Global demand for electric lighting is forecast to exceed $40 billion in 2012 on annual gains of more than seven percent. The BRIC economies -- Brazil, Russia, India and China -- are projected to be the fastest growing markets for electric lighting products through 2012. These four nations will account for about 40 percent of the additional demand generated between 2007 and 2012. The greatest gains will come from China, which is expected to be the world’s fastest growing market and largest producer of electric lighting. These and other trends, including market share and product segmentation, are presented in World Electric Lighting, a new study from The Freedonia Group, Inc., a Cleveland-based industry research firm.
Several advanced national markets are expected to post respectable gains, among them the Netherlands, South Korea, Taiwan and the US. Demand in these nations will benefit from an improved outlook for construction activity over the forecast period. However, for most other advanced economies, growth of the construction market is projected to decelerate.
Production of electric lighting is expected to continue to shift to the Asia/Pacific region, largely driven by Chinese manufacturing. China is projected to account for one-quarter of global shipments in 2012, with a significant share exported to the US. Eastern Europe is also forecast to account for an increasing share of global production, owing to increased trade with Western Europe.
LED lighting devices are forecast to grow at an above average pace in every regional market, as these products continue to penetrate both the construction and manufactured goods markets. Gains will be particularly fast in the Asia/Pacific region, where demand for LED lighting is expected to double between 2007 and 2012. Fluorescent lamps are expected to benefit from advances in nonresidential construction, as well as increased penetration of compact fluorescent lamps (CFLs) in residential markets. The incandescent lamp segment is expected to be the slowest growing, restrained by slowing motor vehicle production and weaker residential construction (the segment’s principal markets) as well as greater competition from fluorescent lamps spurred by energy-efficiency concerns. Demand for incandescent lamps will be encumbered by government regulations intended to reduce the use of general service incandescent lamps.
The Freedonia Group is a leading international business research company, founded in 1985, that publishes more than 100 industry research studies annually. This industry analysis provides an unbiased outlook and a reliable assessment of an industry and includes product segmentation and demand forecasts, industry trends, demand history, threats and opportunities, competitive strategies, market share determinations and company profiles.
Tuesday, December 30, 2008
Monday, December 22, 2008
Proctor & Gamble Expanding in BRIC Nations During Economic Slowdown
Procter & Gamble have chalked out quite an aggressive plan for emerging markets, we caught up with Procter & Gamble's global COO Bob McDonald at the IT conference in Chennai and he said they are going to use this time of recession to enter the Brazil, Russia, India, and China (BRIC) nations in a big way.
Full Story
Research and Markets: In 2012, the BRIC Internet Access Market is Forecast to Have a Value of $ Billion, an Increase of 16.2% from 2007
DUBLIN, Ireland, Dec 22, 2008 (BUSINESS WIRE) -- Research and Markets has announced the addition of the "Internet Access - BRIC (Brazil, Russia, India, China) Industry Guide" report to their offering.
"Internet Access BRIC Industry Guide" is an essential resource for top-level data and analysis covering the BRIC (Brazil, Russia, India, China) Internet Access industry. The report includes easily comparable data on market value, volume, segmentation and market share, plus full five year market forecasts. It examines future problems, innovations and potential growth areas within the market.
Scope of the Report
Contains an executive summary and data on value, volume and segmentation Provides textual analysis of the industry's prospects, competitive landscape and profiles of the leading companies Incorporates in-depth five forces competitive environment analysis and scorecards Compares data from Brazil, Russia, India, and China, alongside individual chapters on each country Includes a five-year forecast of the industry.
Highlights
The BRIC Internet Access market grew by 22% between 2003 and 2007 to reach a value of $26.6 billion. In 2012, the market is forecast to have a value of $ billion, an increase of 16.2% from 2007. India was the fastest growing country with a CAGR of 38.2% over the 2003-2007 period.
Why you should buy this report
Spot future trends and developments Inform your business decisions Add weight to presentations and marketing materials Save time carrying out entry-level research.
Market Definition
The Internet access sector consists of the total revenues generated by Internet Service Providers (ISPs) from the provision of narrowband and broadband Internet connections through both consumer and corporate channels. Revenues generated by ISPs from other Internet related services are not included in this report. Market volumes represent total numbers of users online and exclude corporate data.
Key Topics Covered:
CHAPTER 1 Introduction CHAPTER 2 BRIC INTERNET ACCESS INDUSTRY OUTLOOK CHAPTER 3 INTERNET ACCESS IN BRAZIL CHAPTER 4 INTERNET ACCESS IN RUSSIA CHAPTER 5 INTERNET ACCESS IN INDIA CHAPTER 6 INTERNET ACCESS IN CHINA CHAPTER 7 Appendix List of Tables List of Figures
For more information visit Research and Markets
Source: Datamonitor
SOURCE: Research and Markets Ltd.
Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Copyright Business Wire 2008
"Internet Access BRIC Industry Guide" is an essential resource for top-level data and analysis covering the BRIC (Brazil, Russia, India, China) Internet Access industry. The report includes easily comparable data on market value, volume, segmentation and market share, plus full five year market forecasts. It examines future problems, innovations and potential growth areas within the market.
Scope of the Report
Contains an executive summary and data on value, volume and segmentation Provides textual analysis of the industry's prospects, competitive landscape and profiles of the leading companies Incorporates in-depth five forces competitive environment analysis and scorecards Compares data from Brazil, Russia, India, and China, alongside individual chapters on each country Includes a five-year forecast of the industry.
Highlights
The BRIC Internet Access market grew by 22% between 2003 and 2007 to reach a value of $26.6 billion. In 2012, the market is forecast to have a value of $ billion, an increase of 16.2% from 2007. India was the fastest growing country with a CAGR of 38.2% over the 2003-2007 period.
Why you should buy this report
Spot future trends and developments Inform your business decisions Add weight to presentations and marketing materials Save time carrying out entry-level research.
Market Definition
The Internet access sector consists of the total revenues generated by Internet Service Providers (ISPs) from the provision of narrowband and broadband Internet connections through both consumer and corporate channels. Revenues generated by ISPs from other Internet related services are not included in this report. Market volumes represent total numbers of users online and exclude corporate data.
Key Topics Covered:
CHAPTER 1 Introduction CHAPTER 2 BRIC INTERNET ACCESS INDUSTRY OUTLOOK CHAPTER 3 INTERNET ACCESS IN BRAZIL CHAPTER 4 INTERNET ACCESS IN RUSSIA CHAPTER 5 INTERNET ACCESS IN INDIA CHAPTER 6 INTERNET ACCESS IN CHINA CHAPTER 7 Appendix List of Tables List of Figures
For more information visit Research and Markets
Source: Datamonitor
SOURCE: Research and Markets Ltd.
Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Copyright Business Wire 2008
Ernst & Young's Says BRIC Economies will Account for 40 Percent of Global Growth from 2009 - 2020
Brazil, Russia, India and China (Bric) will account for 40 percent of worldwide growth from 2009 - 2020, in spite of the difficult economic situation they face, said Ernst & Young's Item Club.
Adrian Cooper, a senior economic advisor to Item Club said, "Whilst it is not inevitable that the global growth dynamics of the past decade will continue indefinitely, the strong domestic momentum in the large emerging economies, the productivity gains from their continued integration into the global economy and benefits from improved macro and micro economic policies will mean that the next decade sees an impressive rate of expansion."
Production categories that will be especially strong in growth the countries will be chemicals, which will account for 38 percent of world production; vehicles, accounting for 30 percent of production; and electronics coming in at 28 percent of global production. China will account for the most growth in those sectors.
Another big factor will be the growth of global cash reserves, which at this time stands at 77 percent being held by the four countries, amounting to $7 trillion.
Sovereign wealth funds alone are projected to grow to $15 trillion by 2013, and that takes into account oil prices of $60 a barrel.
Base metals are also going to be a huge growth area for the BRICs, with predictions coming in at about 65 percent of global production by 2020.
Adrian Cooper, a senior economic advisor to Item Club said, "Whilst it is not inevitable that the global growth dynamics of the past decade will continue indefinitely, the strong domestic momentum in the large emerging economies, the productivity gains from their continued integration into the global economy and benefits from improved macro and micro economic policies will mean that the next decade sees an impressive rate of expansion."
Production categories that will be especially strong in growth the countries will be chemicals, which will account for 38 percent of world production; vehicles, accounting for 30 percent of production; and electronics coming in at 28 percent of global production. China will account for the most growth in those sectors.
Another big factor will be the growth of global cash reserves, which at this time stands at 77 percent being held by the four countries, amounting to $7 trillion.
Sovereign wealth funds alone are projected to grow to $15 trillion by 2013, and that takes into account oil prices of $60 a barrel.
Base metals are also going to be a huge growth area for the BRICs, with predictions coming in at about 65 percent of global production by 2020.
Thursday, December 18, 2008
Wednesday, December 17, 2008
KPMG 2008 Revenues Grow 14.5% to US $22.7 Billion
AMSTERDAM, Netherlands, Dec 17, 2008 /PRNewswire via COMTEX/ -- All Service Lines and Regions Achieve Solid Growth Despite Slowing Economies;
Revenues Rise 37% Across BRIC countries
KPMG, the global network of professional service firms providing Audit, Tax and Advisory services, today announced that member firm combined revenues increased to US$22.69 billion for the fiscal year ending September 30, 2008, versus US$19.81 billion for the prior fiscal year, reflecting double-digit growth across all of KPMG's service lines.
KPMG's combined revenues for fiscal year 2008 represent growth of 14.5 percent in U.S. dollars and growth of 8.4 percent in local currency terms.
"All of our businesses recorded solid growth last year, despite the deepening and acceleration of the global financial crisis in the last quarter of KPMG's fiscal year," said Timothy P. Flynn, Chairman, KPMG International.
Across KPMG's geographic regions and member firms, the Asia Pacific region grew fastest in 2008, while Russia saw revenues rise 64.5 percent in U.S. dollars. In India, revenues jumped 48.9 percent, in China revenues rose 25.8 percent, and in Africa revenues increased 16.5 percent, all in U.S. dollars.
Confronting Economic Challenges
"As we witnessed the accelerated impact of the credit crisis in recent months, it became clear that businesses in every region and in every sector are being confronted with unprecedented challenges to maintain liquidity, anticipate fluctuating customer demand and maintain operating performance," said Flynn.
"In a period of profound and unprecedented changes, our profession, and in particular KPMG firms are well positioned and committed to help clients address the significant challenges ahead," he said.
Flynn added, "KPMG provides a portfolio of governance, liquidity, and operations related service offerings through our core Audit, Tax and Advisory businesses that will help clients as they seek to
re-define their risk management structure, achieve better cash management, sell assets, optimize costs, restructure their debt, prepare for the new regulation yet to come, and improve the depth and transparency of their financial reporting."
Service Line Revenues
Revenues in 2008 were strong across all three of KPMG's core businesses. For Audit services, where a faster rate of overall growth was recorded this year than in 2007, global revenues increased 13.9 percent to US$10.69 billion.
KPMG's Advisory services also achieved growth in all regions, with revenues increasing 13.0 percent to US$7.27 billion for the year.
Revenues for Tax services rose 18.3 percent to US$4.73 billion, again on the basis of strong performance in all regions globally.
Asia Pacific Region
The Asia Pacific region led the growth pace among KPMG's three global regions, with aggregated revenue growth of 21.6 percent to US$3.11 billion in FY08. KPMG China demonstrated particularly strong growth in the Asia Pacific region, with 25.8 percent growth in U.S. dollars. This year, member firms in the region also agreed to move toward a more aligned practice, in order to add to the strength and depth of client service in Asia Pacific.
Korea is expected to adopt a global accounting standard in the coming years. Japan has started to consider possible adoption of International Financial Reporting Standards (IFRS) in the foreseeable future. In response to this move, the firm in Japan established a 280-person practice to assist with IFRS conversion.
