A small group of members enjoyed great presentation from Tony and Stephan from Rainier Group about the threats from the use of the Internet, but also about the risk the data a business is exposed in todays world.
Dear Reader, the newsletter 2/18 has been sent out a couple of days ago. And through an oversight, a draft version of the newsletter was accidentally posted to the membership. We apologise for this mishap and hope you found anyway great value of the information provided.
SwissCham April 2018
"Gruezi" from the Desk of SwissCham
Dear Members and Friends of SwissCham Australia
2018 started with some big events which have been extremely successful. First we had the Pipilotti Rist event at the MCA and then we were able to celebrate the winners of the Swiss Business Award 2017.
Needless to say this event was not only enjoyed by the board of SwissCham, the sponsors, the winners of the awards and of course of all Members and their guests, but it was a worth while celebration of outstanding contributions of Swiss Business in Australia. And with no doubt, all three winners have a global impact with their high quality products, solutions and the results in their field of research.
On March 28th, we held our annual AGM. HWL Ebsworth provided the facility and some light refreshment were offered after the AGM. Our Chairman presented his annual report and the progress we made in the last 12 months. Certainly the biggest challenge is to retain our valued members. With a more diversified event offering and more services we plan to offer, we will be ready for the challenges ahead. While we still have recorded a slight negative annual financial result, the improvement from the year before was significant.
As reported in the last newsletter, we have been able to win Vicki Mullen from SwissRe to the board, and already some great energy has been created. I am also very pleased to inform the membership, that Stefano Solferini, has after one year absence, due to some international secondment, rejoined the board of SwissCham. Stefano is like Vicki, well connected and both will be bring a huge value to the further quality growth of SwissCham.
We have plenty of great events lining up.
A highlight is certainly the visit of a Swiss Parliamentary Group. Two Business Breakfasts, in Sydney and Melbourne with some high profile members of the Chamber have been arranged (by personal invitation only).
On May the 3rd, our next board room lunch with the Hon Paul Fletcher MP, Federal Member for Bradfield and Minister for Infrastructure and Cities is on the agenda.
Cyber Security is now a hot topic in Australia. After all the bungles and problems around this topic, we thought an event would be of high interest. So we are offering an event on the 18th April (still a few spots available). Interestingly the membership has so far not expressed a high interest to attend. This is very interesting, when you know, that Australia just introduced new laws about breaches in Cyber Security, which must be taken seriously and need in many cases need to be reported to the Authorities. For more info click ===> here.
If you like to know more, visit out website about the coming events. (go to ===> www.swisscham.com.au/events)
Martin G Scarpino
An excellent event with the presence of high ranking Swiss Senators and Exponents from the Swiss Embassy, Consulate and Swiss Multinationals
Cross-border trade of intermediate goods and early-cycle commodities point to a moderate increase in world trade within the next three months
- DHL Global Trade Barometer derives predictions for global trade by evaluating large amounts of logistics data with the help of Artificial Intelligence
- Tim Scharwath, CEO DHL Global Forwarding, Freight: “In a world characterized by volatility and uncertainty, we are contributing to greater transparency and predictability – for the benefit of our customers, our business and society.”
DHL, the world’s leading logistics company, has introduced a new and unique early indicator for the current state and future development of global trade. The DHL Global Trade Barometer is based on large amounts of logistics data that are evaluated with the help of artificial intelligence. Since global trade fuels the world economy, the DHL Global Trade Barometer not only provides an outlook on future trade, but also on the prospects for the global economy. The indicator has been developed in cooperation between DHL and Accenture and will be published quarterly.
“As the world’s leading logistics provider, DHL has both, a deep understanding of the driving forces behind global trade volumes and the industry expertise to analyze and interpret market data. Our network, knowledge and experience uniquely position us to understand global supply chains in order to derive a global trade outlook”, said Tim Scharwath, CEO of DHL Global Forwarding, Freight. “The DHL Global Trade Barometer shows impressively how digitalization – with the use of Big Data and Predictive Analytics – opens up entirely new opportunities that we can use for the benefit of our customers.”
Accenture will provide data modelling and predictive analytics to forecast future trade trends for DHL. DHL will receive one unified view of the insights which will give them a stronger understanding of current and future state of global trade logistics for its customers.
Detailed bottom-up data modelling
The DHL Global Trade Barometer is based on import and export data for a number of intermediate and early-cycle commodities that serve as the basis for further industrial production, e.g. brand labels for clothes, bumpers for cars or touch screens for mobile devices. Sources for the index are aggregated market data from air and containerized ocean freight in seven countries, which account for more than 75 percent of world trade. Using artificial intelligence and various statistical methods this data is compressed to a single index value, which is published on a global level and individually for the seven countries evaluated.
The DHL Global Trade Barometer index represents the weighted average of the current growth and the upcoming two months of global trade. An index value above 50 indicates a positive development; values below 50 point to a decline in world trade. Tests with historical data have revealed a high correlation between the DHL Global Trade Barometer and real containerized trade, providing a three-month forward-looking estimate.
January index points to continued moderate growth in global trade
The DHL Global Trade Barometer for January 2018 indicates that global trade will continue to grow within the next three months. On its initial release, the index scored 64, which is slightly below the values calculated for previous months. That means that world trade is still considered to be in an expansive mode, but growth loses momentum. The decline is due to weakening prospects for Chinese and Japanese trade, which is only partially offset by improved prospects for India, South Korea and Great Britain.
In addition to the findings on world trade in general, the DHL Global Trade Barometer provides deep insights into specific issues, e.g. the main macroeconomic factors that are affecting trade trends or the countries and regions that are driving global trade. By breaking down the global supply chain, volume trends within industry sectors could be identified, pointing to outperforming and declining sectors.
The insights from the DHL Global Trade Barometer will help DHL customers to optimize their business processes, for example providing guidance for investment and supply chain decisions. Moreover, DHL itself will leverage the indicator to fine-tune its own resource planning for its international logistics operations. Due to the high quality of the data, the company believes that the DHL Global Trade Barometer has a high significance also beyond logistics. Since it is an indicator for future trade and economic growth worldwide, the index could be integrated into forecast models by banks, associations or economic research institutes.
“In a world characterized by volatility and uncertainty, we are contributing to greater transparency and predictability – for the benefit of our customers, our business and society”, Tim Scharwath said.
Further information on the DHL Global Trade Barometer
DHL Global Trade Barometer - Infographic
More information can be found at:
Stefano has 20 years CEO, private equity, investment banking, strategy consulting, business building experience across Asia Pacific, Europe and USA.
He worked in leading roles at UBS, JPMorgan, Citi, Accenture, before becoming CEO of his own fund management and investment banking business, Marco Polo Advisory, helping Global CEO’s define and execute 5 year strategies, expand their organically and inorganically, expand globally, and drive enterprise transformation by leveraging digital, cybersecurity, AI and robotics. He has driven zero based budgeting initiatives to transform the economics of large enterprises.
Stefano’s most recent role was as Asia Pacific Head of Mergers, Acquisitions and Investments for Accenture, driving Group inorganic growth for the USD 90 bn market cap NYSE group in Asia and ANZ. Accenture spent $1.7bn cash in 2017 across 37 deals to build its platform inorganically.
He is co founder and Chairman of Fastvisa, a disruptive business in the visa immigration space for the corporate sector, delivering a faster, more efficient visa processing experience for corporate executives.
Stefano studied as a scholarship winner for his MBA at Manchester Business School and the JL Kellogg School of Management.
He holds a Bsc (Hons) in Management Sciences from the University of Manchester Institute of Science and Technology and speaks five languages.