Output augmenting – Resource KT http://resourcekt.co.uk/ Tue, 21 Jun 2022 01:13:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://resourcekt.co.uk/wp-content/uploads/2021/03/cropped-icon-32x32.png Output augmenting – Resource KT http://resourcekt.co.uk/ 32 32 Restricted devolution of fiscal power https://resourcekt.co.uk/restricted-devolution-of-fiscal-power/ Tue, 21 Jun 2022 00:58:34 +0000 https://resourcekt.co.uk/restricted-devolution-of-fiscal-power/

The seven provinces of Nepal presented their fiscal bills (budgets) for the next fiscal year starting mid-July at their respective provincial assemblies last Wednesday. The cumulative allocation of 305.46 billion rupees is only about 17% of the budget of 1,794.83 billion rupees which is in the process of being ratified by the federal parliament. June 25 in their municipal/rural assemblies. Policies and programs normally form the basis of budgets.

Local units, with the exception of a few large urban municipalities, depend almost entirely on formula-based fiscal transfers in the form of grants and revenue sharing, primarily from the federal treasury and, to some extent, provincial treasuries. Their own income contributes only marginally to their income. Nevertheless, a local unit receives at least Rs 150 million in the coming financial year from the higher level of government. The continuation of such a top-heavy allocation practice is a clear revelation that the devolution of fiscal power to subnational governments or the implementation of fiscal federalism, in the true federal spirit, is severely restricted.

Chronic conditions

The budgetary practice of provincial and local governments over the past five years of their existence has neither reflected the federal spirit of fiscal independence nor shaken the chronic malaise of Nepal’s budgetary system. Capital expenditure allocation in Nepal’s national budget has barely exceeded 25% of total funding over the past two decades. According to the latest economic survey published by the Ministry of Finance, the investment budget allocation, even at the local level, represents less than 40% of their total budget. This defeats the very purpose of federalism with substantially empowered local government expected to deliver services to the people at their doorsteps by spending most of the funds on development and non-recurring expenditures.

The disconnect between policies and programs and budget allocation has now extended down to the local level. Local government budgets have also become victims of ritualism, cheap populism and cut-price disbursements. The most problematic feature of local and provincial fiscal governance is no longer the scarcity of financial resources, but rather a glaring absence of absorptive capacity and a lack of accountability where significant expenditures have been made. In fiscal year 2021-22, total local government capital expenditure amounted to 56.6% of the capital allocation, while at the provincial level it was 64.6%. The previous year, it was even less, 46.2%, at the local level. The projects to be implemented by local governments are mainly small in size and in the interest of direct users. As such, spending the full capital allocation is an ideal possibility. For the new set of elected local executives for the next five years, a much improved level of capital spending must add to their budget execution plan.

Undoubtedly, this imperative can only be met with adequate political will, the requisite expertise in budget formulation and a thorough understanding of the problems associated with low capital expenditure. Provincial budgets presented last week were glaringly lacking in corrective action even though it was the fifth and final budget presented by the current set of elected executives, as provincial assembly elections are due in less than a month. a year. Newly elected leaders at the local level certainly need to demonstrate their understanding to find ways to improve fiscal governance in general and increase capital spending in particular to better meet the development needs of their constituents.

Low expenses

At the local level, the challenge of formulating a budget generally in an acceptable format persists. Local governments depend almost entirely on the amount of the windfall grant rather than rooting the budget in their own predictable sources. Budgeting freedom is therefore limited and it is still possible that even the amount allocated to supply-driven projects will be difficult to spend compared to demand-driven projects.

Legally, the deputy chief of each commune is the coordinator of the local revenue advisory committee. In practice, this is akin to the “minister of finance” at the municipal level. However, this arrangement failed to deliver the goods in the same spirit and yield. The gap between the knowledge of public finance management of the elected deputy mayor (vice-president in rural municipalities) in particular and the role assigned to them by the 2017 law on intergovernmental fiscal arrangements is glaring.

Another reason for low capital expenditure is the lack of institutionalization of the process from project identification to budget allocation. Projects are often selected on the basis of personal political interest without any cost-benefit analysis. Other project preparation parameters like a Detailed Project Report (DPR), project implementation, Environmental Impact Assessment (EIA), land acquisition plan and project approval. Felling of trees is rarely taken into account before allocation. The practice of creating a bank of projects is still a chimera even at the centre, and even less so at the local level.

Confusion over public procurement is a critical factor contributing to the low level of local government capital expenditure. The law directly related to public procurement, even at the local level, is the Public Procurement Act 2007. It went through 11 supposed changes to make it usable even for local groups, but failed to make the process any easier.

The highly centralized mindset of conducting government procurement under one federal law is proving counterproductive. If the idea of ​​applying this law by force even at the local level is the efficiency of mobilizing resources, reducing costs and improving transparency, the federal authorities have not understood that this can best be done by making the provincial and local levels responsible and accountable within their respective jurisdictions according to laws or mechanisms such as public hearings designed and implemented by themselves. Now is the time for local governments, when visioning and scoping their next five-year term, to consider these factors in their development plans and budget allocation. New leaders must dare to think outside the box for the better.

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Mountain farmers turn to aromatic crops https://resourcekt.co.uk/mountain-farmers-turn-to-aromatic-crops/ Sun, 19 Jun 2022 05:42:00 +0000 https://resourcekt.co.uk/mountain-farmers-turn-to-aromatic-crops/
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Booming Business: Villagers Harvest Lavender at Tipri in Bhaderwah, Jammu | Arvind Jain
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Booming Business: Villagers Harvest Lavender at Tipri in Bhaderwah, Jammu | Arvind Jain

IT WAS DUSK. We had traveled for almost six hours from Jammu and reached Bhaderwah, an area of ​​low hills and picturesque valleys. With the weather a huge improvement from the Delhi heat, we rolled down our windows. And suddenly a heady floral scent hit us. Looking outside, we beheld a tiny patch of land, shrouded in mauve, the color contrasting sharply with the green hill beside the highway.

We stopped the car and got out to be greeted by a beaming Om Nath, who was carrying a five-litre jerry can. Nath is one of many subsistence farmers in the area who are smiling despite this year’s drought. The jerrycan contains freshly extracted lavender oil, which will easily earn him 50,000 rupees. He is so glad to have given up growing maize, which brought him barely Rs 4,000 per harvest (although the meager harvest was mostly consumed by the family themselves).

There is a purple revolution underway in the region, aided by the Union Government’s Aroma Mission, which aims to inject scientific research and development into the cultivation of aromatic plants (from which valuable essential oils are extracted). ) such as lavender, rose, lemongrass. , rosemary and wild marigold. The Center for Scientific and Industrial Research (CSIR), through its various institutions across the country, is the spearhead of the mission. The Indian Institute of Integrative Medicine, Jammu is the nodal institute.

Lavender was introduced to the Kashmir Valley decades ago, said Sumit Gairola, Nodal Scientist for Aroma Mission. However, its cultivation was limited to a few plots and it did not take off in a big way. “In 2010, we took the harvest out of the valley. We had developed a variety, RRL12, after three decades of research and were ready to introduce it to Doda and Bhaderwah.