EMA Region
For the EMA (Europe, Middle East and Africa) region, combined KPMG member firm revenues increased 16.3 percent to US$12.41 billion.
In the EMA region, FY08 revenue results were particularly strong in Central and Eastern Europe (CEE), at 34.4 percent in U.S. dollars, the Commonwealth of Independent States (CIS) at 62.1 percent in U.S. dollars, and in Africa, at 16.5 percent in U.S. dollars, as well as in such national markets as Spain, which grew at 28.8 percent and Denmark where revenues rose 24.8 percent, both in U.S. dollars.
Also in the region, KPMG in Spain and KPMG in the Netherlands voted this year to join the KPMG merger in Europe - alongside the UK, Germany and Switzerland. KPMG Europe LLP is Europe's largest fully integrated accounting firm.
Americas Region
In the Americas region, FY08 revenue rose 8.8 percent to US$7.17 billion. KPMG in Brazil led national practices in the Americas with growth of 39.5 percent in U.S. dollars. In Canada, KPMG was selected this year as one of the 10 best employers to work for in 2009 from all companies in that country.
Among the innovative programs behind the recognition in Canada's Financial Post competition was KPMG's "Audit 1" program, which provides an unprecedented opportunity for a select number of new hires to receive global training.
In regulatory developments in the region, the United States, as well as Brazil, Mexico and Chile, among others, are expected to transition to International Financial Reporting Standards (IFRS) during the next several years. KPMG has delivered IFRS conversion services to more than 1,400 clients globally, and is bringing that depth of talent and experience to assist companies in the Americas as they convert to a global standard.
BRIC Countries
KPMG's outstanding overall performance in the BRIC countries (Brazil, Russia, India and China), saw aggregate revenues rise by 37.4 percent in U.S. dollars in the past year.
Thinking Beyond
"An economic crisis like the one we're seeing gives virtually every business permission to drive change - from how it develops and delivers its products and services to how it approaches the market," said Flynn. "I'm confident that KPMG's ability to 'think beyond' borders and immediate economic concerns - and our focus on global industries and our deep understanding of clients' businesses - will prove to be a real advantage for our clients in helping them emerge stronger after this crisis."
About KPMG International
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 144 countries and have 137,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
The financial information set forth on these pages represents combined - not consolidated - information of the separate KPMG firms that perform professional services for clients and is combined here solely for presentation purposes. KPMG International performs no professional services for clients nor, concomitantly, generates any revenue.
For further information, please contact:
Americas:
George Ledwith, Director of Communications
Tel (001)-201-307-8498
gledwith@kpmg.com
Europe, Middle East, Africa, South Asia, (EMA):
Gavin Houlgate, Director of Communications
Tel (0044)-207-694-3902
gavin.houlgate@kpmg.co.uk
Australia & Asia Pacific:
Rebecca Cook, Communications Manager
Tel (0061)-3-9288-5178
rebeccacook@kpmg.com.au
Notes to editors:
Combined revenues of KPMG member firms by region (U.S. $ billion):
KPMG regions 2008 2007 Growth in U.S.
Dollars (%)
Americas 7.17 6.59 8.8%
Asia Pacific 3.11 2.55 21.6%
Europe, Middle East, Africa 12.41 10.67 16.3%
Total 22.69 19.81 14.5%
Combined revenues of KPMG member firms by service line (U.S. $ billion):
KPMG services 2008 2007 Growth in U.S.
Dollars (%)
Audit 10.69 9.39 13.9%
Tax 4.73 3.99 18.3%
Advisory 7.27 6.43 13.0%
Total 22.69 19.81 14.5%
Combined headcount of KPMG member firms
2008 2007 Growth
Partners 7,677 7,159 7%
Professionals 104,057 92,924 12%
Administration 25,162 23,239 8%
Total 136,896 123,322 11%
SOURCE KPMG International
Copyright (C) 2008 PR Newswire. All rights reserved
Revenues Rise 37% Across BRIC countries
KPMG, the global network of professional service firms providing Audit, Tax and Advisory services, today announced that member firm combined revenues increased to US$22.69 billion for the fiscal year ending September 30, 2008, versus US$19.81 billion for the prior fiscal year, reflecting double-digit growth across all of KPMG's service lines.
KPMG's combined revenues for fiscal year 2008 represent growth of 14.5 percent in U.S. dollars and growth of 8.4 percent in local currency terms.
"All of our businesses recorded solid growth last year, despite the deepening and acceleration of the global financial crisis in the last quarter of KPMG's fiscal year," said Timothy P. Flynn, Chairman, KPMG International.
Across KPMG's geographic regions and member firms, the Asia Pacific region grew fastest in 2008, while Russia saw revenues rise 64.5 percent in U.S. dollars. In India, revenues jumped 48.9 percent, in China revenues rose 25.8 percent, and in Africa revenues increased 16.5 percent, all in U.S. dollars.
Confronting Economic Challenges
"As we witnessed the accelerated impact of the credit crisis in recent months, it became clear that businesses in every region and in every sector are being confronted with unprecedented challenges to maintain liquidity, anticipate fluctuating customer demand and maintain operating performance," said Flynn.
"In a period of profound and unprecedented changes, our profession, and in particular KPMG firms are well positioned and committed to help clients address the significant challenges ahead," he said.
Flynn added, "KPMG provides a portfolio of governance, liquidity, and operations related service offerings through our core Audit, Tax and Advisory businesses that will help clients as they seek to
re-define their risk management structure, achieve better cash management, sell assets, optimize costs, restructure their debt, prepare for the new regulation yet to come, and improve the depth and transparency of their financial reporting."
Service Line Revenues
Revenues in 2008 were strong across all three of KPMG's core businesses. For Audit services, where a faster rate of overall growth was recorded this year than in 2007, global revenues increased 13.9 percent to US$10.69 billion.
KPMG's Advisory services also achieved growth in all regions, with revenues increasing 13.0 percent to US$7.27 billion for the year.
Revenues for Tax services rose 18.3 percent to US$4.73 billion, again on the basis of strong performance in all regions globally.
Asia Pacific Region
The Asia Pacific region led the growth pace among KPMG's three global regions, with aggregated revenue growth of 21.6 percent to US$3.11 billion in FY08. KPMG China demonstrated particularly strong growth in the Asia Pacific region, with 25.8 percent growth in U.S. dollars. This year, member firms in the region also agreed to move toward a more aligned practice, in order to add to the strength and depth of client service in Asia Pacific.
Korea is expected to adopt a global accounting standard in the coming years. Japan has started to consider possible adoption of International Financial Reporting Standards (IFRS) in the foreseeable future. In response to this move, the firm in Japan established a 280-person practice to assist with IFRS conversion.
EMA Region
For the EMA (Europe, Middle East and Africa) region, combined KPMG member firm revenues increased 16.3 percent to US$12.41 billion.
In the EMA region, FY08 revenue results were particularly strong in Central and Eastern Europe (CEE), at 34.4 percent in U.S. dollars, the Commonwealth of Independent States (CIS) at 62.1 percent in U.S. dollars, and in Africa, at 16.5 percent in U.S. dollars, as well as in such national markets as Spain, which grew at 28.8 percent and Denmark where revenues rose 24.8 percent, both in U.S. dollars.
Also in the region, KPMG in Spain and KPMG in the Netherlands voted this year to join the KPMG merger in Europe - alongside the UK, Germany and Switzerland. KPMG Europe LLP is Europe's largest fully integrated accounting firm.
Americas Region
In the Americas region, FY08 revenue rose 8.8 percent to US$7.17 billion. KPMG in Brazil led national practices in the Americas with growth of 39.5 percent in U.S. dollars. In Canada, KPMG was selected this year as one of the 10 best employers to work for in 2009 from all companies in that country.
Among the innovative programs behind the recognition in Canada's Financial Post competition was KPMG's "Audit 1" program, which provides an unprecedented opportunity for a select number of new hires to receive global training.
In regulatory developments in the region, the United States, as well as Brazil, Mexico and Chile, among others, are expected to transition to International Financial Reporting Standards (IFRS) during the next several years. KPMG has delivered IFRS conversion services to more than 1,400 clients globally, and is bringing that depth of talent and experience to assist companies in the Americas as they convert to a global standard.
BRIC Countries
KPMG's outstanding overall performance in the BRIC countries (Brazil, Russia, India and China), saw aggregate revenues rise by 37.4 percent in U.S. dollars in the past year.
Thinking Beyond
"An economic crisis like the one we're seeing gives virtually every business permission to drive change - from how it develops and delivers its products and services to how it approaches the market," said Flynn. "I'm confident that KPMG's ability to 'think beyond' borders and immediate economic concerns - and our focus on global industries and our deep understanding of clients' businesses - will prove to be a real advantage for our clients in helping them emerge stronger after this crisis."
About KPMG International
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 144 countries and have 137,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
The financial information set forth on these pages represents combined - not consolidated - information of the separate KPMG firms that perform professional services for clients and is combined here solely for presentation purposes. KPMG International performs no professional services for clients nor, concomitantly, generates any revenue.
For further information, please contact:
Americas:
George Ledwith, Director of Communications
Tel (001)-201-307-8498
gledwith@kpmg.com
Europe, Middle East, Africa, South Asia, (EMA):
Gavin Houlgate, Director of Communications
Tel (0044)-207-694-3902
gavin.houlgate@kpmg.co.uk
Australia & Asia Pacific:
Rebecca Cook, Communications Manager
Tel (0061)-3-9288-5178
rebeccacook@kpmg.com.au
Notes to editors:
Combined revenues of KPMG member firms by region (U.S. $ billion):
KPMG regions 2008 2007 Growth in U.S.
Dollars (%)
Americas 7.17 6.59 8.8%
Asia Pacific 3.11 2.55 21.6%
Europe, Middle East, Africa 12.41 10.67 16.3%
Total 22.69 19.81 14.5%
Combined revenues of KPMG member firms by service line (U.S. $ billion):
KPMG services 2008 2007 Growth in U.S.
Dollars (%)
Audit 10.69 9.39 13.9%
Tax 4.73 3.99 18.3%
Advisory 7.27 6.43 13.0%
Total 22.69 19.81 14.5%
Combined headcount of KPMG member firms
2008 2007 Growth
Partners 7,677 7,159 7%
Professionals 104,057 92,924 12%
Administration 25,162 23,239 8%
Total 136,896 123,322 11%
SOURCE KPMG International
Copyright (C) 2008 PR Newswire. All rights reserved
Thursday, December 11, 2008
Learn about the Global Intimate Apparel Market: 2008 Edition
NEW YORK, Dec 11, 2008 (BUSINESS WIRE) -- Reportlinker.com announces that a new market research report related to the Underwear industry is available in its catalogue.
Global Intimate Apparel Market: 2008 Edition
The global lingerie industry supply chain is likely to see falling margins in the near future in the wake of the weakening consumer confidence as a result of looming recession and economic slowdown.
However, the global lingerie industry is not likely to see a major downward growth trend mainly because of the fact that a slowing US and Western European lingerie market is being compensated by the growing Russian and Asian lingerie markets.
The Russian lingerie market is seeing a higher growth rate compared to the overall apparel industry on the back of money spending middle class. Wages and salaries in Russia have grown at an annual average rate of 12.8% over the past years.
The demographic evolution in Asia, particularly in China and India and the increasing urbanization, brand awareness, and rapid retail growth in these two countries are influencing consumers to migrate to branded innerwear, thereby fuelling the growth of organized lingerie market.
Currently the Asian market is playing an important role in the growth of the lingerie industry. While the global lingerie market grew at a rate of approximately 3%, the Asian lingerie market has shown tremendous growth with 8%. So, Asia and to some extent Eastern European countries like Russia have emerged as important markets for Western and Asian lingerie brands.
