) in collaboration with U.S.-based nonprofit Social Progress Imperative (SPI).”, Travel Pulse, February 10, 2021
European Union Travel Confidence – https://bit.ly/3a1h1VL
Asia Pacific Traveler Confidence – https://bit.ly/2Zf0ZSd
“Alaska Airlines Offering VeriFLY Digital Health Passport for International Travel: Alaska Airlines passengers arriving in the U.S. will be able to streamline their required COVID-19 documents using the VeriFLY app beginning Friday, February 5, the airline announced on Thursday. The free and secure third-party app offers travelers expedited check-in and verification for their arrival to the U.S. so they can meet the latest entry requirements established by the Centers for Disease Control and Prevention (CDC) last month.”, Travel Pulse, February 4, 2021
“Crystal Cruises requiring COVID-19 vaccines for all passengers: On Thursday, Crystal Cruises announced its updated health and safety protocols, which require that all passengers are fully vaccinated at least 14 days before their voyage. Passengers will have to offer proof of vaccination in order to board.”, Fox News, February 20, 2021
“Delta plans to block middle seats through April to give passengers ‘complete confidence’: Delta Air Lines announced Monday it would extend its commitment to blocking middle seats on flights through April…. Several U.S. airlines blocked seats for a while in the name of social distancing amid the coronavirus pandemic; however, all but Delta have since abandoned the practice.”, USA Today, February 8, 2021
“Etihad Airways Operates with 100% Vaccinated Crew: In an effort to help curb the spread of COVID-19, Etihad Airways (EY) has become the world’s first airline with all its operating pilots and cabin crew vaccinated. Through this, the United Arab Emirates’ national airline strives to give peace of mind to passengers traveling with it., Airways Magazine, February 11, 2021
“Air New Zealand Will Trial Vaccine Passport System On Flights To Australia: Air New Zealand will ask its passengers to use a digital health pass on flights to Australia as a trial run for a future digital “vaccine passport” that travellers will use to confirm that they have been immunized against Covid-19, offering a possible glimpse into international travel in the post-pandemic world.”, Forbes, February 22, 2011
“SAS Plans 180 European Destinations for Summer 2021: Expecting ease in travel restrictions and a healthier situation with the rollout of the COVID-19 vaccine, SAS Scandinavian Airlines (SK) will increase capacity on all domestic routes for the coming Summer season. The new approach is to apply both to the Nordic destinations as well as to major cities in Europe. According to the airline, the new flight program is to meet an increase in demand for leisure as well as business travel assuming that travel restrictions have eased.”, Airways Magazine, February 10, 2021
“Singapore Airlines Is Operating Flights With Completely Vaccinated Crews: All three airlines under the SIA Group umbrella—including Singapore, its regional carrier Silk Air, and its budget arm, Scoot—are now “among the first carriers in the world to operate flights with a full complement of vaccinated pilots and cabin crew,” according to a release from the airline.”, Condé Nest Traveler, February 11, 2021
Latin America
Australia
“How Melbourne beat Covid-19 with strict lockdown and computer modelling: Jason Thompson had to endure public pressure while predicting how 1,000 scenarios would affect cases, Bernard Lagan writes. As a clinical psychologist Jason Thompson knows all about stress, and as Australia’s second largest city struggled with a venomous second wave of Covid-19 late last year he was under huge pressure. With six million people shuttered in their homes in and around Melbourne, the crippled city was relying on him to work out when they could resume their lives.”, The Times of London, February 18, 2021
“Brisbane’s first online-only delivery hub opens: A warehouse in Brisbane’s south has become the city’s first hub of ‘smart kitchens’ that cater purely for online delivery services such as Deliveroo and Uber Eats. The facility in Coorparoo houses 29 kitchens, purpose-built for existing and new restaurants to cater for online food deliveries.”, Brisbane Times, February 10, 2021. This article is compliments of Jason Gehrke, Managing Director of the Franchise Advisory Centre, Brisbane, from their February 19, 2021 franchise newsletter.
Mainland China
“China unveils plan to transform manufacturing sector with internet of things: China plans a hi-tech transformation of manufacturing to offset rising production costs and consolidate its position in global supply chains. Beijing will help modernise the sector with advancements in 5G, cloud computing and IoT, the government said on Thursday.”, South China Morning Post, February 18, 2021. Compliments of Paul Jones, Jones & Co., Toronto
“China set to be first country where e-commerce sales outstrip bricks-and-mortar retail in 2021: Some 52.1 per cent of China’s overall retail sales are expected to come from e-commerce transactions this year, according to research firm eMarketer The pandemic boosted online sales that were already growing at a steady clip thanks to the rapid digitalisation of traditional trade-in China, experts say.”, South China Morning Post, February 19, 2021, Compliments of Paul Jones, Jones & Co., Toronto
“Sky’s the Limit for China’s Record Lunar New Year Box Office Takings: The annual Lunar New Year vacation has not yet finished, but amid stories of hard-to-buy movie tickets and seats costing a third more than usual, China’s cinema sector has bounced back to record 6 billion yuan in advance sales since the holiday began on Feb 11. This includes over 1 billion yuan (US$150 million) a day for the first three days of the Year of the Ox.”, Caixing Global, February 16, 2021
“China’s Gen Z consumers drive growth of domestic brands as spending power rises: This group of young consumers — born between 1996 and 2010 — accounts for 17% of China’s population but 25% of total expenditure on new brands, according to L Catterton’s latest consumer insights report on China. Unlike previous generations, China’s Gen Z cohort is notably more globally minded and enthusiastic about ‘Made in China” products, said Charlotte Chang, vice president of consumer insights at L Catterton.’”, CNBC, February 16, 2021
India
“Is the epidemic finally coming to an end in India? Is the epidemic firmly in retreat in a country where many early modellers had predicted millions of deaths due to Covid-19? By the middle of last week, India was barely counting an average of 10,000 Covid cases every day. The seven-day rolling average of daily deaths from the disease slid to below 100. More than half of India’s states were not reporting any Covid deaths. On Tuesday, Delhi, once an infection hotspot, did not record a single Covid death, for the first time in 10 months.”, BBC News, February 17, 2021
Israel
“Israel’s COVID vaccination pass opens fast track to normal life: Israel reopened swathes of its economy including malls and leisure facilities on Sunday, with the government saying the start of a return to routine was enabled by COVID-19 vaccines administered to almost half the population.”, Reuters, February 20, 2021
“Israel to reopen gyms, hotels to people who have been vaccinated: Israeli Prime Minister Benjamin Netanyahu said Saturday that people who have been fully vaccinated against the coronavirus will soon be able to download a certificate that would allow them to attend cultural events, fly abroad and go to gyms.”, Axios, February 20, 2021
Japan
“Japan extends economic recovery as exports, capex shake off COVID hit: Japan’s economy expanded more than expected in the fourth quarter, extending the recovery from its worst postwar recession thanks to a rebound in overseas demand that boosted exports and capital spending.”, Reuters, February 14, 2021
“Japan Keeps Its Covid Fight Simple With a Rule Starting at Dinnertime: Avoiding lockdowns, Tokyo has success controlling infections with minimalist approach. In the fight to suppress Covid-19, Japan has found success by stripping down its policy to one simple measure: closing restaurants and bars at 8 p.m. The government hopes to lift the state of emergency by March 7.”, The Wall Street Journal., February 9, 2021
“Like most economies across the globe, Japan’s has taken a hit from the coronavirus pandemic. The world’s third-largest economy contracted for three consecutive quarters beginning in Q4 of 2019. Its real gross domestic product shrank 4.8 percent in 2020 – the largest decrease since 2009. Still, all things considered, Japan has weathered the storm fairly well. Its unemployment rate, which has hovered around 2.5 percent for the past three years, did not rise significantly in 2020, thanks largely to employment protection subsidies.”, Geopolitical Futures, February 19, 2021
Singapore
“Singapore on path to recovery as fourth-quarter GDP shrinks less than estimated: Gross domestic product (GDP) fell 2.4% year-on-year in the quarter, the ministry of trade and industry said on Monday, versus the 3.8% drop seen in the government’s advance estimate. Analysts had expected a contraction of 3.5%, according to a Reuters poll.:, Reuters, February 14, 2021
