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Less than two weeks before his 2020 election defeat, former U.S. President Donald Trump’s administration rolled out a document that purported to promote women’s health and rights while declaring that there was “no international right to abortion.”
“It’s the first time that a multilateral coalition has been built around the issue of defending life,” then-Secretary of State Mike Pompeo said at a signing ceremony, conducted virtually because of the coronavirus pandemic. Brazil, Egypt, Hungary, Indonesia, and Uganda joined the United States in sponsoring the nonbinding directive, called the Geneva Consensus Declaration on Promoting Women’s Health and Strengthening the Family. Another 28 countries, many with authoritarian governments that repress women’s rights, signed it.
Abortion is one of the most pivotal issues that will determine whether Trump returns to the Oval Office. The Republican nominee routinely brags about his role—via three Supreme Court nominations—in overturning Roe v. Wade in a 2022 court ruling that inevitably limited abortion access for millions of people in the United States. Less known is the work that Trump and his appointees did to prevent women in other countries from obtaining the procedure.
The Geneva Consensus Declaration, which encourages governments to improve women’s health care without abortion, is one slice of Trump’s work to impose anti-abortion values on people overseas. It has garnered fewer concrete results than his expansion of the Mexico City policy, a perennial Republican rule that prevents foreign organizations that accept U.S. assistance from providing abortions or related services. But if Trump is elected, the declaration is expected to have renewed vigor. In fact, it could loom over all U.S. foreign assistance.
While the one-page document—with its emphasis on health and human rights for women—presents as nonthreatening, detractors assert that a Trump victory on Nov. 5 could make it very threatening indeed.
“I mean, sorry—to be brutal about it, women are going to die,” said Swetha Sridhar, a senior global policy research officer for Fòs Feminista, an international alliance that promotes sexual and reproductive health and justice. “That’s what we’re going to see.”
President Joe Biden withdrew the United States from the declaration upon assuming the presidency in 2021 because, his administration said, it “promotes anti-LGBTQI sentiment and undermines women’s health.” But Washington’s rejection of a document that it produced did not kill it. The declaration has been kept alive largely through the work of one former Trump administration official, Valerie Huber, who is known as its “architect.”
Sridhar and other abortion and gender rights advocates say that the Geneva Consensus Declaration represents a long-term, conservative attempt to create new international standards grounded in faith-based views of abortion and family structures.
“It has a big impact when you have these established global norms,” said Serra Sippel, the executive director of the Brigid Alliance, which provides logistical support for people who need to travel to obtain abortions within the United States. “Anti-gender, anti-rights folks can use this consensus as a tool to try to get countries to pass laws,” Sippel added.
The effort to export anti-abortion policies to other countries did not start under Trump. The Center for Family and Human Rights (C-Fam), an organization with ties to the Catholic Church, worked for 24 years to create a declaration, said its president—Austin Ruse—in a statement issued the day of the signing ceremony. In a summation of the declaration’s principles, Ruse said: “There is no international right to abortion. There is no international obligation to fund abortion. The United Nations has no business interfering in sovereign decisions when it comes to protecting life in the womb.”
C-Fam did not make anyone available for an interview for this story.
Huber, the declaration’s most visible proponent and a former U.S. special representative for global women’s health in the Trump administration, has spent the past few years traveling the globe, sometimes working with foreign first ladies to bring more countries on board. Huber also founded the Institute for Women’s Health, which “identifies high-impact solutions to promote women’s health and thriving,” according to its website. The institute created a framework called Protego to partner with countries that sign the declaration and provide guidance as they implement “high-impact, low-cost interventions” to meet the needs of women and their families, Huber said in two statements issued in response to an interview request.
“The tenet of the GCD [Geneva Consensus Declaration] regarding abortion points to the sovereignty of nations to chart their own path on this issue—therefore, GCD coalition nations have differing laws regarding abortion,” Huber wrote. “The GCD accurately states that abortion is not an international right, but rather it is up to the country to decide on its own abortion policies—without external pressure.”
Of course, countries already have the ability to pass and enforce their own laws on abortion. Opponents of the Geneva Consensus Declaration, however, argue that the document would allow governments to ignore international accords related to abortion, such as the Protocol to the African Charter on Human and Peoples’ Rights on the Rights of Women in Africa, better known as the Maputo Protocol. That 2003 treaty recognizes abortion rights in cases of sexual assault, rape, incest, life-threatening fetal anomalies, and situations in which continuing a pregnancy would endanger the pregnant woman’s life or her mental and physical health.
Nevertheless, a handful of the countries that ratified the agreement do not permit abortion under any circumstances.
“The Maputo Protocol is an African instrument for Africans, created by Africans. No external pressure,” said Kemi Akinfaderin, who leads global advocacy work for Fòs Feminista and is based in Lomé, Togo.
To date, the Geneva Consensus Declaration does not appear to have many real-world consequences for women, according to abortion rights advocates in the United States and abroad. It is not an official treaty and, therefore, has no teeth. It also has had no consistent overseer, the secretariat having been passed from the United States to Brazil and then, after new leaders emerged in those countries, to Hungary.
But its trajectory—and implications for women worldwide—could change rapidly if Trump wins a second presidential term in the Nov. 5 election, abortion rights advocates who spoke with Foreign Policy said.
Trump, who has courted abortion opponents in his three presidential runs, has pledged to rejoin the coalition that signed the declaration, now numbering 39 countries (despite withdrawals from Brazil, Colombia, and the United States). In addition, Project 2025, a document seen by many in the United States as the blueprint for a new conservative presidency, proposes that U.S. foreign policy should align with the declaration’s tenets on abortion and the family.
“As soon as the next president is elected, we will reveal our priorities for the next four years,” Huber said in her statement.
For women in some of the world’s poorest countries, a return of Trump could signal real danger, according to abortion rights advocates in the U.S. and abroad.
Sridhar, who is based in Mumbai, might sound hyperbolic when she predicts an increase in deaths, but her fear is based on Trump’s track record. During his four-year term, he greatly expanded the Mexico City policy, forcing medical providers that received U.S. money to make a choice: Either they stopped providing abortions and related services, such as counseling or referrals—even if they were subsidized by non-U.S. money—or they lost what was often the bulk of their funding. Many clinics that provided a full array of services, including HIV/AIDS testing and treatment, closed.
A report in the Proceedings of the National Academy of Sciences estimated that Trump’s reinstatement of the policy between 2017 and 2021 led to 108,000 maternal and child deaths and 360,000 new HIV infections.
Project 2025, which was drafted by the conservative Heritage Foundation think tank with the help of Trump administration alumni, including Huber, would expand the Mexico City policy considerably further. Starting with former President Ronald Reagan in 1984, every Republican president has invoked the policy, dubbed the “global gag rule” by opponents, and applied it to foreign assistance for family planning services. (Every Democratic president has rescinded the policy.)
Trump extended it to all health care aid and changed the policy’s name to the “Protecting Life in Global Health Assistance” policy. Project 2025 would extend the practice to apply it to all foreign assistance, including humanitarian aid.
Layered on top of that would be the Geneva Consensus Declaration. Project 2025 proposes applying the anti-abortion, pro-family doctrine not only to foreign nongovernmental organizations and governments, but also to large international organizations such as the United Nations and the World Health Organization (WHO), which have programs that support reproductive rights and health.
Lynn Morgan, a professor emeritus of anthropology at Mount Holyoke College and an expert on the declaration, said that Trump could use it to undermine the work of U.N. agencies and the WHO, which sets international standards for health care.
“It’s going to empower a coalition of countries who might want to say, ‘We don’t want to participate in the World Health Organization anymore. We’re going to stop funding the World Health Organization because of their advocacy around abortion,’” Morgan said.
The declaration would gain potency if Trump made it a condition of foreign assistance, said Gillian Kane, the director of policy and advocacy at Ipas, an international organization that supports access to contraception and abortion. “I think what the Trump administration could do is say, ‘Hey, if you don’t sign onto this, or if you sign off of this, you’re not going to get foreign aid,’” Kane said. “I think this can be a real cudgel and sort of force people to align to this ideology.”
Huber said in her statement that no matter who becomes president, the Institute of Women’s Health seeks to build consensus. “We don’t want anything to stand in the way of improved health and wellbeing for women and families,” she wrote.
But it’s difficult to fathom Vice President Kamala Harris, the Democratic nominee, working with Huber and other proponents of the declaration. Harris has been outspoken in her support of abortion rights, and advocates say that they hope she will go further than Biden has to promote access abroad.
Although Biden rescinded Trump’s version of the Mexico City policy and withdrew from the Geneva Consensus Declaration, abortion rights advocates said his administration was slow to communicate with foreign aid recipients. Akinfaderin, of Fòs Feminista, said that some U.S. agencies were implementing Trump’s restrictions well into Biden’s term.
