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Why Tape Storage Is Seeing a Renaissance in the Modern IT Environment | Rahi
Why Tape Storage Is Seeing a Renaissance in the Modern IT Environment
Despite repeated predictions of its impending demise, tape storage remains a remarkably healthy technology. In fact, industry analysts expect exponential increases in the tape storage market due to emerging use cases as well as the need for low-cost, high-capacity data archival.
Continued improvements performance, capacity, and reliability have allowed tape to transcend its traditional role as a backup and archival medium. Today, tape is effectively addressing many new data-intensive market opportunities, including:
Internet of Things (IoT) applications. Machine-generated data is far outpacing the human-produced information thanks to growing numbers of IoT devices. Organizations are using tape storage for long-term management and analysis of IoT data.
Cloud environments. Believe it or not, many cloud providers use tape for economical cold storage of data. Tape supports the cloud model for consistency, efficiency and low cost.
Many laboratories are leveraging tape to handle the massive scale of research data while reducing storage costs by as much as 99 percent.
Media and entertainment. The media and entertainment industry, which must store huge volumes of data that never changes, has long been a primary market for tape storage.
Video surveillance. Many organizations are retaining video surveillance data for longer periods to meet business, legal and regulatory requirements. Tape provides a cost-efficient medium for the data generated by today’s high-definition video surveillance systems.
With the rise of ransomware attacks, cybersecurity has become an additional element of tape’s appeal. In a Barkly survey of ransomware attack victims, 58 percent said they were unable to successfully recover all their files because the disk drives used for backup had also been encrypted by malware. Unlike backup storage that is always online and potentially vulnerable, a tape cartridge creates an “air gap” defense because it’s physically disconnected from the network.
The introduction of eighth generation LTO technology in late 2017 has helped to boost tape’s popularity. LTO-8 cartridges have double the capacity of the previous generation, with 30TB of compressed storage capacity and 12TB of uncompressed capacity. LTO-8 also offers sustained data transfer rates of 750MBps for compressed data and 360MBps for uncompressed data.
As with the previous generation, LTO-8 supports partitioning, hardware-based AES 256-bit data encryption, and write once, read many (WORM) technology. This makes LTO particularly appealing to the healthcare, financial and legal sectors that must not only meet strict data retention requirements but be able to prove that the information has not been altered.
Longevity remains one of tape’s primary benefits. Manufacturers’ specifications indicate that LTO tape a has a lifespan of 30 years or more, with the average tape drive lasting nearly 10 years. By comparison, the average disk lasts only about four years.
Tape also delivers highly favourable economics, particularly when factoring in energy and footprint costs. A study by Enterprise Strategy Group found that the total cost of ownership (TCO) of a low-cost SATA disk system was 15 times higher than that of an LTO system. And tape drives don’t constantly consume power like spinning disks do.
Tape storage is far from dead — in fact, it’s seeing a renaissance in the modern IT environment. As a leading Systems Integrator Company let Rahi show you how LTO-8 tape solutions deliver the capacity, performance and cost-efficiency to support your data-intensive use cases.
Author – Rahi
Rahi is a Global IT Solutions Provider and Systems Integrator Company. We are uniquely capable of combining data center, IT, and audio/video solutions to create an integrated environment that drives efficiencies, enhances customer service, and creates competitive advantages. We offer a full suite of products in physical infrastructure, storage, compute, networking, power and cooling, and audio/video. Also, Rahi offers professional and managed services to aid customers in logistics, delivery, set-up, and ongoing support of their technology solutions.
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Battery Recycling Market Estimated to Experience a Hike in Growth by 2030
The global battery recycling market size is projected to be worth USD 34.77 billion by 2030, registering a CAGR of 5.35% during the forecast period (2022 - 2030), The market was valued at USD 18.14 billion in 2021. MRFR’s report on the battery recycling market highlights trends and opportunities for companies looking to cut costs and pursue sustainable production methods during the forecast period (2020-2027). The COVID-19 pandemic and its implications are explored in depth in the market.
Market Scope
The global battery recycling market is fueled by efforts made by governments in curing emission levels and reducing reliance on fossil fuels as a energy source. Stringent government regulations over disposal of batteries, dipping prices of batteries, and establishment of recycling units can propel market growth. Shift to electric vehicles and inclination towards lithium-ion batteries can augur favorably for the market.
But fluctuating prices of raw materials may hamper market growth.
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COVID-19 Impact Analysis
The COVID-19 pandemic has negatively affected the battery recycling market owing to delays in supply of raw materials and scarce demand for batteries. Labor shortages, unavailability of raw materials, and delays in trade can hamper market growth.
Segmentation Analysis
Lead-acid Batteries to Lead in Global Market Share
Lead-acid batteries can capture a huge market share owing to its reliability, efficiency, and wide scope of applications. Its recyclable nature can be a plus for the battery recycling market over the forecast period.
Automotive Batteries to be Biggest Source for Global Market
Automotive batteries can lead the market demand owing to shift to electric engines from conventional ICE engines by manufacturers and increasing procurement of electric vehicles. Rapid urbanization and large strides in batteries can drive segment growth during the assessment period.
Regional Analysis
APAC to Capture Major Market Shares
Asia-Pacific (APAC) is expected to capture a major share of the battery recycling market owing to demand for electric vehicles and smart devices. Establishment of charging infrastructure and environmental regulations for curbing carbon emissions can drive regional market growth. China, India, and Japan can contribute to regional demand due to demand from the automotive sector.
Competitive Analysis
Gopher Resource LLC (US), Retriev Technologies Inc. (US), Teck Resources Limited (Canada), Fortum Oyj (Finland), Battery Solutions, LLC (US), RSR Corporation (US), Exide Technologies (US), GEM Co., Ltd. (China), Gravita India Limited (India), East Penn Manufacturing Company, Inc. (US), Raw Materials Company Inc. (RMC) (Canada), COM2 Recycling Solutions (US), Contemporary Amperex Technology Co. Ltd. (CATL) (China), EnerSys (US), The Doe Run Company (US), American Manganese Inc. (Canada), Neometals Ltd (Australia), ECOBAT Logistics (UK), TES-AMM Singapore Pte Ltd (Singapore), Johnson Controls International plc (US), Aqua Metals, Inc. (US), Exide Industries Ltd. (India), Call2Recycle, Inc. (US), Glencore International AG (Switzerland), Terrapure Environmental (Canada), and Umicore (Belgium) are key players in the global battery recycling market. Acquisitions are the main gameplay of players looking to sustain their position.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/battery-recycling-market-10020
Industry News
Koch Industries has invested USD 100 million in Li-Cycle, a North America battery recycling company, to scale its operations in the U.S.
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Aerospace Maintenance Chemicals Market - Analysis, Share, Growth, Trends, Company Profiles and Forecast 2024
According to the latest report by Market Research Future (MRFR), Global Aerospace Maintenance Chemicals Market is expected to acquire a significant valuation at a striking CAGR over the forecast period.
The growth of the market for Aerospace Maintenance Chemicals is expected to be driven by the rise in the stringent regulations by government agencies across the globe regarding safety and environmental concerns. The growing complication of airframes, engines, and systems, is consequential in the augmented need for maintenance, repair, and overhaul (MRO) of aircraft, which include composite repair, engine maintenance, routine inspection, and thus, increasing the demand in the Global Aerospace Maintenance Chemicals Market over the forecast period. The massive need for MROs is consequently is fuelling market growth. Growing air traffic, along with the increasing number of air trips per day, is further driving market growth. The growing commercial aviation sector, coupled with the growing number of people traveling by air is resulting in lesser prices, is driving the Global Aerospace Maintenance Chemicals Market. Additionally, increasing research and development investments in the commercial aviation sector by chief market players such as Airbus and Boeing are likely to enhance market growth.
Key Players:
The Leading Market Players identified in the Global Aerospace Maintenance Chemicals Market are 3M (U.S.), Aerochemicals (France), Arrow Solutions (England), Henkel AG & Co., KGaA (Germany), Aviation Chemical Solutions (U.S.), Exxon Mobil Corporation (U.S.), Callington Haven Pty Ltd. (Australia), Hansair Logistics Inc. (U.S.), Florida Chemical Supply, Inc. (U.S.), Eastman Chemical Company (U.S.), Nexeo Solutions (U.S.), KLX Inc. (U.S.), Krayden, Inc.(U.S.), Royal Dutch Shell (Netherlands).
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Segmental Analysis:
The Global Market for Aerospace Maintenance Chemicals has been segmented by Nature, Product, Application, Aircraft, and Region.
Based on Nature, the market for Aerospace Maintenance Chemicals has been segregated into organic and inorganic.
On the basis of Product, the Aerospace Maintenance Chemicals Market has been segmented into aircraft leather cleaners, aircraft cleaning chemicals, aviation paint removers, aviation paint strippers, aircraft wash and polishes, aluminum brighteners, degreasers, specialty solvents, and others.
The Applications of the Aerospace Maintenance Chemicals in the market are for aircraft parts and MRO.
The various forms of Aircraft in the Aerospace Maintenance Chemicals Market are business, commercial, general, helicopter, military, spacecraft, and others.
Regional Analysis:
North America has been accounted for the largest market share of the Aerospace Maintenance Chemicals Market owing to the growing aerospace industry in the region. The U.S. and Canada are the major providers of Aerospace Maintenance Chemicals Worldwide as a result of the augmented production of aircraft in the region. Furthermore, increasing investments in defense aircraft to reinforce the nation’s military proficiency is also likely to propel market growth over the review period.
Browse Key Industry Insights spread across 100 pages with 58 market data tables & 15 figures & charts from the report, “Aerospace Maintenance Chemicals Market Information: By Grade (Food, Pharmaceutical, Cosmetic), Application (Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Agriculture/Animal Feed) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2024” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/aerospace-maintenance-chemicals-market-6205
Europe is a significant market for Aerospace Maintenance Chemicals and is likely to retain its leading market share over the forecast period. This is credited to the presence of crucial market players in the region, especially in the aerospace & defense industry. The consumption of the product has risen significantly in the UK, which is a major contributor to the market share in the region over the review period.
The Asia Pacific region is the fastest-growing region in the Global Aerospace Maintenance Chemicals Market owing to the augmented demand for passenger aircraft in the emerging economies such as China, India, and Thailand. Additionally, the thriving tourism industry is expected to fuel the market growth in the region over the evaluation period.
The Latin American market for Aerospace Maintenance Chemicals is expected to witness considerable growth over the assessment period. This is attributed to the growing aerospace industry in emerging economies such as Brazil, which is one of the largest manufacturers of commercial aircraft in the region, resulting in market growth during the forecast period.
The Middle East & Africa region is expected to witness substantial growth during the review period owing to the growing aviation industry in Oman, and Saudi Arabia, and the United Arab Emirates (UAE).
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Related Chemicals and Materials Market Research Report @ https://www.marketresearchfuture.com/categories/chemicals-market-report
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11 Major Container Terminal Operators In The World
Container ports (also referred to as container terminals) are specialized maritime port facilities that primarily deal in container shipping and transhipment services.
Terminals play a very important role in the global logistics and supply chain industry, as they dictate the rate at which commerce and trade can take place. Efficient and streamlined terminals function smoothly, thereby reducing the waiting time for ships and increasing the cargo output.
Most shipping ports these days have dedicated container terminals to handle incoming containers. They are located within the port premises, but away from where passenger and cruise terminals are situated.
Container terminals are so important that the international metric to measuring the efficiency and ranking of a general port is through the volume and quantity of containers that go through. This metric is determined through TEU shipment volumes, where TEU stands for a Twenty-foot Equivalent Unit.
A standard twenty-foot container is chosen as the international unit for measuring the volume and cargo within a container. Thus, a container measuring forty foot in length would be classified as 2 x 20-foot containers, making it 2 TEUs.
Related Read : A Guide to Shipping Container Dimensions
From this metric, the top three busiest ports across the globe are the Port of Shanghai, the Port of Singapore, and the Port of Shenzhen in China.
However, the work of loading, unloading, and dealing with transshipments are not solely the duty of the ports. They merely provide space and facilities for other organizations and companies to deal with the actual container operations. This improves the finances of a region by inviting foreign and private firms to participate in port operations.
Thus, terminal operators play a major role in how the port functions. Efficient terminals are key to the success of a port and will net the parent company more tenders and bids. This allows them to expand and grow their global operations.
Related Reading : Top 10 Busiest Ports In The World
Various port authorities and managing organizations contract terminal operators to meet minimum container shipment standards. Due to this, many terminal operators have bought stakes in major global ports in an effort to incentivize their productivity.
In this article, the top 11 container terminal operators have been listed out.
They are not in any particular order, as the international rankings and positions continually change based on various maritime and economic parameters.
For the past several years, the top spot has regularly alternated between COSCO (China), PSA International (Singapore), and Hutchison Holdings (China).
Dubai Ports World (DPW) is a new player in this field but has quickly risen to the third-ranking in the international list owing to its several acquisitions ad large trade volume.
The list has been compiled on the basis of the total container tonnage and traffic moving through all the operator terminals as per the latest public records released by each company.
Major Container Terminal Operators in the World:
1. PSA International Singapore
Founded in 1964, PSA International based out of Singapore is a global leader when it comes to terminal operations. It has major container hubs spread across the globe through the operations of two nodal centres- PSA Singapore and PSA Antwerp.
It is a subsidiary of Temasek Holdings under the Government of Singapore. The company has now diversified into providing auxiliary maritime services through the PSA Marine division. The company began its global expansion with port interests in China, and now operates terminals all over the globe. It has been lauded for utilizing state of the art facilities in its various terminals.
PSA owns over 25 ports across regions such as Asia, the Middle East, and Europe and has investments in ports in countries such as Belgium India, Italy, Netherlands, Japan, and Panama.
2. Hutchison Port Holdings (HPH) Hong Kong, People’s Republic of China
HPH has routinely topped the list of top port terminal operators ever since it expanded worldwide in 1991. Based and managed out of Hong Kong, China, it currently operates nearly 300 berths across several important ports around the world. It is a subsidiary under the CK Hutchison Holdings group and has operations in 48 various ports.
Their terminals are spread across prominent shipping routes including Asia, Europe, Africa, the Middle East, and the Americas. Their port interests include some of the top ports around the world such as the Port of Barcelona, Port of Buenos Aires, Port of Busan, and the Thames Port of London. Interestingly, PSA International has bought a minority 20% stake in HPH in a global expansion effort.
3. Dubai Ports World (DPW) Dubai, United Arab Emirates
Registered as a multinational company specializing in logistics, DPW has rapidly made its mark on the global terminal industry. Its terminals handle and process nearly 10% of all global container trade and is a major player in Asia, Europe, and the Americas.
It initially held significant port ownership in the US, prior to shifting its focus on to other regions. It now has interests in Africa, the Asia Pacific region, and Australia.
It operates over 40 terminals across 22 nations and operates through 2 home terminals- the Port of Jebel Ali and Port Rashid. It has grown in size since inception owing to aggressive mergers and acquisitions including CSX World Terminals and P&O Terminals.
