During this time of economic recession many of those who have cash on hand and some ambition can really position themselves to capitalize largely; and find themselves sitting on a mountain of cash when the economy bounce back. Forbes has listed the 2000 biggest companies in the World (Forbes Global 2000).Forbes discuss how these companies during the recession will be buying rivals, funding technologies and entering new markets.Forbes use an equal weighting of sales, profits, assets and market value to rank companies according to size. In the rankings there are62 countries, with the U.S. leading the pact at 551 members, but that is 200 fewer than in 2004, when the list was first published. On2009’s list China has 91 members, Korea, 61, and India, 47. Arab countries: Kuwait, Saudi Arabia and the United Arab Emirates each have at least 10 entries on this year’s list.
In total, the Global 2000 companies account for $32 trillion in revenues, $1.6 trillion in profits, $125 trillion in assets and $20 trillion in market value.With all this revenue on deck they all will be taking advantage of the lowest prices that we’ve seen in years. Chief Executive for Microsoft states, “Despite the economy, it’s important to think about what is possible”. Its all a matter of perspective and how one view these times. Being pessimistic is easy when things are not going well, but its the optimism that will fuel innovation and forward progress. There is a reason why these companies are on the Forbes list, its because winners-win, and winning is a mentality.
Interactive Map: An Atlas of the World’s Biggest Companies
Source: Forbes