As lavender is not native to India, scientists worked on imported varieties as well as varieties native to the valley, combining and recombining favorable traits in their Petri dishes (such as high oil yield, better oil quality, better resistance to Indian climates), until they had developed a line that they were ready to take from their research gardens to larger farms. The work is slow and meticulous. With each new combination of genetic traits, scientists have to wait for the plant to mature and flower before they can extract the oil and confirm if it is of the quality they had hoped for. At each stage, they work on two or more combinations, then discard the worst ones.

By 2015, around 20 farmers in the region had tentatively agreed to try the new crop. In 2017, however, when the government launched Mission Aroma, the initiative gained momentum. There was now a Center interest in encouraging culture. Jitendra Singh, Union State Minister for Science and Technology, said there is a misconception that startups are only about IT when there is so much potential for startups agriculture, and that the aromatic domain was totally unexplored. “Scientists are contributing to this business by developing lines that generate quality products and can increase revenue many times over. These young people who started growing lavender very early on are already success stories. Aromatics will also attract technically skilled people to leave city jobs and move into growing and processing startups.

Tackling farmers’ reluctance first required constant effort and awareness. “We didn’t want to replace fields with high food yields; instead, we focused on marginal farmers, who had low food harvests,” Gairola explained. Last year, this belt produced about 8,000 liters of oil. This year, the expectation is much greater. Oil quality also improves, from around 1.8% of the flower’s fresh weight to 3%. Currently, 500 farmers grow lavender. Lead scientist VP Rahul recalls the time when scientists walked around with cuttings, imploring farmers to try them. Today, there are fights during sapling campaigns, and farmers even collect stems that fall to the ground.

A lavender plant lasts 10 to 15 years and begins to produce in its first year. Propagation, Gairola said, was done by cuttings to ensure the quality of the crop. Thus, the line propagated in India is seedless. With seed propagation, which is reproductive, desired traits can become diluted or lost over generations. Vegetative propagation is a non-reproductive method, in which there is no mixing of germplasm, so the traits remain the same, from generation to generation.

Lavender requires minimal inputs. It can grow even in drought years and only needs farmyard manure. Like most aromatics, it is pest resistant. In one field, we saw sheep grazing on the grass, but without touching the fragrant lavender plants.

The next day we reached Tipri, a remote village that has no road to get there. The only way to get there is on foot, a journey that can take around an hour, along treacherous paths. Once there, however, the ardor of the journey was forgotten as we gazed down entire hillsides draped in fragrant lavender, the hum of a myriad of honey bees lending music to the sight. “We are the first village to be almost 100% into lavender cultivation,” said the sarpanch, Om Raj. “Last year, we obtained three quintals of oil. Prosperity will change the lives of our farmers. He showed us a small plot of maize, where the crop had shrunk. The fields here are rainfed and the drought was severe. The harvest was on, the women were busy cutting the flower stalks with their sickles. “I will definitely demand a new piece of jewelry this year,” said a young girl. This is the first lavender harvest for his family, and they are delighted. If it rains well, there may also be a post-monsoon mini-harvest.

Already, there are local successes. Farmer Kunjlal Bhagat was among the first to switch to lavender. Today, he maintains a nursery with about three lakh plants. Farmer Bharat Bhushan, who converted in 2010 and was called a crackpot, is now an award-winning farmer and local celebrity.

The flowers are collected in sacks and transported on mules to the various distillation units that CSIR has set up in the region. “Until recently, we used to bring a mobile unit from Jammu for distillation. This year we have set up 11 units,” Rahul said.

The flower harvest is introduced into the unit, each cycle can carry about 500 kg of flowers. The units are wood-fired and the oil is extracted by boiling and distillation. Extraction is best when the flowers are fresh cut, and we have seen farmers booking their slots for the next few days. The harvest season will continue for about a fortnight. The team of scientists working on the project are young and enthusiastic and spend as much time in the large fields as they do with their petri dishes and distillation facilities. There are constant learnings in the field. “Product quality can also be affected by field conditions. We once had a farmer who had a small patch of garlic near his lavender field. Garlic and onion have strong smelling compounds like allicin, which can impact the quality of a crop like lavender, which is grown for fragrance,” Rahul said.

In a patch of lavender, he noticed a lot of caterpillars. Although the crop is largely pest resistant, this year, being a drought year, only this plant thrived in the fields. It attracts stubborn pests. “Don’t fertilize the fields with fresh cow dung; it’s full of pests,” Rahul advised the farmer who was a bit worried that his flowers weren’t as colorful as the others due to the pest attack. “Use treated farmyard manure instead.”

Most of the oil is currently purchased by a family of local industrial farmers, the Bagbans, who then resell it to dealers across the country. “Farmers want immediate gratification for their produce, and it’s important that they get paid immediately. So their interest in growing lavender continues,” said Touqeer Bagban, 35. However, Bagbans alone cannot support the growth of the industry and more players need to step in. This year, the government launched a publicity campaign to attract industry representatives from all over India. For the business to thrive, there must be product awareness and constant demand. If processors buy crops in advance, as they do for potatoes, farmers are guaranteed a stable income.

Lavender oil is used in perfumery, cosmetics and therapy. It has a calming effect and is an anti-stress. Bulgaria and France are the main producers, and almost all the lavender oil used in India is Bulgarian, at 08 per litre. In India, the price is Rs10 per litre. Lowering the price can affect farmers. “We need to create awareness of the superiority of our product and develop a niche market,” Baghban said. “Otherwise, surviving in a competitive market will be difficult.”

The distillation of lavender oil has two by-products. One is marka, or waste flowers and stems after extraction. They are fragrant and can be used to make incense sticks. The other is hydrosol, or lavender-scented water, which can be collected by the gallon. It makes room sprays, bathroom deodorizers and body sprays. Even the dried stems of lavender flowers have a good market, as they retain their fragrance for two years.

Thus, the work of scientists did not end with the introduction of cultivation into the valley. In the next step, they will work to maximize the production of by-products. “There is potential for increased income from lavender cultivation; this is just the beginning,” Rahul said. CSIR hopes to introduce the crop to states with similar climatic conditions, from Himachal Pradesh to Arunachal Pradesh.

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The global automotive turbocharger market will be driven by the increasing deployment of automotive turbochargers to improve fuel efficiency during the forecast period 2022-2027 https://resourcekt.co.uk/the-global-automotive-turbocharger-market-will-be-driven-by-the-increasing-deployment-of-automotive-turbochargers-to-improve-fuel-efficiency-during-the-forecast-period-2022-2027/ Wed, 15 Jun 2022 07:38:59 +0000 https://resourcekt.co.uk/the-global-automotive-turbocharger-market-will-be-driven-by-the-increasing-deployment-of-automotive-turbochargers-to-improve-fuel-efficiency-during-the-forecast-period-2022-2027/

Expert Market Research‘s new report titled ‘Global Automotive Turbocharger Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global Automotive Turbocharger market, assessing the market based on its segments such as Types fuel, vehicle types, technologies, components and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

Get a free sample report with table of contents: https://bit.ly/3QdQBDo

Key highlights of the report include:

Market Overview (2017-2027)

  • Historical market size (2021): around 11 billion USD
  • Forecast CAGR (2022-2027): 10%
  • Forecast market size (2027): around 20 billion USD

Growing global concerns over environmental degradation resulting from toxins released from vehicle fuel combustion have driven the growth of the automotive turbocharger market. Turbochargers are considered an effective and efficient option for keeping internal combustion (IC) engines cleaner, reducing cylinder displacement volume, and reducing the volume of fuel required, thereby reducing vehicle exhaust emissions. Additionally, stringent regulations imposed by government agencies have prompted automakers to incorporate automotive turbochargers, which is another factor contributing significantly to the growth of the market. As the demand for passenger cars increases, the use of automotive turbochargers is also increasing, which is fueling the expansion of the market. The market is also expected to increase owing to the development of fuel cell car turbochargers to improve power output efficiency and supply clean air to fuel cell batteries.