The company is a subsidiary of Dubai World and has many agreements with sister concerns to improve customer experiences. DPW also has other interests including managing free trade zones, auxiliary maritime services, counter-piracy measures, and supply chain security. It also actively takes part in expansion efforts to further its interests in other domains. The main strategy applied by DPW is to consolidate ports in regions with an already established trade presence.
4. AP Møller Terminals The Hague, Netherlands
Owned by the Maersk Group operating out of the Netherlands, APM Terminals is a global name in the port industry. It operates 74 ports in 58 countries. With several projects currently ongoing, APM is a leader in port operations.
It has strong relations with the other sister companies that operate under the Maersk group, allowing it to expand globally. It also provides numerous services for global shipping lines through ventures such as Terminal and Inland Services Network and the Global Ports. It provides services to over 60 lines and has several port interests in the US under the SeaLand M&A.
APM has been hailed as an innovator in the field of shipping and terminals with several projects underway to automate their ports. Several key ports have already received this technology. It also aims to reduce its overall carbon and emission by 2050 alongside many of the other Maersk interests.
5. China Ocean Shipping Company (COSCO) Beijing, People’s Republic of China
Operated under the COSCO Group, COSCO Shipping Ports Ltd. is a major player in the global ports and terminal field. It merged with the China Shipping Group in 2016 and undertook further expansion. It owns and operates over a thousand vessels that call at thousands of ports around the globe. It has the third-largest group of container ships in the commercial sector and is one of the leading Chinese companies dealing in shipping. It operates terminals in several countries in Asia and the Americas with designated divisions to handle each of the regions.
The COSCO Shipping Ports division deals with handling container cargo arriving at its terminals on a daily basis. It also has operations out of Hong Kong, Shanghai, Shenzhen, Singapore, and Japan that caters to shipping in their respective regions. The company also deals in shipbuilding, repair, maintenance, freight handling, and other auxiliary services. It has numerous interests in other domains including the trade, finance, container handling, real estate, and IT sector. COSCO has taken part in several major mergers and acquisitions in an effort to consolidate its position as a top terminal operator.
6. China Merchants Port Holdings Company People’s Republic of China
The China Merchants Ports is a major terminal operator and shipping firm that has its headquarters in Hong Kong, China. It has numerous interests in the maritime sector including port management, terminal operation, cargo transportation, logistics, and supply chain management. It is also invested in the air cargo and paint production sectors.
It operates primarily in and around China and has bases in several prominent locations. It operates from the ports of Qingdao, Tianjin, Shanghai, Ningbo Zhoushan, and Shenzhen, which are all classified as the busiest and largest ports in the world. It has operations in the Pearly River Delta that witnesses container traffic from all over the world due to its proximity to several important Straits and the Indian and Pacific Oceans. This company makes it to our top terminals list due to the large stake it has in the Chinese port sector and the large trade volume that passes through it on a daily basis.
7. Terminal Investment Limited (TIL) Geneva, Switzerland
Having completed nearly 2 decades in the terminal industry, TIL is one of the largest port management and terminal operation companies with bases and services all around the world. It currently has 37 operating terminals and a further 2 in development.
TIL primarily services ships owned and operated by the Mediterranean Shipping Company (MSC). Its services include berth securing, terminal management, and other auxiliary functions. It also takes on other companies for terminal management on a contractual basis.
TIL’s terminals are located in geographically important regions that witnesses a large influx and outflow of container vessels. It operates in several transshipment hubs in the Middle East, Europe, Asia, Africa, and the Americas. It also operates in several key ports and services major shipping routes and lines. These reasons make it a fast-growing company with the potential for further global expansion.
8. International Container Terminal Services Inc. (ICTSI) Manila, Philippines
ICTSI is a port management firm based out of the Philippines that has been involved in the terminal and port operations industry for over 30 years. It has bases in 18 different countries and operates 18 terminals in Europe, the Americas, the Middle East, Africa, and the Asia Pacific regions.
It deals with up to 3 million TEUs annually in addition to processing other types of bulk and loose cargo. It operates numerous terminals within its home base in the Philippines and has began large scale global expansion. Outside this base, it primarily services ports in South America and Africa. It is considered to be one of the leading port terminal operators due to the rapid development and increasing global presence.
9. Eurogate Container Terminal Ltd. Bremen, Germany
Eurogate is a majorly European terminal operator that works out of Bremen, Germany. Although it was a leading terminal firm, it has witnessed a significant decline owing to its limited customer base during the last decade.
Eurogate operates mainly within Europe and has terminals in Bremen, Hamburg, Limassol, Salerno, and Lisbon in addition to another four European terminals. Outside Europe, it has only a single base in Tangier, Morocco. It faced problems associated with expansion from its rival port operators in the 2000s, and thus lost much of its market share. However, in an effort to expand, it has now begun working on setting up operations in other neighbouring nations outside Europe. Out of the companies on this list, it is by far the smallest. However, it has bases in important regions of Europe that make it a significant operator in the field.
10. Evergreen Marine Corporation (EMC) Taoyuan City, Taiwan
EMC is a Taiwanese firm that deals in a large variety of maritime and shipping related activities. It is involved in container handling, transportation, shipping, port management, container manufacturing, shipbuilding, and real estate. It has operations in several countries through its shipping and terminal divisions, including in Taiwan (Uniglory Marine), Evergreen UK (UK), and Italia Maittima (Italy) that jointly operate.
It operates two main classes of terminals- transhipment hubs, and other container hubs. Two transhipment hubs are based primarily out of Taiwan, namely Taichung and Kaohsiung Container Terminals. There is another facility called the Colon Container Terminal based in Panama. Their other container terminals in the US are based in California (Evergreen Los Angeles Terminal and Oakland Evergreen Terminal), and Washington (Tacoma Evergreen Pierce County Container Terminal). There are several major container terminals in Asia (Thailand, Taiwan), Europe (Italy, UK), and the Middle East.
EMC also operates a highly successful shipping line that services destinations all over the world including Europe, the Americas, Africa and Asia. It operates a fleet of 150 container vessels that call at over 200 ports.
11. SSA Marine Washington, United States
SSA Marine is an American terminal operator that is predominantly based out of markets in and around the US. It has operations across five continents and services 250 various locations. Outside the US, it has interests and operations in Mexico, Panama, and Chile. It has also made initial investments into the South East Asian region in an effort to expand globally.
It provides several other services in addition to terminal operation. It offers terminal management, rail yard operations, technology design, warehousing, feasibility studies, and equipment procurement. It has numerous interests in auxiliary maritime sectors and is rapidly aiming at expanding its operations into Europe and Asia.
Over to you..
Do you think we are missing any major container terminal?
Let’s know in the comments below…
Related Reading:
Top 10 Largest Cruise Ships in 2020
Disclaimer: The authors’ views expressed in this article do not necessarily reflect the views of Marine Insight. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Marine Insight do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader.
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by Paige Donner
As we begin our 7th season of this podcast, we’re returning to the source. Namely, our parent publisher, Local Food And Wine.
As such Paris GOODfood+wine, for this season at least, will be produced under the title Local GOOD Food + Wine. Think of it as our Parent Publisher, guesthosting for us.
https://soundcloud.com/paigedonner/58-walking-my-dogin-paris-season-7-lgfw-paige-donner-sept-2020
In Season 7, we mean to have a more global focus on the local areas of food and wine production around the world. We’ll also spotlight agritech, food tech and the entrepreneurial businesses blossoming in this sector.
But for this episode, starting off in September, I’m drawing inspiration from a fellow podcaster who created The Walking Podcast. The host’s – or walker’s – name is Jon Mooallem and he’s an author, contributor to This American Life, as well as a writer for the NY Times Magazine.
The restful cadence of shoes walking along gravel inspired me to take my own recording device out on a couple of recent jaunts with my dog. Hence…
****** LISTEN HERE ******
Episode 58: Walking My Dog In Paris
Anyone who has a dog in Paris knows that at least 3 times a day, they need to be taken out for some fresh air and exercise.
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https://soundcloud.com/paigedonner/58-walking-my-dogin-paris-season-7-lgfw-paige-donner-sept-2020
Local GOODfood+wine Season 7 is generously being brought to
you by IoTShipping.xyz ‘Never lose track of your assets’
IoT Logistics & Shipping – Precision Supply Chain Management using IoT & Blockchain Tech
EPISODE 58 IS ALSO BEING BROUGHT
TO YOU BY PARIS FOOD AND WINE
The lockdown we all experienced earlier this strange year of 2020, made me greatly appreciate these moments I get to spend outdoors in the fresh air, especially with this beautiful backdrop of the Seine, Ile St. Louis and the Cathédrale Notre Dame de Paris for our company on my walks with my dog.
You can check our show notes at our LocalFoodAndWine.wordpress.com (also LocalFood.wine) website for photos.
So this episode, our first of Season 7, is all about walking down along the Seine in late summer with my dog, Idéale.
I hope you enjoy!
*(Note) All the ambient sounds and background music are happenstance, and just the natural comings and goings of people, bicycles, skateboarders, ballroom and hip-hop dancers, other dogwalkers, families, lovers, joggers and simply the people known as Parisiens.
Also, I want to acknowledge the challenges the wine industry is facing these days, as this Covid crisis seems to linger on and on. To that, I’ve included a song by Cléa Vincent called Château Perdu, The link to the music video is in our show notes on LocalFood.wine.
We’re ever so grateful that you’re joining us again for another season of Paris…Ooops Local GOODfood+wine. I hope you’ve all had a safe, fun and healthy summer. Now, onward, as we march together into the final months of 2020…
This season of Local GOODfood+wine has been generously brought to you by IoT Logistics LLC. We offer precision supply chain management for your shipped goods. What’s precision supply chain management? Powered by technology, it’s the ability to track and trace your goods in real-time. Monitoring is by Temperature, Movement, Geolocation and Humidity. With our help, you always know where your goods are while in transit and in storage, and in what condition they’re in.
Contact them at IoTLogistics.international.
Chateau Perdu by Cléa Vincent
https://www.youtube.com/watch?v=aD0utb8kuWc
Podcast Recommendation of The Month
Am I A Badass? Badass Women At Any Age by Bonnie Marcus
https://podcastaddict.com/podcast/2467028
Show INTRO & OUTRO
BadAss by BensoundMusic.com
EPISODE 58 IS ALSO BEING BROUGHT TO YOU BY PARIS FOOD AND WINE &
Chérie du Vin
Show Notes: LocalFoodAndWine.wordpress.com & BordeauxFoodAndWine.wordpress.com ChérieduVin.wordpress.com
Contact Host-Producer, Paige Donner @http://PaigeDonner.info
© Paige Donner 2020
TO CONTACT PAIGE DONNER FOR SPEAKING/HOSTING/PRODUCING PAIGEDONNER.INFO FOR MORE INFO ABOUT PARIS GOODFOOD+WINE AND A COMPLETE SHOW LINEUP GO TO LOCALFOODANDWINE.WORDPRESS.COM AND OUR WEBSITE PARISFOODANDWINE.NET & PARISFOODANDWINES.COM
INSTAGRAM @PAIGEFOODWINE TWITTER @PARISFOODWINE
Listen to Paris GOOD food + wine on :
All photos (where noted) copyright 2020 Paige Donner FoodWine.photography
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58: Local GOODfood+wine Season 7 – Walking My Dog Idéale in Paris by Paige Donner As we begin our 7th season of this podcast, we're returning to the source.
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Top 10 eCommerce Companies in the World
The eCommerce sector is developing with a double-digit growth rate. Retail eCommerce sales capable to attain a total of 2.3 trillion US dollars. It has been estimated that by 2021, it will touch the amount of nearly 4.8 trillion US dollars. U.S & China amounted to deals of value 1.6 trillion US dollars which accounts for 70% of the in general eCommerce sales in the world.
1. Amazon
Amazon eCommerce company is the number 1 eCommerce company in the world doesn’t need any introduction if measured in terms of revenue and Market capitalization. In 1994, Jeff Bezos founded Amazon which was firstly for the marketplace for books. Now amazon becomes the highest revenue-generating eCommerce company and the Jeff Bezos wealthiest man in the world.
Top 10 eCommerce Companies in the World - Amazon eCommerce Company
In the year 2017, Amazon eCommerce net sales generated $177.9 billion from selling books. Amazon has now online stores with a range of products including software, electronics, clothing, course, books, and pet supplies. Jeff Bezos, in the beginning, named it Cadabra, Inc but later it was named as Amazon.
Amazon workforces a massive 565,000 employees which is a share more than Google and its straight opponent, eBay. Every single employee builds worth for the customers. This noticeably replicates the size of this online store’s operations.
Amazon eCommerce company in the beginning for almost 5 years did not make revenue due to its strange business model. But Amazon stays alive and made the first return in the year 2001 that showed Bezos' exceptional business model can be successful. Amazon Web Services (AWS) is the one more most profit-building business for Amazon after its online store. It delivers web hosting servers to website owners.
2. Alibaba
Alibaba is one of the China’s largest eCommerce companies and was set up by 18 individuals led by Jack Ma, a former English professor. Jack Ma thought that it will empower small commerce and will level the playing field by innovation as well as technology to compete in the worldwide economies.
Top 10 eCommerce Companies in the World - Alibaba eCommerce Company
They empower the big business to transform their way of doing business by given that the essential technical structure so that they can leverage the power of the internet to engage with consumers. Alibaba is the most valuable dealer in the world since 2014 and has its operations prolonged in more than 200 countries.
In the initial periods, Jack Ma resorted to hiring farmers because Alibaba didn’t have the resources to hire business graduates in their sales team. In 2016, the business was capable to attain GMV of $478 billion and targets to double it by 2020. Jack Ma started Alibaba to brand it the leading online wholesale market. It not only accommodates to customers, but also to dealers. Alibaba also has additional platforms like Alipay, Taobao, and Aliexpress,. The company has a system in place with its varied range of businesses.
For example, Social media marketers regularly use this tool to stream content, share videos. Alipay is an online payment facility, just similar to Paypal and is now commonly used for online shopping. Tabao.com is a content hub in China with numerous social media functionalities. Alibaba’s sheer dominance in China, the third leading marketplace in the world, is adequate to consist of it in the list of top eCommerce businesses.
3. eBay
eBay was established by Pierre Omidyar in the year 1995, it is an e-commerce company based out in San Jose, California. It delivers people the option to buy or sell a wide range of products or services worldwide and it follows both B2C and C2C kind of commerce model. The business listed almost every saleable element by the year 2000 and the industry grew rapidly. The company links millions of shoppers and suppliers around the world.
Top 10 eCommerce Companies in the World - eBay eCommerce Company
eBay used robust technology to control its platform which supports sellers to offer their inventory and list their items on their platform and let consumers discover and buy it, almost anytime and anyplace. eBay has set-ups in more than 30 countries and approximately 14,000 employees worldwide.
It has nearly 170 million active customers worldwide and able to attain GMV of $24.4 billion. eBay has crossed over downloads of 391 million throughout the world. It commonly uses analytics to evaluate the characteristics of buying and selling performance so that they can improve the consumer experience.
eBay had the largest technology firms in the previous years like Skype, Paypal, Stubhub, etc. eBay produces revenue by charging the registration charges from sellers and some commission from suppliers on the deal of product through their platform. eBay is one of the top e-commerce companies with headquarters in San Jose, California which was founded in 1995.