Akinfaderin said that she would like a Harris administration to view reproductive rights and justice “more holistically” to include such issues as infertility, comprehensive sex education, and maternal mortality. And, she said, Harris should stop conservatives from “rolling back everything that we’ve done—every single thing that we’ve done.”
Beirne Roose-Snyder, the director of the Preclusion Project, an independent legal organization that supports gender rights, said that supporters of abortion and gender rights would relish working with a President Harris, whom she described as “a very public advocate on reproductive rights and sexual orientation and gender identity.”
“This is not someone who is going to take to the creation of fake documents particularly well,” Roose-Snyder said in reference to the declaration. “So I think we would expect to see continued distance and maybe even further engagement with other countries about diminishing the role and power of the future of the Geneva Consensus Declaration. I think we’d expect to see that.”
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LETTERS FROM AN AMERICAN
November 16, 2023
HEATHER COX RICHARDSON
NOV 17, 2023
The summit of the leaders of the Asia-Pacific Economic Cooperation (APEC) economies continued today in San Francisco, California.
Formed in 1989, APEC is made up of the economies of 21 nations around the Pacific Rim: Australia, Brunei, Canada, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Taiwan, Hong Kong, China, Mexico, Papua New Guinea, Chile, Peru, Russia, Vietnam, and the United States. Together, these economies make up about 62% of global gross domestic product and almost half of global trade.
David Sanger of the New York Times today noted an apparent shift in the power dynamic between President Joe Biden and Chinese president Xi Jinping, who met yesterday for a four-hour conversation. Earlier in his presidency, Xi was riding on a strong economy that overshadowed that of the U.S. and looked as if it would continue to do so. Then, Xi favored what was known as “wolf warrior” diplomacy: the aggressive defense of China’s national interests against what Chinese envoys portrayed as foreign hostility, especially that of the U.S.
Under that diplomatic regime, Xi emphasized that liberal democracy was too weak to face the twenty-first century. The speed and momentous questions of the new era called for strong leaders, he said. In early February 2022, Russia and China held a summit after which they pledged that the “[f]riendship between the two States has no limits.”
Things have changed.
The U.S. has emerged from the coronavirus pandemic with a historically strong economy, while China’s economy is reeling from a real estate bubble and deflation at the same time that government crackdowns have made foreign capital flee. This summer, Xi quietly sidelined Qin Gang, the foreign minister associated with wolf warrior diplomacy, and in October, he replaced Defense Minister General Li Shangfu, who is under U.S. sanctions for overseeing weapon purchases from Russia.
Indeed, China has also been quietly pushing back from its close embrace of Russia. Just weeks after their February 2022 declaration, Russia invaded Ukraine in an operation that Russian president Vladimir Putin almost certainly expected would be quick and successful, permitting Russia to seize key Ukrainian ports and land. Such a victory would have strengthened both Russia and China at the same time it weakened Europe, the United States, and their allies and partners.
Instead, Ukraine stood firm, and the North Atlantic Treaty Organization (NATO) and allies and partners have stood behind the embattled country. As the war has stretched on, sanctions have cut into the Russian economy and Putin has had to cede power to Xi, accepting the Chinese yuan in exchange for Russian commodities, for example. This week, Alberto Nardelli of Bloomberg reported that the European Union is considering another round of sanctions, including a ban on the export of machine tools and machinery parts that enable Russia to make ammunition.
In a piece at the Center for European Policy Analysis today, Julia Davis, who monitors Russian media, noted that Russia lost an extraordinary 997,000 people between October 2020 and September 2021, even before the war began. Now it is so desperate to increase its population that its leadership claims to have stolen as many as 700,000 Ukrainian children and is urging women to have as many children as possible.
Holly Ellyatt of CNBC noted that to the degree they even mentioned it, Russian media sniped at the Biden-Xi summit, but it was hard to miss that although Russian president Putin was not welcome to attend, Xi came and engaged in several high-level meetings, assuring potential investors that China wants to be friends with the U.S. Also hard to miss was Xi’s pointed comment that the China-U.S. relationship “is the most important bilateral relationship in the world.”
Going into this summit, then, the U.S. had the leverage to get agreements from China to crack down on the precursor chemicals that Chinese producers have been shipping to Latin America to make illegal fentanyl, restore military communications between the two countries now that Li has been replaced, and make promises about addressing climate change. Other large issues of trade and the independence of Taiwan will not be resolved so easily.
Still, it was a high point for President Biden, whose economic policies and careful investment in diplomatic alliances have helped to shift the power dynamic between the U.S. and two countries that were key geopolitical rivals when he took office. Now, both the U.S. and China appear to be making an effort to move forward on better terms. Indeed, Chinese media has shifted its tone about the U.S. and the APEC summit so quickly readers have expressed surprise.
Today, Biden emphasized “the unlimited potential of our partnerships…to realize a future that will benefit people not only in the Asia-Pacific region but the whole world,… [a] future where our prosperity is shared and is inclusive, where workers are empowered and their rights are respected, where our economies are sustainable and resilient.”
Biden and administration officials noted that companies from across the Asia-Pacific world have invested nearly $200 billion in the U.S. since Biden took office, creating tens of thousands of good jobs, while the U.S. has elevated its engagement with the region, holding bilateral talks, creating new initiatives and deepening economic partnerships.
Today, Biden and Commerce Secretary Gina Raimondo announced that the Indo-Pacific Economic Framework, an economic forum established last year as a nonbinding replacement for the Trans-Pacific Partnership former president Trump abruptly pulled out of, had agreed on terms to set up an early warning system for disruptions to supply chains, cooperation on clean energy, and fighting corruption and tax evasion.
In a very different event in San Francisco today, a federal jury convicted David DePape, 43, of attempted kidnapping and assault on account of a federal official’s performance of official duties for his attack on former House Speaker Nancy Pelosi’s husband Paul with a hammer on October 28 of last year, fracturing his skull.
DePape’s lawyers did not contest the extensive evidence against him but tried to convince the jury that DePape did not commit a federal crime because he did not attack Pelosi on account of Representative Pelosi’s official position. Instead, they said, DePape had embraced the language of right-wing lawmakers and pundits and believed in a conspiracy theory that pedophile elites had taken over the country and were spreading lies about former president Donald Trump.
DePape told jurors he had come to conspiracy theories through Gamergate, a 2014–2015 misogynistic online campaign of harassment against women in the video game industry, which turned into attacks on feminism, diversity, and progressive ideas. Trump ally Steve Bannon talked of pulling together the Gamergate participants behind Trump and his politics.
Also today, a subcommittee of the House Ethics Committee set up to investigate allegations against Representative George Santos (R-NY) issued its report. The Republican-dominated committee found that Santos had lied about his background during his campaign and, furthermore, that he appears to be a serial liar. Those lies also “include numerous misrepresentations to the government and the public about his and his campaign’s financial activities.”
That is, the committee found, Santos defrauded his campaign donors, falsified his financial records, and used campaign money on beauty products, rent, luxury items from Hermes and Ferragamo, and purchases at the website Only Fans. The subcommittee recommended the Ethics Committee refer Santos to the Department of Justice, and “publicly condemn Representative Santos, whose conduct [is] beneath the dignity of the office” and who has “brought severe discredit upon the House.”
Santos says he will not run for reelection.