Industry definition and segmentation

An automotive turbocharger is a turbine driven forced induction device that increases the efficiency of the internal combustion engine.

Read the full report with table of contents: https://bit.ly/3t9ZcgK

On the basis of fuel type, the market can be split into:

Based on vehicle type, the market can be segmented into:

  • Particular Cars
  • Light commercial vehicles
  • Heavy duty vehicles
  • Others

The market, based on technology, can be categorized into:

  • Variable Geometry Turbocharger (VGT)
  • wastegate turbocharger
  • Electric turbocharger
  • Twin turbocharger
  • Two-stage turbocharger
  • Two-stage parallel turbocharger
  • Twin-scroll turbocharger
  • Floating turbocharger
  • Twin axle turbocharger

On the basis of components, the market can be categorized into:

  • Lodging
  • Compressor
  • Turbine

Regional markets for the product include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market trends

The growth of the global automotive turbocharger market can be associated with the emergence of electronic turbochargers that deliver more power and better fuel efficiency by eliminating turbo lag and can produce torque at low rpm. Unlike the conventional turbocharger, electric turbochargers present fewer technical challenges, which makes them user-friendly, and also result in less maintenance and cooling oil requirements, thus increasing the overall market growth. Additionally, the ability of turbochargers to improve fuel efficiency amid soaring fuel prices in various countries is further bolstering the growth of the automotive turbocharger market. The considerable success of both types of fuel engines is driving the demand for turbocharged motor vehicles.

Main market players

Major market players include Continental AG, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., BorgWarner Inc., Cummins Inc., and BMTS Technology GmbH & Co. KG, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports and advisory services to our clients. We serve a large clientele ranging from Fortune 1000 companies to small and medium-sized businesses. Our reports cover over 100 industries in established and emerging markets researched by our trained analysts who track the latest economic, demographic, business and market data globally.

At Expert Market Research, we tailor our approach based on the needs and preferences of our clients, providing them with valuable, actionable and up-to-date market insights, helping them realize their optimal growth potential. We offer market intelligence across a range of verticals including Pharmaceuticals, Food & Beverage, Technology, Retail, Chemicals & Materials, Energy & Mining, Packaging and agriculture.

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Middle East and Africa Dairy Protein Market: https://www.digitaljournal.com/pr/middle-east-and-africa-dairy-protein-market-to-be-drive-by-the-global- dairy-protein-market-at-forecast-period-2021-2026-2

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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

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Programmable Logic Controllers (PLC) Market – Growth, Trends, Impact of COVID-19 and Forecast (2022) https://resourcekt.co.uk/programmable-logic-controllers-plc-market-growth-trends-impact-of-covid-19-and-forecast-2022/ Mon, 13 Jun 2022 16:48:00 +0000 https://resourcekt.co.uk/programmable-logic-controllers-plc-market-growth-trends-impact-of-covid-19-and-forecast-2022/

ReportLinker

Global Programmable Logic Controller (PLC) Market (hereafter referred to as the market studied) was valued at USD 12.04 Billion in 2021, and it is projected to reach USD 15.79 Billion by 2027, registering a CAGR of 4.

New York, June 13, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Programmable Logic Controller (PLC) Market – Growth, Trends, COVID-19 Impact and Forecast (2022 – 2027)” – https: //www.reportlinker.com/p06062818/?utm_source=GNW
56% during the period 2022-2027 (hereafter referred to as the forecast period).

Highlights
The deployment of PLC systems allows for the identification and rectification of errors and can initiate rapid responses even without human intervention. As a result, these automated PLC systems are estimated to help reduce machine downtime from 20% to nearly 4%.
The studied market is strongly impacted by industrial production and investments channeled towards computers and software. These PLC systems have traditionally been the foundation of process automation and the discrete factory. The growing adoption of Industry 4.0 in industry verticals has increased the market studied.
A major growth indicator for programmable logic controllers in the discrete manufacturing sectors is the amplified deployment of robots in the automotive, electrical, and electronics manufacturing industries.
Additionally, the growing demand for improved control, secure connectivity, and enhanced performance has driven PLC manufacturers to leverage IIoT technologies, such as machine-to-machine communication, smart sensors, industrial cloud, and cybersecurity. . Additionally, to accommodate advanced functionality, cost effectiveness, and interoperability, API manufacturers have started innovating and integrating conventional API systems with modern and contemporary technologies. Additionally, growing demand from North America, competing with the Chinese and European markets, is creating a considerable market for powerline adapters in the region.
With an increasing number of I/O points in industry, there is a growing preference for DCS over PLCs due to the limited number of I/O points in a PLC system.
For example, in process industries, such as chemicals, pulp and paper, and power generation, a PLC can only operate with a few hundred I/O points. The DCS can easily handle over a thousand I/O points.
The demand for automation equipment in industry is mainly driven by the growing need to improve worker productivity and safety. The COVID-19 outbreak has spurred demand for automation and is expected to increase in the long term, primarily to address labor shortages and rising costs.

Main market trends

Hardware and software segments hold the largest market share

Various industrial and civil applications include power, chemical, metallurgy, power, transportation, hydropower, coal, textile, food, pharmaceuticals, smart buildings and network monitoring, among others. Industries that are at the forefront of implementing automation control solutions have already moved from using relay control panels to large, high-end PLCs capable of handling complex tasks. With the growing demand for larger data memory, higher processing speeds, fewer additional modules, and more integrated features, such as motion control and PID loops, the adoption of large, high-end modular controllers is on the rise.
Given production trends in discrete industries, such as automotive and electronics, and their investments in new establishments, large PLCs are expected to grow moderately over the forecast period.
Like large automata, small automata are well suited to handle complex sequencing functions. However, the trade-off between these two devices is cost and size. The I/O module expandability for these devices is limited to one or two modules, and it uses a logic instruction list or ladder diagram as its programming language.
In response to market demands, many features and functions are now provided by low-end PLCs. Additionally, it is expected that small PLCs will continue to evolve to include many features associated with higher-level PLCs, while at the same time, mid-level and high-end PLCs will begin to offer PLCs. smaller, more compact and personalized. solutions tailored to user needs.
Additionally, the need for high-voltage control devices has led nano-PLCs to become a popular choice among discrete industries and small industries. For example, fixed nano-PLCs are used in electronic applications, such as converters, inverters, and other basic controllers, due to the ease of high-voltage control. Additionally, the ability to perform a single set of tasks with superior reliability and performance except under real-time stress, coupled with their ability to withstand extreme temperatures, humidity, vibration, and electrical noise , proliferate the growth of programmable logic controllers in several industrial applications.

