Global Business Development

EGS Biweekly Global Business Newsletter Issue 23, Monday, February 8, 2021

By William (Bill) Edwards, CEO of Edwards Global Services, Inc. (EGS)

“Success isn’t always about greatness. It’s about consistency. Consistent hard work leads to success. Greatness will come.”, Dwayne Johnson

“Success is the sum of small efforts, repeated day in & out.”, R. Colier

“So often in life things that you regard as an impediment turn out to be great good fortune.”, Ruth Bader Ginsburg

Introduction

Our biweekly newsletter focuses on what is happening around the worldthat impacts new trends, health, consumer spending, business investment and travel.  

HiiHighlights in issue #23:

  • Vaccine milestone as global Covid jabs pass number of confirmed cases
  • Daily cases of COVID-19 are currently falling across most of the world, and deaths….are also beginning to decrease
  • Which Covid-Related Consumer Marketing Changes Will Last Beyond the Pandemic? In the Articles and Charts section
  • Work-from-home isn’t going away: Only 4% of CEOs plan to add office space. In the Articles and Charts section
  • Lots of positive brand recovery news in the Brands section
  • A global risk assessment in the Articles and Charts section

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

The big news today is the growing initial vaccinations in many key business countries along with an apparent broad decline in the number of new cases. Business leaders are cautiously optimistic about the recovery of business in 2021. The International Monetary Fund recently projected the global economy will grow 5.5% in 2021 versus a -3.5% in 2020. The 2nd half of 2021 may see post-COVID-19 travel passports.

Vaccine Updates from Around the World

“Vaccine milestone as global Covid jabs pass number of confirmed cases: FT tracker shows rapid growth in doses administered around world — but warnings come of long road ahead.”, The Financial Times, February 3, 2021

http://on.ft.com/2O6VNNE

“Daily cases of COVID-19 are currently falling across most of the world, and deaths — which had been climbing globally until late January — are also beginning to decrease…..this is the first time since the pandemic began where cases are falling in basically every region of the world at the same time. On a global level, virtually the only number that is rising is vaccine doses administered. And in some places — south Asia for example — there’s growing confidence that the worst of the pandemic may be over even before vaccines become widely available.”, Axios, February 5, 2021

http://bit.ly/2YQ8UoO

Please see specific country vaccine news in the country section below.

Interesting Data and Studies

In our newest McKinsey Global Survey of more than a thousand executives from all industries, the outlook is still positive, though not quite as strong as in early December 2020. Majorities of executives continue to believe that conditions in their home economies and in the global economy will improve over the next six months.”, McKinsey & Co., February 2, 2021

https://mck.co/3trgTXe

Carlsberg predicts surge in demand similar to Jazz Age boom: World’s third-largest brewer expects ‘normal summer’ as lockdowns lift. Carlsberg is expecting a surge in demand this summer similar to a boom seen a century ago as more people are vaccinated and lockdowns lift, according to the Danish brewer’s chief executive.”, The Financial Times, February 7, 2021

Global and Regional Travel Updates

“Where Can I Travel Internationally and Do I Need the Covid-19 Vaccine? Covid restrictions for international trips are more complicated than ever. Before you dust off your passport, a few words of caution. THE COVID-19 VACCINES have arrived. Does this mean we’ll soon be free to roam the world, guilt- and hassle-free? The short answer is no. While an inoculation protects you from getting sick, it’s not yet known whether the vaccines will prevent an asymptomatic person from passing the virus to others.”, The Wall Street Journal, February 4, 2021

Healthy Passport Apps Under Development in Travel Industry: Travel technology companies are developing health passport apps to allow travelers to verify test results or vaccinations for international flights……SITA, a travel technology firm with its U.S. offices in Atlanta, said Thursday it has started trials of technology enabling airlines and passengers to share COVID-19 test results or vaccination history with authorities to meet government requirements. It has tested it with travelers to the United Arab Emirates and plans for a trial at Milan, Italy’s Malpensa Airport.”, The Atlanta Journal-Constitution, February 6, 2021

“The future of business travel: Digital nomads and “bleisure” define the new high-tech take on work trips: The coronavirus pandemic served as a temporary kill shot to the business travel industry. A tech-savvy and adaptable hospitality industry is rising from these ashes in the remote work era.”, Tech Republic, January 29, 2021

http://tek.io/3tvAF3O

Delta Air Lines Launches First Domestic Digital ID Test: As the COVID-19 pandemic changes the way people travel by air, possibly forever, growing attention is being paid to systems and procedures aimed at eliminating opportunities for close personal contact and the exchange of objects and papers that can lead to disease transmission.”, Airline Geeks, February 1, 2021

https://bit.ly/3tDFFn2

“Delta and Alitalia To Codeshare on COVID-Tested Flights: That gives customers the ability to produce a negative COVID-19 test before flying to avoid quarantine in either country. Effective immediately, travelers can book to fly on Alitalia’s dedicated COVID-tested service from New York’s John F. Kennedy International and Delta’s COVID-tested service from Atlanta’s Hartsfield Jackson International Airport with both flying to Rome’s Fiumicino Airport.”, Travel Pulse, February 2, 2021

http://bit.ly/3axeSQR

Delta Plans to Bring 400 Grounded Pilots Back to Active Flying Status by Summer: Earlier this month, Delta’s senior vice president of flight operations John Laughter detailed in a memo to staff that the airline plans to return 400 pilots to regular flying status by summer 2021, so they are ready to fly again by summer 2022, according to a report from CNBC. ‘As we looked at ways to better position ourselves to support the projected recovery, we saw an opportunity to build back additional pilot staffing in advance of summer 2022 by bringing 400 affected pilots back to active flying status by this summer,’ Laughter said in his staff note, per the publication.”, People, January 28, 2021

Copa Will Become the First American Carrier to Have IATA Travel Pass: The International Air Transport Association (IATA) is partnering with the Panamanian government and Copa Airlines to trial the IATA Travel Pass – a mobile app to help passengers easily and securely manage their travel in line with government requirements for COVID-19 testing or vaccine information.

https://bit.ly/39Xc2FB

Australian PM’s New Hope for Country’s Airlines: Australia’s Prime Minister, Scott Morrison has announced that the country’s international arrival caps would return to a higher rate. However, the PM also argued that for the near future, the hotel quarantine process would proceed as before irrespective of vaccination process.”, Airways Magazine, February 7, 2021

http://bit.ly/36QSoJs

“San Diego Airport rolls out on-site COVID-19 testing: Carbon Health, a major player in COVID-19 testing, will now extend its footprint to the San Diego International Airport (SAN). It’s offering “travel clearance visits” that include a COVID-19 test that is sufficient for domestic travel. San Diego joins other West Coast airports such as Portland, San Jose and Los Angeles that all offer similar testing.”, The Points Guy, February 6, 2021

Australia

Retail and fast-food workers to receive increase in minimum wage from today: The retail and fast-food award wage is now $21.78 an hour.”, Smart Company Australia, February 1, 2021

http://bit.ly/3rqVL1C

Restaurant owners increasingly optimistic about business this year, Deliveroo report says. 81% of restaurant owners are planning to hire more staff. Restaurant sector confidence has grown going into 2021, with hiring and building out a strong workforce becoming a major focus.”, QSR Media Australia, January 21, 2021

http://bit.ly/2MFmXuM

Temporary restructuring relief for small business directors: The Australian Government introduced insolvency reforms for small businesses that came into effect on 1 January 2021, including temporary restructuring relief. These reforms extend some of the temporary measures introduced in March 2020 in response to the COVID-19 pandemic.”, News Hub Asic Australia, January 18, 2021

http://bit.ly/3pVF4et

The three articles om Australia are compliments of Jason Gehrke, Managing Director of the Franchise Advisory Centre, Brisbane, from their February 5, 2021 franchise newsletter.

