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“When the government stops putting money in, you are going to have a cascade of bankruptcies, both commercial and consumer.” Bankruptcy attorney Gregory Wade shares his expertise in Bisnow. Read the full article below:
U.S. retailers and restaurants are finally starting to welcome customers again around the U.S., ending months of little to no income. But the future may still be grim and experts believe some may immediately call it quits after seeing the reality of operating in the wake of the coronavirus pandemic.
“As the consumer comes back, it’s not like turning on and off a light switch,” Coresight Managing Director of Luxury and Fashion Marie Driscoll said.
“It is going to be gradual and depending on how gradual it is and how safe consumers feel going back to the stores that is going to influence the productivity of the stores and whether or not there are more store closings and … bankruptcies.”
This year has already been rough for retailers: Coresight Research reports 15 major U.S. retail bankruptcies in the first five months of 2020, including JCPenney, Pier 1 Imports, Neiman Marcus, True Religion Apparel, J. Crew and Papyrus.
Coresight has tracked 4,005 store closures so far this year and is projecting 20,000 to 25,000 total will shutter in 2020.
Experts in the bankruptcy space expect an even bigger surge of Chapter 11 or Chapter 7 bankruptcy filings by the third quarter.
Veteran bankruptcy attorney Gregory Wade with the law firm of Friedman, Grimes, Meinken & Leischner PLLC said the third quarter may be when the impact of the coronavirus pandemic is fully understood, particularly with so many businesses and individuals staying afloat right now on government Paycheck Protection Program loans and unemployment.
“Right now, we have never had this before because the government through its economic incentives is literally propping up the [companies],” Wade said. “It’s almost as if what the federal government did was it took its own notion of a Chapter 11 and said, ‘OK, we are going to prop up the economy for a few months and see what happens,’ but when this stops, it could be a bloodbath.”
That bloodbath has the potential to clog up the bankruptcy courts for months on end.
“I think it’s going to come in a rush,” Wade said. “You have all of these problems that are building up, and when the government stops putting that money in, you are going to have a cascade of bankruptcies, both commercial and consumer.”
Even as retailers open to the public, they face financial struggles. In Coresight Research’s May 27 consumer survey,half of consumers who reported changes in their post-pandemic spending habits believe it will take five to six months before retail buying habits return to normal.
“I am sort of baffled that we haven’t felt more stress [on restaurants and retail] yet,” said bankruptcy attorney Megan Murray, founder of Tampa-based law firm Underwood Murray P.A.
Murray has seen an increase in bankruptcy filings from both restaurants and stores — dining facilities are taking as much of a hit as goods retailers even though they remained viable parts of the experiential retail economy before the pandemic. Restaurants are low-margin businesses and stalled traffic has taken its toll on restaurant revenue, resulting in restaurant chains like the parent company of Brio Tuscan Grill filing for bankruptcy reorganization.
Retailers and restaurants are having to make hard decisions about whether they need to file for Chapter 11 or Chapter 7 to salvage their businesses through a bankruptcy reorganization or to just escape the financial squeeze altogether by liquidating locations and assets.
“I definitely have seen an increase [in filings],” Murray said. “We have a few big ones here in Florida. I have seen other ones across the country.”
For some of these retailers and restaurants, bankruptcy is not about a long-standing financial battle against Amazon and e-commerce, but rather a strategy to keep the lights on during a temporary downturn.
“I think it’s being used in the traditional ‘I need breathing room, and I need to figure out how I am going to come out of this as a living, breathing company,’” Murray said.
Thus far, landlords and lenders have largely given that kind of breathing room for the last three months outside of the bankruptcy process. But Stark & Stark bankruptcy attorney Joseph Lemkin said bankruptcies will accelerate if landlords and creditors reach a point where they no longer can justify forbearances and other savings mechanisms for retail tenants who cannot pay the rent.
“There will be more [bankruptcies] because I think a lot of what was happening is in certain areas, the landlords have held off on being aggressive,” Lemkin said.
It’s not all grim news for retailers, however. Many are surprised when they do reopen to find that productivity levels are better than expected, although not yet at pre-crisis levels, Driscoll with Coresight said. The Chapter 11 option also gives retailers the flexibility to rebuild their brands and escape expensive liabilities.
“Bankruptcies can give a retailer wiggle room in terms of exiting leases that they otherwise would not be able to contractually and it allows them to restructure their debt,” Driscoll said.
She said back-to-school and holiday sales will be major tests for retailers this year since many retailers use these periods to determine if it’s time to file for bankruptcy in the coming year.
For some, there’s a risk the effects of the pandemic could prevent them from surviving until the holiday shopping season.
“As your vendors see how tenuous your business is, a lot of vendors won’t ship to [those] retailers, and they [can] actually push the retailer into bankruptcy. These are totally unprecedented times,” Driscoll said.
Murray thinks even those companies that survive 2020 without going bankrupt will not look the same.
“I think once the PPP money runs out and some restaurants and retailers make a pivot and decide they are going to change their structure for good, they are not going to open in the same ways,” she said. “I think we are going to have some real lasting effects. We may not be feeling anything yet.”
About the Author
Gregory M. Wade was born in Washington, D.C. and raised in Northern Virginia. Since 1977 Mr. Wade has been engaged in the private practice of law in Northern Virginia and has been an active leader in the Bar and in the community.


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Are you spending too much of your food budget on junk food like the rest of Australia?
According to new research Australian households are spending majority of food budget on junk food.
These figures show Aussies spend 58% of their food budget on junk food, with 14% on take-away food, and 4% on sweetened drinks.
Professor Amanda Lee presented her research at the Dieticians Association of Australia’s National Conference in Hobart last week.
Professor Lee’s data shows healthy diets are more affordable than unhealthy diets, costing households 15 per cent less.
The Australian Health Survey data shows few Australians consume diets consistent with national recommendations.
Professor Lee said, “Less than four per cent of Australians eat adequate quantities of healthy foods, yet more than 35 per cent of energy intakes comes from discretionary foods and drinks, which provide little nutrition.”
Poor diet is hurting our health and hip pocket.
These figures are particularly worrying as poor diet is the leading preventable cause of ill health in Australia and globally.
It contributes to more than 18 per cent of death in Australia, while obesity costs the nation $58 billion annually.
“At the moment, basic healthy foods like fresh vegetables and fruit are except from the GST, but there’s been talk of extending this to all foods,” said Professor Lee.
Australia needs a coordinated approach to nutrition policy – a call echoed by the Dieticians Associations of Australia, the Public Health Association of Australia, the Heart Foundation and Nutrition Australia.
For further information on how you can learn more about implementing a new National Nutrition Policy, visit Dietician Association of Australia online.

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People Are Forgetting to Apply Sunscreen On a Very Important Part of Their Body
But it's important to protect EVERY part of your body and face.
Getting sunscreen in your eyes is right up there with brain freeze and chopping onions-but you know what's worse? Skin cancer.
People miss about 10 percent of their face when applying sunscreen, most commonly neglecting their eye area, according to new research from the University of Liverpool. This helps explain why 5 to 10 percent of skin cancers occur on the eyelids.
For the study, 57 people applied sunscreen to their faces as they normally would. The researchers then used a UV camera to see which parts of their faces had sunscreen and which parts were missed. On average, people missed about 10 percent of their face, and the eyelids and inner eye corner area were most commonly missed.
Most sunscreen makers warn to avoid the eye area, which means you could follow the bottle's instructions to a T, applying a shot glass amount, and reapplying adequately, and still end up with skin cancer from the sun. The sun is ruthless, so dermatologists commonly suggest relying on multiple forms of sun protection (shade, sunscreen, protective clothing), not just assuming that a high SPF is foolproof. The good news: That means you don't have to start slathering sunscreen on your lids. The Skin Cancer Foundation suggests wearing sunglasses and a hat and avoiding direct sunlight as the best ways to protect your eyes. Choose sunglasses that block UVA and UVB light (oversize frames are a plus).
Thankfully, we seem to be living in an increasingly sun-aware world. Tanning beds are no longer in vogue and CVS quit selling tanning oil. Still, many people don't realize the importance of sunglasses, according to Kevin Hamill, Ph.D., from the University of Liverpool's Department of Eye and Vision Science.
"Most people consider the point of sunglasses is to protect the eyes, specifically corneas, from UV damage, and to make it easier to see in bright sunlight," he said in a press release. "However, they do more than that-they protect the highly cancer-prone eyelid skin as well."
So pat yourself on the back for your daily SPF habit. Just make sure you protect your eyes, too.


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Cardholders can earn up to $1,440 in cash rebate annually.
Bank of China Singapore launched its improved Family Card offering a slew of savings benefits for its users including up to 10% cash rebate on food and movie fees.
Users can also enjoy 5% cash rebate on online purchases, supermarket expenses, hospital and telco bills, according to a press release. Cardholders can earn as much as $1,440 in cash rebate in a year.
"Over the last two years, our Bank of China Family Card spending has tripled, making it one of our most popular cards. We want to reward our cardholders by bringing about bigger and better savings – with up to 10 per cent cash rebate on dining, movies, online purchases, supermarket spend and more, we believe our new Family card will bring great value to cardholders and continue to be well-loved amongst families in Singapore,” said Bank of China Singapore head of card centre Anson Lim.
The improved Family Card is the latest in a series of product and banking innovations, riding on the successes of the BOC Zaobao card and BOC Sheng Siong credit card.
Do you know more about this story? Contact us anonymously through this link.