Asia-Pacific will hold the largest market share

The Asia-Pacific region holds the largest market share and is also expected to register the highest growth.
The manufacturing sector is an important part of China’s economy, which is undergoing rapid transformation with the recent growth of IIoT due to the rise of Industry 4.0 in manufacturing industries globally. This large-scale transformation has placed the country in one of the leading positions in the global PLC market.
Recently, China released several industrial policies as part of its advanced manufacturing campaign. The guidelines support the country’s goal of becoming a high-tech superpower over the next quarter century. For example, the Chinese government has pushed for the industrial use of next-generation wireless technology amid a steady stream of directives focused on transforming the country’s manufacturing industry.
Factory automation and the employment of PLC-based systems in India have been boosted by initiatives taken by the Indian government (such as Make in India) to increase the share of manufacturing in GDP. The Indian government aims to increase the share of manufacturing in the Gross Domestic Product (GDP) to 25% by 2022. Thus, manufacturers are likely to incorporate Industry 4.0 and other digital technologies to achieve this goal .
According to India’s Central Electricity Authority, around 50% of the country’s power supply will be generated by renewable energy sources by 2030. The government of the South Asian country has committed to increasing the use of clean energy sources and has already seen linear growth in renewables. energy capacity. At present, India’s highest energy capacity was from thermal power, amounting to an installed capacity of over 234,000 megawatts in March 2021.
Japan also aims to achieve “Society 5.0” by making full use of the action of technological innovation, including IoT, AI and big data, derived from the fourth industrial revolution. To achieve this, the government had announced “Connected Industries” as a new framework in which industries are likely to create new solutions to various societal problems through the connectivity of various parts of modern life, including humans, machines, systems and businesses.

Competitive landscape

The PLC market is very competitive and consists of several major players. In terms of market share, few major players currently dominate the market. These major players who hold a large share of the market are focusing on expanding their customer base across foreign countries. These companies rely on strategic collaborative initiatives to increase their market share and increase their profitability.

February 2021 – FANUC America and Rockwell Automation have officially formed a coalition to launch accelerated work and learning programs designed to develop current and future workers for jobs in advanced manufacturing, robotics and automation. The coalition has developed new learning programs offering opportunities for people to earn degrees that include fundamental robotics (robot operator) and automation (PLC operator). The program offers a second level of accreditation for robot and automaton technicians.
January 2021 – Siemens has entered into an agreement with Britishvolt, to provide access to its electrification solutions, automation and Digital Twin manufacturing execution technology. The initiative would allow Britishvolt to optimize design and efficiency, simulate its processes and production flows before construction is completed and speed up delivery times. Siemens can also provide Britishvolt with its simulation development tools and latest design to reduce the time required for full-scale production.

Additional benefits:

The Market Estimate (ME) sheet in Excel format
3 months of analyst support
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The 2023 AMG C63 tests a 4-cylinder engine at the Nürburgring https://resourcekt.co.uk/the-2023-amg-c63-tests-a-4-cylinder-engine-at-the-nurburgring/ Sat, 11 Jun 2022 19:43:00 +0000 https://resourcekt.co.uk/the-2023-amg-c63-tests-a-4-cylinder-engine-at-the-nurburgring/

The 2023 AMG C63 could be the biggest change ever to the model thanks to an all-new hybrid drivetrain. The familiar Mercedes-AMG V8 is gone and in its place you’ll find a turbocharged 4-cylinder engine complemented by an intelligent hybrid system. Mercedes-AMG is serious about this next-generation 2023 AMG C63 and was recently caught testing a camouflaged prototype at the Nürburgring.

The 2023 AMG C63 ushers in a new era for the Mercedes-AMG team that relied on big-bore V8s for its C63 sports sedan. This new model will rely on a streamlined design consisting of a longitudinally mounted version of the M139 2.0-liter turbocharged inline-four found in the CLA45 and a rear-mounted electric motor.

The 2023 AMG C63’s M139 Inline-4 will use an electric turbocharger setup, which replaces the conventional CLA45 setup. This unique e-turbo completely eliminates turbo lag and improves response over conventional setups. The rear-mounted electric motor supports the boosted inline 4-cylinder and has its own bespoke 2-speed transmission for better high-speed performance.

The combined power of this advanced powertrain is said to be over 500 horsepower (372 kilowatts), but Mercedes-AMG has not confirmed the final figures. We expect this new 2023 AMG C63 to at least match the old car, which topped out at 503 horsepower with its simpler 4.0-liter twin-turbo V8 engine.

The new 2023 AMG C63 uses the latest Formula 1 motorsport technologies to improve performance and reduce emissions, which is very exciting for racing fans. Of course, the older 4.0-litre V8 from the previous car will always hold a special place in Mercedes-AMG history, however, the brand chose to adapt in order to survive.

We expect to see the production-ready 2023 AMG C63 later this year, where we’ll get a first look at the future of German high-powered sports sedans. This Nürburgring-proven sports sedan may have a radical drivetrain, but we expect some of that familiar Mercedes-AMG flair to remain.

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Facial expressions enhance virtual reality for users with disabilities https://resourcekt.co.uk/facial-expressions-enhance-virtual-reality-for-users-with-disabilities/ Fri, 10 Jun 2022 07:32:00 +0000 https://resourcekt.co.uk/facial-expressions-enhance-virtual-reality-for-users-with-disabilities/

AZoSensors talks to Arindam Dey from the University of Queensland and Dr. Mark Billinghurst from the University of South Australia about their research into using facial expressions to navigate virtual reality environments, making the virtual reality more accessible to people with a wide range of disabilities.

Facial expressions have been a topic of interest in virtual reality for over a decade. However, the use of facial expressions as a means of interaction – navigation and manipulation of objects – in virtual reality has never been explored before. Why is it?

Facial expressions in virtual reality have been the subject of research for a long time. However, using facial expressions to enable interactions has been difficult, mainly because most of the face is covered by the VR headset, and therefore many facial features are hidden. So the researchers first had to figure out how they could reliably detect facial expressions with high accuracy. It took researchers a long time to achieve considerable accuracy, and in fact, it’s still a topic of ongoing research.

Image Credit: Shutterstock.com/franz12

However, we now have a sufficiently reliable technology to detect facial expressions, at least some of them, which can be used for various purposes in virtual environments. However, most of the research has used facial expressions to make virtual avatars more realistic, and so far no one has used them for interaction.

One of the reasons for this could be that facial expressions might not be a pleasant method of interaction, and secondly, most people are interested in developing VR technology for able-bodied users, who make up the majority of the consumer market.

One of our research directions has always been to use virtual reality “for good”, and therefore we decided to use facial expressions to allow users who otherwise could not use reality Virtual.

What inspired your research on using facial expressions to influence objects in a virtual reality (VR) environment?

We have always been interested in research “for good” using virtual and augmented reality technologies and how augmented reality and virtual reality can be used to improve people’s lives. We have held several workshops over the past few years on this topic to motivate the research community to present and discuss more research in this direction.

One of the directions of good research is to make these technologies more accessible and inclusive.

A major assumption about VR users is that they will use handheld controllers that come with commercial VR headsets for interaction. We thought of other user groups in the community who cannot use their hands to interact in VR. That’s when we started planning an alternate method of interaction that doesn’t require hands.