Mainland China – Chinese New Year is February 12th

“China Services Activity Expands at Slowest Pace in Nine Months, Caixin PMI Shows: China’s services sector expanded at the slowest pace in nine months in January as growth in total new business and new export business softened, a Caixin-sponsored survey showed Wednesday. The Caixin China General Services Business Activity Index, which gives an independent snapshot of operating conditions in the services sector, fell to 52 in January from 56.3 the previous month.”, Caixin, February 3, 2021

US fast food giants turn to the taste of Chinese: From Chinese burgers to ice cream doused in chili oil, US fast-food giants are infusing their offerings with a Chinese flair. McDonald’s and KFC have long localized their menus to appeal to the Chinese palate, but their latest takes on traditional dishes and ingredients seem to be causing quite a buzz, and not always the good kind.”, Shine, January 27, 2021. Submitted by Paul Jones, Jones & Co., Toronto

https://www.shine.cn/news/nation/2101273955/

China wins a boost for international luxury brands: The COVID-19 pandemic has had sweeping repercussions on almost all sectors of the worldwide economy. The fashion industry has been among the hardest hit because it is, in essence, under the non-essential spending category. Yet there is light at the end of the tunnel — for some.”, Shine, February 3, 2021. Submitted by Paul Jones, Jones & Co., Toronto

https://www.shine.cn/feature/lifestyle/2101314114/

China’s Car Sales Rose 25% in January: It was the strongest growth since September 2016. Retail sales of passenger cars rose 25.7% to 2.16 million vehicles last month compared with the same time a year before, the China Passenger Car Association said Monday, the strongest growth since September 2016.”, The Wall Street Journal, February 8, 2021

Iceland

Iceland opens up after success of Covid testing regime: ‘Cautious steps’ will see return of personal training in gyms and opening of bars until 10pm. Iceland became one of the first European countries to start opening up society again after the second wave of Covid-19 as it reaped the rewards of having the region’s lowest infection rate.”, The Financial Times, February 8, 2021

Korea

“South Korea eases curfew on businesses outside Seoul: South Korea on Saturday eased curfews on more than half a million restaurants and other businesses outside the capital Seoul, letting them stay open an hour later, amid a public backlash over tight curbs to contain COVID-19.”, Reuters, February 5, 2021

http://reut.rs/3rtkW3A

South Korea Leads World in Innovation as U.S. Exits Top Ten: South Korea returned to first place in the latest Bloomberg Innovation Index, while the U.S. dropped out of a top 10 that features a cluster of European countries. Korea regained the crown from Germany, which dropped to fourth place.”, Bloomberg, February 2, 2021

http://bloom.bg/2MHX1Pc

New Zealand

“’Hard and early’ lockdown was the right economic strategy: Economist. Going “hard and early” with a strict lockdown to stop the spread of Covid-19 has proved to have been the best tactic for the economy, too, Infometrics chief forecaster Gareth Kiernan says. The economics consultancy has updated its forecasts and now expects GDP growth to accelerate to 4.6 per cent in the second half of 2021. Kiernan said the country’s economy had now almost recovered to pre-Covid levels. In the year to December 2019, GDP growth was 2.3 per cent.”, Stuff New Zealand, February 5, 202i, Compliments of Simon Lord. Franchise New Zealand

http://bit.ly/2YRwHEz

The Philippines

“This hotel in Metro Manila has multifunctional pods for safe outdoor dining, massage. Sheraton Manila is offering the first-ever luxury outdoor dining pod in the Philippines called “Vubble Pods.”, GMA News Online, January 5, 2021

http://marr.in/6041Hdrtc

Singapore

“Singapore approves Moderna’s COVID-19 vaccine in Asia first: Singapore has become the first country in Asia to approve Moderna’s COVID-19 vaccine as it begins rolling out its immunisation programme to the wider population.”, Reuters, February 3, 2021

Our COVID-19 cases have been low since last fall — here’s what we’re doing right: Dr. Lim Hui Ling, 51, is the medical director for the International Medical Clinic in Singapore. Lim says going through the 2002-2003 SARS pandemic helped prepare her and other healthcare workers to deal with COVID-19. She also credits fellow Singaporeans for helping stop the spread of the virus by willingly wearing masks, social distancing, and using a contact tracing app.”, Business Insider, February 8, 2021

http://bit.ly/3aGcjfi

South Africa

South Africa halts AstraZeneca vaccine rollout: South Africa stopped the distribution of the AstraZeneca-Oxford vaccine on Sunday, after researchers found that the vaccine ‘provides minimal protection’ against infection from the new strain first identified in the country, Reuters reports.”, Axios, February 8, 2021

http://bit.ly/3tHk3WU

United Kingdom

“Vaccines minister ‘confident’ everyone over 50 will be offered coronavirus jab by May: Nadhim Zahawi says that at one point on Saturday, the UK was administering COVID-19 jabs at a rate of almost 1,000 per minute. The pace of the vaccine rollout indicates the UK is on track to meet its target of offering a jab to everyone in the top four priority groups – about 15 million people – by the middle of this month.”, Sky News, February 7, 2021

Scientists raise hopes of March meetings and normal summer: The country could be back to near normal by summer, with people able to meet relatives as early as next month, senior scientists have said.”, The Sunday Times of London, February 5, 2021

http://bit.ly/36QPMvj

NHS plans for annual coronavirus vaccinations: UK government aims to copy flu prevention programme as model for control of new variants. The NHS is planning a mass campaign of booster jabs against new variants of coronavirus as early as the autumn, in what the vaccines minister suggested would become an annual effort to prevent Covid-19 as the virus keeps mutating.”, The Financial Times, February 7, 2021

UK applying to join Asia-Pacific free trade pact CPTPP: The UK will apply to join a free trade area with 11 Asia and Pacific nations on Monday, a year after it officially left the EU. Joining the group of “fast-growing nations” will boost UK exports, the government says. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership – or CPTPP – covers a market of around 500 million people.”, BBC News, January 31, 2021

United States

“Johnson & Johnson Asks U.S. Regulators for Emergency Approval of Its Covid-19 Vaccine: The potential third vaccine could jump-start a slower-than-expected vaccination rollout…. J&J’s shot wouldn’t only boost the overall supply of Covid-19 vaccine doses, but also could simplify vaccinations for many because it is given in one dose.”, The Wall Street Journal, February 4, 2021

“Business Travel Deductions in the Post COVID-19 World: Tax expert Bonnie Lee offers some tips on what to claim, what not to claim and what’s changing on 2020 taxes.”, Business Traveler, January 27, 2021

http://bit.ly/2YnRSOt

“Technology Adoption: This visualisation details the rates of diffusion and adoption of a range of technologies in the United States, measured as the percentage of US households with access or adoption over time.”, Our World In Data, February 2021

https://bit.ly/2MFTG38

Brand News

’We’re delivering iconic pizzas and blockbuster moments’: Pizza Hut talks digital. Last year, Pizza Hut decided to launch its first global campaign in 20 years to celebrate the 40th anniversary of its iconic Pan pizza, delivering a digital-first campaign in 55 markets around the world and declaring October ‘Global Pizza Month’. This campaign also saw Pizza Hut use its ‘now that’s delivery’ brand story globally for first time, after seeing how successful the message was in the UK alongside the restaurant chain’s ambassador character, Parker.”, MobileMarketing, February 4, 2021

https://bit.ly/3tvLq6e

What Lies Ahead for Restaurant Franchising: Franchise experts weigh in on the opportunities for the industry in a post-pandemic environment. big reason for many quick serves to be excited is the state of franchising. All signs point to franchises surviving the pandemic better than others, and there is significant potential in franchising moving forward; economic downturns typically lead to more people looking for a second career, and would prefer the safety net of a proven concept.”, QSR Magazine, January 29, 2021

http://bit.ly/3oIzhXW

Chipotle’s Recovery Has Come From Its Digital Business. Here’s How Operations Kept Up. The company announced its Q4 results Tuesday afternoon, which included a comp sales increase of 5.7%, a revenue increase of 11.6% and digital sales growth of 177.2%. This is compared to Q2–in the depths of government-mandated shutdowns and unprecedented consumer anxiety–when comp sales dropped nearly 10%.”, Forbes, February 3, 2021

This Chicken Chain Is Opening 100 New Locations This Year: Church’s credits its success to strong delivery sales and a mega successful chicken sandwich….. A Southern chain with a fried chicken legacy spanning almost seven decades is planning a major expansion this year as it rides the momentum of the chicken category.”, Eat This, Not That, February 2, 2021

http://bit.ly/3aOcLIC

Everyone Wants Sushi to Go, and It’s Saving Some Restaurants: Eateries and grocers are selling more takeaway sushi during the pandemic, while supermarkets rush to train chefs. Sushi was the most searched takeout cuisine on restaurant-reservation platform Tock during the last three months of 2020.”, The Wall Street Journal, February 6, 2021