United Kingdom
“Experts predict huge fall in Covid patients: The number of coronavirus patients in hospitals in England will more than halve over the next month, according to internal government projections seen by The Times. Only one per cent of people offered a coronavirus jab have turned the chance down, according to the Office for National Statistics.”, The Times of London, February 12, 2021
“British business is in surprisingly good shape: Although the economy has shrunk by a tenth in a year, companies are flush. Despite the pain in the hospitality and retail sectors, company insolvencies in England and Wales fell by a fifth between 2019 and 2020. While overall business profits slipped in 2020, the impact was far less severe than in the financial crisis of 2008 or the early-1990s recession. And British businesses have never held so much cash.”, The Economist, February 13, 2021
“Warnings inflation could breach 2% target as prices rise: Prices rose in January in what some economists warned could mark the first step towards increasing costs post-lockdown. Consumers paid more for food and sellers of household goods offered smaller-than-usual New Year discounts, official figures suggest. Inflation rose 0.7% in the 12 months to January, up from December’s 0.6%.”, BBC News, February 17, 2021
“Wendy’s Is Reopening Here For the First Time in Two Decades: Get ready for square-shaped burgers, England! During the summer of 2020, Wendy’s Company announced that it is hoping to return to the U.K. after a 20-year absence, and the news was recently confirmed with new details. In the coming months, the chain will open locations in Reading and Oxford, and locations in London are being looked into next, according to The Sun.”, Eat This, Not That!, February 21, 2021
United States
“US: Consumers went on an Unexpected Rampage in January: The US consumer came roaring back with a vengeance in January as retail sales sky-rocketed 5.3% m/m, far beyond expectations of 1.2%. It was the first gain after three consecutive months of losses. Outside of the pandemic, it was the third-largest monthly gain ever, and it was the largest gain since October 2001, the month after the 9/11 attacks. Of the 15 categories reporting for December, there wasn’t a single decline.”, Euler Hermes, February 17, 2021
“Restaurant Customers Showing Signs Of Pandemic Fatigue: Concern for safety protocols such as masks and gloves softened among consumers. Consumers favored shorter wait times over safety protocols. Curbside and in-store pickups are on the rise.”, Franchising.com, February 15, 201
“The International Franchise Association (IFA) estimates more than 26,000 franchised locations will be added this year, (in the USA) offsetting declines seen in 2020. Employment is projected to grow by more than 10%. The projections hinge on several factors including control of the pandemic, the vaccine rollout and government aid to businesses and individuals. In its annual economic outlook, the International Franchise Association is estimating more than 26,000 franchised locations will be added, or a gain of 3.5% to more than 780,000 establishments.”, CNBC, February 17, 2021
“Pizza proves to be pandemic-proof: Pizza’s popularity has proven itself to be pandemic-proof and growing while restaurants in general continue to suffer during the crisis. According to The New York Times, combined revenue for Domino’s and Papa John’s through much of 2020 ‘grew so much that it was roughly equivalent to their selling about 30 million more large cheese pizzas than they had the year before.’”, LinkedIn News, February 14, 2021
“Salesforce rethinks its Ivory Tower offices: The company announced Tuesday a new “work from anywhere” strategy that gives employees far more flexibility to choose what place they consider the office. Salesforce said most employees will work from the office only one to three days a week, while some will work fully remotely. It now foresees that only the smallest share of its workforce will come to an office each day.”, Axios, February 10, 2021
Brand News
“Why Burger King France Handed Out a Free Bag of Potatoes to Every Customer Who Wanted One: The chain bought surplus crops from struggling farmers hit by the pandemic. To help farmers in France, Burger King snapped up an extra 200 tons of potatoes that otherwise would not have been sold. But what was it going to do with all those potatoes? The solution: Give away a free kilogram bag of potatoes to any drive-thru customer who wanted one (it came out to about 181,000 bags up for grabs, by our calculations).”, Ad Week, February 16, 2021
“Checkers & Rally’s Rolls Into the Future with New Look and Momentum: The chain’s “restaurant of the future” model will debut this summer. Same branding. More contemporary design. In 2020, Checkers beat counter-service competition by more than 600 basis points, CEO Frances Allen says.”, QSR Magazine, February 11, 2021
“Denny’s starts three-phase rollout of new virtual brands: More than half of U.S. locations have signed up for Burger Den, Melt Down delivery-only concepts, CEO John Miller says. the three-phase rollout began earlier this month, the company said Tuesday. ‘These brands provide opportunities at dinner and late night to leverage underutilized labor and kitchen space,’ said John Miller, CEO of the Spartanburg, S.C.-based family dining brand, on a fourth-quarter earnings call Tuesday.”, Nation’s Restaurant News, February 19, 2021
“McDonald’s testing plant-based McPlant burger at select locations in Scandinavia: Customers in Denmark and Sweden are the first to sink their teeth into the sandwich. The meatless burger was first teased as an upcoming menu offering during an Investors Day event in Nov. 2020. Made with a “juicy, plant-based patty” and “all the classic toppings” on a sesame seed bun, the McPlant was touted as the only plant-based burger with the “iconic” McDonald’s taste.”, Fox News, February 2, 2021
“Wingstop’s digital sales skyrocket during pandemic: Fast-casual brand sees digital business push past $1 billion, to more than 60% of systemwide sales, CEO Charlie Morrison says. The Dallas-based fast-casual brand said systemwide sales were $1.95 billion for the fiscal year ended Dec. 26, compared to $1.52 billion in the prior year.”, Nation’s Restaurant news, February 18, 2021
“Restaurants and Startups Try to Outrun Uber Eats and DoorDash: Big delivery-app fees gnaw at many restaurants; entrepreneurs and eateries pitch workarounds. DoorDash Inc., Uber Technologies Inc.’s UBER Eats and Grubhub Inc. GRUB can charge restaurants up to 30% of every order—a chunk many owners say dents profits even as more orders come in. A new crop of services is promising online ordering at a lower cost to eateries, by letting the restaurants arrange more deliveries themselves.”, The Wall Street Journal, February 21,,2021
Articles and Charts About Doing Business in The Times Of COVID-19 and Beyond
“The future of work after COVID-19: Here, we assess the lasting impact of the pandemic on labor demand, the mix of occupations, and the workforce skills required in eight countries with diverse economic and labor market models: China, France, Germany, India, Japan, Spain, the United Kingdom, and the United States. Together, these eight countries account for almost half the global population and 62 percent of GDP.”, McKinsey, February 18, 2021
“10 Biggest Challenges Small Business Owners Face Right Now: The small business owner and entrepreneur has been challenged over the past year. How can you help those in need? Everyone needs a village.”, Entrepreneur Magazine, February 20, 2021
“The World’s Most Searched Consumer Brands: Strong brands create an emotional link with consumers, and tech brands are no exception. In fact, Google, Amazon, Netflix, and even eBay rank as some of the most searched consumer brands worldwide. It’s hard to imagine life without these household names, but how do brand preferences shift and change across internet searches worldwide?”, Visual Capitalist, February 12, 2021
“Where Are the Oldest Companies in Existence? In just a few decades, it’s possible that some of today’s most recognized companies may no longer be household names. Corporate longevity, or the average lifespan of a company, has been shrinking dramatically. In the 1960s, a typical S&P 500 company was projected to last for more than 60 years. However, with the rapidly transforming business landscape today, it’s down to just 18 years.”, Visual Capitalist, February 21, 2021
Who We Are and How We Help Companies ‘Go Global’ Successfully
Edwards Global Services, Inc. (EGS) provides a complete International solution for U.S. businesses Going Global. From initial global market research and country prioritization, to developing new international markets, providing in-country operations support and problem solving. around the world. Our U.S. based executive team has experience living and working in many countries. Our Associate network on the ground overseas covers 40+ countries.
