This strain is forcing high energy costs on European companies which in turn will inevitably affect imports from Europe and the companies buying them as prices soar to accommodate energy costs. What could this mean for business owners enmeshed in globalization? Well, if you’re importing from Europe or doing business with anyone in the EU, expect higher trade prices as European companies are attempting to offset the cost of rising energy, especially if Russia puts embargos on their oil.
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Expanding into new territory is an exciting venture, but not without its risks. Before consideration of globalization, you should have a trustworthy International Attorney on retainer to ensure smooth transition. In partnership with your attorney, there are three critical points of action that will help you to avoid any catastrophes in the process…
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We now have cause to give great consideration in business-building to crafting companies that not only have use in the world during and after COVID, but how those businesses will employ and utilize a human, and machine workforce going forward. Though the pandemic is only rumored to continue into the Fall of 2021 - the impact of the economic shift it has created will ripple far into the future and we must individually prepare for it.
Businesses must start to consider now - roles and opportunities outside of manufacturing as many of these roles will be filled by computers in the coming years. Educational institutions now teaching remotely will need alternative ways to generate a useful workforce now that physical tasks and labor are effectively being reassigned…
So what can your business do to ensure the safety of your employees, patrons, and yourself?
Purchase PPE (personal protective equipment) for the employees you have working for your establishment. Items like gloves, masks, hand sanitizer, and ample amounts of antibacterial hand soap should be readily available for your entire workforce. Your employees require their jobs but also require their employers to care about their safety…