And the sales channel that has become more pronounced for lingerie manufacturers is the specialist lingerie chains. These chains are taking a major share of the market especially in the European countries. And this is evident with the growing level of consolidation in this sales channel. The recent acquisition of Lejaby (French lingerie and swimwear subsidiary of US group Warnaco) by the Austrian textiles group Palmers Textil, Princess Tam Tam by Japan's Fast Retailing Co. and French lingerie chain Orcanta by Chantelle Group indicates growing popularity of the specialist lingerie chains.
Created in November 2008, the report titled "Global Intimate Apparel Industry: 2008 Edition" gives an updated and analytical view of the global intimate apparel industry. The report assesses the overall industry by region, presents the major trends in different geographies and analyzes sales by channel of distribution in major regions/countries. It also analyzes the market opportunities for lingerie manufacturers, suppliers, distributors and retailers. The report also gives a comprehensive analysis of the leading players in the lingerie market. Further, the level of threat of new entrants, competitive intensity and bargaining power of buyers and suppliers has been presented with the Porter's Five Forces framework.
Finally, market forecast has been done keeping in view the current global economic scenario.
1. Global Intimate Apparel Market
1.1 Market Definition
1.2 Market Size and Growth
1.3 Market Opportunities
2. US Intimate Apparel Market
2.1 Market Overview
2.2 Market Size and Growth
2.3 Sales by Major Categories
2.4 Major Market Trends
3. European Intimate Apparel Market
3.1 UK Intimate Apparel Market
3.1.1 Market Size and Growth
3.1.2 Sales by Channel of Distribution
3.1.3 Major Market Trends
3.2 French Intimate Apparel Market
3.2.1 Market Size and Growth
3.2.2 Sales by Channel of Distribution
3.2.3 Major Market Trends
3.3 Russian Intimate Apparel Market
3.3.1 Market Size and Growth
3.3.2 Market Share by Segment
3.3.3 Sales by Channel of Distribution
3.3.4 Major Market Trends
4. Asian Intimate Apparel Market
4.1 Chinese Intimate Apparel Market
4.1.1 Market Size and Growth
4.1.2 Major Market Trends
4.2 Indian Intimate Apparel Market
4.2.1 Market Size and Growth
4.2.2 Market Share by Segment
4.2.3 Sales by Channel of Distribution
4.2.4 Major Market Trends
5. Porter's Five Forces Analysis: Lingerie Industry
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Competitive Rivalry
5.4 Threat of New Entrants
5.5 Threat of Substitutes
6. Competitive Landscape: Global Lingerie Industry
6.1 Victoria's Secret (Limited Brands)
6.1.1 Company Description
6.1.2 Major Brands and distribution channels
6.1.3 Business Strategies
6.2 Maidenform Brands, Inc
6.2.1 Company Description
6.2.2 Major Brands and distribution channels
6.2.3 Business Strategies
6.3 Van de Velde
6.3.1 Company Description
6.3.1 Major Brands and distribution channels
6.3.2 Business Strategies
6.4 CALIDA Holding AG
6.4.1 Company Description
6.4.2 Major Brands and distribution channels
6.4.3 Business Strategies
7. Future Outlook
7.1 Overall Economic Environment
7.2 Market Forecast
List of Figures
Global Intimate Apparel Market Size: 2003- 2007 Global Intimate Apparel Market Share by Region (2007) Global Intimate Apparel Market: Sales by Country (2007) Global Intimate Apparel Market: Segment Contribution (2007) US Apparel Industry by Major Segments: 2007 US Intimate Apparel Market Size (Value): 2002-2007 US Intimate Apparel Sales (Value): Major Categories: 2007 US Intimate Apparel Sales (Value): Major Categories: Q108 versus Q208 Lingerie budget per woman/year in European countries - 2007 UK Intimate Apparel Market Size (Value): 2002-2007 UK Intimate Apparel Market: Sales by Channel (Value): 2007 French Intimate Apparel Market Size (Value): 2002-2007 French Intimate Apparel Market: Sales by Channel (Value): 2007 Russian Intimate Apparel Market Size (Value): 2004-2007 Russian lingerie market: Sales by Segment (Value) - 2007 Russian lingerie market: Sales by Channel (Value) - 2007 Chinese Intimate Apparel Market Size (Value): 2003-2007 Innerwear Market in India (Value): 2003-2007 Value of lingerie market in India: 2003-2007 Share of lingerie market by segment: 2007 Indian Lingerie Channels - Sales Break-up Van de Velde - Percentage sales by brands (2007) Calida - Sales growth by brand/channel - 1H 2008 Global Intimate Apparel Market Forecast: 2008- 2010
List of Tables
US Apparel Categories: Market Size - 2007 versus 2006 Number of lingerie brands by country - Europe Sales of top lingerie brands in Europe Ownership and brands of major lingerie manufacturers Market Share and Distribution Channel of major US Intimate Apparel Makers Victoria's Secret - Fact sheet
To order this report: Global Intimate Apparel Market: 2008 Edition
More market research reports here!
SOURCE: ReportLinker
Reportlinker
Nicolas: nbo@reportlinker.com
US: (805)-652-2626
Intl: +1 805-652-2626
Copyright Business Wire 2008
Global Intimate Apparel Market: 2008 Edition
The global lingerie industry supply chain is likely to see falling margins in the near future in the wake of the weakening consumer confidence as a result of looming recession and economic slowdown.
However, the global lingerie industry is not likely to see a major downward growth trend mainly because of the fact that a slowing US and Western European lingerie market is being compensated by the growing Russian and Asian lingerie markets.
The Russian lingerie market is seeing a higher growth rate compared to the overall apparel industry on the back of money spending middle class. Wages and salaries in Russia have grown at an annual average rate of 12.8% over the past years.
The demographic evolution in Asia, particularly in China and India and the increasing urbanization, brand awareness, and rapid retail growth in these two countries are influencing consumers to migrate to branded innerwear, thereby fuelling the growth of organized lingerie market.
Currently the Asian market is playing an important role in the growth of the lingerie industry. While the global lingerie market grew at a rate of approximately 3%, the Asian lingerie market has shown tremendous growth with 8%. So, Asia and to some extent Eastern European countries like Russia have emerged as important markets for Western and Asian lingerie brands.
And the sales channel that has become more pronounced for lingerie manufacturers is the specialist lingerie chains. These chains are taking a major share of the market especially in the European countries. And this is evident with the growing level of consolidation in this sales channel. The recent acquisition of Lejaby (French lingerie and swimwear subsidiary of US group Warnaco) by the Austrian textiles group Palmers Textil, Princess Tam Tam by Japan's Fast Retailing Co. and French lingerie chain Orcanta by Chantelle Group indicates growing popularity of the specialist lingerie chains.
Created in November 2008, the report titled "Global Intimate Apparel Industry: 2008 Edition" gives an updated and analytical view of the global intimate apparel industry. The report assesses the overall industry by region, presents the major trends in different geographies and analyzes sales by channel of distribution in major regions/countries. It also analyzes the market opportunities for lingerie manufacturers, suppliers, distributors and retailers. The report also gives a comprehensive analysis of the leading players in the lingerie market. Further, the level of threat of new entrants, competitive intensity and bargaining power of buyers and suppliers has been presented with the Porter's Five Forces framework.
Finally, market forecast has been done keeping in view the current global economic scenario.
1. Global Intimate Apparel Market
1.1 Market Definition
1.2 Market Size and Growth
1.3 Market Opportunities
2. US Intimate Apparel Market
2.1 Market Overview
2.2 Market Size and Growth
2.3 Sales by Major Categories
2.4 Major Market Trends
3. European Intimate Apparel Market
3.1 UK Intimate Apparel Market
3.1.1 Market Size and Growth
3.1.2 Sales by Channel of Distribution
3.1.3 Major Market Trends
3.2 French Intimate Apparel Market
3.2.1 Market Size and Growth
3.2.2 Sales by Channel of Distribution
3.2.3 Major Market Trends
3.3 Russian Intimate Apparel Market
3.3.1 Market Size and Growth
3.3.2 Market Share by Segment
3.3.3 Sales by Channel of Distribution
3.3.4 Major Market Trends
4. Asian Intimate Apparel Market
4.1 Chinese Intimate Apparel Market
4.1.1 Market Size and Growth
4.1.2 Major Market Trends
4.2 Indian Intimate Apparel Market
4.2.1 Market Size and Growth
4.2.2 Market Share by Segment
4.2.3 Sales by Channel of Distribution
4.2.4 Major Market Trends
5. Porter's Five Forces Analysis: Lingerie Industry
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Competitive Rivalry
5.4 Threat of New Entrants
5.5 Threat of Substitutes
6. Competitive Landscape: Global Lingerie Industry
6.1 Victoria's Secret (Limited Brands)
6.1.1 Company Description
6.1.2 Major Brands and distribution channels
6.1.3 Business Strategies
6.2 Maidenform Brands, Inc
6.2.1 Company Description
6.2.2 Major Brands and distribution channels
6.2.3 Business Strategies
6.3 Van de Velde
6.3.1 Company Description
6.3.1 Major Brands and distribution channels
6.3.2 Business Strategies
6.4 CALIDA Holding AG
6.4.1 Company Description
6.4.2 Major Brands and distribution channels
6.4.3 Business Strategies
7. Future Outlook
7.1 Overall Economic Environment
7.2 Market Forecast
List of Figures
Global Intimate Apparel Market Size: 2003- 2007 Global Intimate Apparel Market Share by Region (2007) Global Intimate Apparel Market: Sales by Country (2007) Global Intimate Apparel Market: Segment Contribution (2007) US Apparel Industry by Major Segments: 2007 US Intimate Apparel Market Size (Value): 2002-2007 US Intimate Apparel Sales (Value): Major Categories: 2007 US Intimate Apparel Sales (Value): Major Categories: Q108 versus Q208 Lingerie budget per woman/year in European countries - 2007 UK Intimate Apparel Market Size (Value): 2002-2007 UK Intimate Apparel Market: Sales by Channel (Value): 2007 French Intimate Apparel Market Size (Value): 2002-2007 French Intimate Apparel Market: Sales by Channel (Value): 2007 Russian Intimate Apparel Market Size (Value): 2004-2007 Russian lingerie market: Sales by Segment (Value) - 2007 Russian lingerie market: Sales by Channel (Value) - 2007 Chinese Intimate Apparel Market Size (Value): 2003-2007 Innerwear Market in India (Value): 2003-2007 Value of lingerie market in India: 2003-2007 Share of lingerie market by segment: 2007 Indian Lingerie Channels - Sales Break-up Van de Velde - Percentage sales by brands (2007) Calida - Sales growth by brand/channel - 1H 2008 Global Intimate Apparel Market Forecast: 2008- 2010
List of Tables
US Apparel Categories: Market Size - 2007 versus 2006 Number of lingerie brands by country - Europe Sales of top lingerie brands in Europe Ownership and brands of major lingerie manufacturers Market Share and Distribution Channel of major US Intimate Apparel Makers Victoria's Secret - Fact sheet
To order this report: Global Intimate Apparel Market: 2008 Edition
More market research reports here!
SOURCE: ReportLinker
Reportlinker
Nicolas: nbo@reportlinker.com
US: (805)-652-2626
Intl: +1 805-652-2626
Copyright Business Wire 2008
Arthur D. Little: The BRIC Battle - Winning the Global Race for the Emerging Middle Segment
A new study identifies what major growth in the four largest emerging economies will mean for mature market multinationals
LONDON, Dec 11, 2008 (BUSINESS WIRE) -- With global policy makers and business leaders predicting the emerging BRIC markets will remain the key source for growth in the crisis, a new study by Arthur D. Little explains that mature market multinationals must re-evaluate their outmoded globalization philosophies or risk losing out to a new generation of ambitious, fast growing emerging market companies. The report, "The BRIC Battle - Winning the Global Race for the Emerging Middle Segment," explores how to capture a significant share of the largest customer segment in these countries.