Founded in 2001, Edwards Global Services, Inc. (EGS) takes businesses global and currently has activity in 25 countries. Our Clients are consumer-faced brands. Edwards Global Services, Inc. (EGS) has twice received the U.S. President’s Award for Export Excellence.
Find out more about the services we provide companies Going Global at:
Download our 4th quarter 2020 GlobalVue™ 40 country ranking chart at this link:
Download our latest published article, “2021 International Outlook – Mixed Prospects Amid Global Uncertainty”, go to this link:
William Edwards, CFE, is CEO and Global Advisor of Edwards Global Services (EGS). He has 46 years of international operations, development, executive and entrepreneurial experience and has lived in 7 countries. With experience in the franchise, oil and gas, information technology and management consulting sectors, he has directed projects on-site in Alaska, Asia, Europe and the Middle and Near East. Mr. Edwards advises a wide range of companies on early to long term global development of their brands.
For truly global market research, operations and development support across 40 countries on taking your business global successfully contact Mr. Edwards at bedwards@edwardsglobal.com or +1 949 224 3896.
https://calendly.com/geowizard/30min Click here to schedule a call with Bill Edwards
EGS Biweekly Global Business Newsletter Issue 22, Monday, January 25, 2021
By William (Bill) Edwards, CEO of Edwards Global Services, Inc. (EGS)
“The future depends on what we do in the present”, Mahatma Gandhi
“Life is like riding a bicycle. To keep your balance, you must keep moving.”, Albert Einstein
“We must be willing to let go of the life we planned so as to have the life that is waiting for us.”, Joseph Campbell
Introduction
Our biweekly newsletter focuses on what is happening around the worldthat impacts new trends, health, consumer spending, business investment and travel.
Highlights in issue #22:
- Vaccine Updates from Around the World:Ramped up production and better distribution are widely needed
- A new USA administration takes office and starts to define trade policies
- What you need to know about traveling in 2021 from several sources
- The art and science of boarding an airplane in a pandemic
- Health passports for travel are beginning to be available
- 40 Happy Pictures to Take Your Mind Off Things from ‘Readers Digest’
We consistently monitor 30+ countries, 40+ international information sources and six business sectors to keep up with what is going on in this ever-changing environment. Our GlobalTeam™ on the ground covers 43 countries and provides us with updates about what is happening in their specific countries.
Please feel free to send us your input and sources of information. Our contact information is at the bottom of this newsletter.
First, a few Personal Comments
‘It’s the last mile”, said Honeywell Chief Executive Darius Adamczyk. As you can read below, the challenges currently are producing sufficient vaccine and getting it the last mile to the end user – us humans! But the really good news is that there are a number of apparently effective vaccines available.
As surely the reader knows, the USA has a new President. The expectation is for a calmer, more consistent and less tweet filled 2021.
Vaccine Updates from Around the World
“What to Know About the Global COVID-19 Vaccine Rollout So Far: Several countries stand out for their success in delivering coronavirus vaccinations, while most of the world is struggling to figure out how to get immunizations into more arms.”, The Council on Foreign Affairs, January 25, 2021
“Johnson & Johnson Aims for 100 Million Vaccine Doses by Spring: ‘Johnson & Johnson is making a very large supply, going all out with its production both here in the U.S. and elsewhere around the world, with the goal of having perhaps enough vaccines for 100 million Americans by spring, by this April or so,’ (Dr. Mark) McClellan (A Johnson & Johnson board member) said. 1So that’s going to make a big difference in supply available over the coming weeks and months, if the clinical trial does work out.’, Barron’s, January 22, 2021
“Coronavirus vaccine delays halt Pfizer jabs in parts of Europe: Vaccinations in parts of Europe are being held up and in some cases halted because of a cut in deliveries of the Pfizer-Biontech vaccine. Germany’s most populous state and several regions in Italy have suspended first jabs, while vaccinations for medics in Madrid have been stopped too. The US pharmaceutical firm has had to cut deliveries temporarily while cases in many European countries surge.”, BBC News, January 22, 2021
“Fed-Up Executives Plot a Faster Covid-19 Vaccine Rollout: Honeywell CEO and other leaders say their operational know-how can help jump-start America’s vaccine administration. ‘It’s the last mile,’ Honeywell Chief Executive Darius Adamczyk said of the problems that have plagued the vaccine rollout. “We dramatically need to pick up the pace.”, The Wall Street Journal, January 21, 2021
“Africa’s long wait for the Covid-19 vaccine: Africa will have to wait “weeks if not months” before receiving Covid-19 vaccines approved by the World Health Organization, according to various officials working towards getting doses for the continent. Close to 900 million doses have been secured so far through various initiatives, enough to inoculate about 30% of the continent’s 1.3 billion people this year.”, BBC News, January 22, 2021
Interesting Data and Studies
From “TOP 10 GLOBAL CONSUMER TRENDS 2021’ by Euromonitor International, January 2021
“40 Happy Pictures to Take Your Mind Off Things”: We need a bit of relief these days!