How Two Franchisees Are Affected by Covid, and How They’re Responding: We asked a wide range of multi-unit franchisees about the biggest impacts Covid-19 has had on their business, how they’ve responded, and which changes they think will be permanent. This week we hear from a longtime restaurateur Del Taco operator and a 13-year franchisee of The Learning Experience.”, Franchising. Com. February 8, 2021

http://bit.ly/3rxXCBN

Articles and Charts About Doing Business in The Times Of COVID-19 and Beyond

“2021 International Development Goes Online in the Pandemic: 2020 has been a challenging year for the entire global franchise community as the Covid-19 crisis has changed how we seek new international licensees. International travel to countries stopped in May. To meet new licensee candidates, we had to resort to videoconferences. Due diligence on candidates became remote. Discovery days to have candidates meet the franchisor team and see face-to-face the resources the franchisor would provide either did not happen in 2020 or were done virtually.”, Franchising.com article by William Edwards, CEO of Edwards Global Services, Inc. (EGS), February 2021

http://bit.ly/2YL7Ja0

“Expanding Your Business Internationally in 2021: If you have been thinking about expanding your business internationally, the decision to move overseas is both challenging and rewarding. Whether it has always been part of your long-term business plan or you are responding to a current international opportunity, there are critical considerations you need to make for your project to be successful.”, ArtOne Translations by Olena Polissky, Vancouver, January 29, 2021

http://bit.ly/3clLXlo

“Which Covid-Related Consumer Marketing Changes Will Last Beyond the Pandemic? Looking at what’s changed in 2020 because of Covid – and what changes might be permanent – let’s start with the biggest driver of economic activity: consumers. A majority of the more than 2,000 people surveyed by Jones Lang LaSalle said they want to continue working away from the office at least two days a week; only 26% want to do it full-time after the pandemic passes.”, Franchising.com, Darrell Johnson, CEO of FRANdata, February 2021

http://bit.ly/2Yi2MW8

Work-from-home isn’t going away: Only 4% of CEOs plan to add office space: Once the vaccine is fully rolled out, we’ll find out what the future of remote work is. To get a sense of where we’re headed, Fortune conducted a survey of CEOs in collaboration with Deloitte.”, Fortune, February 4, 2021

http://bit.ly/36T7YV3

“A Global Risk Assessment of 2021 And Beyond: Risk is all around us. After the events of 2020, it’s not surprising that the level and variety of risks we face have become more pronounced than ever. Every year, the World Economic Forum analyzes the top risks in the world in its Global Risks Report. Risks were identified based on 800+ responses of surveyed leaders across various levels of expertise, organizations, and regional distribution.”, Visual Capitalist, January 25, 2021

http://bit.ly/36cA65f

“Mapping Global Income Support During COVID-19: Income loss has impacted many during the COVID-19 pandemic. Unemployment, reduced hours, office closures, and business shutdowns have prompted the need for mass income support. Income support, in this case, is defined as governments broadly covering lost salaries, or providing universal basic income or direct payments to people who have lost their jobs or cannot work. Levels of income support are changing over time.”, Visual Capitalist and Our World In Data, January 26, 2021

http://bit.ly/3caD7GU

“The UN projects that the global population increases from a population of 7.7 billion in 2019 to 11.2 billion by the end of the century. By that time, the UN projects, fast global population growth will come to an end.”, Our World In Data, November 2019

http://bit.ly/39TGErn

Business cards are going online in Asia: But traditionalists miss the feel of paper and ink. Networking is difficult when white-collar workers have fled to home offices, business lunches have been cancelled and conferences have migrated online. Orders for business cards from Vistaprint, a multinational printing company, plummeted by 70% in late March and early April and have yet to recover fully.”, The Economist, February 6, 2021

http://econ.st/2Lw5Nze

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:  

www.edwardsglobal.com

Download our 4th quarter 2020 GlobalVue™ 40 country ranking chart at this link:

http://bit.ly/EGSGlobalVue

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 successfully contact Mr. Edwards at bedwards@edwardsglobal.com or +1 949 224 3896. 


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

http://on.cfr.org/3oaQKYY

“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

http://bit.ly/2Y8hMWe

Above chart from The Financial Times, January 25, 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

http://bbc.in/3qJ1rUg

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

https://bit.ly/3qCyxVX

40 Happy Pictures to Take Your Mind Off Things”: We need a bit of relief these days!

http://bit.ly/39xFPDv

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

http://bit.ly/3cka7N9

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

http://bit.ly/39dqHMv

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

http://on.wsj.com/2LQFCn7

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

https://bit.ly/3pggAMr

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

http://bit.ly/39b8yyO

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

http://bit.ly/39UrwsM

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

http://bit.ly/3iHCSEl

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

http://bit.ly/3o9NKvN

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

http://bit.ly/3paYJGS

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

https://bit.ly/364ty8p

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

https://bit.ly/2LE386M

“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

http://bit.ly/2Y7zw4i

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

http://reut.rs/3caE7uy

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

http://bit.ly/3qPjyb0

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

http://bit.ly/3iThkVH

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

http://dailym.ai/3sTspdK

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

http://bit.ly/3obIQPc

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

http://reut.rs/3qRWN6D

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

http://bit.ly/3icoKCX

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

http://bit.ly/398PpO7

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

http://bit.ly/39YWhwK

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

http://cnb.cx/3obsmGB

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

http://bit.ly/368mVlQ

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

http://cnb.cx/3sQ4Get

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:  

www.edwardsglobal.com

Download our 4th quarter 2020 GlobalVue™ 40 country ranking chart at this link:

http://bit.ly/EGSGlobalVue

To download our latest published article, “2021 International Outlook – Mixed Prospects Amid Global Uncertainty”, go to this link:

https://bit.ly/EGS1220article

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

http://on.natgeo.com/39dIphH

“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

http://on.wsj.com/38xSPte

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

https://mck.co/3564CwU

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

http://bit.ly/35dBKTp

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

http://bit.ly/2MRgs7X

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

http://bit.ly/3s8W1U6

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

http://fxn.ws/3brx6W0

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

http://bit.ly/3oybzyB

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

http://bit.ly/37RMlFl

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

http://bit.ly/3nuuI3a

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

http://bit.ly/2XpjuCq

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

http://bit.ly/39kWVV2

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

http://bit.ly/2L4wY3U

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

http://cnb.cx/3sdMJpJ

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

http://bit.ly/3hZsWGa

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

https://bit.ly/35nSOGF

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

http://bit.ly/35p8yJf

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

http://bit.ly/38wcrhG

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

https://bit.ly/2Xs7q3d

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

http://bit.ly/2XtyZJy

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

http://bit.ly/3nAC1pU

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

http://bit.ly/3hSqUHD

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

http://bit.ly/384Sn5T

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

http://bit.ly/3oxZWYu

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

http://fxn.ws/38wuios

Traveling soon? Here’s where you can quickly get a COVID-19 PCR test for travel.”, The Points Guy, January 7, 2020

https://bit.ly/3nscwqV

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

http://bit.ly/3brSDOo

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

http://reut.rs/3oyx7v1

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

http://bit.ly/2LHgQ8f

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

http://bit.ly/2XrKUr9

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

http://on.bcg.com/3ovwmCM

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

http://on.bcg.com/3njutHW

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:

www.edwardsglobal.com

Download our 4th quarter 2020 GlobalVue™ 40 country ranking chart at this link:

http://bit.ly/EGSGlobalVue

To download our latest published article, “2021 International Outlook – Mixed Prospects Amid Global Uncertainty”, go to this link:

https://bit.ly/EGS1220article

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 20, Monday, December 28, 2020

By William (Bill) Edwards, CEO of Edwards Global Services, Inc. (EGS)

 “It is amazing what you can accomplish if you do not care who gets the credit”, President Harry Truman

“Great minds discuss ideas, average minds discuss events, small minds discuss people”, Eleanor Roosevelt, compliments of Jeff Bevis

“The best way to predict the future is to create it”, Peter Drucker

Introduction

Best wishes to our readers in 20 countries for the holidays and a calmer, healthy and prosperous 2021. Our biweekly newsletter focuses on what is happening around the world that impacts new trends, health, consumer spending, business investment and travel. This is our 20th edition, 40 weeks since the COVID crisis formally hit.

