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17 01, 2020

Strategy Note – GCP Industrial Products: Survival Strategy for a Commodity Business

By |2020-01-17T09:31:48-05:00January 17th, 2020|Canadian Market, CGE & Schulich News, Entrepreneurship, International Market, Opportunities, SMEs, Strategy & Case Studies|Comments Off on Strategy Note – GCP Industrial Products: Survival Strategy for a Commodity Business

After some initial success as an importer of industrial rubber products, by 2005 Kitchener-based GCP Industrial Products (“GCP”) was encountering problems that threatened both sales and profitability. Market prices and margins were decreasing. Customer loyalty was low. In addition, GCP had to deal with customer complaints on quality issues. Such a situation was not only frustrating, but put GCP’s customer base, its profitability, and ultimately its survival at risk. To learn how they successfully tackled these problems click here.

Author: George Qu, GCP Industrial Inc. and Prashant Kumar, Schulich School of Business

14 01, 2020

The Asian Century: The Future Shape of Globalization

By |2020-01-17T11:12:19-05:00January 14th, 2020|Asian Market, Canadian Market, CGE & Schulich News, Exports & Trade, International Market, News, Opinion, Opportunities, Policy & Advocacy, SMEs|Comments Off on The Asian Century: The Future Shape of Globalization

For Canadian businesses, a ‘China strategy’ or an ‘India strategy’ is no longer sufficient. The entire region is on the move and new opportunities will increasingly come in the form of intra-regional value chains, networks, consumption patterns and cultural trends. A recent report published by McKinsey Global Institute explores the medium and longer-term implications of Asia’s explosive growth and economic momentum. 

It is estimated that by 2040 Asia will account for well over half of the world’s middle-class consumers and just over 50% of global GDP (PPP basis). Which makes this report required reading for Canadian business and political leaders.

10 01, 2020

Breaking the Ice: How the Arctic is Changing

By |2020-01-17T11:07:55-05:00January 10th, 2020|CGE & Schulich News, Exports & Trade, News, Opinion, Opportunities, Policy & Advocacy, Reports & Forecasts, SMEs, Technology & Innovation|Comments Off on Breaking the Ice: How the Arctic is Changing

Canadians self-identify as a northern people, whose borders stretch from ‘Sea to Sea to Sea’, yet actual engagement with its northern territories and populations has been largely characterized by ignorance and benign neglect.

That, as a recent article by Nicholas LePan at Visual Capitalist points out, may have to change (see here). Already the northwest passage across the top of Canada is navigable for most of the year and global warming will make it and the surrounding territory even more accessible in future years.

Other countries are taking notice. In addition to the U.S., which has never accepted Canadian sovereignty over the ‘northwest passage’, Russia is taking meaningful action to re-militarize the Arctic, attempting to push their claim to exclusive sovereignty all the way to the North Pole. Even countries with no territorial claim are involving themselves. In January 2018 China declared it was a ‘near Arctic state’ and a desire to incorporate a ‘Polar Silk Road’ as part of its ‘Belt and Road’ development initiatives. It has since made significant diplomatic and resource extraction investments in both Iceland and Greenland.

Canada’s response to sovereignty, development, and safeguarding of the Arctic ecology has not yet emerged as a major policy issue in our politics. That, too, needs to change.

6 01, 2020

Thanks to everyone who came out to the fifth RBC-Schulich Enterprise Forum!

By |2020-01-09T12:23:40-05:00January 6th, 2020|SMEs|Comments Off on Thanks to everyone who came out to the fifth RBC-Schulich Enterprise Forum!

For the fifth RBC-Schulich Enterprise Forum, over 80 organizations came together to discuss the opportunities that Canadian SMEs can gain from the Comprehensive and Progressive Agreement for Trans‑Pacific Partnership. As it happens, on December 30, Canada celebrated the first anniversary of the entry into force of the CPTPP partnership. To learn more about the business growth opportunities, click here.

18 12, 2019

70 Organizations Participate in 5th RBC Enterprise Forum

By |2019-12-21T18:05:09-05:00December 18th, 2019|Canadian Market, CGE & Schulich News, Entrepreneurship, Events & Programs, Exports & Trade, Opportunities, SMEs|Comments Off on 70 Organizations Participate in 5th RBC Enterprise Forum

On December 4th the fifth RBC-Schulich Enterprise Forum was held at the Schulich School of Business in Toronto. Organized by the Centre for Global Enterprise, the event theme was It is Time to Think Outside the Border’. Read more here.

