International trade is a critical economic tool that many countries – including small nations – participate to boost and support their economy. In fact, some small countries take part so much in international trade that the combined value of all their imports and exports exceeds their entire Gross Domestic Product (GDP).
Welcome To The Blog
Ireland and the Global Economy: Facts and Figures (Infographic)
Ireland’s economy has been booming and growing more than ever, years after a series of economic setbacks. Despite the geopolitical turmoil in two of its biggest trading partners– the UK and the U.S. – in the past recent months, the economic performance of Ireland has remained solid and strong.
Export Opportunities for Irish Exporters in Latin America
The scale and diversity of Latin America is something that Irish exporters cannot afford to ignore. Comprised of 33 countries, inhabited by over 600 million people, and with a GDP of over $5.6 trillion, Latin America is one of the few regions in the world that is still growing consistently year over year since the start of 2008 Global Financial Crisis.
The Current State of Globalization in Business
Changes in information and communications technology, international trade liberalization and advances in transportation systems have enabled the rapid spread of business supply and distribution networks beyond the old local and national constraints and onto a global stage – a process often referred to as “Globalization”. This process has accelerated significantly since about 1990 and has dramatic implications for all types and sizes of business and not just for large multinational corporations.
Opportunities for Irish Exporters in the Gulf States
A hotbed for entrepreneurship, the Gulf area has become one of the leading business destinations in the world today. With an abundance of opportunities for Irish exporters, the Gulf area is an umbrella term encompassing the Arab states that border the Persian Gulf, namely Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, and United Arab Emirates (UAE). These countries make up the economic and political block of the Gulf Cooperation Council.
How the Internet of Things (IoT) is Changing the Future of the Supply Chain (Infographic)
A report from Gartner predicts that by 2020, more than 50% of major business processes will incorporate some form of the Internet of Things (IoT). One such business process is the supply chain. Though often overlooked, the application of IoT in supply chain management is already making exceptional changes and developments in international trade landscape.
Blockchain en la Cadena de Suministro y el Comercio Internacional
Las aplicaciones de la tecnología de la cadena de bloques o “blockchain” en la cadena de suministro y en el comercio internacional tienen el potencial de mejorar la velocidad, la transparencia y los costes en transacciones de topo tipo de manera espectacular y al mismo tiempo de aportar información precisa en tiempo real sobre el estado y la situación de los bienes y los inventarios a lo largo de la cadena de suministro.
Hugh Kelly Interview on Breakthrough Brands
I was delighted to interview Hugh Kelly, Managing Director of Marketing Associates, on Dublin South FM’s Breakthrough Brands. Hugh Kelly is a veritable expert on what it takes to successfully break into overseas markets.
Blockchain in the Supply Chain and International Trade (Vblog)
Blockchain technology applications in supply chain and international trade have the potential to spectacularly improve the speed, transparency and costs of all types of transactions as well as to provide real-time information on the status of assets and inventories across the whole supply chain.
Developing and Implementing an Internationalization Strategy for an SME (Infographic)
SMEs that decide to take their business to a higher international level have a lot to gain from globalization.
Nowadays, globalization has become a major driver that impacts not only the largest corporations but the SMEs that operate in highly dynamic and turbulent environment. With the rapid increase of internationalization over the past decades, more and more SMEs can afford a much broader market reach, compete strongly on price with domestic firms, and leverage the specialized skills of contract workers from around the globe.