—
LETTERS FROM AN AMERICAN
HEATHER COX RICHARDSON
#Letters From An American#Heather Cox Richardson#Ethics#Santos#Xi#China US relations#Asia-Pacific Economic Cooperation (APEC)#gamergate#Pelosi
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listen i don't even watch The Last of Us but the fact the the virus originated from Indonesia is hilarious bc like. the mycologist is a professor at the University of Indonesia, which irl is located in Depok (they have a campus in Jakarta but the natural sciences faculty is in the main Depok campus). the first coronavirus case in Indonesia came from Depok. funniest indirect reference ever
#i adore depok (despite the rest of the country hating it bc weird shit just happenss t#there all the time) but i cant even defend this city anymore#of course it's depok#this is fucking hilarious /gen
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Episode Thirty-Seven: Indonesian Ghosts During Coronavirus Photodump
Image 01: An Indonesian police officer wearing a COVID-19 themed helmet conducts a campaign and disinfects motorists' vehicles in Mojokerto, East Java on Apr 3, 2020. (Credit: AFP/Juni Kriswanto)
Image 02: A man punished for breaking coronavirus isolation rules sits on a bed in a supposedly haunted house in Indonesia’s Sragen, on Java Island, after being confined there as punishment. (Credit: AFP/Anwar Mustafa)
Image 03: A volunteer keeps watch at a coronavirus quarantine facility, a repurposed abandoned house believed by some locals to be haunted, at Sepat village in Sragen, Central Java, Indonesia on April 21. (Credit: Anwar Mustafa/AFP/Getty)
Image 04: Two youngsters in Kepuh village in Sukoharjo, Central Java, stand guard dressed as pocong (shrouded corpses) at the entrance to their village to keep residents in as part of restrictive measures to curb the spread of COVID-19. (Credit: Kesongo Hamlet)
Image 05: Volunteers Deri Setyawan, 25, and Septian Febriyanto, 26, sit on a bench as they play the role of ‘pocong’, or known as ‘shroud ghost’, to make people stay at home amid the spread of COVID-19 in Indonesia. (Credit: Reuters)
Image 06: Video of people breaking quarantine being scared back into their homes by fake pocong. (Credit: NY Post)
Image 07: Video of an alleged pocong caught on camera in a jungle in 2009 (Credit: Willy Guitara/YouTube)
Image 08: A clip from an Indonesian newscast in circa 2008/9 showing an alleged pocong jumping 50 meters (Credit: DANIELORBIS666/MetaTube)
Image 09: An artist’s rendition of the kuntilanak (Source: keepo . me)
Image 10: A Toyol/Tuyul (left) and a boy being questioned by police for pretending to be a tuyul (right) Credit: Tribunnews
#Indonesian Ghosts During Coronavirus#Let's Get Haunted#Pocong#Shrouded Corpse#Shrouded Corpses#Instagram#Episode 37
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Drone Package Delivery Market Are Estimated To Increase During Period 2029 USD 31,188.7 Million At Exhibiting a CAGR of 53.94%
The global drone package delivery market size is projected to reach USD 7,388.2 million by 2028, exhibiting a CAGR of 41.8% during the forecast period. Widespread deployment of drones to deliver medical and food supplies amid the COVID-19 pandemic is expected to aid the market make substantial gains, observes Fortune Business Insights™ in its report, titled “Drone Package Delivery Market Size, Share & Industry Analysis, By Type (Fixed Wing and Rotary Wing), By Package Size (Less Than 2 Kg, 2-5 Kg, and above 5 Kg), By End Use (Restaurant & Food Supply, E-commerce, Healthcare, Retail Logistics & Transportation and others), and Regional Forecast, 2020-2028”.
Get Sample PDF Brochure:
The report states that the market value stood at USD 642.4 million in 2019 and shares the following information:
Comprehensive depiction of the industry outlook and trends;
Detailed insights into the upcoming opportunities in the market;
Tangible analysis of the market drivers, restrains, and all possible segments; and
In-depth assessment of the regional and competitive dynamics impacting the market.
Driving Factor
Emergence of Drone Startups in Logistics to Augment Market Potential
The growing demand for enhancing the efficiency of logistics operations has triggered a sudden emergence of startups specializing in drone technologies to cater to these needs. For example, DroneScan, a South Africa-based startup, designs drones that transmits live data of scanned items in warehouses, making inventory management more efficient and upping the productivity quotient of workers. An Italy-based startup, Archon, provides autonomous robotic drone services to facilitate supervised as well as unsupervised inspection of warehousing and logistics operations. The drone startup culture is gathering momentum in developing countries as well. For example, in India, several startups have spawned in the past few years that are providing next-gen drone services. Aarav Unmanned Systems, for instance, was started in 2013 and is India’s first drone company to develop drone solutions for commercial applications in the public and private sectors. These developments are expected to power the drone package delivery market growth in the forthcoming years.
Regional Insights
North America to Top Other Regions Backed by Rising Preference for Drone Deliveries by Shoppers
North America is set to dominate the drone package delivery market share during the forecast period owing to the increasing inclination of online shoppers towards delivery of goods through unmanned aerial vehicles (UAVs). With a market size of USD 237.7 million in 2019, the region is likely to retain its leading position, which will be supported by the strong financial support to drone startups in the US and Canada.
In Europe, the market is anticipated to be driven by the growing presence of tech companies that are expanding their operations in the region through collaborations and partnerships. Asia Pacific is expected to create exciting opportunities for market players on account of the emerging trend of online purchasing of groceries in the large cities of India, China, and Indonesia.
Competitive Landscape
Supportive Regulations to Novel Ideas to Feed Competitive Ardor of Key Players
With the scope for innovation widening, key players in the market drone package deliveries are engaged in coming up with novel drone solutions, especially during the current coronavirus crisis. Supporting their efforts are regulatory bodies that are easing flying norms and rules to ensure timely delivery of essential supplies to people.
List of Key Companies Profiled in the Drone Package Delivery Market Report:
DroneScan (South Africa)
Cheetah Logistics Technology (US)
Flytrex (Israel)
Flirtey (US)
Matternet, Inc. (US)
Boeing (US)
Amazon Inc. (US)
Wing Aviation LLC (US)
Workhorse Group Inc. (US)
Drone Delivery Canada Corp. (Canada)
Zipline (US)
DHL International GmbH (Germany)
United Parcel Service of America, Inc. (US)
FedEx (US)
Industry Developments:
August 2020: Amazon secured clearance from the Federal Aviation Administration (FAA) to deploy its Prime Air delivery drone fleet to efficiently and securely deliver packages to customers. Amazon is now the third company to receive FAA approval to operate drones on a commercial scale after UPS and the Alphabet-owned company, Wing.
May 2020: Wing, a subsidiary of Google’s parent company Alphabet, announced that it has made thousands of drone deliveries in Australia during the pandemic. Launched in Canberra in 2019, the demand for Wing’s services rose by 500% between February and April 2020.
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Social Gaming and Covid-19 pandemic
A new virus dubbed Corona Virus Disease, which had its roots in Wuhan, China, shocked the world in the early years of 2020. (COVID-19). The virus outbreak has resulted in numerous losses and inequities in many facets of life, particularly about the global economy. Regardless of their size, a lot of businesses must shut down since it is impossible to predict when they will reopen. The gaming sector, on the other hand, has not only been the least harmed by this pandemic but thrives in it. This is due to a decrease in outside activities and an increase in inside activities. Social gaming is becoming a substitute for traditional social involvement and interaction.
As a result, playing video games continues to draw more and more individuals every day out of all the conceivable things to do during the lock-down. Video games have become a very prevalent and well-liked pastime because of the coronavirus lock-down, as people have begun to rediscover their old favorites or enjoy trying out new ones to pass the time. There has been an astonishing increase in players from around the world's online activity, according to the gaming industry.
The COVID-19 outbreak has produced peaks and valleys for the larger gaming sector. Over the years, the gaming market in Indonesia has grown steadily. Even years before the COVID-19 pandemic occurs, the development is astounding. More than 70 million people worldwide played video games in 2017, and 90 million people played them in 2018. The number of video game users in Indonesia has topped 100 million in 2019, demonstrating the country's youth's interest for video games and eSports. Additionally, Indonesia, one of the top 10 countries in the world for mobile video game income generation, achieved 40 million mobile video game users in 2019 and is anticipated to produce US$712 million in revenue in 2020.
Finally, the epidemic might cause esports to become more commonplace. Due to the unusual (and unintentional) adoption of esports by broadcasters, leagues, and sportsmen looking to attract viewers, analysts have referred to esports as being "popularized and legitimized in an unforeseen and deep way." "Among younger age groups, a protracted suspension of traditional sports leagues may encourage more fans to regularly participate in esports, adding tens of millions of additional customers to the sector globally."
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This is for Q3 (July-October) of 2022.
135.1-40.4=94.7
94.7 is the price of producing the goods and the content (music albums, shows, concerts).
40.4-27.6=27.1
27.6 were spent on advertising, distributing and on staff salaries (I guess?)
22.1 - what's left after taxes, the real gained money the company can add to the capital
6 coins spent gave 7 coins back, 1 coin of gain. And it's a very good quarter for SM. This company is really not that big, heh.
Correct me if I'm wrong with what I've written, I'm not an expert in economics.
Anyway, I'm posting the graph because I was surprised how much Appearence brings in? NR and Puma feed the boys? Heh. To be fare, there were still not that many concerts held in 3Q.
I also want to know what is MD/licensing - streaming and other groups performing SM songs on their own shows? How is it so high?
...
Considering how much money albums bring in, do you think it is in SM's interests to sabotage itself when it comes to its current breadwinner if there is not a big obstacle in the way? After the repack has been already done (money spent on its production)? Forget idols as people, cold-blooded business talk here.
I think the root of the problem is MarkHyuk being in two permanent units (and it were the fans who demanded OT7 and Dream to stay, originally there was planned another unit (or two) without MarkHyuk and with new neos). Both units bring in similar amount of money (similar album sales, sold out stadiums), so neither can be forgotten at this point of time. And if there is a problem with one unit (cancelled 127 Dome dates for 127 in January, cancelled Dream Show in July) it is the domino effect and a displacement of all initially planned events. Add to it 3 SMTown shows that must be attended (because as Kangta said, the newer artists help the older artists to perform before giant crowds).