The eBay has a variety of product categories which cover nearly all e-commerce platform offers an open market for C2C and B2C dealings. Individuals can join and post their products for sale.
4. JingDong
JD.COM is a Chinese B2C e-commerce company headquartered located in Beijing, China. Previously it was well-known with a name 360buy and presently this platform has more than 260 million active consumers, who are engaged with offers, new products and much more.
Top 10 eCommerce Companies in the World - JingDong eCommerce Company
The company was founded by Liu Quiangdong in 1998, that’s why it is also known as the name Jingdong. The company initially started its business as an optical magneto store but soon they expanded, selling mobile phones, electronics, etc.
This company was competent to attain record by selling products worth $19 billion in a single day in the year 2017. The company is also well-known for its Jingteng’s strategy, this scheme delivers brand owners information about the accurate target customer groups and supports wholesalers to attain actual and precise marketing which supports them in growing their sales extra.
Walmart sold its eCommerce industry in the year 2016 to JD.COM to contract a 5% equity stake in JD.COM. JD.COM is planning to proliferation its presence through Europe, the UK, and France in future years. The company is creating usage of AI and high tech tools to improve its distribution system. JD.COM now offers a wide-ranging variety of products, almost across each main classification like FMCG, apparel, food, home appliances, etc.
They own the largest drone supply system, robots, and autonomous technology, distribution over drones. They are presently trying autonomous robots for making distributions and also they are financing massive the expanse in constructing drone delivery airports, driverless distributions utilizing autonomous trucks, etc.
5. Walmart
Walmart has more than 11000 stores and is working across 28 states under 58 different titles. Walmart was competent to make $480 billion of profits and was able to create it as the world’s biggest business through profits according to the Fortune Global 500 list in 2016. The profits generated through its eCommerce processes is just 4% of its overall profits. Walmart is well-known for its consumers because Walmart consumers can buy products at a very low amount on any day.
Top 10 eCommerce Companies in the World - Walmart eCommerce Company
The intention behind selling things at a lower price is that Walmart can attain economies of scale. Walmart studies a huge amount of user data which permits them to improve their processes by forecasting consumer’s behaviors. Nowadays Walmart is concentrating more on increasing online business.
In the year 2016, Walmart was acquired Jet.com. Walmart’s US eCommerce CEO considering doubling up their storerooms for eCommerce to increase customer’s digital capability. In early 2006 when India had strict FDI guidelines, Walmart started a joint venture with Bharti Enterprise.
Bharti enterprise would handle the front end retail stores and Walmart takes maintenance of cold chain and logistics. Now Walmart is in discussions to buy India’s e-commerce giant Flipkart at an estimation close to $20 billion. If the deal goes through, it will pose a great threat and competition to Amazon’s India eCommerce set-ups.
6. Booking Holding
Booking holdings was first designated as Priceline.com and it has its headquarter in the US. It was established by JS Walker in the year 1997, and Priceline worked public in the year 1999 and was capable to produce $13 Billion through IPO.
Top 10 eCommerce Companies in the World - Booking Holding eCommerce Company
Worth originated its company by selling telephone services, house leases, second-hand goods, gasoline, groceries, the online tour site also new vehicles following its name your price service. Priceline terminates some services to concentrate more on travel business in the year 2000.
Priceline was capable to produce its initial earnings in the year 2001. Priceline also starts into the retail resort company in the year 2004 by getting a majority stake in TravelWeb. It also acquires Activehotel.com, an online resort booking business in Europe. To develop more they took booking.com in the year 2005 which is presently the world’s largest accommodation website now.
Priceline further took businesses in an online hotel extent and exceeded Expedia to become India’s biggest online hotel booking service. Priceline group was also named as Fortune's most reputed company as well as the most innovative company in the travel space. It manages its website in more than 40 languages and 200 nations.
In 2016, it was ready to sell more than 7 million air tickets through its program, the customer reserved 557 million room nights of accommodation also 66 million rental car days. One of its subsidiary rentalcars.com was given the world’s best car rental app.
7. Shopify
Shopify was established by Tobias Lütke, Scott Lake and Daniel Weinand. It is a Canadian e-commerce firm having its headquarter in Ottawa, Ontario. This business is having more than 6 lakh merchants utilizing its platform and Shopify should be capable to produce Gross Merchandise worth of $55 billion.
Top 10 eCommerce Companies in the World - Shopify eCommerce Company
The founders of Shopify firstly try to start an online store for Snowboarding equipment’s including this startup was mentioned as Snowdevil but they were unsatisfied with current e-commerce products in the market which leads them to begin their e-commerce program known as Shopify. In 2009 they started the Shopify app store and API platform which can be used by developers to produce apps for online stores and sell these on the Shopify app store.
The app allows their online store owners to maintain their stores utilizing their mobile tools. Shopify has also been named Ottawa’s fastest-growing e-commerce business by the Ottawa industry journal in the year 2010. The organization then launched a Shopify payments program which allowed customers to pay directly through credit cards without requiring a third party payment gateway.
The firm continued public in the year 2015 and was capable to grow more than $131 million. Amazon.com stated the closing of its Amazon Webstore services for its dealer and decided Shopify as a favored migration provider and also, Amazon combined with Shopify which enabled Shopify dealers to sell on Amazon from their Shopify store. This activity supported Shopify in developing its stock price by approximately 10%.
8. Rakuten
Rakuten is a Japanese e-commerce business based in Tokyo and was established by Hiroshi Mikitani 1977. Rakuten is a Japanese term which suggests Optimism, is also termed as Amazon of Japan, suggesting thousands of products online. It allows digital content, fin-tech solutions, and e-commerce services to above 1 billion members throughout the world.
Top 10 eCommerce Companies in the World - Rakuten eCommerce Company
It has total strength close to approximately 15,000 agents worldwide. It extends its services through joint venture and acquisition. It took Buy.com, Viber, etc. to indicate its appearance in different nations. It also financed in businesses like Pinterest, Acronis, etc. and further it has its online marketing firm, Rakuten Marketing.
This business continued public in the year 2000, at this moment it had 2300 stores including 95 million page views per month performing it as the most prominent site in Japan. Rakuten was one of the leading influential organizations which began allowing bitcoins for payments over its global marketplaces.
Rakuten to market its program acknowledged one of the most significant deals with FC Barcelona, one of the most popular football teams in Europe with its name appearing on player's jerseys. In 2018, the group acquired Marine and Asahi fire from one of Japan's managing bank Nomura for an approximated worth 46 billion yen.
This will Rakuten’s first investment in the general insurance sector and the Asahi will become the company’s wholly-owned subsidiary which will provide accident, fire and automotive protection to corporate customers and several other customers.
9. Otto
The Otto Group is one of the largest eCommerce businesses mainly based in France and Germany and has its services in more than 20 nations. It was established by Werner Otto as a mail-order business in Hamburg, and in less than 2 years of its services, Otto was capable to improve its turnover on a factor of 5. In the year 1995, Otto works online and made accessible a comprehensive variety of products online.
Top 10 eCommerce Companies in the World - Otto eCommerce Company
The group allows a new concept of a variety of goods and ranges to provide to the growing demands of the customer in the retail area. The firm now gives assistance associated with logistics, transportation also quality services to the businesses outside the organization or to its partners. In the year 2000, the Otto group was capable to achieve 2nd place in the B2C industry after Amazon.
OTTO organization was capable to place itself as the world’s biggest online retailer for fashion and lifestyle goods. Otto also started augmented reality stores where users can try on items of nearby Otto store in front of their webcam also next people can post their pics on social networking sites like Facebook. Otto group included a new concept of open business where with the help of technology, it endorses its style series by applying user-generated content containing opinions from third parties. This provides consumers a unique way to shop the collection.
10. Asos
ASOS.com is a British online fashion market proposed to youngsters and adults having a favorite brand recall. It was established by Nick Robertson and Quentin Griffiths in the year 2000 and is headquartered in Camden Town, at Greater London House and has its primary fulfillment center placed in Barnsley, South Yorkshire.
Top 10 eCommerce Companies in the World - Asos eCommerce Company
Asos sells above 80000 brands and has a variety of clothes. Asos.com is a global online beauty and fashion retailer that offers womenswear, jewelry, menswear, footwear and beauty assets. It ships its products across 140 countries through different warehouses in the UK, China, the US, and Europe. ASOS primarily abbreviated to the name AsSeenOnTheScreen limited.
ASOS has above 4500 employees and is the biggest self-governing fashion online store in the UK. Recently they started a marketing campaign aimed to take full benefit of the Instagram Stories’ feature boosted users to upload photographs or videos of ASOS products and people were capable to produce around 3 million footsteps in the UK itself.
By 2018 it has approximately 10 million downloads and the app has an important feature that supports users to upload photographs of clothes people like and the app will deliver the product comparable or likewise to the uploaded product.
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INDUSTRY WATCH: Who's Who And What's What In The Defence Sector
By David Pugliese
Government prepares for submarine in-service support program, Airbus shows off first C295 for Canada. The Canadian government has started the process to put in place a long-term in-service support program for the Victoria-class submarines as the existing contract finishes on June 30, 2023. In June it issued to industry a request for information. The government held an industry conference on July 16 in Gatineau to provide a procurement timeline, industry engagement plan and overview of the project. The federal government will invite firms to qualify for the project. The request for proposals is expected to be finalized by the fall of 2020 and the RFP issued then. Bid evaluations would start in the summer of 2021 and a contract awarded in spring 2022, Marc-Andre Charbonneau, spokesman for Public Services and Procurement Canada, noted in an email to Esprit de Corps. Maintenance and sustainment work could be repositioned between coasts to meet operational requirements. But all contractor-lead maintenance periods would be performed on the west coast.
The first Airbus C295, purchased by Canada for the Royal Canadian Air Force’s Fixed Wing Search and Rescue Aircraft Replacement program rolled out of the paint shop showing off its final livery at Airbus facility in Seville, Spain, Airbus announced Oct. 8. The aircraft will now go through the final preparation phase before its delivery to the RCAF, planned to take place in Spain before the end of the year. GeoSpectrum Technologies announced Sept. 26 the successful trial of the Towed Reelable Active Passive Sonar (TRAPS) on board the HMCS Glace Bay, completing the final assessment of the system. The Department of National Defence’s science and technology organization, Defence Research and Development Canada, recently conducted performance trials with HMCS Glace Bay, the second Kingston Class vessel from which the GeoSpectrum’s TRAPS sonar was operated. The sonar performed well through the trials period, meeting predicted ranges in target detection, in both passive and active modes against different targets, and the system was easily deployed and recovered by a single operator, according to the company. The system offers towed active sonar capability for low, medium, and high frequencies as well as passive sonar. Paul Yeatman, President of GeoSpectrum, said TRAPS is an ideal system to augment Royal Canadian Navy’s anti-submarine warfare capabilities and allow Canada to better support missions such as anti-narcotics operations. GeoSpectrum has already been selected for international programs involving the TRAPS system, developed with support from Industrial Research Assistance Program and Build in Canada Innovation Program with Curtiss-Wright.
GeoSpectrum Technologies is based in Dartmouth, NS and is a wholly owned subsidiary of Elbit Systems Ltd. Finland has selected Saab as the combat system provider and integrator for the Finnish Navy’s four new Pohjanmaa-class corvettes within the Squadron 2020 program. The contract period will be from this year up to 2027 and the scope will include a range of solutions, including Saab’s 9LV Combat Management System, related sensors and other systems. All of the Finnish Navy’s current vessels feature at least one system from Saab, with the majority of vessels operating several systems from Saab. Rheinmetall has developed a new 60mm mortar for infantry and special forces. The RSG60 features design and engineering characteristics which make this indirect fire system very light and easy to handle. A few quick manual adjustments turn the 15.8 kg standard infantry version into a commando mortar weighing just 6.8 kg, with no need for tools.
This makes the RSG60 a two-in-one solution. Depending on the ammunition and charges, the standard version can attain ranges of up 3,200 metres. Equipped with a thirty centimetre-longer barrel, the range increases by around 500 metres. The commando variant of the RSG60 has a range of around 2,000 metres. Development of the new mortar began in October 2017. The RSG60 has repeatedly undergone successful test firing. The U.S. government has announced that Canada is purchasing new radios as part of its upgrade of CF-18 fighter jets and Hercules transport planes.
The Canadian government will spend $58 million buying the 152 MIDS-JTRS radios. “Canada intends to upgrade its current inventory of CF-18 Aircraft, CC-130J, and the Royal Canadian Air Force’s Ground Stations with the purchase of these MIDS JTRS (5) terminals to be fully interoperable with U.S. and allied forces to support and compliment joint operations in a net-enabled environment; have modernized electronic protection and secure, jam-resistant wave forms; and be capable of improved Link 16 message exchange and information fidelity including support to advanced weapon employment,” the U.S Defense Security Cooperation Agency noted. Also included are spare cables and MIDS batteries; Link-16 mobile racks; diagnostic support tools; technical documentation; training and engineering technical support; and other related elements of logistics and program support. Viasat, Incorporated, headquartered in Carlsbad, CA, and Data Link Solutions, headquartered in Cedar Rapids, IA, will provide the equipment. Serco Group PLC has completed the acquisition of Alion Science & Technology Corporation’s Naval Systems Business Unit, including the firm’s Canadian business. The purchase price was $225 million. The acquisition significantly expands Serco’s work for the Canadian government for multiple maritime programs, according to the company. Among those are contracts with Seaspan’s Vancouver Shipyards for design agent services on the Royal Canadian Navy’s Joint Support Ship. Serco’s existing business in Canada includes supporting clients in the defence, aviation, and transportation sectors.
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Risky bet in financial crisis has small Canadian pension fund leading the biggest private real estate project in U.S. history
A risky roll of the dice made in the depths of the financial crisis a decade ago will begin to bear fruit next week for a small Canadian pension fund leading the biggest private real estate project in U.S. history.
With Hudson Yards’ seven-story retail complex set to open March 15, workers were busy putting finishing touches on store interiors, stocking up merchandised goods and hoisting up a giant sign for anchor tenant Neiman Marcus on the exterior wall of the building facing 10th Avenue in New York on Tuesday.
The development of the once gritty industrial space on the West Side of Manhattan will eventually feature 28 acres spread across five office towers, a luxury condo with units starting at about US$5 million and a public school. Driving the US$25 billion development is little-known Oxford Properties Group, the real estate arm of a pension fund for retired police officers and city clerks in Ontario that teamed up with Related Companies LP to take a chance in 2010 amid the real estate crash.
The “Vessel” sculpture, by Thomas Heatherwick, stands at the Hudson Yards development in New York.
“Those did not feel like cheap decisions. They all felt like we were paying too much and maybe the world was ending,” said Oxford president Michael Turner, who was still in his early days at the company when the deal was struck. “We happened to be able to be there as a sponsor of quality, with fortitude and a balance sheet to make a decision.”