A few highlights in issue #20:

  • Three vaccines have now been approved and two are being distributed in the EU, USA and the United Kingdom – a global vaccine update
  • The United Kingdom and the European Union have an agreement to part ways as of January 1, 2021
  • Nobel Perspectives & Economic Views: Asking the questions that matter. A UBS current knowledge resource
  • The Impact of Covid-19 on Global & Local Supply Chains
  • McDonald’s China releasing Oreo, Spam burger for limited time…..seriously!
  • A bit of fun: Stroll down memory lane with a 1996 instructional video on “How to Internet”

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

The world is a mixed place at the time of this holiday season report. Multiple vaccines are being deployed. Businesses are open in Asia but not as much in Europe and the USA. Cross border travel and tourism remains constrained, but airlines and governments are seeking ways to get planes flying long hauls once again. Predictions for the world’s economy for 2021 are optimistic. Let’s start with a vaccine update.

A COVID Vaccine Update

Astra Zeneca’s Soriot says vaccine has a “winning formula’: After the strangest festive period many of us have lived through, there is a rare dose of good news in today’s section – one has the potential to make a lot of difference to all our lives. It’s contained in Sabah Meddings’ interview with Pascal Soriot, the boss of Astra Zeneca. He has won our award for businessperson of the year – thanks to the drugs giant’s work tackling Covid-19. Soriot reveals that its vaccine – which we have bought 100 millions doses of – should work against the new strain of the virus, and that it should be just as effective as the other jabs being developed.”, The Sunday Times of London, December 27, 2020

“’The beginning of the end’: Europe rolls out vaccines to fight pandemic: Europe launched a mass COVID-19 vaccination drive on Sunday with pensioners and medics lining up to get the first shots to see off a pandemic that has crippled economies and claimed more than 1.7 million lives worldwide.”, Reuters, December 27, 2020

EU Begins Covid-19 Vaccinations After Clearing Pfizer Shot: European Union countries began vaccinating against Covid-19 as members of the 27-nation bloc struggle with a rising death toll from the virus. The coordinated rollout launched on Sunday is getting underway less than a week after the EU cleared a shot developed by Pfizer Inc. and BioNTech SE. Several European countries, including Germany, have imposed tougher restrictions in an effort to contain a winter surge in infections and deaths.”, Bloomberg, December 27, 2020

http://bit.ly/2KIsAHm

The COVID-19 vaccines are here: What comes next? Countries must prepare now for the largest simultaneous public-health initiative ever undertaken”, McKinsey & Co., December 9, 2020

http://mck.co/3nPbhDf

The United Kingdom and the Remaining 27 EU Countries reach an Agreement

“’Parting is such sweet sorrow’: EU and UK clinch narrow Brexit accord: Britain clinched a narrow Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs in its most significant global shift since the loss of empire.”, Reuters, December 23, 2020

http://reut.rs/3rvVCdY

The European Union and the United Kingdom have a final agreement to separate as of January 1, 2021. This is what the regional alliance map looks like post January 1, 2020.

Some Interesting Year End Data

“The Organization for Economic Co-operation and Development (OECD) projects that after a 4.2% drop this year, the global economy will reach pre-pandemic levels in 2021. This chart, which uses data from the OECD, shows which countries will recover the fastest from the global recession in 2020”, Visual Capitalist, December 15, 2020

http://bit.ly/3r2HBED

http://mck.co/3nPd5Mx

Bill Gates: These breakthroughs will make 2021 better than 2020. The latest on the innovations that will let us go back to normal.” GatesNotes, December 22, 2020

http://gatesnot.es/3aMnHrO

Global cargo logjam deepens, delaying goods bound for retailers, automakers: A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows. That has stranded empty cargo containers in the wrong places, spawning bottlenecks that now stretch from factories to seaports.”, Reuters, December 23, 3030

http://reut.rs/2KWuaW4

A Bit of Fun in these Times

Stroll down memory lane with this 1996 instructional video on How to Internet: Everything You Need to Know About… Introduction to the Internet is on the Internet Archive.”, Ars Technica, December 13, 2020

http://bit.ly/2WvkTXp

Global and Regional Travel Updates

“US to Require Negative COVID-19 Test for UK Arrivals Tomorrow: The US is set to require a negative COVID-19 test for travelers arriving from the UK starting December 28, 2020. Following the emergence of a new COVID-19 variant in the UK, the Centers for Disease Control (CDC) on December 25 approved the order requiring the negative tests. Canada itself, along with over 60 other countries, have virtually shut their borders to the UK while New York City has imposed a 14 day quarantine for international arrivals.”, Airways Magazine, December 27, 2020

http://bit.ly/3hkrEVC

“Will you need an immunity passport to fly? How the COVID-19 vaccine will restart travel: The majority of travelers say a proven vaccine will make them feel safe enough to hit the road again, according to a survey by the travel insurance provider Allianz. But vaccines won’t just change the way people feel about traveling: they could completely alter the entire travel experience.”, The Points Guy, December 27, 2020

http://bit.ly/37RMlFl

How Airlines Are Trying to Get Passengers Back on Long-Haul Flights: From virus-sniffing dogs to new testing requirements. Along with COVID-19 testing areas and sanitizer dispensers, air travelers in Dubai or Helsinki might notice another pandemic-era addition to airports: a station where specially trained dogs can detect the presence of coronavirus in arriving passengers.”, The Condé Nast Traveler, December 14, 2020

http://bit.ly/3nUpazN

“Tried and true tricks for getting over jet lag: Here, from the editorial staff of Fortune, is a roundup of the best tips and tricks for going the distance.”, Fortune, December 27, 2020

http://bit.ly/34MZUEl

Qantas Set to Form a Joint Business Agreement With Japan Airlines: Following the drastic reduction in the number of passengers flying this year, many airlines are seeking new ways to attract travelers on board in time for next summer. Australian flag-carrier Qantas is negotiating with Japan Airlines to increase travel between Australia and Japan by a new “joint business.” The two carriers, members of the Oneworld alliance, already have a close partnership with many mutual benefits for its frequent flyers.”, Airline Geeks, December 25, 2020

“XpresCheck, JetBlue Offer Rapid-Tests at Boston Airport: On Monday, XpresSpa Group’s subsidiary XpresCheck announced a partnership with New York-based JetBlue Airways to build a COVID-19 testing site at Boston’s Logan International Airport, reported by GlobeNewswire. The “pop-up” facility will aim to give passengers a convenient place to get tested before or after travel. Currently, officials in Massachusetts require a negative PCR test within 72 hours of entering the state to avoid quarantine.”, Airline Geeks, December 22, 2020

Your next hotel check-in may include a COVID-19 test: Are COVID-19 tests the latest resort welcome amenity? It’s starting to seem that way.”, The Points Guy, December 17, 2020

http://bit.ly/3mw77OY

“British Airways to restore service in first and business class: Currently, all meals are served in snack boxes and there is no hot meal service (with the exception of international first-class cabins). It’s nice to see British Airways — which was one of the airlines to most drastically reduce in-flight services — start reintegrating a more full-service flight experience for business and first-class passengers.”, The Points Guy, December 19, 2020

Asia Pacific Countries

Emerging stronger, fitter, faster: The rise of the Asian corporation: Leading CEOs in Asia explain how COVID-19 has accelerated five business trends in the region and why they’re confident that unprecedented opportunities lie ahead.”, McKinsey & Co., December 17. 2020

http://mck.co/34iT891

Australia

“Melbourne reaps festive benefits from its hard lockdown: Decision to close its borders, however, means many expatriates are stuck abroad for Christmas.  Restaurants, pubs and cafés expect a busy Christmas after Australia’s second most populous city emerged from a strict 112-day-long lockdown in late October. Victoria’s state government recently dropped requirements to wear face masks when dining, removed a ban on dancing and is allowing up to 30 people to visit private homes. In a symbolic moment for a nation hooked on cricket, the Boxing Day Test match between India and Australia will welcome 30,000 spectators — the first time fans will be allowed to attend the Melbourne Cricket Ground since the virus began spreading rapidly in March.”, The Financial Times, December 21, 2020