Global and Regional Travel Updates
“Delta CEO: Coronavirus vaccine could restore profitability by summer: Delta Air Lines CEO Ed Bastian told FOX Business Network’s “The Claman Countdown” Thursday that the company could return to profitability in six months’ time as more people receive the vaccine. ‘I think we’ll be profitable this summer,’ he said. ‘That requires that the vaccines become distributed at a higher pace and that we as a country continue to take the necessary steps to combat COVID and put the virus into a contained mode.; Bastian believes the U.S. can approach herd immunity by summer, allowing more people to travel confidently.”, Fox Business, January 14, 2021
“The art and science of boarding an airplane in a pandemic: Researchers and airlines obsessed over efficiency now worry about safety, too….. ‘Airlines are dealing with a very precious balancing act,’ says Martin Rottler, an aviation veteran who now runs his own consultancy. ‘They need to balance efficiency with customer satisfaction, and now they need to add on safety.”, ARS Technica, January 23, 2021
“Your Questions About the COVID-19 Vaccine and Travel, Answered: Experts on what the industry could look like after shots become widely available. While the pandemic likely won’t end until the majority of the world’s population is vaccinated, many of us are looking ahead to a return to travel. But what will that look like after the vaccine widely available?”, Conde Nast Traveler, January 13, 2021
“What You Need to Know for Traveling in 2021: As the pandemic continues, many people are still planning major trips for later this year—here are the factors to consider before booking. Demand is double-barreled. Many travelers rebooked canceled 2020 trips for dates in 2021 and 2022. In addition, there’s massive pent-up demand for travel. But travel has changed. It will require more paperwork, preparation and patience.”, The Wall Street Journal, January 13, 2021
“Etihad, Emirates Launch IATA Travel Pass App: The International Air Transport Association (IATA) today announced partnerships with Etihad Airways (EY) and Emirates (EK) to launch the IATA Travel Pass for guests of two airlines. The IATA Travel Pass is a mobile app that helps passengers easily and securely manage their travel in line with government requirements for COVID-19 tests or vaccines.”, Airways Magazine, January 19, 2021
“Singapore Airlines aims to vaccinate entire workforce, become first fully-vaccinated carrier in the world: Singapore’s Changi Airport opened a vaccination center in Terminal 4. Singapore’s Transport Minister Ong Ye Kung, as well as Singapore Airlines CEO Goh Phong Choon, are currently urging all employees of the country’s national carrier to register for the first dose of their COVID-19 vaccinations, with the goal of completing the vaccination of all front-line workers in the aviation and maritime industries within two months.”, Fox News, January 18, 2021
“American Airlines Passengers Can Soon Upload COVID-19 Test Results to New Health Passport Before Travel: The app will be available to passengers traveling internationally starting Jan. 23.”, Travel and Leisure, January 19, 2021
“EU leaders draw up coronavirus vaccine passports to restart foreign travel: European Union leaders will discuss plans next week for coronavirus vaccination “passports” to allow people who have had the injections to avoid travel restrictions and go on holiday.”, The Times Of London, January 15, 2021
“All UK travel corridors to close on Monday to stop new Covid variants: Everyone travelling to Britain from Monday will have to produce a negative coronavirus test taken within the previous 72 hours and go into immediate isolation for up to ten days.”, The Times of London, January 16, 2021
“Lufthansa’s Boeing 747-8 (and first class) returns to the US in March: The route is set to switch back to the 747-8 on Mar. 30, 2021. This route is currently operated by the airline’s Airbus A350-900…. This marks the return of Lufthansa’s first-class service to the U.S. as well.”, The Points Guy, January 15, 2021
“Qatar Airways: More Capacity on Flights to USA: Qatar Airways (QR) has announced it will add its 12th gateway in the US with four-weekly flights to Atlanta (ATL) starting June 1. The carrier will also significantly increase frequencies, adding an additional 13 weekly flights to operate a total of 83 weekly flights across its 12 gateways.”, Airways. January 22, 2021
“KLM suspending long-haul operations to stem COVID-19 spread: As part of the Dutch government’s bid to crack down on the spread of COVID-19, the airline said that it will suspend 270 weekly flights, according to Reuters. When it takes effect on Jan. 22, the suspended routes will include all intercontinental flights as well as some connections between Amsterdam and other European destinations where crew have to stay overnight.”, The Points Guy, January 21, 2021
“Aeromexico Secures COVID-19 Testing Partnership for U.S.-Bound Travelers: In response to the new COVID-19 testing requirement for international air travelers entering the U.S., Mexico’s largest carrier Aeromexico has reached agreements with two large medical laboratories in Mexico to provide discounted COVID-19 testing and benefits for its travelers in Mexico and those on partner airline Delta Airlines.”, Airline Geeks, January 24, 2021
“Everything You Need to Know Before Traveling to Mexico During the COVID-19 Pandemic: Planning a trip soon? Here’s what you need to know.”, Travel and Leisure, January 21, 2021
“Air Canada Adds Flights to Cairo, Egypt: Air Canada (AC) is launching flights from Montréal (YUL) to Cairo (CAI) in Egypt, which marks a new destination for the airline. According to MEDIAinTORONTO, AC has confirmed the establishment of this new route.”, Airways, January 23, 2021
“Saga Cruises: First To Require Covid-19 Vaccinations, Bookings Surge – The U.K. cruise company, Saga, has become the first tour operator to require passengers to have a Covid-19 vaccination before setting sail. It marks a turning point in international travel, as more and more companies are deliberating how to safely restart travel, and as the clamours for ‘vaccination passports’ or ‘immunity passports’ become louder.”, Forbes, January 23, 2021
Australia
“Iconic fast-food chain Pizza Hut has declared ambitions to unseat rival Domino’s as the nation’s dominant pizza chain, as its private equity owner Allegro Funds explores a possible ASX float of the business.”, Brisbane Times, January 17, 2021
“Fast food giant Five Guys chooses unusual spot to launch its first site in Sydney: Seagrass Boutique Hospitality Group has signed a deal with the Panthers Group to open next door to the Leagues Club and in between a KFC and McDonalds. The Five Guys eatery will also be adjacent to the first Krispy Kreme store in Australia.”, News.com.au, January 19, 2021
The two Australia articles above are supplied compliments of Jason Gehrke, Managing Director, Franchise Advisory Centre, Brisbane
Brazil
“Brazil braced for IPO spree this year after bumper 2020: Bankers says pipeline of companies preparing to hit markets may be ‘biggest ever’. Brazil’s stock market is gearing up for another rush of flotations in 2021, after an army of new investors helped spur the strongest year for initial public offerings in more than a decade.”, The Financial Times, January 20, 2021
Mainland China – Chinese New year is February 12th
“China Trade Surplus Hits Record as Exports Surge More Than Expected: China’s goods trade surplus hit a record high last month while exports rose more than expected, official data showed Thursday, as overseas demand for personal protective and remote work equipment remained strong while the Covid-19 pandemic continued to rage across much of the world. Exports rose 18.1% year-on-year in dollar terms in December, down from 21.1% in the previous month, according to data (link in Chinese) from the General Administration of Customs. Imports increased 6.5% year-on-year in December, faster than the previous month’s 4.5%.”, Caixin Global, January 14, 2021
“CPI returns to growth while factory gate deflation continues to ease in December: Year-on-year growth in CPI picked up to 0.2% in December, returning to positive territory. Factory gate deflation eased as the year-on-year growth in PPI improved to minus 0.4% in December. Year-on-year growth rate of the purchaser price index of industrial products improved to 0.0% in December, ending 18 consecutive months of deflation in upstream price.”, FBIC Group, January 18, 2021
“China’s economic centre of gravity is moving south: The country’s dynamic southern provinces now account for two-thirds of output….The south’s share of GDP has risen to 65%, up from 60% five years ago and the highest on record.”, The Economist, January 20, 2021
“Starbucks cultivates growing taste of coffee in China: In 1999, the first Starbucks outlet on the Chinese mainland opened in Beijing, a pioneering move to nurture a taste of coffee in a tea-drinking culture. The company’s initial attempt in the Chinese market failed to generate a profit in the first nine years. “We were not successful in the early years,” acknowledged Howard Schultz, Starbucks Corporation’s chairman emeritus. “It took us several years to get traction and gain success and loyalty,” he said in an interview with China Global Television Network.”, Shine/ Xinhua, January 20, 2021. This articled was submitted by Paul Jones, Jones & Co., Toronto
Mexico
“Cancun Hotels Offer Free Covid Tests And Discounted Quarantine Stays: In Cancun area, hotels are taking the lead in making guests feel comfortable. Posadas Resorts, including The Grand Fiesta Americana and LiveAqua, the Hard Rock Hotel and AMResorts’ many brands are offering free on-site Covid tests.”, Forbes, January 15, 2021
Japan
“Bank of Japan lifts next year’s growth forecast, saves ammunition as virus risks linger: The Bank of Japan kept monetary policy steady on Thursday and upgraded its economic forecast for next fiscal year, but warned of escalating risks to the outlook as new coronavirus emergency measures threatened to derail a fragile recovery.”, Reuters, January 21, 2021
“Japan Denies ‘Categorically Untrue’ Rumors of 2021 Tokyo Olympics Being in Doubt: The Japanese government released a statement Friday saying rumors it’s been decided the Summer Olympics in Tokyo will be canceled because of the COVID-19 pandemic are ‘categorically untrue.’”, Bleacher Report, January 22, 2021
Singapore
“These Singapore hotels are offering health insurance for guests who catch COVID-19: In an effort to ease some of the worries that still come with traveling, one hotel group has announced it will offer health insurance to all of their guests so that their expenses will be covered in case they contract COVID-19 during their stay.”, Lonely Planet, January 20, 2021
United Kingdom
“Trucks sent to Britain return to EU without goods over post-Brexit export fears as UK firms are ‘told to set up hubs across the Channel’ to help avoid disruption: Bosses of firms claim they have been advised to set up subsidiaries in Europe”, The Daily Mail, January 25, 2021
United States
Most of the business related news in the USA since our last biweekly newsletter is focused on the new Biden administration and how they will handle trade issues.
