#Electronic Manufacturing Services Market Industry

[syteline-csi]

Why Infor SyteLine ERP Is Ideal for Mid-Market Manufacturers & Service Providers

When electronics and other mid-market manufacturers want their ERP system to enable growth and create a new competitive advantage, they rely upon Infor Infor SyteLine, also known as CloudSuite Industrial (CSI).

When service and rental equipment providers want their ERP system to enable their growth into world-class service organizations and empower field technicians with data at their fingertips, they also rely upon Infor Infor SyteLine CSI.

We’ve all heard the horror stories of failed ERP implementations so, when manufacturers and service providers want SyteLine ERP successfully implemented—and guaranteed—they rely upon Bridging Business Technology Solutions (BBTS).

An ERP Ideal for Manufacturers

Infor SyteLine is the primary ERP we support because it’s ideal for use by discrete and process manufacturers, especially electronics manufacturers. We also guarantee the success of your Infor SyteLine implementation whether you’re commissioning an ERP system for the first time or replacing your current system, so you can cross the risk of a failed implementation off your list of worries.

SyteLine also can be customized to recognize customer-owned inventory and allocate it only to that customer so you don’t have a unique part number for the same part used by multiple customers. You can also reserve stock for specific products of the same customer or reserve any part in your inventory for a specific order until the order is released.

SyteLine delivers the same type of functionality as SAP and Oracle for a fraction of the cost and headache of implementing a tier 1 ERP system.

An ERP Ideal for Service Providers

Infor SyteLine is the primary ERP we support because it’s a perfect fit for service providers, especially those who rent equipment. We also guarantee the success of your Infor SyteLine implementation. So, whether you’re commissioning an ERP system for the first time or replacing your current system, you don’t have to worry about the disruption of a failed implementation.

Among the biggest benefits of SyteLine for service providers is no longer having to enter data multiple times into disparate systems. Working with common data means that everyone works from the same real-time information, which:

Empowers your service technicians to complete more service orders

Enables your employees to spend more time building relationships with customers

Gives your managers the tools to analyze data and find strategic growth opportunities

SyteLine delivers the same type of functionality as SAP and Oracle for a fraction of the cost and none of the headaches associated with implementing a tier 1 ERP system.

Successful Implementations, Guaranteed

The BBTS team has implemented SyteLine successfully over 165 times since 2013 with a proven ERP implementation process that begins with improving inventory control, planning and forecasting, financial close, and other business processes. SyteLine then standardizes these process best practices and ensures they are followed.

BBTS also provides post-implementation SyteLine enhancements, upgrades, business process improvements, and workflow optimization so you get the most out of your SyteLine investment.

Get Started Today

To determine if SyteLine ERP is right for you, we will connect you with one of our implementation experts as part of a process review. A successful implementation begins with understanding your core business processes, then recreating and evolving them in SyteLine.

Together, we can determine how you will benefit from SyteLine and calculate a target return on investment (ROI) to help justify the move. Contact us to learn more about SyteLine and how we are able to guarantee a successful ERP implementation when so many fail. You can also take advantage of the process review offer.

[beardedmrbean]

China is facing the prospect of further G7 sanctions.

The G7 has accused it of helping arm Russia against Ukraine.

Balancing its support for Russia with its European trading ties is becoming tricky for China.

NATO Secretary General Jens Stoltenberg this week warned China it faces a stark choice if it continues backing Russia's Ukraine invasion.

"Publicly, President Xi has tried to create the impression that he's taking a back seat in this conflict to avoid sanctions and keep trade flowing," Stoltenberg said.

"But the reality is that China's fueling the largest armed conflict in Europe since World War II.

"At the same time, it wants to maintain good relations with the West.

"Well, Beijing cannot have it both ways. At some point, and unless China changes course, allies need to impose a cost."

A tough stance

The remarks are part of a tough new stance from the US and its allies over China's alleged provision of crucial dual-use goods to Russia to fuel the Kremlin's war machine.

The US believes China has supplied Russia with equipment such as chips and integrated circuits, which can be used to produce weapons. In response, China has said it is not a party to the Ukraine war and that there should be no interference with trade between China and Russia.

At the G7 summit last weekend, the leaders unambiguously signaled their growing frustration with China in a joint statement. "China's ongoing support for Russia's defense industrial base is enabling Russia to maintain its illegal war in Ukraine and has significant and broad-based security implications," said the leaders of some of the world's biggest advanced economies.

It came days after the European Commission told Chinese carmakers that it would provisionally apply duties of up to 38% on imported Chinese electric vehicles from next month.

And in April and May, the US imposed new sanctions on Chinese banks and companies it accused of supplying goods and services for the Russian military.

Xi's balancing act

Analysts say that China is performing a balancing act. It is backing the Russian invasion to dent US global power while also seeking to maintain the trading ties with Europe its economy depends on.

The US has long been pushing its European allies to adopt a tougher stance toward Beijing similar to its own.

But they have hesitated until now. Many retain close economic ties with China, with the European economic giant Germany long dependent on China's manufacturing might for products such as cars and electronic devices.

But at the G7 there were signs that might be about to change, and Europe's leaders are becoming increasingly exasperated with China.

In the statement, members said they were willing to punish Beijing further for its support of Russia.

"We will continue taking measures against actors in China and third countries that materially support Russia's war machine, including financial institutions, consistent with our legal systems," they said.

China-Europe tensions increase

It's not just China's support for Russia that appears to be focusing European minds on the potential threat it poses.

In recent months, authorities in Germany and the UK have arrested people accused of spying for China, and the European Union has accused Beijing of flooding markets with cheap electronic cars.

China has sought to exploit divisions in Europe, with Xi visiting Hungary and Serbia in May, just after visiting France's President Emanuel Macron. Both have taken a critical stance towards Ukraine and appear keen to do more business with China, in defiance of EU policy. And China also seems keen to drive a wedge between European countries and the US.

But China's attempts to sustain its balancing act appear to be getting more difficult to sustain.

A person familiar with G7 talks told the Financial Times: "The era of naivety towards Beijing is definitely gone now and China is to blame for that, honestly."

[sujoychandroshil]

How to Find and Win Lucrative Electronics Tenders

Electronics is a broad and ever-growing sector in which many contractors and suppliers can be awarded a very wide range of tenders. Whatever the business—involving manufacturing electronic components, providing repair and maintenance services, or innovating state-of-the-art technologies—knowing how to find and win tenders in electronics is another key part of business development and success. 