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SiteMinder has deemed a car-park-turned-hotel-inventory the year’s most ingenious change in conducting hotel business.
SiteMinder partners with top travel industry digital marketers to bring digital marketing to the hands of hoteliers for the first time and allows them to build their own technology stack.
French citizens are now re-embracing travel after a period of disruption.
Hotel bookings in the UK have reached their highest level compared to pre-pandemic times.
A new report by SiteMinder sheds light on an evolved German traveller with significantly more demands and higher expectations of the hotels where they stay.
In spite of ongoing challenges, the pandemic has ignited a renewed passion for travel and fresh experiences among Spaniards that hotels must be ready for.
Spain leads industry recovery ahead of major European markets.
The sometimes more, sometimes less approach of the 530-strong hotel group makes it ready for change at any moment, and the company expects the same of its technology partners.
SiteMinder Multi-Property gives revenue teams critical distribution controls in place of the obsolete features and high costs that typically come with legacy systems.
Never miss a trend.


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UK-based industry authority Seafish named IFFO Technical Director Neil Auchterlonie as the chair of Seafood 2040, a program launched in 2015 to help the seafood industry realize its full potential by 2040.
“COVID-19 has created an unprecedented set of challenges, and Seafood 2040 will have an important role to play in helping the seafood industry in England to find its feet again," Seafish CEO Marcus Coleman said.
Auchterlonie will begin his new role May 1, replacing the program's inaugural chair, Alison Austin.
The program is funded by European Maritime Fisheries Fund (EMFF), as well as supported by the Department for Environment, Food, and Rural Affairs (DEFRA), and UK's seafood industry.
Auchterlonie previously served on the Seafood 2040 industry expert working group, which sets him ahead in his task.
Prior to Seafish, Auchterlonie was technical director for IFFO, the Marine Ingredients Organization. He also served in DEFRA, Cefas and the environment agency, as well as an assistant to industry, governments and NGOs.


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Luxury conglomerate LVMH has acquired a stake in Madhappy, the American direct-to-consumer casualwear brand, via LVMH Luxury Ventures, an investment vehicle with the group that previously bought into Gabriela Hearst.
Houston Rockets sneakers and other merchandise were pulled from several Nike stores in major Chinese cities amid the furor over a tweet from the team’s general manager in support of anti-government protests in Hong Kong.
Smiley has shared further details of its SS20 Ellesse collab with news that the capsule will offer staple styles for men and women “that fuse Ellesse’s sportswear designs with Smiley’s counter-culture heritage.”
With Christmas coming up, retailers need serious funding to get through the period and Debenhams has landed a £50m deal with some of its current lenders on largely the same terms as the £200m it negotiated in the spring.
Barely a day goes by at the moment when we don’t news about resale and Thursday was no different. H&M said that it has increased its investment in ‘re-commerce’ platform Sellpy and is now its majority owner.
N Brown's digital focus and concentration on core brands in the UK seem to be paying off and with labels like Joules, Clavin Klein and Tommy Hilfiger being added to its retail offer, it's upbeat for the future.
Russian internet company Mail.Ru said on Wednesday it had agreed a joint venture with Alipay, the mobile payments arm of Alibaba Group, along with the Russian Direct Investment Fund (RDIF) and two other Russian partners.


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Say hello to Cecilie Bahnsen!
The Danish fashion scene has become a little bit cooler with Cecilie Bahnsen! Graduated from the Royal College of Art and having worked for John Galliano and Erdem, Cecilie has topped her already impressive résumé with the Magazine Danish Design Talent award in the fall of 2016. In addition, Vogue announced her show during fashion week in 2017 as one of the best and most exciting shows and she has already entered an exclusive agreement with Dover Street Market. By the end of February, it was announced that Cecilie had been shortlisted for the prestigious LVMH prize as one of the 21 young fashion designers with a chance to win €300,000 and a year-long mentorship – she is now one of the eight finalists as the first Dane ever. In her own aesthetic design style, Cecilie has designed a black pajamas with detailed ruffles on the sleeves and at the collar. It is the perfect outfit for many occasions – use it for nights out with your friends, at work or even in bed while watching a great movie.


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Trade war affects price of pop, coffee and chocolate
Manufacturers are passing on the cost of aluminum and some luxury goods such as chocolate, to retailers as the result of the U.S.-Canada trade war: Certain items crossing the border will cost ten per cent more.
PepsiCo Beverages Canada advised its retailers at the end of July that it plans to raise prices by roughly a penny per can, in response to the increase in the price for aluminum: Canadians should also be prepared to pay more for products such as chocolate, convenience foods and hygienic/toilet articles.
Other convenience goods such as prepared meals, soups, yogourt, and coffee will be affected by the tariffs.
As of July 1st, 2018 the following goods were hit with 10 per cent tariffs entering Canada:
· Roasted, caffeinated Coffee
· Prepared meals (poultry and beef)
· Maple sugar and maple syrup
· Licorice, candy and toffee
· Chocolate, sweetened and unsweetened, (baking and ready-to-eat)
· Mixed condiments and seasonings
· Soups and broths
· Sweetened water, including mineral water
· Paper products
For the complete list of items that will incur a price hike due to tarrifs, visit the Department of Finance Canada’s website.
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October 22, 2021
Bitcoin Is Taking a Breather – but Some Altcoins Are Having a Great Day
Yesterday we witnessed how fast the crypto markets can move: Minutes after publishing this newsletter, Bitcoin decided to experience an impressive multi-thousand dollar flash crash, sending pain especially to traders who were sitting in leveraged long positions. The cooldown seems to continue into the weekend, with Bitcoin dropping below $62k today.
As we pointed out yesterday: Expect increased volatility now that the crypto markets have entered the second phase of this macro bull market cycle – especially once the mania phase in altcoins starts. Major price rises as we have witnessed in the last weeks will almost always be followed by minor or major pullbacks and shakeouts. But don’t be fooled: The fundamentals and on-chain metrics still point towards a continuation of this bull market – it’s just not a one-way street.
In case you wonder what these brutal price moves like we have seen yesterday and today are good for: They shake out over-leveraged and greedy traders and reset both technical indicators and sentiment to more sustainable levels.
Now that Bitcoin is slowing down after its impressive run, we see Bitcoin dominance decrease (for three days in a row) and select altcoins explode in price again. An emotionally tricky game begins: You miss a pump and ask yourself, which altcoin could be next. On the one hand, you don’t want to risk everything in case of a brutal correction led by BTC, but you also don’t want to miss those juicy gains… Remember: The best entries come during sharp dips in bull markets, not after weeks of positive price action.
There is no right or wrong answer to what’s the perfect approach how to navigate this market. Fundamental-based investing and not chasing green numbers are the biggest cornerstones of keeping your risk-to-reward ratio in check. This implies, however, that you do your work to identify coins BEFORE they attract everyone’s attention with massive pumps.
Because of the rising risk levels in the markets, we will lay out breadcrumbs and showcase positive fundamental developments, but we will NOT give you ready-to-go buy and sell recommendations. If you want more breadcrumbs and timely updates, feel free to follow our research team on Twitter (@DecentraThought & @cryptoolii).
Here is some advice by crypto trader Michaël van de Poppe that summarizes the current outlook and risk situation quite well. You need to have a strategy in place and remain cool-headed!
Thorchain Back with Strength
We have pointed out several times recently that cross-chain trailblazer Thorchain, despite its massive setbacks this summer, has fixed most of its issues and is likely going to come back with strength. Those who had conviction and bought the dip got rewarded now!
Let’s hope that Thorchain’s mission to enable trustless cross-chain swaps (one of the “holy grails” of DeFi) will soon be materialized in its entirety. Then RUNE could likely be one of the strongest performers in the next bullish leg of the market.
Elrond Back in the Spotlight Soon?
It has been rather quiet around Elrond in recent months, with other L1s stealing most of the attention. With an important upcoming catalyst, Elrond might get to enjoy some anticipatory excitement and positive price action in the coming days and weeks.
Price-wise EGLD has been consolidating for quite some time…
Corporations and Banks Don’t Want to Miss out on Crypto
While we’re waiting for the big retail wave to come into the crypto markets (and potentially mark a cycle top), corporations and institutions are clearly “FOMOing” in.
Remember the fake Litecoin-Walmart announcement just a few weeks ago? Well, it seems like the retail giant is getting into crypto after all by installing hundreds of crypto ATMs at its shops.
This year, we have witnessed more and more banks around the world (especially in the US) starting to roll out crypto services to their clients. Those who have been on the sidelines are now asking themselves how to get involved with crypto as well – if not publicly then at least secretly.
Meanwhile, we see FTX breaking historic new ground in crypto marketing by distributing crypto and bringing NFTs to the masses at a live sports event. And FTX is only getting started leveraging its massive sponsorship deals to bring millions of new retail investors to crypto.
The WorldCoin Controversy
A few days ago, a new project started causing debate on Crypto Twitter: WorldCoin. The project has drawn a lot of attention for mainly two reasons: Firstly, it has major backers such as Sam Bankman-Fried, Coinbase, and Andreessen Horowitz. Secondly, it has a VERY unusual distribution mechanism.
In short, what is WorldCoin?
WorldCoin is new, collectively owned global currency that will be distributed fairly to as many people as possible. It runs as a “Layer 2” Ethereum-based cryptocurrency.
Not surprisingly, there is a lot of controversy going on with proponents and critics crossing swords on Crypto Twitter. Feel free to form your own opinion since we have no idea yet how this project will look once fully rolled out. We will keep an eye on it!
Aavegotchi’s First Land Auction Is Coming up
If you’re a follower of the early NFT-project Aavegotchi, exciting times are ahead: In just six days the first land auction for Aavegotchi’s highly anticipated Realm Metaverse is kicking off! If you want to participate in the a(u)ction and earn some GHST (yes, for being outbid you can earn GHST tokens thanks to Aavegotchi’s revolutionary “bid-to-earn” mechanism), you can now start preparing yourself by reading the auction guide which got released today.