“Biden Team Promises New Look in Trade Policy: A ‘worker-centered’ policy means less focus on opening markets for banks and drug makers. Leading members of the Biden administration are promising a very different approach to international trade. No longer would American negotiators focus on opening markets for financial-service firms, pharmaceutical companies and other companies whose investments abroad don’t directly boost exports or jobs at home.”, The Wall Street Journal, January 24, 2021
Brand News
“How McDonald’s technology investments helped it navigate the pandemic: Chief digital customer engagement officer Lucy Brady talks about outdoor digital menu boards, kiosks and more.”, Nation’s Restaurant News, January 20, 2021
“Chipotle, Just Eat Takeaway CEOs bullish on return to normal: Fast-casual U.S. chain Chipotle Mexican Grill Inc and Dutch delivery company Just Eat Takeaway.com predicted a return to more normal levels of dining out by spring or summer of 2021, they said on Thursday. The two companies, which have both prospered during the coronavirus pandemic, saw little downside to the idea that consumers will want to eat in dining rooms again – instead of grabbing burritos to go or ordering in-home delivery.”, Reuters, January 14, 2021
“Denny’s tests two virtual brands with rollout plans: Family-dining brand says the virtual brands focus on burgers and melts. Denny’s Corp., the family-dining brand, is testing two virtual brands that it plans to expand in 2021 and they “focus on burgers and melts,” the company said Monday. ‘Both concepts have shown promising results in testing and each is expected to be launched in the first half of fiscal 2021 in over half of Denny’s domestic restaurants,’ the company said in a press release before its presentation at the 23rd annual ICR Conference 2021, which was held virtually.”, Nation’s Restaurant News, January 11, 2021
“This Book Is Required Reading For Every Chick-Fil-A Manager: According to Maisie Bolton, a former Chick-fil-A assistant manager, every manager is given a copy of Ken Blanchard’s book, The New One Minute Manager, with the hope that the manager will follow the tips provided within….”, Mashed.com, January 22, 2021
“Stories from the Covid-19 Front Lines: Scott Williams, Batteries Plus CEO: How many locations has your brand reopened? How many closed permanently? ‘All of our stores remain open. In fact, none of our stores had to close as Batteries Plus was deemed an essential business almost immediately. To add to all of this, we were on track to sign for 30 new stores during the course of 2020, with the majority of those signings since March.’”, Franchising.com, January 24, 2021
“How Covid accelerated the rise of ghost kitchens: The Covid pandemic has decimated the restaurant industry and has created huge demand for food deliveries. It’s leading to the accelerated growth of ghost kitchens, or cooking facilities that produce food only for delivery and takeout with no dine-in areas. According to Euromonitor, ghost kitchens could create a $1 trillion global market by 2030.”, CNBC, January 15, 2021
“White Castle celebrates Valentine’s Day with a retro drive-in dining experience: Reservations are now open for ‘Slider Lover’s Point’. For the past 29 years, White Castle has established itself as the dark horse of Valentine’s Day hoopla. Instead of scrapping this year’s festivities due to COVID-19, White Castle is taking it outside and launching “Slider Lover’s Point,” a socially distanced drive-in dining experience that will take over more than 300 parking lots across the country.”, Time Out, January 12, 2021
“Topgolf opens first location in Dubai: Topgolf Entertainment Group has announced the opening of its first location in Dubai, UAE, which marks the fifth country where Topgolf venues now operate. The brand currently has 64 sites in operation, throughout the U.S., U.K., Australia, and Mexico. This news comes shortly after Topgolf announced plans for more venues across Southeast Asia.
Articles and Charts About Doing Business in The Times Of COVID-19 and Beyond
“These are the fastest growing jobs in Southeast Asia, according to LinkedIn: Careers in health care, education and digital services are set to be among the fastest-growing in Southeast Asia this year, according to a new report released Tuesday. LinkedIn’s inaugural “Jobs on the Rise” report points to a surge in demand for medical professionals, teachers and creatives in 2021, as the coronavirus changes the face of the region’s jobs landscape.”, CNBC, January 18, 2021
Who We Are and What We Do for Companies ‘Going Global’
Edwards Global Services, Inc. (EGS) provides a complete International solution for U.S. businesses Going Global. From initial global market research and country prioritization, to developing new international markets, providing in-country operations support and problem solving. around the world. Our U.S. based executive team has experience living and working in many countries. Our Associate network on the ground overseas covers 40+ countries.
Founded in 2001, Edwards Global Services, Inc. (EGS) takes U.S. businesses global and currently has activity in 25 countries. Our Clients are all consumer-faced brands. Edwards Global Services, Inc. (EGS) has twice received the U.S. President’s Award for Export Excellence
Find out more about the services we provide U.S. companies Going Global at:
Download our 4th quarter 2020 GlobalVue™ 40 country ranking chart at this link:
To download our latest published article, “2021 International Outlook – Mixed Prospects Amid Global Uncertainty”, go to this link:
William Edwards, CFE, is CEO and Global Advisor of Edwards Global Services (EGS). He has 46 years of international operations, development, executive and entrepreneurial experience and has lived in 7 countries. With experience in the franchise, oil and gas, information technology and management consulting sectors, he has directed projects on-site in Alaska, Asia, Europe and the Middle and Near East. Mr. Edwards advises a wide range of companies on early to long term global development of their brands.
For market research, operations and development support on taking your business global, contact Mr. Edwards at bedwards@edwardsglobal.com or +1 949 224 3896.
EGS Biweekly Global Business Newsletter Issue 21, Monday, January 11, 2021
By William (Bill) Edwards, CEO of Edwards Global Services, Inc. (EGS)
“The goal is not to be perfect by the end. The goal is to be better today.”, Simon Sinek
“You can find inspiration in everything. If you can’t, then you’re not looking properly.”, Paul Smith, fashion designer.