Fortunately, around this time, three motivated students (Bowen Yuan, Aaron Goh and Gaurav Gupta) joined our research group at the University of Queensland for their senior year research project, and when we presented the idea to them, they were very excited to make it a reality. With their help, the use of facial expressions for virtual reality interaction has become a reality.

In conventional VR settings, it’s common to use touchpads or handheld controllers to move objects around. Can you provide insight into how your team was able to capture facial expressions used to trigger specific actions in VR environments?

We used an EEG device manufactured by Emotive, which records brain activities through 14 different electrodes. At the same time, this device is capable of measuring certain muscle activities in the face, primarily to detect “noise” or unwanted data in the recorded brain activities.
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Interacting in VR with Facial Expressions

Video Credit: Arindam Dey/YouTube.com

Normally, there are some data processing techniques that are used to remove this noise from the neural data before any analysis is done. However, we used the noise in the data to detect facial expressions. The EEG device provides an interface to achieve this. They call them “smart artifacts.” So when the user clenches their teeth to make other facial expressions, this causes noise in the EEG data, which can be detected and the expression recognized.

We then connected this EEG system to our VR system and used the three chosen facial expressions in the VR environments to interact with them. So, in other words, we did not develop the technology to detect the facial expressions, but we used it in a novel way in the VR system for the first time to enable interaction with facial expressions. More technical details of this interface are available in the paper.

Can you provide some examples of certain facial expressions and what actions they enabled in the VR settings?

There are seven different facial expressions that the EEG device can detect. We used only three of them – smile, frown and clench. The smile was used to start moving, and the frown was used to stop movement.
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The clench was used to perform certain actions in the environment, such as picking up objects or shooting zombies. For example, in VR, a user could smile and would begin moving forward in the direction that they are looking and then frown to stop moving.
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Using Facial Expression to Enhance Virtual Reality for Disabled Users.

Image Credit: Shutterstock.com/ G-Stock Studio

The main reason for using these three expressions was that we found they are more reliably and accurately detected by the EEG system when wearing the headset, and users also found them easy to perform. 

How did you measure the efficacy of your facial expression-based method? What were the three virtual environments that you used?
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We ran a user study to measure the performance of the facial expression-based method compared to a traditional hand-held controller-based method. The primary measures were neural activities, physiological signals such as electrodermal activity, usability and the sense of presence or immersion in VR.
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We used three different environments eliciting three different types of emotions. A happy environment exposed the participants to a bright open field with many butterflies flying around them. They had to catch the butterflies using a net. A neutral environment placed the participants in a bright warehouse where they had to pick up objects from the shelves. In the scary environment, the participants were placed in a dark warehouse with many zombies attacking them and they had to survive by shooting (eliminating) the zombies. All of these environments had appropriate sound effects.
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Our results indicated that, in general, the controller-based method performed well, but participants felt more immersed in the VR environments when they used the facial expressions.

It should be noted that our goal was not to prove that facial expressions were better than hand-held controllers for interacting with VR, but it was to test the viability of facial expressions as an interaction method.

This is because it will give a group of users the ability to use VR that was otherwise not possible for them.

Now that we have proven the viability, in the future, we want to improve the facial expression-based interaction so that it is more comparable to the traditional methods but with more advanced and less cumbersome technologies.

Did you come across any challenges during your research, and if so, how did you overcome them?
[if–>

The main challenge was the pandemic. It restricted the use of lab facilities, and when we were ready and allowed to run the user study, we had to follow strict health and safety guidelines. Needless to say, finding participants to try our systems was also a challenge, as people were skeptical about stepping outside and using shared equipment, which is understandable.
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Technically, there were some challenges in terms of connecting the EEG device and the facial expressions to the experimental system that we developed. 
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In terms of usability, how does using facial expression compare to conventional controllers?

In terms of usability, fully-abled people found it harder to make facial expressions for input compared to using a traditional hand-held controller. Compared to using buttons on a controller, which is recognized every time, facial expression recognition has its flaws.
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However, for people who cannot use a hand-held control, our system gives them an ability that they did not have before.

At present, it is difficult for disabled people to interact in a VR environment. How will your facial-expression-based method make VR more inclusive to amputees or those with motor neuron disease, for example?

As previously mentioned, our goal was not to revolutionize VR but instead to make it a more inclusive environment. If people have control over their facial expressions, they will be able to use our system to interact in VR.

In this way, we are making VR more accessible for people with a wide range of disabilities.
[if–>

Are there any applications for this facial recognition technology beyond the entertainment industry?
[if–>

Our technique could be used in many different VR applications, not just for gaming and entertainment. For example, the technology could be used for VR training experiences or social VR experiences. Basically, any VR application that uses simple movement or interaction could be adapted for our system.

What are the next steps for your research?

There are many next steps that we could take. We need to test the system with disabled people to see how usable it is for them. Until now, we have only been able to test the technology with fully-abled people.

We would also like to explore methods for facial recognition that are faster and more usable than the current technique. For example, we could use fewer EEG sensors or other sensors like EMG to measure muscle movements. There are many exciting directions that this research could go in.

About Arindam Dey

Arindam Dey is a computer scientist on a mission to make Metaverse (AR/VR) better and more inclusive for users in various ways. He is currently an Honorary Academic at the University of Queensland. Until February 2022, he was a Lecturer at the University of Queensland’s School of ITEE, primarily focusing on Mixed Reality, Empathic Computing, and Human-Computer Interaction. He co-founded and directed Empathic XR and Pervasive Computing Laboratory. He believes in designing solutions for users and putting users ahead of the technology accordingly. Most of his work involves user research and statistics.

Before joining the University of Queensland, he was a Research Fellow at the Empathic Computing Laboratory (UniSA), working with one of the world leaders in the field of Augmented Reality Prof. Mark Billinghurst between 2015 and 2018. Mark’s pioneering work in the field of Empathic Computing has directed him to this enticing research area of utilizing emotion and cognition in the extended reality (XR) interfaces. Earlier, he held postdoctoral positions at the University of Tasmania, Worcester Polytechnic Institute (USA), and James Cook University.

About Prof. Mark Billinghurst

Prof. Mark Billinghurst has a wealth of knowledge and expertise in human-computer interface technology, particularly in the area of Augmented Reality (the overlay of three-dimensional images on the real world).

In 2002, the former HIT Lab US Research Associate completed his Ph.D. in Electrical Engineering, at the University of Washington, under the supervision of Professor Thomas Furness III and Professor Linda Shapiro. As part of the research for his thesis titled Shared Space: Exploration in Collaborative Augmented Reality, Dr. Billinghurst invented the Magic Book – an animated children’s book that comes to life when viewed through the lightweight head-mounted display (HMD).

Not surprisingly, Dr. Billinghurst has achieved several accolades in recent years for his contribution to Human Interface Technology research. He was awarded a Discover Magazine Award in 2001 for Entertainment for creating the Magic Book technology. He was selected as one of eight leading New Zealand innovators and entrepreneurs to be showcased at the Carter Holt Harvey New Zealand Innovation Pavilion at the America’s Cup Village from November 2002 until March 2003. In 2004 he was nominated for a prestigious World Technology Network (WTN) World Technology Award in the education category and in 2005, he was appointed to the New Zealand Government’s Growth and Innovation Advisory Board.