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February 26, 2021
Sephora at Kohl’s will launch in fall 2021. Image credit: Sephora
By Luxury Daily News Service
LVMH-owned beauty retailer Sephora has announced it is opening 260 new stores in 2021 and collaborating with Coach for a new makeup collection.
Share your thoughts. Click here


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Singapore has officially hit peak sharing economy.
This is so as people in Singapore are resorting to renting expensive watches to wear that they cannot afford yet or ever.
Subscription club for watches
Called "subscription watch clubs", there are two platforms already in existence here for the past 18 months, according to CNALifestyle.
A third platform, Specter One, is set to launch in October 2018.
What are the economics of watch rental?
A Rolex Submariner retails for upwards of S$11,000.
Using these watch rental platforms, it can be rented for as low as S$6 a day.
Besides the usual designer timepieces, TenTwo is launching four Singapore micro-brands: Arcturus, BOLDR, Reverie and Vilhelm.
They are known as micro-brands because they typically produce less than 500 timepieces per year.
All are startups founded by Singaporeans.
Renting > buying
The founders of Acquired Time and TenTwo believe renting watches is a first step for some before making a hefty purchase of an expensive timepiece that can go for tens of thousands of dollars.
This was their starting point when they founded their respective platforms with the idea that people can rent watches to try before sinking in the money and feeling remorseful afterwards.
Specter One, on the other hand, evolved from a joint business hackathon competition held in January 2017 between Singapore Institute of Management’s Young Entrepreneurship Network and Singapore Management University’s (SMU) Real Business Club.
In December 2017, the idea of renting watches was pitched to SMU’s Institute of Innovation & Entrepreneurship (IIE) Incubator programme.
The institute backed the venture but not before feeling apprehensive about it at first.
The launch will be held on social media this month.
How rental works
All three firms rent the watches via membership subscription.
Members pay a flat monthly fee for six or 12 months.
They can then choose a watch from their chosen tier, wear it for a month, and then return it at the end of 30 days in exchange for a different timepiece.
Acquired Time has four tiers of membership. The lowest Nomad Tier is priced at S$125 a month, while the highest Wayfarer Tier is S$375 a month, for a minimum of six months.
The top tier has watches including the Rolex Daytona, which retails for upwards of S$18,000.
TenTwo has a single tier priced at S$179 per month on a 12-month basis.
Members can access watches such as the Rolex Submariner and Tudor Black Bay, which retails for about S$5,000, and the Cartier Santos, which costs more than S$8,500.
More tiers for Singapore's micro-brands are in the works.
Specter One has not confirmed its membership tiers but will offer an additional tier for those who want to rent for occasions and do not want to commit to a long-term membership subscription.
Damage to or loss of watches
According to Acquired Time, a security deposit for first-time customers is required in order to cover any damages to the rented watches.
This deposit will be through cash or a hold on the customer's credit card, and the customer will not be charged once the watch is returned in good condition.
The signed agreement will also see that customers will be liable for severe damages and loss of the watch, as well as returning the watch in a dissimilar condition from when it was received.
Demographic of subscribers
Currently, most of the members are horology enthusiasts and predominantly male.
Actual number of members have not been disclosed.
The service is looking to go into women's watches next as the market is still untapped.


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Tate & Lyle Sugars hosts international team from Bonsucro at Thames Refinery
We were pleased to host the Bonsucro team for a visit to our Thames Refinery at the end of January. Bonsucro is the leading global sustainability platform and standard for sugarcane. Certification schemes such as Bonsucro are an important component of our sustainable sourcing programme, and being a certified member of Bonsucro is a big step towards our commitment to sustainably source 100% of our raw cane sugar by 2025.
The visit was a useful opportunity to connect with the international staff of Bonsucro and to show the team first hand how raw cane sugar is turned into the wide range of brown and white sugars, as well as syrups and treacles that we produce. For many of the visitors, it was the first cane sugar refinery they had visited.
We were able to show the changes we are making to our own operations to make us more sustainable, such as investments in operational efficiency and renewable energy projects to reduce our carbon emissions, and explain the work we are doing with our suppliers to address sustainability challenges in sugarcane production.
We also shared our experience of the impact of trade policy on the UK sugar sector, and particularly the impact it has on our ability to purchase raw cane sugar from the most sustainable suppliers.
The choice of where we can purchase raw sugar is determined by the UK government’s trade policies, which limit the country and quantity we can purchase and therefore limits the amount of certified sustainable sugar available for us to buy. The UK’s autonomous tariff rate quota (ATQ) for 260,000 tonnes of raw cane sugar has had a welcome impact on our ability to purchase greater quantities of sustainable raw sugar, as has the UK’s trade agreement with Australia, which produces sugar to high environmental and ethical standards. We will continue to work with Bonsucro to understand where certified sugar is available and how we can support raw sugar producers to become certified, on our journey to source 100% of our sugar sustainably by 2025.


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The 3D printed parts, produced on Stratasys FDM 3D Production Systems, were used in place of traditionally manufactured parts to increase supply chain flexibility, enabling Airbus to meet its delivery commitment on-time.
Airbus initiated development and certification of 3D printing with Stratasys in 2013 as a schedule risk reduction activity that proved valuable for the A350 XWB program, according to a company statement.
The parts are 3D printed using ULTEM 9085 resin for FDM, which is certified to an Airbus material specification.
ULTEM 9085 resin provides high strength-to-weight ratio and is flame, smoke and toxicity compliant for aircraft interior applications.
This enables Airbus to manufacture strong, lighter weight parts, while substantially reducing production time and manufacturing costs.
Stratasys executive vice-president, business development, marketing and vertical Solutions, Dan Yalon, said the company was delighted that Stratasys additive manufacturing solutions were being adopted by Airbus for its flagship A350 XWB aircraft.
Read more:Tridant appoints two senior executives
"Both companies share a vision of applying innovative technologies to design and manufacturing to create game-changing benefits." he said.
"Our additive manufacturing solutions can produce complex parts on-demand, ensuring on time delivery while streamlining supply chains.
Yalon said additive manufacturing also greatly improved the buy-to-fly ratio as significantly less material was wasted than with conventional manufacturing methods.
Read more:Fuji Xerox adds to channel team
"Stratasys is looking forward to bringing these and other advantages to its collaboration with Airbus and to being part of Airbus' Factory of the Future initiative."
According to a company statement, leading companies in a variety of industries, from aerospace and automotive to consumer goods and medical, are partnering with Stratasys to adopt additive manufacturing strategies.
Stratasys additive manufacturing enables original and replacement parts to be digitally produced at the best suited locations, reducing both material waste and inventory requirements.
By adopting additive manufacturing throughout the product lifecycle, companies can therefore lower operational costs, accelerate time to market, decentralise production, and add new innovative product functionality.


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Mid & East Antrim Council have agreed to establish a working group to consider the impact of the JTI factory closure, it has been revealed.
Discussion on the setting up of a ‘Task and Finish’ working group was held in ‘reserved matters, with press and public excluded, at Council’s Economic Growth and Development Committee last Monday in Larne.
However, a spokesperson for the local authority confirmed to The Times on Friday: “Council have agreed to establish a Working Group, made up of elected members, to consider options, including potential future use of the site.
“It would be the intention of Council to work with key stakeholders and partners, including MPs and MLAs, to discuss options moving forward,” the spokesperson added.
JTI Gallaher which employs about 870 staff will shut down completely by 2017.
The factory has been a major employer in Ballymena for decades, but last October, the firm began consultations on proposals to close its facilities in Northern Ireland and Belgium.
The firm said at that time its restructuring would be phased in, with factory closures completed between 2016 and 2018.
In a statement, JTI Gallaher said it was working in a challenging regulatory and operating environment and that it had “fought very hard” against plain packaging proposals in the UK, the EU’s Tobacco Products Directive 2 (TPD2) as well as the trade in smuggled cigarettes.
Earlier this year, JTI Gallaher turned down a trade union proposal aimed at saving about 500 jobs at the factory.
Unite had proposed turning the factory into a centre of excellence for pouch tobacco and cigar production, meaning about 370 redundancies.


