The Compass Blog
Permanent link for Business Beyond Borders: Navigating Global Disruptions and Opportunities on March 21, 2025
As the world changes at an unprecedented pace, businesses must adapt quickly to stay competitive. Global trade dynamics are constantly evolving, driven by rapid advancements in technology and shifting market landscapes. That is why Michigan World Trade Week’s 39th International Business Conference, Business Beyond Borders , comes at the perfect time.
Set against the backdrop of today’s most pressing global challenges
and opportunities, this year’s event will bring together industry
leaders, trade experts, and business professionals to explore the
forces shaping international commerce. From securing deals in Europe
and protecting intellectual property abroad to harnessing AI for
growth, the conference will provide attendees with insights they need
to compete–and succeed in global markets. Check out the details of the
featured conference topics below!
Building Stronger Relationships in a Distributed Work Environment
As technology allows organizations to hire talent, build
partnerships, and engage customers worldwide, leaders are finding new
ways to effectively manage relationships across distances. Ryan
Anderson, Vice President of Global Research and Planning at
MillerKnoll, will deliver a keynote on Managing Relationships in a
Distributed Work Environment.
In
his Forbes article, Ryan discusses how remote global employees
and hybrid work policies have made teams more distributed. During his
Business Beyond Borders keynote session, Ryan will delve into the
dynamics of distributed work, highlighting the need to balance
in-person and virtual interactions to build strong relationships and
drive international success.
AI: A Game Changer for Global Business
This year’s conference will explore how artificial intelligence is
disrupting industries, reshaping global trade, and influencing
business strategy. AI’s impact can already be seen in boardrooms and
manufacturing floors alike. McKinsey
recently estimated that generative AI could add between $2.6
trillion and $4.4 trillion to the global economy annually. At
the conference, breakout sessions like AI and Its Impact on the
Global Economy and AI-Powered Digital Marketing and
Sales will offer deeper insights into leveraging AI and provide
practical tools to grow their global business.
The Ever-Shifting Global Trade Landscape
The international business environment is constantly evolving. The
Global Trade Updates session will inform attendees about current
customs regulations to offer guidance on how to best adapt to the
needs of their global customers and suppliers.
Breaking into New Markets: Europe & India
To compete with China, businesses are looking to diversify their global reach. Europe and India have emerged as two of the most promising markets for expansion.
Europe’s financial markets have shown resilience despite economic fluctuations, and strategic fiscal measures have provided stability. Meanwhile, India is on track to become the world’s third-largest economy by 2037. For businesses considering these regions, the right market entry strategy can mean the difference between success and costly missteps.
The conference will offer two dedicated sessions—Market Entry
Strategies for Europe and Market Entry Strategies for
India—to provide practical guidance on how to navigate these
fast-growing economies.
Winning the Deal: Global Negotiation & Sales Contracts
Business deals don’t just happen—they are carefully negotiated, often across cultures, time zones, and legal frameworks. Understanding negotiation tactics tailored to global transactions can be the difference between a successful partnership and a lost opportunity.
Similarly, securing an international sales contract isn’t just about
what’s in the fine print—it’s about ensuring enforceability across
borders. Attendees will get expert guidance on these topics in
sessions like Negotiation Tactics for Global Deals and
The DOs and DON'Ts of International Sales Contracts.
The Quest for Talent: Managing Global Workforce Challenges
With businesses expanding into new markets, the need for global talent has never been greater. Yet, industries worldwide are struggling to fill critical roles.
The Managing Global Talent Shortages panel speakers will
share their experiences with leadership development, succession
planning, and navigating talent challenges during mergers and
acquisitions. Attendees will hear about lessons learned from
integrating teams across different cultures and geographies.
Protecting Innovation: The Rise of AI & Intellectual
Property Challenges
Innovation is a company’s greatest asset but protecting it across
multiple jurisdictions can be challenging. The session on Protecting
Intellectual Property Abroad will cover how businesses can leverage
their assets while providing strategies to safeguard their
intellectual property in a rapidly evolving global landscape.
Why This Conference Matters Now
The Michigan World Trade Week Business Beyond Borders conference isn’t just another industry event—it’s a roadmap for businesses looking to navigate uncertainty, seize new opportunities, and thrive in an increasingly interconnected world.
From AI to global trade shifts, talent shortages to new market strategies, the insights shared at this conference will help businesses position themselves for long-term success.
