What is Hannover Messe? The Hannover Messe started in 1947 as the “Export Fair 1947 Hannover”. This laid the foundation for the event we know today. Since then, the fair has been held every spring at the Hanover Fairground in Hanover, Lower Saxony, and is the most important capital goods fair.
On November 3rd, 2022, our COO Nur Hayat Nezir held a very special presentation for members and friends of the International Trade Club of Chicago. The event took place at Polsinelli in Chicago, IL, and the main focus was on presenting ABRAMS world trade wiki’ tools and the opportunities that arise from using them.
No supply chain is 100% crisis-proof. This is demonstrated by the consequences of the conflict between Russia and Ukraine. In February 2022, the political situation between the two countries had escalated to such an extent that Russia invaded Ukraine militarily. This is currently causing not only terrible humanitarian problems, but also economic consequences that are being felt in Europe and the United States, among other places. More and more global supply chains are in danger of collapsing, both because of the military-related loss of Ukrainian business partners and because of international sanctions against Russia and Russian companies.
Networking is playing an increasingly important role in world trade. To stay on top of these dynamic developments and identify opportunities, it is important to monitor import, export and shipping trends. You can gain knowledge from a variety of sources, but trade data analysis is the key tool to make the right decisions.
The past year has shown what unexpected challenges can suddenly strike the global economy and entrepreneurs. In the beginning crisis management was the main reaction. Although many companies were able to keep up their supply chains, their revenue suffered major losses. At this point strategic knowledge through trade data and innovative business intelligence offer a way out of this crises.
The focus of every company should always be on retaining existing customers and winning new customers, because this ensures sustainable company growth. Thanks to new technologies such as high-performance databases and globally available data, new customers can now be identified by analyzing trade data. With the help of appropriate tools, customers are much easier to find than many company managers think.