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The Agriculture Industry encircles a variety of procedures wherein natural resources give rise to a number of products. Agriculture Industry consists of different activities which include harvesting crops, plants, livestock feeding, grazing etc.
Agriculture Industry is always seeking to improve, by adopting new technologies. The new technologies aim at improving the efficiency of various Agricultural based operations. Survey carried out by Rice Producers of California, discovered that rice growers could be at a loss of around $200 million for producing rice, despite the fact that transgenic rice is produced at a cheaper rate as compared to conventional rice.
Food Industry comprises a complex network of activities pertaining to the supply, consumption, and catering of food products and services across the world. The food industry employs a massive number of skilled and unskilled workers. In 2006 alone, the food industry accounted for over 1.5 million jobs in the US and 4 million jobs in Europe. However, the food industry excludes subsistence farmers who use their produce for self consumption. A number of factors heighten the demand in the global food industry such as the population levels, wealth distribution, health awareness (organic food) and types of varied lifestyles. The food supply drivers include the quality of the supply chain, level of competition in the industry and the composition of the target consumers.
Get on the fast track to the future. That is what automotive companies need to do if they are to exploit the potential that the future holds, capitalize on opportunities that come with new market dynamics and get on the road to sustained success.
While structural changes brought on by the recent downturn have made the industry more resilient – to succeed in a post-crisis world, companies need to build loyalty with the new digital consumer; and put engineering integration in overdrive, exploration of new models of commerce in top gear and supply chain agility on the fast lane.
The automotive industry is going through the most challenging period in its history. Companies need to ask some crucial questions to survive—and even thrive—in the downturn.
How do we adapt to new markets that are different in terms of consumer demographics, local competitors, supplier base, and channel structures?
How do we redefine our market strategies to handle more-specific segmentation, challenging emissions regulations, and alternative drive-train technologies?
How should we react to new cooperation schemes between OEMs and suppliers as well as global consolidation throughout the industry?
The current turmoil in the global Financial Industry is a result of financial tensions that started brewing in the US in 2007. These financial hiccups culminated into the demise of leading financial institutions. The financial crisis engulfed other developed and developing economies and turned into a full-blown global economic crisis by September 2008. The result was destabilized banking systems, a credit crunch, declining consumer confidence and a downturn in GDP growth rates for most countries. In order to combat the situation, the US government planned to inject $700 billion injected funds into the economy. The US and European authorities took initiatives such as providing funds to firms to prevent them from declaring bankruptcy, taking over leading financial institutions, providing liquidity and lowering interest rates. The recovery is expected to continue with continued flow of credit and the stabilization of the global financial markets.
The global Banking Industry is undergoing intense transformation to negate the risks posed by competing instruments. Certain trends observed in the banking industry to remain profitable are: The current dismal conditions notwithstanding, a McKinsey & Co research report predicts the doubling of revenues and profits for the banking industry by 2016.
The current economic slowdown poses several challenges to the Insurance Industry, in the form of capital crunches, instable asset values and decreased non-life premium rates. Although the industry is currently experiencing a slowdown, initiatives are in place to ensure growth in the near future.
Business processes are information technology-based, and are referred to as ITES-BPO, where ITES stands for Information Technology Enabled Service. India is the leading BPO destination, accounting for over 37 per cent of total global sourcing BPO revenues, followed by Canada and Philippines.
Business Process Outsourcing (BPO) segment, which is an industry in itself, has played a vital part in fuelling economic growth. The industry not only influences people’s lives through an active direct and indirect contribution to the various socio-economic parameters such as employment, standard of living and diversity, but also has played a significant role in transforming India’s image to a land of innovative entrepreneurs and a global player in providing world class technology solutions and business services.
Nearly one million jobs were created in India during 2010-11, of which 70 per cent were from the IT and BPO sectors, according to data released by the Ministry of Labour and Employment. Various industry experts believe that the workforce in Indian IT industry will reach 30 million by 2020 and this sunrise industry is expected to continue its mammoth growth.
The sector is estimated to have grown by 19 per cent in the FY2011, aggregating revenue of almost US$ 76 billion. India’s outsourcing industry has witnessed a rebound and registered better than expected growth according to National Association of Software and Service Companies (NASSCOM). The export revenues are estimated to have aggregated to US$ 59 billion in FY2011 and contributed 26 per cent in total Indian exports (merchandise plus services), according to a research report ‘IT-BPO Sector in India: Strategic Review 2011’, published by NASSCOM.
