For the past 15 years, China’s economy has been booming because of their large manufacturing industry. However, times are shifting and, China is moving away from dependence on exports. Stephen Roach, a senior fellow at Yale University said, “China is changing from a producer model to a consumer model. That’s an enormous opportunity for the…
China’s economy has been booming for the past 15 years, but things are really slowing down. The auto industry is feeling the slowdown, too. New-vehicle sales in China are only half of what they were a year ago. Surprisingly, automakers are not slowing down production to match demand, and dealers in China are speaking out…
India wants to become a solar-powered super country. They have plans to improve their solar capacity 30-fold by 2020. One of the biggest plans is to promote the use of domestic solar panels and make them affordable for consumers. However, India’s buy-local rules could jeopardize their ability to do so because of World Trade Organization…
At the beginning of February 2015, health insurer Anthem Inc. faced a massive cyberattack where there was a breach in patient records. Hackers got away with patient names, social security numbers, and health information of millions of customers. The Wall Street Journal went on to report that the cyberattacks could possibly be linked to China…
China has always had one of the fastest growing economies — up until recently, a large chunk of the clothes and products sold in big chain stores came with the label, “Made in China.” However, things have been slowing down for China’s economy since 2009. This raises concerns that their economy could be headed for…
Lalamove is a logistics company that helps customers transport items from one place to another with the use of a simple app. Customers simply put their needs into Lalamove’s app and then select the local drivers and couriers they want to deliver their items. It brings a whole new dimension to shipping because customers don’t…
Turkey strongly depends on other countries for their energy. Therefore, they want to build a nuclear power plant in Akkuyu, which is in the Turkish province of Mersin. However, several groups object to the power plant because of concerns over the environment, the impact of people living nearby, and radioactive waste disposal. Despite the controversy,…
Over the next five years, Volkswagen plans to invest $106.3 billion on new fuel-efficient vehicles. This includes a plan for new factories and expansion in China. The automaker wants to be a world leader in economical and ecological vehicles. Volkswagen’s investment is projected between 6 and 7 percent of their revenue between 2015 and 2019….
During the past decade, cotton production in India has experienced exponential growth. According to Commodity Online, output has increased from 15.8 million bales of cotton in 2002 to 40.2 million bales of cotton in 2014. Now, 37 percent of the world’s cotton acreage is in India. That means India has surpassed the cotton production in…
Scandals always make the news, especially when they involve high-profile companies like Apple. In 2010, Apple’s former Global Supply Chain Manager Paul Devine was involved in a conspiracy to sell Apple product details to Asian manufactures. Three years later, he has finally been fined $4.5 million and sentenced to one year in prison for his…