"Just a few days ago private equity house Actis announced it has raised GBP 2.9bn for investment specifically in the BRIC emerging markets - proof positive that as the developed economies face recession in a post-credit crunch environment, emerging markets will continue to grow, albeit at a slower pace" reflects Kurt Baes, a co-author of the report and principal of Arthur D. Little's Shanghai office. "Multinationals find themselves at a tipping point - they must either begin to re-engineer their engagement with the BRIC markets now, or risk being left behind."
Growing middle segment
According to Arthur D. Little's latest report, over the next 20 years Brazil, Russia, India, and China - the so-called BRIC - will account for 50% of global incremental GDP growth. Based upon project experience and interviews with hundreds of leading companies in the US, Europe and Asia, the report's authors found that mature market multinational companies (MNCs) currently operating in BRIC markets tend only to target the premium segment - leaving local competitors free to serve the lower and emerging middle market segments. The BRIC "middle segment" consist of those products with good basic functionality but without the 'bells and whistles' of excess packaging, branding, and differentiating features to which many mature market consumers and companies have become accustomed. As the emerging markets' middle classes grow, so are the local companies that serve them. Hence the imperative for MNCs to address this market segment now.
"Unless the MNCs begin targeting the growing middle segment in the BRIC economies, they will not exploit the huge growth potential and risk losing ground to increasingly sophisticated local players, who are now taking the success gained in their home markets and translating that into rapidly expanding global offerings," added Wilhelm Lerner, co-author of the report and Head of Arthur D. Little's Central European Strategy & Organisation Practice. "As the economy enters a period of global recession where we are seeing developed nations hit the hardest, multinational brands must re-think their emerging market strategies and develop the product offerings and market knowledge to capture a larger share of the growing BRIC middle segment. That is their only chance to remain successful in the long term."
Entering with caution
Western white goods giant Whirlpool, home furnishings retailer Ikea, detergent brand Unilever, fast food chain KFC, and car manufacturer Toyota are all developed market companies that have made an early and definitive decision to target the BRIC middle segment. The report outlines how each company faced significant cultural, technical, and geographic challenges in successfully capturing these markets' middle segments, and offers businesses a new strategy for entering the emerging markets: BRIC 2.0.
Arthur D. Little's BRIC 2.0 strategy is based on a double-rationale for why mature market companies must act now to drive growth in the emerging markets' middle segments: to exploit the immense local growth opportunity and to protect their position in their home market. To achieve this, the report offers three ingredients to consider in developing a BRIC market entry strategy:
-- Fight - Combine international brand power with proven, local go-to-market approaches
-- Focus - First invest in a single, key region; roll out to subsequent regions once a strong market position is achieved
-- Simplify - Actively leverage the MNCs' technical expertise to design new product and service offerings that address local needs, far beyond simple copying or de-engineering of existing offerings.
"The complexities of entering a new market have been compounded by the continuous growth and changing nature of the BRIC middle segments over the last decade. As local players from each of the emerging markets aggressively pursue growth in both mature and other emerging markets, MNCs must act now to avoid losing ground to these new competitors, who have adapted successful go-to-market approaches specifically tailored for the growing global middle segment," concluded Petter Kilefors, co-author of the report and Global Practice Leader of Arthur D. Little's Strategy & Organisation Practice.
Looking ahead
As part of this study, Arthur D. Little gathered primary data from 60 MNCs in different geographies and industries, in order to develop the first ever publication of combined BRIC revenues disclosed on a per company basis. This data is currently being analysed to identify BRIC market "winners". "The Arthur D. Little BRIC Honorary Award" and accompanying analysis will be revealed in Q1 2009.
So far the research shows significant differences between industries: both construction industry & materials players and engineering & manufacturing firms have understood the message clearly, pushing their BRIC share into 20-40% growth figures annually since 2005. On the other hand, semiconductor and mobile device manufacturers' BRIC shares have stagnated in their portfolio; a sign that they may be missing out.
Industry Ranking Revenue share of BRIC Revenue share increase
(Revenue share of BRIC in total revenue) in total revnue (%) of BRIC '05-'07 (CAGR. %)
1. Semiconductor Manufacturers >20% <13%>13%
5. Engineering & Manufacturing 10% -20% >13%
6. Pharma & Chemicals >13%
7. Construction Industry & Construction materials suppliers >13%
8. Consumer Goods & Retail >13%
Average (across sample) 11.3% 12.9%
The BRIC Battle - Winning the Global Race for the Emerging Middle Segment is now available for download at http://www.adl.com/BRIC
About Arthur D. Little
Arthur D. Little (ADL), founded in 1886, is a leading global management consulting firm that links strategy, innovation and technology to master complex business challenges while delivering sustainable results to our clients. Arthur D. Little has a collaborative client engagement style, exceptional people, and a firm-wide commitment to quality and integrity. ADL is proud to serve many of the Fortune 100 companies globally in addition to many other leading firms and public sector organisations.
Arthur D Little has over 30 offices worldwide, employing over 1,000 people. If you would like additional information on the firm, please visit www.adl.com.
SOURCE: Arthur D. Little
Petter Kilefors
Arthur D. Little
Tel: +46-8-50306542
kilefors.petter@adlittle.com
or
Wilhelm Lerner
Arthur D. Little
Tel: +49 175 5806151
lerner.wilhelm@adlittle.com
or
Kurt Baes
Arthur D. Little
Tel: +86 21 6447 8866
baes.kurt@adlittle.com
or
Sue Glanville/ Maita Soukup
Say Communications
Tel: +44 (0)208 971 6411 / 6423
sglanville@saycomms.co.uk
msoukup@saycomms.co.uk
Copyright Business Wire 2008
LONDON, Dec 11, 2008 (BUSINESS WIRE) -- With global policy makers and business leaders predicting the emerging BRIC markets will remain the key source for growth in the crisis, a new study by Arthur D. Little explains that mature market multinationals must re-evaluate their outmoded globalization philosophies or risk losing out to a new generation of ambitious, fast growing emerging market companies. The report, "The BRIC Battle - Winning the Global Race for the Emerging Middle Segment," explores how to capture a significant share of the largest customer segment in these countries.
"Just a few days ago private equity house Actis announced it has raised GBP 2.9bn for investment specifically in the BRIC emerging markets - proof positive that as the developed economies face recession in a post-credit crunch environment, emerging markets will continue to grow, albeit at a slower pace" reflects Kurt Baes, a co-author of the report and principal of Arthur D. Little's Shanghai office. "Multinationals find themselves at a tipping point - they must either begin to re-engineer their engagement with the BRIC markets now, or risk being left behind."
Growing middle segment
According to Arthur D. Little's latest report, over the next 20 years Brazil, Russia, India, and China - the so-called BRIC - will account for 50% of global incremental GDP growth. Based upon project experience and interviews with hundreds of leading companies in the US, Europe and Asia, the report's authors found that mature market multinational companies (MNCs) currently operating in BRIC markets tend only to target the premium segment - leaving local competitors free to serve the lower and emerging middle market segments. The BRIC "middle segment" consist of those products with good basic functionality but without the 'bells and whistles' of excess packaging, branding, and differentiating features to which many mature market consumers and companies have become accustomed. As the emerging markets' middle classes grow, so are the local companies that serve them. Hence the imperative for MNCs to address this market segment now.
"Unless the MNCs begin targeting the growing middle segment in the BRIC economies, they will not exploit the huge growth potential and risk losing ground to increasingly sophisticated local players, who are now taking the success gained in their home markets and translating that into rapidly expanding global offerings," added Wilhelm Lerner, co-author of the report and Head of Arthur D. Little's Central European Strategy & Organisation Practice. "As the economy enters a period of global recession where we are seeing developed nations hit the hardest, multinational brands must re-think their emerging market strategies and develop the product offerings and market knowledge to capture a larger share of the growing BRIC middle segment. That is their only chance to remain successful in the long term."
Entering with caution
Western white goods giant Whirlpool, home furnishings retailer Ikea, detergent brand Unilever, fast food chain KFC, and car manufacturer Toyota are all developed market companies that have made an early and definitive decision to target the BRIC middle segment. The report outlines how each company faced significant cultural, technical, and geographic challenges in successfully capturing these markets' middle segments, and offers businesses a new strategy for entering the emerging markets: BRIC 2.0.
Arthur D. Little's BRIC 2.0 strategy is based on a double-rationale for why mature market companies must act now to drive growth in the emerging markets' middle segments: to exploit the immense local growth opportunity and to protect their position in their home market. To achieve this, the report offers three ingredients to consider in developing a BRIC market entry strategy:
-- Fight - Combine international brand power with proven, local go-to-market approaches
-- Focus - First invest in a single, key region; roll out to subsequent regions once a strong market position is achieved
-- Simplify - Actively leverage the MNCs' technical expertise to design new product and service offerings that address local needs, far beyond simple copying or de-engineering of existing offerings.
"The complexities of entering a new market have been compounded by the continuous growth and changing nature of the BRIC middle segments over the last decade. As local players from each of the emerging markets aggressively pursue growth in both mature and other emerging markets, MNCs must act now to avoid losing ground to these new competitors, who have adapted successful go-to-market approaches specifically tailored for the growing global middle segment," concluded Petter Kilefors, co-author of the report and Global Practice Leader of Arthur D. Little's Strategy & Organisation Practice.
Looking ahead
As part of this study, Arthur D. Little gathered primary data from 60 MNCs in different geographies and industries, in order to develop the first ever publication of combined BRIC revenues disclosed on a per company basis. This data is currently being analysed to identify BRIC market "winners". "The Arthur D. Little BRIC Honorary Award" and accompanying analysis will be revealed in Q1 2009.
So far the research shows significant differences between industries: both construction industry & materials players and engineering & manufacturing firms have understood the message clearly, pushing their BRIC share into 20-40% growth figures annually since 2005. On the other hand, semiconductor and mobile device manufacturers' BRIC shares have stagnated in their portfolio; a sign that they may be missing out.
Industry Ranking Revenue share of BRIC Revenue share increase
(Revenue share of BRIC in total revenue) in total revnue (%) of BRIC '05-'07 (CAGR. %)
1. Semiconductor Manufacturers >20% <13%>13%
5. Engineering & Manufacturing 10% -20% >13%
6. Pharma & Chemicals >13%
7. Construction Industry & Construction materials suppliers >13%
8. Consumer Goods & Retail >13%
Average (across sample) 11.3% 12.9%
The BRIC Battle - Winning the Global Race for the Emerging Middle Segment is now available for download at http://www.adl.com/BRIC
About Arthur D. Little
Arthur D. Little (ADL), founded in 1886, is a leading global management consulting firm that links strategy, innovation and technology to master complex business challenges while delivering sustainable results to our clients. Arthur D. Little has a collaborative client engagement style, exceptional people, and a firm-wide commitment to quality and integrity. ADL is proud to serve many of the Fortune 100 companies globally in addition to many other leading firms and public sector organisations.
Arthur D Little has over 30 offices worldwide, employing over 1,000 people. If you would like additional information on the firm, please visit www.adl.com.
SOURCE: Arthur D. Little
Petter Kilefors
Arthur D. Little
Tel: +46-8-50306542
kilefors.petter@adlittle.com
or
Wilhelm Lerner
Arthur D. Little
Tel: +49 175 5806151
lerner.wilhelm@adlittle.com
or
Kurt Baes
Arthur D. Little
Tel: +86 21 6447 8866
baes.kurt@adlittle.com
or
Sue Glanville/ Maita Soukup
Say Communications
Tel: +44 (0)208 971 6411 / 6423
sglanville@saycomms.co.uk
msoukup@saycomms.co.uk
Copyright Business Wire 2008
Sunday, December 7, 2008
Russia and India Sign Agreement to Work Closer Together Economically
In an attempt to work closer together after years of cool relations, Russia and India signed a pact concerning economic trade and cooperation.
A major deal involved building of nuclear reactors by Russia for India to use for energy.
