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Juan Cerutti, vice president of economic research at Santander, also called attention to how Latin America has weathered the situation, with strong exchange rates and continued GPD growth in most countries. “The situation is different this time, thanks to the central bank's early action, healthy commodity price levels and strong macroeconomic principles,” Cerruti said in a roundtable with Banco Santander's Latin America chief economists. He attributes the region's success in responding to changes in interest rate cycles partly to the macroeconomic environment, as evidenced by the strong performance of the external sector. Exports have tripled in 20 years and foreign…
comment: While we wait to see what form our next government will take and where climate change will fall on its list of priorities, one thing has not changed: the climate is warming. We are witnessing the scale and impact of catastrophic climate change accelerating. In the first 12 days of September alone, 10 countries and territories experienced severe flooding. We are already seeing climate instability in action in New Zealand when the Auckland floods and Cyclone Gabriel devastated communities earlier this year. The scale of the humanitarian impact will only continue to grow, requiring a response from not only…
in GamesIndustry.biz At September's HR Summit, organizational psychologist Graham McAllister gave a talk titled “Adjusting Game Vision: Its Role in Team Effectiveness” to help studios maintain a clear vision of what they're creating. We looked for ways to improve your game by doing so. McAllister previously founded Player Research, a user research and playtesting studio, in 2012, but left the company in 2019. He then founded TeamSync, a studio specializing in keeping teams aligned during development. After asking the audience for three things they think will increase a studio's chances of success, McAllister suggested that a creatively aligned team is…
The digital environment is highly dynamic. It was just yesterday that big data was a buzzword, and today, generative AI is the talk of the town. How will businesses respond to this unstoppable and overwhelming wave of change? Let's not forget the curveballs we faced when the pandemic hit us. You never know what the future holds next. What we've seen during the pandemic is a glimpse of what businesses need to do to prepare for all this uncertainty. The cursor has forever shifted from “if” to “how” organizations can successfully navigate the digital age. The global digital transformation market…
A newly opened Chef Store in Roanoke hopes the quality and price of its food, beverages and kitchen supplies will draw restaurant food buyers and home shoppers to the store, which has an unusual feature: a cold room. .The owner, US Foods, stores meat, dairy products, and vegetables in the freezer. This is not a backroom inventory cooler, but an in-store cold room that accepts customers and their flatbed shopping carts. On opening day, the temperature in the meat and dairy room was about 35 degrees, but the temperature in the vegetable room was a few degrees warmer.Shoppers can peer…
Shopee is a Singaporean e-commerce site founded by Forrester Li in 2015 with a typical marketplace revenue-based business model. Sellers are charged commissions and transaction fees every time they sell on the platform. Shopee sells a variety of ancillary and free services. The company offers to take over the fulfillment process for sellers and offers its own digital wallet as a payment option. sideexplanationFees and chargesShopee makes money by charging commission Sellers are paid for every successful sale made through the platform. These fees are typically a percentage of the transaction amount and vary depending on the category of product…
FORT LAUDERDALE — Adolfo Perez, senior vice president of global sales and trade marketing for Carnival Cruise Lines, has a message for all travel advisors, whether they are franchise owners, full-time independent contractors or part-timers. . “I need a business plan.”On stage at Cruise World on Friday, Perez said independent contractors have flourished since cruise ships returned from the pandemic-induced shutdown, but many of them “don't necessarily feel like they're running a business. ” he said.Mr. Perez and Mr. Carnival are asking advisors to more closely run the ships, which is the driving force behind the cruise line's “Your Winning…
THIRD-QUARTER REVENUE UP 11.1% VERSUS THIRD-QUARTER 2022GROUP OCCUPANCY RATE UP 1.8 PERCENTAGE POINTS VERSUS THIRD-QUARTER 2022, WITH ALL GEOGRAPHIC AREAS CONTRIBUTING TO THE IMPROVEMENTTHIRD-QUARTER INCREASE IN THE OCCUPANCY RATE FOR NURSING HOMES IN FRANCE, GAINING 1 PERCENTAGE POINT COMPARED WITH FIRST-HALF 2023FINANCIAL PROJECTIONS UPDATED FOR THE 2023-2025 PERIOD AND EXTENDED TO 2026:- EBITDAR FORECAST FOR FULL-YEAR 2023 EXPECTED TO COME IN AT THE LOWER END OF THE €705-€750 MILLION RANGE ANNOUNCED IN JULY- EBITDAR (€1.2 BILLION) AND FINANCIAL LEVERAGE (5.5X) TARGETS IN THE NOVEMBER 2022 BUSINESS PLAN SHIFTED BACK BY 12 MONTHS FROM 2025 TO 2026IMPLEMENTATION OF THE ACCELERATED SAFEGUARD…
The urban agriculture business is growing rapidly. In addition to businesses and agricultural entrepreneurs, individuals, neighborhood groups, and local collaborators are also beginning to participate in sustainable agriculture in cities. Local governments, community initiatives, academic researchers, and investors can encourage the start of vertical farms, rooftop greenhouses, or aquaponics farms. What started as a movement has developed into an interesting business case around the world. According to a report published by Fior Markets, the global urban agriculture market is expected to grow from USD 2.77 billion in 2019 to USD 16.14 billion by 2027. In North America, increasing supply of…
These are tense times for GroupM, the world's largest media buyer.With the departure of Kirk MacDonald, CEO of North America and perhaps one of our most prominent senior executives, after three years, we will not only have to find a permanent replacement for him, but also Pressure is on to make up for hundreds of millions in lost media revenue. Client desertion. What's worse for the WPP-owned global media agency group is that these problems are just the tip of the iceberg. There are challenges on several fronts, including economic uncertainty, intense competition, talent retention concerns, structural weaknesses, and evolving…