Davos 2017 Results

2017 World Economic Forum Annual Meeting took place in Davos, Switzerland last week. It had more than 3,000 participants from nearly 100 countries, including over 50 heads of state or government who participated in some 400 sessions.

The meeting has planned to focus on four key leadership challenges for this year: strengthening global collaboration, revitalizing economic growth, reforming capitalism and preparing for the Fourth Industrial Revolution.

Let’s see what the Davos meeting has achieved. 10 main results of Davos 2017:

1. Environment
There was a new public-private tropical forest fund launched. It will raise $400 million by 2020 to help small-scale farmers in forest areas protect five million hectares of land by reducing deforestation and peatland burning, whilst also improving their crop productivity.

2. China to green its economy
Chinese Ministry of Environment Protection signed an agreement with the World Economic Forum for a major five year collaboration on advancing China’s environmental policies, including bringing together leading companies, innovators and investors to help China accelerate a circular economy, promote the sharing economy, take further action on climate and oceans; and to harness new fourth industrial revolution technologies for the environment.

3. Tackling plastics pollution
Over 40 industry leaders including some of world’s largest consumer goods, retailers and recycling firms, and governments endorsed a detailed action plan to increase global reuse and recycling rates for plastic packaging from its current 14% to 70%.

4. Jobs
Signatories to the Forum’s New Vision for Arab Employment project said they have now helped re-skill 250,000 people since 2013, and are now targeting 1 million current and future workers.

5. Digital security
The World Economic Forum will join with the Boston Consulting Group (BCG), Kaspersky Lab and other partners to develop a playbook for governments to strengthen their capabilities in preparing for, responding to and recovering from cyber-attacks.

6. Health
Officially launched at Davos 2017, a new innovative public-private alliance – CEPI – will start on working to outsmart epidemics by creating vaccines that can be released quickly once an outbreak occurs.

7. Impact of automation
39 top technology companies, agreed to launch a consortium for the skilling of workers displaced by automation. The consortium will provide resources and capital and, through the World Economic Forum platform, focus initially on the financial services and manufacturing sectors.

8. Inclusive growth
A new Inclusive Growth Report was launched which will present a new global index to provide a richer and more nuanced assessment of countries’ level of economic development than the conventional one based on GDP per capita alone.

9. Responsible business leadership
The Compact for Responsive and Responsible Leadership – a roadmap for business leaders to pursue sustainable long term growth and opportunity, reached a tipping point at Davos with the first 100 compacts signed by leading companies.

10. World leaders ideas
Xi Jinping became the first ever Chinese president to participate in the Annual Meeting. In a major speech at the opening of the meeting, he said that globalization should not be blamed for the world’s problems and called on the international community to press ahead with implementing the Paris Agreement on climate change.
Henry A. Kissinger told participants in the closing session that Xi Jinping’s speech at the opening session was “of fundamental significance”.


E-commerce in China

Chinese economy influence on global economy is indisputable now. One of the leading economies, Chinese label “Made in China” made the country the largest manufacturer in the world. And it has led the way in developing innovative processes that have fundamentally transformed production and supply chains. But China is changing.


And a new lexicon may be in order: Digitized in China.
There are more social sites in China than any other country in the world. Chinese consumers use these sites to share, shop and consume in totally new ways. Talking has taken a back seat to texting. Wallets have been replaced by mobile devices. Hailing cabs is now done online.
Digital technologies are enabling innovation that is not only reshaping our personal lives, but redefining entire industries. And China is at the forefront of many of them.

Over the next year, this digital transition will accelerate. And China will lead the way. Here are three things you can expect:

1. The Business and Consumer Worlds will Collide
Companies across China are looking for ways in which they can run faster, simpler and smarter. Much like the social applications and networks that consumers use to manage their personal business, Chinese companies will tap into cloud-based applications and business networks to digitize their operations and manage everything from buying and selling to managing cash in a more efficient and effective manner.

2. The Universe will Get Bigger
Empowered by the easy and borderless collaboration that networks enable, Chinese companies will scale their operations and open new worlds of opportunities. In support of the One Belt and One Road initiative, corporate buyers will discover, connect and collaborate with a global network of partners to expand beyond sourcing materials locally. And suppliers will connect with profitable customers globally who are increasingly doing business online, opening new markets and revenue streams.

3. The Chinese Economy will Diversify
Chinese companies will leverage the massive investments the government is making in the building blocks of the Internet economy such as cloud computing, wireless communications, new digital platforms, big data analytics and the Internet of Things alongside business networks to fuel the next generation of smart manufacturing. Driven by more efficient, flexible and sustainable processes, companies will stimulate domestic demand growth and reduce the country’s reliance on exports, creating a more balanced economy.
Technology and networks have fundamentally altered the way we live and work. China has been instrumental in this digital transformation. And it will continue to drive it through investments in innovations that push the limits of what is possible and change the way business gets done.

[Based on the article by Gareth Bowen]

Black Friday Facts

Today is Black Friday, when shoppers look for discounts online and in stores. Whether they’re looking for the newest, most advanced tech device or the perfect outfit for New Year’s Eve, buyers know retailers will offer some of their best deals during this time.


1. Electronics is the most popular category of Black Friday shopping. 59% of buyers are going to look for cheap tablets and smartphones.
Clothes come next – 47% of shoppers are intended to get new apparel and accessories items.