“The signing of the agreement on civil nuclear cooperation with Russia marks a new milestone in the history of our cooperation in the field of nuclear energy,” Indian Prime Minister Manmohan Singh said in New Delhi after talks with Russian President Dmitry Medvedev.
The two countries have a goal of increasing trade to about $10 billion by 2010, while working on improving relations that have been strained since the collapse of the Soviet Union.
In reference to military related items, the two countries signed deals for the sale of 80 helicopters to India, worth over $1 billion according to the state arms selling agent and CEO of Rosoboronexport, Anatoly Isaikin.
Russian President Dmitry Medvedev, said he hopes to extend the accord to 10 years, while working with India to develop and produce missiles and aircraft jointly.
Other partnerships would include working together on metals, space, machine building, pharmaceuticals, nuclear powered submarines, biotechnology and information technology.
A major deal involved building of nuclear reactors by Russia for India to use for energy.
“The signing of the agreement on civil nuclear cooperation with Russia marks a new milestone in the history of our cooperation in the field of nuclear energy,” Indian Prime Minister Manmohan Singh said in New Delhi after talks with Russian President Dmitry Medvedev.
The two countries have a goal of increasing trade to about $10 billion by 2010, while working on improving relations that have been strained since the collapse of the Soviet Union.
In reference to military related items, the two countries signed deals for the sale of 80 helicopters to India, worth over $1 billion according to the state arms selling agent and CEO of Rosoboronexport, Anatoly Isaikin.
Russian President Dmitry Medvedev, said he hopes to extend the accord to 10 years, while working with India to develop and produce missiles and aircraft jointly.
Other partnerships would include working together on metals, space, machine building, pharmaceuticals, nuclear powered submarines, biotechnology and information technology.
Wednesday, November 26, 2008
BRIC TV: Russian President Dmitry Medvedev meets with Luiz Inacio Lula da Silva
Russian President Dmitry Medvedev meets with Brazilian counterpart Luiz Inacio Lula da Silva
Wednesday, November 19, 2008
Jim Rogers TV: Jim Rogers Talking on China and Economic Future
Talking on China: stocks, investment, stimulus - infrastructure key at this time
To see other excellent Jim Rogers videos go here
To see other excellent Jim Rogers videos go here
Thursday, November 13, 2008
Bank of China to Open in Brazil Starting Early 2009
After a request in August 2007 to operate in Brazil, the Bank of China was finally granted permission and will officially open its doors in early 2009, according to China’s ambassador to Brazil, Chen Duqing. Brazilian President Luiz Inácio Lula da Silva signed the agreement last Friday.
At this time, the main focus of the Bank of China in Brazil will be to offer financing to Chinese companies looking to do business the country, said president of the Brazil-China Chamber for Economic Development Sao Paulo (CBCDE), Paul Liu.
The Development Bank of China is already doing business in Brazil, and has already funded a couple construction projects. They are also looking to expand their operations by focusing on larger infrastructure projects like energy, ports and railways.
At this time, the main focus of the Bank of China in Brazil will be to offer financing to Chinese companies looking to do business the country, said president of the Brazil-China Chamber for Economic Development Sao Paulo (CBCDE), Paul Liu.
The Development Bank of China is already doing business in Brazil, and has already funded a couple construction projects. They are also looking to expand their operations by focusing on larger infrastructure projects like energy, ports and railways.
Sunday, November 9, 2008
China to Offer Stimulus Package Worth Over $585 Billion
Even though China has been doing pretty well economically, projections are its growth will slow by about 3 percent over the next year, down to a little over 8 percent.
That has caused China to enter into the stimulus package fad, and has announced it will offer a package worth over $585 billion to generate growth.
With China being especially vulnerable to export demand slowing down, much of the package will focus on huge infrastructure spending in order to shore up domestic growth.
Some of the sectors targeted, which will focus primarily in ten key areas in the country, are transportation, rural infrastructure, low-income housing, electricity and water. Some of the funds will also be used to build up areas ravaged from natural disasters, particularly the May earthquake in the Sichuan province.
Along with the stimulus package, which is scheduled to be spent over a two-year period, China will also loosen up credit and cut "value-added" taxes which should eliminate up to $17.5 billion in costs to industry.
Concerning credit, commercial bank ceilings will be ended in order to stimulate more lending to projects considered vital to the country. Hopes are it will have an impact on small businesses, rural areas, industrial mergers and acquisitions, and innovation in the technical sector.
That has caused China to enter into the stimulus package fad, and has announced it will offer a package worth over $585 billion to generate growth.
With China being especially vulnerable to export demand slowing down, much of the package will focus on huge infrastructure spending in order to shore up domestic growth.
Some of the sectors targeted, which will focus primarily in ten key areas in the country, are transportation, rural infrastructure, low-income housing, electricity and water. Some of the funds will also be used to build up areas ravaged from natural disasters, particularly the May earthquake in the Sichuan province.
Along with the stimulus package, which is scheduled to be spent over a two-year period, China will also loosen up credit and cut "value-added" taxes which should eliminate up to $17.5 billion in costs to industry.
Concerning credit, commercial bank ceilings will be ended in order to stimulate more lending to projects considered vital to the country. Hopes are it will have an impact on small businesses, rural areas, industrial mergers and acquisitions, and innovation in the technical sector.
Commodity Futures Ban In India Should End November 30
In a misguided decision to suspend futures trading on rubber, chana, soyoil and potatoes, the Indian government has hurt two of the three major commodity exchanges in the country.
With there being no proof that traders had anything to do with increased food prices, chairman of the Forwards Markets Commission, B.C. Khatua, says he believes the suspension will be lifted on November 30.
India will have to make a decision to allow unimpeded trading if they want to be a serious global player in commodities.
The suspension of trading reveals they don't have an understanding on how markets work. Foreign investors won't consider them reliable if they step in when prices go beyond their desired range.
With there being no proof that traders had anything to do with increased food prices, chairman of the Forwards Markets Commission, B.C. Khatua, says he believes the suspension will be lifted on November 30.
India will have to make a decision to allow unimpeded trading if they want to be a serious global player in commodities.
The suspension of trading reveals they don't have an understanding on how markets work. Foreign investors won't consider them reliable if they step in when prices go beyond their desired range.
Saturday, November 8, 2008
BRIC Economies Slowing but will Still Remain Healthy
While there's no doubt every country in the world is being hurt by the economic crisis, BRIC countries will continue to grow, albeit at a significantly slower pace than in the recent past. The CIS states, as far as emerging markets go, will be hit the worst, according to the International Monetary Fund.
For BRIC countries, Russia's growth will drop to about 3.5 percent, a decline of 2.6 percent; Brazil will fall by close to 2 percent; and India will fall by over 3 percent in GDP. China will also plunge by about 3 percent, but will still grow at a healthy rate of over 8 percent in 2009.
One positive development that is helping the BRIC countries is a growing middle class, which has created domestic demand for products and services, which in turn is helping bolster their economies, even as their export markets dry up.
For BRIC countries, Russia's growth will drop to about 3.5 percent, a decline of 2.6 percent; Brazil will fall by close to 2 percent; and India will fall by over 3 percent in GDP. China will also plunge by about 3 percent, but will still grow at a healthy rate of over 8 percent in 2009.
One positive development that is helping the BRIC countries is a growing middle class, which has created domestic demand for products and services, which in turn is helping bolster their economies, even as their export markets dry up.
Thursday, November 6, 2008
Russia, Italy Forge Nuclear Power Agreement
Russian President Dmitry Medvedev and visiting Italian Prime Minister Silvio Berlusconi came to an agreement to help rebuild the Italian nuclear industry today. Berlusconi came to power partly because of riding the nuclear platform.
The nuclear deal will entail working on thrid and fourth-generation reactors, said Rosatom head Sergei Kiriyenko. Kiriyenko added that while Italy still has some expertise, they've lost some of it since dropping a nuclear program in 1986 after the Chernobyl incident.
Berlusconi is looking to the industry to make Italy into a major nuclear power in the European Union.
In other agreements between the two countries, Russian automaker Sollers agreed to manufacture low-cost cars from Fiat in Russia; Italian tire maker Pirelli will produce tires in Samara in cooperation with Russian Technologies; and Finmeccanica, an Italian aerospace and defense company will work with a number of Russian state-controlled companies in a variety of deals, including the Russian rail sector.
A 1.35 billion euro deal between LUKoil and Italian refiner ERG will give Russia a presence in the European refining business.
In a side note, Berlusconi made a statement about U.S. president-elect Barack Obama that caused a stir.
Talking of Russian president Medvedev, he said he shouldn't have any problems working with Obama, as he is "also handsome, young and even suntanned."
When the Obama-loving mainstream media got hold of it and attacked Berlusconi for the comment, he fired back saying they were faulty of "not having a sense of humor."
The nuclear deal will entail working on thrid and fourth-generation reactors, said Rosatom head Sergei Kiriyenko. Kiriyenko added that while Italy still has some expertise, they've lost some of it since dropping a nuclear program in 1986 after the Chernobyl incident.
Berlusconi is looking to the industry to make Italy into a major nuclear power in the European Union.
In other agreements between the two countries, Russian automaker Sollers agreed to manufacture low-cost cars from Fiat in Russia; Italian tire maker Pirelli will produce tires in Samara in cooperation with Russian Technologies; and Finmeccanica, an Italian aerospace and defense company will work with a number of Russian state-controlled companies in a variety of deals, including the Russian rail sector.
A 1.35 billion euro deal between LUKoil and Italian refiner ERG will give Russia a presence in the European refining business.
In a side note, Berlusconi made a statement about U.S. president-elect Barack Obama that caused a stir.
Talking of Russian president Medvedev, he said he shouldn't have any problems working with Obama, as he is "also handsome, young and even suntanned."
When the Obama-loving mainstream media got hold of it and attacked Berlusconi for the comment, he fired back saying they were faulty of "not having a sense of humor."
Microsoft Chairman Bill Gates Upbeat about Indian IT Companies
Even in the tough economic conditions, Microsoft (MSFT) chairman Bill Gates said in a seminar at IIT Delhi that Indian IT companies will be affected by the worldwide economic slowdown, but will still do well because of the good reputation of the industry in India.
“IT companies in India are great partners of Microsoft. They are investing in the long term and they have a pretty incredible reputation. They are always considered whenever a global project comes up,” he said.
Gates is in India as a representative of the Bill & Melinda Gates Foundation, specifically focusing on anti-polio efforts, along with other health issues.
“IT companies in India are great partners of Microsoft. They are investing in the long term and they have a pretty incredible reputation. They are always considered whenever a global project comes up,” he said.
Gates is in India as a representative of the Bill & Melinda Gates Foundation, specifically focusing on anti-polio efforts, along with other health issues.
Hong Kong Businessman Richard Li and China Unicom Make $1.9 Billion Offer for PCCW Ltd
With the purpose of wanting to take the largest fixed-line operator in Hong Kong private, Richard Li and China Unicom have made a $1.9 billion offer to gain control of the entire company.
At this time there shareholders own 52 percent of PCCW Ltd, and if 10 percent or over of shares reject the offer, the deal won't go through.
The offering price of HK$4.20 ($0.54) is a 53 percent premium over the last day the shares traded on October 14 at HK$2.75. Trading has been suspended on the company since then.
At this time there shareholders own 52 percent of PCCW Ltd, and if 10 percent or over of shares reject the offer, the deal won't go through.
The offering price of HK$4.20 ($0.54) is a 53 percent premium over the last day the shares traded on October 14 at HK$2.75. Trading has been suspended on the company since then.
Wednesday, November 5, 2008
India Making 2 Million Tons of Wheat Available for Export
A bumper crop of wheat in India is making 2 million tons of wheat available to export to some of its close neighbors. This could put downward pressure on wheat around the world, as exports in the U.S. have dropped by 40 percent over the week before.
This is quite a turn around for India, as in 2006 and 2007 the country had to import wheat because of domestic needs and poor crop results which drove up prices.
India's wheat crop could grow above 78.5 million tons to attain a new record.
