Business

Cross-pollination between Auckland, Los Angeles, and Guangzhou brings the prospect of exciting innovation. Erez Morag believes when culture, expertise, insights, and ranks come together and are cross-pollinated, it is then that truly successful innovation can happen. “Cross-pollination between these three cities will bring exciting innovation,” said Dr Erez Morag, former Nike Innovation expert speaking at the Tripartite Economic Summit about …

The food industry is undergoing massive change. Farming systems and sources of food are being transformed around the world, new retail models are emerging in the food sector, and consumer demand is rapidly changing. Reinvention of New Zealand’s food industry is critical to the country returning to the forefront of exporting and developing food and agribusiness products. The global challenges …

New Zealand companies should consider forming joint ventures and partnerships to gain traction in overseas markets. New Zealand has a tendency to be Kiwi-centric, assuming that because our domestic market loves our products, overseas markets will too. Māori businesses reflect the world view of Māori: that long-term sustainability is more important than profit. “Māori want to hear your heart, not …

Guangzhou is China’s third-largest city. It has a GDP of similar size to Singapore and Hong Kong, and is undergoing massive transformation. The city is moving away from low-cost manufacturing and exports and towards innovation, science and technology, and services for domestic consumption. There are various opportunities for Los Angeles and Auckland to be involved in China’s new economic blueprint, …

 The creation of networks of people is an important driver for economic development and can help to fully unlock creativity. It can be argued that China is millennia ahead of the rest of the world in terms of understanding the role of networks, and cultivating them. “The economic driver of the future isn’t a factory or a piece of technology …

There is still plenty of capital available in the United States, low-interest rates have led to record flows into investment funds. The New Zealand market is not large enough to fulfil post-capital valuations on its own. It is important from day one that kiwi companies plan to go global. “It’s important from day one that we help prospective companies in …

Auckland, Guangzhou, and Los Angeles have strong and long-standing sister city relationships. Auckland Los Angeles share similar challenges, particularly in transportation, the economy, international trade and innovation. Eric Garcetti believes these challenges come from our cities being “victims of our own success”. Over the next decade, autonomous vehicles are expected to revolutionise transport. People won’t need to own their own …

 The world’s fastest supercomputer can help city planners and engineers predict how a city’s economy will evolve. The collection of real-time data for virtually every amenity and service will allow apps to be created that improve the productivity of a city – from traffic flows, to parking and water usage. A technological revolution is being driven by the demand of …

 The e-commerce industry is rapidly evolving and transforming the retail sector faster than ever before. Although the customers might differ in their buying decisions, e-commerce is becoming an important player in all markets around the world. China saw the opportunity New Zealand can provide to their e-commerce industry – many of the country’s largest e-retailers were present at the Tripartite …

It’s a special occasion for Auckland, for Guangzhou and Los Angeles, and for all the business delegates here. Two years ago our three cities signed an historic agreement – an agreement to increase economic cooperation and business links. The tripartite alliance strengthens our links with two very influential Pacific Rim city economies. For Auckland, Guangzhou and Los Angeles are our …