2. People spend about $50-60 billion on Black Friday – crazy amount of money.

3. Monday after Black Friday is called “Cyber Monday” – a day of online shopping. Many online shops offer big sales on this day.

4. Although Black Friday is not the only day with big sales, it is the most popular in the world: this tradition took Russia, Norway, France, and many other.

5. Walmart broke the Black Friday tradition in 2011, when it opened its store on Thanksgiving evening. Ever since, retailers have been in a race to catch up and now, 33 million Americans said they planned to shop immediately after turkey.

Trade Logistics in the Global Economy

Many factors determine a country’s logistics performance – including infrastructure, regulations, policies, geography, and political economy.


The 2016 edition of the new report Connecting to Compete 2016: Trade Logistics in the Global Economy includes The Logistics Performance Index (LPI) scores and benchmarks countries’ performance on logistics. Germany ranked first for the second time in a row, and Syria ranked last. The top performing countries tend to be high-income; countries with the lowest scores tend to be low-income.
The report covers 160 countries based on the multidimensional assessment of over 1000 global logistics professionals.

Global trade depends on logistics, and how efficiently countries import and export goods defines how they grow and compete in the global economy. Countries with efficient logistics can easily connect firms to domestic and international markets through reliable supply chains. Countries with inefficient logistics face high costs – both in terms of time and money – in international trade and global supply chains. This can severely hamper a nation’s ability to compete globally.

With so many factors involved in a country’s logistics, it can be difficult to conduct comparisons across countries. This is why the latest issue of the World Bank Group report captures critical information about the complexity of international trade. The index scores countries on key criteria of logistics performance, including border clearance efficiency, infrastructure quality, and timeliness of shipments, among others. For the second time in a row, Germany is the top performer, while Syria ranked last.

The scores are based on two sources of information: a worldwide survey of logistics professionals operating on the ground (such as global freight forwarders and express carriers), who provide feedback on the countries in which they operate and with whom they trade; and quantitative data on the performance of key components of the supply chain, such as the time, cost, and required procedures to import and export goods.

Main lines

– Top performing countries have remained relatively consistent since 2010. The top 15 performing countries have changed only marginally since 2010, and include dominant players in the supply chain industry, such as Germany, the Netherlands, and Singapore. The 2016 report ranked Germany the highest and Syria the lowest. Countries at the bottom of the rankings are either fragile economies affected by armed conflict, natural disasters, political unrest, or geographic constraints.

– The “logistics gap” between more and less developed countries persists. High income countries, on average, score 45% higher on the LPI than low-income countries. In previous editions of the report, the lowest performers appeared to be catching up. However, this trend reversed in 2016, and the gap between the top ranked countries and those at the bottom of the scale widened.

– Supply chain reliability continues to be a major concern for traders and logistics providers alike. Among the top 30 countries in the LPI, approximately only 1 in 10 shipments fail to meet quality criteria in the top 30 performers. Among the bottom 30 countries, nearly three times as many shipments fail to meet these standards.

– Income alone does not explain performance. The willingness to reform and implement good practices and policies can have a direct impact on fluidity of crossborder shipments. Examples like the Single Customs Territory in the East African Community, which allowed for steep reductions in clearance times along regional corridors, can be good examples of how such policy changes can have dire positive impacts on supply chain efficiency.

– Infrastructure continues to play a big role in assuring basic connectivity and access to gateways for most developing countries. In all income groups, survey respondents reported that infrastructure is improving. However, countries in the bottom quintile of LPI scores are improving at a much slower pace than those at the top of the scale. Regardless of income levels, logistics professionals are the most satisfied with ICT infrastructure and the least satisfied with rail infrastructure.

– Border management reforms are a serious concern. Countries at the bottom of the rankings continue to struggle with paperwork and long delays. This is especially true for low- income economies constrained by geography such as landlocked developing countries.

Top 10 world’s most attractive e-commerce countries

Global Retail E-Commerce Index published a list of countries that are best for doing business online. It is based on nine variables, including select macroeconomic factors as well as those that examine consumer adoption of technology, shopping behaviors, infrastructure, and retail-specific activities.

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Here are the top 10 best countries for E-Commerce:
1. China
2. United States
3. Japan
4. Germany
5. United Kingdom
6. France
7. Singapore
8. Italy
9. Brazil
10. Canada

Virtual Reality At Home

One of the first commercially available virtual reality headsets was the Forte VFX1 which was announced at CES in 1994. The VFX-1 had stereoscopic displays, 3-axis head-tracking, and stereo headphones.
Now there are high-end virtual reality headsets created providing an immersive virtual reality experience.

These headsets consist of a stereoscopic head-mounted display (providing separate images for each eye) and head motion tracking sensors (which may include gyroscopes, accelerometers, structured light systems, etc.). Some devices also include headphones, eye tracking sensors and gaming controllers.

The virtual glasses can take you away from the real life and allow you to find yourself in a completely different place, or world! All of this travel from the comfort of your own home. You can immerse yourself in a virtual world, kick back and watch 3D movies and play intuitive games all through this one piece of technology.


New Transparent Train Design

Japanese architect Kazuyo Sejima has proposed a new design for a Japanese commuter train with semi-transparent and mirrored surfaces designed to help it blend in with the surrounding landscape.

Seibu Group has unveiled this new Limited Express train concept for its “Red Arrow” series that would be one with the environment, melding into the background as it travels through city and countryside.