Wheat production around the world is projected to grow by 12 percent by June 30 to a record 683 million metric tons, or 25.1 billion bushels.
This is quite a turn around for India, as in 2006 and 2007 the country had to import wheat because of domestic needs and poor crop results which drove up prices.
India's wheat crop could grow above 78.5 million tons to attain a new record.
Wheat production around the world is projected to grow by 12 percent by June 30 to a record 683 million metric tons, or 25.1 billion bushels.
MSD Pharmaceuticals Hiring 1,500 People in India Over Next 2 Years
Merck & Co. (MRK) subsidiary MSD Pharmaceuticals says it'll be expanding its workforce in India by 1,500 people over the next two years, specifically targeting sales and marketing positions.
“We will be doubling our staff strength in India in next two years as part of our plans to consolidate our marketing network in the country which will further help us achieve our aim of listing among first five pharma companies by 2015,'' MSD Pharmaceuti cals Managing Director, Mr Naveen A Rao said.
Rao added that there will soon be vaccines for rotavirus, hepatitis-A, and Chickenpox available soon from the company. Longer term goals are to focus on providing better medicine for asthma, dyspledemia and heart-related diseases.
The company has a goal of introducing new medicine and vaccines into the Indian market every 6 months.
MSD Pharmaceuticals wants to be a major player in India by 2015. They currently employ about 700 people.
“We will be doubling our staff strength in India in next two years as part of our plans to consolidate our marketing network in the country which will further help us achieve our aim of listing among first five pharma companies by 2015,'' MSD Pharmaceuti cals Managing Director, Mr Naveen A Rao said.
Rao added that there will soon be vaccines for rotavirus, hepatitis-A, and Chickenpox available soon from the company. Longer term goals are to focus on providing better medicine for asthma, dyspledemia and heart-related diseases.
The company has a goal of introducing new medicine and vaccines into the Indian market every 6 months.
MSD Pharmaceuticals wants to be a major player in India by 2015. They currently employ about 700 people.
Tuesday, November 4, 2008
Sugar Production in India Could Drop by 25% this Season
With uncertainty over the commencement of crushing by sugar mills of Uttar Pradesh, farmers there have started supplying high-recovery sugarcane to jaggery units. This has posed a threat to the country’s sugar output which is expected to fall over 25 per cent this season as a result of the lower coverage.
Sugarcane is a commodity which cannot be left unprocessed for long after harvest as it gradually loses its sucrose (sweetener) content. Therefore, farmers of early sugarcane crop supply their produce to jaggery units and divert the land for wheat.
“Any further delay in cane harvesting may hit wheat sowing. Hence, it is important to vacate the land for another remunerative crop and not just to wait till cane procurement prices are determined for sugar mills,” said a local farmer.
Generally, cane with less than 9 per cent of recovery is supplied to jaggery units as cane with low sugar content is unviable for sugar mills.
But, as mills are awaiting Supreme Court directive on cane prices, they are holding back on procurement of cane as well leaving no option for farmers but to supply to the jaggery processing units.
Uttar Pradesh raised the state advised price (SAP) — the price at which mills procure cane from farmers — to Rs 140 per tonne for the 2008-09 season, from Rs 125 per tonne during the previous year.
Sugar mills resisted the price hike arguing that the crushing of cane would not be viable at such high cane prices. The matter is presently pending with the Supreme Court and Allahabad High Court.
Largely dominated by unorganized players, the number of jaggery processing units fell 40 per cent this year because of the pre-season fear over supply of cane. But, since supply has risen phenomenally, the existing jaggery units are operating over their capacity.
Deepak Shah, Partner of Nagindas Harlal, a Vashi-based jaggery trader said, “Jaggery units are the ultimate beneficiary of the huge financial strains faced by sugar mills. Hence, farmers’ preference for cane supply to jaggery units is justifiable.”
While comparing the payment system, Shah said farmers receive the full payment from jaggery producers at a promised time soon after selling the cane while sugar mills stretch the payment for up to two years.
Nothing unusual Is happening on Tuesday as the glut in the pre-season cane supply to jaggery units is a normal phenomenon, said Arun Khandelwal, president of Muzaffarnagar—based Federation of Gur Traders. Even 5-10 per cent higher estimated output at 1 crore tonnes this year, jaggery price is presently quoted 67 per cent higher, between Rs 600-650 per bag (40 kgs each), as compared to Rs 360—400 per bag around same time last year.
Source: Business Standard
Sugarcane is a commodity which cannot be left unprocessed for long after harvest as it gradually loses its sucrose (sweetener) content. Therefore, farmers of early sugarcane crop supply their produce to jaggery units and divert the land for wheat.
“Any further delay in cane harvesting may hit wheat sowing. Hence, it is important to vacate the land for another remunerative crop and not just to wait till cane procurement prices are determined for sugar mills,” said a local farmer.
Generally, cane with less than 9 per cent of recovery is supplied to jaggery units as cane with low sugar content is unviable for sugar mills.
But, as mills are awaiting Supreme Court directive on cane prices, they are holding back on procurement of cane as well leaving no option for farmers but to supply to the jaggery processing units.
Uttar Pradesh raised the state advised price (SAP) — the price at which mills procure cane from farmers — to Rs 140 per tonne for the 2008-09 season, from Rs 125 per tonne during the previous year.
Sugar mills resisted the price hike arguing that the crushing of cane would not be viable at such high cane prices. The matter is presently pending with the Supreme Court and Allahabad High Court.
Largely dominated by unorganized players, the number of jaggery processing units fell 40 per cent this year because of the pre-season fear over supply of cane. But, since supply has risen phenomenally, the existing jaggery units are operating over their capacity.
Deepak Shah, Partner of Nagindas Harlal, a Vashi-based jaggery trader said, “Jaggery units are the ultimate beneficiary of the huge financial strains faced by sugar mills. Hence, farmers’ preference for cane supply to jaggery units is justifiable.”
While comparing the payment system, Shah said farmers receive the full payment from jaggery producers at a promised time soon after selling the cane while sugar mills stretch the payment for up to two years.
Nothing unusual Is happening on Tuesday as the glut in the pre-season cane supply to jaggery units is a normal phenomenon, said Arun Khandelwal, president of Muzaffarnagar—based Federation of Gur Traders. Even 5-10 per cent higher estimated output at 1 crore tonnes this year, jaggery price is presently quoted 67 per cent higher, between Rs 600-650 per bag (40 kgs each), as compared to Rs 360—400 per bag around same time last year.
Source: Business Standard
Monday, November 3, 2008
How is India Faring Among the BRIC Countries?
For now at least, it looks like India will outperform other BRIC countries, primarily because it relies less on imports than the rest, although Brazil is strong in that sense too.
Russia has of course been pummeled by the worldwide economic conditions, as its markets have lost 65 percent of their equity since July. China and Brazil or close, with China losing 40 percent and Brazil 38 percent of market value. Brazil has been hit hard because of their reliance on commodities.
India on the other hand, has only dropped by 27 percent since July, a testament to their focus on domestic consumption rather than exports.
"India imports about 85% of its oil requirements and hence, the drop in prices augurs well for the trade and current account deficits. On the other hand, we are one of the few economies driven by domestic consumption and investment , unlike other regional economies which are dependent on exports. This makes us relatively insulated to global slowdown," Sukumar Rajah, chief investment officer (Equity) of Franklin Templeton Investments India said.
Another key factor in retaining a fairly strong position in a difficult climate has been the fall in commodity and energy prices, which has eased inflation in the country. Earnings have also been stronger the expected, so a more positive attitude has been maintained in spite of the challenges.
India is hoping investors and financial institutions will take note of this, and they will have an interest in continuing to invest in the country.
The downside of course is when demand from emerging markets surges again, and prices of commodities go up, making the more insular business climate of India not as robust as its competitors. But for now, as far as BRIC countries and a number of their Asian neighbors, India has a much stronger economic position to work with.
Russia has of course been pummeled by the worldwide economic conditions, as its markets have lost 65 percent of their equity since July. China and Brazil or close, with China losing 40 percent and Brazil 38 percent of market value. Brazil has been hit hard because of their reliance on commodities.
India on the other hand, has only dropped by 27 percent since July, a testament to their focus on domestic consumption rather than exports.
"India imports about 85% of its oil requirements and hence, the drop in prices augurs well for the trade and current account deficits. On the other hand, we are one of the few economies driven by domestic consumption and investment , unlike other regional economies which are dependent on exports. This makes us relatively insulated to global slowdown," Sukumar Rajah, chief investment officer (Equity) of Franklin Templeton Investments India said.
Another key factor in retaining a fairly strong position in a difficult climate has been the fall in commodity and energy prices, which has eased inflation in the country. Earnings have also been stronger the expected, so a more positive attitude has been maintained in spite of the challenges.
India is hoping investors and financial institutions will take note of this, and they will have an interest in continuing to invest in the country.
The downside of course is when demand from emerging markets surges again, and prices of commodities go up, making the more insular business climate of India not as robust as its competitors. But for now, as far as BRIC countries and a number of their Asian neighbors, India has a much stronger economic position to work with.
Wednesday, October 29, 2008
Global study of small businesses reveals growing demand for software as a service.
REDMOND, Wash., Oct. 29 /PRNewswire-FirstCall/ -- Microsoft Corp. today launched the results of a global study looking at how small businesses use and manage their IT, as well as their attitudes toward hosted IT services. The research highlighted that many small businesses struggle to compete with big businesses and are unsure of how to get access to higher-quality IT services that could help them. Government support is often widely used and well-received, but in some cases, it is thought to be too limited. Small businesses face numerous challenges with IT but are also seeing the benefits that mobile working and social networking can bring.
Despite global concerns about an economic slowdown, most small businesses reported that they had performed well in the past year. Globally, 39 percent of businesses had grown, while 36 percent had remained steady in the past year. Hosted IT solutions appear to offer some of the answers raised by the small businesses surveyed. Not only does buying software on a subscription basis reduce the reliance on IT skills and offer enterprise-class security protection, but it enables businesses to focus on other business priorities.
The research also highlighted that some emerging markets are outpacing western countries in terms of new technology adoption. About 87 percent of Russian small businesses surveyed have branded company e-mail, while 63 percent have a customer database and an above-average 24 percent use mobile e-mail. Similarly, Russian small businesses are the most likely to have IT (97 percent), while fewer (91 percent) U.S. small businesses used IT.
Meanwhile, 67 percent of Chinese small businesses use social networking applications to talk to existing customers and 57 percent use them to promote their business. That compares with just 26 percent and 24 percent, respectively, of small businesses in the U.K. -- typically seen as a mature market -- that use social networking to talk to existing customers or promote their business. The research also found that 65 percent of the small businesses surveyed would consider buying IT services on a subscription basis, such as hosted e-mail, shared calendaring and other applications.
"Despite their varying businesses and greatly differing needs, many small businesses are becoming increasingly dependent on information technology and the Internet for networking, communications and sales. As they become more Web-savvy, we're seeing that small businesses are starting to seriously consider hosted services to meet some of their IT needs," said John Zanni, general manager, Software + Services Industry team, for the Communications Sector at Microsoft. "At this time of economic uncertainty, the benefits of buying IT services on a subscription basis become ever more apparent."
The research, which surveyed small businesses' attitudes on a range of areas, also found that many have "IT envy" for the resources of larger businesses. A vast majority -- 79 percent -- think that larger businesses gain significant advantage from having access to better IT resources. Despite this, 37 percent still use Web mail, such as Hotmail, Gmail or Yahoo! services, rather than business e-mail services such as Microsoft Hosted Exchange.
Meanwhile, small businesses' main priority -- managing relationships and customer service -- was found to be highly dependent on IT, because 89 percent of firms also agreed that professional communications are important to their business.
Other findings from the research indicated that small businesses desire more developed capabilities for security and mobile services, with 56 percent of small businesses indicating they would prefer to have more protection from viruses and spam. Meanwhile, 44 percent of small businesses believe they would benefit from mobile e-mail and shared calendar functionalities.