The concerts are important right now as the bond with fans must be reinforced. The concerts and fanmeets in Japan are very important (I'm talking Dream upcoming Dream show in November), as it's the second largest musical market, and NCT is finally on the rise there. SM is still lagging behind Hybe and JYP. Dream has launched a Japanese fanclub, and a membership costs ¥5,400 for one year (~38USD). Dream will perform in 10-15-17k seat capacity venues. If they sell out, it's 72k with 5 concerts.
The Japanese fanclub opening and the Dream show 2 (scheduled for November) were announced in September. 2 Baddies comeback was in September. The timeslot for 127's comeback with the repack was only possible in late October-early November. What did October have? 2 concerts in US and 2 Olympic stadium concerts. US concerts were announced in August. The Seoul dome concerts were announced at the end of September. What did early November have? 2 concerts in Indonesia (a new market SM pays special attention to, Indonesian fans are among those who stream the most), also announced in September.
The repack's fate was sealed already in September, people. Before 2 Baddies comeback happened. SM just didn't tell us.
Ergo, the concerts, especially the Olympic stadium ones, were prioritised over the repack. The fans meeting idols in real life were prioritesed over the music show appearences. And it's not only about the concert dates themselves, but fans' money spent on tickets as well, I guess. And what is more important for 127 neos regarding dreams come true with the help of SM? To perform before 60000 alive fans or wake up 3 a.m. and perform on a music show before a hundred of fans 2 weeks in a row? Not to mention, idols get more money from concerts, especilly abroad.
And fans complain? Because they don't think, but emote.
Don't take me wrong, this year is messy, and I don't want a repeat of it. But I acknowledge that there are circumstances out of SM staff's control, like the coronavirus making new waves with new variants or getting into the artists, and countries' extending covid restrictions last minute. After the covid there is surelly no lack of music acts and sport teams wanting to rent venues. I doubt securing one is that easy of a job this year.
Before covid really hit, NCT system worked. 127zens are loud, but let's be honest, there are more of solo stans than unit-stans.
in 2022 127 neos got solo projects (Mark, Taeyong, Taeil, Jaehyun), radio-shows (Yuta), movies/tv (Yuta, Doyoung, Jaehyun (a postponed release, but let's count)), brand deals (Jaehyun, Yuta and Mark (I think?)), DJ gig (Johnny), OSTs and side projects (Doyoung, Taeil, Haechan, Mark, Taeyong, also Yuta, Yuta sang in the OST for his movie), MC gig (Jungwoo) and magazine covers (Doyoung, Jaehyun, Jungwoo, Haechan, Yuta). There was new YT content with games (with subs in 6 languages). The Dingo live session. Vlogs from all concerts and all special pop-up stores to those fans who couldn't attend to get the feeling of how it was. The work of "let's make fans happy" is being done. However, it is never possible to make everyone happy. There will always be people who are dissapointed.
MarkHyuk being in two units is a problem in my opinion, the problem that SM didn't plan when the NCT system was created. It were the fans, the circumstances (dremies showing too much chemistry and SM creating too good of a concept for them), and the need for a proper vocalist and a proper rapper. As such, the blame is not on SM or the NCT system (the way it was designed) for this. 127 wouldn't debut without Mark, but it could have been lacking Haechan if the two units were planned as permanent right away. No 2Dongs, no MarkHyuk, no Sun&Moon in this alternative reality...
SM has a problem and it deals with it however it can while trying to earn from both units.
There is an additional problem. The covid prevented the debut of the new two groups (NCT new unit (or two, there is Hollywood) and the new bg) and slowed down aespa's development as a new breadwinner. The circle of one new group every 4 years was broken. Currently it's Dream and 127 that bring in the most money, and yes, SM will milk both because it has to comeback on its feet after the pandemic.
Look at 2020, SM earned nothing that year, it actually got below the minus (-300 grey is net profit). You know why 127 are so loud about being late bloomers? Because they didn't give the money invested in them back quickly enough. Taeyong even thanked for additional budget for Favorite. 2019 also was a weak year. Yes, the revenue and the expenses are from all the activities and businesses, some of them are not profitable.
NCT position in 2018 and 2019
I wholly agree that SM needs a proper reforming of its inner structure to be more efficient (who was forgotten to be mentioned in a promo post again recently? Yuta?), and a better communication between the artists and the planning team is desireable, but from what I gather, the problems the company shows are widespread in all Korean institutions, they even shoot dramas about it. What I do not agree with is that SM staff who works with 127 or the company (at least in the face of LSM, who is in charge for now, or the current CEO who supervised Cherry Bomb and created multiple versions wanting it to be perfect) intentionally neglect or don't care about 127 neos.
If this were so, they wouldn't get solos or money for cover MVs, no song-writing and producing opportunities, no day-offs and surfing trips in the middle of promotional week.
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Green Hydrogen Market — Forecast(2024–2030)
Green Hydrogen market size is forecasted to reach US$2.4 billion by 2027, after growing at a CAGR of 14.1% during the forecast period 2022–2027. Green Hydrogen is produced using low-carbon or renewable energy sources, such as solid oxide electrolysis, alkaline electrolysis and proton exchange membrane electrolysis. When compared to grey hydrogen, which is made by steam reforming natural gas and accounts for the majority of the hydrogen market, green hydrogen has significantly lower carbon emissions. Due to its capacity to lower carbon emissions, green hydrogen has recently been in high demand. Since it is a renewable energy source, its use is anticipated to rise in the coming years. The demand for the green hydrogen industry is expected to grow as public awareness of hydrogen’s potential as an energy source increases. Additionally, because hydrogen fuel is highly combustible, it has the potential to displace fossil fuels as a source of carbon-free or low-carbon energy, which is anticipated to support the growth of the green hydrogen industry during the forecast period. The novel coronavirus pandemic had negative consequences in a variety of green hydrogen end-use industries. The production halt owing to enforced lockdown in various regions resulted in decreased supply, demand and consumption of green hydrogen, which had a direct impact on the Green Hydrogen market size in the year 2020.
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Green Hydrogen Market Report Coverage
The “Green Hydrogen Market Report — Forecast (2022–2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Green Hydrogen industry.
By Technology: Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer
By Renewable Source: Wind Energy and Solar Energy
By Application: Energy Storage, Fuels, Fertilizers, Off-grid Power, Heating and Others
By End-Use Industry: Transportation [Automotive (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles), Aerospace, Marine and Locomotive], Power Generation, Steel Industry, Food & Beverages, Chemical & Petrochemical (Ammonia, Methanol, Oil Refining and Others) and Others
By Country: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (Middle East and Africa)
Key Takeaways
Europe dominates the Green Hydrogen market, owing to the growing base of green hydrogen manufacturing plants in the region. Europe has been taking steps to generate clean energy from green hydrogen to reduce carbon emission, which is the major factor for expanding European green hydrogen manufacturing plants.
The market is expanding due to the rise in environmental concerns, which also emphasizes the need for clean/renewable energy production to lower emission levels. Additionally, the industry for green hydrogen is expanding owing to the increased use of nuclear power and green hydrogen.
However, the primary factors limiting the growth of the green hydrogen market are the initial investment requirements for installing hydrogen infrastructure as well as prohibitive maintenance costs.
Green Hydrogen Market Segment Analysis — By Technology
The alkaline electrolyzer segment held the largest share in the Green Hydrogen market share in 2021 and is forecasted to grow at a CAGR of 13.8% during the forecast period 2022–2027, owing to its higher operating time capacity and low capital cost. Alkaline electrolyzers work by generating hydrogen on the cathode side and transporting hydroxide ions (OH-) through the electrolyte from the cathode to the anode. The alkaline electrolyzer primarily benefits from three factors. As it produces hydrogen with relatively high purity and emits no pollutants during the production process, it is firstly a green and environmentally friendly device. Second, flexibility in production. The production of hydrogen by alkaline water electrolysis has greater advantages in large-scale applications with solar power and wind power converted into hydrogen energy storage. It is available for large-scale distributed generation applications, in particular in the current large-scale productions with alkaline electrolytic water. Thirdly, alkaline electrolyzer electrodes, cells and membranes are comparatively inexpensive with high efficiency and long-term stability. These characteristics and precious metal-free electrodes enable the green hydrogen production by alkaline water electrolysis a promising technology for green hydrogen production, thereby significantly contributing to segment growth.