Within exports, ITeS segment (contributed 57 per cent of total IT exports), grew by 22.7 per cent for FY11, while BPO export segment grew by 14 per cent. Driven by increasing use of electronics, technology alignment and demand for localised products, engineering design and products development segments generated revenues of US$ 11.3 billion in FY2011, growing by 13.4 per cent. The domestic IT-BPO market marked an improvement of 16 per cent to aggregate revenues of US$ 17.6 billion. Massive expansion in technology adoption across government and private sectors has driven customer services and internal controls to get efficient which has led to an increase in outsourcing within domestic market also.
Manufacturing Industries are the chief wealth producing sectors of an economy. Manufacturing industries are important as they employ a huge share of the labor force and produce materials required by sectors of strategic importance such as national infrastructure and defense. However, not all manufacturing industries are beneficial to the nation as some of them generate negative externalities with huge social costs. The cost of letting such industries flourish may even exceed the benefits generated by them.
The Textile Industry is primarily concerned with the production of yarn, and cloth and the subsequent design or manufacture of clothing and their distribution. High production of wool, cotton and silk over the world has boosted the industry in recent years. Though the industry was started in UK, still in 19th Century the textile production passed to Europe and North America after mechanization process in those areas. From time to time Japan, China and India took part in industrializing their economies and concentrated more in that sector.
Japan, India, Hong Kong and China became leading producers due to their cheap labor supply, which is an important factor for the industry.
Fashion a general term for a currently popular style or practice, especially in clothing, foot wear, or accessories. Over 4 million people are employed in this industry which includes the following areas: design, manufacturing, distribution, marketing, retailing, advertising, communications, publishing and consulting. Each year, over $250 billion is spent on fashion (including accessories) in the United States and over $20 billion in revenue is generated annually.
FMCG Industry, alternatively called as CPG (Consumer packaged goods) industry primarily deals with the production, distribution and marketing of consumer packaged goods.
FMCG industry provides a wide range of consumables and accordingly the amount of money circulated against FMCG products is also very high. The competition among FMCG manufacturers is also growing and as a result of this, investment in FMCG industry is also increasing, specifically in India, where FMCG industry is regarded as the fourth largest sector with total market size of US$13.1 billion. FMCG industry is regarded as the largest sector in New Zealand which accounts for 5% of Gross Domestic Product (GDP).
Some of the merits of FMCG industry, which made this industry as a potential one, are low operational cost, strong distribution networks, presence of renowned FMCG companies. Population growth is another factor which is responsible behind the success of this industry.
Energy markets have combined crisis recovery and strong industry dynamism. Energy consumption in the G20 soared by more than 5% in 2010, after the slight decrease of 2009. This strong increase is the result of two converging trends. On the one-hand, industrialized countries, which experienced sharp decreases in energy demand in 2009, recovered firmly in 2010, almost coming back to historical trends. Oil, gas, coal, and electricity markets followed the same trend. On the other hand, China and India, which showed no signs of slowing down in 2009, continued their intense demand for all forms of energy.
The Oil Industry started off more than five thousand years back. The demand for Oil was much higher than what it actually produced and this brought forward the concept of making oil production companies which is collectively known as the Oil Industry. According to the statistics the amount of oil consumed by the world every year is as many as 30 billion barrel among which nearly 25 percent of the oil consumption is done by United States of America.
The non-OECD Asia (Including both India and China) accounts for around 40 percent of the total increase in world oil use. From estimation it is found that to meet the projected increase in world oil demand the total petroleum supply in 2030 is required to reach 118 million barrels per day from 80 million barrels per day as of the year 2003.
The Education Industry is booming across the world. The industry generates large scale revenues and employment. The revenue from higher education alone in the US is worth over $400 billion. However, the state of the education industry in most developing countries, such as Afghanistan, Bangladesh, Pakistan and nearly all of Africa, is bleak. The literacy rate in these countries is still below 60%. According to new data from the UNESCO Institute for Statistics (UIS), 67 million children were out of school globally during the school year ending in 2009. This figure has been falling, especially since 2000, when the international community reinforced commitments to achieve universal primary education. Since then, the share of out-of-school children of primary school age has fallen from 16% to 10%. In addition, efforts to improve educational access for girls have yielded positive results. In 2009, girls accounted for 53% of children out of school compared to 57% in 2000.