"Today, using hosted software and services is an efficient way of getting high-quality and professional communications services at a predictable cost without the need for upfront investments or time-consuming implementations or maintenance. As businesses can pay on a per-user, per-month basis, they can greatly reduce the cost, while still gaining enterprise-grade professional communications services such as mobile e-mail," said Michael Korbacher, director, EMEA Web and Application Hosting, for the Communications Sector at Microsoft. "Microsoft envisions a world of software plus services that consists of a broad blend of traditional applications and services available over the Internet. As small businesses become more and more Internet-literate, the case for using software online will drive strong demand for service providers."
Key findings from the research include the following:
-- Half of the small organizations were found to receive some kind of information or support from public services or government bodies. The exceptions were Russia, where the figure is 32 percent; Italy, where it is 39 percent; and Japan, where the figure is 40 percent.
-- Overall, 61 percent of respondents said that professional-looking communications were either "critical" or "very important." Swedish, Russian and Australian small businesses are especially keen to promote the professional image, while Japanese and Chinese small businesses thought it a lower priority.
-- While only 15 percent of respondents noted "IT issues" as one of their top three time-consuming activities, in certain countries this task was seen as much more time-consuming -- for example, in Sweden and Canada.
-- Sweden was seen to be at the vanguard of IT utilization among respondent countries, with above-average adoption of technologies such as mobile e-mail, company-branded e-mail, customer databases and e-commerce Web sites. The U.K. and Russia also scored highly, with China and France showing less adoption of technologies.
-- The U.S. and France are the countries where small businesses are most likely not to have any IT, both at 9 percent. Only 3 percent of Russian small businesses have no IT.
-- Most of the time, IT support is provided by either the respondent or by someone within the organization, either a professional or an amateur. Occasionally, small companies will recognize that they need to invest in professional IT support; as suggested earlier, this is particularly so in Australia, where 34 percent of respondents used an external IT service and support company.
-- The local or national retailer of IT support is very important in this context, as is the online merchant. Around 89 percent of the respondent organizations use one of these three sources. While the British and French respondents use online more than most, Australian and Japanese organizations seem to prefer the local IT provider.
-- Overall, 65 percent of respondents said either "yes" or "maybe" when asked if they would consider using a hosting service.
-- About 47 percent of small businesses in total said their business would be better if they had more IT resources. Russian (72 percent) and Chinese (83 percent) small businesses felt most strongly about this, suggesting that small businesses in those countries felt IT provided a competitive enablement and advantage.
-- About 58 percent of small businesses revealed they use IT skills in-house, while 63 percent (in another question) said they believed larger enterprises with more IT resources gain a competitive advantage. Swedish small businesses were most likely (23 percent) to employ an IT specialist, while many Canadian (20 percent) small businesses also employed an IT specialist. About 34 percent of Australian small businesses used outside IT services and support, much more than any other country.
About the Research
The research report "Microsoft Global Small Business Index, October 2008" was executed by Vanson Bourne Ltd. between May and July in 2008. The research questioned more than 1,300 small businesses, including at least 100 in Australia, Canada, China, France, Germany, Italy, Japan, Sweden and Russia, plus 200 in the U.K. and the U.S. A copy of the full research report is available through mscsemea@webershandwick.com.
About Microsoft
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
SOURCE Microsoft Corp.
Despite global concerns about an economic slowdown, most small businesses reported that they had performed well in the past year. Globally, 39 percent of businesses had grown, while 36 percent had remained steady in the past year. Hosted IT solutions appear to offer some of the answers raised by the small businesses surveyed. Not only does buying software on a subscription basis reduce the reliance on IT skills and offer enterprise-class security protection, but it enables businesses to focus on other business priorities.
The research also highlighted that some emerging markets are outpacing western countries in terms of new technology adoption. About 87 percent of Russian small businesses surveyed have branded company e-mail, while 63 percent have a customer database and an above-average 24 percent use mobile e-mail. Similarly, Russian small businesses are the most likely to have IT (97 percent), while fewer (91 percent) U.S. small businesses used IT.
Meanwhile, 67 percent of Chinese small businesses use social networking applications to talk to existing customers and 57 percent use them to promote their business. That compares with just 26 percent and 24 percent, respectively, of small businesses in the U.K. -- typically seen as a mature market -- that use social networking to talk to existing customers or promote their business. The research also found that 65 percent of the small businesses surveyed would consider buying IT services on a subscription basis, such as hosted e-mail, shared calendaring and other applications.
"Despite their varying businesses and greatly differing needs, many small businesses are becoming increasingly dependent on information technology and the Internet for networking, communications and sales. As they become more Web-savvy, we're seeing that small businesses are starting to seriously consider hosted services to meet some of their IT needs," said John Zanni, general manager, Software + Services Industry team, for the Communications Sector at Microsoft. "At this time of economic uncertainty, the benefits of buying IT services on a subscription basis become ever more apparent."
The research, which surveyed small businesses' attitudes on a range of areas, also found that many have "IT envy" for the resources of larger businesses. A vast majority -- 79 percent -- think that larger businesses gain significant advantage from having access to better IT resources. Despite this, 37 percent still use Web mail, such as Hotmail, Gmail or Yahoo! services, rather than business e-mail services such as Microsoft Hosted Exchange.
Meanwhile, small businesses' main priority -- managing relationships and customer service -- was found to be highly dependent on IT, because 89 percent of firms also agreed that professional communications are important to their business.
Other findings from the research indicated that small businesses desire more developed capabilities for security and mobile services, with 56 percent of small businesses indicating they would prefer to have more protection from viruses and spam. Meanwhile, 44 percent of small businesses believe they would benefit from mobile e-mail and shared calendar functionalities.
"Today, using hosted software and services is an efficient way of getting high-quality and professional communications services at a predictable cost without the need for upfront investments or time-consuming implementations or maintenance. As businesses can pay on a per-user, per-month basis, they can greatly reduce the cost, while still gaining enterprise-grade professional communications services such as mobile e-mail," said Michael Korbacher, director, EMEA Web and Application Hosting, for the Communications Sector at Microsoft. "Microsoft envisions a world of software plus services that consists of a broad blend of traditional applications and services available over the Internet. As small businesses become more and more Internet-literate, the case for using software online will drive strong demand for service providers."
Key findings from the research include the following:
-- Half of the small organizations were found to receive some kind of information or support from public services or government bodies. The exceptions were Russia, where the figure is 32 percent; Italy, where it is 39 percent; and Japan, where the figure is 40 percent.
-- Overall, 61 percent of respondents said that professional-looking communications were either "critical" or "very important." Swedish, Russian and Australian small businesses are especially keen to promote the professional image, while Japanese and Chinese small businesses thought it a lower priority.
-- While only 15 percent of respondents noted "IT issues" as one of their top three time-consuming activities, in certain countries this task was seen as much more time-consuming -- for example, in Sweden and Canada.
-- Sweden was seen to be at the vanguard of IT utilization among respondent countries, with above-average adoption of technologies such as mobile e-mail, company-branded e-mail, customer databases and e-commerce Web sites. The U.K. and Russia also scored highly, with China and France showing less adoption of technologies.
-- The U.S. and France are the countries where small businesses are most likely not to have any IT, both at 9 percent. Only 3 percent of Russian small businesses have no IT.
-- Most of the time, IT support is provided by either the respondent or by someone within the organization, either a professional or an amateur. Occasionally, small companies will recognize that they need to invest in professional IT support; as suggested earlier, this is particularly so in Australia, where 34 percent of respondents used an external IT service and support company.
-- The local or national retailer of IT support is very important in this context, as is the online merchant. Around 89 percent of the respondent organizations use one of these three sources. While the British and French respondents use online more than most, Australian and Japanese organizations seem to prefer the local IT provider.
-- Overall, 65 percent of respondents said either "yes" or "maybe" when asked if they would consider using a hosting service.
-- About 47 percent of small businesses in total said their business would be better if they had more IT resources. Russian (72 percent) and Chinese (83 percent) small businesses felt most strongly about this, suggesting that small businesses in those countries felt IT provided a competitive enablement and advantage.
-- About 58 percent of small businesses revealed they use IT skills in-house, while 63 percent (in another question) said they believed larger enterprises with more IT resources gain a competitive advantage. Swedish small businesses were most likely (23 percent) to employ an IT specialist, while many Canadian (20 percent) small businesses also employed an IT specialist. About 34 percent of Australian small businesses used outside IT services and support, much more than any other country.
About the Research
The research report "Microsoft Global Small Business Index, October 2008" was executed by Vanson Bourne Ltd. between May and July in 2008. The research questioned more than 1,300 small businesses, including at least 100 in Australia, Canada, China, France, Germany, Italy, Japan, Sweden and Russia, plus 200 in the U.K. and the U.S. A copy of the full research report is available through mscsemea@webershandwick.com.
About Microsoft
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
SOURCE Microsoft Corp.
Tuesday, October 28, 2008
Russia Issues $1 Billion in Collateral-free Loans to Commercial Banks
Russia injected another $1 billon (27.5 billion rubles) into commercial banks Tuesday, a portion of the 100 billion they they willing to loan.
There was a 9.5 percent cut off rate at the auction which lasted for 5 weeks.
There was a 9.5 percent cut off rate at the auction which lasted for 5 weeks.
India to Open Seattle, Atlanta Consulates in 2009
According to Indian Prime Minister Manmohan Singh there will be two new consulates opened in the U.S. in 2009; one in Seattle and another in Atlanta.
Along with its Washington, D.C. embassy, India has consulates in New York, Chicago and Houston.
All of this is to increase awareness of opportunities to do business in India throughout the U.S.
Along with its Washington, D.C. embassy, India has consulates in New York, Chicago and Houston.
All of this is to increase awareness of opportunities to do business in India throughout the U.S.
Barclays May be Looking to Russian banks for Investment
While it declined to comment, reports are that British bank Barclays may be seeking financing from Russian lenders, although details aren't available on how much is being sought or whether it has been successful.
Recently Barclays has said they're pursuing about $10 billion to meet benchmarks set up by the British government.
Specific Russian banks mentioned in a report from the Wall Street Journal are VTB and Sberbank.
Barclays operates in Russia through their March acquisition of Expobank.
Recently Barclays has said they're pursuing about $10 billion to meet benchmarks set up by the British government.
Specific Russian banks mentioned in a report from the Wall Street Journal are VTB and Sberbank.
Barclays operates in Russia through their March acquisition of Expobank.
Friday, October 24, 2008
Ontario Trade Mission Leaves For China
McGuinty Government Pitches Green Technology To New Markets
TORONTO, Oct. 24 /CNW/ -
NEWS
Premier Dalton McGuinty is leading an Ontario delegation representing innovative companies on a trade mission to China to tap into new markets and bring new investment to Ontario.
Their aim is to create jobs, opportunity and prosperity in Ontario by selling environmental technologies to China. This is in response to China's efforts to reduce pollution by 10 per cent between 2006 and 2010. The trade mission includes nearly 30 delegates from 20 organizations.
The first stop for the Ontario trade mission will be Shanghai. The Ontario delegation will then travel to Nanjing on October 28 and Jinan on October 31.
QUOTES
"We're going to deliver the message that Ontario is open for business, ready to compete and equipped to win. There are great opportunities in China to promote our strengths in environmental technologies and create new partnerships. Now is the time to work together to bring jobs and opportunity to families in Ontario and China," said Premier Dalton McGuinty.
<<
QUICK FACTS
- China is investing $175 billion in environmental protection between 2006 and 2010.
- Premier McGuinty's first trade mission to China took place in November 2005 and included stops in Beijing, Shanghai, Suzhou, Nanjing and Hong Kong.
LEARN MORE
Learn more about Ontario's leadership in environmental technologies.
Read about the Council of the Federation, the Canada China Business Council and their mission to China.