Green Hydrogen Market Segment Analysis — By End-Use Industry
The chemical & petrochemical segment held a significant share in the Green Hydrogen market share in 2021 and is forecasted to grow at a CAGR of 14.5% during the forecast period 2022–2027. Green hydrogen is often used in the chemical & petrochemical industry to manufacture ammonia, methanol, petroleum products, including gasoline and diesel and more. Integrated refinery and petrochemical operations use huge volumes of green hydrogen to desulfurize the fuels they produce. Using green hydrogen to produce ammonia, methanol, gasoline and diesel, could help countries gain self-sufficiency in a vital chemical manufacturing sector, hence, companies are increasingly using green hydrogen in the industry. The chemical & petrochemical industry is projected to grow in various countries, for instance, according to Invest India, the market size of the Chemicals & Petrochemicals sector in India is around US$178 billion and is expected to grow to US$300 billion by 2025. This is directly supporting the Green Hydrogen market size in the chemical & petrochemical industry.
Green Hydrogen Market Segment Analysis — By Geography
Europe held the largest share in the Green Hydrogen market share in 2021 and is forecasted to grow at a CAGR of 14.3% during the forecast period 2022–2027, owing to the bolstering growth of the chemical & petrochemical sector in Europe. The European chemical & petrochemical industry is growing, for instance, according to the European Chemical Industry Council (Cefic), The 10.7 percent increase in manufacturing output in the EU27 during the first three quarters of 2021 is indicated by the January-Sep 2021 data as a sign that chemical output is returning to the pre-COVID19 pandemic levels. After the COVID-19 outbreak, the EU27’s chemical output increased by 7.0 percent between the first three quarters of 2021 and the same period in 2020. About 3% more chemicals were produced in 2021 than there were before the pandemic (Jan-Sep-2019). In 2022, it is anticipated that EU27 chemical output will increase by +2.5 percent. Over the forecast period, the growth of the green hydrogen industry in Europe is being directly supported by the rising production of chemicals and petrochemicals. Numerous green hydrogen projects are also expected to start in Europe. For instance, a 500MW green hydrogen facility, one of Europe’s largest single-site renewable H2 projects, is planned for construction at the Portuguese port of Sines by 2025. Germany invested $1 billion in a funding plan to support green hydrogen in December 2021 as the new government aims to increase investment in climate protection. such green hydrogen projects in the area are projected to further support the European green hydrogen market size over the coming years.
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Green Hydrogen Market Drivers
Increasing Investments in Establishing Green Hydrogen Plants:
Governments from several industrialized nations are stepping up efforts to build green hydrogen infrastructure. Infrastructure growth will enable producers to increase their capacity and reach, which will help them lower the cost of green hydrogen. For the development of an ecosystem that accepts green hydrogen as an alternative fuel, the participation of the governments of the respective countries is extremely important. Oil India Limited (OIL), a major player in exploration and production, officially opened “India’s first 99.999 percent pure” green hydrogen plant in Assam in April 2022. The installed capacity of the solar-powered pump station is 10 kg of hydrogen per day. The UK Government first announced plans to create a hydrogen village by 2025 and a hydrogen neighborhood by 2023 in November 2020 as part of the Ten-Point Plan for a Green Industrial Revolution. The UK government announced in April 2022 that it would establish a hydrogen village by the year 2025, the same day that First Hydrogen unveiled its selection of four English locations for green hydrogen production projects. Berlin’s H2Global initiative, which provides a path to market for sizable renewable hydrogen facilities worldwide, is approved by the European Commission in December 2021. The European Commission has approved a €900 million (US$1 billion) plan to subsidize the production of green hydrogen in non-EU nations for import into Germany under EU state aid regulations. The development of such infrastructure is facilitating the manufacturers to expand their reach and capacity, which will assist them in expanding the manufacturing base, thereby driving the market expansion.
Bolstering Demand for Green Hydrogen from Transportation Sector:
The world is getting ready to change the way it moves as it moves toward net zero-emission goals. Vehicles that use hydrogen directly in fuel cells or internal combustion engines are being developed by the transportation sector. Vehicles powered by hydrogen have already been created and are being used in a few sectors in Europe, Asia and North America. A prime example is the Toyota Mirai, a green hydrogen-based advanced fuel cell electric vehicle (FCEV) that was introduced by Indian Union Minister Nitin Gadkari in March 2022. This project is a first of its kind in India and aims to develop a market for such vehicles. It is one of the best zero-emission options and is powered by hydrogen. In August 2021, Small forklifts powered by hydrogen fuel cells will be developed, according to a plan unveiled by Hyundai Construction Equipment Co. By 2023, the Hyundai Genuine Co. subsidiary and S-Fuelcell Co., a local manufacturer of hydrogen fuel cells, plan to commercialize the 1–3 tonne forklifts. The U.K.-based startup Tevva debuted a hydrogen-electric heavy goods vehicle in July 2022, becoming the most recent business to enter a market where multinational corporations like Daimler Truck and Volvo are showing interest. The hydrogen tanks will need to be refilled in 10 minutes and it will take five to six hours to fully charge the battery. The first hydrogen-electric truck produced by the company weighs 7.5 tonnes, with later versions expected to weigh 12 and 19 tonnes. The countries are planning to more than double the number of such hydrogen-based vehicles in the future, which is anticipated to be a driver for the green hydrogen market during the forecast period.
Green Hydrogen Market Challenges
High Initial Cost of Green Hydrogen:
The initial costs associated with producing green hydrogen are very high and the inability to transport and store it adds to the material’s cost. Hydrogen energy storage is a pricey process when compared to other fossil fuels. In processes like liquefaction, liquid hydrogen is used as an energy carrier because it has a higher density than gaseous hydrogen. The mechanical plant used in this mode of operation has a very intricate working and functioning system. Thus, this raises overall expenses. While transporting green hydrogen presents additional economic and safety challenges, the fixed cost necessary to set up the production plant is only half the challenge. According to the Columbia Climate School, the issue is that green hydrogen is currently three times more expensive in the United States than natural gas. Additionally, the cost of electrolysis makes producing green hydrogen much more expensive than producing grey or blue hydrogen, even though the cost of electrolyzers is decreasing as production increases. Gray hydrogen currently costs about €1.50 ($1.84) per kilogram, blue hydrogen costs between €2 and €3 and green hydrogen costs between €3.50 and €6 per kilogram. As a result, the high initial cost of green hydrogen is expected to be one of the major factors limiting the Green Hydrogen market growth.
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Thermoset Molding Compound Market - Forecast(2024 - 2030)
Thermoset Molding Compound Market Overview
Thermoset Molding Compound Market size is projected to reach US$11.4 billion by 2027, after growing at a CAGR of 6.8% during the forecast period 2022–2027. Thermosetting molding compounds such as phenolic resins, epoxy resins, polyester resins, urea formaldehyde and melamine formaldehyde possess properties such as good electrical insulation, corrosion and heat resistance, which make them an ideal material for a variety of end-use applications. A thermoset molding compound is widely employed in the electrical & electronics industry. Since the global electrical & electronics industry is growing, it is supporting the thermoset molding compound industry growth. The Japan Electronics and Information Technology Industries Association (JEITA) forecasted that the production by the global electronics and IT industries would grow by 2% year-on-year in 2020 to reach US$2,972.7 billion and would grow by 7% year on year in 2021 to reach a record US$3,175.6 billion. Factors such as the need for lighter weight in aerospace and transportation drive the growth of the thermosetting molding compound market. Several end-use industries in the Thermoset Molding Compound industry suffered negative effects as a result of the novel coronavirus pandemic, which had a direct impact on the Thermoset Molding Compound market size in the year 2020.
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Thermoset Molding Compound Market Report Coverage
The “Thermoset Molding Compound Market Report — Forecast (2022–2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Thermoset Molding Compound industry.
By Type: Phenolic Resins, Epoxy Resins, Polyester Resins, Urea Formaldehyde, Melamine Formaldehyde and Others. By End-use Industry: Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Aerospace (Commercial Aircrafts, Military Aircrafts and Others), Electrical & Electronics (Antennas, Circuit Breakers, Switchgears and Others) and Others. By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).
Key Takeaways
Asia-pacific dominates the Thermoset Molding Compound market, owing to the increase in investment in the electronics sector and transportation infrastructure in Asia-pacific. This increase can be attributed to the increasing per capita income and growing population in Asia-pacific.
The market is expanding as a result of the positive attributes of Thermoset Molding Compounds, such as their anti-corrosiveness, increased heat resistance and toughness, which make them ideal for use in electrical and electronic applications.
The emergence of nanotechnology, these compounds’ superior performance in comparison to their alternatives and the surge in interest in lightweight and fuel-efficient cars offer the sector promising growth prospects.
However, it is estimated that the high investment cost of Thermoset Molding Compounds may impede the expansion during the forecast period.