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Profiteering report delayed - again
A key report into profiteering by supermarkets has been further delayed because the government fears a political backlash over the relaxation of planning rules.
The publication of the report will bring to an end nine months of uncertainty for major supermarket groups Tesco, Sainsbury, Asda and Safeway. All were rumoured to be in merger talks with domestic and foreign rivals when the OFT launched its investigation last summer.
But ministers fear that the findings may lead to an embarrassing clash between Prime Minister Tony Blair and his deputy, John Prescott.
Prescott is head of the Department of Environment, Transport and the Regions, and remains opposed to new out-of-town shopping developments. But the Office of Fair Trading report is believed to call for planning reforms that will ease restrictions introduced by the Conservative government in 1993. The proposal has been circulated to ministers and has been warmly received by the policy unit at Number 10.
Blair is believed to support the conclusions of a separate report into British productivity prepared by management consultancy McKinsey last autumn which blamed restrictive planning regulations for the UK's lack of competitiveness.
The OFT report, originally due for publication last December, is not expected to see the light of day until at least the end of the month.
OFT investigators working on the report focused on whether planning rules artificially restricted competition among food retailers by denying new operators - particularly foreign supermarket groups - the right to open stores.
It is understood that the OFT wants to explore the issue further with a view to reforming the rules.
But it is the DETR that must approve any recommendation to changes in planning regulations, and ministers there remain opposed to Blair's position. They are concerned that relaxing planning controls will lead to traffic congestion and the destruction of High Street shops.
Last Thursday the Minister for the Regions, Richard Caborn, received a frosty reception from retailers when he delivered an uncompromising speech telling them the days of out-of-town superstores were over.
He said that Britain had too much shopping space and that out-of-town developments were closing town centre shops and creating 'food deserts' where people without cars had no access to quality fresh produce. 'We are proposing that future growth should largely be in existing town and city centres, not in out-ofcentre locations,' he told the Retail Week conference. 'Some retailers feel that their productivity is going to be eroded by the tougher regulations. But we are looking at regenerating town centres, not encouraging out-of-town developments.'
Both the DETR and the Number 10 policy unit are now putting pressure on the OFT to change the language of the report. They hope to avoid a public re-run of the row last July that forced Prescott to ditch proposals for a tax on supermarket car park spaces after Blair's intervention on behalf of the store giants.
Tesco, Sainsbury, Asda and Safe-way enjoy some of the highest net profit margins on food of any major supermarket in the world - about 5% compared with 2% to 3% in continental Europe and America. But the inquiry into their profits has been dogged by problems defining what are excessive profits. The supermarkets argue that planning restrictions push up property prices and therefore the investment required to operate a supermarket.
This week Asda, Somerfield and William Morrison will launch price-cutting campaigns to head off criticism of profiteering. Ten days ago Tesco announced price cuts on 200 products.
Conservation groups warn that any move to loosen planning regulations would lead to urban sprawl, pollution and wholesale destruction of town centre shopping.
Henry Oliver, planning officer at the Council for the Protection of Rural England, said: 'Even the opening of one supermarket near a small town can catastrophically affect the local economy.'
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Apple is Developing a Foldable iPhone for Year 2020, Says an Analyst
Apple is working on a foldable phone that may double as a tablet when unfolded, according to a note sent out by Merril Lynch analyst Wamsi Mohan on Friday. It is reported after meeting with Apple suppliers in Asia, Mohan came to the conclusion that “Apple is working with suppliers on a foldable phone (that potentially could double up as a tablet) for launch in 2020.”
It’s worth noting that these kinds of musings based on supply chain analysis can be fairly unreliable, especially when looking this far into the future. However, Apple has filed some patents for devices with foldable screens over the past few years.
Other companies have also looked at making phones with dual screens in the past. Chinese phone maker ZTE even released such a device, the Axon M, late last year, but failed to impress critics. And Flextronics, a company that has been working as a manufacturer of Apple products for some time, even developed a dual-screen Android phone prototype all the way back in 2009.
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Is Street Style More Important than a Runway Show?
Stylists Jason Bolden & Chriselle Lim discuss #NYFW's secondary stage — plus, see our Bravolebs on the move.
Sure, everyone is clamoring to know what the hot trends of New York Fashion Week are going to be, but real fashionistas know there's another place to spot cool looks: the street. In between shows, bloggers, models, and celebs are hoping to create a conversation around what they are seen wearing. And, there's a reason street style has emerged to be the secret superstar of NYFW.
"I think what's happened with it is the trickle-down effect and what people are realizing is what it's always been, but now it's just a little more publicized in that fashion has always started from that point," stylist Jason Bolden told The Daily Dish. "People have always been inspired by that, so now it's so in your face. They're really, really showing their point of view when it comes to style when they're relaxed and hauling ass to the next show. I think that's the filler before the next show. So when we're dying to see what's gonna air next and what people are doing next, I think that is the filler to be satisfied to actually see more fashion. I love the idea of how it's creating its own shows."
It's a concept that fashion blogger Chriselle Lim has seen grow in popularity as industry insiders are now also considered style icons along with the celebs and models. "Street style has really taken off in the last few years and I think it's mainly because people are so interested in what the real people are wearing outside the runways," she told The Daily Dish. "We're real; we're not models. I think the culture has definitely changed [where] it's as important [to see] what you're wearing [and] what you arrive in, so even bloggers and other influencers [have] eyes on them for content as well, not just the models and the celebrities anymore. Style is trickling downwards; it's coming from the street up to high fashion now."


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Amsterdam Airport Schiphol has been overloaded for several days. Queues form in front of buildings, commuters have to wait for hours. One airline is now taking drastic measures.
The Dutch airline KLM has drastically reduced ticket sales due to major problems with operations at Amsterdam Airport Schiphol. The airline announced that flights from Amsterdam could be booked very sporadically until Sunday. A KLM spokesperson told TV broadcaster NOS on Thursday that only more expensive tickets were available.
The airport has been battling major problems for weeks due to staff shortage in baggage handling and security. This leads to long queues on the roads. Passengers have to wait for hours for check-in. Many times there have been clashes with angry passengers as well.
Airport company recommends comfortable shoes
The airport makes recommendations on its website for arriving at the airport on time. KLM currently states a wait time of at least three and a half hours before departure. The operating company also recommends wearing comfortable clothing and shoes and bringing drinks with you while you wait. Currently up to 500ml per person can be taken through security checks.
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According to data released by the Brazilian Animal Protein Association (ABPA) on April 8, benefiting from the surge in exports to China, Brazil’s foreign pork exports set a new monthly record of 109,200 tons in March, a year-on-year increase of 51.5%; of which 58,700 tons of pork Shipped to mainland China, 17,500 tons were shipped to Hong Kong, China.
Comprehensive Brazilian website”G1″, ABPA official website report, according to statistics, Brazil’s total export of pork (including fresh and processed products) in the first quarter of this year was 253,500 tons, a year-on-year increase of 21.86%; exports reached 5.94 Billion US dollars, a year-on-year increase of 22.4%. Brazil’s pork exports in March were 109,200 tons, a year-on-year increase of 51.5%; sales reached US$261.7 million, a year-on-year increase of 57.6%.
China is the main destination for Brazilian pork exports. In the first quarter of this year, pork exports to mainland China reached 132,900 tons, an increase of 36.5%year-on-year; in March, it was 58,700 tons, an increase of 64.6%year-on-year. In addition, 37,300 tons were exported to Hong Kong, China in the first quarter, compared with 17,500 tons in March.
ABPA Chairman Ricardo Santin said in a statement:“This is the largest monthly export volume in the history of the Brazilian pig industry, making this year’s total export volume more hopeful to set a record… Domestic supply will not be affected.”
In terms of chicken exports, Brazil exported 396,000 tons of chicken meat in March, of which 55,600 tons were imported from the Chinese mainland.


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There is nothing wrong with your television set. Do not attempt to adjust the picture. We are controlling transmission. — The Outer Limits
Nokia president and CEO, Olli-Pekka Kallasvuo, declared at the Mobile World Congress, that Nokia — not Google — will “reshape the Internet”, according to EE Times. Its global market share reached 40 percent at the end of 2007 and it’s moving into location based services, big time.
Nokia says their Maps 2.0 will enable a “context-aware Internet” that combines multimedia features, Internet and Assisted- GPS, “We can bring more relevant and powerful context” to users browsing on the Internet, claimed Kallasvuo, who said Nokia will deliver “navigation out of a car and bringing it to a sidewalk for pedestrians.”
Nokia Maps 2.0, for select devices, is available on the Nokia Beta Labs Web site at www.nokia.com/betalabs. Users will get a free, three-day navigation trial for Walk and Drive as also a free 10 minutes city guide trial. Maps 2.0 adds the option to purchase multimedia guides featuring photos, videos, and audio streams.
The beta offers satellite maps in 200 cities worldwide. Satellite maps can be turned on when browsing the map and also in “Walk”. The satellite maps are downloaded over the air and are saved automatically. Next time you start Maps the satellite maps will be there, no need to download them again.
Meanwhile, current version of Nokia Maps and Nokia Map Loader are freely available for download for select devices at www.maps.nokia.com. It should work but not fully tested with all devices using Symbian S60 3rd Edition, Feature Pack 1, including N81, N81 8GB, N82, N95, N95 8GB, and E90.
While Nokia admits both Google and Nokia share “a similar vision” for “operator-independent cross-platform software stacks,” Nokia’s Savander added: “Google’s Android is still a Power Point presentation.”
ARM is demonstrating a prototype Android phone at the Mobile World Congress in Barcelona this week. But Savander believes Google’s platform still faces a significant amount of engineering work.
Nokia also announced it was in talks to offer phone access to social networking site Facebook and launched its new free media-sharing service “Share on Ovi”, which it opened for live testing last week. Nokia’s new own media-sharing site allows people to share photos and videos, and is built on technology acquired last year with the U.S. firm Twango.