-------------------------------------------------------------------------
ontario.ca/premier-news
Disponible en français
For further information: Premier's Media Office: (416) 314-8975
TORONTO, Oct. 24 /CNW/ -
NEWS
Premier Dalton McGuinty is leading an Ontario delegation representing innovative companies on a trade mission to China to tap into new markets and bring new investment to Ontario.
Their aim is to create jobs, opportunity and prosperity in Ontario by selling environmental technologies to China. This is in response to China's efforts to reduce pollution by 10 per cent between 2006 and 2010. The trade mission includes nearly 30 delegates from 20 organizations.
The first stop for the Ontario trade mission will be Shanghai. The Ontario delegation will then travel to Nanjing on October 28 and Jinan on October 31.
QUOTES
"We're going to deliver the message that Ontario is open for business, ready to compete and equipped to win. There are great opportunities in China to promote our strengths in environmental technologies and create new partnerships. Now is the time to work together to bring jobs and opportunity to families in Ontario and China," said Premier Dalton McGuinty.
<<
QUICK FACTS
- China is investing $175 billion in environmental protection between 2006 and 2010.
- Premier McGuinty's first trade mission to China took place in November 2005 and included stops in Beijing, Shanghai, Suzhou, Nanjing and Hong Kong.
LEARN MORE
Learn more about Ontario's leadership in environmental technologies.
Read about the Council of the Federation, the Canada China Business Council and their mission to China.
-------------------------------------------------------------------------
ontario.ca/premier-news
Disponible en français
For further information: Premier's Media Office: (416) 314-8975
Thursday, October 23, 2008
Potash Corp. Expects to do Strong Business in China and India in 2009
Canadian-based Potash Corp. (POT.TO) CEO Bill Doyle said on a conference call that he expects the company to do solid business in China and India in 2009.
Business in the U.S. on the other hand will be slow for about four to six months until the spring planting seasons starts, said the CEO of the world's largest fertilizer company.
Boyle added that demand for corn fertilizer should outpace supply in the years to come. The major variable is whether corn prices can stay above $4 a bushel. Other than that, things are looking good for the company. At this time for the 2009 corn crop it stands at $4.30 a bushel.
According to Doyle, he also thinks some of his competitors may unexpectedly find themselves in highly leveraged positions, which would give them a chance to look into mergers & acquisitions with them.
The company has been exploding in growth the last couple years, as in the third quarter alone it has outperformed last year's record-breaking totals.
Surprisingly the company has suffered a huge decline in stock in relationship to funds selling off their stakes in order to get more liquid, as well as concerns commodities will be down for some time. The funds are wrong on the commodity long-term outlook, but they're in a forced liquidation stage and it will take some time before they have the funds to invest in commodity-related companies.
For China and India it confirms that while growth is slowing there, the shear size and needs of the countries will keep them growth markets for years to come.
Business in the U.S. on the other hand will be slow for about four to six months until the spring planting seasons starts, said the CEO of the world's largest fertilizer company.
Boyle added that demand for corn fertilizer should outpace supply in the years to come. The major variable is whether corn prices can stay above $4 a bushel. Other than that, things are looking good for the company. At this time for the 2009 corn crop it stands at $4.30 a bushel.
According to Doyle, he also thinks some of his competitors may unexpectedly find themselves in highly leveraged positions, which would give them a chance to look into mergers & acquisitions with them.
The company has been exploding in growth the last couple years, as in the third quarter alone it has outperformed last year's record-breaking totals.
Surprisingly the company has suffered a huge decline in stock in relationship to funds selling off their stakes in order to get more liquid, as well as concerns commodities will be down for some time. The funds are wrong on the commodity long-term outlook, but they're in a forced liquidation stage and it will take some time before they have the funds to invest in commodity-related companies.
For China and India it confirms that while growth is slowing there, the shear size and needs of the countries will keep them growth markets for years to come.
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I respect your privacy and I am committed to safeguarding your privacy while online at this site brazilrussiaindiachinamarkets.blogspot.com. The following discloses how I gather and disseminate information for this Blog.
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If a user wishes to subscribe to my RSS Feeds or Email Updates (powered by Feedburner), I ask for contact information such as name and email address. Users may opt-out of these communications at any time. Your personal information will never be sold or given to a third party.
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Like most blogging platforms I use log files, in my case Statcounter. This stores information such as internet protocol (IP) addresses, browser type, internet service provider (ISP), referring, exit and visited pages, platform used, date/time stamp, track user’s movement in the whole, and gather broad demographic information for aggregate use. IP addresses etc. are not linked to personally identifiable information.
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Wednesday, October 22, 2008
Research and Markets: Examine and Improve Your Understanding of Chinese Trade Associations & Events in China with this Essential Report
DUBLIN, Ireland, Oct 22, 2008 (BUSINESS WIRE) -- Research and Markets has announced the addition of the "Trade Associations & Events in China" report to their offering.
China will soon become the largest market in Asia for business and professional events. As elsewhere in the world, trade associations play an important role in the Chinese events industry, but, as with other aspects of business in China, they do not always work in the same way as in other countries and this is not necessarily well understood by those trying to do business there.
In this report, BSG has undertaken new research in an effort to answer the following key questions:
- Who are the key associations in China organising exhibitions, congresses and conferences?
- What role does the government play in most associations in China?
- How do Chinese trade associations generate revenues?
- What criteria do the associations use when selecting the city and venue for an event?
The report also draws on BSG's proprietary database of major exhibitions in China which has been built up since the company's formation in 2000.
For this report, BSG conducted interviews with major trade associations, exhibition organisers and relevant government officials. In addition, BSG leveraged our comprehensive database of business events in China to identify the key trade associations and exhibitions.
In the 1980's, trade associations in China used to be virtually indistinguishable from the government. The relationship has evolved significantly since then. Most trade associations no longer receive direct financial subsidies, but they do receive other forms of government support and key management positions at associations tend to be held by ex-government officials.
Key sources of revenue are fees from members and event organisation. BSG estimates that membership fees account for 70%-80% of trade association revenues and event-related revenues account for 10%-20%. The trade associations play a role in organising forums, seminars, conferences and large-scale exhibitions. They are either given a percentage of revenues or fixed fees.
The involvement of the association can range from lending their name to an event to actively promoting the event to their membership and taking responsibility for organisational tasks. Event organisers that work with trade associations in China most value the association's close relationship with relevant government authorities and their membership database.
Although the government in China is now less directly financially responsible for trade associations, it still maintains a strong interest in controlling associations as a whole. Additionally, the market in China views trade associations as a bridge between enterprises and the government that often communicates and even assists to implement the government's policies.
Most events organised by Chinese trade associations currently are still held in the Chinese mainland. However, the rapid development of Macau, modelled on Las Vegas, may alter China's events market in the coming years. Currently, Macau remains somewhat of an unknown amongst associations. Many view it as an immature location for events, but most have not yet been there.
The associations interviewed listed the following factors that affect their decision as they select the location of an event:
- Location of the city relative to the manufacturing base for the event
- Opinion of the government authorities - who often affect a decision by providing incentives or even paying the full cost of the event
- Venue quality and available support services
- Quality of local infrastructure to support the event
This report also contains five sections of tables and figures outlining the following data:
- A list of the top 80 trade associations in China including events they support, membership figures and number of offices
- A list of the top associations ranked by their involvement in the top 50 events in China
- A detailed table outlining the top exhibitions in China and the trade associations that support those events
- A directory of the top trade associations in China including contact details (website, email, telephone number) when available
- A list profiling the top exhibitions in China
Key Topics Covered:
EXECUTIVE SUMMARY
INTRODUCTION
HISTORICAL BACKGROUND
KEY INSIGHTS FROM INTERVIEWS WITH ASSOCIATIONS
PROFILE OF ASSOCIATIONS AND RELATED EVENTS
TYPES OF ACTIVITIES
SOURCES OF REVENUE
RELATIONSHIP WITH GOVERNMENT
VENUE AND LOCATION SELECTION OF EVENTS
TABLES OF KEY ASSOCIATIONS AND EXHIBITIONS
Tables
TABLE 1: TOP TRADE ASSOCIATIONS IN CHINA, EVENTS ORGANISED, MEMBERSHIP AND NUMBER OF OFFICE
TABLE 2: ASSOCIATIONS RANKED BY INVOLVEMENT IN TOP 50 EXHIBITIONS IN CHINA
TABLE 3: TOP EXHIBITIONS IN CHINA AND SUPPORTING TRADE ASSOCIATIONS
TABLE 4: CONTACT DETAILS OF TOP TRADE ASSOCIATIONS IN CHINA
For more information visit Research and Markets
SOURCE: Research and Markets Ltd.
Research and Markets
Laura Wood, Senior Manager
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
press@researchandmarkets.com
Copyright Business Wire 2008
Friday, October 17, 2008
IBM CFO Mark Loughridge: Sales in Brazil, Russia, India and China to Continue Growing
In a recent interview, International Business Machines (IBM) Chief Financial Officer Mark Loughridge said he expects that sales in emerging markets like Brazil, Russia, India and China (BRIC) will continue to grow at a healthy pace for a minimum of six months, even with the current economic conditions.
IBM, along with a number of companies and sectors has had the majority of company growth happen in the BRIC countries over the last several years, and they will continue to outperform sales in Western Europe and the United States for the foreseeable future.
This should be true as much of the global slowdown in growth shouldn't have too much of an impact on companies working with the infrastructure of emerging markets as IBM is. IBM is helping BRIC economies to modernize their banking, transportation and telecommunications systems, which have been the underpinning of company sales growth.
"If we look at the headlights, we have our strongest headlights extending about six months into the future. We see very strong opportunities here," Loughridge said. "There are big opportunities for the roll-out of these infrastructure projects."
While sales in China and other Asian countries was a decent 6 percent, Russia especially shined for IBM sales, with revenue increasng by 51 percent for the quarter ending September 30. Also enjoying solid growth was India sales, coming in at 28 percent sales increase, and Brazil, which was right behind them with 24 percent sales growth for IBM in the 3rd quarter.
Loughridge said China sales would have been better, but the Olympics temporarily slowed things down. Next quarter, expectations are China sales will significantly rebound for the company.
IBM, along with a number of companies and sectors has had the majority of company growth happen in the BRIC countries over the last several years, and they will continue to outperform sales in Western Europe and the United States for the foreseeable future.
This should be true as much of the global slowdown in growth shouldn't have too much of an impact on companies working with the infrastructure of emerging markets as IBM is. IBM is helping BRIC economies to modernize their banking, transportation and telecommunications systems, which have been the underpinning of company sales growth.
"If we look at the headlights, we have our strongest headlights extending about six months into the future. We see very strong opportunities here," Loughridge said. "There are big opportunities for the roll-out of these infrastructure projects."
While sales in China and other Asian countries was a decent 6 percent, Russia especially shined for IBM sales, with revenue increasng by 51 percent for the quarter ending September 30. Also enjoying solid growth was India sales, coming in at 28 percent sales increase, and Brazil, which was right behind them with 24 percent sales growth for IBM in the 3rd quarter.
Loughridge said China sales would have been better, but the Olympics temporarily slowed things down. Next quarter, expectations are China sales will significantly rebound for the company.
Tuesday, October 14, 2008
Starting a Successful Business in the Challenging and Rewarding BRIC Countries
In the beginning of the launch of the BRIC blog network, which deals primarily with doing business in Brazil, Russia, India and China, we've started things off with the obvious: How to start a business in each country, and what the practical steps, time and money needed to get things up and running.
So depending on the country you're interested in, here's the articles and links to starting a business in these tremendous emerging markets.
Starting Business in Brazil
Starting a Business in Russia
Starting a Business in India
Starting a Business in China
a
So depending on the country you're interested in, here's the articles and links to starting a business in these tremendous emerging markets.
Starting Business in Brazil
Starting a Business in Russia
Starting a Business in India
Starting a Business in China
a
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