F.B. International’s Weekend Digest is an easy-to-read breakdown of what we’re reading and highlighting from the past week.
More from this week’s theme: Blog–STEM and Diversifying the Talent Pipeline
How ISTI’s STEM Challenge Creates a More Inclusive & Diverse Talent Pipeline: An Interview with Mark Harris, President and CEO
What our team is reading this week:
Each week, the team at F.B. chooses an article to share. These are not necessarily related to international business, but are some “good-reads” we think you may enjoy.
Fabrice Bonvoisin, President
For a long time I’ve though that we were living in a chaotic phase of societal transfer between generations. Many of the things we learned and were taught are either questioned or have to be updated on nearly a daily basis. Today I found this recent report from Capgemini, a quite credible name in the world of consulting, on High-Net-Worth Individuals in the world. According Wikipedia (and other sources), High-Net-Worth Individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible assets (such as stocks and bonds) exceed a given amount. Typically, these individuals are defined as holding financial assets (excluding their primary residence) with a value greater than US$1 million.
This report, available at www.worldwealthreport.com, shows the data with a timeline going from 2011 (the end of the Great Recession) until 2017. To my surprise, with 5.66 million HNWI for total assets of $19.79 Trillion in 2017, the North American region was second to Asia-Pacific in both number of HNWI (6.12 million HNWI) and in total assets ($21.59 Trillion). Europe is in third position with 4.83 HNWI for $15.85 Trillion in assets.
I would not dare draw any conclusions from this report. I truly thought North America was still at the top rank of the world’s wealth population.
Maybe the new comedy called “Crazy rich Asians” wrote in 2013 by Kevin Kwan (www.kevinkwanbooks.com) and the movie it inspired in 2018 (www.crazyrichasiansmovie.com) is closer to the reality revealed in Capgemini’s report than I thought.
Image from Business Insider
Ruby Blau, Marketing Associate
Last week, I wrote about one of the efforts being made to clean up the enormous amount of plastic already floating in our oceans and threatening to enter the food chain. However, “fundamental redesign and innovation” will also be a key to change–because we can clean up all we want, but if we are still producing the same amount of plastic, the problem will never stop.
A company in Indonesia has made a bag made out of cassava. This bag looks and feels like plastic, but is completely biodegradable and dissolves in water–it would even be safe for animals (or humans!) to eat. We are seeing lots of initiatives like this, and with The New Plastics Economy, from the Ellen Macarthur Foundation, there’s bound to be even more innovations in this field. For example, a Finnish research center created a wood-based packaging that could theoretically “replace up to 15% of the current plastic barrier market.”
Image from World Economic Forum
Balint Homonnai Varga, Assistant Project Coordinator
Ceres is a dwarf planet, or asteroid (depending on who you ask or what you read), measuring 600 miles across. It is the largest object in the asteroid belt between the orbits of Mars and Jupiter. Interesting part: it has been erupting continuously through the past billion years… More interesting part: there is no seismic activity on the planet. The planet is “frozen” and it is geologically dead. Recently, a young “ice volcano” was discovered on the dwarf planet and scientists named it Ahuna Mons. The volcano is spitting frozen lava comprised of ices and salts. Why? Read this article. If you have explorer blood running in your veins you will enjoy it a lot.
Image from National Geographic
Events you may be interested in next week:
- September 21st: Economic Trend in Asia and the Influence of Global Trade. Program sponsored by the Central Asian Productivity Research Center and Northern Illinois University’s Global Programs. Presentation by Xiangpeng Kong, Vice President and Senior Sales Manager, Global Trade and Receivables Finance, HSBC Bank USA, N.A. 11:00 a.m., 105 West Madison Street, 7th Floor, Chicago. No charge; advance registration required. For information & registration, please e-mail: email@example.com
- September 25th: Additive Manufacturing Opportunities in Europe.Webinar, sponsored by the U.S. Commercial Service, will describe additive manufacturing in the top five markets and top industries in Europe; CEOs of two German AM companies will share their stories. 10:00 – 11:00 a.m. CDT. Fee: $25. For information & registration, please see: https://bit.ly/2xCZTRW
- September 27th: U.S.-Chines Healthcare Workshop and Reception. Events organized by the U.S. Trade and Development Agency (USTDA) as part of the China Healthcare Executive Leadership Training Program. The purpose is to familiarize 25 Chinese delegates with U.S. policies, technologies, standards, and industry best practices in the fields of healthcare and hospital administration. The delegates represent national and provincial healthcare agencies and hospitals across China. U.S. businesses, universities, and hospitals can connect with key decision-makers Workshop and Reception, where they can learn about the latest developments and project opportunities in China’s healthcare sector. 8:30 a.m. – 5:00 p.m. (Reception follows), Hilton Chicago/Magnificent Mile Suites, 198 East Delaware Place, Chicago. No charge; advance registration required. For information & registration, please see: https://bit.ly/2OEYDoG
Next week’s theme: Artificial Intelligence in Healthcare
Next week we’ll be highlighting how the field of healthcare is using AI and some trends to look out for in health tech. Make sure to follow us on Twitter and LinkedIn to see these posts.
Ruby is the Marketing Associate for FB International LLC. Ruby focuses on supporting the marketing, social media, and business development efforts of FB International’s clients.
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