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On the afternoon of July 16, Broadcast Asia 2021 was successfully concluded. This year is the first year of the 14th Five-Year Plan. In order to implement and promote China’s radio and television technology to “Go global”, we will vigorously promote overseas high-tech products with independent intellectual property rights. From 14 to 16 July, Beijing Municipal Radio and Television Bureau organized 20 radio and television companies and audio-visual technology enterprises, in the form of the China (Beijing) Broadcasting Technology Innovation Pavilion, to attend the exhibition, through a series of online activities such as product display, video promotion, audience invitation, media promotion, character interview, live video broadcast and cloud signing, to comprehensively display the innovative products of Beijing Radio and Television and Network Audiovisual Technology Enterprises. The exhibition will showcase the innovative products and technical achievements of Beijing radio, television and network audio-visual technology enterprises, providing a good platform for enterprises to expand development opportunities and carry out domestic and international cooperation.
Cloud Signing Helps Tech Companies Expand Opportunities
Through the China (Beijing) Broadcasting Technology Innovation Pavilion, 20 radio and television companies and audio-visual technology enterprises introduced their products and technologies by live video broadcast. Visitors and exhibitors interacted with each other in real time, thus precisely matching demand and target customers, reaching cooperation intentions and signing agreements on technology and product transactions, to truly realize “live commerce”.
“Made in China” Demonstrates the Strength of Innovative Technology
The China (Beijing) Broadcasting Technology Innovation Pavilion fully demonstrated innovative technological strength of “Made in China”. The enterprises involved used live video to promote their latest products and solutions to domestic and international audiences, showcasing their new products, services and technologies, and representing its latest developments to the world. The three-day live webcast attracted over 50,000 online viewers from home and abroad.
As the first overseas-oriented exhibition for Beijing radio, television and network audio-visual technology enterprises in the post-epidemic period, the Beijing Municipal Bureau of Radio and Television insists on combining “going global” and “bringing in”, and constantly optimizes the format and content of the the China (Beijing) Broadcasting Technology Innovation Pavilion. With the aim of empowering enterprises with “intelligence”, it will build an international promotion platform for them in the post-epidemic period, provide diversified promotion channels, and help Chinese brands to start a new journey. The next step is to strengthen the tracking and service of the transaction results of the online exhibition, summarize and promote the new business forms, new services and new models of the exhibition, continue to optimize the business environment, and create conditions for subsequent transactions, deepen industry cooperation and promote integration and innovation.


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Out-Law News 1 min. read
21 Jul 2017, 2:39 pm
The watchdog fined price comparison website Moneysupermarket.com for sending more than 7.1 million marketing emails to customers that had previously opted out from such marketing. The business was responsible for a serious breach of the UK's Privacy and Electronic Communications Regulations (PECR), the ICO said.
In its email, Moneysupermarket asked recipients whether they wished to "reconsider" their previous decision to opt out of receiving "personalised news, products and promotions" from the company, and prompted those that did to sign-up to do so.
The ICO said, though, that "asking people to consent to future marketing messages when they have already opted out is against the law".
In its monetary penalty notice (14-page / 221KB PDF), the ICO said: "The [information] commissioner’s direct marketing guidance is clear that organisations cannot e-mail or text an individual to ask for consent to future marketing messages. That e-mail or text is itself sent for the purpose of direct marketing and will be subject to the same rules as other marketing texts and e-mail."
"The guidance also stresses that organisations should keep clear records of what an individual has consented to, and when and how this consent was obtained, so that they can demonstrate compliance in the event of a complaint," it said.
Head of enforcement at the ICO, Steve Eckersley, warned organisations against "sending direct marketing dressed up as legitimate updates". Those that engage in such activity risk enforcement action, he said.
"When people opt out of direct marketing, organisations must stop sending it, no questions asked, until such time as the consumer gives their consent," Eckersley said. "They don’t get a chance to persuade people to change their minds. Emails sent by companies to consumers under the guise of ‘customer service’, checking or seeking their consent, is a circumvention of the rules and is unacceptable. We will continue to take action against companies that choose to ignore the rules."


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Airlines at the IATA World Passenger Symposium which is taking place in Abu Dhabi this week have slammed the GDS industry for its spiralling costs, lack of innovation and lack of competition.
Speaking on a panel session at the event, Jim Callaghan, general counsel, Etihad Airways argued that while GDS costs had "kept increasing" - "Service hasn't really kept in line with those costs."
IATA has used the conference to unveil its plan for a New Distribution Capability (NDC) which the airlines hope will break the monopoly of the three major GDS systems and allow new players into market.
Callaghan said the current model had allowed GDS systems to cream off huge profits at the airlines' expense.
"We can see the huge margins the GDSs are making - 25.9% - whereas the airlines are struggling to meet their costs. The huge size of the margin in this area should be glowing beacon that something is wrong here. Because in any other industry if you had those kind of margins you would not have the limited number of players that you have in this industry.
If there was a possibility for an alternative distribution models to make inroads into that market there wouldn't be the size of that margin."
He insisted that the NDC was not a plan to by-pass the travel agent; but was aimed at introducing some competition into the market which would lower costs for airlines as well as increasing innovation in travel distribution.
"For a network carrier where you have connections and baggage issues it is a very complicated product and one that benefits from the travel agent being an active sales force and we very much appreciate the work the travel agents do.
Airlines have been putting a lot of effort into going direct but are still heavily reliant on the travel agents and therefore the GDSs. The issue is the intermediary between the airline and the travel agent. Even if there has been a migration to as much an extent as possible to direct distribution - still to have these margins that is a big problem."
"This is one of the number of businesses that the airlines created and were forced to spin-off to pay for their operating losses and these businesses have come back to bite us."
Karl Isler, Head of revenue management strategy, Swiss International Airlines said the NDC plan was needed because the "current distribution system doesn't work anymore."
"What was once an innovative for airlines to distribute their product before the internet is now an obstacle."


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The new security guards at the Basics supermarket in Pasadena sure look great on paper. In fact, they are paper.
Well, cardboard, to be precise.
Officer Bill and Officer Pete, identical twins in New York City Police Department uniforms, have for about a month been fixing their steely blue-eyed gazes upon the Ritchie Highway store's aisles and checkout lanes. They stand cross-armed, handcuffs and nightsticks dangling from their equipment belts. Some say their eyes seem to follow as you walk by.
The store management hopes that the two 6-foot-tall cut-out cops will serve as a deterrent to would-be shoplifters.
"A sign company in Baltimore gave them to us as a test," said John Ryder, president of the 29-store Basics supermarket chain. "It's more psychological than anything else."
Store general manager Sharon Morningstar said a number of customers and some of the store employees have taken the paper cops for flesh and blood officers.
"You'd be surprised," Morningstar said. "People do make remarks: 'He scared me . . . Ithought he was real. . . . The girl back in deli said 'You finally got security.' For two hours she thought he was real."
Of course, that was from across the store. But even from close up, Morningstar said, some people say "it looks like his eyes follow you."
Morningstar said she moves the two cardboard officers around the store throughout the day. On Thursday afternoon, for example, Officer Pete was on duty in front of the store, near a display of snow shovels and rock salt. Officer Bill was back behind the bakery department. When she adds up receipts in the office, Morningstar said she usually positions acardboard cop near the door.
At night, Morningstar said, she places both officers in the front window to deter robbers.
"It's the cheapest employee I have," said Morningstar. "No breaks, never late, always on the job."
The guards appear in the store courtesy of The Baltimore Sign Co., which sent out a few of the cardboard cops gratis to its big customers to test the market. So far, so good, said company president Robert Trescott. After sending out 25 or 30 samples, hesaid, the company has orders for between 200 and 300 from supermarkets and drug stores along the East Coast. On the first run, the company produced 500 cardboard cops. They sell for $79 each.
Trescott, who's been in the sign business for more than 30 years, said he got the idea for The Guardian, as the product is called, from reading supermarket trade magazines and hearing his customers' chronic complaintsabout shoplifting.
The sign company already had produced about 500 cardboard soldiers for the Maryland National Guard's recruiting stations. He thought: Why not a cardboard blow-up photograph of a policeofficer? He figured it could be a more effective deterrent than the standard shoplifting warning signs the company has been printing for years.
Trescott decided to move on the idea after reading an article in the Wall Street Journal earlier this year about a Colorado supermarket franchise that was making its own cut-out security guards, ata cost of $500 apiece. Trescott knew he could do it cheaper.
The photograph used to make The Guardian portrays a mustachioed officer who bears a resemblance to former Philadelphia Phillies slugger Mike Schmidt.
"I don't know who the model was," said Morningstar, "but he's a nice-looking guy."
Kathie Schisler, the sign company's accounts coordinator, said the firm is considering expanding the line to include black, Hispanic and female officers.
The Journal article reported that the Colorado Springs store claimed shoplifting had fallenby as much as a third since the two cardboard officers went on duty.Morningstar said it's too soon to tell if Officer Bill and Officer Pete have been effective crime-stoppers at the Ritchie Highway store, the only store in the chain that employs the cardboard cops.
Ryderrefused to speculate if the paper cops would be ordered for Basics' 28 other stores in Maryland and Virginia.
At least one shopper checking out her groceries on Ritchie Highway last week was not terribly impressed with the authoritative presence of Officer Pete.
"I've seen him before," said the Severna Park woman, who would only give hername as Karen. "He kind of made me jump the first time I saw him. For a minute I thought there was somebody standing just out of my line of vision."
Asked if she thought Officer Pete or his partner, Bill, would discourage the average shoplifter, Karen said "Naaah. He's just cardboard. I think he's like a door lock. He's just keeping honestpeople honest."


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Here’s Your First Look At The All-New Most Wanted
The key-word here is ‘all-new’. Yes, EA is doing exactly what they did with Hot Pursuit two years ago and reviving an old NFS moniker while also re-inventing it and they’ve even picked the same studio to carry out the work. Burnout and Hot Pursuit developer, Criterion, is working on this new Need for Speed: Most Wanted so at least that’s a good start considering Criterion hardly puts a foot wrong when it comes to making enjoyable racing games.
A video demonstration is due at EA’s E3 conference next week on Monday June 4 at around 11pm local time.
Electronic Arts said the press event will “feature never-before-seen video and gameplay for the biggest titles EA will unveil this year”.
What you see above is the first promo image of the game and well it is a bit poetic and a step in the right direction that they’ve chosen to use the latest incarnation of the M3. Also, notice the Corvette cop car in the background. Both these details suggest that Criterion is drawing from the source material but here’s hoping that they do this right and don’t just give us Hot Pursuit 2.