Oxford’s big bet for the Omers pension fund is an integral part of the company’s trajectory from a tiny property firm focused on Canada to an increasingly ambitious global player that just got too big for its own country. A decade ago, the Toronto-based fund had 96 per cent of its assets in Canada. Now, more than 55 per cent is invested abroad, with total assets approaching $60 billion (US$45 billion).
Michael Turner, president of Oxford Properties Group Inc.
Oxford Vernacular
“That became part of the story of Oxford and the vernacular of Oxford, ” said Turner, 45, who took over as president last April. “The rest of the world is bigger than Canada, so that’s a long game and we’re going to continue to grow in Canada as we have.”
On the Hudson Yards deal, a couple of Canadians teamed up quickly to make it happen. Tishman Speyer Properties LP, the initial winner of the Metropolitan Transportation Authority’s tender process to develop the area, withdrew its bid and Related came on shortly after. Goldman Sachs Group Inc. was Related’s former partner in the deal but the investment bank changed its focus from long-term plays and Oxford joined instead, Joanna Rose, a spokeswoman for Related said.
Canadian Connection
Jay Cross, Related’s president of Hudson Yards and former president of the New York Jets football team, is a Canadian who worked on the Air Canada Centre arena in Toronto and knew Oxford’s former president Blake Hutcheson from their previous years working in the same industry. Hutcheson, a former executive at CB Richard Ellis who hails from Huntsville, Ontario, worked with Cross on the deal, in which Oxford and Related are 50-50 partners on the general group that oversees the entire development.
Hutcheson, who is now the president and chief pension officer for Omers, couldn’t be reached for comment, nor could Cross.
Oxford’s arrival at Hudson Yards went along with other bets it’s made in the past decade to expand to new territories despite looming uncertainty. The financial crisis hit just after the firm struck its first European deal to acquire 50 per cent and develop 530,000 square feet at Watermark place in London. That turned out to be a very “fortuitous, successful investment,” Turner said. Oxford bought the entire property in 2010.
People walk on the High Line Park that passes the Shed, center, in New York. The building, in Manhattan’s Hudson Yard’s development, is a new arts space consisting of a stationary building with a shell constructed around it that can move in a matter of minutes to cover the adjacent public plaza and create an additional 120-foot-high giant room.
‘Beds and Sheds’
The global push has certainly paid off: Omers reported returns of 8.7 per cent and 11.4 per cent on its real estate investments in 2018 and 2017, respectively. That compares with gains of 2.3 per cent and 11.5 per cent for the Omers fund overall.
Oxford is looking to boost its exposure in the industrial and multi-family space, which they dubbed their ‘beds and sheds’ strategy, by about 20 per cent each from 11 per cent and 7 per cent, respectively. It’s targeting cities that attract a flow of technology and talent like New York, London, Sydney and Toronto.
Cranes stand at construction sites in Hudson Yards in 2016.
They’re not the only ones looking to reap greater returns by looking outside Canada. For the past five years, publicly recorded commercial real estate investments abroad by Canadian pension funds was $84.6 billion, compared with $19.8 billion invested domestically, according to CBRE research. Ivanhoe Cambridge Inc., a unit of Caisse de Depot et Placement du Quebec, bought IDI Logistics in the U.S. in a US$3.5 billion deal last year and has recruited Oxford as a partner.
Some of these developers also hold stakes in Hudson Yards, which has different ownership splits within each of its assets, including some third-party capital. Brookfield Property Partners LP, the real estate arm of Toronto-based Brookfield Asset Management Inc., is developing Manhattan West, an 8-acre mixed-use neighbourhood that includes One Manhattan West, a 2 million square foot office tower with tenants including Accenture Plc and the National Hockey League.
The Neiman Marcus Group Ltd. store at the Hudson Yards development.
Capital Outflow
Oxford saw record growth in 2018, boosting its assets under management by almost a third to $58 billion. The firm made its first forays into U.S. industrial real estate, London multi-family and Australia’s office sector with billion dollar bets. Oxford is also leading the transformation of an old freight terminal at Hudson Square that will become the New York campus for Google.
On a global scale, Oxford is still the “small fish in the pond” but the sponsorship of Omers is a competitive advantage given its stable, long-term source of funding, Turner said.
“It was a transformational year for Oxford, a lot of fun and a little bit stressful at times,” Turner said. “All of the big transactions that we did in 2018 were in service of where we think are the greatest medium to long-term tailwinds and getting more exposure to those.”
With assistance from Paula Sambo and Esteban Duarte
Bloomberg.com
from Financial Post https://ift.tt/2Hp3hXd via IFTTT Blogger Mortgage Tumblr Mortgage Evernote Mortgage Wordpress Mortgage href="https://www.diigo.com/user/gelsi11">Diigo Mortgage
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MRM Research Roundup: End-of-January 2019/Super Bowl Edition
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features digital trends, drone delivery trends and a super amount of Super Bowl stats.
Restaurant Digital Trends
BentoBox released its 2018 Year in Review, a comprehensive look at digital trends in the restaurant industry. The following insights were gathered from over 3,100 restaurants, 59,000 online transactions, 530,000 menu items, and 210 million restaurant website visits.
Key takeways include:
58 percent of website visits are made on mobile devices, up eight percent since 2017
12.5 percent is the average tipping amount online
15 reservations per day are booked through a restaurant’s website
Monday is the busiest day for online catering orders, while 11:30 a.m. – 12 p.m. is the busiest time during the week
Donuts are the most-liked food restaurants post on Instagram
BentoBox’s CEO Krystle Mobayeni said, “We’ve seen consumers continue to prioritize community and invest in local business, allowing restaurants to become their own lifestyle brands, extending their offerings beyond the meal. From eCommerce to entertainment to social engagement, a website is a crucial platform that allows a restaurant’s brand to grow while impacting their bottom line and creating more opportunities to connect with guests.”
Read more about BentoBox’s 2018 trends and data insights here.
State of Delivery
Motus' 2019 State of Delivery Trend Report revealed that though workers for use of their personal vehicles for business, 82 percent of employers don’t ask workers to track mileage in any way, 39 percent reimburse their delivery workers with a flat amount, 24 percent include the use of employee vehicles and vehicle-related expenses in the employee’s wage and 10 percent reimburse employees for mileage.
The report provides examples of major U.S. cities where using a flat amount per delivery can impact delivery workers’ actual wage. For example, when a flat amount is paid per delivery in New York, NY, the high costs of driving in the city significantly decreases the average delivery worker’s take-home wage.
Additional findings in the 2019 State of Delivery Trend Report include:
31 percent of employers said that the most important factor when hiring a delivery worker is finding someone with the ability to represent the brand well. 25 percent cited a safe driving record, 22 percent pointed to availability, 10 percent value a driver’s ownership of a vehicle, 8 percent relevant experience and 4 percent cited other factors as the most important to consider when hiring delivery workers.
An overwhelming majority of employers use their own employees to deliver their goods and services (79 percent). However, at the same time, many have started to explore the world of using third-party vendors, contractors or gig workers to deliver goods (21 percent).
Employers are largely undecided about whether they’d hire on-demand or gig workers to deliver their goods. 28 percent said they would hire gig delivery workers, 38 percent said they would not and 34 percent admitted they were unsure.
86 percent of respondents reimburse or credit customers for incorrect orders or late deliveries. Incorrect orders/late deliveries cost 60 percent of businesses $100 or less each month, but for an unlucky 20 percent, these costs balloon to in between $100 and $500 a month.
Drone Delivery Market
According to Coherent Market Insights, the global delivery drones market is projected to exhibit an impressive CAGR of 22.3 percent over the forecast period (2018 – 2026).
Increasing usage and adoption of drones in e-commerce/ quick service and restaurants/ healthcare supplies, and introduction of hybrid drones for transportation and logistics sector are some major factors driving growth of the delivery drones market. Moreover, increasing delivery drone fleet sizes due to expanding geographical reach by e-commerce service providers such as Amazon, Google, and UPS are expected to aid in growth of the delivery drones market during the forecast period.
Complex terrain and limited range of drones are some major factors restraining growth of the market, owing to lack of capability to drop the product at exact locations in dense and low connectivity areas such as rural and mountain areas. The limited range and lesser flight time of delivery drone is expected to be a negative factor, which will impact the delivery drones market during the forecast period.
The global delivery drones market is segmented on the basis of drone type, application, component, and region. Among drone type, rotor blade segment held the dominant position in the market in 2017, owing to its high quality of vertical take-off and landing capability, ease of use, and enhanced control and stability to hover in air.
Among application, e-commerce segment held the dominant position in the market in 2017, and is expected to retain its position throughout the forecast period. This is owing to high usage of drones in e-commerce industry for delivery of products in rural areas, where transportation vehicle cannot be reached or takes longer time. Furthermore, increasing e-commerce sector is expected to propel growth and adoption of delivery drones in different regions. Moreover, e-commerce companies are focusing on availing approvals for usage of drones for product delivery at different countries by the respective government, wherever restrictions or ban on use of drones is imposed under certain circumstances. For instance, in 2016, Amazon signed a contract with the UK government to test the usage of drones for product delivery in the country and in December 2016, the company delivered its first product (Amazon Fire TV streaming device and a bag of popcorn) with drone in the UK.
North America was the dominant region in the global delivery drones market in 2017, and is projected to maintain its dominance during the forecast period, owing to increasing use of delivery drones for commercial as well as military applications (medic supplies) in the region. Moreover, North America is expected to be the second fastest growing region for delivery drones market, owing to increasing production and deliveries of drones in the region for commercial purposes.
Furthermore, increasing adoption and usage of drones in China by e-commerce vendors such as JD.com and Alibaba are fueling the Asia Pacific delivery drones market in the region. Right now JD.com has around 40 delivery drones, which deliver various products at different locations in China. The market is expected to witness a CAGR of 22.3 percent during the forecast period (2018–2026), owing to increasing adoption of drones in the e-commerce transportation & logistics industry
Increase in demand for drones with higher payload capacity, higher range, and increased flight time for delivery of products such as e-commerce industry are some major factors driving growth of the market. Moreover, stringent government laws for drones in different regions act as a restraining growth of the market. For instance, government of various countries such as India, Argentina, Cuba, Slovenia, Saudi Arabia, Morocco, Barbados, and Uzbekistan does not allow the usage of drones for commercial purposes in their countries
Some of the major players operating in the global delivery drones market include The Boeing Company, Airbus SE, CyPhy Works, JD.com, SKYCART Inc., Drone America, Matternet, SZ DJI Technology Co. Ltd., and others
Keeping Resolutions
When it comes to healthy eating New Year’s Resolutions, 2019 is off to a promising start.
Data from ezCater, reveals salad orders grew by 10 percent nationally through the year's first three weeks, while pizza orders nosedived by 20 percent, compared to the same period last month.
The network that connects millions of lunch-hungry office dwellers with over 60,000 restaurants and other caterers annually also produced some notable city-specific data:
Indianapolis is 2019's healthy eating star thus far (salad orders up 36 percent, pizza orders down 56 percent)
Silicon Valley (salad up 23 percent, pizza down 6 percent) and Seattle (salad up 26 percent, pizza down 27 percent) are in a tech HQ good eating grudge match
Los Angeles is keeping up its spa cuisine image (salad up 12 percent, pizza down 37 percent)
Boston can add better food bragging rights to its beloved Sox and Pats boasts (salad up 15 percent, pizza down 30 percent)
Chicago has moved well past its brats 'n beers rep…at least come lunchtime (salad up 6 percent, pizza down 31 percent)
Thanksgiving or Christmas?
While most restaurant chains saw a slump in customer traffic around the Thanksgiving and Christmas holidays, Gravy Analytics, a location-intelligence platform, found that certain fast food chains fared better during the week of Thanksgiving than Christmas/New Years.
Auntie Anne’s: 11 percent (November) to -34 percent (December)
Burger King: -7 percent (November) to -25 percent (December)
Cinnabon: 40 percent (November) to -34 percent (December)
McDonald’s: -6 percent (November) to -22 percent (December)
Dunkin Donuts: -6 percent (November) to -24 percent (December)
The above findings compare foot traffic at more than 2,000 food chains during the weeks of Nov. 12-19 and Nov. 20-26, 2018 with Dec. 18-24 and Dec. 25-31, 2018.
Popular Super Bowl Food
For restaurants, this Sunday isn’t about New England or Los Angeles, it’s about gaining the most yardage at the viewing party table. According to newly released data from Cardlytics, pizza dominated food budgets in the Patriots’ hometown of Boston last year with a 187 percent increase in spend compared to an average week. But for Los Angeles, it was all about the tacos with a 37 percent increase in spend over annual averages.
These insights come from Cardlytics, which partners with more than 2,000 financial institutions to run their digital rewards programs. The company leverages proprietary insights to understand where and when consumers spend their money, helping marketers reach likely buyers through the banks’ mobile, online, and email channels. Cardlytics’ fraud-free native advertising platform reaches more than 85 million monthly active users and analyzes $2.3T in consumer spend.
This spending data surrounding The Big Game also revealed that football fans overall spent 12 percent more nationally during the 2018 championship versus 2017. In this year’s host city of Atlanta, chicken made a big run with a 128 percent boost in sales, and the meal is the fastest growing food choice for football fans with spend surging 19 percent nationally in 2018 compared to 2017.
“The February championship is an exciting time, not only for the game and the commercials, but also in the all-important area of dining,” said Matt Drewes, Cardlytics senior vice president and group head of restaurants. “At Cardlytics, we can help restaurants gain market share, whether it’s leading into a big event or otherwise, by applying sophisticated analytics to our massive purchase dataset and delivering real insights into the customer’s buying behavior. This allows brands to identify blind spots and gauge headroom for growth within their categories.”
Other key findings around food purchases during the week of The Big Game include:
Spend grew 29 percent in Atlanta and 31 percent in all of Georgia from 2017 to 2018.
Tennessee (27 percent growth), Virginia (24 percent growth), and Florida (20 percent growth) experienced three of the largest spikes in spend for 2018 compared to 2017.
Sioux Falls, South Dakota (15 percent decrease), Mankato, Kansas (12 percent decrease), and Topeka, Kansas (11 percent decrease) saw the most notable decreases in spend from 2017 to 2018.
Chicago and St. Louis are the only two cities whose residents preferred to eat sandwiches on game day, respectively spending 85 percent and 73 percent more on this item the week of the championship than average.
Methodology: U.S. consumer spend at barbeque, premium burger, chicken, taco, pizza, and sandwich locations the week of the championship game (between February 1, 2018 and February 7, 2018, and February 2, 2017 and February 8, 2017), compared to annual averages captured between January 5, 2017 and January 2, 2019.
Big Game Wing-onomics
Will Americans be ‘winging it’ for the Big Game? The National Chicken Council (NCC) has released its annual Chicken Wing Report, and the answer is a resounding “yes!” NCC projects Americans’ consumption of the unofficial gameday menu staple – the chicken wing – will hit an all-time high at 1.38 billion wings during Super Bowl LIII weekend, as the Los Angeles Rams and New England Patriots battle for the Lombardi Trophy. This figure is up two percent, or about 27 million wings, from 2018.