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Thermoset Molding Compound Market Segment Analysis — by Type
The phenolic resins segment held a significant share in the Thermoset Molding Compound market share in 2021 and is estimated to grow at a CAGR of 6.9% during the forecast period 2022–2027, due to their improved properties. Phenolic resins are appropriate for use in insulation due to their low thermal conductivity. Due to its water resistance, high thermal stability and fire resistance, phenolic resin is used as a permanent binder and adhesive for wooden building panels as well as a binder for mineral wool insulation. By altering the manufacturing catalyst, phenolic resin’s properties can be altered for each application. As a result, the demand for phenolic resin-based Thermoset Molding Compound is on a significant upsurge, thereby driving segmental growth.
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Thermoset Molding Compound Market Segment Analysis — by End-use Industry
The electrical & electronics segment held a significant share in the Thermoset Molding Compound market share in 2021 and is projected to grow at a CAGR of 7.4% during the forecast period 2022–2027. The electrical and electronics industries benefit from thermoset molding compounds such as phenolic resins, epoxy resins, polyester resins, urea formaldehyde and melamine formaldehyde because they effectively insulate against electricity and heat. A strong molding material with strong dielectric properties, thermal shock resistance, corrosion resistance, arc resistance and electrically insulating properties is required for parts like circuit breakers, electrical enclosures or housings, covers, relays, switches, insulators and motor components. Furthermore, various electrical & electronic products such as covers, housings and circuit breakers require a molding material that protects sensitive internal electronics and components. This is accelerating the demand for Thermoset Molding Compound in the industry, which is subsequently propelling the segment growth.
Thermoset Molding Compound Market Segment Analysis — by Geography
Asia-pacific held the largest Thermoset Molding Compound market share of up to 42% in 2021, owing to the bolstering growth of the electrical & electronics sector in Asia-pacific. For instance, the consumer electronics and home appliance sector in India generated $9.84 billion in revenue in 2021 and is projected to grow to US$21.18 billion by 2025, according to the India Brand Equity Foundation (IBEF). The global electronics industry is expected to produce 7% more in 2021 than it did in 2020, reaching US$3,175.6 billion, according to the Japan Electronics and Information Technology Industries Association (JEITA). China’s electronic information manufacturing sector experienced steady growth in revenue and profits last year, according to the February 2022 report. According to the Ministry of Industry and Information Technology, operating revenue for the sector reached approximately 14.1 trillion yuan (roughly $2.2 trillion) in 2021, an increase of 14.7 percent from the previous year. With the increasing electrical & electronics production, the demand for molding materials significantly increased, which accelerated the demand for Thermoset Molding Compound in Asia-pacific.
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Thermoset Molding Compound Market Drivers
Increasing Automobile Production:
Thermoset Molding Compound provides lightweight materials for use in automotive manufacturing. The high-end vehicle manufacturers use carbon fiber composites to provide an enhanced finish. According to the Germany Trade & Invest (GTAI), German passenger car and light commercial vehicle OEM generated foreign market revenue of EUR 274 billion in 2021, an increase of ten percent over 2020. The International Organization of Motor Vehicle Manufacturers (OICA) estimates that heavy truck production in Europe increased by 31%, from 236,328 units in 2020 to 308,300 units in 2021. India’s domestic automobile production increased between FY16 and FY20 at a compound annual growth rate (CAGR) of 2.36 percent, with 26.36 million vehicles produced in FY20, according to the India Brand Equity Foundation (IBEF). With the increasing automobile production, the demand for lightweight automotive components is also increasing, thereby acting as a driver for the Thermoset Molding Compound market during the forecast period.
Flourishing Aerospace Sector:
In the aerospace industry, Thermoset Molded internal components are used within the cabins of civilian, commercial and military aircraft as they aid in making aircraft lightweight. The demand for aircraft is on an upsurge in various regions. According to Boeing’s current business forecast, the Middle East would need 2,520 new aircraft by 2030. Also, according to Boeing India, there is a demand for 2,300 aircrafts worth US$320 billion over the next 20 years. According to Boeing, in 2020, 8,995 aircraft fleets were delivered in North America. It is estimated to reach 10,610 fleets by 2039. Considering the importance associated with lightweight airplanes, it is expected that the increasing aerospace industry would act as a driver for the Thermoset Molding Compound market.
Thermoset Molding Compound Market Challenge
Fluctuating Raw Material Prices:
The raw materials often used for the production of Thermoset Molding Compounds are the downstream products of crude oil, such as epoxy resins. During the previous few years, the price of crude oil has been extremely volatile. The price of Brent crude oil has increased from US$43.73/bbl in 2016 to US$71.31/bbl in 2018 and then decreased to US$64.21/bbl in 2019 and US$41.84/bbl in 2020, according to the BP Statistical Review of World Energy. The volatility in the price of oil has caused fluctuation in the prices of raw materials for the manufacturing of thermoset molding compounds. Thus, the fluctuation in the price of crude oil has a direct influence on the price of the Thermoset Molding Compounds, which is a significant challenge for the market during the forecast period.
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Thermoset Molding Compound Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Thermoset Molding Compound market. The top 10 companies in the Thermoset Molding Compound market are:
Ashland Global Holding Inc.
BASF SE
Eastman Chemical Company
Evonik Industries AG
Hexion Inc.
Huntsman Corporation
Kolon Industries Inc.
Kyocera Chemical Corporation
Plastics Engineering Company
Rogers Corporation
Recent Developments
In March 2021, BASF announced a partnership with Sumitomo (SHI) Demag to create the first fully-automated, all-electric injection moulding cell for new high-performance polymer manufacturing.
In April 2020, Evonik announced the completion of the Marl expansion of its polyamide plant. The substance also combines quality and performance with excellent parameter estimation, uses very little water, has great structural correctness and has excellent UV resistance.
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How to prepare for wintering or relocating to Bali?
The island of Bali is an ideal place not only for spending a warm and pleasant winter but also for living. Many expatriates come to this paradise and choose to stay here. It is no wonder because Bali offers a wonderful climate, beautiful nature, relatively affordable living costs, and a fairly developed infrastructure.
What should you take care of in advance if you are flying to Indonesia for a long time?
1. Entry requirements for Indonesia
To enter the country, you will need:
A valid passport with a remaining validity of at least 6 months.
A visa, which you can obtain upon arrival at the airport or seek assistance from us to obtain.
Medical insurance is not mandatory but strongly recommended, as healthcare on the island can be expensive.
Vaccination certificates are no longer required, as they were abolished on June 9, 2023.
A return ticket, which may be requested before boarding your flight or upon arrival. If you do not have a return ticket, you may be denied boarding or entry into the country. The return date should not exceed the expiration date of your visa, before an extension. For instance, if your visa is valid for 60 days, your return ticket should be dated no later than 59 days. If you plan to extend your visa and stay in Indonesia for an extended period, you can purchase a cost-effective round-trip ticket to a third country, such as Malaysia. We do not recommend using fake tickets, as they are now closely scrutinized.
2. How to get to Bali: buying plane tickets
Bali has one international airport, located in the city of Denpasar, the island’s administrative capital, and it’s identified by the code DPS on airline websites and ticket aggregators. Various airlines operate flights to Bali, including:
Turkish Airlines
Qatar Airways
Emirates
China Eastern Airlines
Singapore Airlines
American Airlines
KLM and others.
You can also find reasonably priced routes to Bali through Asian countries like Thailand, India, Vietnam, and others, although you might need to make multiple layovers. Low-cost carriers also offer flights from Asian countries to Indonesia.
3. How to choose the right visa without overpaying
Indonesia offers a variety of visas with different terms and conditions. The most affordable option is the Visa on Arrival, which costs only $35. You can purchase it at the airport or apply for it online in advance through an agency or the immigration office’s website. However, the immigration website and system can be somewhat unreliable, potentially causing complications. Keep in mind that this visa is suitable for short trips. Travelers planning to stay in Bali for an extended period may face significant expenses for visas, extensions, and planned trips out of the country and back to reset the visa (visa run).
To avoid overpaying, we recommend planning your trip in advance. Consider how many days you intend to spend in Indonesia, whether you will be traveling to other countries, or prefer to stay in one place. This article can help you learn about the visa conditions in Indonesia and choose the one that suits your plans.
Some travelers, especially those planning a longer stay or a relocation to Bali, may intend to work there. It’s important to note that earning income in Indonesia is only allowed with a specific work permit (KITAS). Without it, you risk deportation from the country.
If you plan to engage in commercial activities in Bali, you can establish a company with foreign investments and obtain an investor KITAS.
Feel free to reach out to us, and we’ll provide guidance on how to do this.
4. Ensure a smooth entry
After the coronavirus pandemic, Bali has experienced an unprecedented surge in tourism. The Denpasar airport is sometimes struggling to handle the influx of new arrivals. Passport control lines can be quite long, and it’s not uncommon to wait for over an hour in a stuffy environment.