With this, we've put together some tips to help you make your way through the world of electronics tenders and give you more opportunities for winning profitable contracts.

Identifying relevant tender opportunities

First, one has to identify the tender opportunities that correspond to the capabilities and areas of expertise your company has in the electronics field. This is carried out by:

Monitor the tender portals and websites on a day-to-day basis to know about major operating tender portals and websites functioning in your region—for example, government procurement portals for most countries and electronic industry websites. Create an alert for new tenders on electronics immediately after being posted.

Participate in Industry Events and Networking Sessions: Conferences, exhibitions, and networking sessions offer an opportunity to interact with new potential customers, grasp the existing trends in the market, and in so doing, learn about upcoming tender opportunities.

Developing relationships with key procurement professionals will certainly be helpful in developing better relations with target organizations, assisting the acquisition of relevant information on their needs and procurements, then forwarding tenders.

Offer tender tracking and notification services: point out any subscription services that offer to track and notify tenders in the electronics industry. Such services shall significantly spotlight opportunities with an assurance of value to the tender process.

Preparing an Effective Tender Document

Once a suitable tender opportunity has been identified, the next thing is to prepare an effective tender submission. Considerations include

Understand the requirement of the tender: Be able to understand the technical specification, work to be done, and evaluation criteria, and you shall consequently make your submission according to the requirements of the buyer.

Experience and relevant expertise: Show proof that your company has conducted projects similar to others, identifying the competence of your technical team. Mention case studies, references, and testimonials obtained from prior clients.

Competitive advantages: State what your firm has that no other competitors do. Leverage such an advantage for your tender submission. This could be in the form of unique technologies, innovative solutions, or mechanisms for cost savings.

Ensure that the submission is well-structured and free from errors: Tender guidelines were quite clear explaining that the response is to be prepared in a well-set-out, clear, and error-free format.

Relationship Development with Purchasers

Indeed, a strong relationship with the buyers is one of the key players for winning electronics tenders. Some strategies that would help you build and maintain these relationships include:

Attend pre-tender meetings and site visits - It is attended in order for one to get a clear view of the needs of the buyer in addition to showing interest in the project.

Good customer service: In dealing with the customers whom you have interfaced with before, ensure that quality products and services are provided and open communication maintained, so that this gives you a good standing for them to consider you in a tendering process later on.

Follow-up after submission: Once submitted, perform follow-up with the buyer on possible interest in the project and work out outstanding questions and issues.

Continuously improve and adapt.

Electronics change

Electronics is changing daily; new challenges appear each day. Successful companies will get ready for the change and update their tender strategies to keep successfully tapping this opportunity. Following are a few tips on how:

Previously submitted tenders: an analysis of where you have done poorly helps you gain an understanding of where to rectify. You also seek feedback from buyers and tender review services to highlight key areas of strengths and weaknesses.

Industry Trends and Regulations: Keep up to date with state-of-the-art trends, technologies, and legislation relevant to the electronics industry. This will be useful in pinpointing new opportunities and ensuring that tender submissions made are responsive and compliant.

Always invest in your company's capabilities through constant training, equipment, and research and development to position your company properly for competition in the electronics tender market.

Conclusion.

Building on the said strategies and the ability to keep up with changes in the electronics industry also helps a great deal in finding tenders with increased chances of winning them. Besides, success in the tender process cannot be built without proactive research, compelling submissions, and strong relationships with buyers.

[aageinternational]

Your Guide to the Best Battery Distributors in Bahrain

In the fast-paced world of technology and industrial advancements, reliable power sources are essential. Batteries play a pivotal role in ensuring that everything from our everyday gadgets to large industrial equipment runs smoothly. Bahrain, a burgeoning hub of technological growth in the Middle East, has seen an increasing demand for high-quality batteries. This demand has led to the rise of several battery distributors in Bahrain, each striving to provide top-notch products and services. If you’re looking to find the best battery distributors in Bahrain, this guide will help you navigate through the options and make an informed decision.

Understanding the Battery Market in Bahrain

Bahrain’s strategic location and robust economy make it a prime market for various industries, including battery distribution. The country’s push towards technological advancement and sustainable energy solutions has driven the need for a diverse range of batteries, from consumer electronics to industrial applications. This growing demand has attracted numerous local and international battery distributors to establish their presence in Bahrain.

Key Considerations When Choosing a Battery Distributor

Before diving into the list of the best battery distributors in Bahrain, it’s important to understand what factors to consider when making your choice:

Product Range: A good distributor should offer a wide variety of batteries to meet different needs. Whether you need batteries for consumer electronics, automotive, industrial applications, or renewable energy systems, the distributor should have a comprehensive product lineup.

Quality Assurance: Quality is paramount when it comes to batteries. Ensure that the distributor provides products from reputable manufacturers and that the batteries meet international quality and safety standards.

Technical Support: Reliable technical support and after-sales service are crucial. A good distributor should offer guidance on battery selection, installation, and maintenance.

Reputation and Reviews: Research the distributor’s reputation in the market. Customer reviews and testimonials can provide valuable insights into their reliability and service quality.

Price and Warranty: Competitive pricing and a solid warranty policy are essential. Ensure that the distributor offers value for money and stands behind their products with a good warranty.

Top Battery Distributors in Bahrain

Now that you know what to look for, let’s explore some of the top battery distributors in Bahrain that have built a strong reputation in the market.

1. AAGE International

Website: AAGE International

AAGE International is a leading name in the battery distribution sector in Bahrain. They offer a comprehensive range of batteries, including industrial batteries, lithium-ion batteries, and automotive batteries. Their products are known for their high quality and reliability, sourced from renowned manufacturers worldwide. AAGE International is committed to providing excellent customer service, including technical support and after-sales service. Their focus on sustainable energy solutions makes them a preferred choice for businesses and individuals looking for eco-friendly battery options.

2. Universal Electro-Engineering Services

Website: Universal Electro-Engineering Services

Universal Electro-Engineering Services has established itself as a reliable battery distributor in Bahrain. They offer a diverse range of batteries for various applications, including industrial, automotive, and renewable energy systems. Their commitment to quality and customer satisfaction is evident in their product offerings and support services. With a strong focus on innovation and sustainability, Universal Electro-Engineering Services continues to meet the growing energy needs of Bahrain.

