Despite the turbulence that political and economic landscapes often face, trade remains an intrinsic part of societal functioning. The United States, in particular, depends heavily on both its imports and exports to maintain the necessary supply of goods for its diverse population. Recent events, including political unrest and the global disruption caused by the COVID-19
Business Insights
There’s an unyielding love affair between Americans and dining out. In an era where convenience often trumps tradition, the average person in the U.S. frequents restaurants approximately three times a month. Fast food may reign supreme, with the country standing as the world’s leading consumer of quick-service meals, overshadowing the rich tapestry of independent eateries
In the 21st century, we find ourselves in a world where industries wield unprecedented power over economies. The evolution from an agrarian society to one dominated by industries has followed a trajectory of over 250 years, where cities such as Manchester heralded the exponential potential of manufacturing. This initial industrial leap laid the groundwork for
The role of a CEO is one imbued with prestige and significant responsibility, controlling immense influence over an organization’s direction and success. Yet, what often gets lost in the conversation is the diverse pathways individuals traverse to reach this coveted position. Every Chief Executive Officer has a unique backstory, fostering leadership through varied experiences, education,
As the restaurant sector gears up to surpass the trillion-dollar mark in 2024, distinct patterns and challenges emerge that aspiring entrepreneurs must navigate with acute awareness. The convergence of passion for food and the pervasive desire for profits presents both remarkable opportunities and formidable obstacles for new entrants. This intricate landscape demands a strategic mindset
In recent years, the entrepreneurial spirit has surged, bringing forth a wave of new businesses that range from tech giants to local boutiques. The year 2021 recorded a staggering 5.4 million new establishments, displaying an immense appetite for entrepreneurship. Yet, this vibrant landscape is not without its challenges—statistics reveal that one in twelve new businesses
In the vibrant city of Atlanta, Georgia, where culture mingles with history, Teneka Williams has cultivated more than just flowers at her shop, Royal Petals ATL. As an accomplished entrepreneur, Teneka is not only growing a business but also nurturing community connections through her floral artistry. With an impressive dedication to both her craft and
The advent of generative AI technology has sent shockwaves through the business world, arriving with a speed and intensity that few anticipated. Since the debut of OpenAI’s DALL-E 2 in summer 2022, we have witnessed an unprecedented escalation in the development and deployment of AI tools. Major tech corporations are engaged in a fervent race
The impact of the COVID-19 pandemic has reverberated across industries, particularly for small businesses that serve as the backbone of local economies in the U.S. Among these, Gyro Oasis Deli & Grill, located in Irving, Texas, stands out as a beacon of resilience. Owner Ghassan Bilaih, who transitioned from a 20-year corporate career to the
In 2022, the United States faced a staggering trade deficit, teetering near $1 trillion, with imports far surpassing exports by approximately $948.1 billion. This increase of $103 billion from the previous year can be attributed to various factors, including a reconfiguration of global supply chains following the pandemic and persistent trade tensions with China. Notably,
In a marketplace dominated by heavyweights like Target and Walmart, the essence of American shopping behavior skews remarkably towards the small and local. The compelling statistic that nearly 90% of American consumers engage with small businesses at least once a week speaks volumes about the nation’s inclination towards homegrown commerce. Yet, beneath this preference lies
In a fluctuating economic environment that has seen its fair share of turmoil, the U.S. economy is proving to be more resilient than many anticipated. Recent insights from J.P. Morgan highlight that inflation is on a downward trajectory, and supply chains, once crippled by pandemic-induced challenges, are nearing realignment. Companies are transitioning from reactionary measures