14 12, 2019

Labour shortage continues to limit SME investment intentions

By |2019-12-21T18:13:39-05:00December 14th, 2019|SMEs|Comments Off on Labour shortage continues to limit SME investment intentions

Over half of entrepreneurs will limit investment in 2019 due to lack of qualified workers. SMEs are shifting their investment plans to reflect the digital transformation of Canada’s economy, with four in 10 businesses planning to devote all or some of their investment to new technologies. To stay up to date and learn more Click here for more info..

#CGE #SMSChallenges #SkilledLabour #Investment

12 12, 2019

Small Business Borrowing Tips

By |2019-12-21T18:10:12-05:00December 12th, 2019|Entrepreneurship, Opportunities, Policy & Advocacy, SMEs|Comments Off on Small Business Borrowing Tips

One of the essential ingredients to growing a successful business is money, but it’s surprisingly hard for entrepreneurs to access it in Canada. Business owners can get insights into how to secure the right loan for their company from the link below. Both essentials of getting business loans and in-depth reviews of many of Canada’s biggest online lenders are included. Click here to know more about them.

6 12, 2019

Resources for SMEs in Singapore

By |2019-12-21T18:09:11-05:00December 6th, 2019|SMEs|Comments Off on Resources for SMEs in Singapore

4 essential resources that are relevant to doing business with Singapore-

Besides having one of the lowest corporate tax rates, Singapore is also considered by many as the gateway to ASEAN. In addition, its many business-friendly policies make it easy for companies to set up and run their businesses in this South-east Asia country.

Extensive double tax treaties-

 Singapore has an extensive network of double tax agreements (DTA) with more than 80 countries across the globe. The key benefits of a DTA are a) the avoidance of double taxes, b) lower withholding taxes, and c) preferential tax regime, all of which play an important role in minimizing the tax burden for a holding company structure.

https://www.guidemesingapore.com/business-guides/taxation-and-accounting/double-tax-treaties/guide-to-singapore-double-tax-treaties

Conducive environment and highly-developed infrastructure-

 The country’s stable political environment, public services convenience, diverse range of facilities, and cosmopolitan ambience makes Singapore an increasingly attractive destination. Singapore’s high quality of life has been consistently validated in various surveys such as the Mercer’s Quality of Living Survey.

https://www.guidemesingapore.com/business-guides/immigration/get-to-know-singapore/quality-of-life-in-singapore

Efficient legal system-

 The Singapore legal system has received global recognition for its efficiency and integrity, and the country is deemed to be the least bureaucratic one in Asia.

https://www.guidemesingapore.com/business-guides/immigration/get-to-know-singapore/introduction-to-singapores-legal-system

No Corruption –

Most entrepreneurs shudder at the thought of dealing with unscrupulous officials in Asian economies where “connections” or bribes are often the only way to get things done. Singapore is the exact opposite. The country has virtually no corruption because a) most government officials are very well paid, b) very harsh punishments are imposed for corruption.

https://www.businesstimes.com.sg/government-economy/singapore-rises-to-third-place-in-annual-ranking-of-least-corrupt-countries

#CanadaSMEs #BusinessInSingapore

23 11, 2019

RBC-Schulich Enterprise Forum V Registration Opens

By |2019-12-21T18:07:51-05:00November 23rd, 2019|Asian Market, CGE & Schulich News, European Market, Exports & Trade, International Market, North American Market, Opportunities, SMEs, Technology & Innovation|Comments Off on RBC-Schulich Enterprise Forum V Registration Opens

We planned this event with small and medium companies in mind. This is not a sit-down, listen to a panel of successful people talk, then grab some food and leave kind of event. Instead, these panel speakers want to hear YOUR story and the challenges you face as an SME trying to scale up internationally. Taking place in a large open-space room and dedicated breakout rooms (for those confidential conversations), this event really facilitates true networking. And yes, food will still be provided. It is time to think outside the border. See below for more details.

 

 

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