Demand for organic and local foods has grown sharply over the last decade. Since 2005, sales for local organic foods have grown by 250%. Studies show that U.S. consumers are willing to pay a premium if they better understand the origin of their food and whether their purchase contributes to the development of the local economy. However, despite the fact that sales of local agriculture is one of the fastest growing segments of the U.S. food system, it still accounts for only a small fraction of overall domestic food sales.
The world is changing at an ever-increasing pace, driven by globalization. Companies that withstood the global financial crisis continue to seek opportunities overseas to prosper from the remarkable growth in emerging markets.
The Globalization Index confirms that ambitious international expansion will remain the overall trend in the world economy. Data reveals that many businesses are rushing to employ their international expansion strategies, which indicates the strong desire by entrepreneurs to be ahead of others and capitalize on new market developments.
This white paper focuses on some core aspects that should be considered by businesses when developing and implementing an international expansion strategy.
The rising dollar, caused in large part by the termination of the Fed’s long-running bond-buying program, has become a key theme among economists, financiers, entrepreneurs and politicians. While the rising dollar is good news for those planning to travel to countries with currencies depreciating against the U.S. dollar and for U.S. workers sending remittances to family abroad, this might not be good news for the U.S. economy – mainly U.S. exporters and multinationals.