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Amid the coronavirus crisis, it has arguably never been more important, nor more difficult, for retailers to understand their customers.
How are shoppers feeling about their own finances, the economy and life in general? Are they shopping more online under lockdown measures? Which retailers are they gravitating to? Does the switch to ecommerce mark the new normal? Or will old shopping patterns and habits start to return as lockdown measures ease?
As retailers grapple to understand evolving consumer trends and how they could shape the future of commerce, Retail Week has joined forces with analytics specialist The Smart Cube to answer some of those questions.


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Electric car maker Tesla has recalled about half a million cars in the United States. It is not yet clear whether cars will be recalled in the Netherlands as well.
With the Tesla Model 3, the wiring harness for the reversing camera can be damaged by opening and closing the trunk. On the Model S, the hood may open unexpectedly due to a faulty latch.
It’s about 350,000 Model 3s manufactured between 2017 and 2020. Nearly 120,000 Model S vehicles require repairs due to hood problems.
According to the U.S. Road Safety Controller, Tesla has not yet received any reports of accidents caused by defects.
Formerly in China
In total, more than 475,000 Teslas are being recalled in the United States. That number is equal to the total number of electric cars the company delivered last year.
Earlier this year, the U.S. automaker, led by CEO Elon Musk, had to modify the software for nearly 300,000 cars in China. Model 3 and Model Y cars, according to Chinese controllers, required an online software update due to problems with the driver assistance system.
The so-called assisted driving function in electric cars can be implemented without instruction. As a result, the car may suddenly start to drive faster, for example.
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- Chipotle’s digital sales grew 81% to $372 million during Q1 2020, making it the highest quarterly level for digital sales, CEO Brian Niccol said during a call with investors on Tuesday. Digital sales represented 26.3% of sales during the quarter.
- The company drove further investments toward digital and delivery as people started social distancing, he said. Those efforts included adding a national delivery partnership with Uber Eats, offering free delivery from March 15 into early May and switching from live sports to online and streaming platforms. These efforts helped increase engagement and March digital sales grew 103% year-over-year, representing 37.6% of sales during the month.
- Chipotle’s loyalty program grew to 11.5 million enrolled members, with signups spiking nearly fourfold in March, he said. Sixty-five percent of enrolled members are new to Chipotle, compared to 51% prior to the pandemic. The company is also starting to leverage this growth with personalized promotions.
Before COVID-19 hit the U.S., Chipotle had a strong start to the year, growing comp sales 14.4% and transaction volume by 11% through the end of February. Even with a 16% decline in comp sales in March, the company’s Q1 comp sales grew 3.3%. Comparatively, many other restaurant chains have already estimated high single-digit and double-digit declines or meager comp sales growth. McDonald's U.S. comp sales were up 0.1%, for example, for the quarter.
That isn’t to say that Chipotle’s sales have yet to be impacted. During the week ending March 22 and March 29, comp sales were down 34% to 35%, CFO John Hartung said during the call. So far in April, in-store ordering was down 75%, but delivery increased 150% and order-ahead grew nearly 120%. Digital currently accounts for roughly 70% of sales, he said.
The quick turnaround from March shows how much better equipped Chipotle has been to adjust operations in response to the dine-in and stay-at-home orders across the country. Over the last two years, Chipotle has significantly grown its digital presence, adopting order-ahead, delivery, a loyalty program, a second make line and Chipotlanes. It also began testing pickup windows in December. This increased focus on digital, especially making operations more streamlined for employees and customers, led the company to grow digital sales to over $1 billion last year.
“While delivery continues to be the fastest growing part of our digital platform, we are also pleased with our order-ahead business where average daily sales have doubled from the levels seen prior to COVID,” Niccol said. “This is part of the reason that we continue to shift our development pipeline more aggressively toward Chipotlanes as it helps drive our high margin digital order-ahead transaction.”
With other company’s scaling back development during this time, Chipotle is taking the opportunity to push forward with additional Chipotles and Chipotlanes. That means less competition for sites that can accommodate these drive-thru style windows, which will only help grow digital sales. Existing Chipotlanes had a higher digital mix in recent weeks, approaching 80% sales, Hartung said.
During Q1, the chain opened 19 stores, 11 of which featured Chipotlanes, Hartung said. Year-to-date the company opened 28 restaurants with 49 under construction. Groundbreakings have been hit with construction delays for a majority of its projects in April, however, but the company remains positive.
“Our optimism for Chipotlanes is further enhanced by our most recent opening a few weeks ago in Eureka, California,” Hartung said. “Day one sales of nearly $15,000 was one of the highest opening days of all time.”
Given Chipotle continues to push forward with its digital strategies, it is well positioned to make it out of the other side of the coronavirus pandemic.


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The 2019 edition of Google I/O will happen in a few hours time. We are expecting some announcements of the rumored Pixel 3a and Pixel 3a XL. There might be some other announcements which might include updates to Android Q, new language support for Google Assistant, smart home devices etc. Google I/O 2019 is being held in Mountain View, California and will run through May 9. Watch the live stream below from youtube.
Google I/O 2019: How to watch livestream
Google I/O 2019 kicks off with a keynote that starts at 10:00am PDT, You can head over to the official Google I/O website. This is also where you can find the complete schedule of all the sessions that will take place at Google I/O 2019. The livestream can also be watched on the official Google Developers YouTube channel,
Google is confirmed to make new hardware announcements at Google I/O 2019, we should be seeing some new additions to Home and Nest line-up. So, catch up on the video below.


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Check out the on-demand sessions from the Low-Code/No-Code Summit to learn how to successfully innovate and achieve efficiency by upskilling and scaling citizen developers. Watch now.
Social networking site Bebo has only been in the news sporadically since AOL sold it to Criterion Capital Partners last June, but the company says it has been steadily rolling out new features. Today, it’s unveiling a redesigned home page.
The redesign doesn’t look like a dramatic shift, but it’s another sign that the team is continuing efforts to revitalize the site — as a spokesperson told me, at Bebo “the culture has shifted back to that of a sleepless start up.”
According to a Bebo blog post, the home page has now been “placed on a diet to reduce unnecessary clutter and place more focus onto what’s important, the new Feed.” The Bebo news feed has been expanded to show more information about user comments and to add Bebo’s take on the Facebook “like” button. Instead of just liking something, Bebo users can respond to comments and updates with one of four “emotion markers” — Cool, Funny, Sorry, or OMG.
Other changes include a more prominent notifications menu and a new feed highlighting activity for each individual user. This is on top of recent additions to the site that include friend suggestions, video chat, and Facebook Connect integration.
If you’re still inclined to count Bebo out, it’s worth remembering that the company has brought in some high-profile names as well. Bebo co-founder Michael Birch invested in the site again and serves as an advisor, while Xbox co-creator Kevin Bachus joined as chief product officer.
A spokesman said that after the acquisition, Bebo’s traffic jumped to 12 million unique visitors per month, then fell to 10 million. As the company added new features, traffic climbed again, most recently to 12.7 million uniques. And mobile traffic has doubled from 750 million to 1.6 billion pageviews per month.
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Nissan to build Quest minivan — somewhere
CANTON — Nissan will produce a 2011 edition of the Quest minivan, but not in Canton.
The automaker halted production of the vehicle for 2010 to make way for a line of commercial vans, which will begin production at the Madison County plant later this year.
Nissan released a front-end photo of the 2011 model with a short news release. The company did not provide vehicle-specific details or information on where it will be made.
The company is expected to formally introduce the new Quest at the New York Auto Show, which begins April 2 in New York City.
The Canton facility currently produces the Altima, Armada and Titan under the Nissan nameplate and the Infiniti QX56.
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Four months ago, Google executives said the company had a new, laser focus on artificial intelligence.
On Tuesday, the company launched Allo, a smart messaging app for Android and iOS platforms that uses A.I. to help users express themselves, accomplish more and find more information within their chats. The app was originally unveiled at Google's I/O developer conference in May.
It's part of a new wave of A.I.-powered technologies, smart products and services that Google hopes to keeps the company ahead of its competitors.
"Whether it's planning a night out or just catching up, we all rely on messaging to stay in touch with friends and loved ones," wrote Amit Fulay, a group product manager with Google, in a blog post. "But too often we have to hit pause on our conversations -- whether it's to check the status of a flight or look up that new restaurant. So we created a messaging app that helps you keep your conversation going, by providing assistance when you need it."
Google Allo is the company's first messaging app that uses A.I. to learn how users like to communicate and express themselves. For instance, with a smart messaging app, if a friend sends a photo of a new car, Allo will offer several possible replies, like "Great car!" or "Let's go for a ride."
At Google's I/O, the company also took the wraps off Assistant, a virtual assistant, as well as the Google Home device and the Duo video chat app.
The Allo app also includes Assistant, and can offer suggestions such as emojis to go along with responses in a chat. Chatting with friends about the big game on Thursday night? Assistant can search for team stats, dates for upcoming games, photos of team players and other information.
"This is a pivotal moment in where we are with the company," said Google CEO Sundar Pichai at Google I/O in May. "It's not just enough to give people links. We need to help them get things done in the real world. We've been laying the groundwork for this for many, many years."
So will the launch of Allo mean Google is on its way to succeeding with its A.I. road map?
"It's really important for Google, as the company has bet its entire future on A.I.," said Patrick Moorhead, an analyst with Moor Insights & Strategy. "Their CEO Sundar Pichai said at I/O his company is no longer a mobile company, but an A.I. company. Allo needs to go really, really well. They're on stage here."
Rob Enderle, an analyst with The Enderle Group, said Allo could be an advance for messaging, as well as for Google. But it also carries risks.
"The competitive advantage is the A.I. engine, but the A.I. is young and, as yet, poorly trained, so like a baby on a plane, generally more annoying than beneficial at the moment," he added. "You have to start someplace."
To Jeff Kagan, an independent industry analyst, Allo's combination of a messaging app with A.I. shows promise.
"It creates a fertile new playground full of growth potential," he said. "With all that said, it feels very intrusive. In order for users to get the benefit of A.I., they have to give Google permission to scour their devices and uncover every contact and message and personal bits of information in their life."
With both the advantages of a smart technology and the disadvantages of what some are calling an intrusive technology, it's no sure-fire winner.
"This is both a blend of ultra cool and privacy busting technology," said Kagan, noting that it could still be a popular app. "Middle-aged users today remember privacy and miss it. The youth, however, were born into this world of no privacy, so they don't mind as much."