Flights cancelled, holidays in disarray as Sydney battles pre-Christmas COVID-19 outbreak: Dozens of domestic flights due to leave Sydney were cancelled on Monday and authorities issued more health alerts across the city, as Australia battled to contain a fresh COVID-19 outbreak in its largest city four days before Christmas.”, Reuters, December 20, 2020

http://reut.rs/3h261JK

Chile

Chile becomes first South American country to start COVID vaccination: Chile became the first country in South America to begin coronavirus vaccinations on Thursday after receiving its first 10,000 Pfizer-BioNTech doses, Reuters reports….The country bought 10 million doses from Pfizer-BioNTech and is expected to receive 240,000 doses in January, per Reuters. It has secured 36 million doses overall, Bloomberg writes.”, Axios, December 25, 2020

Mainland China

“Chinese consumers are spending again—but they remain wary of restaurants: As the first in and the first out of the pandemic, China’s economy has staged a dramatic recovery this year. It surged 3.2% and 4.9% in the second and third quarters, respectively, after plunging 6.8% in the first, compared with the same periods last year. But spending at restaurants has been especially slow to bounce back.”, Fortune, December 17, 2020

http://bit.ly/38hjUQ6

“McDonald’s China releasing Oreo, Spam burger for limited time: The fast food chain is only making 400,000 of the burgers. The fast food chain announced the limited-time menu item on Chinese social media platform Weibo earlier this week.  On Friday, video game analyst Daniel Ahmad tweeted pictures of the ‘Oreo x Spam’ burger, which shows a layer of crumbled Oreos on top of two slices of Spam.”, Fox News, December 19, 2020

Dr. Zhang Wenhong Talks COVID-19 and Vaccines: Greg Gilligan, Chairman of AmCham China and Dr. Zhang Wenhong, Professor and Head of the Center for Infectious Disease at Huashan Hospital of Fudan University, discussed the current global fight against COVID-19 during a fireside conversation with member companies.”, AmCham China, December 10, 2020

https://bit.ly/3nBiVkd

Sinopec Yijie and Lian Coffee set up a joint venture to push gas station coffee: Yijie has 27,800 convenience stores nationwide, covering more than 90% of Sinopec’s gas stations. Yijie Coffee will rely on Yijie convenience stores to open stores in the future. ) Sinopec entered the coffee market. December 22, Sinopec convenience stores Express announced a partnership with Internet coffee brand ‘even the coffee’ joint venture. “, Caixin, December 22, 2020, compliments of Paul Jones, Jones & Co., Toronto

India

India’s Domestic Passenger Air Traffic Grows in November: The demand for air travel during the holidays has helped India’s air traffic recover after a dark period. Indeed, passenger volume saw sequential growth of 22% in the previous month, India’s ICRA rating agency NSE said Wednesday. The ICRA also said that November domestic passenger traffic was close to 50% of domestic air travel demand in November 2019.”, Airways, December 23, 2020

Japan

COVID-19 clampdown: Japan closes borders to foreign nationals: Effective on Monday, Dec. 28, the Japanese government will bar most foreign nationals in an effort to curb the spread of the virus. Entry bans were already in place for international travelers from more than 150 countries all over the world, including the United States, Canada, the United Kingdom. The latest move, which will last until at least the end of January, simply builds upon the nation’s already strict entry requirements, and even Japanese nationals and foreigners with residency returning from short business trips, according to Bloomberg, must now comply with a 14-day quarantine, along with multiple COVID-19 tests.”, The Points Guy, December 26, 2020

https://bit.ly/2KZDSqR

Korea

S. Korea to accelerate virus vaccine efforts as first U.K. variant detected: South Korean officials are vowing to speed up efforts to launch a public coronavirus vaccination programme as the country on Monday announced it had detected its first cases of the virus variant linked to the rapid rise in infections in Britain.”, Reuters, December 28, 2020

New Zealand

“New Zealand’s ‘go hard and early’ Covid policy reaps economic rewards: New Zealand’s economy has accelerated out of a coronavirus-induced recession to grow a record 14 percent in the third quarter, reflecting authorities’ adept handling of the pandemic.”, The Financial Times, December 16, 2020

Singapore

“Singapore To Open For Business Travel In January Under ‘Bubble’ Arrangement: Singapore will allow a limited number of business, official and high economic value travelers from all countries to come to the city-state and stay at dedicated facilities under a “bubble” arrangement. Applications for the new travel arrangement, which was announced by the Ministry of Trade and Industry on Tuesday, will open next month. Travelers who qualify will be allowed into Singapore from the second half of January for up to 14 days.”, Forbes, December 15, 2020

Spain

“AmCham Spain in 2020: A Year in Review”, compliments of Angela Turrin, International Trade Advisor, U.S. Commercial Service, Madrid, December 16, 2020

https://bit.ly/2Wmam0O

Switzerland

“With Ski Resorts Closed Across Europe, Die-Hards Descend on Switzerland: Resisting pressure to close resorts in pandemic, the country says it can make skiing safe. Switzerland is holding out against pressure from other European countries to shut down its ski lifts, even though the country is struggling with one of Europe’s highest Covid-19 infection rates. Like elsewhere in Europe, anti-contagion measures punctuate Swiss daily life: Face masks are obligatory almost everywhere, large gatherings are banned, and restaurants and bars have limited hours. But Swiss authorities say skiing is safe.”, The Wall Street Journal, December 19, 2020

United Kingdom

“Britain is fifth-largest economy in world again after leapfrogging India: Britain has retaken fifth place in the rankings of the world’s biggest economies despite suffering one of the deepest recessions in the pandemic. According to the annual league table produced by a leading British economics consultancy, the UK has leapfrogged India and will accelerate away from France in the decade after Brexit.”, The Sunday Times of London, December 26, 2020

Brexit: EU ambassadors approve EU-UK trade deal: Ambassadors from the 27 EU member states have unanimously approved the EU-UK post-Brexit trade deal, paving the way for it to take effect. The deal is likely to become law on 1 January, as the UK Parliament is expected to approve it on Wednesday.”, BBC News, December 28, 2020

United States

U.S. Starts Delivery of Moderna’s Covid-19 Vaccine: Trucks carrying the shot will start rolling out Sunday, with injections slated to commence Monday. Immunizations using the newly authorized Covid-19 vaccine from Moderna Inc. are slated to start Monday, boosting the mass inoculation campaign that was launched just last week.”, The Wall Street Journal, December 20, 2020

TSA screens highest number of travelers since pandemic began: The Transportation Security Administration screened 1,284,599 people at airport checkpoints around the U.S. on Sunday, according to agency data.  It’s the highest number of travelers the TSA has recorded since the COVID-19 pandemic was declared in March. It’s also the sixth day in the last 10 that more than a million people have flown….”, Axios, December 28, 2020

Vietnam

Vietnam prepares for supply chain shift from China: Multinationals look to build up bases despite infrastructure and labour issues. Veteran business people in the region like to compare its rising economy and exuberant business climate to Thailand’s during its foreign investment-driven boom that began in the 1980s, or China’s 20 years ago when its manufacturing sector was taking off.  The boosters point to Vietnam’s solid record in making products to global standards, and to a widening network of free trade agreements, including recently with the EU and the UK.”, The Financial Times, December 27, 2020

Brand News

Domino’s launches ‘press for pizza’ button service for people bored of Christmas leftovers: The fast food chain has launched the “Turkey Panic Button” on 27 December in the hope that it will appeal to consumers who have tired of traditional Christmas foods.