3. Gulf Batteries Company

Website: Gulf Batteries Company

Gulf Batteries Company is another prominent player in Bahrain’s battery distribution market. They specialize in providing high-quality batteries for industrial and commercial applications. Their extensive product range includes lead-acid batteries, lithium-ion batteries, and maintenance-free batteries. Gulf Batteries Company is known for its stringent quality control measures and excellent customer service, ensuring that clients receive reliable and durable battery solutions.

4. Almoayyed Commercial Services

Website: Almoayyed Commercial Services

Almoayyed Commercial Services is a well-known distributor of batteries in Bahrain, offering a wide range of products for different sectors. Their portfolio includes batteries for consumer electronics, automotive, and industrial applications. Almoayyed Commercial Services prides itself on delivering high-quality products backed by robust technical support and after-sales service. Their reputation for reliability and customer-centric approach makes them a trusted choice in the market.

5. Naser Al Sayer & Co. B.S.C.

Website: Naser Al Sayer & Co. B.S.C.

Naser Al Sayer & Co. B.S.C. has been serving the Bahrain market for years, providing a wide array of battery solutions. They offer batteries for automotive, industrial, and backup power applications. Known for their commitment to quality and customer service, Naser Al Sayer & Co. ensures that their clients have access to the best battery technologies available. Their expertise and dedication to meeting customer needs have earned them a solid reputation in the industry.

Why Choose Local Distributors?

Opting for local battery distributors in Bahrain has several advantages. Local distributors are more attuned to the specific needs and challenges of the Bahraini market. They can provide quicker and more efficient services, including faster delivery times and localized technical support. Additionally, local distributors often have a better understanding of the regulatory requirements and standards in Bahrain, ensuring compliance and reliability.

Conclusion

Selecting the right battery distributor is crucial for ensuring the reliability and efficiency of your power solutions. Whether you need batteries for personal use, automotive purposes, or large-scale industrial applications, the distributors listed above are among the best in Bahrain. By considering factors such as product range, quality assurance, technical support, reputation, and price, you can make an informed decision and choose a distributor that meets your specific needs. Bahrain’s growing demand for advanced battery solutions makes it an exciting market, and partnering with the right distributor can help you stay ahead in this dynamic environment.

[phuket-solicitors]

Thailand Board of Investment

The Thailand Board of Investment (BOI), established in 1966, serves as a vital gateway for foreign businesses seeking to invest and establish a foothold in the Southeast Asian nation. Acting as a one-stop shop, the BOI offers a range of incentives and support mechanisms to make Thailand an attractive and competitive investment destination.

Who Benefits from the BOI?

The BOI's programs target a broad spectrum of foreign investors, including:

Manufacturers: Companies engaged in the production of goods, particularly those aligned with Thailand's focus industries (like automotive, electronics, and food processing).

Technology Companies: Businesses involved in areas like software development, biotechnology, and digital innovation are highly encouraged.

Service Providers: The BOI welcomes foreign companies offering services in sectors like healthcare, tourism, and logistics.

What Incentives Does the BOI Offer?

The BOI provides a compelling package of incentives to attract foreign investment. These benefits can include:

Corporate Income Tax Exemptions: Partial or complete exemption from corporate income tax for a set period.

Import Duty Exemptions: Reduced or waived import duties on machinery, raw materials, and technology crucial for business operations.

Tax Breaks on Investment Costs: Incentives to encourage investment in research and development, infrastructure development, and employee training.

Simplified Business Registration: The BOI streamlines the business registration process for promoted companies.

Work Permit Facilitation: Assistance in obtaining work permits for foreign skilled workers needed for the project.

Focus Industries and Thailand's Development Goals

The BOI's promotional programs strategically align with Thailand's national development goals. By prioritizing industries like advanced manufacturing, digital technology, and environmentally friendly practices, the BOI aims to:

Drive Economic Growth: Attract foreign investment that fosters job creation and boosts Thailand's export capabilities.

Enhance Technological Advancement: Encourage technology transfer and innovation to elevate Thailand's industrial competitiveness.

Promote Sustainable Development: Support businesses that implement environmentally responsible practices and contribute to a greener future for Thailand.

How to Apply for BOI Promotion

Foreign businesses can apply for BOI promotion by submitting a detailed proposal outlining their investment project, including the nature of the business, target market, and projected economic benefits to Thailand. The BOI provides clear guidelines and application procedures on their website https://www.boi.go.th/en/index/.

Investing in Thailand's Future

The Thailand Board of Investment presents a compelling proposition for foreign businesses seeking to expand their reach in Southeast Asia. With its attractive incentives, strategic focus, and commitment to development, the BOI paves the way for a successful and mutually beneficial partnership between foreign investors and Thailand's growing economy.

[foxnangelseo]

FDI in India: Unleashing Growth Potential in 2024

Introduction

Foreign Direct Investment (FDI) has been a cornerstone of India's economic growth, driving industrial development, technological advancement, and job creation. As we move into 2024, the FDI landscape in India is poised for substantial growth, bolstered by a favorable policy environment, a burgeoning consumer market, and strategic government initiatives. This blog delves into the potential of FDI in India for 2024, examining the key sectors attracting investment, the regulatory framework, and the strategies investors can employ to navigate this dynamic market.

The Significance of FDI in India

FDI is crucial for India’s economic progress, providing the capital, technology, and expertise needed to enhance productivity and competitiveness. It facilitates the integration of India into the global economy, stimulates innovation, and creates employment opportunities. Over the past decade, India has emerged as one of the top destinations for FDI, reflecting its economic resilience and strategic importance.

Historical Context and Recent Trends

India's FDI inflows have shown a consistent upward trend, reaching record levels in recent years. According to the Department for Promotion of Industry and Internal Trade (DPIIT), India attracted FDI inflows worth $81.72 billion in 2021-22, highlighting its strong appeal among global investors. The sectors that have traditionally attracted significant FDI include services, telecommunications, computer software and hardware, trading, construction, and automobiles.

Key Factors Driving FDI in India

1. Economic Growth and Market Size

India's economy is one of the fastest-growing in the world, with a projected GDP growth rate of around 6-7% in 2024. The country’s large and youthful population offers a vast consumer base, making it an attractive market for foreign investors. The rising middle class and increasing disposable incomes further fuel demand across various sectors.