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Echo boomers are changing the way we view TV and movies. The same day Blockbuster, a 25 year old movie rental store, declares bankruptcy (link), Netflix, a 13 year old online movie rental company, declares it will be focusing on streaming content online (link).
This is another example of the shift away from physical forms of media and the movement towards digital methods, a revolution with Generation Y at the front lines. Like music albums, the shift towards online content is only a matter of time – mostly a matter of the method of how it is delivered to the user. Netflix is innovative in that department. Utilizing people’s computers, and more importantly, video game consoles such as the Wii, they can deliver movies and TV shows directly to your TV for a cheap rate less than $10 a month while lowering their company’s overhead.
Cable companies, take note. It is only a matter of time before companies that deliver media in new, innovative, on demand ways, will be breathing down your throat.


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With its brand-new Nearby Friends feature, Facebook is collecting a log of your travels so that it can one day pass that data along to advertisers, CNET can confirm.
Facebook trotted out Nearby Friends on Thursday. The optional feature, currently rolling out to US users of the native Facebook application for iPhone and Android, lets people turn on location-tracking to receive notifications when friends also using the feature are close by.
Nearby Friends is outwardly intended to facilitate offline get-togethers, as in this is meant to better the average person's experience with Facebook. The social network will, at some future date, enable advertisers to target based on location histories, bettering their experience as well and likely bolstering Facebook's business in the process.
"At this time it's not being used for advertising or marketing, but in the future it will be," a Facebook spokesperson told TechCrunch. CNET confirmed with Facebook that it may use the data for advertising or marketing at some point.
When asked ahead of the release, a Facebook spokesperson told CNET the company was not using data from Nearby Friends to target ads -- which is technically true, but for who knows how long. "The launch of this product doesn't impact the way advertisers can target people based on location," the spokesperson said at the time.
Though the news may be unnerving, it shouldn't come as a surprise that the social network would want to keep tabs on where you are. Facebook is in the business of selling advertising and the more data it can provide to ad buyers, a group that contributed $2.34 billion in revenue to the company in the fourth quarter, the better. If an advertiser had access to members' location history they could, for instance, target their ads to people they knew visited a competitor's store.
In Facebook's defense, the company has made the Nearby Friends feature optional and does allow those who have opted-in to delete their location history from their activity log.
Clarification: 4:17 PM: This article was modified to make clear that Facebook will in the future enable advertisers to target based on location histories.


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The expanded product range at this Taiwan Fair follows the first Taiwan Fair in March 2019 after the agreement signing, catering to the increasing popularity and demand for Taiwanese products
The island-wide fair at FairPrice stores will feature more than 70 products from various parts of Taiwan, at discounts of up to 46 per cent
SINGAPORE, 11 July 2019 – NTUC FairPrice (FairPrice) today launched its second Taiwan Fair following the inaugural Taiwan Fair in March this year, as part of the joint partnership agreement signed with the Kaohsiung City Government. The fair will showcase an expanded product range, including agricultural produce from Kaohsiung and other parts of Taiwan, in addition to popular selling items.
Mr Tng Ah Yiam, Deputy CEO and Head of Products, NTUC FairPrice, said: “Following the joint partnership agreement with Kaohsiung City Government, NTUC FairPrice is excited to launch the second Taiwan fair this year. This partnership has enabled FairPrice to widen our sources of supply, benefitting consumers in Singapore with an expanded range of products from Taiwan at affordable prices. We hope our customers will like the variety and enjoy the best of what Taiwan has to offer at FairPrice.”
The fair will feature more than 70 products from various parts of Taiwan, priced at discounts of up to 46 per cent. Apart from a larger variety of seasonal produce including apple mangoes, pineapples, sweet pears, Kyoho grapes, and guavas, there will also be popular selling items including the Chatime 3-in-1 Instant Milk Tea, Hsin Tung Yang Bubble Tea Cake, and Qing Shui Instant Noodles.
FairPrice’s Taiwan Fair will be held at all 147 FairPrice stores island-wide, as well as online platform FairPrice On, for a week from 11 to 17 July 2019. Availability of products may vary from store to store.
More details are available on NTUC FairPrice’s website at www.fairpriceon.com.sg.


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RealNetworks Promotes Rhapsody’s Lunsford
(UPDATED) RealNetworks has named Mike Lunsford as Executive Vice President of the Technology Products and Solutions and Media Software and Services divisions of the company. Lunsford will also continue in his role of overseeing Rhapsody America, the company's digital music joint venture with MTV Networks.
Recent speculation has had RealNetworks and MTV, its partner in Rhapsody America, may consider selling the subscription service. Rhapsody has never garnered big numbers, and now competition growing or on the way from MOG, Spotify and a probable iTunes in the cloud service.
Prior to his current role, Lunsford was executive vice president of strategic ventures for Rhapsody America. Before that he held a number of senior roles over eight years at EarthLink including as interim president and CEO.


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Canadian licensed producer Lotus Ventures Inc. (OTC: LTTSF) reported an uptick in sales in its financial and operational results for the fiscal year ended Aug. 31.
The company established it has a decent foundation for continued growth, with an emphasis on maintaining the sales trajectory of its popular house brand flower and expanding its strain offerings in the coming fiscal period.
Despite a net loss of $1.87 million for the year, the British Columbia-based company saw a notable 46% sales increase in the last quarter and an 18% year-over-year rise. That growth was attributed to the popularity of Lotus’s Keylime Kush cannabis flower and pre-rolls, which were launched in January and are now available in more than 300 retail outlets across British Columbia and Ontario.
Throughout the fiscal year, Lotus reached several milestones, including the launch of Keylime Kush and its subsequent formats, such as pre-rolled joints and a 14-gram package. The company also expanded into Ontario in April with a 3.5-gram offering.
The company reported revenues totaling $1.99 million for the fiscal year, with the fourth quarter contributing $751,743, highlighting sustained sales momentum. Production remained steady at approximately 500,000 grams in the last quarter, rounding up to 2 million grams for the year.
While Keylime Kush remains a production focus, Lotus is preparing to diversify with new strains, the company said.
In addition to domestic operations, Lotus completed its certification process to enter the Israeli medical cannabis market through wholesale partnerships, marking a meaningful step in the company’s expansion strategy.
The financials show a considerable improvement from the previous year’s net loss of $4.9 million. The reduction in net loss is credited to more sales, a rise in gross margin, and an absence of an inventory impairment that affected the prior year’s figures. However, property tax expenses for the year increased by $50,193 due to rate hikes and late payment charges.


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(HBO) – Hoa Binh province boasts multiple advantages for trading activities with its location as a gateway to the northwestern region and a convenient transport system linking it with other provinces in the Red River Delta and the northeastern and central regions. However, promoting connectivity and partnership between cooperatives and purchasers is still considered an important step in trade promotion.
representative of the Ho Chi Minh City-based Proton One-Member Co. Ltd (second
from right) discusses cooperation in selling fruits at wholesale markets in HCM
City with the Muong Dong agricultural services and trading cooperative (Kim Boi
Supporting trade promotion is key to strengthening
the linkage between producers and consumers.
A supply - demand connection conference was held
in mid-November, gathering businesses, supermarkets and distributors from
Hanoi, HCM City and Hoa Binh province, along with 30 agricultural and food
production cooperatives. It was deemed an important step to open up cooperation
chances in product consumption.
The Proton One-Member Co. Ltd, based in Go Vap
district of HCM City, specialises in developing wholesale markets. Its
representative, Nguyen Hong Long, showed his interest in citrus fruits of Hoa
Binh. He expressed the intention to sign contracts to purchase local citrus
fruits, especially oranges, for sale in HCM City.
There are 262 cooperatives across Hoa Binh
province at present, with 197 or 75.2 percent, involving in agriculture. They
have about 11,270 members, and over 19,800 regular workers. Their goods sales
and services revenue surpass 600 billion VND (25.8 million USD), averaging 2.3
billion VND per cooperative.
Recently, many cooperatives have promoted
connectivity to produce key agricultural products under value chains. With
traceable origin, their products have high and consistent quality while meeting
food safety standards. They have been sold in Hanoi and some other provinces
nationwide and won consumers’ trust./.
(HBO) – With 10 projects and 36 subprojects, Hoa Binh's project on socio-economic development in ethnic and mountainous areas programme for 2021-2025 has significantly contributed to boosting economic growth, helping reduce poverty sustainably among ethnic people in the province.
(HBO) – The Thai Binh Tourism Co. Ltd, an affiliate of Pacific Group, held a ceremony in Phu Nghia commune, Lac Thuy district, Hoa Binh province, to start the construction of works in Hoa Binh section of the Huong Binh cable line project.
(HBO) - On May 26, Mr. Quach Tat Liem, the Vice Chairman of the Provincial People's Committee and the leaders from a number of departments and branches worked with the delegation of European Union in Vietnam, led by Mr. Mario Ronconi, the Director General in charge of South Asia - Southeast Asia at the Asia - Pacific - Middle East Department under the General Department of International Partnership as the head of the delegation, to introduce and discuss the potentials and strengths of the locality as well as the cooperation opportunities between Hoa Binh and European Union.
(HBO) - The Department of Economic Cooperation and Rural Development under the Ministry of Agriculture and Rural Development, Hoa Binh province’s Department of Agriculture and Rural Development, the People's Committees of Lac Son and Yen Thuy districts, and Fusa Organic Agriculture joint Stock Company on May 20 signed a strategic cooperation agreement on implementing a pilot project to build a material area of agricultural and forestry products that meet standards for domestic consumption and export in Hoa Binh province in the 2022 – 2025 period.
(HBO) - In recent years, farmers in Ngo Luong commune, Tan Lac district, have focused on raising animals native to the land, hence the formation of products imbued with the local identity, serving the future growth of tourism.
(HBO) – Over the years, the Hoa Binh Cooperative Alliance have rolled out various measures to support local cooperatives to develop farm produce production and selling chains, thus promoting the economic transition process, creating jobs and improving income for local farmers.