How do 1.38 billion chicken wings measure up?
If 1.38 billion wings were laid end to end, they would stretch back and forth 28 times from Gillette Stadium in Foxborough, Massachusetts to Los Angeles Memorial Coliseum.
1.38 billion wings weigh 6,600 times more than the combined weight of both the Patriots’ and Rams’ entire rosters.
Enough to put 640 wings on every seat in all 31 NFL stadiums.
Enough to circle the Earth 3 times.
If each wing were one second, 1.38 billion wings would be 44 years.
That’s 4 wings for every man, woman and child in the United States.
As the saying goes, “I’ll just eat one. Said no one ever.”
As Americans unite around their shared love of the chicken wing during Super Bowl LIII, NCC is petitioning President Trump and Congress to declare the Monday after the Super Bowl a federal holiday: “National Chicken Wing Appreciation Day.” Declare your support for the federal holiday – and love of the wing – by signing the petition here.
“Whether you’re a fan of the left wing or the right wing, there’s no debate – or controversial missed calls – about America’s favorite Super Bowl food,” said National Chicken Council spokesperson Tom Super.
Love the Local Flavors
Grocery retailers and local restaurants are making preparations in advance of the big game next week as consumers make their plans. According to Frito-Lay, individual cities have their own snacking preferences – however, one thing is consistent no matter where you live, what you’re buying or who you’re cheering for: consumers like to shop locally.
In a survey conducted last year of over 1,000 US consumers, Valassis found that 52 percent are willing to travel less than four miles for their big game purchases and 43 percent will shop locally. Given your interest in restaurant trends, would you be interested in scheduling a conversation with Curtis Tingle, chief marketing officer at Valassis to discuss how small businesses have an opportunity to sell big next week? Curtis can discuss how small businesses can be wiser this year when prepping for the big game. I’ve included additional takeaways from the survey below for consideration.
Super Bowl Super Spend
American adults say they will spend an average $81.30 for a total of $14.8 billion as they watch the New England Patriots and the Los Angeles Rams meet up in the Super Bowl next month, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
“You don’t have to be a football fan to celebrate the Super Bowl,” NRF President and CEO Matthew Shay said. “Whether it’s to see who wins, watch the halftime show and commercials or just get together with friends, this is the biggest party since New Year’s Eve. Spending is expected to be at one the highest levels we’ve seen. And retailers are ready whether you need food, team jerseys, decorations or a new TV.”
The average spending is virtually unchanged from last year’s $81.17 and is the second-highest in the history of the survey after a record of $82.19 set in 2016. The total amount is down from last year’s $15.3 billion, primarily because fewer people plan to watch the game – 182.5 million this year compared with 188.5 million last year. The overall spending is still the third-highest on record, after last year’s figure and $15.5 billion in 2016.
The biggest spenders are those ages 35-44 at an average $123.26 while the lowest are those 65 and older at $40.97. Viewers in the Northeast plan to spend the most, at an average $94.89, followed by the West at $84.01, the South at $79.09 and the Midwest at $69.24.
The survey found that 72 percent of adults plan to watch the game, down from 76 percent last year. Among those watching, 79 percent plan to buy food and beverages, 10 percent team apparel and accessories, 7 percent decorations, also 7 percent for new televisions, and 4 percent furniture such as entertainment centers.
Close to a quarter (24 percent or 61 million) plan to attend a party, while 17 percent (44 million) will throw one while 5 percent (13 million) will watch in a bar or restaurant. The largest share of those watching (43 percent) say the game is the most important part of the event, but 23 percent cite the commercials, 14 percent getting together with friends, 13 percent the halftime show and 7 percent the food.
The survey found that 76 percent see the commercials as entertainment and that only 10 percent say they are influenced to make a purchase, but the ads carry more weight among younger viewers. Of those ages 18-24, 17 percent say the commercials influence them to buy and 16 percent are prompted to search online for more information.
“The numbers vary from year to year, but regardless of the economy, politics or the weather, most Americans manage to take a break every year for the Super Bowl,” Prosper Vice President of Strategy Phil Rist said. “The big game is a day for big spending regardless of who plays or wins.”
The survey of 7,384 adults 18 and older was conducted January 2-9, before it was known which teams would play, and has a margin of error of plus or minus 1.2 percentage points. The viewership numbers may differ from other figures such as official TV ratings because they include all individuals who say they will watch regardless of how or where.
Valentine's Day Spend
Americans are expected to spend a record amount on Valentine’s Day this year despite a years-long decrease in the percentage of people celebrating the holiday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
“The vast majority of Valentine’s Day dollars are still spent on significant others, but there’s a big increase this year in consumers spreading the love to children, parents, friends and coworkers,” NRF President and CEO Matthew Shay said. “Those who are participating are spending more than ever and that could be the result of the strong economy. With employment and income growing, consumers appear to be expanding the scope of who qualifies for a card or a box of candy.”
Those surveyed said they would spend an average $161.96. That’s up 13 percent from last year’s $143.56 and easily tops the previous record of $146.84 set in 2016. Total spending is expected to be $20.7 billion, which is an increase of 6 percent over last year’s $19.6 billion and breaks the previous record of $19.7 billion, also set in 2016.
The spending increases come even though only 51 percent of Americans plan to celebrate the holiday, down from 55 percent last year and a high of 63 percent in 2007. It is unclear why the number of consumers celebrating has trended downward over the past 12 years, but spending, while varying with the economy, has generally trended up. The lowest spending during the period was $102.50 in 2009 during the Great Recession.
Of the $18.40 increase in average spending, only $4.26 comes from spending on spouses and significant others, which is expected to total $93.24. Consumers said they would spend $29.87 on other family members, up $4.58; $9.78 on friends, up $2.59; $8.63 on children’s classmates or teachers, up $1.37; $7.78 on co-workers, up $2.99; $6.94 on pets, up $1.44 and $5.72 on others, up $1.17.
As in each year of the survey, men are the biggest spenders at $229.54, up 20 percent from last year. That’s more than double the $97.77 women said they would spend, which is down 1 percent, and is within the survey’s margin of error.
Among age groups, those 35-44 are the biggest Valentine spenders at $279.14, followed by those 25-34 at $239.07. Both groups typically have more people to buy for including children and children’s classmates or teachers.
Gifts for pets continue to be popular, purchased by 20 percent. Pet spending is expected to total $886 million, up $519 million since NRF first asked in 2008.
Those celebrating plan to spend $3.9 billion on jewelry (given by 18 percent), $3.5 billion on an evening out (34 percent), $2.1 billion on clothing (18 percent), $1.9 billion on flowers (35 percent), $1.8 billion on candy (52 percent), $1.3 billion on gift cards (15 percent) and $933 million on greeting cards (44 percent). Gifts of experience such as tickets to an event or a trip to a spa are wanted by 40 percent and planned to be given by 25 percent.
Department stores are the most popular Valentine’s Day shopping destination, visited by 35 percent of shoppers, followed by discount stores (32 percent), online (27 percent), specialty stores (18 percent), florists (16 percent), small or local businesses (14 percent), jewelry stores and specialty clothing stores (each 9 percent).
Even among those who don’t plan to celebrate Valentine’s Day as such, 11 percent plan to treat themselves to gifts like clothing or jewelry and 9 percent plan to get together with other single friends or family.
“Valentine’s Day means different things for different people,” Prosper Vice President of Strategy Phil Rist said. “Whether it’s a day of romance or one of making sure their children have enough cards in their backpacks for each of their classmates, it’s an important day for those who choose to participate.”
The survey of 7,384 adults 18 and older was conducted January 2-9 and has a margin of error of plus or minus 1.2 percentage points.
Small Business Gains
The Paychex | IHS Markit Small Business Employment Watch started the new year with slight gains in small business job and hourly earnings growth. The Small Business Jobs Index increased 0.04 percent in January to 98.92, though it remains down 0.96 year-over-year. At 2.49 percent ($0.65) in January, hourly earnings growth has improved each month since August with wages now standing at $26.88. Weekly earnings growth, however, has slipped below two percent as weekly hours worked have declined.
“With a 0.04 percent increase in January, the recent losses seen in small business job growth abated to begin the new year,” said James Diffley, chief regional economist at IHS Markit.
“The uncertainty caused by the government shutdown doesn’t appear to have had a major negative impact on small business hiring, which increased for the first time since May 2018,” said Martin Mucci, Paychex president and CEO. “The job gain is certainly welcome news, but it remains a challenging hiring environment for small businesses given the low unemployment levels.”
Broken down further by geography and industry, the December report showed:
The top region for both employment and wage growth is the West.
Wisconsin is the strongest state for small business job growth; California took over as the top state for wage growth.
Dallas remains first among metros in job growth; Riverside, California is once again the top metro for wage growth.
With a 0.14 percent increase in January, Construction is back above 100 and ranks second among industries in jobs growth.
The complete results for January, including interactive charts detailing all data at a national, regional, state, metro, and industry level, are available here.
Vegans Want Healthy
Brands in the UK should ensure their vegan food products remain healthy to consumers, says GlobalData. As veganism becomes increasingly available in mainstream retail, consumers’ attention inevitably shifts towards how healthy a vegan product is. Brands should address this by reducing sugar and salt levels in processed vegan food, removing allergens and adding ingredients beneficial for the vegan diet, says GlobalData, a leading data and analytics company.
GlobalData’s 2018 Q3 survey found that three percent of consumers in the UK were describing their daily diet as vegan, a moderate figure, but still bigger than the global two percent.
Aleksandrina Yotova, Consumer Analyst at GlobalData, comments: “Growth in the vegan food sector comes mostly from the rise of the number of flexitarian consumers willing to stick to a vegan diet for a period of time or a few days each week.
“This has led to more vegan products being released with a number of major brands and private labels launching vegan options to their line-ups. While these products are better for the animal welfare, not all vegan foods are healthier than the standard options and this is noticed by consumers.”
M&S’s new Plant Kitchen vegan range has been reported to feature allergy related warnings, which not only contradict the vegan nature of the range but also suggest a risk for allergy sufferers. Greggs’ newly popular vegan sausage roll has been reported to have more salt than the original and nearly a gram of sugar, which makes its health benefits debatable.
Yotova concludes: “As consumers want vegan products to be healthier alternatives to meat and dairy, the lack of clarity will be off putting for some. Future trends in vegan food will follow the same philosophy that consumers apply to eating in general: eat whole, real foods with as little processing as possible. Vegan food products will need to keep this philosophy central to their product formulations, as many have been doing for decades.”
Social Media Interaction
Thirty percent of social media users interact on social media at least 10 times per day by either liking, sharing, or posting content, according to a new survey from The Manifest, a business news and how-to website.
Social media is part of people’s everyday routines because it helps people build a community with others around the world.
“Social media has become ingrained in our day-to-day lives,” said Charlotte Chipperfield, founder and CEO of Chipperfield Media. “We use it for more than just sharing personal updates. It’s a way of building a community around our shared interests.”
People Prefer to Post Images on Social Media
People clearly want others to see their photos and memes – images are the only content type that more than half of social media users regularly post.
Nearly 70 percent of users post images, compared to 47 percent who post updates/announcements, 46 percent who post videos, and 42 percent who post opinions.
Images are popular because they are the most likely to capture people’s attention.
“Nowadays, people are in a very fast-paced environment [and] want to consume the most amount of information as quickly as possible, so photography can help that,” photographer Pedro Kin said. “Not many people will stop and read a post.”
Nearly Half of Social Media Users Post Content Daily
Although interacting with other people’s content is important to most social media users, nearly all (94 percent) post their own content, including 42 percent who do so at least once a day. Social media lets people interact beyond their immediate surroundings.
“The average person living in a suburb could live on a little street with very little exposure to the outside world but have a community of thousands of people on social media who are engaged with their posts,” said Joseph Rothstein, account manager at Social Media 55.
Facebook Remains Popular
Reports that people have stopped using Facebook are premature – Facebook is still the most-used social media channel.
More than half (52 percent) of people use Facebook the most often among social media platforms, more than three times the number of people who most often use YouTube (16 percent) and Instagram (14 percent).
Even the most ardent Facebook fans, however, may be spending less time per visit on Facebook because they are visiting other channels.
“Even if people are still clicking on the app or going to Facebook.com on their browser the most, the amount of time they spend on the platform has decreased,” said Andrew Selepak, graduate director of the social media department at the University of Florida. “If I watch a 20-minute YouTube video, I’m probably not spending a 20-minute block on Facebook.”
The Manifest’s 2019 Consumer Social Media Survey included 627 people in the U.S. who use social media at least once per week.
Read the full report here.
Culinary Tourism Market
he global culinary tourism market is expected to post a CAGR of over 9 percent during the period 2019-2023, according to the latest market research report by Technavio. Increase in integrative culinary and cultural events introduced at music and arts festivals offer opportunities to food service providers and other culinary tourism suppliers to get access to the large customer bases. The introduction of food trucks is a critical factor that will boost market growth. These food trucks provide customers with a broad and trendy selection of local flavors. Destination management organizations (DMOs) are also taking note of the growth of different art and festival events, and the role of food in them. Many destinations worldwide have started collaborating with local businesses and celebrated native chefs to promote activities that focus on different types of culinary offerings.
As per Technavio, the growing popularity of sustainable and organic culinary tourism will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global culinary tourism market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Growing popularity of sustainable and organic culinary tourism
Currently, tourists are interested in the origin of food, drinks, and local products. Moreover, with organic culinary tourism being a niche market, especially among European culinary tourists, several culinary tour operators are enjoying a competitive advantage by offering organic food options to these tourists. Thus, with the growth in organic culinary tourism market in regions such as Europe and North America, sustainable and organic culinary tourism is expected to gain popularity during the forecast period.
“Countries such as the US, the UK, Germany, France, China, Australia, and Spain are witnessing an increasing number of travelers, both domestic and international. This is contributing immensely to the growth of the global culinary tourism market. Developing countries, such as Sri Lanka, India, and Mexico, are also upgrading their tourism infrastructure, which is expected to augment the market growth during the forecast period,” says a senior analyst at Technavio.
Segmentation analysis
This market research report segments the global culinary tourism market by type (domestic and international) and geographical regions (Europe, North America, APAC, South America, MEA).
The European region led the market in 2018, followed by North America, APAC, South America, and MEA respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to the growing economies of APAC countries. The increase in the number of travel operators, luxury service providers, and a rising number of exotic spots and destinations will also fuel market growth.
Evolving Snack Food
Once seen as guilty pleasures, snack foods have and will continue to evolve to be eating occasion solutions for a nation of consumers constantly on-the-go, reports The NPD Group in its recently published Future of Snacking report. Americans consumed nearly 386 billion of ready-to-eat snack foods last year, with the vast majority of those eaten between main meals; and snack food growth is happening at most dayparts with more use at meals and as meal replacements.
“Snack foods continue to evolve both as between-meal snacks and as part of main meals,” says David Portalatin, NPD food industry advisor. “Each of these snack food roles is changing in different ways in reaction to Americans’ desire for balance, portable snack foods, and holistic wellness.”
