WEF on Latin America: Getting there from here

By Gary Coleman - March 31, 2014

Panama.According to the competitiveness index produced by the World Economic Forum (WEF), “innovation-driven economies” is the third and highest stage of development. Many Latin American countries are now poised to make the transition to this stage. Most of the remaining countries are only a step or two behind. 

But how does an economy become innovative-driven? One way is by promoting innovation-driven entrepreneurship. That’s the focus of a panel I will be participating in this week at WEF on Latin America in Panama City. Entitled “Innovating for Competitiveness,” the session will explore what steps the region can take to promote not just entrepreneurship but the innovative new businesses that propel an economy into that sought-after “stage three.”

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Connectivity and innovation underline 2014 for automotive industry

By Tim Hanley - February 24, 2014

Auto showA few weeks ago I had the opportunity to join thousands of global automotive industry executives in Detroit for the North American International Auto Show 2014. The show continues to be a striking demonstration of the dynamic innovation happening in the sector. Original equipment manufacturers (OEMs) use this event to kick the year off with an outstanding showcase of new vehicle designs, many of which feature innovative technologies to help consumers stay connected. (Read Deloitte views on connected vehicles), What was also striking to see this year was the further integration of advanced materials in some of the new models. (Read more on Advanced Materials Systems trends).

During the auto show, the Deloitte U.S. member firm released the 2014 Global Automotive Consumer Study: Exploring consumers’ mobility choices and transportation decisions, sharing perspective on Generation Y consumer trends. Based on a survey of almost 700 U.S. Gen Y consumers, around 60 percent expect to buy or lease a car within the next three years. Not surprisingly affordability and high operational and maintenance costs had been top reasons preventing ownership. But as explained by graduate school students during the annual Deloitte U.S. Gen Y event, as their purchasing power grows, vehicle ownership is more in reach. (Read the Deloitte U.S. press release).  Please stay tuned over the next several months, as Deloitte member firms worldwide launch the local findings of a broader mobility survey of more than 23,000 consumers across 19 countries.

Like in many other countries, the automotive industry is a vital engine for economic growth in the U.S. Given industry sentiment that 2014 is expected to bring growth in production of new passenger and light commercial vehicles, this certainly is a positive sign for the U.S. economy and local industry.


Tim HanleyTim Hanley is the Global Leader of the Manufacturing Industry group of Deloitte Touche Tohmatsu Limited (DTTL). In his global industry leadership role, he directs strategic initiatives and investments to grow Deloitte member firm market share within the manufacturing industry. During his distinguished 35-year career, Hanley has led teams serving all business aspects, including consulting with top management regarding organizational financial strategy development and execution, acquisitions, and market development.

Impact investing: An investment approach starting to interest mainstream investors

By Chris Harvey - February 11, 2014

This article was co-written with Erik Classon

Blog_tree_money_300x200Since the term, ‘impact investing,’ was first coined in 2009 by the Monitor Group ("Investing for Social & Environmental Impact: A design for catalyzing an emerging industry"), a great deal of interest has grown around this concept. Initially the dialogue around impact investing was concentrated among a niche set of players identifying themselves as impact investors (e.g., social entrepreneurs, foundations seeking to expand beyond grant-making, focused impact investing funds and public sector/supranational organizations). 

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Davos 2014: Optimism with a healthy dose of reality

By Gary Coleman - January 28, 2014

Post-davos photoWith economic recovery seeming to finally take hold this year, I was not surprised that many of the Davos 2014 speakers sounded a positive note for the future. Nowhere was this more evident than in the remarks from country leaders. But these leaders understood that there is still a lot of work to be done—and it was striking how in sync they were when it came to the challenge going forward: building and sustaining growth.

South Korea is focusing on entrepreneurship and building a “creative economy,” where individuals are encouraged to start businesses and put “innovation into action,” according to President Park Geun-hye. Similarly, Liberia is making strategic investments in education and focusing on public-private partnerships to spur the rise of small and medium businesses. Mexico is working to promote start-ups by reforming fiscal policies to allow greater access to credit.