2. Strategic Government Initiatives

The Indian government has implemented several initiatives to make the country more investor-friendly. Programs like 'Make in India,' 'Digital India,' and 'Startup India' are designed to boost manufacturing, digital infrastructure, and entrepreneurial ventures. These initiatives, coupled with reforms in labor laws and ease of doing business, create a conducive environment for FDI.

3. Infrastructure Development

Significant investments in infrastructure development, including roads, railways, ports, and urban infrastructure, enhance connectivity and logistics efficiency. The development of industrial corridors and smart cities further improves the attractiveness of India as an investment destination.

4. Favorable Regulatory Environment

India has progressively liberalized its FDI policy, allowing 100% FDI in most sectors under the automatic route. This means that foreign investors do not require prior government approval, simplifying the investment process. The government has also streamlined regulatory procedures and improved transparency to facilitate ease of doing business.

Key Sectors Attracting FDI in 2024

1. Technology and Digital Economy

The technology sector continues to be a magnet for FDI, driven by India’s growing digital ecosystem, skilled workforce, and innovation capabilities. Investments in software development, IT services, and emerging technologies like artificial intelligence, blockchain, and cybersecurity are expected to surge.

2. Manufacturing and Industrial Production

The 'Make in India' initiative aims to transform India into a global manufacturing hub. Key sectors attracting FDI include electronics, automobiles, pharmaceuticals, and renewable energy. The Production-Linked Incentive (PLI) schemes introduced by the government provide financial incentives to boost manufacturing and attract foreign investment.

3. Healthcare and Biotechnology

The COVID-19 pandemic has underscored the importance of healthcare infrastructure and innovation. India’s pharmaceutical industry, known for its generic drug production, continues to attract substantial FDI. Additionally, biotechnology and medical devices are emerging as significant sectors for investment.

4. Infrastructure and Real Estate

Infrastructure development is critical for sustaining economic growth. Sectors like transportation, logistics, urban development, and real estate offer significant investment opportunities. The government's focus on developing smart cities and industrial corridors presents lucrative prospects for foreign investors.

5. Renewable Energy

With a commitment to achieving net-zero emissions by 2070, India is focusing on renewable energy sources. The solar, wind, and hydroelectric power sectors are witnessing substantial investments. The government's policies and incentives for green energy projects make this a promising area for FDI.

Regulatory Framework for FDI in India

Understanding the regulatory framework is essential for investors looking to enter the Indian market. The key aspects of India's FDI policy include:

1. FDI Policy and Routes

FDI in India can be routed through the automatic route or the government route. Under the automatic route, no prior approval is required, and investments can be made directly. Under the government route, prior approval from the concerned ministries or departments is necessary. The sectors open to 100% FDI under the automatic route include:

- Infrastructure

- E-commerce

- IT and BPM (Business Process Management)

- Renewable Energy

2. Sectoral Caps and Conditions

While many sectors allow 100% FDI, some have sectoral caps and conditions. For example:

- Defense: Up to 74% FDI under the automatic route, and beyond 74% under the government route in certain cases.

- Telecommunications: Up to 100% FDI allowed, with up to 49% under the automatic route and beyond that through the government route.

- Insurance: Up to 74% FDI under the automatic route.

3. Regulatory Authorities

Several regulatory authorities oversee FDI in India, ensuring compliance with laws and policies. These include:

- Reserve Bank of India (RBI): Oversees foreign exchange regulations.

- Securities and Exchange Board of India (SEBI): Regulates investments in capital markets.

- Department for Promotion of Industry and Internal Trade (DPIIT): Formulates and monitors FDI policies.

4. Compliance and Reporting Requirements

Investors must comply with various reporting requirements, including:

- Filing of FDI-related returns: Periodic filings to RBI and other regulatory bodies.

- Adherence to sector-specific regulations: Compliance with industry-specific norms and guidelines.

- Corporate Governance Standards: Ensuring adherence to governance standards as per the Companies Act, 2013.

Strategies for Navigating the FDI Landscape

1. Thorough Market Research

Conducting comprehensive market research is crucial for understanding the competitive landscape, consumer behavior, and regulatory environment. Investors should analyze market trends, identify potential risks, and evaluate the long-term viability of their investment.

2. Partnering with Local Entities

Collaborating with local businesses can provide valuable insights into the market and help navigate regulatory complexities. Joint ventures and strategic alliances with Indian companies can facilitate market entry and expansion.

3. Leveraging Government Initiatives

Tapping into government initiatives like 'Make in India' and PLI schemes can provide financial incentives and support for setting up manufacturing units and other projects. Staying updated on policy changes and leveraging these initiatives can enhance investment returns.

4. Ensuring Legal and Regulatory Compliance

Compliance with local laws and regulations is paramount. Engaging legal and financial advisors with expertise in Indian regulations can ensure that all legal requirements are met. This includes obtaining necessary approvals, adhering to reporting norms, and maintaining corporate governance standards.

5. Focusing on Sustainable Investments

Given the global emphasis on sustainability, investments in green technologies and sustainable practices can offer long-term benefits. The Indian government’s focus on renewable energy and sustainable development provides ample opportunities for environmentally conscious investments.

Conclusion

India's FDI landscape in 2024 is ripe with opportunities across various sectors, driven by robust economic growth, strategic government initiatives, and a favorable regulatory environment. However, navigating this dynamic market requires a deep understanding of the legal and regulatory framework, thorough market research, and strategic partnerships.

For investors looking to unleash the growth potential of their investments in India, staying informed about policy changes, leveraging government incentives, and ensuring compliance with local laws are critical. By adopting a strategic approach and focusing on sustainable investments, foreign investors can tap into the immense opportunities offered by the Indian market and contribute to its economic transformation.

In conclusion, FDI in India in 2024 presents a compelling opportunity for global investors. With the right strategies and guidance, investors can navigate the complexities of the Indian market and achieve significant growth and success.

This post was originally published on: Foxnangel

[spookysaladchaos]

Global top 13 companies accounted for 66% of Total Frozen Spring Roll market(qyresearch, 2021)

The table below details the Discrete Manufacturing ERP revenue and market share of major players, from 2016 to 2021. The data for 2021 is an estimate, based on the historical figures and the data we interviewed this year.

Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research includes the research of the annual financial reports of the top companies; while primary research includes extensive interviews of key opinion leaders and industry experts such as experienced front-line staffs, directors, CEOs and marketing executives. The percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

According to the new market research report “Global Discrete Manufacturing ERP Market Report 2023-2029”, published by QYResearch, the global Discrete Manufacturing ERP market size is projected to reach USD 9.78 billion by 2029, at a CAGR of 10.6% during the forecast period.

Figure.   Global Frozen Spring Roll Market Size (US$ Mn), 2018-2029

Figure.   Global Frozen Spring Roll Top 13 Players Ranking and Market Share（Based on data of 2021, Continually updated）

The global key manufacturers of Discrete Manufacturing ERP include Visibility, Global Shop Solutions, SYSPRO, ECi Software Solutions, abas Software AG, IFS AB, QAD Inc, Infor, abas Software AG, ECi Software Solutions, etc. In 2021, the global top five players had a share approximately 66.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

[wwwquickpakinccom]

Intertape ExlfilmPlus® 365 Shrink Film

In the realm of product packaging, innovation and efficiency are paramount. Among the myriad of product packaging options available, ExlfilmPlus 365 emerges as a standout solution, providing power, flexibility, and the ability to adjust. This high-performance, crosslinked polyolefin shrink film is engineered to meet the rigorous demands of various industries, from food service to e-commerce, providing a seamless packaging experience that enhances both product safety and presentation.

Unmatched Quality and Performance02-Exlfilm-365-Shrink-Film:  At its core, ExlfilmPlus 365 is a testament to superior engineering. Developed with a premium resin formulation, its strong seals and performance make it an ideal choice for multi-packing applications. Its exceptional quality is not just about keeping products safe; it is about ensuring that they are presented in the best possible light, enhancing the unboxing experience for customers.

The Sustainable Choice:  In today's eco-conscious market, businesses are continually seeking sustainable packaging solutions that reduce environmental impact without sacrificing performance. ExlfilmPlus 365 answers this call, offering a shrink film that not only excels in performance and versatility but also aligns with the principles of sustainability. By choosing ExlfilmPlus 365, companies can take a step towards more responsible packaging practices, contributing to a healthier planet.

Adapting to Industry Needs:  The versatility of ExlfilmPlus 365 cannot be overstated. Whether it is securing baked goods, or wrapping consumer electronics, this shrink film adapts to the unique contours and requirements of each product. Its capacity to function seamlessly across a variety of sealing systems and shrink tunnels makes it a go-to choice for businesses seeking efficiency without compromising on quality.

Broad Spectrum of Applications:  ExlfilmPlus 365's application extends beyond the conventional boundaries of shrink wrapping. In the food service industry, it offers a hygienic and attractive packaging solution, maintaining the freshness and integrity of food products. For manufacturers and retailers in the e-commerce sector, it provides a durable packaging option that withstands the rigors of shipping and handling, ensuring that products arrive at their destination in pristine condition.

Conclusion: A Packaging Revolution:  ExlfilmPlus 365 is more than just a shrink film; it is a catalyst for change in the packaging industry. Its combination of strength, versatility, and adaptability makes it a superior choice for a wide range of applications, providing businesses with a reliable solution that meets the dual demands of quality and efficiency. As industries continue to evolve, ExlfilmPlus® 365 stands ready to meet the future of packaging head-on, more sustainable future for companies and consumers alike.  More information and samples available from Quick Pak Inc @ 813 242 6995 or reach out to sales@quickpakinc.com

[theculturedmarxist]

41

Migrant workers are struggling to get a nibble as they fish for labourious work. Photo: Henry Wong

This is the second story in a three-part series about China’s employment environment, from migrant workers and fresh graduates to new job sources and the private sector.

For less than a cup of coffee at most major chains, a migrant worker in a major Chinese city can rent a bed for the night. But oftentimes, that is contingent on finding work and getting paid that day.

In the southeastern outskirts of Beijing, amid a record-breaking heatwave scorching the capital, migrant workers starved of both food and jobs still venture out to make a living in the sweltering sun.

Wang Ke, 36, is among those who haven’t had a full stomach in a while. He and his band of fellow job-hunters never pass up a chance to ask people, “Do you need workers?”

But the group too often returns in disappointment, wondering again when they might get their next meal, and if they will even have a roof over their head that night. Beds generally cost between 25 yuan (US$3.45) and 30 yuan a night.

“A job comes by only every few days, and a group of people rush to seize it,” Wang, originally from the central province of Henan, said from Majuqiao, once the capital city’s largest labour service market, where employment agencies and recruiters shout out menial job offerings on the street, paying usually about 100 yuan (US$13.80) or so a day.

“I am willing to work any kind of odd job, but I haven’t had any luck in four days. Ninety per cent of the people here are like me. No one can make money here; being able to fill my stomach would be the most beautiful thing ever.”

People like Wang can only wander the streets at night, finding vacant places to sleep wherever they can, changing locations several times a night to areas without people – safer areas with less chance of unwanted interactions.

The current need for migrant workers may serve as a barometer for the recovery of China’s economic activities, which has gradually lost steam amid a property slump, dwindling export demand holding back China’s manufacturing sector, and dampened confidence among consumers and investors.

China’s factory activities contracted for a third straight month in June, further putting pressure on the world’s largest exporter of goods.

“The most direct reason is there aren’t jobs that suit them, as Beijing is relieved of functions non-essential to its role as China’s capital, many labour-intensive industries have moved out of Beijing, and the labour opportunities have left with them,” said Yuan Xin, a demography professor at Nankai University in Tianjin.

Beijing has been pushing for the removal of “non-essential institutions” from China’s capital to the Xiongan New Area in neighbouring Hebei province. And many lower-end manufacturing businesses have taken the brunt, slashing the need for migrant workers without technical skills.

“We are even worse off than beggars,” Wang added. “Beggars can ask for help, while we are too ashamed, and many resort to rummaging through garbage bins to survive.”

China had around 296 million migrant workers at the end of 2022, and in the first quarter of this year, their average monthly income dropped to 4,504 yuan, from a monthly average of 4,615 yuan last year, according to official statistics.

In quantifiable terms, that lost income could represent three more nights that a migrant worker spends on the streets every month, in situations comparable to Wang’s.

But the data can hardly depict the bleakness of work prospects for the older generations of migrants, who are often too old to be office-building security guards, electronics factory workers, or perhaps amusement park staff. And they’re often rejected outright for jobs that necessitate fast learning, or when a company wants staff to appear younger.