Snack food needs forecast to grow in the near term embody wellness benefits, like snacks with more protein, portability, like single-serve snack foods that fit into busy lives, unique and enjoyment, like unique flavor mash-ups, according to NPD’s Future of Snacking report, which shows what snack food consumption will look like in the future and the opportunities for growth over the next five years. Even indulgent snack foods are staging a comeback by walking a line between health and enjoyment. Low calorie, high protein ice cream is an example of a beneficial snack food. Brands that support moderation as a rationale to indulge are also benefiting, like thinner versions of cookies.
The report also found that consumers snack food choices aren’t limited strictly to flavor. Emerging attributes for snack food consumers are snacks that encompass uniqueness, and sensory elements such as texture, heat, and aromatics.
“Snacking is no longer just about eating when you’re bored or eating for additional sustenance,” says Portalatin. “Today and in the future, snacking is about solving small problems for consumers, and those problems present opportunities for food marketers across a variety of dayparts and needs.”
It seems the traditional three meals a day are facing an evolution in Canada, as new research from Mintel reveals that nearly half (46 percent) of better-for-you (BFY) snackers* feel that it is healthier to snack throughout the day than to eat three large meals. In need of constant fuel, many Canadians have snacks at the ready with two-thirds (65 percent) of BFY snackers believing it’s important to always keep healthy snacks on hand.
Keeping up with their interest in snacking throughout the day, more than half (51 percent) of Canadians agree that they’d like to see more healthy snacks packaged for eating on the go. What’s more, it seems there’s potential for anything to be considered a snack among younger consumers, as 45 percent of Canadians aged 18-24 are interested in snack-sized portions of regular foods as compared to 31 percent overall.
“Snackers today are looking for ways to satisfy cravings that fit in easily with an increasingly on-the-go lifestyle. The good news is food manufacturers and foodservice providers need not start from scratch. As many consumers have adopted the notion that anything can be a snack, companies can appeal to those looking for better-for-you snacks by rethinking packaging to make items more portable rather than reinventing the wheel. This is especially crucial for foodservice vendors in particular as consumers aged 18-24 are the most likely to dine out, yet also feel the financial impact of it. This highlights an opportunity to offer smaller serving sizes of their dishes at lower price points to appeal to this group,” said Carol Wong-Li, Associate Director, Lifestyles and Leisure Reports, at Mintel.
Younger consumers prioritize protein
As consumers look to make better choices for themselves, it seems fresh and less processed snacks are coming out on top as fresh fruit and vegetables (84 percent) are the nation’s top better-for-you snack of choice, followed by cheese (79 percent), nuts (69 percent) and popcorn (60 percent). In fact, Mintel research shows the snack innovation that consumers are most likely to say they would like to see more of is products made from fresh ingredients (55 percent).
While fresh snacks are winning out, younger consumers are placing power in protein to keep them full. Three in 10 (30 percent) consumers say they eat meat snacks, with younger snackers aged 18-34 the most likely age group to agree (41 percent). Although just 16 percent of consumers say they are interested in snack bars made with meat, one third (32 percent) of men aged 18-34 are keen to see more of this type of offering.
Following the growing flexitarian movement, it seems that plant-based has potential when it comes to better-for-you snacking as three in 10 (29 percent) consumers say they are interested in snacks made with plant-based protein, rising to four in 10 (39 percent) among women aged 18-34.
“Protein is a key area of interest for younger Canadians when it comes to innovations in healthy snacks, but men and women differ when it comes to the actual source of protein they prefer. While young women show interest in plant-based proteins, men are more likely to turn to meat. This may stem, in part, to the different approaches taken to snacking. Younger women tend to snack because they are too busy to eat meals, whereas young men usually do so as a way to refuel after exercise. Marketers looking to promote plant-based proteins will see success by focusing on how these ingredients work to keep consumers fuller longer, while brands promoting meat can focus on how the quality of the meat protein contributes to muscle building, recovery and/or development,” said Wong-Li.
Healthfulness of BFY snacks comes into question
While Canadians are keen to enjoy healthy snacks, there are significant concerns. Nearly three-quarters (73 percent) of BFY snackers believe that many snacks marketed as healthy are not actually healthy, with just 41 percent saying they trust the health claims on food and beverage packaging. And for many, there’s confusion when it comes to making a healthy snack choice, as half (49 percent) say it is hard to tell if a snack is healthy.
“Many consumers today have difficulty determining the healthfulness of snacks and hold a general distrust of claims on food and beverage packaging. This may be drawing them toward choosing fresh and less processed snacks, rather than processed and/or packaged ones. Marketers can boost perceptions of healthfulness of their products by highlighting whole and/or fresh ingredients the products include and featuring clear packaging to both showcase the ingredients and offer transparency,” concluded Wong-Li.
Allergan Confusion
Allergen food labels are a source of confusion for today’s Brits according to latest research from Mintel, as only 37 percent of consumers agree that it is easy to identify which allergens a product is free from by its label.
While pre-packaged goods are legally required to highlight on-pack the presence of any allergens, almost half (48 percent) of Brits are unsure whether or not allergen labels are clear, and a further 15 percent actively disagree that this is the case.
Meanwhile, a UK-wide allergen labelling system on free-from product packaging appeals to 29 percent of those who have bought/used free-from products, a figure which rises to 39 percent of those users who avoid foods/ingredients because of an allergy or intolerance.
Estimated to be worth £837 million in 2018, the UK free-from market has seen stellar growth over 2013-18 with sales growing by 133 percent over this time period.
Emma Clifford, Associate Director of Food and Drink at Mintel, said, “Potential changes to allergen labelling has received a lot of high profile media coverage recently, with speculation that the Government is planning to introduce new changes following the death of Natasha Ednan-Laperouse, who died after suffering an allergic reaction to a Pret baguette. Given the perceived lack of clarity and the dangerous health implications that ambiguous allergen labelling can have on consumers, there is a real need for companies to make the presence of allergens very obvious on labelling.
“While current regulations require allergens to be listed in bold on the ingredients list, many companies choose to highlight certain free-from credentials on the front of packaging as well. At the moment this is not regulated and as such, there is no uniformity between the labelling used, which can fuel confusion among consumers, particularly given the huge amount of other product information on packaging. There is strong demand for a UK-wide labelling system for allergens which would unify the way in which companies communicate this information on packaging.”
According to Mintel, just under half (48 percent) of consumers say that they, or someone in their household, avoid at least one food/ingredient, with 16-24-year-olds (61 percent) the most likely age group to report household avoidance of foods/ingredients. Overall, there has been no significant change in the share of UK consumers that avoid certain foods or ingredients over the past year.
Perhaps surprisingly, only 20 percent of consumers (or other members of their household) avoid certain ingredients due to an allergy or intolerance, which is on a par with those who do so as part of a healthy lifestyle (22 percent). Of those who have eaten/drunk free-from foods, 28 percent do not avoid any foods/ingredients.
Meanwhile, three in ten (30 percent) Brits avoid certain foods/ingredients for other reasons (eg ethical, vegetarian) rising to 38 percent of under-25s and 41 percent of females in this age group.
While dairy is the most commonly avoided food/ingredient (17 percent), avoidance of dairy has remained unchanged over the last three years. Soya (16 percent), fish or shellfish (16 percent), red meat (15 percent) and lactose (15 percent) make up the top five foods/ingredients which Brits avoid.
“Allergies or intolerances aren’t the main reason that consumers are avoiding certain foods or ingredients. Healthy lifestyles and ethical and environmental concerns are also boosting the appeal of these products, with young consumers in particular most likely to be driven by these factors.
“The fact that as many as a quarter of free-from purchasers do not avoid any foods/ingredients reflects that the pool of free-from users is far wider than just those who fully avoid certain ingredients, either due to allergies/intolerances or for other reasons.”
Gluten-free is most commonly bought free-from food
Gluten-free products remain the nation’s most popular type of free-from food with 27 percent of consumers having purchased or eaten these over six months, despite only 12 percent of consumers reporting that they or somebody else in their household avoid gluten.
Meanwhile, a quarter (23 percent) of consumers have purchased dairy substitutes, while 19 percent have bought dairy-free foods.
A quarter (26 percent) of consumers say free-from diets are good for digestive health, but 44 percent say that it is hard to know whether they have health benefits for those without an allergy or intolerance. A further 40 percent worry that following a free-from diet puts you at risk of missing out on certain nutrients.
“The idea that following a free-from diet could potentially put people at risk of missing out on certain nutrients is a concern for a significant number of consumers. Gluten-free products carrying nutrient fortification claims are not widespread in the UK market, suggesting a missed opportunity. While highlighting the absence of allergens is vital, spotlighting nutritional credentials is also important for free-from products, particularly to appeal to those opting for these products as part of a healthy lifestyle.
Evolving Artisan and Specialty Cheese
The artisan and specialty cheese industry is evolving, according to the American Cheese Society’s (ACS) newly released reports from its State of the U.S. Artisan/Specialty Cheese Industry Survey. There are nearly 1,000 artisan and specialty cheesemakers in the U.S., researchers found, a number which has increased significantly over past decades. Seventy-six percent of cheesemakers reported annual cheese production of 50,000 pounds or less, indicating that this growing industry largely consists of smaller businesses.
Cheese continues to top U.S. specialty food sales at more than 4 billion dollars in 2017, according to the Specialty Food Association. Yet the artisan and specialty cheese industry is not without challenges – despite overall growth, just 80 percent of cheesemakers operated profitably in 2017, and average profit margins were slim. Ninety-two percent of cheesemakers reported that maintaining profitability is an area of concern. Unsurprisingly, cheesemakers that reported a higher production volume averaged higher gross revenue. However, strong revenue doesn’t necessarily translate to profit. The higher the cheesemaker’s gross revenue, the lower the profit margin on average – evidence that bigger isn’t necessarily better in the artisan and specialty cheese industry.
“Cheesemakers put an incredible amount of passion into creating their products, and these in-depth surveys show just how challenging that work can be,” says ACS Executive Director Nora Weiser.
Oyster Sauce Market Forecast
The global oyster sauces market is expected to post a CAGR of over four percent during the period 2019-2023, according to the latest market research report by Technavio.
The penetration of pre-made meals and online grocery home delivery services have reduced restaurant visits and expenditure at food-service outlets among cost-conscious consumers. Furthermore, with ready-made recipes available, oyster sauce is a critical ingredient in many fast food dishes. Cooking shows are also encouraging people to experiment and cook at home. Moreover, increasing awareness of healthy eating habits, is leading to the growing preference and propensity for home cooking, which will increase the demand for oyster sauce during the forecast period.
As per Technavio, the increasing innovations in packaging will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global oyster sauces market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Innovations in packaging
Packaging plays a crucial role in the sale of oyster sauce as it helps retain the flavor, taste, quality, and texture. Packaging is a brand extension of the product and is a crucial factor that influences the purchase decision of consumers. Therefore, several major companies are collaborating with packaging manufacturers to develop advanced packaging technologies and attract consumers. The shelf life of oyster sauce shelf life depends on the ingredients, production methods, and packaging method. Manufacturers are also offering oyster sauce in small, convenient packets.
“Apart from the innovations in packaging, the increasing number of product launches, growth in the retail landscape, and increasing oyster production are some major factors that are expected to boost the market during the forecast period,” says a senior analyst at Technavio.
Segmentation analysis
This market research report segments the global oyster sauces market by end-user segment (retail and foodservice) and geographical regions (APAC, North America, Europe, South America, and MEA).
The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. However, during the forecast period, the North American region is expected to register the highest incremental growth due to the growing popularity of the Asian cuisine and many Asian vendors expanding their businesses to increase their market share in the region.
MRM Research Roundup: End-of-January 2019/Super Bowl Edition posted first on happyhourspecialsyum.blogspot.com
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Vizag, the port city is located along the shores of bay of Bengal (India) and headquarters to the eastern navel command of the Indian army/navy. In ancient times this city was ruled by famous kings like Ashoka the great, sri krishna devaraya etc. In 18th century,it was a Dutch colony, where as Vizag is known for its natural beauty and cleanliness. It is surrounded by three hills called venkateswara konda(hill), Ross hill and Dargah konda(hill). The interesting fact here is the three hills represent three different religions hence replicates the unity in diversity of Indian sub contenent .Venkateswara konda is home for venkateswar Temple( the Hindu god), Ross hill houses the Church of Mary and Dargah konda is home to the tomb of a Muslim saint called Baba Ishaq Madina dargah. This fastest growing city of Asia is blessed with a natural harbor and it is one of the largest sea-ports in India. Sea trade is made possible with other countries and continents which boosts to the economy of the nation. The service sector contributes 55percent of total GDP of vizag, 35 percent from industrial sector and 10 percent from agriculture. As this city not only a place for business lovers but also a loved destination for footloose travelers
Araku valley:
It is located at a height of 3200 feet in the midst of hills of anantagiri. It is a beautiful hill station.The pleasent climate,the rainbow creating waterfalls and green landscape offer a memorable escape from the city life for the nature lovers.
Araku valley is home for 19 different tribes. Dhimsa dance is a kind of folk dance to rhythmic beats with colorful costumes is found in this place only. Itika pongal is a popular festival celebrated in this region every year in the month of January second-third week
Accommodation in Araku
Valley resort:
This resort is a yatra nivas ( a tourist lounge) which offers air conditioned suits ,non ac suits and deluxe rooms. It is in the midst of peaceful and well landscaped gardens to relax and proves to be a best holiday spot.
Haritha mayuri:
This resort has a wonderful craft centre which is worth exploring. It has suits, delux rooms with and without AC.
Borra caves:
These are located in the Anantagiri area above 1400 meters above sea level. Borra caves has both religious and historical importance.It is the home of lord Shivalinga idol of kamadenu. This idol is located deep inside the caves. It is believed that these caves are about one Million years old.
Kailasagiri hills:
This is a popular hill station and a popular tourist destination in Vizag city. It offers an inspiring view of bay of bengal and is a home to rushikonda beach. The huge park called Floral watch is one of the worth seeing places, this is is shaped like a watch and is totally covered with grass.
Massive statues of lord Shiva and goddesses Parvati made of white marble are the center of attraction in Kailasagiri. There is a cable car service being provided that allows visitors to access the hill via ropeway and offers stunning view of the city from the cab.
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Ramakrishna beach:
This is known for its pristine sands and Crystal clear waters from the bay of Bengal. The beach is perfect for catching mesmerizing sun raises. This beach is home to the kali temple, vuda park and submarine museum. There is a war memorial called victory at sea,which is dedicated to the memory of the brave soldiers who sacrificed their lives during Indo-pak war in 1971(submarine museum)
Submarine museum:
One of the innovative attractions of the city is the submarine museum. It is located at ramakrishna beach and is inside of a real submarine. Ins Karusura is a Soviet built submarine which was decommissioned on February 28, 2001 after serving for 21 years. The submarine with all its weapons and tools were hauled on the Beach as a museum. This museum is worth seeing gives a different experience.
