If you work in the fashion industry, you know that technology and the globalization of production and purchasing have rewritten the equation for success. Today, consumers have direct access to a vast array of new designs and goods from around the world, and the breadth of brand options before them is expanding every day.
We’ve all heard the message before: technology is changing the way companies do business. While no one would argue with this very general statement, the deeper truth is that technological advances are transforming different kinds of companies in different ways.
The rise of the Internet of Things, for instance, and the world of interconnected devices and objects that it represents will mean something different to a manufacturer than it will to a chain of retail stores. And while technology is fueling rapid globalization across many different business sectors, the level of commitment to new technologies varies from industry to industry.
It’s no secret that U.S. manufacturing companies are fueling our nation’s economic engine in significant new ways. With increased globalization and the rise of ecommerce, manufacturing is on the move – not just here, but around the world. Since 2009, the U.S. manufacturing sector has grown steadily, contributing more than $2.09 trillion to the economy most recently, up from $1.73 trillion just six years ago. According to the National Association of Manufacturers, manufacturing is responsible for 12 percent of U.S. GDP. The story is similarly impressive in other countries, with the manufacturing sector accounting for 17 percent of GDP and 14 percent of employment globally. Continue reading
Want to go global but not sure where to start? Two main questions many businesses interested in exporting are asking are: “where should I export?” and “will my product be successful in that market?”
To help answer these questions and get you started, DHL has compiled these helpful tips on what products you should be exporting and to which countries. The markets are out there so go global!
It sounds like the stuff of science fiction: You don your smart glasses and suddenly the world around you is enhanced with interactive digital information, including barcode 3D mapping and video guides – all of which data can be immediately accessed.