Don’t miss your chance to be part of the conversation in Grand Rapids, Michigan on May 7, 2025. Register today and take your business beyond borders!
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Permanent link for Business Beyond Borders: Navigating Global Disruptions and Opportunities on March 21, 2025.
Permanent link for The Need-to-Know Global Consumer Trends for 2022 on April 20, 2022
By Natalie Bremmer
With the Covid-19 catastrophe (hopefully) coming to a manageable end, producers all over the world are now faced with a whole new consumer landscape. News ideas, norms, policies, and ways of life have created a blockage for businesses trying to reach the same degree of success with their original pre-pandemic business plans in a post-pandemic climate.
These are the must-know consumer trends businesses need to have in place in order to adapt to the tricky consumer environment in 2022.
Sustainability
After being cooped up inside, people more than ever have been observing the state of the planet and they are not pleased. With this in mind, consumers have opted into more environmentally friendly options with their day-to-day and significant purchases. Items that are reusable, easily recyclable, and even second-hand are on the upswing as of late. Examples of such items include electric or hybrid vehicles, second-hand clothing and furniture, and reusable water bottles in lieu of disposable plastics.
Buyers are also looking for businesses that, while in the production process, are actively using sustainable processes to reduce the amount of pollution they pump out into the air, water, and land. Consumers are also looking for companies that present evidence of reducing their carbon footprint impacting the atmosphere.
On top of sustainable products and production standards, producers releasing statements regarding their commitment to the environment and possible donations or actions backing said statements is another way to garner greater attention and support from the general public with a post-pandemic mindset.
Technology & Digitalization
Consumers want information and they want it now. The days of calling a helpline and waiting on hold for half an hour to learn more specific information are gone; customers are going to “google it” or find it on the company website. If they can’t, they will go buy from someone else whose information is more readily available. This can be easily done by making the company website more user-friendly, updating it with the most recent information, creating an app highlighting exclusive deals and news, and being more transparent about company ordeals– barring oversharing or private items of course.
People are also buying more electronic devices– especially video games and VR headsets. The trend is showing that consumers are looking for easy entertainment that can be controlled on their own whim. This is likely a thought process carried over from the depths of the pandemic when forms of entertainment outside of the home were shut down and unobtainable.
Ethics
With breaking news plastered to every corner of cyberspace and the pandemic slowing down the usual hectic pace of the world, it’s no wonder that people are starting to pay more attention to recent events. This, in turn, has reflected over into buying habits where consumers are more likely to buy from brands that notice and care about the same issues that they do.
Some common world issues or events that businesses have come to support are the fight against homelessness, natural disaster relief, BLM, women’s rights, LGBTQ+ rights, and most recently support for the Ukraine.
Money Management & Financial Literacy
With the economic upswing post-Covid-19, people are now fulfilling the need to secure themselves financially in order to fend off any other surprise shocks to the world as they know it. People are putting money in savings accounts at increased rates, investing in traditional stocks, even more, dipping into cryptocurrency, and some even dabbling in non-fungible tokens (NFT). Anything that will help aid in these endeavors – be it alternative payment methods, membership deals, or anything of the like – will definitely catch the consumers' eye.
All of these things have one thing in common– CONTROL.
In light of a pandemic shutting things down, inflation, and war; people everywhere feel like their lives are out of control. The most successful companies in 2022 will be the ones that make buyers feel like at least some aspect of their life is in control again.
Focusing on ethics, sustainability, technology, or money management is a great start to grabbing the attention of the consumers; but to really win the dollars of the post-pandemic market, businesses need to target consumers’ need for control in the seemingly out of control world we currently live in.
Learn More!
According to our GVSU student researcher and author, businesses that can adapt to these trends will be better positioned to satisfy their ever-evolving consumers’ demands in 2022. For additional global consumer trends identified by Euromonitor International , attend the 36th Michigan World Trade Week Business Conference in person or by live stream on May 4th, in Grand Rapids, Michigan. The gathering of industry professionals is a great source of information on how to navigate the next normal way of trade. Register today !
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About the Author
Natalie Bremmer is a Student Assistant at GVSU’s Van Andel Global Trade Center . She is a sophomore currently pursuing an undergraduate degree in Finance and Human Resource Management at Grand Valley State University. She enjoys lifting weights, playing video games, spending time with friends, and going on long hikes.
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Permanent link for The Need-to-Know Global Consumer Trends for 2022 on April 20, 2022.