Wednesday, July 29, 2015

Location, location, location

Where do you live?  The economy of your state, for instance, may have heavy exports or imports from countries that will surprise you.  Louisiana's biggest import product is oil - not a surprise - and its largest partner is Saudi Arabia (in this case, it's influenced by the strategic oil reserves for the U.S. that are held in the state); largest export destination is China (which may come as a surprise, but is likely influenced by our large Port, which does a lot of business - 31 million short tons of cargo and over a million cruise passengers in 2014).  Some of the partners on the map may surprise you.


Think about how 'where you are' affects your business, your experience, and even your investments.  Are you diversified enough in your skills to be able to transition jobs swiftly in this ever-shifting economy?  Do you monitor the news of other cities and industries to detect trends and opportunities that will benefit you?  Make sure you are improving up your skills-set up to speed on training so that you are ready to shift gears if need be - and know where the map may take you.


http://www.businessinsider.com/state-and-country-trade-maps-2015-7