Those who volunteer for the service will receive their own button and be able to push for pizza at their leisure. The pizza will then be delivered for free.”, The Independent, December 26, 2020

8 Things You Probably Never Knew About the Dairy Queen Blizzard: Only the biggest Dairy Queen fans will know these fun facts about the iconic Blizzard treat.”, Taste Of Home, December 21, 2020

http://bit.ly/2JmPIuy

Coronavirus lockdowns ‘accelerated’ innovation, Burger King, Popeyes, Tim Hortons parent say: ‘Despite the challenges we’re facing, there’s hope,’ Restaurant Brands International CEO said. although coronavirus lockdowns have been difficult for many restaurants and small businesses, Jose Cil, Restaurant Brands International CEO told ‘Mornings with Maria’ they have helped with innovation. Leading Burger King, Popeyes, and Tim Hortons, Cil said drive-thru service and delivery has increased significantly over the last 10 months and he expects it to continue when the pandemic is over.”, Fox Business, December 2020

http://fxn.ws/2Kx4n6O

Casual Dining – Alive and Well: Casual dining has been around as long as the concept of eating out has existed.  It has always held a large market share, falling nicely between fine dining and quick service restaurants.  So, let’s look at what casual dining really is, why some question its sustainability after 2020, why people go out in the first place, and how casual dining restaurants must adapt to be successful in 2021.”, Sean Ngo, VF Franchise Consulting, Ho Chi Minh City

http://bit.ly/34te2m0

Articles and Charts About Doing Business in The Times Of COVID-19 and Beyond

“Nobel Perspectives & Economic Views: Asking the questions that matter. In a global, forward-thinking future, knowledge holds the key. That’s why UBS offers you the credible source of information, Nobel Laureates in Economic Sciences, who answer the questions that shape our world. Invest in knowledge, learn from the smartest minds in science, and be better prepared for the future., UBS, December 26, 2020

http://bit.ly/2WMSigH

The Impact of Covid-19 on Global & Local Supply Chains: The coronavirus pandemic has become a “black swan” event. Its presence has shaken things up globally across all industries, particularly the global freight field, resulting in significant impacts to the world economy. The pandemic has exposed the vulnerabilities of numerous companies, especially those that rely on global supply chains, as well as international trade.”, Franchising.com, December 22, 2020

http://bit.ly/38savW7

“The biggest small business trends and challenges of 2020: Each year, SmartCompany surveys its readers to understand what they’re focusing on and investing in, and this year’s Reader Survey provides a snapshot of what the ‘new normal’ looks like after a year that has fundamentally changed the way we do business.”, Smart Company Australia, December 2020

http://bit.ly/3h3MDvR

Guide to investment trends 2021: We assess the investment opportunities thrown up by the pandemic – the possibility of battered companies and share prices making a comeback – as well as the themes that have leapt up the agenda in 2020, such as ethical investing and technology, or are set to emerge in 2021, such as healthcare.”, The Times of London, December 214, 2020

https://bit.ly/2WxLC5Q

“This way out: How leading companies chart a full-potential COVID-Exit: Half measures and incrementalism won’t work when your company emerges from a crisis. Here’s jhow leading organizations are thinking about holistic transformation to go all in”, McKinsey & Co., December 15, 2020

http://mck.co/3oZkAjS

Buy into themes accelerated by COVID-19: Technology disruption as the world undergoes a digital transformation has been accelerated by COVID-19. Trends that are here to stay….”, UBS, December 2020

https://bit.ly/2KqeOc0

 

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:

www.edwardsglobal.com

Download our 4th quarter 2020 GlobalVue™ 40 country ranking chart at this link:

http://bit.ly/EGSGlobalVue

To download our latest published article, “2021 International Outlook – Mixed Prospects Amid Global Uncertainty”, go to this link:

https://bit.ly/EGS1220article

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 19, Monday, December 14, 2020

By William (Bill) Edwards, CEO of Edwards Global Services, Inc. (EGS)

“The true test of leadership is how well you perform in a crisis”, Brian Tracy

“When life gives you a hundred reasons to break down and cry, show life that you have a million reasons to smile and laugh. Stay strong”, contributed on LinkedIn by Erik Premont and Paul Segreto

“We must accept finite disappointment, but we must never lose infinite hope”, Dr. Martin Luther King, Jr.

Introduction

Our biweekly newsletter focuses on what is happening around the world that impacts new trends, health, consumer spending, business investment and travel. A few highlights in issue #19:

  • The USA and United Kingdom approve the Pfizer vaccine and distribution starts while the EU is close to approving 1 or 2 vaccines. Bloomberg maps vaccine contracts
  • A number of sources see rapid economic growth from the middle of 2021. But resurgence of the COVID virus in some parts of Asia, Europe and in the USA means global vaccines are crucial
  • Over 900 cars paid for each other’s meals at a Dairy Queen drive-thru in Minnesota
  • Australia is seeing good economic growth as it reopens
  • Nearly a third of workers don’t want to ever return to the office in Fortune magazine survey

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 

The approval of the first vaccine for distribution in the USA and United Kingdom is very good news. A second vaccine may be approved this coming week. The actual distribution will take months. But this is very positive news for the world, for businesses and international business travel. In this issue, in addition to country and travel updates we will share charts from excellent sources that tell us what about the world today.

Interesting Data to Start

“Global Economic Forecasts, Q4 2020: The Global Economic Forecasts report focuses on quarterly macro changes for the world’s key economies and what these mean to our view of the likely, optimistic and pessimistic scenarios for the global economy.”, Euromonitor International, December 2020

https://bit.ly/2W3oMD0

This very interesting list is from the ‘Future of business: 2021 and Beyond” McKinsey webinar on December 9th. It generated lots of conversation in my Vistage group’s monthly meeting.

“U.S. Approves First Coronavirus Vaccine to End the Pandemic: We’re tracking the nine most promising shots from around the world. Bloomberg is tracking nine of the most promising vaccines around the globe, from national procurement deals to shots in patients’ arms. By our count, 7.95 billion doses have already been allotted.”, Bloomberg, December 11, 2020

https://bloom.bg/3gQPAjq

Our company’s fourth quarter 2020 GlobalVue™ country ranking chart was issued last week and clearly shows countries that managed the CVID crisis better are doing better economically.

https://bit.ly/egsgv1220

Source: Visual Capitalist, December 11, 2020   https://bit.ly/3gK5IDc

Light at the End of the COVID Tunnel: Light at the End of the COVID Tunnel: While a Winter COVID19 wave in Europe/U.S. is the late 2020 focus, vaccine approval and rollouts will dominate 2021. This should allow a reduction in official and voluntary social distancing – but how will it impact consumption and business investment, and hence growth and inflation? Meanwhile, will policymakers withdraw temporary fiscal measures or undertake some additional fiscal and monetary policy stimulus?” Find out the answers at the Continuum Economic webinar at this link:

https://bit.ly/3p0RpgD

Travel Updates

“Delta and KLM’s Pre-flight Testing Program Will Allow Americans to Travel to Amsterdam Without Quarantine: The program starts Dec. 15 and is for travelers heading out of Atlanta, Ga. Travelers to Amsterdam may be able to skip The Netherlands’ quarantine when Delta Air Lines and KLM Royal Dutch Airlines start their COVID-19 testing program on flights to the European city next week. This latest flight testing program, set to start on Dec. 15, will allow passengers on select flights from Atlanta to Amsterdam to participate in multiple tests before and after the flight, according to Delta. If passengers continually test negative, they will be exempt from quarantine upon arrival in the Netherlands.:, Travel and Leisure magazine, December 7, 2020

https://bit.ly/3a9q3Ay

Cruises and Covid-19: When U.S. Sailings Could Restart and What Safety Precautions Are Expected: Carnival, other operators are looking to resume trips next year, but health officials say cruises are high risk and require changes first. The timing for U.S. voyages ultimately depends on receiving a permit from the U.S. Centers for Disease Control and Prevention, which is requiring operators to conduct mock sailings and apply for a certificate at least 60 days before offering passenger cruises.”, The Wall Street Journal, December 14, 2020

Singapore, Hong Kong Postpone Travel Bubble Until 2021: Singapore and Hong Kong have again postponed the launch of the much-awaited travel bubble that would connect the two Asian hubs without the need for a quarantine period. The quarantine-free travel corridor launch was delayed two days before it was due to begin as Hong Kong saw a new hike in the number of COVID-19 cases begin on Nov. 21.”, Airline Geeks, December 3, 2020

Delta Resumes Only Nonstop Flights to China by U.S. Airlines: Delta Air Lines Inc. resumed nonstop flights to China on Wednesday, even as its major U.S. competitors continue to stop first in South Korea. The change extended Delta’s rebuilding of China service since U.S. airlines suspended flights in February because of the coronavirus pandemic.”, Caixin, December 3, 2020.

https://bit.ly/2K0pj6a

Taiwan and New Zealand show business travel’s future: The real boom will be in face-to-face training and sales — as you can’t close deals on Zoom. Companies also feel pressure to limit flying for environmental reasons. Travel will be subdued for some years, but business is a social activity, and memories of this pandemic will fade. ‘We’re wired to forget,’ said Darrin Grafton, chief executive of Serko, a travel technology company. Business travel will be down, he said, but not by 50 percent.”, The Financial Times, November 29, 2020

