Large Corporations & the Supply Chain What do Costco, IKEA and the Home Depot have in common? Answer – these companies are so wealthy that they can afford to charter their own cargo ships and jets to keep their store shelves stocked with the items their customers want. Vancouver’s Small Business Owners Importing Goods Small…
Fantasia Homebuilder in Default
Fantasia Holdings Group Company Another large China-based homebuilder Fantasia Holdings Group Company has been downgraded by Fitch. Fitch downgraded Fantasia from CCC- from B. This downgraded rating is a result of missed credit payment of $206 million USD. Last week China’s second-largest Evergrande property developer was in the media for having missed two credit payments…
Evergrande’s Debt Problem
Evergrande’s Debt Evergrande, China’s second-largest property development company has been making headlines for its staggering $310 billion debt and its inability to repay loans. The size and importance of Evergrande’s debt cannot be overstated. By comparison, Russia’s total debt in 2020 was $270 billion. Defaulting on Loan Payments Today, Evergrande is on the brink of…
China’s Evergrande Meltdown
What is Evergrande? Founded in Guangzhou in 1996 Evergrande is China’s second-largest land developer that posted $110 billion (US) in condo sales in 2020. In 2009 Evergrande was listed on the Hong Kong stock exchange becoming a publicly traded company. But recently Evergrande has been in the headlines for owing creditors $310 billion (US). This…
Strategic Planning
Ever wonder how Google became the world’s most used search engine? Or what is the key to Apple’s success? Organizations that continually outperform the competition understand the importance of strategic planning. Crafting a Strategy Crafting a strategic plan is one of the most important tasks you’ll undertake running a business. Not only does it compel…
Information Management
As information is an asset that can be in either a physical or electronic form it could be said that information management is really the modern-day practice of asset management. Organizations that can manage information well in today’s knowledge-based economy are those that will likely prosper and create a competitive advantage over their competitors. …
Campaigns and Texting
Texting is Different Than Phoning or Emailing Many of us are quick to respond to text messages. In fact, advertisers report, that on average, 98% of text messages are opened within three minutes of being sent. By comparison, the average open rate for emails has dropped to 17% — and sometimes it takes days or…
Supply Chains
Businesses around the globe are experiencing ongoing supply chain disruptions caused by the pandemic. These interruptions are significant because disruptions, both expected and sudden, are often felt for months or years after they occur. What is a Supply Chain? A supply chain is a network of goods, services, individuals, and organizations that move products from…
The Tunnel to Delta
The Deas Island traffic tunnel was built 20 kilometers south of Vancouver, British Columbia, Canada. Construction began in 1957 and was opened to traffic on May 23, 1959. Dignitaries who attended the official opening on July 15, 1959, included Queen Elizabeth II. The Deas Island Tunnel In total, the Deas Island Tunnel cost $16.6 million…