Even though exports reached their lowest in a decade in 2020 due to the pandemic, Israeli firms are set to claim its strong market position back and electrical/electronic equipment products have the highest leverage in terms of adoption and access.

With a longstanding relationship of deep economic ties, United States stands as Argentina’s third most important trading partner of goods & services, with trade volume amounting to more than $16bn in 2020. 

As of 2021, even though Brazil is still primarily an exporter of commodities such as soybeans (11.6% of total export volume), petroleum oils (10.7%) and iron ores (10.1%), nearly half of its population are now internet users and their eagerness to adopt new technologies, make it a particularly attractive place for international online retailers, fashion & accessories companies and electronic appliances providers all over the world.

Since 2019, having dethroned China, Mexico is the US’ top trading partner with 14.7% of total trade while the top 3 main US trading partners, along with Canada and China, still represent over 40% of the overall trading activity of the United States of America. Rising freight costs and the need to diversify supply chains were some of the main factors influencing the shift towards US closest neighbors.

When we think of B2B business interactions, they usually consist of a one-way street type of relationship. At the very best-case scenario, it involves a business making a commercial transaction with another.

But the need for more business collaboration, amid rising pressures to deliver high quality services/products on a timely manner paved the road to a more comprehensive way of doing business, namely the fastest, most efficient of them all.

The year 2020 posed a tremendous challenge for humanity. More specifically, it took a major toll in every business around the world no matter the size, as the impact of the Covid-19 crisis thoroughly affected both supply-side and demand-side of the world economy. According to a McKinsey report, roughly 70% of interviewed European SMEs stated that their revenues had declined as a result of the pandemic.

In this unprecedented context of a rampant need for virtual presence coupled with intense globalization and intertwinement, hyper connectivity took the center stage. Surprisingly, on a global scale, it managed to stand up to the challenge of empty offices, remote working modality and a plethora of lockdown and social distancing measures which can now be seen as the so-called “new normal”. Nevertheless, it is still true today, as it will henceforth: A hyper connected world facilitates engagement in business no matter the traveling distance, the different languages nor the size of firms and deals.  

The slowing down of China’s economy has sparked vigorous debate, with many experts predicting hard times ahead for the world’s second-biggest economy.

Nevertheless, China still managed to achieve 6.9 percent GDP growth in 2015 – the slowest in 25 years, but still well ahead of other developed economies. And then there’s the recent announcement by Starbucks CEO Howard Schultz that his company will be opening thousands of stores across China over the next five years. Furthermore, a BT poll of 1150 businesses around the globe found that China remains the third-most-desirable market for international expansion, after the US and UK.

However, the general consensus is that China is undergoing a major economic transition, driven largely by weakening demand for its manufactured goods and a record-high debt-to-GDP ratio. So what does this mean for US-based enterprises looking to expand into this vast but volatile market?

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