“Airlines scrap international ticket change fees as demand crumbles in pandemic: Delta and United are joining American Airlines in scrapping international change fees. The measure is an effort to drum up demand for air travel abroad, which has suffered more than domestic trips in the coronavirus pandemic.”, CNBC, December 9, 2020

https://cnb.cx/3oHsoGS

“ India domestic air travel 65% back to pre-COVID levels:

American Airlines starts offering $129 at-home Covid tests for U.S. travel to avoid quarantines: American will start offering the tests on Wednesday. The tests are meant to help travelers avoid quarantine requirements that could preclude them from booking. The at-home tests are $129 and ordered online.”, CNBC December 8, 2020

https://cnb.cx/34aMx09

Hong Kong temporarily blocks some airlines’ routes in Covid-19 prevention measure: Hong Kong has put a temporary ban on four international airlines flying specific routes into the city under a new law aimed at stopping the spread of Covid-19, the Hong Kong government told CNN Friday. In a blow to potential holiday travelers, British Airways passenger flights from London into Hong Kong have been banned from December 12 to December 25, authorities said.”, CNN Travel, December 11, 2020

La Compagnie to Resume Operations in December: French airline La Compagnie (B0) will resume operations in December with three services between Paris Orly (ORY) and New York Newark (EWR). Intending to capture some holiday season travel, the innovative transatlantic business-class-only airline has been hit hard by the COVID-19 pandemic with operations on hold since March 18, 2020.”, Airways, December 6, 2020

Asia Pacific Countries

“Developing Asia’s projected 2020 contraction to be less severe than expected, ADB says: Developing Asia is on course to contract this year, but probably less than previously thought as China recovers faster than expected, although the prolonged pandemic remains a risk to the outlook, the Asian Development Bank (ADB) said on Thursday.”, Reuters, December 9, 2020

https://reut.rs/3a7ZjjO

Covid-19 Surge Hits South Korea and Japan, After They Had Contained Virus: Uptick in outbreaks among Asia’s coronavirus success stories comes after life had been restored to pre-pandemic levels. Some Asian countries that have been among the world’s most successful at containing Covid-19 are now struggling to beat back a winter resurgence, a sign of how elusive sustained progress can be until a vaccine gets rolled out widely.”, The Wall Street Journal, December 9, 2020

Australia

“Australia consumer sentiment hits 10-year high: A measure of Australian consumer sentiment climbed for the fourth straight month in December to a 10-year high as the country further relaxed virus restrictions and states opened their borders to each other. A measure of Australian consumer sentiment climbed for the fourth straight month in December to a 10-year high as the country further relaxed virus restrictions and states opened their borders to each other.”, Reuters, December 8, 2020

https://reut.rs/37fcJsp

Brazil

Knocked down (but up again): Brazil’s economy: In the three months to June, Brazil’s economy shrank by a record 9.7%, quarter-on-quarter. Most forecasters expect that today’s third-quarter figures will show a rebound of more than 8%. Big stimulus spending—including 265bn reais’ ($51bn) worth of monthly “coronavouchers” for 68m poor Brazilians—have boosted consumption, helped by an easing of social-distancing rules. The stronger-than-expected recovery has prompted the government to project a smaller contraction of GDP in 2020: 4.5%, rather than 4.7%.”, The London Economist, December 3, 2020

https://bit.ly/2WeS7tW

Mainland China

“China Car Sales Rise Again, Cementing Pandemic Recovery: To boost sales, government has been easing purchasing quotas and giving subsidies to car buyers. Car sales in China, the world’s largest auto market, rose for a fifth straight month in November, as strong demand and policy stimulus continued to cement the recovery from the coronavirus pandemic.”, The Wall Street Journal, December 8, 2020

China Business – Opportunity or risk? A smarter approach: Pursuing business in China has never been easy, and now after a trade war, pandemic and other unfavorable conditions, it has become even more tricky. Yet, opportunities still abound for companies able to approach China smartly and employ the latest approaches to business…”, a YouTube® video on doing business right in China today, Chris Wingo, China Sage Consultants, Shanghai

https://youtu.be/8zzCthu4sQI

“‘Made in China,’ Once a Badge of Derision, Finds New Fans—in China: After decades of lagging behind foreign rivals, domestic brands are increasingly competitive.”, Bloomberg Businessweek, December 2, 2020

https://bloom.bg/2K1D58r

Goldman Sachs shifts to full ownership of China securities joint venture: Goldman Sachs Group Inc has signed a pact to buy out its China joint venture partner to make it the most advanced foreign bank to take full ownership of a mainland securities business.”, Reuters, December 7, 2020

Chinese exports grow 21% amid global appetite for pandemic products:  China’s exports grew at their fastest pace this year in November, with rising global demand for the country’s goods pushing its trade surplus to the highest monthly level on record.”, The Financial Times. December 6, 2020

Trending in China: Starbucks Latest Expansion Leaves Netizens Unimpressed, as Some Still Show Love for Luckin: Starbucks has announced that it will open 600 new stores in China in its coming fiscal year. The news seems to be even more popular than an iced guava passionfruit apple latte topped with whipped cream – if such a thing exists – and is trending on Weibo with 90 million views and over 2,000 comments. Starbucks announced at an investor day event on Wednesday that it plans to expand its global footprint from the current 33,000 stores to 55,000 by 2030, focusing on what it calls “walk-thru” locations in busy metropolitan areas where customers can pick up their orders after placing them online using their smartphones.”, Caixing Global, December 11, 2020

European Union

“Europe Relaxes Covid-19 Rules For Christmas: France, Spain, the U.K. and parts of Germany will ease restrictions to let families get together, despite still-high contagion. Many European countries are planning to relax restrictions on travel and social contacts for the Christmas and New Year period despite still-high levels of coronavirus infections, bowing to public pressure to allow more family gatherings.”, The Wall Street Journal, December 4, 2020

“Ski resorts are closed in most of Europe, but not in Switzerland: France and Italy are keeping ski resorts closed through the holidays, but Switzerland’s share of the Alps is already open.”, Axios, December 4, 2020

“ECB gives euro zone new shot in arm to fight pandemic: The European Central Bank rolled out yet more stimulus measures on Thursday to lift the currency bloc out of a double-dip recession and provide support to the economy while its 350 million people wait for coronavirus vaccines to be deployed.”, Reuters, December 9, 2020

https://reut.rs/3a8B4Sw

India

India Domestic Air Travel 65% back to pre COVID-19 Levels:  According to Indian Civil Aviation Secretary Pradeep Singh Kharola. nearly 65% of domestic air travel has returned to pre-COVID-19 levels. The Secretary also said a strategy to bring the tourism industry back to its feet now needs to be established. According to economictimes.indiatimes.com, Kharola also said that air travel had become a favored mode of travel as a secure means of transport during the pandemic.”, Airways Magazine, December 1, 2020

Israel

Israelis Flock to the Gulf, Undeterred by Government Warning of Iranian Attacks: Israeli concerns come in the wake of the killing of a top Iranian scientist last month. Israelis are traveling in droves to the United Arab Emirates for work and pleasure, filling up the first-ever direct commercial flights between the two countries in pursuit of new opportunities in the Persian Gulf despite heightened tensions in the region.”, The Wall Street Journal, December 11, 2020

Japan

Japan’s third quarter GDP revised up to annualised 22.9% growth: Japan’s economy grew an annualised 22.9% in July-September, better than the initial estimate of a 21.4% expansion, revised data from the Cabinet Office showed on Tuesday, as it rebounded from a COVID-induced recession.”, Reuters, December 7, 2020

Korea

South Korea to allocate 72.4% of 2021 fiscal outlays in first half: South Korea plans to spend most of its annual fiscal budget in the first half of 2021 to shore up growth hit by the coronavirus pandemic, the finance ministry said on Tuesday.”, Reuters, December 7, 2020

https://reut.rs/2JRLADi

As South Korea’s economy rebounds, small businesses struggle with tighter coronavirus curbs: Official figures show the country’s economy rebounding from its pandemic slump, with exports rising and growth data coming in stronger than expected. But all that means little to the small business owners hit by a slew of new Covid-19 restrictions in the wake of surging infection rates.”, South China Morning Post, December 4, 2020

https://bit.ly/384hYdG

Peru

“Peru economy minister sees room to upgrade 2021 growth forecasts: Peru expects to raise its economic growth projection for 2021 from the current forecast of 10% as coronavirus cases fall from this year’s devastating peaks, reinvigorating the world’s No. 2 copper miner, Economy Minister Waldo Mendoza told Reuters.”, Reuters, December 7, 2020