Originally educated in New Zealand, Dr. Billinghurst is a two-time graduate of Waikato University, where he completed a BCMS (Bachelor of Computing and Mathematical Science)(first-class honors) in 1990 and a Master of Philosophy (Applied Mathematics & Physics) in 1992.

Research interests: Dr. Billinghurst’s research focuses primarily on advanced 3D user interfaces such as:

  • Wearable Computing – Spatial and collaborative interfaces for small portable computers. These interfaces address the idea of ​​what is possible when you merge pervasive computing and on-body communications.
  • Shared Space – An interface that demonstrates how augmented reality, the superimposition of virtual objects on the real world, can radically improve face-to-face and remote collaboration.
  • Multimodal Input – Combination of natural language and artificial intelligence techniques to enable human-computer interaction with an intuitive mix of voice, gesture, speech, gaze and body movement.

Disclaimer: The opinions expressed here are those of the respondent and do not necessarily represent the opinions of AZoM.com Limited (T/A) AZoNetwork, the owner and operator of this website. This disclaimer forms part of the terms of use of this website.

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World Bank warns Philippines of inflationary storm, uneven growth and slowing debt https://resourcekt.co.uk/world-bank-warns-philippines-of-inflationary-storm-uneven-growth-and-slowing-debt/ Wed, 08 Jun 2022 07:50:00 +0000 https://resourcekt.co.uk/world-bank-warns-philippines-of-inflationary-storm-uneven-growth-and-slowing-debt/

The Philippine economy is recovering, but the poor are struggling to climb out of the pandemic chasm

MANILA, Philippines — As the Philippine economy emerges from the pandemic, not everyone is feeling the recovery amid a storm of inflation, mounting public debt and other global uncertainties.

The World Bank said Wednesday (June 8) that the Philippine economy is expected to grow 5.7% in 2022, among the highest in Asia, but noted that external risks could shape the local economic landscape.

Ndiame Diop, World Bank country director for the Philippines, pointed to geopolitical uncertainty caused by Russia’s invasion of Ukraine, tighter global financial conditions and weakening growth in traditional trading partners of the Philippines as the United States and China as among the headwinds for the economy.

Diop added that the Philippines will need to reduce its budget deficit and debt to ensure fiscal sustainability.

The country’s debt is expected to cross the 13 trillion peso mark in 2022. President Rodrigo Duterte’s economic team led by Finance Secretary Carlos Dominguez III has already proposed a fiscal consolidation plan to President-elect Ferdinand Marcos Jr.

“In the context of shrinking fiscal space, authorities can encourage public-private partnerships to support improvements in the country’s infrastructure assuming that the financial risks to the government are managed and that the quality of services to citizens is guaranteed. “, said Diop.

Kevin Chua, senior economist at the World Bank, said the country’s debt was still manageable so far, with most of it long-term, domestic and denominated in pesos.

Inflation

In May, inflation climbed to 5.4% and analysts warned it had yet to peak. Chua noted that rising prices are holding back consumption and deepening poverty.

The World Bank has estimated that the direct effects of price changes on poverty show that a 10% increase in the world grain price is expected to increase the poverty rate by 1 percentage point, pushing an additional 1.1 million Filipinos into poverty. poverty.

A 10% increase in energy prices, meanwhile, is expected to push the poverty rate up by 0.3 percentage points, which equates to an additional 329,000 Filipinos in poverty.

Chua also noted that smaller businesses have a higher rate of closures, indicating an uneven economic recovery. Sectors like tourism and storage have yet to return to pre-pandemic levels of production and income.

“Authorities should use all available policy tools to fight inflation, including monetary measures to prevent the unanchoring of inflation expectations, and supply-side measures such as importing and lowering tariffs and non-tariff barriers for important commodities to help increase domestic supply as needed, and increased support for agricultural production through extension services, seeds and fertilizers” , Chua said. – Rappler.com

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In the midst of transformation, addressing operational and product portfolio weaknesses: Eveready MD https://resourcekt.co.uk/in-the-midst-of-transformation-addressing-operational-and-product-portfolio-weaknesses-eveready-md/ Sat, 04 Jun 2022 15:03:00 +0000 https://resourcekt.co.uk/in-the-midst-of-transformation-addressing-operational-and-product-portfolio-weaknesses-eveready-md/

Eveready Industries India Ltd. is in the “midst of a transformation” of its business and has taken steps to address weaknesses in its operations and product portfolio, while the battery and flashlight maker expects growth in the next few days, said its management. director Suvamoy Saha.

In the annual report, Mr Saha said: “While operating results have been somewhat disappointing, a good area to highlight is the balance sheet, which has been under pressure in the recent past.

“Actions taken through careful provisioning have now corrected this deficiency,” said Mr Saha who joined Eveready as chief executive in March this year after Khaitains exited.

Saha, the company’s former co-chief executive, was asked to assume the responsibilities of interim chief executive following the resignations of former non-executive chairman Aditya Khaitan and former chief executive Amritanshu Khaitan on March 3, at the following an open offer by the Burman Group for a majority stake in the company.

The Burmese hold a 19.84% stake in Eveready and have already announced an open offer to acquire a further 26% at a price of ₹320 per share.

“Despite the results, I sincerely believe that the company is now on a path to higher levels and is in the midst of a transformation that provides the roadmap. The company has now taken steps to address the weaknesses of its operations and product portfolio,” he said.

According to Saha, work is underway to improve areas such as portfolio growth, communication with consumers and process improvements.

“The companies’ fundamental strengths remain intact – a strong brand, a strong distribution reach and a significantly high market share in the core categories of batteries and flashlights. The company’s management is now solely focused on the leveraging those strengths to deliver results,” he said. added.

Some of the initiatives may need some time to bear fruit, but they are aimed at long-term and sustainable value creation, Saha said.

“I am aware that the growth of the business in the past has been negligible. This is an identified area for improvement. ‘also improve existing operational areas,’ he said.

Everready’s focus will be on growth in the coming days. Its existing battery, flashlight and lighting businesses already offer that opportunity, he added.

The uncertainties caused by the war and the pandemic have led to major supply chain disruptions and significant increases in material prices. Soaring inflation was also an inevitable outcome and the Indian market was affected by these factors.

“A slowdown in demand for FMCG products has been observed in large parts of the market, especially in rural areas. Despite this, the Indian market has remained resilient, with many sectors actually making good progress,” Saha said.

However, he added that some FMCG players were showing reasonable financial results.

“Unfortunately, the same cannot be said for your business. Revenue declined by 3.4% to ₹1,248.76 crore during the year, mainly due to a slowdown in the fourth quarter in the main categories of batteries and flashlights, and also due to the exit of the appliance sector in the second half,” he said.

Eveready’s core business, batteries, experienced an unprecedented cost push, necessitating price increases, which led to market resistance.

“The good news is that the company maintained its market share at 52.8% (AC Nielsen) during this quarter, indicating that the market downturn was an industry-wide phenomenon. In any case, these factors have been taken into account and this seems to bear fruit in the results of the following period. I am convinced that the battery sector will return to a much higher level of turnover and that profitability will not It’s not too distant in the future,” Mr. Saha added.

The flashlight market has been hit quite hard by dumped cheap imports from China and the company has been adjusting its product portfolio to meet market demands and Mr Saha hopes this will help Eveready regain the lost market share.