Dolphin’s nose and the port:
It is a huge rockey headline of hill and is of 174 meters in height. It is located to the southern part of vizag. It is 358 meters above the sea level, which got its name because of its resemblance to a dolphin’s nose. Over this rock formation,there is a huge light house,whose beam can be seen far away out in the sea and about 64 kilometers from land,this is the oldest light house.
Simhachalam:
It is a south indian Hindu temple situated on the hill,which is 800 meters above the sea level and 10 miles to the north of Vizag. According to the Temple’s legend lord Vishnu manifested in this peculiar form with a boar head human and a Lion’s tail, after saving his divotee prahalada from a murder attempt by the latter father Hiranyakashepa ( according to Hindu mythology). Except on akshaya tritiya(a holy day) ,this idol is covered with sandle wood paste which make the idol look like shivalingam.
Ananthagiri:
This place is known for waterfalls, which is 11 kilometers from borra caves between borra and araku.
Matsyadarshini aquarium:
It is a beautiful aquarium with countless species of fresh and salt water marine life captured in glass tanks.
Indiragandhi zoological park:
This is located in kambalkonda reserve forest in vizag. This park offers more than 80 species of mammals, birds and reptiles. The zoo park has divided sections for carnivorous, small mammals, birds and reptiles.
Buddhist excavation:
Havi konda(Hill), totla konda, bojjana konda and salihundam located around were places of budhist excavations.The excavations in 1906 brought out many monuments.
Katiki waterfalls:
It is located 4 kilometers away from borra caves. Gosthana river is the source for this waterfall which falls from a height of 50 feet.
Vuda park:
It has 2500 odd tress spread across 37 acres of land and is rich with greenery. This promotes healthy environment and serves as a children play area , yoga center and many more out door activities.
Red sand hills:
It is a best shooting place for movie makers. The hills are with red soils and are nearer to bay of Bengal. This place is full of dense forest.
Industrial growth:
Vizag has now turned out to be a major industrial center in the entire south India. Many major and minor industries are located here and some big companies from all around the world are in process of establishment of their development centers (manufacturing) here soon. Since it has a natural harbor it promotes international trade which shows its positive ground in industrial sector.
Vizag steel plant:
It is an integrated steel producer in vizag. This company has grown from a loss making industry to a 3 billion dollars turnover company with in a span of 4 years. It was founded in 1971, focused on value added steel,with a turnover of 214000 tonnes produced . Indiragandhi(former PM) laid the foundation stone for the plant. A detailed plan for the plant was prepared in 1980. In 1981 a contract was signed with USSR for preparation of working drawing of coke ovens, blast furnace and sinter plant. In 1982,construction of local township started.This steel plant was separated from SAIL(Steel Authority India Limited) and RINL was made the corporate entity of visakha(Vizag) steel plant in April. Vizag steel plant is the only Indian shore based steel plant and is located on 33000 acres area.
Hindustan shipyard limited:
This shipyard is located in Vizag on the east cost of India. It is a government owned corporation,founded in 1941 and this provides services of ship building, ship repair and submarine. The shipyard is relatively compact at 46.2 hectares. It is equipped with plasma cutting machines, steel processing and welding facilities, cranes, logistics and storage facilities. It has testing and measuring facilities and has a covered building dock for vessels up to 80000DWT. There are three ship ways and a fitting out jetty. HSL has a dry dock ,west basin and repair wing for ship and submarine repair.
Visakhapatnam port:
It is one of the largest cargo handling ports in India. It can handle 150000DWT vessels and draft upto17M. The port during 2013-14 period handled 58 million tonnes of cargo and also a cape size vessel in the outer harbor. The inauguration of the gangavaram port has lead to a significant diversion of traffic away from Vizag port.It has the capacity of accommodating ocean liners of 200000-250000DWT.
Jawaharlal nehru pharma city:
It is a public private partnership between government of AP(Andhra Pradesh-Indian State) and Ramky group. It is the first industrial township in India ,spreading over an extent of 2400 acres with 102 companies.
Minerals and resources:
Vizag and its surrounding areas are rich in mineral deposits of quartzite, bauxite, graphite, manganese, titanium,silica. These minerals are exported through sea to other countries.
Ilminite which is uses for extraction of thorium and monozite used for extraction of thorium are found at bheemunipatnam area of Vizag
Petro corridor:
Vizag holds crude oil reserves with Hindustan petroleum corporation. IOC and BPCL have their bottling units in the city.
Power plant:
Simhadri super thermal power plant is a coal based power plant under the ownership of NTPC limited. Hindujas has begun construction of a 1040mw coal based thermal power plant in vizag.
Education Hub:
There are several schools ,colleges and universities to provide quality education.
Andhra university:
It is a prestigious university. Its motto is “may the divine light illuminate our studies”. This was established in1926 by the Madras university act to serve entire region of Andhra Pradesh. Its founder vice Chancellor was CR Reddy and Sarvepalli Radhakrishnan as the second vice Chancellor. Maharaja(King) of vizayanagaram donated lands for the establishment of University. This is a university campus is 422 acres with 121 buildings for academic and administration with 324 staff quarters. The university contain two sections- south campus and north campus.The south campus is for arts,humanities , science department and administration block.The North block is for engineering college. This university has four constituent colleges.The college of arts and commerce is the biggest constituent with 28 departments offering 55 courses. The college of science and technology has 19 departments and offers 44 different courses. The college of engineering has 16 departments including UG and PG programmes. The law college has been identified as a advanced center in law by University grants commission. The University also has a school of distance education with 32 study centres across the state.The campus has 19 hostels for men and 4 hostels for women. There is accommodation facility for staff available within the campus. There are 340 staff quarters.It also has three health centers.
Government has been providing fee reimbursement to the students who are economically backward towards their studies.
GITAM(gandhi institute if technology and management):
It was established in 1980 and was affiliated to AU . In 2007 it was conferred the status of deemed university. It was the first private engineering institute to receive University status. The main campus spreads over170 acres. Its motto is “Strive Serve Thrive”. The campus has 3 main food canteens ,a multipurpose outdoor ground,indoor facilities for badminton and table tennis and a gym. It also has schools like GITAM institute of technology, institute of science,management, institute of international business, institute of pharmacy, school of law, institute of medical sciences and research, School of nursing,centers for distance learning,school of gandhian studies.
Indian maritime university:
It was previously known as NSDRC . Research at IMU is nurtured through academic programmers run by the department and through sponsored research and consultancy projects funded by national organizations and industry. Its library is regarded as one of the best maritime libraries in India. It aims at developing documents that are useful for faculty, students, ship designers and research scholars. It has a collection of 40000 documents consisting of books and manuals,ship drawing, projects and equipment catalogues.
Damodaram sanjivayya national law univesity:
It was established in 2008.It offers five year BALLB course to eligible students based on common law admission test centralized admission process.Its motto is-“act dharma and thus get victory”.
Indiragandhi national open University:
This was established by an act of parliament in 1985 for an inclusive knowledge society through inclusive education.This university offers 227 academic programs through 67 regional centers .The online admission procedure for these courses usually commence in the month of February.For admissions, candidates are shortlisted for admission bases on the marks obtained in qualifying degree. For some specific courses there may be an entrance examination.For management courses entrance tests are held twice in a year.
Aloysis high school:
It is the oldest school in AP built in 1847 .Besides there are many educational institutes to mould children to the best citizens . They not only concentrate on academics but also on extracurricular activities like sports, dance ,songs.Their first motto is discipline.
Vizag is also known as city of destiny. King of Andhra being mesmerized by the beauty of god visakha and her eternal form, face and skin than he named the city as visakhapatnam. It hosts various culture and rituals within the the city.
Languages:
Due to various employment options through public ,private and government sectors,people from different parts of the country migrate to Vizag. Telugu being the primary language spoken in the city, many people speak Hindi and English as well. Large number of Tamilians, Malyalis, Oriyas, Bengalis settled in Vizag.
People:
Hinduism being the majority followed religion. Islam, Christianity and sikhism are also followed in the city.People respect one another’s religion and actively take part in others’ cultural activities. There is a feel of brotherhood among people here.
Art of dance and music:
Vizag is the center for art. People here give more importance to Karnatak music and dance forms. Kids are accustomed to the dancing and singing as inherited from their households. A great effort is put in learning various classical dances like bharatanatyam and kuchipudi etc. Drama is another value added to the city’s culture. Skits from Mahabarata and Ramayana are showcased to increase moral values among people and to maintain a fear in people’s minds from committing mistakes.
Besides these hilly tribes perform local dance Dhimsa in their local festivals,they play instruments like mori, tumbura and dappu. They wear their traditional costumes with pride.This depicts the culture from the ancient era. Festivals here cant be limited as we explore more festivals and share. As the city is with clean beaches,often beach festivals are organized here from time to time. Different stalls are kept and many people do visit them during evenings and refresh themselves with the view of the beach while enjoying the taste of marine food.
All together why Vizag is the question asked.
The answer is.. it has the power of ample business opportunities , beauty of nature for tourism, vast knowledge generators like the universities and a diversified yet mingling culture and heritage and finally friendly people… so why are you waiting have a visit to the steel city VIZAG and add value to your new business and tourism all at one place
Why Vizag!!! Vizag, the port city is located along the shores of bay of Bengal (India) and headquarters to the eastern navel command of the Indian army/navy.
#business opportunities in vizag#how to settle in vizag#things to do in vizag#what is Vizag#what should i do in vizag
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UPS/Greenbiz Survey Finds Businesses Are Concerned About Impacts of Urbanization
A new study from UPS (NYSE:UPS) and GreenBiz Group reveals nearly all companies (95 percent) surveyed are concerned about how urbanization will impact business growth and sustainability. However, according to The Road to Sustainable Urban Logistics survey, only 47 percent feel prepared to address the associated business challenges. Further, respondents cite air quality (58 percent) and traffic congestion (53 percent) as top concerns over other urban challenges. And 65 percent of respondents believe insufficient collaboration across sectors, including government, is a key barrier to well-managed logistic operations in urban areas.
The full research findings will be explored in depth at the GreenBiz VERGE conference in Santa Clara, California, beginning next Tuesday, September 19th.
“This research clearly highlights the complexity of logistics operations in urban environments,” said Mark Wallace, senior vice president, global engineering and sustainability. “Increased urbanization and congestion make logistics far less predictable and harder to manage. Without implementing innovative solutions supported by technology and logistics ingenuity, we run the risk of increasing congestion and emissions – we need solutions, and collaboration is the key.”
The movement of goods is an essential function to support businesses and residents, and a fundamental source of economic growth in cities. Access to e-commerce is part of what makes alternative transportation modes and walkable urbanism a viable choice. At the same time, transportation and delivery can contribute to pollution and gridlock, and can be challenging for companies both large and small to manage sustainably. When asked how the rise in e-commerce, increased urbanization and congestion have affected how they conduct business in urban areas, 81 percent of survey respondents noted some form of impact on their business, such as the ability to meet e-commerce customer expectations (33 percent), make deliveries to retail locations (32 percent), and meet city requirement for emission levels (31 percent).
According to UN projections, continuing population growth and urbanization are projected to add 2.5 billion people to the world’s urban population by 2050. The study offers insights on strategies and pilot projects being explored to better manage the movement of goods in cities, now and in the future. The results point toward data-driven technologies that increase efficiencies and reduce traffic, renewable and alternative energy and fuels that help address air quality issues, the accurate measurement and management of carbon emissions, and supply chain optimization – all strategies being deployed by UPS worldwide. The real difference-maker, though, isn’t any single piece of technology. It’s the commitment to partner with cities, academics, and other business leaders to develop solutions together.
“While progress is certainly underway, no one entity can tackle the challenge of building and implementing the future needs of sustainable cities,” said John Davies, GreenBiz Group’s vice president and senior analyst. “Smart collaborations, continued research and investments in infrastructure will remain critical to meet the logistical and environmental demands cities face. Driving policy discussions and decisions based on data is essential to ensuring operational efficiencies for companies and preserving a desirable quality of life for city dwellers.”
The majority of survey respondents (63 percent) believe businesses’ role is critical to accelerating, piloting and adopting innovative approaches to creating more sustainable urban environments. And an overwhelming 72 percent want to work closely with city officials to do so.
“No two cities are alike,” concluded Wallace. ”Yet, we’ve found that there’s common ground. We’re able to take the knowledge we’re gathering as we work with cities across the globe and apply it to each new city that joins us in partnership to address this issue.”
For full research study results and to download the white paper, visit ups.com/sustainability.
About the Research Study
The 2017 UPS/GreenBiz The Road to Sustainable Urban Logistics Research Study provides insights into the business challenges associated with logistics in an urban environment and the opportunties to contribute to a more environmentally sustainable city center.
The 2017 UPS and GreenBiz Sustainable Urban Logistics Research Study presents the findings of qualitative research, along with an online survey conducted by GreenBiz Group in June 2017 among a sample of 612 respondents within the GreenBiz Intelligence Panel. The margin of error is ± 4 percent at a 95 percent level of confidence.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. UPS is committed to operating more sustainably – for customers, the environment and the communities we serve around the world. Learn more about our efforts at sustainability.ups.com. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at ups.com® or pressroom.ups.com and its corporate blog can be found at Longitudes.ups.com. To get UPS news direct, follow @UPS_News on Twitter.
source: http://www.csrwire.com/press_releases/40373-UPS-Greenbiz-Survey-Finds-Businesses-Are-Concerned-About-Impacts-of-Urbanization?tracking_source=rss
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Aerospace Maintenance Chemicals Market Share - Growth, Analysis, Demand, Size, Trends, Overview and Forecast 2024
Key Players:
The Leading Market Players identified in the Global Aerospace Maintenance Chemicals Market Share are 3M (U.S.), Aerochemicals (France), Arrow Solutions (England), Henkel AG & Co., KGaA (Germany), Aviation Chemical Solutions (U.S.), Exxon Mobil Corporation (U.S.), Callington Haven Pty Ltd. (Australia), Hansair Logistics Inc. (U.S.), Florida Chemical Supply, Inc. (U.S.), Eastman Chemical Company (U.S.), Nexeo Solutions (U.S.), KLX Inc. (U.S.), Krayden, Inc.(U.S.), Royal Dutch Shell (Netherlands).
Segmental Analysis:
The Global Market for Aerospace Maintenance Chemicals has been segmented by Nature, Product, Application, Aircraft, and Region.
Based on Nature, the market for Aerospace Maintenance Chemicals has been segregated into organic and inorganic.
On the basis of Product, the Aerospace Maintenance Chemicals Market has been segmented into aircraft leather cleaners, aircraft cleaning chemicals, aviation paint removers, aviation paint strippers, aircraft wash and polishes, aluminum brighteners, degreasers, specialty solvents, and others.
The Applications of the Aerospace Maintenance Chemicals in the market are for aircraft parts and MRO.
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The various forms of Aircraft in the Aerospace Maintenance Chemicals Market are business, commercial, general, helicopter, military, spacecraft, and others.
Market Analysis:
According to the latest report by Market Research Future (MRFR), Global Aerospace Maintenance Chemicals Market is expected to acquire a significant valuation at a striking CAGR over the forecast period.