“Peru Will Reopen Its Borders With Europe On December 15: On Dec. 15, Peru will take a definitive step in its process of reopening tourism, with the government again allowing flights more than eight hours long to its territory. As announced, since Oct. 5, and as part of phase four of an economic reactivation plan, international operations with neighboring countries were authorized. And since early November, international flights lasting up to eight hours long have been allowed into and out of the country.”, Airline Geeks, December 10, 2020

Thailand

“Thailand to reopen to the outside world next year, minister says: Thailand’s economy should rebound from the shock dealt by the coronavirus pandemic and be ready to reopen to the outside world by the second half of 2021, the kingdom’s finance minister told the Financial Times.”, The Financial Times, December 9, 2020

United Kingdom

U.K. Allows Banks to Resume Dividend Payments: Regulator says it isn’t necessary to extend precautionary action taken as the pandemic began. U.K. banks can resume paying dividends next year after regulators ended a ban introduced in March to make lenders conserve capital during the coronavirus pandemic.”, The Wall Street Journal, December 10, 2020

Brexit: UK and Singapore sign free trade agreement: Singapore and the UK signed a free trade deal in the Southeast Asian city-state on Thursday. The deal will cover a trade relationship worth more than $22bn (£17bn). The agreement largely mirrors an existing deal between Singapore and the European Union (EU).”, BBC News, December 10, 2020

https://bbc.in/2Wb2IWV

United States

“CDC advisory panel recommends COVID-19 vaccine for widespread use: A U.S. Centers for Disease Control and Prevention advisory panel on Saturday recommended the nation’s first COVID-19 vaccine, helping clear the way for public health authorities to begin the largest vaccination campaign in U.S. history.”, Reuters, December 12, 2020

https://reut.rs/37cJhTR

“U.S. expects to have immunized 100 million against COVID-19 by end of March: The United States expects to have immunized 100 million people with the coronavirus vaccine by the end of March, the chief adviser for the U.S. COVID-19 vaccine program said on Sunday.”, Reuters, December 13, 2020

Small business owners’ optimism ticks up, still trails pre-pandemic levels: The latest Wells Fargo/Gallup Small Business Survey reveals an uptick in optimism from some owners regarding the pandemic’s impact on their livelihood, though overall positivity remains far below pre-pandemic outlooks. Results from the fourth quarter survey show small business owners are notably more optimistic about the future compared to responses in April and slightly more hopeful than in July.”, The Hill, December 8, 2020

https://bit.ly/2LziwAP

U.S. economy to slow in first-quarter but reach pre-COVID-19 levels in a year: Reuters poll: U.S. economic growth will lose momentum this quarter and next but expand faster than previously thought after that, according to a Reuters poll of economists, a firm majority of whom now expect the economy to reach pre-COVID-19 levels within a year.”, Reuters, December 9, 2020

https://reut.rs/3nigNxH

Amazon Wants to Train 29 Million People to Work in the Cloud: New programs seek to help people from Montana to Nigeria attain roles ranging from tech support to machine learning. Amazon announced an effort Thursday aimed at helping 29 million people world-wide retrain by 2025, giving them new skills for cloud-computing roles as the pandemic upends many careers. The online giant committed $700 million last year to reskilling 100,000 of its own workers in the U.S. The new effort will build on existing programs and include new ones in partnership with nonprofits, schools and others.”, The Wall Street Journal, December 10, 2020

More Americans Are Becoming Their Own Bosses in the Coronavirus Economy: To adapt to pandemic-related job loss, Americans are becoming entrepreneurs. Emerging entrepreneurs have found success by offering services to people who are faring better economically. Interest in freelancing has also increased during the pandemic….”, The Wall Street Journal, November 18, 2020

https://on.wsj.com/2K0dwoq

Brand News

Health and Fitness Trends in Asia”, Sean Ngo, VF Franchise Consulting, December 9, 2020

https://bit.ly/33Zwfat

Over 900 cars paid for each other’s meals at a Dairy Queen drive-thru in Minnesota: What started as a random act of kindness from one man paying for the car behind him in a Dairy Queen drive-thru resulted in over 900 cars also taking part in the pay it forward chain.”, CNN, December 9, 2020

“3 actionable insights with… Denny’s brand chief John Dillon: ‘America’s Diner‘ has managed to beat earnings estimates thanks to some smart, speedy and soul-searching adjustments throughout the year. Denny’s 1,700 locations dialed up four key guest-centric themes: reassurance, value, comfort and convenience. Changes have included a greater emphasis on its Denny’s on Demand curbside offering, value deals like free pancakes delivered and a thoughtful programs honoring US veterans – with more on-deck for this challenging holiday season.”, The Drum, December 3, 2020

https://bit.ly/2WdSllj

“You won’t be able to get Popeyes in this country anymore: The fast-food restaurant business is growing fast in South Korea (via Statista), but Popeyes won’t be part of that wave. The Korea Herald reports the chicken chain will close all of its South Korean locations at the end of this year.”, Mashed, December 9, 2020

https://bit.ly/37d591u

Starbucks chief bullish as crisis engulfs smaller coffee shops: Kevin Johnson targets market share gains as rivals falter and customers return to the office: The global pandemic will only briefly interrupt Starbucks’ industry-beating growth, Kevin Johnson told the Financial Times, as he overhauls cafés, deploys artificial intelligence and raises wages to sharpen the competitive advantage of the world’s biggest coffee chain. ‘People will be back in Starbucks stores at a rate far beyond what they were pre-pandemic,’ he said in an interview on the eve of a biennial investor day.”, The Financial Times, December 8, 2020

https://cnn.it/3aaNkSC

5 Popular Fast Food Restaurants That You Won’t Even Recognize Next Year: Recent innovations inspired by the COVID-19 pandemic have dramatically changed several brands’ image.”, Eat This, Not That!, December 9, 2020

https://bit.ly/3a80ekg

At InXpress, Covid Has Shortened the Time from Signing to Opening”, Franchising.com, December 2020

https://bit.ly/3guaGE3

Articles and Charts About Doing Business in The Times Of COVID-19 and Beyond

“Worldwide Cost of Living 2020: How is Covid-19 affecting the prices of consumer goods?”, The Economist Intelligence Unit, December 2020

https://bit.ly/341Pikl

Nearly a third of workers don’t want to ever return to the office: To get an eye on the future of work, Future Forum by Slack conducted a three-month survey of over 9,000 knowledge workers or skilled office workers around the world—something they used to build their Remote Employee Experience Index. Future Forum by Slack gave Fortune Analytics exclusive access to that raw data.”, Fortune, December 6, 2020

https://bit.ly/2LpPNOI

Speeding up to become even more consumer-obsessed: An interview with GSK’s Keith Choy: The leader of GlaxoSmithKline’s Asia–Pacific Consumer Healthcare group describes how his organization is speeding up to serve consumers, despite the heightened uncertainty of COVID-19. The massive uncertainty around COVID-19 has fixed some companies—and managers—in place, making them unable to react quickly to the changes affecting their business. But for others, it’s been a catalyst for change and an opportunity to gain new insights about their customers’ needs and to demonstrate their agility to adapt and grow.”, McKinsey, December 9, 2020

https://mck.co/2K0hLjQ

Grading Our 2020 Annual Forecast as 2021 Approaches: Every December here at Stratfor, we sit down and do the critical work of self-assessment, taking the forecast we made the previous December and seeing how it stacked up against actual world events. Even with the pandemic throwing the world a little askew, we still had a strong 2020 forecast with quite a few hits and just a handful of misses.”, Stratfor, December 11, 2020

https://bit.ly/2JLJF35

“Rethinking Supply Chains”, Council on Foreign Relations, December 10, 2020

https://on.cfr.org/3oG1Ky8

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:   www.edwardsglobal.com

Download our 4th quarter 2020 GlobalVue™ 40 country ranking chart at this link:

http://bit.ly/EGSGlobalVue

To download our latest published article, “2021 International Outlook – Mixed Prospects Amid Global Uncertainty”, go to this link:

https://bit.ly/EGS1220article

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.


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