51 posts categorized "World Economic Forum"

January 22, 2014

Safeguarding aviation and travel value chains

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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January 21, 2014

Business must disrupt the status quo

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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January 20, 2014

Womenomics in action

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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January 17, 2014

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

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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January 15, 2014

Davos 2014: Shaping and the shapers

Anoterh WEF image 2“Reshaping of the World,” the theme for Davos 2014, can bring to mind a range of unsettling trends and forces now bearing down on today’s society. Disruptive innovation. Digital technology. The impact of a hyper-connected populace. The shift of the workforce to millennials. A growing uncertainty toward traditional institutions. But the theme is also about taking action—and points to the Forum’s dynamic response to these “reshaping” trends at its flagship event and throughout the year.

Deloitte is playing an active role in this response, working with the Forum to debate, collaborate, and research many of the topics to be raised at Davos 2014. I personally have participated, along with other Deloitte leaders, in regional summits around the globe, offering and responding to a range of exciting ideas and solutions to the challenges now facing governments and businesses. From competitiveness in Latin America, to the sharing economy in Myanmar, to resilience in the value chain in China, the ideas brought forth at these summits inform the Davos 2014 theme and help set the path forward.

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September 19, 2013

Holding the banner high: Innovation, value chains, and competitiveness in a new era of global growth

Gary with Mayor of TianjinThe World Economic Forum’s (WEF) Annual Meeting of the New Champions (AMNC, or Summer Davos) in Dalian, China, last week centered on the theme of innovation. With China’s growth no longer in the double digits, innovation and the energy it can bring to the world economy is looming large. Indeed, Chinese Premier Li Keqiang was emphatic in his remarks at the event’s opening plenary: “Innovation is the running theme and spirit of the policies adopted by the Chinese government, and it is the banner that we will always hold high.”

But innovation in a vacuum is meaningless, and Premier Li recognizes this. “We live in a global village” said Li. “No country can live in isolation of others like Robinson Crusoe.” Nowhere is this more true than when it comes to global value chains (GVC). Value chains are now the ties that bind countries together and bring public and private innovation to the world.

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September 06, 2013

Chasing big ideas in East Asia

Recently, I had an amazing opportunity to participate in a World Economic Forum event in an equally amazing locale: Nay Pyi Taw, Myanmar, where the 22nd World Economic Forum on East Asia was held. Moderating the panel “Chasing the Next Big Idea”—with a range of stakeholders, including former Prime Minister Tony Blair—I witnessed first-hand how bold thinking  can contribute to the future of East Asian countries.

Despite recent headlines touting the slow-down in the region, East Asia’s star continues to be on the rise. Five countries in the East Asia region now fall in the top 20 of the World Economic Forum’s Global Competitiveness Index, with most scoring above average. And according to UN Millennium Development Goals, East Asia—including the Pacific—is on target to lower poverty rates from 50 percent in 1990 to less than 10 percent in 2015.

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January 28, 2013

Mainstreaming impact investing: Overcoming the hurdles, addressing the skeptics

Blog_tree_money_300x200Asset management is in a state of flux. Trillions of dollars are expected to change hands over the next number of years as baby boomers begin to transfer their wealth to the next generation – a generation that has grown up in a culture that calls on business to play a more active role in building a better society.  In this context, the field of “impact investing” has taken center stage as a means to enable and empower for-profit business models to address society’s toughest challenges.

But what exactly is impact investing, and isn’t all investing intended to create impact? First coined by the Monitor Group in 2009, impact investing is an emerging industry that places capital in businesses (or entrepreneurs) that intentionally seek to create social or environmental value. This could be an investment in a dairy products producer in Nairobi that works to increase the efficiency and production levels of small-scale farmers in rural Kenya. Or, it could be an investment in an innovative program that seeks to reduce youth recidivism (repeat criminal offense) in New York City. The common thread among impact investments is the notion of intent – when the investor intentionally seeks to create social or environmental value, the investment is an impact investment.

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January 25, 2013

A sense of optimism

During this week's World Economic Forum in Davos, Deloitte UK CEO David Sproul provided daily recaps on his experience at the Forum. Below is an excerpt from his latest blog post. To read the full article as well as previous days' posts, please visit the Deloitte UK Responsible Business blog.

Borris_innovationlive_davos_300x200Reflecting on the many conversations I’ve had with clients, and others, this week, it’s clear that there is a definite sense of optimism compared to the position at the start of 2012.

The concerns of last year—particularly of a eurozone exit—have receded materially. Despite the continued low growth in Europe there is a definite feeling of greater resilience and a growing confidence that economies are improving, albeit slowly. I’ve also seen much greater recognition of the need for business leaders to have a stronger voice in making the case for responsible business.

Alongside client meetings, Davos has also again provided a good opportunity to engage with the media—with the BBC, the Telegraph and the Times all carrying interviews.

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