Visitors at a conference to seek providers for supporting industries held by the HCM City Department of Industry and Trade on September 11. VNS File Phto/Viet Nam hoinhap Magazine. Representatives of local firms said at a recent conference on the supporting industry held in HCM City that their companies had joined global supply chains and were seeking opportunities to expand their overseas markets. The conference was held to provide opportunities for local and foreign firms to look for manufacturers of components for products in the fields of electronics, automation, motorbikes, automobiles, and health care. Nguyen Kim Chai from Hanel Vietnam said his company had supplied products to the Japanese market for more than 20 years. The products include components and spare parts for electrical transformers, household electronic equipment, automobiles and telephones. To act as a supplier for … [Read more...] about More local firms join global supply chains
Global value chain
10.31am GMT Late reaction I asked Martin Taylor, managing director of plastic packaging manufacturer Sharpak, whether he felt the supermarket industry was driving innovation in packaging. Not surprisingly he told me his clients were: "Committed to reducing food waste and they realise that packaging plays a large role in ensuring food is maintained at the highest quality. Without the support of the retail industry we would not be able to manufacture meat packaging which has the potential to counteract the large scale waste of food across Britain." For those interested in how packaging is evolving, Sharpak says they are focussing on developing anti-microbial packaging, which "eradicates the harmful surface bacteria present on raw meat products". He said: “The packaging industry must demonstrate exactly how it can drive home the importance of reducing food waste. For example, offering packaging which enables consumers to reseal their fresh meat products will drastically … [Read more...] about Why do we still waste so much food at home?
New Delhi: Oravel Stays, the parent company of hospitality chain Oyo Hotels & Homes, has set up two joint ventures (JV) in India, with an entity - SB Topaz - controlled by its largest backer, SoftBank. Of the two JV entities - Mountainia Developers and Hospitality Pvt Ltd and MyPreferred Transformation and Hospitality Pvt Ltd - the former has been set up to acquire hotels-related real estate assets, ranging from land parcels to fully-developed properties, according regulatory filings accessed by paper.vc. “According to specific provision of the shareholder agreement dated April 17 indicate that Oyo and SoftBank are acting as joint venture partners to identify and acquire real estate assets in the hospitality sector. The agreement has clear provisions governing the sale of such assets as well," a research note from paper.vc stated. The second JV, MyPreferred Transformation and Hospitality, is engaged in the business of renovation and refurbishment of hotels and other … [Read more...] about Oyo parent Oravel sets up 2 JVs with SoftBank’s SB Topaz
A book store inside Shinsegae Department Store’s Centum City branch in Busan (left) and Lotte Department Store’s high-end home appliance select shop in Gangnam District, southern Seoul (right). [SONG BONG-GEUN, LOTTE DEPARTMENT STORE]Korea has not been spared from “retail-ageddon,” the global phenomenon where brick-and-mortar establishments are going out of business because of the loss of footfalls due to online competition, but department stores seem to be the exception, as they redouble their efforts to get consumers through the door.According to recent performance reports, Shinsegae Department Store’s operating profit in the third quarter came in at 66 billion won ($56.5 million), a 12.2 percent on-year rise. The strong results came despite a fall in sales after the closure of the outlet at Incheon International Airport.Lotte Department Store’s third-quarter operating profit was up 16.8 percent on year to 104.1 billion won. The results, with … [Read more...] about Department stores manage to defy the retail rout
Editor’s note: James Altucher is an investor, programmer, author, and several-times entrepreneur. His latest books are I Was Blind But Now I See and40 Alternatives to College. Please follow him on Twitter @jaltucher. People read TechCrunch because they want to create something, they don’t want to follow orders all of their lives, and they want financial freedom. I’m being blunt. The above three items feel good. God bless you. Hopefully once you get the three things above, you get to keep them. Most people (i.e. ME) have to ride a roller coaster for awhile because we are stupid. But some people are smart. Getting the things you want is hard but for reasons I explain below, you now have no other choice. The myth of corporate safety, of rising up through the ranks, of getting the gold watch, of getting applauded by your peers is over. Not because the economy is bad. But because innovation and the global economy are better than … [Read more...] about 10 Reasons Why 2013 Will Be The Year You Quit Your Job