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Pele – football legend has gathered who’s who of football for a charity event to help Brazil fight the pandemic. From Pele’s own Brazil jersey to a black shirt signed by Dan Carter, to a photo autographed by Derek Jeter, to heartthrob David Beckham’s AC Milan shirt, to things from Icon Cristiano Ronaldo and Kylian Mbappe, and much more will be up for sale at an auction next month. The auction is organized by Pele for his foundation created in 2018. The foundation works towards helping underprivileged kids.
Pele A Legend
Pele – the 80-year-old legend is the only player in the world to have three World Cup winner’s medals in his name. He is called the greatest player in the world for a reason. He is from Brazil, and the money raised from the auction will be used to help Brazil recover from the pandemic. After U.S – Brazil comes second in the world wrt Covid related deaths. Martin Nolan, executive director, and CFO Julien’s Auctions called Pele an icon, adding that other players look up to him. Pele had spent the pandemic at home in his bubble, which afforded him time to work on this project. Apart from providing his own items for the auction to be held on September 22nd, and even called in favors from his friends in sports and entertainment.
What Else Will Be Auctioned?
Apart from the jerseys and autographed photos from Pele, the auction will also include things signed by ex-teammates like Jairzinho, Rivellino, and Clodoaldo. There will also be items signed by players like Neymar, Roberto Baggio, and Roger Milla. World Cup winner Franz Beckenbauer also contributed many items like a ball from the 2015 Champions League final. Gold plated bronze cast of Pele’s foot created by Dante Mortet is one of the most highly valued things on the auction. This auction will be held at Mall Galleries in London and is also open to online bidders.
AppHarvest is a revolutionary startup that aims to restore the economically suffering communities of Appalachia, the former coal country, and reposition it as a thriving agricultural hub. The best part? That plan is already on the way.
The Kentucky-Based Company With a Mission to Save the Appalachia
AppHarvest is currently building some of the world’s largest indoor farms, with its first harvest already on the shelves of stores like Kroger and Walmart. The company recently went public and managed to attract Martha Stewart herself as a board member. Several of its facilities are already producing fruits and vegetables, and AppHarvest is on its way to becoming the national leader in alternative farming.
Their three huge indoor farms are located in Appalachia and are able to produce 30 times more food compared to a traditional farm. Those numbers are a result of the cutting-edge indoor technology, space-saving, and rainwater recycling that AppHarvest is using in all of its facilities.
A Sustainable Approach to Food Production
In a recent press release, Martha Stewart praised the successful first harvest of the company, stating that its sustainable approach “is the future of food.” That future consists of nutrient-rich, pesticide-free, and flavorful produce that will really make a difference. The company’s Morehead Kentucky headquarters boast impressive numbers: they can grow about 45 million pounds of chemical pesticide-free, non-GMO tomatoes each year, regardless of the burden of the seasons. Stewart shared she’s already testing the first batch of tomatoes and can’t wait to use them in her famous recipes.
Carefully nested in Appalachia, the farms are just a day’s drive from more than 80% of the American population. That way, AppHarvest is both able to keep its promise to help Appalachian communities thrive and make sure its produce is reaching markets fresh and quickly.
The future’s looking bright, too. With over $1 billion secured in financing, AppHarvest is hoping to have a total of 12 indoor farms up and running within the next four years.


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SKOKIE (WLS) -- Police are investigating what caused a car to crash Monday morning into a market and bakery in suburban Skokie.
No one was injured when the car went through the plate glass window of the Pita Inn on Dempster Road.
Some merchandise was damaged.
It is unclear what caused the drive to crash.
More TOP STORIES News


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With the discovery of suspended greenish algae and Fungus in packaged drinking water Evoke brand manufactured by one Imphal based company Bisra Aqua Minerals, Imphal west food safety wing has banned the company’s product and intimated the government for strict action against the firm.
Addressing the media persons at Health Directorate, Lamphelpat, designated officer of Imphal west food safety wing S. Binodkumari Devi who is also the CMO, Imphal west said that an official team of Imphal west food safety wing conducted a raid at one shop located near Tiddim ground at about 11 am this morning and collected the packaged drinking water bottles containing harmful suspended particles of greenish algae and fungus.
The food safety standard act empowers the officials of food safety department to ban and cancel the license of any company if the food stuffs or consumable items manufactured by them are found containing adulterants or harmful suspended particles with charging them a fine upto five Lakhs. The packaged drinking water bottles “Evoke” seized by the officials today do not contain printed batch no. Apart from this, the license issued to the company by this department on 22 february 2012 is also found outdated. Any company should get their License renewed every year, she said.
Bisra Aqua minerals company is run by one Thounaojam Romila from its manufacturing unit located at Takyel Industrial estate, Imphal west.
The water samples seized today will be sent to the laboratory for further investigation. Cancelation of license issued to the company will be decided as per the result shown by the laboratory, she said and appealed the general people to avoid drinking the brand of the said company while the investigation is in process.


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This Could be the Galaxy Nexus Boot Animation
How about a little Galaxy Nexus boot animation to hold you over until Samsung and Google unveil their “big” announcement? Yeah, we know it’s not much, but it’s just the latest in a string of leaks. According to p3droid (yep, him again) of MyDroidWorld, this is the new boot up animation, as seen on a Droid Bionic.
I can’t speak for everyone here at AndroidGuys but I feel like there has been a great amount of attention, detail, and change applied to this update. We’re not talking about a bit of ‘green’ added to the user experience this time around.
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AT&T on Monday announced the upcoming availability of the LG G Pad 7.0 LTE tablet. Arriving later this week on August 8, the 7-inch tablet runs Android 4.4 KitKat and
Best Buy, capitalizing on the new HTC announcement this morning, has announced a new promotion for this coming weekend. It’s simple: Head to a Best Buy or Best Buy Mobile
We’ve already started to see a variety of Galaxy S6 concepts that speculate what the next flagship from Samsung may look like, and now it looks like case makers are


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Mumbai, February 8, 2013 –
Marking a significant milestone in its expansion, SCHOTT KAISHA today inaugurated its new pharmaceutical packaging plant in Jambusar, Gujarat. This greenfield investment of 20 million Euros increases the company’s production capacity in India by 50 per cent to around 2.0 billion ampoules and vials per year.
Highlights of this venture are:
·Greenfield investment in Gujarat increases production capacity by 50 per cent in the first phase
·Scope for further expansion according to demand
·Plant opening boosts growth perspectives in Indian pharma market
India’s first fully automated pharmaceutical packaging plant complements an existing production facility in Daman and enhances SCHOTT KAISHA’s competitive advantage substantially. “We see a steadily rising demand for locally manufactured primary packaging that meets the rising quality demands”, says Kairus Dadachanji, Managing Director of SCHOTT KAISHA, adding: “Our new state-of-the-art factory sets new standards in India. This investment will result in better quality opportunities for our customers. In other words, we will be helping the Indian pharmaceutical industry to achieve its own growth objectives.”
The new plant in Jambusar has 20 production lines for ampoules and 16 for vials, with scope for further expansion. Its fully automated production process uses high-end robotic feeding technology for tube-loading as well as high-precision camera inspection systems. World market leading SCHOTT FIOLAX® tubes are used as base material. The facility is India’s first pharmaceutical packaging plant meeting global standards with an ISO 15378 certification. This underlines the company’s commitment to the international GMP (Good Manufacturing Practice) standard.
“KAISHA’s deep market knowledge about India and SCHOTT’s world class technology create a perfect partnership,” emphasizes Prof. Udo Ungeheuer, Chairman of the Board of Management of SCHOTT AG. “The SCHOTT group is highly committed to its pharmaceutical business. Our continuous investments in India demonstrate our ambition. More than one hundred years of experience in setting the world’s highest technology standards turn us into the ideal partner for India’s ambitious and fast growing pharmaceutical industry,” he adds.
Well positioned in India’s growing pharma market
According to several studies, the pharmaceutical market in India is expanding by approximately 14 to 17 percent per year. Expansion will continue to be driven by demand from India’s prospering middle class. The government also supports this development financially: It plans to set up a 639 million US$ venture capital fund to boost drug discovery and strengthen the pharmaceutical infrastructure.
The packaging market is expected to grow in line with the overall pharma market by about 11 percent annually. SCHOTT KAISHA is confident of exceeding overall market growth also in the future. The Indo-German company offers a complete range of primary tubular glass packaging: Products comprise ampoules, vials, cartridges for pen and auto injectors as well as sterile pre-fillable glass syringes. Since its formation in 2008, SCHOTT KAISHA has achieved steady, profitable growth. As a result, the 50:50 joint venture today employs about 1,600 people in its plants in Daman and Jambusar and its Mumbai office.