“The lighting business is a growth area for the company. This activity already accounts for 20% of the company’s total turnover,” he said. “The company is now fully focused on providing the consumer with a range of products that are relevant to them and at prices that offer the best value for money,” Mr. Saha said.

“Our focus will be on growth in the coming days. Our existing battery, flashlight and lighting businesses already offer this opportunity. We have the team and the processes to make this possible. I remain confident that the Future results will justify that confidence,” he said.

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Synthetic leather market set to bring dizzying returns to investors by end of forecast to 2030 – The Greater Binghamton Business Journal https://resourcekt.co.uk/synthetic-leather-market-set-to-bring-dizzying-returns-to-investors-by-end-of-forecast-to-2030-the-greater-binghamton-business-journal/ Tue, 31 May 2022 15:30:32 +0000 https://resourcekt.co.uk/synthetic-leather-market-set-to-bring-dizzying-returns-to-investors-by-end-of-forecast-to-2030-the-greater-binghamton-business-journal/

The global synthetic leather market the size should go from 63.3 billion USD in 2020 at $82.5 billion by 2027, at a CAGR of 4.79% from 2021 to 2027. Global increase in demand for footwear industry products is a key factor propelling the overall market growth. Consisting of a fabric base coated with a synthetic resin, artificial leather is a suitable alternative, which is also increasing its demand in various applications, including fabrics, footwear, garments, upholstery and textiles. others where a leather-like finish is required, and the material is unusable, unsuitable, and prohibitively expensive. Over the past few years the production process has evolved so that the shell coating goes on top of the synthetic polymer blend.

Moreover, the growing scope of application in various segments, such as home furnishings, automotive, apparel, bags, and others, will drive the market growth. Manufacturers have expanded their sourcing, especially turning to Asian suppliers, such as China and Vietnam, due to the abundance of raw materials and the availability of low-cost labor.

However, the global Covid-19 pandemic has adversely affected the synthetic leather market demand due to numerous preventive measures taken by various governments to limit the spread of the disease. This has led to decline in demand and trade of synthetic leather across the world and is expected to negatively impact the growth of the market in the coming years.

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Impact of COVID-19 on the Global Synthetic Leather Market

Asia-Pacific is the largest manufacturer of leather and synthetic leather. The leather industry has been affected by COVID-19 which has opened up opportunities for synthetic leather. According to the Financial Express, industry experts are gradually realizing that the focus should now be on non-leather footwear exports, as non-leather footwear varieties account for 86% of total footwear consumption. This was the observation of a representative sample of domestic shoe manufacturers. Recently, there has been an increase in the demand for synthetic leather from makeshift hospitals and health institutes around the world for beds and furniture for various patients suffering from COVID-19 and other diseases. These beds and other furniture mostly have medical grade synthetic leather upholstery and are antibacterial or antifungal in nature. In the case of the automotive industry, it suffered a major setback as care sales fell in the first half of the year, which indirectly affected the demand for synthetic leather as it is mainly used in manufacturing. car interiors. In addition, the price fluctuation of synthetic leather raw materials has also affected its market.

Global synthetic leather market dynamics

Emerging regional markets, such as China, India, Brazil, Malaysia, Thailand, and Vietnam, are expected to play a major role in the growth of the global market due to strong product demand. The extensive use of the products in the footwear industry in these and several other Asian markets is expected to contribute to the growth of the global industry over the coming years.

How will bio-based synthetic leather sales affect the overall market growth?

With growing demand and strict international regulations to combat animal cruelty, manufacturers are switching from natural leather to bio-based or vegan synthetic leather for the manufacture of shoes and bags.

These new types of leathers are free from any toxic and harmful manufacturing and usage traits and are synthesized from natural fibers like flax or cotton fibers mixed with palm, soy, corn and other plants. .

A new class of plant-based synthetic leather has emerged called “Pinatex”, produced from pineapple leaves. Pineapple leaf fibers have excellent strength and flexibility, which are essential qualities required for leather making. The manufacturing process itself consumes limited resources and thus helps reduce carbon emissions.

Organic leather products have already started to hit the market. For example, Bucha Bio launched plant-based leather, which is entirely lab-produced in July 2021, to push the boundaries towards introducing a sustainable leather alternative that can be used for footwear, clothing, accessories, etc With increasing international pressure to reduce the use of toxic chemicals, these new alternatives may provide a major opportunity for the growth of the synthetic leather market.

You can buy full report @ https://www.marketstatsville.com/buy-now/synthetic-leather-market?opt=2950

Report scope

The study categorizes the type and application based on the Synthetic Leather market regionally and globally.

By Type (Revenue, USD Billion, 2017-2027)

  • PU based
  • PVC based
  • Bio-sourced

By Application (Revenue, USD Billion, 2017-2027)

  • Shoe
  • Furnishing
  • Automotive
  • Clothes
  • Bags, purses and wallets
  • Others

By Region (Revenue, USD Billion, 2017-2027)

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

PU-based leather is the most important type for the synthetic leather market in 2020, by type

PU leather is usually made from PU and different fabrics. It is made by coating a fabric such as polyester or cotton with a soft polymer. Various processes additionally treat it to look like leather made from animal skin. PU based synthetic leather is made using soft polymers; therefore, it does not require additional plasticizers. It offers various advantages, such as being waterproof, light and soft.

In some cases, PU-based leather may tear easily but will not fade or crack in the sun. It is widely preferred in automotive and clothing industries. PU-based leather is considered more environmentally friendly than vinyl-based leather because it does not create dioxins. PU-based leather is more expensive than PVC-based leather due to its extensive manufacturing process.

Asia-Pacific accounts for the highest CAGR during the forecast period

Based on region, the global synthetic leather market has been segmented into North America, Asia-Pacific, Europe, South America, and Middle East & Africa. Asia-Pacific dominated the market, accounting for the peak revenue share of over 42% in 2020. The regional market will grow further at the fastest CAGR from 2021 to 2027. China, India, and South Korea South should be the main income. generate savings in Asia-Pacific. The increase in disposable income coupled with the increase in population will provide many growth opportunities for market players. China is one of the main markets in terms of manufacturing and selling products.

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However, the global pandemic has hurt the country’s manufacturing output. Several manufacturers have shut down or slowed operations to contain the spread of the disease. Limited production in the manufacturing industry due to a halt or slowdown in operations, in-country supply and transportation limitations, and infrastructure slowdown is expected to negatively affect demand for the application’s products end use in the near future.

Main market players

The synthetic leather market is slightly concentrated in nature with few global players operating in the market such as Kuraray Co. Ltd., San Fang Chemical Industry Co. Ltd., Teijin Limited, Mayur Uniquoters Limited, NAN YA plastics corporation , Filwel Co. Ltd., Zhejiang Hexin Industry Group Co., Ltd., Alfatex NV, HR Polycoats Pvt. ltd. and Yantai Wanhua Synthetic Leather Group Co. Ltd. These players have adopted various winning strategies to gain higher shares or retain leading positions in the market.