The growth of the market for Aerospace Maintenance Chemicals is expected to be driven by the rise in the stringent regulations by government agencies across the globe regarding safety and environmental concerns. The growing complication of airframes, engines, and systems, is consequential in the augmented need for maintenance, repair, and overhaul (MRO) of aircraft, which include composite repair, engine maintenance, routine inspection, and thus, increasing the demand in the Global Aerospace Maintenance Chemicals Market over the forecast period. The massive need for MROs is consequently is fuelling market growth. Growing air traffic, along with the increasing number of air trips per day, is further driving market growth. The growing commercial aviation sector, coupled with the growing number of people traveling by air is resulting in lesser prices, is driving the Global Aerospace Maintenance Chemicals Market. Additionally, increasing research and development investments in the commercial aviation sector by chief market players such as Airbus and Boeing are likely to enhance market growth.
Regional Analysis:
North America has been accounted for the largest market share of the Aerospace Maintenance Chemicals Market owing to the growing aerospace industry in the region. The U.S. and Canada are the major providers of Aerospace Maintenance Chemicals Worldwide as a result of the augmented production of aircraft in the region. Furthermore, increasing investments in defense aircraft to reinforce the nation’s military proficiency is also likely to propel market growth over the review period.
Browse Key Industry Insights spread across 100 pages with 58 market data tables & 15 figures & charts from the report, “Aerospace Maintenance Chemicals Market Information: By Grade (Food, Pharmaceutical, Cosmetic), Application (Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Agriculture/Animal Feed) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2024” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/aerospace-maintenance-chemicals-market-6205
Europe is a significant market for Aerospace Maintenance Chemicals and is likely to retain its leading market share over the forecast period. This is credited to the presence of crucial market players in the region, especially in the aerospace & defense industry. The consumption of the product has risen significantly in the UK, which is a major contributor to the market share in the region over the review period.
The Asia Pacific region is the fastest-growing region in the Global Aerospace Maintenance Chemicals Market owing to the augmented demand for passenger aircraft in the emerging economies such as China, India, and Thailand. Additionally, the thriving tourism industry is expected to fuel the market growth in the region over the evaluation period.
The Latin American market for Aerospace Maintenance Chemicals is expected to witness considerable growth over the assessment period. This is attributed to the growing aerospace industry in emerging economies such as Brazil, which is one of the largest manufacturers of commercial aircraft in the region, resulting in market growth during the forecast period.
The Middle East & Africa region is expected to witness substantial growth during the review period owing to the growing aviation industry in Oman, and Saudi Arabia, and the United Arab Emirates (UAE).
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact: Market Research Future +1 646 845 9312 Email: [email protected]
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GS1 UK - Buying British in 2017
About GS1 UK
GS1 UK is a community of over 31,000 members working in retail, healthcare and more. We’re one of 112 independent, not-for-profit GS1 organizations operating across 150 countries worldwide. We help businesses automate and standardize their operations, supply chains and data through the common language of GS1 global standards.
The rise of small British firms
The Brits love an underdog story – think Eddie the Eagle or Susan Boyle – with former non-league footballer Jamie Vardy spearheading Leicester City to an unlikely title triumph last season, being the most famous recent example. But this affinity to the unlikely hero isn’t limited to the sporting arena, with shoppers just as likely to back the small guy at the checkout.
Google may own the fairytale narrative of huge companies that started from a garage, but there are similar success stories this side of the pond too, such as Dyson and Virgin. And while there will always be some products and services we are happy to go to major multinationals for, supporting the local start-up remains high on the agenda too. There will always be products that consumers are agnostic about their provenance – or may only be able to obtain from international companies – but increasingly people want their food, drink and clothing to have fewer air miles.
GS1 UK membership statistics bear this out, in that more modest-sized new joiners are joining than previously. Before 2015, 58% of the overall membership base had a turnover of £500,000 or less, but in 2015/16, this rose to 78%, suggesting a shift towards smaller businesses. GS1 standards help businesses automate and standardize their operations, supply chains and data which enables them to expand and grow. They usually join GS1 UK at the start of their journeys, making these statistics all the more pertinent.
GS1 UK membership by industry
Businesses from more than 20 industries constitute GS1 UK’s 31,000-strong membership, with those from the food and grocery sector accounting for the largest single percentage (20%). It remains one of the fastest growing sources of new members too, with 12% of joiners in 2015/16 originating from this sector.
The apparel industry was the most significant source of new joiners in 2015/16, with 21% of companies coming from this field, pushing their total beyond 4,000.
Drinks and beverages account for a relatively small percentage of overall members, but the rate at which they are joining GS1 UK has increased significantly. Manufacturers in this space represent 3% of new joiners in 2015/16 swelling their ranks by 41% from 316 to 447 over the 12-month period.
Along with food, drink and apparel, another area that has considerably grown its proportion of membership – and remains a healthy export market – is health, beauty and cosmetics. It accounts for 6% of total companies overall, but represented 11% of new members in 2015/16 meaning it increased its real numbers by almost a third from 1,366 to 1,776.
GS1 standards are used by all leading online marketplaces
All major online marketplaces – including Amazon, eBay and Google Shopping – now use GS1 standards to help manage their product catalogues. Andonline sellers use GS1 standards to uniquely identify all their products. This makes it easier for online shoppers to find, compare and buy what they’re looking for, which means happier customers – and more sales.
GS1 standards make it possible to trace every step in a product’s lifecycle
– from source to consumer
GS1 standards enable traceability and visibility in the supply chain. Retailers and manufacturers track and trace materials from source to the final finished product. Knowing exactly where goods are at any point in time (or where they have been) and when they are scheduled to arrive is critical. It’s this sought-after visibility that is enabled by using GS1 standards. Traceability can also help reduce waste, help fight counterfeiting, enable targeted and effective recalls and help consumers be informed on key product attributes – such as ingredients and allergens.
GS1 standards help brands, logistics partners and retailers deliver
GS1 standards make logistics easier and more effective by driving efficiencies, improving product flow through the supply chain and of course by improving the customer experience through increased product availability. Customers are increasingly expecting to seamlessly research, purchase and interact with the products they want to buy, no matter where they shop. GS1 standards help meet the challenges of omnichannel commerce and satisfy consumer demands and expectations before, during and after purchase – whether they’re shopping online, in-store or via mobile.
GS1 UK’s unique position, as a conduit for British businesses to trade, offers us valuable insight into trends and patterns in consumer behaviour. Our management data adds further weight to the argument that consumers are now becoming more domestically focussed when it comes to their spending habits.
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Aerospace Maintenance Chemicals Market Size - Overview, Trends, Growth, Share, COVID-19 Analysis, Insights, Scope and Outlook 2024
Key Players:
The Leading Market Players identified in the Global Aerospace Maintenance Chemicals Market Size are 3M (U.S.), Aerochemicals (France), Arrow Solutions (England), Henkel AG & Co., KGaA (Germany), Aviation Chemical Solutions (U.S.), Exxon Mobil Corporation (U.S.), Callington Haven Pty Ltd. (Australia), Hansair Logistics Inc. (U.S.), Florida Chemical Supply, Inc. (U.S.), Eastman Chemical Company (U.S.), Nexeo Solutions (U.S.), KLX Inc. (U.S.), Krayden, Inc.(U.S.), Royal Dutch Shell (Netherlands).
Segmental Analysis:
The Global Market for Aerospace Maintenance Chemicals has been segmented by Nature, Product, Application, Aircraft, and Region.
Based on Nature, the market for Aerospace Maintenance Chemicals has been segregated into organic and inorganic.
On the basis of Product, the Aerospace Maintenance Chemicals Market has been segmented into aircraft leather cleaners, aircraft cleaning chemicals, aviation paint removers, aviation paint strippers, aircraft wash and polishes, aluminum brighteners, degreasers, specialty solvents, and others.
The Applications of the Aerospace Maintenance Chemicals in the market are for aircraft parts and MRO.
The various forms of Aircraft in the Aerospace Maintenance Chemicals Market are business, commercial, general, helicopter, military, spacecraft, and others.
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Regional Analysis:
North America has been accounted for the largest market share of the Aerospace Maintenance Chemicals Market owing to the growing aerospace industry in the region. The U.S. and Canada are the major providers of Aerospace Maintenance Chemicals Worldwide as a result of the augmented production of aircraft in the region. Furthermore, increasing investments in defense aircraft to reinforce the nation’s military proficiency is also likely to propel market growth over the review period.
Europe is a significant market for Aerospace Maintenance Chemicals and is likely to retain its leading market share over the forecast period. This is credited to the presence of crucial market players in the region, especially in the aerospace & defense industry. The consumption of the product has risen significantly in the UK, which is a major contributor to the market share in the region over the review period.
The Asia Pacific region is the fastest-growing region in the Global Aerospace Maintenance Chemicals Market owing to the augmented demand for passenger aircraft in the emerging economies such as China, India, and Thailand. Additionally, the thriving tourism industry is expected to fuel the market growth in the region over the evaluation period.
The Latin American market for Aerospace Maintenance Chemicals is expected to witness considerable growth over the assessment period. This is attributed to the growing aerospace industry in emerging economies such as Brazil, which is one of the largest manufacturers of commercial aircraft in the region, resulting in market growth during the forecast period.
Browse Key Industry Insights spread across 100 pages with 58 market data tables & 15 figures & charts from the report, “Aerospace Maintenance Chemicals Market Information: By Grade (Food, Pharmaceutical, Cosmetic), Application (Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Agriculture/Animal Feed) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2024” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/aerospace-maintenance-chemicals-market-6205
The Middle East & Africa region is expected to witness substantial growth during the review period owing to the growing aviation industry in Oman, and Saudi Arabia, and the United Arab Emirates (UAE).
Market Outlook:
According to the latest report by Market Research Future (MRFR), Global Aerospace Maintenance Chemicals Market is expected to acquire a significant valuation at a striking CAGR over the forecast period.
The growth of the market for Aerospace Maintenance Chemicals is expected to be driven by the rise in the stringent regulations by government agencies across the globe regarding safety and environmental concerns. The growing complication of airframes, engines, and systems, is consequential in the augmented need for maintenance, repair, and overhaul (MRO) of aircraft, which include composite repair, engine maintenance, routine inspection, and thus, increasing the demand in the Global Aerospace Maintenance Chemicals Market over the forecast period. The massive need for MROs is consequently is fuelling market growth. Growing air traffic, along with the increasing number of air trips per day, is further driving market growth. The growing commercial aviation sector, coupled with the growing number of people traveling by air is resulting in lesser prices, is driving the Global Aerospace Maintenance Chemicals Market. Additionally, increasing research and development investments in the commercial aviation sector by chief market players such as Airbus and Boeing are likely to enhance market growth.
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Aerospace Maintenance Chemicals Market Trends - Growth, Analysis, Industry Share, Forecast, Scope and Overview Research 2024
Market Research Future Published a Half Cooked Research Report on Global Aerospace Maintenance Chemicals Market Research Report – Forecast to 2024
Market Outline:
According to the latest report by Market Research Future (MRFR), Global Aerospace Maintenance Chemicals Market Trends is expected to acquire a significant valuation at a striking CAGR over the forecast period.
The growth of the market for Aerospace Maintenance Chemicals is expected to be driven by the rise in the stringent regulations by government agencies across the globe regarding safety and environmental concerns. The growing complication of airframes, engines, and systems, is consequential in the augmented need for maintenance, repair, and overhaul (MRO) of aircraft, which include composite repair, engine maintenance, routine inspection, and thus, increasing the demand in the Global Aerospace Maintenance Chemicals Market over the forecast period. The massive need for MROs is consequently is fuelling market growth. Growing air traffic, along with the increasing number of air trips per day, is further driving market growth. The growing commercial aviation sector, coupled with the growing number of people traveling by air is resulting in lesser prices, is driving the Global Aerospace Maintenance Chemicals Market. Additionally, increasing research and development investments in the commercial aviation sector by chief market players such as Airbus and Boeing are likely to enhance market growth.
Key Players:
The Leading Market Players identified in the Global Aerospace Maintenance Chemicals Market are 3M (U.S.), Aerochemicals (France), Arrow Solutions (England), Henkel AG & Co., KGaA (Germany), Aviation Chemical Solutions (U.S.), Exxon Mobil Corporation (U.S.), Callington Haven Pty Ltd. (Australia), Hansair Logistics Inc. (U.S.), Florida Chemical Supply, Inc. (U.S.), Eastman Chemical Company (U.S.), Nexeo Solutions (U.S.), KLX Inc. (U.S.), Krayden, Inc.(U.S.), Royal Dutch Shell (Netherlands).
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Segmental Analysis:
The Global Market for Aerospace Maintenance Chemicals has been segmented by Nature, Product, Application, Aircraft, and Region.
Based on Nature, the market for Aerospace Maintenance Chemicals has been segregated into organic and inorganic.
On the basis of Product, the Aerospace Maintenance Chemicals Market has been segmented into aircraft leather cleaners, aircraft cleaning chemicals, aviation paint removers, aviation paint strippers, aircraft wash and polishes, aluminum brighteners, degreasers, specialty solvents, and others.
The Applications of the Aerospace Maintenance Chemicals in the market are for aircraft parts and MRO.
The various forms of Aircraft in the Aerospace Maintenance Chemicals Market are business, commercial, general, helicopter, military, spacecraft, and others.
Regional Analysis:
North America has been accounted for the largest market share of the Aerospace Maintenance Chemicals Market owing to the growing aerospace industry in the region. The U.S. and Canada are the major providers of Aerospace Maintenance Chemicals Worldwide as a result of the augmented production of aircraft in the region. Furthermore, increasing investments in defense aircraft to reinforce the nation’s military proficiency is also likely to propel market growth over the review period.
Browse Key Industry Insights spread across 100 pages with 58 market data tables & 15 figures & charts from the report, “Aerospace Maintenance Chemicals Market Information: By Grade (Food, Pharmaceutical, Cosmetic), Application (Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Agriculture/Animal Feed) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2024” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/aerospace-maintenance-chemicals-market-6205
Europe is a significant market for Aerospace Maintenance Chemicals and is likely to retain its leading market share over the forecast period. This is credited to the presence of crucial market players in the region, especially in the aerospace & defense industry. The consumption of the product has risen significantly in the UK, which is a major contributor to the market share in the region over the review period.
The Asia Pacific region is the fastest-growing region in the Global Aerospace Maintenance Chemicals Market owing to the augmented demand for passenger aircraft in the emerging economies such as China, India, and Thailand. Additionally, the thriving tourism industry is expected to fuel the market growth in the region over the evaluation period.
The Latin American market for Aerospace Maintenance Chemicals is expected to witness considerable growth over the assessment period. This is attributed to the growing aerospace industry in emerging economies such as Brazil, which is one of the largest manufacturers of commercial aircraft in the region, resulting in market growth during the forecast period.
The Middle East & Africa region is expected to witness substantial growth during the review period owing to the growing aviation industry in Oman, and Saudi Arabia, and the United Arab Emirates (UAE).
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact: Market Research Future +1 646 845 9312 Email: [email protected]
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