“The secret of getting ahead is getting started”, Mark Twain
Introduction
Our biweekly newsletter focuses on what is happening around the world that impacts new trends, health, consumer spending, business investment and travel.
HiiHighlights in issue #21:
- Vaccine Updates from Around the World: There are 12 vaccines in various stages of approval and distribution around the world with massive logistics challenges
- This issue has links to several surveys that project economic recovery in 2021
- Economic recovery uneven: US Chamber of Commerce, but Chipotle is hiring an additional 15,000 employees
- A significant amount of generally positive travel news
- The Middle East begins to open borders for business
- Consumer spending on app stores over the holidays surpasses $100 billion
- Women Pilots to Make History: Air India’s Longest Nonstop Flight
For our biweekly newsletter, we monitor 30+ countries, 40+ international information sources and six business sectors to keep up with what is going on in this ever-changing environment. Our GlobalTeam™ on the ground covers 43 countries and provides us with updates about what is happening in their specific countries.
Please feel free to send us your input and sources of information. Our contact information is at the bottom of this newsletter.
First, a few Personal Comments
While shutdowns continue, the vaccine news is positive but with logistics challenges. Our first newsletter edition in 2021 has links to several studies projecting economic, health, travel and business trends for 2021. Asia Pacific region countries generally continue to lead the recovery with a few exceptions. Global retail and hospitality brands continue to innovate to address the new consumer trends as they prepare to come out of the COVID-19 crisis. Let’s start with vaccine news.
Vaccine Updates from Around the World
The number of approved vaccines continues to increase, but distribution is still lagging, the Financial Times, December 30, 2020
This version gives another look at the vaccines secured to go to various countries, World Bank, December 2020
“BioNTech lifts 2021 COVID-19 vaccine output target to 2 billion doses: Pfizer’s partner BioNTech boosted the 2021 delivery target for their COVID-19 vaccine to 2 billion doses, up from 1.3 billion previously, as they bring new production lines on stream and as more doses can be extracted per vial.”, Reuters, January 11, 2021
“What vaccines mean for the return of travel: COVID-19 jabs will eventually help tourism start again, but expect a trip full of immunity passports, mouthwash tests, and wary travelers.”, National Geographic, January 2021
“Moderna Raises Covid-19 Vaccine Production Estimate: Biotech company says it will make at least 600 million doses this year, up 100 million from earlier forecast. The Cambridge, Mass., company also said it is making investments and adding staff to make as much as one billion doses this year.”, The Wall Street Journal, January 5, 2021
“EU regulator approves Moderna’s COVID-19 vaccine: The European Medicines Agency on Wednesday recommended Moderna’s coronavirus vaccine for authorization in the European Union’s 27 member states…..This is the second vaccine to be granted approval by the regulator. The European Commission — which has purchased 160 million doses of the Moderna vaccine — is likely to issue final approval this week.”, Axios, January 6, 2021
“Indonesia to ink Pfizer, AstraZeneca vaccine deals as awaits Sinovac clearance: Indonesia is poised to secure coronavirus vaccines from Pfizer and AstraZeneca, the health minister said on Tuesday, as it awaits authorisation to begin its inoculation programme with a third drug, by China’s Sinovac.”, Reuters, December 29, 2020
Interesting Data and Studies
Good news from the OECD via Stratfor Worldview 2021 annual forecast, January 3, 2021
“Manufacturers Overcame Covid-19 Setbacks to End 2020 on High Note: Sector’s strength in U.S., Europe and Asia contrasts with services businesses harmed by pandemic restrictions.”, The Wall Street Journal, January 4, 2021
“The next normal arrives: Trends that will define 2021—and beyond: The COVID-19 pandemic has changed the world, and its effects will last. Here are some factors that business leaders should keep in mind as they prepare for the next normal.”, McKinsey & Company, January 4, 2021
“2021 Top Digital Trends and Resolutions: The pandemic forced us all to reconsider how we work and learn, all while the number of cyber threats significantly increased. Accelerated digital transformation became critical for us all to continue to live our lives and do our jobs. As we look ahead to 2021, we wanted to share our insights on some of the biggest digital trends and resolutions.”, Boston Consulting Group, January 2021
“Consumer spending on app stores surpasses $100 billion for the first time: Reported by Sensor Tower, spending on mobile apps and games has passed $100 billion in a single year for the first time in 2020. On Christmas alone, consumers spent around $407 million across Apple’s App Store and Google’s Play Store.”, iMORE, December 30, 2020
Global and Regional Travel Updates
“Delta CEO Confident There Is a ‘Turning Point’ for Travel This Year: Ed Bastian detailed what 2021 may look like in a published memo to employees. While COVID-19 continues to hinder travelers around the world, Delta Air Lines CEO Ed Bastian wrote in a New Year’s memo to employees that he was confident a “turning point” for the travel industry is ahead.”, Travel and Leisure Magazine, January 5, 2021
“World’s safest airlines named in new ‘Airline Ratings’ report: US carriers Alaska Airlines, Hawaiian Airlines, Southwest, Delta, American and United made the top 20…Qantas topped the annual list from AirlineRatings.com, a ranking which reviews 385 carriers on the following factors: crash and serious incident record; audits from governing and industry bodies; government audits; industry-leading safety initiatives; and fleet age.”, Fax News, January 4, 2021
“What A Survey By Hilton Hotels Reveals About Travel Eagerness: A recent survey from Hilton has found that 95% of Americans are missing travel right now. Though that in itself is not a groundbreaking discovery, the reasons behind this large number is worthy of attention.”, Forbes, December 30, 2020
“LAX begins rapid coronavirus testing for travelers: Fliers who pre-book an appointment at the recently built lab, located across from Terminal 6, will receive results in three to five hours. The lab, located in a shipping container, is processing about 250 to 300 rapid tests a day, with plans to ramp up to 1,000 tests daily. Additional testing sites are at Terminal 2 and Tom Bradley International Terminal, which will provide results in 24 hours.”, The Los Angeles Times, December 31, 2021
“Will you need an immunity passport to fly? How the COVID-19 vaccine will restart travel: TPG spoke to healthcare and travel professionals, as well as travelers, to understand how vaccines (once they become widely available), ongoing COVID-19 testing and potential immunity passports could reshape the travel industry.”, The Points Guy, December 27, 2020
“How Brexit Affects UK Aviation: Brexit is today a reality and major changes will affect tariffs, trade and mobility in the UK for the foreseeable future. Negotiations between the European Union (EU) and the UK regarding new rules have not come to term yet, but there are some that shed a Light on how they will affect the region’s aviation industry.”, Airways Magazine, January 2, 2021
“China Southern Ranks (World’s) Third Largest Airline: China Southern (CZ) ranks third largest airline this winter due to the gradual resumption of air traffic in the country. Since 2019, CZ has gone up by three places, with a 16% increase per year from year to year® domestic flights, not international. As such, China’s total domestic seats are up by 35% this winter, OAG data shows. However, a shadow of its former self, down by 87%. Chinese airlines now account for seven of the world’s top-20 airlines, up from three last (year)., Airways Magazine, January 9, 2021
“Canada announces strict new entry requirements: Canada is announcing strict new entry requirements for all international arrivals. The news comes as a new strain of COVID-19 first identified in the U.K. that spreads even more easily is showing up in more and more countries including Canada.”, The Points Guy, December 31, 2020