Request for Report Description @ https://www.marketstatsville.com/synthetic-leather-market

MSG has identified Asahi Kasei, Nan Ya Plastics Corporation, Toray Industries, Teijin Limited, Kuraray Co., Ltd., Daewon Chemical Co Ltd., Kolon Industries Inc., Achilles Corp and Mayur Uniquoters as prominent players in the synthetic leather. They collectively represent more than 30% of the global market share in 2021.

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Pork producers slam EO for extending tariffs https://resourcekt.co.uk/pork-producers-slam-eo-for-extending-tariffs/ Sun, 29 May 2022 16:00:00 +0000 https://resourcekt.co.uk/pork-producers-slam-eo-for-extending-tariffs/

MANILA, Philippines — A government decision to extend reduced tariffs on pork imports until the end of the year will not lower meat prices and may even delay the recovery of the country’s pork industry against African swine fever (ASF), according to the Phils Pork Producers Federation. Inc.

“The entire pork industry is saddened by the issuance of new Executive Order (EO 171) by President Duterte extending low tariffs for pork imports. This will set back efforts to revive the pork industry, as it will certainly affect the confidence of the sector to reinvest to increase production,” Pork Producers President Rolando Tambago told The STAR in a Viber message.

That sentiment was also echoed by National Swine Farmers Federation Inc. President Chester Warren Tan, who said the new EO could discourage hog farmers from getting into production.

EO 171, signed by President Duterte on May 21, extends reduced pork tariffs under EO 134, which was signed last year, aimed at lowering prices and stabilizing supply pork in the country.

EO 134 reduced most favored nation (MFN) tariff rates for pork imports under quota or those below minimum access volume (MAV) to 10% for three months and increased 15% for the remaining months. This is less than the initial rate of 30%.

On the other hand, over-quota pork imports were subject to a customs duty of 20% for the first three months, which was increased to 25% for the remaining months. This is less than the initial rate of 40%.

Under EO 171, the 15% in-quota and 25% out-of-quota pork tariff rates will be extended until December 31.

“While we understand the need for more affordable retail pork prices for consumers, the previous EO 134, which was released in May last year, failed to deliver on its promise of cheaper pork. I am convinced that consumers can expect the same result with this new HE. The government will lose huge potential tax revenue due to tariff reductions without tangible benefits for consumers,” Tambago said.

Based on the latest market monitors from the Department of Agriculture (DA), the prevailing price of pork ham or kasim in Metro Manila markets was P340 per kilo on Friday, while one kilo of pork bell or liempo was 390 P.

The current prices are higher than the price of 350 pesos per kilo of kasim and 380 pesos per kilo of liempo exactly one year ago, based on DA data.

In a report released late last year, the United States Department of Agriculture (USDA) said that although hog prices declined in the months following the issuance of the supplemental MAV and lower tariffs, prices started to rise again in November.

He attributed the rise to several factors, such as high gasoline prices; increased demand around the Christmas holiday season; and policies that have prevented the full use of pork AVM and disruptive meat labeling requirements.

In March, National Economics and Development Authority (NEDA) Undersecretary Mercedita Sombilla said the extra supply due to lower fares and additional MAV had helped drive down the meat inflation and kept prices from skyrocketing while local production still did not come out.

“The government should instead focus on local production, with strategic action plans for a sustainable food supply, not dependent on imports,” Tambago said.

For its part, the Philippine Association of Meat Processors Inc. (PAMPI) expressed its gratitude to President Duterte for extending the reduced tariffs on pork.

“This will allow us to provide affordable prices for our pork products for the benefit of consumers. We are all still recovering from the impact of the pandemic and facing new challenges in the global supply chain, so the President’s decision is an important step in ensuring food security in these times,” said the Vice. -PAMPI President Jerome Ong to The STAR in a text message. .

In addition to pork, EO 171 also extends until the end of the year the reduced tariff of 35% on imported rice under EO 135, which was signed last year to diversify sources. in a context of rising world prices.

“It is necessary to temporarily maintain the reduced tariffs on imported rice and pork products to achieve the objectives of EOs 134 and 135, capitalize on the gains already made by these measures, all with the aim of increasing the supply of these products in the country, diversifying the country’s market sources and maintaining affordable prices, in order to ensure food security,” reads the EO.

He pointed out that the conflict between Russia and Ukraine has economic and trade implications for the Philippines, as the two countries account for 30% of world wheat exports, 20% of corn, mineral fertilizers and natural gas, as well as than 11% of oil. exports.

“The increase in petroleum products, corn and fertilizers generated a corresponding sharp increase in domestic commodity and energy prices, thereby putting upward pressure on inflation,” the EO said. .

Seeking comment, Free Farmers Federation (FFF) national director Raul Montemayor said the extended rice tariffs were unnecessary.

“In the case of rice, it’s totally unnecessary because non-ASEAN imports have not increased significantly despite the tariff reduction and the government is simply forgoing much-needed tariff revenue,” Montemayor said.

He said they would ask President-elect Ferdinand Marcos Jr. to rescind the EO once he takes office.

In addition, EO 171 also reduces import tariffs for corn and coal until the end of the year.

Under the EO, customs duties on maize are 5% for in-quota imports and 15% for out-of-quota imports, while zero customs duties are imposed on coal imports.

The OE stressed that it was also necessary to reduce tariffs on imported corn and coal to mitigate and stabilize the impact of inflationary pressures caused by the Ukrainian-Russian crisis, by expanding sources of supply and by reducing the prices of key commodities.

He noted that corn is used as a raw material in the production of feed, food and other industrial products, pointing out that it accounts for more than 50% of the total production cost of broiler farms. and pigs on a large scale.

Furthermore, he pointed out that coal is also an important raw material in power generation as it contributes to more than half of the power generation in the country in 2020.

Philippine Maize Federation (PhilMaize) President Roger Navarro expressed hope that the reduced tariffs for maize imports would be temporary and that the tariff revenue generated would be used to develop the maize sector.

“In this regard, we respect the president’s decision. Furthermore, we sincerely hope that the necessary investments for post-harvest facilities and maize storage that our maize sector has long needed will be made and implemented in strategic maize growing areas of the country.” , Navarro told The STAR in a text message.

Navarro had previously urged the government to focus on supporting and stabilizing local production instead of lowering tariff rates on corn imports, which would discourage local industry.

“The effects of this tariff reduction will certainly be felt by at least 850,000 Filipino farm families who depend on maize, with at least five per family member. This would easily represent 4.5 million Filipinos dependent on maize farming, not to mention the multiplier effect of the labor involved along the maize service chain. It will surely not inspire our Filipino people, but rather cause misfortune, contributing to poverty and risking peace and order in the countryside,” Navarro said in March.

In March, Socio-Economic Planning Secretary Karl Chua said the government’s economic development hub had proposed 14 measures to mitigate the expected impact of the war between Ukraine and Russia, which has driven up world petroleum product prices.

Among these proposed measures were the extension of reduced tariffs on pork and rice until the end of the year, as well as reduced tariffs on corn imports.

Apart from reducing tariffs on agricultural products, other government efforts to cushion the impact of the Russian-Ukrainian crisis on the country’s food security are the implementation of the 24 billion peso Plant Plant 2 program.

Most of the program’s budget, 20 billion pesos, was allocated to fertilizer subsidies. In addition, urban and peri-urban agriculture, local production of animal feed, aquaculture and mariculture, fishing and food mobilization have been allocated a budget of 1 billion pesos each.

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