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Shaping the future together

By Martin Plendl - January 27, 2014

Deloitte Davos Live video screen_300x200Times of global change require leaders with a global vision – leaders who inspire confidence and foster innovation. I see this attitude reflected in Davos. I have noticed a remarkable shift of attention at this year’s World Economic Forum. While the meetings in past years focused heavily on finance and the banking industry, representatives of the global technology industry are clearly the thought leaders now.

At the same time, politics seems to have been pushed into the background somewhat – especially, European representatives are less visible this year. But Europe’s image has not yet fully recovered after the Euro crisis and the world is closely watching how European banks will perform in the stress tests.

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Safeguarding aviation and travel value chains

By Chip Cottrell - January 22, 2014

PACI blog imageCorruption is recognized as one of the most significant obstacles to economic and social development. It is identified in the World Economic Forum’s Global Competitiveness Report as one of the top five impediments to doing business in 58 percent of the 144 countries analysed.

Having deep experience and expertise in the subject of corruption, prevention, and working with various industries and companies around the world, Deloitte has partnered with the World Economic Forum and their Partnering Against Corruption Initiative (PACI) as well as the Aviation and Travel Industry to explore the effects of corruption on the constantly growing and continuously expanding reach of the aviation and travel industry. Our experience in this arena, confirmed through our work with various industry sectors and companies during this project reveal the readiness of the aviation and travel industry to take another step in the fight against corruption and to work together towards leveling the global playing field through cross-industry and cross-regional collaboration with appropriate stakeholders.

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Business must disrupt the status quo

By Joe Echevarria - January 21, 2014

Blog_joee_davos14_300x200It’s time for real change. It’s time for disruption.

In the last few years, the world has been lurching from financial crisis to financial crisis. As business leaders gathered last year at the World Economic Forum’s annual meeting, the U.S. government had just narrowly averted falling off the fiscal cliff. Less than a year later, the U.S. found itself in a similar situation, which resulted in the third-longest government shutdown in U.S. history.

Despite all of this, in the U.S., and globally, there have been positive signs of economic recovery and business growth. Momentum continues and that is why I’m optimistic for the upcoming year.

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What the worker of tomorrow wants

Dttl_davos14_positiveimpact_300x200More than 1,500 business leaders are gathering here in Davos, most of them part of the C-suite in their organizations. And as they mix with heads of state, influential NGOs, and the occasional celebrity, I doubt they are thinking about workers 30ish and under.

But they should be.

By 2030, more than 70 percent of the workforce will be made up of workers born after 1983—the millennials . And according to a new survey released today by Deloitte, businesses need to be aware of three key themes on millennials’ minds: social impact, social media, and innovation.

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Womenomics in action

By Yoriko Goto - January 20, 2014

Goto_yoriko_300x200This year I am attending the World Economic Forum Annual Meeting in Davos as a representative from Deloitte Japan and as a Deloitte Touche Tohmatsu Limited (DTTL) board member. Even as a third-time delegate, I am always thrilled to meet great people and be exposed to new perspectives and innovative ideas.

Last year, I emphasized the importance of including women in the boardroom for business development and innovation. In fact, DTTL has increased the percentage of female board members from 8 percent to 25 percent this year. It is a great honor for me to have been appointed as one of the DTTL board of directors in addition to a board member role in Deloitte Japan.

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Exploring innovative approaches to tackling humanitarian crises, at the World Economic Forum

By Chip Cottrell - January 17, 2014

Next week, global leaders representing every sector will congregate at the World Economic Forum in Davos, Switzerland, to debate the huge economic, social and political challenges facing the global community now and in the future.

As a Deloitte representative, I will be wearing many hats, but a key focus of my attention will be participating in discussions on how the private and humanitarian sectors can and should collaborate.  I will be attending a number of events to raise awareness of the challenges posed by the escalating cycle of humanitarian crises, resulting from climate change, natural disasters, conflict, and the expanding gap between rich and poor amongst others.

The increasing frequency and magnitude of these humanitarian crises is inflicting heavy social and financial costs for both local communities and business.  Enhancing resilience is clearly vital for all businesses in order to mitigate the potential financial costs of these catastrophic events. And the Deloitte network can offer our clients value through our disaster recovery, business resilience and crisis management capabilities. But how can we add value to the humanitarian sector and play our part in tackling the unmeasurable social costs of these crises?

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