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nafta flags

It seems like everyone’s preparing for the worst.   Since the Trump administration proposed changes to the North American Free Trade Agreement, businesses large and small have wondered how it will affect trade and, more importantly, their bottom line.   Well, things haven’t gotten much better. We’re going into the sixth-round of negotiations, and issues between the three countries keep piling up. Trump is all about protectionism, and Canada...

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foreign-supply

Image an American exporter sells $10,000 worth of American goods to a Chinese importer. This isn’t too far-fetched, considering our global world.   After waiting a week for the Chinese bank wire to arrive, the American exporter receives 64,000 Chinese yuan in his bank account.   Do you see the problem?   [qodef_blockquote text="Technology has shrunk oceans and blurred border lines, but foreign exchange remains a thorn in the side of...

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eCommerce

Ecommerce is the fastest growing retail channel (online sales in the US are projected to reach $603.4 billion by 2021). Entering the world of ecommerce may seem like a daunting task for any small business, especially if you’re not a technology expert. However, no business owner can opt out of it without considerable losses.   There’s no reason to worry, though. There are several easy-to-use ecommerce platforms...

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australia-from-home-banner

People often say that the best way to establish yourself in an international market is to take a trip. Meeting business partners in person and establishing a personal connection are frequently cited for their track-record in producing successful deals.   But, some small businesses don’t have this luxury. Cost plays a big part, but often business owners just don’t have the time to take a week-long business...

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blockchain-banner

Bitcoin is all the rage.   Since the beginning of 2017, Bitcoin's price has jumped by nearly $15,000. With a move like that, it’s no wonder why everyone’s paying attention.   Though the cryptocurrency has been in the spotlight for a few years, the technology behind it may have fueled the 2017 launch.   Blockchain is the platform that makes cryptocurrencies like Bitcoin what they are. It makes them tick.   But what...

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ces-banner

Last week, we attended the International Consumer Electronics Show (CES) in Las Vegas.   Businesses from all over the world came to show off their products, and to network with future partners. It was a great event, and we here at Veem want to thank everyone who makes this event such a success each and every year.   One of our highlights was the $30K Pitch Competition.   Hosted by our...

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turkish business women

Understanding the prime Turkish regions for business is crucial to your success in Turkey. With this knowledge, you can prioritize where you begin on your trip, giving you an advantage over the competition.   Here are the four best Turkish regions for business.   4. Black Sea Region   This region's oceanic climate makes it prime for commercial farming. If your business works with food, visiting the Black Sea Region is...

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netherland meal

If you’ve ever tried to communicate with business partners from overseas, you know that it’s not as easy as it seems. Even if you have a common language, a lot of the message can get lost in meta-communication. Concepts that mean one thing to you may have a completely different meaning for people from other cultures. Similarly, parts of the message may not even be...

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australia holiday

Holidays can be stressful. Especially when you don’t know if you get the day off.   [qodef_blockquote text="Australia’s holiday system is separated by regions. Though domestic businesses may find it easy to navigate, international companies may not be aware. If you’ve unknowingly scheduled a meeting or international trip during holiday time, this kind of stuff can be frustrating and expensive." title_tag="h5" width="80"]   We wanted to breakdown the confusing...

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Austria-banner

Austrian business people are detail-oriented and non-confrontational negotiators. They prefer analysis and data to hype and exaggeration. Read below to gain insight into their method of negotiating through some Austrian proverbs.     1. Erfolg hat mehr als einen Vater.   Translation: Success has more than one father. This proverb means that many people have contributed to a successful enterprise, not just the person who is given the credit for it....

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singapore_business

Many countries, including the US, would argue that they are the best place to do business. Whether it’s domestic or international, countries want to know that they have a fertile environment for business. Without that, economies stagger, and businesses leave to operate elsewhere.   For a few years, a small unlikely southeastern nation has held the title of the world’s best place to do business.   Singapore has reigned...

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istanbul turkey

At the crossroads of Europe and the Middle East, Turkey offers a prime trading location for US businesses.   Turkish land is 95% in Asia and 5% in Europe, with the country bordering the Black Sea, Aegean Sea and the Mediterranean Sea. Some of Turkey's neighbors include Russia to the northeast, Bulgaria and Greece to the west, Syria and Iraq to the south, and Iran to the...

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Greece-top-6-banners

Everybody knows that the Greek economy faces major challenges and still hasn’t recovered from the 2008 financial crisis. However, there are a few surprising facts some US businesses have discovered about the Greek market. Here are the top six secrets your competitors don’t want you to know about.     1. High-income consumer base   Despite the crisis, most Greek consumers have retained a relatively high income, and they’re looking...

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Australia flag in the sky

Doing business internationally is always easier somewhere familiar. The US has trade agreements with many countries, but not many are quite as lucrative and expansive as with Australia.   The continental nation is one of the richest in the world. It has one of the world’s largest mixed economies, and is the 2nd wealthiest nation in terms of wealth per adult, behind only the Swiss. Trade with...

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sydney hardour

Finding a good supplier in a country you’ve never visited can be quite the challenge. Especially in a place like Australia that’s half a world away, trading can be tough.   What makes a city good for trade is a busy port.   Shipping is arguably Australia’s most popular transportation method for imports and exports.   Our list of Australia’s ports and their cities will help suppliers and buyers alike navigate...

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