Ayhan Kose, director of the World Bank’s Prospects Group, discusses how the war in Ukraine has compounded the damage left by the COVID-19 pandemic and magnified the slowdown in the global economy. The risk of stagflation is increasing with potentially harmful consequences for middle and low-income economies alike. Learn more from the latest edition of the Global Economic Prospects report, which projects that global growth will slump from 5.7 percent in 2021 to 2.9 percent in 2022.
The U.S. Chamber of Commerce hosted its 2nd annual Global Forum on May 10 and 11, 2022. The forum focused on how government and business leaders can address global challenges
Myron Brilliant, executive vice president and head of international affairs for the U.S. Chamber, set the stage for the day’s programming. He summarized three major issues affecting the interconnected global economy, as well as some significant opportunities American businesses have to impact the global economy.
World leaders are failing to prepare for a new era of complex and often unpredictable risks to peace as profound environmental and security crises converge and intensify, according to a major report by the Stockholm International Peace Research Institute (SIPRI). The report, Environment of Peace: Security in a New Era of Risk, offers policymakers principles and recommendations for navigating this volatile future.
The manufacturing and supply chain community came together in March for a return to in-person trade shows with a record-setting MODEX event, according to show producer MHI. More than 37,047 visitors connected with over 857 exhibitors across 405,000-square-feet of exhibit space at Atlanta’s Georgia World Congress Center.
This was the largest MODEX event to date for MHI, with 20% more visitors than the last pre-pandemic show – MODEX 2018. Additionally, the direct economic impact of this event to the Atlanta area is estimated to be $45 million.
“MODEX 2022 was a huge success and a dramatic return to in-person events for the supply chain industry, said John Paxton, CEO of MHI. “After two years, exhibitors and attendees were excited to be there and energized by the opportunity to connect and get back to the business of discovering the latest supply chain technology and innovation in-person.”
The excitement on the show floor and the educational events is a sign not only of the pent-up demand for the latest solutions and technology, but also the overall strength of this industry. “Attendees representing the Fortune 500, the top 100 retailers and consumer goods firms brought large teams to MODEX to source the latest innovations and to learn leading trends impacting supply chains,” said Daniel McKinnon, executive vice president of Exhibitions at MHI. “They came to MODEX with plans in hand and budgets in place to make large deals on-site.”
The dominant trend at MODEX surrounded digital supply chain solutions including automation, robotics, artificial intelligence, autonomous vehicles, augmented reality, the Internet of Things (IoT), and data analytics. “We’re seeing a revolutionary acceleration in the adoption of these technologies in manufacturing and supply chain operations,” said Paxton. “The solutions on display this year reflected this trend.”
The next MHI-sponsored trade event will be ProMat 2023 held March 20-23 in Chicago’s McCormick Place. For more information on exhibiting at ProMat, or to register as an attendee, visit promatshow.com. The next MODEX will be held at the Georgia World Congress Center in 2024.
World Trade Organization (WTO) members and stakeholders from every part of the supply chain shared perspectives on the underlying causes and trajectory of continued supply chain disruptions. They also discussed the resources, interventions and innovations needed to ease crippling disruptions, logjams and price hikes.
The World Ahead 2022 is The Economist’s outlook for 2002. The magazine’s correspondents and outside experts consider the new reality that is emerging in the wake of the coronavirus pandemic, and ask what it means for politics, economics, business, science and culture.
Nearly 37,000 construction and masonry professionals convened in Las Vegas last week for peer-to-peer connection, deal-making, education, and competition. World of Concrete, Informa Markets’ premiere exhibition serving the thriving construction and masonry industries, concluded the event’s 47th annual event held from January 17-20 – at the Las Vegas Convention Center (LVCC).
World of Concrete encompassed 632,000-square-feet of space, hosting over 1,100 industry-leading suppliers in the expo hall, just over 150 of whom were first-time exhibitors.
“The level of engagement from companies of all sizes and corners of the industry was very encouraging, especially following the past couple challenging years, and points to the revival of the trade show industry and continued growth of the construction and masonry sectors,” said Jackie James, Group Director, World of Concrete. “We are thrilled with the positive feedback we’ve received from our community, buyers and suppliers alike, and look forward to seeing a wealth of new business partnerships and industry innovation resulting from this week’s event.”
New this year, and central to World of Concrete’s core values, the exhibition organizers formalized the event’s commitment to sustainability in collaboration with renewable energy partner/sponsor HILTI. The program include three objectives: inspiring sustainable development, environmental responsibility, and social responsibility – each pledge supporting the event’s commitment to shaping the concrete industry for a sustainable future.
World of Concrete 2023 will be held Jan. 16-19, 2023. Learn more on the show’s website.
A new reality is emerging in the wake of the coronavirus pandemic
The World Ahead 2022 is The Economist’s guide to the coming year. The magazine’s correspondents and outside experts consider the new reality that is emerging in the wake of the coronavirus pandemic, and ask what it means for politics, economics, business, science and culture.
The COVID-19 pandemic and the prospect of increasingly frequent and more intense natural and man-made disasters raise important questions about the resilience of the global economy to such shocks. The World Trade Report 2021 (WTR21) explores the role of trade, trade policy and international cooperation in building and supporting economic resilience. Please join us on Tuesday 16 November at the online launch of the WTR21, where the WTO Director General Ngozi Okonjo-Iweala will introduce the publication followed by the presentation of the main findings of the report by the coordinators of the WTR21. They will be joined by expert panelists for a discussion moderated by Robert Koopman, WTO Chief Economist.