And for many migrant workers, almost exclusively rural residents, there is no end in sight to their work, as they will not be able to retire, due to a lack of savings and limited pension coverage.

No one wants to go home without having made money. Who wouldn’t want to return home with glory and triumph? Wang Ke, migrant jobseeker

Despite bleak economic growth and sluggish factory activities last year due to China’s draconian zero-Covid measures, the conditions gave rise to a surge in demand for temporary workers, including security guards, workers for Covid testing booths, and delivery workers – all of which paid relatively well, sometimes more than 10,000 yuan a month, enabling migrant workers to cash in.

“As soon as the pandemic [control measures] ended, it became difficult to find jobs,” said another migrant worker, in his forties, who declined to be identified. It had been two weeks since he found work.

“Loading work pays 150 yuan for 12 hours, and you have to bring your own meals. Even some big enterprises pay less than Beijing’s minimum wage,” which is just over 25 yuan an hour.

Before the pandemic, Wang worked in Zhejiang province and owned his own business, was a sales manager at China Mobile, and led a large team of security guards.

After nationwide restrictions were lifted, Wang decided to test his luck in Beijing. And he’s not ready to throw in the towel yet.

“No one wants to go home without having made money. Who wouldn’t want to return home with glory and triumph? ‘Until one arrives in Beijing, one does not realise the insignificance of their position,’ I want to check it out,” he said.

Meanwhile, younger temporary workers – mostly students working summer holidays – have more opportunities. But this year, as the number of youth seeking odd jobs has increased, the monthly wage has shrunk in Beijing.

“This year there are more students looking for jobs, as last year they were all locked down at home,” said a recruiting agent for youthful temporary workers, surnamed Li, whose company is near Majuqiao.

Because students can work for such short periods – often just a handful of weeks – they have less leverage to negotiate and are often paid less.

Li said the monthly compensation for stage construction workers is about 3,500 yuan this year, including bed and board, for 12 hours a day, 30 days a month, with no breaks. That’s down from the 3,800 yuan monthly average last year.

That sort of difference could equate to not sleeping in a bed nine times a month.

Further illustrating the rising struggle among jobseekers, particularly young adults, is the youth unemployment rate, which has lately been setting record highs on a monthly basis.

The jobless rate in the 16-24 age group has been on an upward trajectory since 2020 and is expected to rise further in July and August, as a record 11.58 million university graduates are set to leave campus and flood the job market this year, posing a challenge to Beijing’s post-coronavirus recovery efforts.

Factories offer about 15 to 17 yuan per hour for [temporary workers this year], down from last year’s 18 to 20 yuan Recruitment agent, Guangdong province

In May, the jobless rate among that younger demographic hit a record of 20.8 per cent, up from the previous high of 20.4 per cent in April.

The overall urban surveyed jobless rate in May, however, remained unchanged from April at 5.2 per cent. June’s figures should be released in a couple of weeks.

In the manufacturing hubs of southern China, demand for such young workers also remains ample, but incomes have declined compared with last year, due to a reduction in the overtime working hours at small and medium-sized enterprises.

“Factories offer about 15 to 17 yuan per hour for [temporary workers this year], down from last year’s 18 to 20 yuan,” according to a recruitment agent in Guangdong surnamed Li, who declined to give her full name.

While exporting manufacturers cut full-time workers and hire more temporary workers instead, to save operating costs, the cost of living expenses have barely changed, including food and accommodation.

“The main labour force in my factory is now mainly temporary workers. I pay them about 260 yuan a day for over 12 hours of work,” said Wang Jie, a manufacturer of parts for boots and shoes, in Guangdong’s Dongguan city.

He said that to save costs, he had cut most of his full-time workers to less than 20, down about two-thirds from last year,

“Before the epidemic, we used to be paid 7,000 yuan [a month] or more in peak seasons [for at least 60 hours per week], but now we make about 5,000 yuan, including a free meal,” said a worker at a listed electrical company in Guangzhou.

She also talked about how factories in migrant workers’ hinterland hometowns are seeing longer off-season stretches, making them hard to rely on for a living, which drives workers elsewhere, with wide-reaching economic implications.

“We all cherish the stable employment, especially when we hear that more and more SMEs nearby are cutting jobs,” she said.

Elsewhere, in eastern China’s Zhejiang province, sources say factories are finding it much easier to recruit temporary workers this year – even in the last couple of months as the year has gone on, and workers are generally more reluctant to leave a job midyear.

Lu Zhou, an operations director at an original equipment manufacturer (OEM) factory in eastern China’s Jiangsu province, expressed a similar assessment in his province.

In May or June of previous years, most labourers worked for fixed factories in Jiangsu, and it was very difficult to recruit workers at this time, but this year it’s been easy, he said.

“The labour cost … is about 8,000 yuan per worker. Workers can get about 5,000 yuan a month, working at least 60 hours a week, after the social security contribution,” Lu said. “One obvious change is that this year’s social security contributions [such as social insurance and taxes] have risen again.

“Many workers are reluctant to pay [into social security], and that feeling is stronger now than in previous years. Many workers probably expect that social welfare will become inadequate in a future ageing society.”

[chemanalyst]

Melamine Market is Expected to Grow at a CAGR of 3.87% during the forecast period until 2032

The melamine market has witnessed remarkable growth and diversification in recent years, propelled by a myriad of factors shaping the global landscape. Melamine, a nitrogen-rich organic compound, finds extensive applications across various industries, including construction, automotive, textiles, packaging, and food service. Its unique properties, such as high flame resistance, thermal stability, durability, and chemical inertness, have made melamine a versatile and indispensable material in numerous manufacturing processes and end-use applications.

One of the primary drivers of the melamine market is the increasing demand from the construction industry. Melamine-based products, such as melamine formaldehyde resins and melamine foam insulation, are widely used in construction applications such as laminates, decorative panels, flooring, countertops, and insulation materials. With rapid urbanization, infrastructure development, and construction activities on the rise globally, the demand for melamine-based construction materials is expected to surge.

Read Full Report: https://www.chemanalyst.com/industry-report/melamine-market-812

Moreover, the automotive sector represents another significant market for melamine, driven by the increasing demand for lightweight, durable, and aesthetically appealing materials. Melamine-based components, such as automotive interior trim, dashboard panels, door panels, and decorative parts, offer excellent properties such as scratch resistance, color stability, and surface finish, thereby enhancing the overall aesthetics and functionality of vehicles. As automotive manufacturers focus on improving fuel efficiency, reducing emissions, and enhancing passenger comfort and safety, the demand for melamine-based automotive materials is projected to grow substantially.

