Operational Excellence in Travel Retail: Balancing Cost, Quality, and Speed

When I was an expatriate in China, I frequently traveled internationally and spent a lot of time in airports. During these travels, I witnessed firsthand the evolution of the Travel Retail sector. What once were uninspiring retail spaces have transformed into luxurious malls, with airports fiercely competing to attract travelers through enticing commercial offers. The …

How can large organizations effectively manage change in a globalized environment while minimizing risks to their regional operations?

Navigating Global Change: Strategies for Large Organizations in a Complex World The idea of “think global, act local” is essential for large organizations operating in diverse markets. A global vision provides direction, while local adaptation ensures relevance and effectiveness in different regions. Unilever’s “Sustainable Living Plan” is a great example of this balance in action. …

Navigating Political Currents: How State Influence in Financial Markets Shapes Global Strategies

In current interconnected global economy, the lines between politics and finance are becoming increasingly blurred. This is particularly evident in China, where the Chinese Communist Party (CCP) has significantly increased its influence over financial institutions like China International Capital Corp. (CICC). This growing state control presents both challenges and opportunities for global businesses, which may …

Understanding the Dynamics of Willingness to Pay for Sustainability

In today’s world, where the urgency of addressing environmental and social issues is becoming ever more pressing, the concept of sustainability has transitioned from a buzzword to a critical business imperative. As consumers increasingly prioritize sustainability in their purchasing decisions, understanding their willingness to pay (WTP) for sustainability features becomes crucial for businesses aiming to …

Sustainability: A Shared Journey Beyond the Prisoner’s Dilemma

In our journey toward a sustainable future, we often face a paradox that mirrors the classic game theory scenario known as the “Prisoner’s Dilemma.” This dilemma captures the tension between individual and collective interests, but it also reveals the boundless potential for cooperation and unity in our effort to protect our planet. Understanding the Prisoner’s …

Securing Europe’s Gas Supply: Challenges and Opportunities in the Energy Transition

A report by the European Court of Auditors, released on 24 June 2024, suggests that Europe may wish to consider intensifying its efforts to secure its gas supply. The EU has set a goal of eliminating Russian gas imports entirely by 2027.The EU has made significant progress in reducing its reliance on Russian gas, with …