“Singapore Airlines resumes UK, Australasia Flights: Singapore Airlines (SQ) has resumed flying to the UK and to Australia and New Zealand under a special agreement. Last month, the government of Singapore banned foreign travelers in the UK from visiting or passing through the city state. Australia and New Zealand remain closed to foreign nationals, but resident citizens can return home by carrying out a 14-day preventive quarantine.”, Airways Magazine, January 6, 2021
“New app can be used as proof you’ve been vaccinated for COVID-19: Your doctor can upload proof of vaccination to software that links to app on your phone.”, WFAA.com, December 29, 2020
“Copa Returns to Its Cabana in Tampa: Copa Airlines (CM) announced today that after a nearly ten-month hiatus due to travel restrictions in the region relating to the COVID-19 pandemic, the carrier is resuming operations from Tampa International Airport (TPA) and Tocumen International Airport (PTY) in Panama.”, Airways, January 10, 2021
Asia Pacific Countries
“HSBC names 2 countries that have tackled the virus and will reap the benefits: Singapore and Vietnam have been successful in controlling Covid in 2020 and are likely to keep the situation contained next year, said HSBC Global Research’s Joseph Incalcaterra. Singapore and Vietnam have been successful in controlling the coronavirus in 2020 and are likely to keep the situation contained next year, an economist said this week.”, CNBC, December 30, 2020
Australia
“McDonald’s Australia reaches 1,000-store milestone with sustainability flagship: The new restaurant features 25 core sustainability initiatives. Located at Melton South, the restaurant is operating fully on renewable energy and features 25 core sustainability initiatives, including Happy Meal toy recycling, carbon neutral McDelivery via Uber Eats and DoorDash, a bespoke PlayPlace made with recycled content, electric vehicle charging stations, and daylight harvesting lighting. An on-site solar system will generate around 42,000kWh per year, the company said., QSR Media Australia, December 11, 2020
“Radical plan to save Australia’s shopping centres: Smashed by online retail and battered by COVID, shopping centres have been all but written off. But one reckons it has the secret to survival – and it involves Ninja Warrior. The firm calls it a “retail-as-a-service concept”. In layman’s terms, it’s a space designed specially for online retailers that enables them to set up shop for a fraction of the price and time it would normally take. Rather than a month to build the interior of a store, Mirvac reckons it can now be done in a single day.”, News.com.au, December 15, 2020
“Mark Wahlberg is Bringing His Wahlburgers Chain to Australia: While in Australia promoting his F45 fitness chain, Wahlberg reportedly took a liking to the scenery. According to The Daily Telegraph, the actor signed a $50 million deal with the owners of the United Cinemas chain to house his restaurants at over 15 locations across Australia.”, Manofmany, January 5, 2021
“Guzman y Gomez ends the year with an $86 million investment: Specialist funds manager Magellan Financial Group has acquired 10 percent of existing shares from (Mexican) restaurant chain Guzman y Gomez, the business announced on Tuesday morning. The deal cost Magellan $86.8 million, leaves TGM Growth Partners and GYG founder and CEO Steven Marks as the chain’s largest shareholders, and will allow Magellan head of governance and advisory Craig Wright to join the board.”, Inside Retail Australia, December 22, 2020
Mainland China – Chinese New year is coming up again soon!
“Apple launches special, limited edition AirPods Pro for Chinese New Year: Since the next year is Year of the Ox in the Chinese calendar, Apple’s new AirPods Pro – noticed by 9to5Mac – have a little image of a cow on the box and engraved on the earbuds’ case. The image is actually a reworked version of the cow face emoji. These limited edition AirPods Pro are only available in certain Asian markets, such as China, Hong Kong, Singapore, Taiwan, and Malaysia.”, Mashable, January 7, 2021
“Chain Favorites Foreign Hotels Expand Against Trend: In the past 2020, foreign hotel giants did not slow down their expansion due to the epidemic. On January 4, a reporter from Beijing Business Daily learned from several hotel groups that last year, InterContinental Group opened nearly 60 hotels, Hilton Group expanded dozens of high-end hotels, and Marriott, the largest hotel group, also opened in China. 36 hotels.”, Beijing Commercial Daily, January 5, 2021. Compliments of Paul Jones, Jones & Co., Toronto
“China’s Factory Outlook Eases With Recovery Still on Track: A gauge of China’s manufacturing industry moderated in December from a three-year high in the previous month, with the economy’s recovery stabilizing as the year comes to a close. The official manufacturing purchasing managers’ index fell to 51.9 from 52.1 in November, the National Bureau of Statistics said Thursday, lower than the median estimate of 52 in a Bloomberg survey of economists. The nonmanufacturing gauge, which reflects activity in the construction and services sectors, dropped to 55.7. Bloomberg via Caixing Global, December 31, 2020
India
“Women Pilots to Make History: Air India’s Longest Nonstop Flight: Four women Pilots will make history today by flying Air India’s (AI) inaugural flight from San Francisco International Airport (SFO) to Kempegowda International Airport (BLR). The 17-hour-long route, covering a distance of 9,942 mi (16,000km), will be Al’s longest nonstop flight. It will take the Pilots directly over the North Pole. Making them the first all-female Crew to operate a flight over that region.”, Airways Magazine, January 8, 2021
Bill Edwards personal comment: 3 years ago, I flew an all-female crew flight between New Delhi and Mumbai
Korea
“South Korea exports post sharpest expansion in 26 months in December but slide 5.4% year-on-year in 2020. South Korea’s exports expanded at their fastest pace in 26 months in December, on robust chip demand and improved global demand, providing additional signals that the recovery is on track despite resurgences in the novel coronavirus.”, Reuters, December 31, 2020
The Middle East
“How the Middle East is defying a Covid downturn: Tarek Fadlallah took his seat among the bankers enjoying after-work drinks on the terrace of the International Financial Centre in Dubai on Wednesday and declared: ‘We’re seeing an economic bounce-back. Everything’s trending in the right direction.’ Fadlallah, who has run Nomura Asset Management across the Middle East for the past six years, can scarcely believe it.”, The Times of London, January 10, 2021
“Saudi Arabia ends entry ban, keeps some coronavirus restrictions: Saudi Arabia said that entry to the kingdom by sea land and air will be resumed starting Sunday after a ban that lasted two weeks amid fears of a new coronavirus variant, the state news agency reported on Sunday. A ministry of interior official said that some restrictions including asking people coming from countries where the new variant spread such as the UK, South Africa and any others, to stay at least 14 days out of these countries before entering the kingdom.”, Reuters, January 2, 2021
“Saudi Arabia to Open Borders with Qatar: Saudi Arabia has agreed to open its air, sea, and land borders with Qatar. The move will help to end a dispute that has lasted more than three years and triggered a crisis in the oil-rich Gulf – setting two US allies against each other. According to The Financial Times, Kuwait mediated the agreement and has said that the borders would be open beginning Monday night.”, Airways, January 4, 2021
Peru
“Peru’s Economy Gets a Wake-Up Call. Will Its Leaders Listen? Peru’s post-pandemic path to economic recovery will primarily require retaining confidence in prudent fiscal management and political stability, as well as addressing the structural issues impeding the country’s long-term financial sustainability.”, Stratfor, January 6, 2021
The Philippines
“Philippines signs deal to secure 30 million doses of COVID-19 vaccine Covovax: distributor: The Philippine government has signed a deal to secure the supply of 30 million doses of the COVID-19 vaccine Covovax from Serum Institute of India (SII), the latter’s local partner said on Sunday.”, Reuters, January 10, 2021