Furthermore, the textiles industry presents lucrative opportunities for the melamine market, particularly in the manufacturing of melamine-formaldehyde resins for textile finishing and coating applications. Melamine resins impart crease resistance, wrinkle resistance, and color fastness to textiles, thereby enhancing their durability, appearance, and performance. With the growing demand for high-quality textiles, home furnishings, and apparel, the demand for melamine-based textile additives is expected to increase.

Additionally, the packaging industry represents a significant market for melamine, driven by the rising demand for lightweight, durable, and eco-friendly packaging materials. Melamine-based products, such as melamine-formaldehyde resins and melamine foam packaging, offer excellent properties such as thermal insulation, moisture resistance, and shock absorption, making them ideal for packaging applications such as food packaging, electronics packaging, and industrial packaging. As consumers increasingly prioritize sustainability, recyclability, and environmental friendliness, the demand for melamine-based packaging solutions is expected to grow.

Despite the promising outlook, the melamine market faces challenges and constraints, including fluctuating raw material prices, regulatory compliance issues, and environmental concerns related to formaldehyde emissions. However, industry stakeholders are actively addressing these challenges through initiatives focused on product innovation, sustainability, and regulatory compliance. Moreover, strategic partnerships, mergers, and acquisitions are driving consolidation and market expansion in the melamine industry.

In conclusion, the melamine market is poised for continued growth and innovation, driven by its versatile applications, inherent properties, and compatibility with evolving market trends. By leveraging its strengths in construction, automotive, textiles, packaging, and other sectors, the melamine market can navigate towards a more sustainable and prosperous future, ensuring its relevance and competitiveness in the global marketplace.

About us:

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

Contact us:

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Email-id: sales@chemanalyst.com

Mobile no: +1-3322586602

[iriequipment]

Complete Manual on Hanging Scaffold Systems or Suspended Rope Platforms for plastering

In the realm of construction and maintenance tasks, there’s a stalwart ally that stands tall, quite literally. The Suspended Rope Platform (SRP), often recognized as a gondola or working platform, has become an indispensable tool for a spectrum of vertical endeavors. Specifically, in India, these platforms have etched their place firmly in various industries, revolutionizing the way projects are undertaken.

Evolution of Rope Suspended Platforms

Initially embraced primarily by major facade contractors, the trajectory of SRPs has undergone a significant shift. Over the past three years, a seismic shift has been witnessed, with the paint industry, spanning from manufacturers to applicators, showing an avid interest. This surge in demand has propelled manufacturers of these platforms to the forefront, dominating the market for close to a decade.

The utilization of Suspended Rope Platform isn’t confined to a singular purpose. From external wall plastering, painting high-rise structures, installing glass facades to the maintenance of expansive external surfaces, the applications are diverse and extensive. Even in scenarios necessitating alterations or demolition of buildings, these platforms emerge as indispensable temporary structures.

The Rise of Rope Suspended Platforms

What sets SRPs apart is their ascendance as the preferred mode of access across construction sites. Traditionally, scaffolding held sway, but the inherent advantages of SRPs, including efficiency and versatility, have prompted their ubiquitous presence in the construction landscape.

Quality and Innovation

Platforms like the hanging rope platform hoists from Jaypee India epitomize excellence, constructed meticulously using premium materials such as stainless steel and aluminum. The emphasis on stringent quality control ensures adherence to specified durability and reliability standards, ensuring that only the finest products reach customers.

Moreover, manufacturers of SRPs have undertaken a trajectory of innovation. Varied versions of these platforms cater to diverse job site specifications. Engineers have meticulously designed these platforms, integrating multiple safety measures to mitigate the inherent risks associated with erecting and maintaining tall structures.

Safety Features and Engineering Excellence

Safety stands paramount in the realm of suspended platforms. Manufacturers have embedded an array of safety features into their products to ensure secure operations:

Rope Failure Prevention: Incorporating locks to prevent tilting due to rope failure.

Advanced Technology: Integration of sophisticated mechanical and control electronics.

Quality Wire Ropes: Utilization of high-grade steel wire ropes to guarantee robustness.

Optional Overload Sensing: Offering the option for sensing overload, further enhancing safety.

Cable Locking Angle: Ensuring a secure cable locking angle of 3–8 degrees.

Superior Suspension Systems: Technologically superior suspension systems enhancing stability.

Durability: A testament to longevity, these platforms are engineered to withstand prolonged usage without succumbing to wear and tear.

Sturdy Construction: With a solid construction, these platforms exude reliability and stability.

Energy Efficiency: Notably, the energy requirements for operating these platforms are considerably lower compared to alternative access systems.

Proficient Management and Operations

One defining aspect of the Suspended Rope Platform (SRP),landscape in India is the involvement of extensively trained professionals overseeing the operation and maintenance of these platforms. Amidst a competitive market, manufacturers differentiate themselves by providing top-tier suspended platform services. These adept specialists, well-versed in every facet of access equipment, ensure superior maintenance and repair services right on the job site. From initial setup to operationalizing the platform, these professionals handle it all with finesse and expertise.

In conclusion, the evolution of suspended rope platforms for plastering and other vertical endeavors has heralded a paradigm shift in the construction and maintenance landscape. With an emphasis on safety, innovation, and efficiency, these platforms have become the linchpin in accessing vertical spaces, promising durability, reliability, and optimal performance. As the industry continues to evolve, these platforms are poised to remain at the vanguard, catering to the ever-expanding demands of vertical construction and maintenance tasks.

[bioserene]

“Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do, or don’t do it.” – Mark Cuban (Entrepreneur)

Putting the consumer first in all you do as a business and prioritizing their satisfaction over short-term gains. You stay in close contact with your clients' needs and develop items to meet their needs.

When designing a product, we must evaluate our consumer groups. Who is our target market? Given that our product is a portable cooling system that uses solar power energy, it is suitable for travelers, hot climate regions, eco-conscious customers, single renter customers, and boarding students who want to keep leftover goods to avoid rotting.