We can assist you in swiftly navigating all procedures by utilizing the Fast Track service. An airport representative will meet you, escort you through the Priority Lane at passport control, assist with customs declarations, provide internet access, and even help you obtain a visa on arrival if needed. They can also assist with retrieving your luggage and delivering it to your transfer or meet-and-greet point. This service is particularly convenient if you are traveling with a substantial amount of luggage, with children, or elderly individuals.
5. Getting from the airport to your hotel or villa
Bali lacks a public transportation system, so the best options for getting to your accommodation are to either book a taxi or arrange a transfer. We don’t recommend using airport taxi services, as their prices are often inflated.
You can call for a local taxi through apps like Grab or GoJek, but this typically requires a local SIM card.
A more convenient and reliable option is to pre-book a transfer with a trusted company. They offer clean vehicles with air conditioning, punctual professional drivers who will ensure your safe and comfortable journey to your hotel or villa. You can check out their rates and make a reservation here.
6. What сurrency to bring
If you’re traveling to Bali with cash, you’ll need to exchange it for the local currency, the Indonesian Rupiah (IDR).
It’s best to bring US Dollars, Euros or Australian Dollars with you and exchange them at authorized local exchange offices or banks.
If you’re planning a long-term stay in Indonesia, you can easily set a local card up here. Unlike many other countries where a residence permit is required to open an account, tourists in Bali can do so with a tourist visa at one of the four Indonesian banks. The bonus is that these cards work seamlessly in other countries as well.
7. Do you need insurance?
Medical insurance is not a mandatory requirement for entry into Indonesia, but we strongly recommend obtaining it for your safety and peace of mind. Medical care in Bali can be quite expensive.
8. How to find accommodation in Bali
Bali offers accommodation to suit every taste and budget. The best apps for finding and booking accommodation are still Booking.com and Airbnb.
If you want to save money, it’s a good idea not to rush into booking long-term accommodation unless you are 100% sure about it. It’s best to rent a hotel or villa for one to two weeks initially and then search for your ideal home once you’re on the island. Make sure to have a written contract, especially if you are paying for your accommodation remotely.
If you encounter any payment issues, feel free to contact us, and we’ll be happy to assist you.
9. Getting around in Bali
Bali doesn’t have an extensive public transportation system, so most tourists opt to rent scooters or cars. You will need an international driver’s license (Category A for scooters and Category B for cars), so it is a good idea to obtain one in your home country before traveling.
If that’s not possible, we can guide you on how to get a local driver’s license, which is valid for five years across Southeast Asia.
Make sure to purchase a local SIM card and download ride-hailing apps like Grab and GoJek, as they offer competitive rates.
For a comfortable introduction to Indonesia, we recommend taking tours with the tourist company MyBaliTrips. On their website, you’ll find over a hundred tours across Bali and neighboring islands.
We hope your stay in Bali will be as comfortable and exciting as possible.
Also, subscribe to our instagram account to stay informed about the latest visa changes and immigration updates.
Feel free to contact us if you need assistance with obtaining a visa for Indonesia, registering a business in the country, opening a local bank account, arranging airport assistance, or obtaining a driver’s license. We stay connected with our clients and are always responsive to your inquiries, helping you navigate any issues effectively.
Please contact us https://legalindonesia.id
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Pope Francis is to embark on the longest, farthest and perhaps most challenging trip of his pontificate as he begins a 12-day Asia-Pacific tour that is expected to highlight environmental threats, emp...
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Asia-Pacific Metal Packaging Coatings Market - Forecast(2024 - 2030)
Asia-Pacific Metal Packaging Coatings Market Overview
Asia-Pacific Metal Packaging Coatings Market size is forecast to reach US$1,990.4 million by 2027, after growing at a CAGR of 7.3% during 2022-2027. The preference for metal food & beverage containers in the Asia-Pacific region has been increasing rapidly, owing to its range of benefits such as better product protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging. The development of new coating technologies which include Bisphenol A non-intent (BPA-NI) coatings are further fueling the growth of the market in the Asia-Pacific region. Moreover, increasing demand for metal packaging coatings from the pharmaceutical industry are further accelerating the growth of the market in the Asia-Pacific region. Also, strict regulations regarding the use of plastics in various countries across the Asia-Pacific region along with increasing product launches and developments associated with metal packaging is expected to increase the demand for metal packaging coatings for use in various end-use industries over the forecast period.
Covid-19 Impact
The COVID-19 outbreak led to major economic problems and challenges for the food & beverage, pharmaceutical, cosmetic, and other industries in the Asia-Pacific region. According to the International Monetary Fund (IMF), the GDP growth of the Asia declined by 1.3% and Australia by 2.4% as indicated in the graphs, owing to the economic impact of COVID-19. The governments all across the Asia-Pacific region announced strict measures to slow the spread of the coronavirus and only the production of essential commodities were allowed, which impacted the non-essential commodity industries, thereby impacting the production of metal packaging coatings as well. However, economic stimulus packages allotted for multiple sectors in the Asia-Pacific region and the start of industrial production activities since 2021 is improving the metal packaging coatings market growth in the Asia-Pacific region by its increasing utilization in various industries.
Report Coverage
The report: “Asia-Pacific Metal Packaging Coatings Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Asia-Pacific metal packaging coatings industry.
By Packaging Types: Food (2 piece and 3 piece), Caps & Closure (External and Internal), and General Line (External and Internal) By Coating Types: Water based, Solvent based, and Powder based. By Resins Type: Acrylic, Fluoropolymer, Urethanes, Epoxy (BPA and Non-BPA), Amines, and Others. By Application: Food (Sea Food, Meat, Infant Nutrition & Dairy, Vegetables, Catering, Biscuits, Cookies & Confectionary, Fats & Oils, Toppings, and Others), Pharmaceutical, Cosmetics, Personal Care, and Others. By Country: China, Japan, Thailand, Vietnam, India, Indonesia, Malaysia, and Rest of Asia-Pacific.
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Key Takeaways
China dominated the Asia-Pacific Metal Packaging Coatings Market in the year 2021. One of the key drivers driving the market is increasing use of metal packaging in food products such as fruits, vegetables, infant nutrition & dairy, bakery, and other similar products in order enhance the durability of metal packaging.
Increasing product launches for phenolic resins that are primarily used in a wide range of metal packaging coatings employed in food, pharmaceuticals, and other applications which require a smooth, durable, and spotless finish, has driven the market growth. For instance, In June 2020, companies such as Allnex GMBH, which has its presence in the Asia-Pacific region launched its new eco-friendly phenolic resin for use in BPAni application for metal packaging coatings.
Strict environmental regulations are driving metal packaging coating manufacturers in the Asia-Pacific region to adopt environmentally conscious practices, thus, the demand for water-based coatings are increasing significantly in the region.
Asia-Pacific Metal Packaging Coatings Market Segment Analysis – By Coating Types
The water based coating segment held the largest share in 2021 and is expected to grow at a CAGR of 8.2% by 2027. Water-based coating is an environmentally friendly surface treatment that disperses the resin used in the coatings using water as a solvent. They have a high degree of flexibility and reduce moisture and solar radiation absorption, thereby, resulting in fewer solvent emissions. The VOC (Volatile Organic Compounds) content in the water-based coating is significantly low, and since there are regulations restricting the high VOC content in Asia-Pacific is resulting in its increasing adoption by metal packaging coating manufacturers based in the region. For instance, in 2021, China launched its 14th Five-Year Plan, the chemical sector refocused its environmental protection goals on low-carbon transformation and comprehensive control of VOC emissions, as well as a considerable emphasis on encouraging low VOC products. Furthermore, as compared to solvent-based coatings, water-based coatings for metal packaging require less coating to cover the same surface area, cost less, and do not require any additives, thinners, or hardeners because they provide higher adherence. Thus, water-based barrier coatings are utilized to protect the metal packaging from external and internal effects by sealing the substrate surface.
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Asia-Pacific Metal Packaging Coatings Market Segment Analysis - By Application
Food sector held the largest share with 66% in the Asia-Pacific Metal Packaging Coatings Market in 2021 and is anticipated to grow at a CAGR of 7.4% during the forecast period 2022-2027. Metal packaging cans, containers, tins, and more are utilized for the packaging of the food because these types of packaging maintain the food filling's flavors and nutritional content ranging from months to several years. However, the direct contact between the metal packaging and food content filled inside the cans and other types of packaging are not safe. The direct contact between metal and food can degrade the food content, owing to this food-friendly coating are applied to safeguard the packaged food from corroding metal. The shifting the focus of Asia-Pacific packaging manufacturers from plastic to metal is expected to drive up the demand for metal packaging coatings for food cans. This is further projected to expand the market growth in the Asia-Pacific region. According to UACJ Corporation, between 2019 and 2022, global demand for aluminium used in cans will rise 11% to 6.61 million tons per year. Southeast Asian countries are likely to account for half of that demand, according to the report. Thus, rising demand for cans will accelerate the production for aluminium cans, which further benefits the metal packaging coatings demand.