United Kingdom
“No Deal’ Brexit Averted: EU/U.K. Reach Historic Bilateral Trade Deal: The full contours of the Agreement are detailed in a 1,256-page text released by the European Commission on December 25, 2020, and cover a broad array of issues including trade in goods and services, digital trade, intellectual property, public procurement, aviation and road transport, energy, fisheries, social security coordination, law enforcement and judicial cooperation in criminal matters, thematic cooperation and participation in EU programs.”, Faegre Drinker summary, December 30, 2020
“Approval of Oxford vaccine hailed as game-changer in Covid fight: Astrazeneca chief promises 2 million doses a week. The Covid vaccine developed by Oxford University and the drugmaker Astrazeneca has been approved for use in Britain, with government advisers saying that a single shot could achieve 70 percent protection.”, The Times of London, December 30, 2020
“COVID-19: Retail, leisure and hospitality firms to get up to £9,000 to help cope with lockdown: Rishi Sunak said the measures would help businesses get through the months ahead and sustain jobs for when firms reopen. Businesses in the specified sectors across the UK will receive up to £9,000 per property, costing a total £4bn. An estimated 600,000 properties are expected to benefit.”, Sky News, January 5, 2021
“BBC to put lessons on TV during lockdown: BBC TV is to help children keep up with their studies during the latest lockdown by broadcasting lessons on BBC Two and CBBC, as well as online. Schools have been closed to most children across the UK as part of tougher measures to control Covid-19. The BBC will show curriculum-based programmes on TV from Monday. They will include three hours of primary school programming every weekday on CBBC, and at least two hours for secondary pupils on BBC Two.”, BBC News, January 6, 2021
United States
“Prediction Consensus: What the Experts See Coming in 2021: Making predictions is a tricky business at the best of times, but especially so after a year of upheaval. Even so, that didn’t stop people from trying their hand at reading the crystal ball. If anything, the uncertainty creates a stronger temptation for us to try to forecast the year ahead.”, Visual Capitalist, January 5, 2021
“Economic recovery uneven: US Chamber of Commerce – The survey includes responses from thirty-six business leaders across a wide range of industries, from healthcare to finance and energy to entertainment. A new analysis released Monday by the U.S. Chamber of Commerce reveals that the United States’ economic recovery from the coronavirus pandemic continues to be uneven.”, Fox Business, January 11, 2021
“Traveling soon? Here’s where you can quickly get a COVID-19 PCR test for travel.”, The Points Guy, January 7, 2020
Vietnam
“Lowest in 10 years, Vietnam 2020 growth among world’s highest: A 4.48 percent Q4 growth has propelled Vietnam’s annual growth to 2.91 percent for the year, the General Statistics Office said Sunday afternoon. ‘This is the lowest GDP growth level in the 2011-2020 period. However, given the negative impacts of the Covid-19 pandemic, it is considered a success for Vietnam, with the growth rate among the world’s highest,’ Nguyen Thi Huong, head of the GSO, said at a press briefing.”, VF Franchise Consulting, Ho Chi Minh City, December 29, 2020
“Long Thanh International Airport to Break Ground Next Week: The aviation industry in Vietnam is growing fast. With new startups in Vietnam like Vietravel Airlines, Bamboo Airlines, and VietJet Airlines emerging, airports in Vietnam can handle limited passengers. For example, Ho Chi Minh City’s main airport, Tan Son Nhat International Airport, is designed to handle 25 million passengers. However, pre-pandemic in 2019, the airport carried 40.6 million passengers, according to data from the Civil Aviation Authority in Vietnam. The overcapacity at Tan Son Nhat International Airport has necessitated a new airport to be built. The solution to this will break ground on January 5, 2021, which is Long Thanh International Airport.”, Airline Geeks, January 2, 2021
Brand News
“Burger King revamps brand for first time in over 20 years: Burger King has redesigned its brand including its logo, food packaging and restaurants in order to reflect improvements such as eliminating preservatives, the fast food chain announced on Thursday. ‘We’ve been doing a lot in terms of food quality and experience,’ said Fernando Machado, global chief marketing officer of Restaurant Brands International, which owns Burger King.”, Reuters, January 7, 2021
“2021 Will Be “Road To Recovery” For Foodservice Industry Say Reports: Technomic foresees strong to moderate growth—specifically in the U.S. and Canada—over the next 12 months, being led by aggressive strategies. One commonality across regions is the streamlining of menus.”, Franchising.com, December 31, 2020
“Chipotle to hire 15,000 workers in the United States: Chipotle Mexican Grill Inc said on Monday it would hire 15,000 workers in the United States, as the fast-casual burrito chain benefits from strong demand during the COVID-19 pandemic. The move comes about five months after Chipotle said it planned to add 10,000 more people to its more than 85,000-strong workforce. It now employs about 94,000 people, most of them in the United States.”, Reuters, January 11, 2021
Articles and Charts About Doing Business in The Times Of COVID-19 and Beyond
“Change Is Just Beginning: How Leaders Can Focus on Meeting 2021’s Challenges: As this new year begins amid much economic uncertainty, companies that successfully navigated 2020’s turbulence can’t rest. They need engaged, forward-thinking leaders who can keep adjusting and focusing on the right factors in a volatile business environment. We live in a VUCA world, which stands for volatility, uncertainty, complexity, and ambiguity. We need to adjust to how fast things are changing.”, Franchising.com, January 10, 2021
“Demystifying Global Consumer Choice: What really drives consumer choice around the world? An intensive BCG research project offers three key insights…”, Boston Consulting Group, December 15, 2020
“The Serial Innovation Imperative – THE MOST INNOVATIVE COMPANIES 2020: Facing turbulent and fast-changing markets, innovators need a well-tuned innovation system that can spot emerging product, service, and business model opportunities—and then rapidly develop and successfully scale them—over and over again.”, The Boston Consulting Group, January 2021
Who We Are and What We Do for Companies ‘Going Global’
Edwards Global Services, Inc. (EGS) provides a complete International solution for U.S. businesses Going Global. From initial global market research and country prioritization, to developing new international markets, providing in-country operations support and problem solving. around the world. Our U.S. based executive team has experience living and working in many countries. Our Associate network on the ground overseas covers 40+ countries.
Founded in 2001, Edwards Global Services, Inc. (EGS) takes U.S. businesses global and currently has activity in 25 countries. Our Clients are all consumer-faced brands. Edwards Global Services, Inc. (EGS) has twice received the U.S. President’s Award for Export Excellence
Find out more about the services we provide U.S. companies Going Global at:
Download our 4th quarter 2020 GlobalVue™ 40 country ranking chart at this link:
To download our latest published article, “2021 International Outlook – Mixed Prospects Amid Global Uncertainty”, go to this link:
William Edwards, CFE, is CEO and Global Advisor of Edwards Global Services (EGS). He has 46 years of international operations, development, executive and entrepreneurial experience and has lived in 7 countries. With experience in the franchise, oil and gas, information technology and management consulting sectors, he has directed projects on-site in Alaska, Asia, Europe and the Middle and Near East. Mr. Edwards advises a wide range of companies on early to long term global development of their brands.
For market research, operations and development support on taking your business global, contact Mr. Edwards at bedwards@edwardsglobal.com or +1 949 224 3896.