We employed marketing and advertising, an online e-commerce platform, and a physical store as business platforms. Building the customer relationship involves providing individualized online/phone support, maintenance services, and—most importantly—putting the needs of the customer first in everything you do as a business. By putting the needs of the customer ahead of short-term profit, you can stay in close contact with your clients' needs and create products that cater to them. We will also provide a guarantee and a free demonstration of how to utilize our product; we will test its temperature, power, and durability during the demo to pique our customer's curiosity.

For the key activities, we can partner with a manufacturer who will surely give us quality and durable materials, which will lessen our work and also allow us to possibly get a discount for a bundle of items, then our marketing and advertisements can be done through an online platform, and we can partner with any known company to endorse our product to increase customer engagement, such as trusted company like Citi hardware, Cooling System and Aircon Electronics.

For the total expenses, we break down the amount of each item used to build the product, such as the solar panel, 23x36cm, plastic and steel, temperature regulator, wire, ac plug, bag, and shipping fee, which would total 2,624.67php, and the cost of the product would be 3,899php, with a profit gain of 1274.33 for each product purchased.

I must emphasize that in selecting our consumer target, as a producer, you must create a significant influence on the market in order to be trusted and maintain the growth of your firm. After winning their trust, you can innovate more items that may be useful to the masses and widen your target market so that the company can grow and acquire access to more manufacturers and distributors over time.

The journey of an entrepreneur will never be easy: there will be moments when one must face failure in order to learn and relearn from experience; because life is full of gambles, we often overlook the fact that it takes sacrifice to obtain abundance and prosperity. "The biggest risk is not taking any risk… In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks." - Mark Zuckerberg, CEO of Facebook.

[agileregulatory]

BIS (Bureau of Indian Standards) certification is a mandatory quality and safety certification process in India that ensures products conform to specific standards and regulations set by the BIS. This certification is designed to guarantee that various products, ranging from electronics and appliances to industrial goods and food products, meet the established quality, performance, and reliability requirements. Manufacturers are required to obtain a BIS license, adhere to BIS standards, and label their products with the BIS mark, signifying compliance. BIS certification plays a critical role in consumer protection, product safety, and the promotion of quality standards within the Indian market, both for domestically manufactured and imported goods.

https://www.agileregulatory.com/service/bis-certification

[loomsolarblog]

How to install a inverter battery?

Inverter batteries have a small amount of current consistent for a long time period. Lithium batteries are the best batteries for inverters. These are low-maintenance and the self-discharge is also less. Installing lithium batteries is the source to store electricity for later use. These batteries are mostly used for commercial, residential, and industrial areas. Installing a lithium inverter battery is a task that requires careful planning and execution to guarantee safety and optimal performance. Here are the general moves toward installing a lithium inverter battery.

What is Inverter Battery?

A lithium inverter battery, referred to as a lithium-ion battery for inverters, is a kind of rechargeable battery that is specifically designed for use in conjunction with inverters. Inverters are gadgets that convert Direct current (DC) electricity into alternating current (AC) electricity, which is used in household appliances and electronics use. These inverters are normally utilized in off-grid solar power systems, backup power systems, and uninterruptible power supply (UPS) systems. Lithium-ion batteries offer long life, quick battery charging, maintenance-free operation, and consistent backup.

How To Install A Lithium Inverter Battery?

When installing a lithium battery you need to follow the guidelines. Let us understand the guidelines on how to install an inverter battery:

Firstly, choose the right space or location to install the inverter battery. The location or space should be ventilated and dry. It should be installed at a location that should be out of reach for the children.

Next, Mount the inverter on the wall. Make sure that the wall has enough space to install the inverter power distribution box and ACDB. These inverters can be installed on walls and also on plywood. During the installation, the inverter and other accessories should be aligned carefully to avoid taking too long.

Now, Install the battery. Firstly, you should install ACDB near the inverter less than 2 meters distance. Then, install earthing. The next step is wiring. The wiring should be done properly like ACDB should be connected to Inverter properly. The battery should be connected to the Inverter properly. ACDB should be connected to the Main Distribution Box. Earthing should be connected to ACDB and the Inverter connected to the Load. Every wiring should be done accordingly so that the inverter does not get destroyed.

Conclusion:

I hope this article helped you to install the inverter battery. This guide is designed uniquely for electricians, service engineers, influencers, sales & marketing, and home & business owners who are planning to install the inverter battery at their businesses, homes, and buildings. To know more about inverter battery installation you should consult the best lithium battery manufacturers.

[howieabel]

'Part of the reason for turning inward was a particular interpretation of history. The belief that richer countries were successful because they protected manufacturing gave respectability to industrial policy. That turned out to be a misreading of history. Despite high tariffs, the United States developed as an open economy—open to immigration, capital, and technology—and one with an exceptionally large domestic market that was fiercely competitive. Furthermore, the high-tariff United States overtook free-trade Britain in per capita income in the late 19th century by increasing labor productivity in the service sector, not by raising productivity in the manufacturing sector (Broadberry 1998). In Western Europe, growth was related to the shifting of resources out of agriculture and into industry and services. Trade policies designed to protect agriculture from low prices likely slowed this transition in countries such as Germany. While across-the-board import substitution fell out of favor decades ago, the debate over industrial policy continues to this day. The experience of successful East Asian countries has given it a positive gloss, but even here standard history can mislead.

In 1960, South Korea was saddled with an overvalued currency and exports of just 1 percent of GDP. The country’s ability to import depended almost entirely on US aid. After devaluing its currency in the early and mid-1960s, Korea’s exports became more competitive and exploded, reaching 20 percent of GDP by the early 1970s. The main policy involved setting a realistic exchange rate that allowed exports to flourish along with cheaper credit for all exporters, not targeted industries (Irwin 2021). Industrial policy did not really start until the Heavy and Chemical Industry Drive of 1973–79, which was later terminated because of its excessive costs and inefficiency. But Korea’s rapid growth had already been unleashed before the industrial policy era. The debate over industrial policy has long been locked in a stalemate. Some see it as essential to productivity growth and structural transformation, while others see it as abetting corruption and fostering inefficiency. Some point to Argentina’s costly attempt to promote the assembly of electronics in Tierra del Fuego, while others point to gleaming high-tech factories in China and Korea. The effects are easy to exaggerate. Quantitative models suggest that the gains from even optimally designed industrial policies are small and unlikely to be transformative (Bartelme and others 2021). What is new is that the United States has joined China in an explicit embrace of industrial policies.'

Douglas Irwin for IMF