Asia-Pacific Metal Packaging Coatings Market Segment Analysis – By Country
China dominated the Asia-Pacific Metal Packaging Coatings Market in terms of revenue with a share of 59% in 2021 and is projected to dominate the market during the forecast period (2022-2026). In China, the metal packaging coatings market is fueled by the growth of the country’s food & beverage sectors. For instance, according to the China Chain Store & Franchise Association, China’s food and beverage sector was valued at around US$ 595 billion in 2019, an increase of 7.8% in comparison to 2018. Metal cans offer a range of benefits such as better food protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging such as paper or plastic packaging. In August 2020, ORG technology, the Chinese manufacturer of food cans, launched its white paper on the strategic development of food cans. The company focused on coated iron metal cans with moisture-proof, environmental protection, safety, corrosion resistance, anti-extrusion, and other characteristics to gain traction in the market. In this way, such increasing food production along with the development of food cans in China, owing to its various benefits as mentioned above, is expected to increase the demand for metal packaging coatings to further enhance the durability of such food cans. This is expected to accelerate the growth of the market in China during the forecast period.
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Asia-Pacific Metal Packaging Coatings Market Driver
Increasing Preference for Metal Containers in Food & Beverage Sector
Metal packaging coatings are primarily used to coat different metals such as steel, aluminum, tin-plate, and more that are used for food & beverage packaging in order to enhance its ability to resist corrosion. Metal containers offer a range of benefits such as better product protection, durability, sustainability, affordability, light-weight, and more in comparison to other types of packaging such as paper or plastic packaging. For instance, vegetables, fruits, pet food, soups, and meats are often packaged in metal cans. Canning foods help prolong their shelf life and can help people afford to make healthy dietary choices. Similarly, soda, beer, and even wine are usually packaged in aluminum cans since aluminum beverage cans are the most recycled category for aluminum products, with nearly 50 percent of all cans recycled annually. Thus, all of these benefits of metal containers are driving its demand over other types of packaging. As a result, many companies in the Asia-Pacific region have begun packaging their food & beverages in metal containers. For instance, in February 2021, Responsible Whatr, a brand based in India, launched spring water in aluminum beverage cans made by Ball Corporation, a leading manufacturer of aluminum packaging. The company intends to create a brand that signifies sustainability and become a significant contributor to the circular economy. In July 2020, Showa Aluminum Can Corporation (SAC), metal packaging manufacturer, launched its third aluminum can manufacturing facility in Vietnam with an overall plant capacity of 1.3 billion cans per year in order to meet the growing demand for metal packaging from the food & beverage sectors of the country. Thus, such increasing preference and use of metal containers in the Asia-Pacific region are expected to increase the demand for metal packaging coatings to further enhance the durability of the metal containers, thus, accelerating the growth of the market in the Asia-Pacific region.
Growing Demand from the Pharmaceutical Industry
Metal packaging coatings are primarily used in the pharmaceutical industry in order to provide protection to the metal from atmospheric corrosion and support decoration, labeling, and consumer information. Its range of benefits such as impermeability to light, moisture, gases, and water, durability, light-weight, and ease of printing labels directly onto the metal surface make them ideal for use in the pharmaceutical industry. Thus, an increase in pharmaceutical production in the Asia-Pacific region is expected to drive the market growth during the forecast period. According to Vietnam’s Ministry of Health, the pharmaceuticals industry is expected to grow at the rate of 10% per year from 2017 to 2028, owing to an increase in pharmaceutical production and sales in the country. Also, according to International Trade Administration, the local pharmaceutical production in Japan reached up to US$59,958 in 2017, US$62,570 in 2018, US$87,027 in 2019, and US$84,600 in 2020 respectively. thus, indicating an increase in pharmaceutical production in Japan per year. An increase in pharmaceutical production is expected to drive the demand for metal packaging coatings in the pharmaceutical industry, thus accelerating the growth of the market in the upcoming years.
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Asia-Pacific Metal Packaging Coatings Market Challenges
Volatility of Raw Material Prices
Primary raw materials including resins, solvent, and more used in the production of metal packaging coatings are derived from crude oil. As a result, fluctuations in the prices of crude oil in the Asia-Pacific region may hinder the growth of the market. For instance, India’s Crude Oil Basket (COB) reached US$19.90 per barrel, which was the lowest record since February 2002. During the first 11 months of the year 2020-21, the average annual price of India’s COB was around US$42.72 per barrel, which decreased by 30% than the average COB price in 2019-20. Likewise, as per revised estimates for 2020-21, the COB has increased by around 35% from its initial budget estimate. Since October 2021, Vietnam has also witnessed a spike in demand for crude oil. According to the oil price, the price of light crude oil exceeded US$94.38 per barrel in February 2022, an increase of 3.63% that is equivalent to US$3.3, the highest record since November 2014. Similarly, the price of Brent crude oil also increased and reached up to US$95.39 per barrel, an increase of 1.98% which is equivalent to US$1.85.
Asia-Pacific Metal Packaging Coatings Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Asia-Pacific Metal Packaging Coatings Market. Asia-Pacific metal packaging coatings top 10 players include:
The Sherwin Williams Company
PPG Industries Inc.
AkzoNobel N.V.
Kansai Paint Co., Ltd.
Altana AG (Actega)
Henkel AG & Co. KGaA
Axalta Coating Systems Ltd.
Eason & Co.
Toyochem Co., Ltd.
Kangnam Jevisco Co., Ltd. and Others.
Recent Developments
In June 2021, AkzoNobel has invested in research and development activities associated with packaging coatings. The research is primarily focused on development of a new, and recyclable coating through use of bio-derived polyelectrolytes. These polyelectrolytes are 100% natural and are extracted from shrimp shells or waste from the wood processing industry. The versatility of natural polyelectrolytes will allow the company to become less dependent on synthesized polymers for packaging coatings.
In May 2021, ALTANA completed its acquisition of the closure materials business of Henkel group, a chemical and consumer goods manufacturing company with a strong regional presence in the Asia-Pacific region. Within the ALTANA Group, the business will be integrated into the ACTEGA division and globally assigned to the metal packaging solutions business line including the Asia-Pacific region. The main objective of this acquisition is to strengthen the company’s focus on innovative specialty chemicals.
In March 2021, Toyochem launched a new line of Bisphenol A non-intent (BPA-NI) internal coatings for metal beverage bottles and cans. These coatings are based on acrylic emulsion and polyester resins. The new BPA-NI internal sprays and coil coatings for stay-on tab (SOT) ends are specially formulated to achieve the required performance results, while addressing BPA-related health and food safety concerns from regulators and consumers in the Asia-Pacific region and worldwide.
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Waterborne Coatings Market Overview
The Waterborne Coatings Market size is projected to reach US$112.8 billion by 2027, after growing at a CAGR of 5.9% during the forecast period 2022-2027. Waterborne Coatings are generally preferred over other conventional ones since these contain close to 80% water content, which makes them environmentally friendly. Waterborne coatings are often employed in the building & construction and automotive industry, which is supporting the Waterborne Coatings industry's growth. According to the International Organization of Motor Vehicle Manufacturers (OICA), global automotive production increased from 77,621,582 units in 2020 to 80,145,988 units in 2021. The rapid growth of the building & construction and automotive industry has increased the demand for environmentally friendly waterborne coatings, which fuels the market growth. Several end-use industries in the Waterborne Coatings industry suffered negative effects as a result of the novel coronavirus pandemic, which had a direct impact on the Waterborne Coatings Market size in the year 2020.
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Waterborne Coatings Market Report Coverage
The “Waterborne Coatings Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Waterborne Coatings industry.
By Resin Type: Acrylic, Epoxy, Polyester, Polyurethane, Vinyl Acetate, Alkyd, Polytetrafluoroethylene, Polyvinylidene Fluoride, Polyvinylidene Chloride and Others. By End-use Industry: Aerospace (Commercial Aircrafts, Military Aircrafts and Others), Automotive [Passenger Vehicles (PVs), Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs)], Marine (Cargo, Passenger and Others), Locomotive (Electric and Diesel), Building and Construction (Residential, Commercial, Industrial and Infrastructural), Paper & Pulp, Packaging, Wood & Furniture and Others. By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa)
#Waterborne Coatings Market Share#Waterborne Coatings Market Size#Waterborne Coatings Market Forecast#Waterborne Coatings Market Research#Waterborne Coatings Market Treads#Waterborne Coatings Market Application#Waterborne Coatings Market Growth#Waterborne Coatings Market Price
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