Entertainment & Media Sector saw the global economy begin to recover from its steep decline in 2009 and these improved economic conditions have played a major role in the recovery of overall E&M spending which rose by 4.6 percent. Over the next five years we forecast that aggregate E&M global spending will rise to $1.9 trillion in 2015, a 5.7 percent compound annual advance driven by economic growth, but masking the accelerating shift of spending from traditional to digital platforms.
The Pharmaceutical Industry is normally seen as a profit earning industry. The Pharmaceutical Industry Trend is positive and a growing one. Most of the major Pharmaceutical companies are public companies and the shares of these are bought and sold. According to the Pharmaceutical Industrial Report of 2006, Pfizer is the top with more than 7.2 percent of market share as GlaxoSmithKline is the second largest company with nearly 6 percent of the market share.
Chemicals are generally used to make a wide variety of consumer goods and are also used in agriculture, manufacturing, construction, and service industries. The chemical industry itself consumes 26% of its own output. Major industrial customers include rubber and plastic products, textiles, apparel, petroleum refining, pulp and paper, and primary metals.
A new report from Deloitte's Global Manufacturing Industry group, Compass 2011 indicates that the chemicals industry is continuing to recover with revenue growing at a compounded annual growth rate of 7.9% over the near term. Higher prices and improving global economic conditions, leading to increased demand in the end markets for chemical products, have contributed to the revenue growth. The trend is expected to continue in the second half of 2011.
Combining medical technology and the human touch, the Healthcare Industry diagnoses, treats, and administers care around the clock, responding to the needs of millions of people—from newborns to the terminally ill. The health care industry is one of the world's largest and fastest-growing industries. Consuming over 10 percent of gross domestic product (GDP) of most developed nations, health care can form an enormous part of a country's economy.
The Hospitality Industry is major service sector in the world economy. The industry encompasses an extensive variety of service industries that include food service, tourism and hotels. Hospitality industry suffers from fluctuations within an economy every year
Hospitality Industry is an evergreen industry, Industry being the cultural cradle of the world, hospitality industry thrives with hospitality industry being one of the prime Foreign Currency inward driver for the nations. Eco- Tourism, Health Tourism are new areas of growth and countries India is predicted to have huge growth in this space.
Between 2004 and 2014, the Hospitality industry is expected to add 17 percent in wage and salary employment. Within the industry, wage and salary jobs in food services and drinking places are expected to increase by 16 percent compared to 14 percent growth projected for wage and salary employment in all industries combined.
Construction Industry is a booming industry and remains so with the continuation of the development process especially in the developing countries. With the process of development, the migration of people takes place from the rural to urban areas. This phenomenon is most significantly observed in the "Asian Tiger" countries, China and India. Thus, the Construction Industry is also on a rise in such countries.
The Information Technology (IT) Industry has become of the most robust industries in the world. IT, more than any other industry or economic facet, has an increased productivity, particularly in the developed world, and therefore is a key driver of global economic growth. Economies of scale and insatiable demand from both consumers and enterprises characterize this rapidly growing sector.
The Information Technology Association of America (ITAA) explains 'information technology' as encompassing all possible aspects of information systems based on computers.
Both software development and the hardware involved in the IT industry include everything from computer systems, to the design, implementation, study and development of IT and management systems.
Owing to its easy accessibility and the wide range of IT products available, the demand for IT services has increased substantially over the years. The IT sector has emerged as a major global source of both growth and employment.
Technology companies face many common challenges, whether they are in semiconductor devices or equipment, digital devices or network infrastructure, software or IT services. They operate in a global environment. The pace of change is rapid and driven by the unrelenting velocity of technology, the emergence of new competitors, the evolution of customer needs and expectations, and business-model innovations that reverberate across the world.
A wide variety of services come under the domain of the information technology industry. Some of these services are as follows:
The Retail Sector is vital to the world economy, as it provides large scale employment to skilled and unskilled labor, minors and casual and part-time workers. Employment in the retail sector in the US and Europe surpassed 32 million in 2007. The major demand and supply drivers of the retail industry are,
World Telecom Industry is an uprising industry, proceeding towards a goal of achieving two third of the world's telecom connections. The introduction of advanced technologies makes the telecommunications industry a competitive one, where a number of multinational companies have shown their interest to invest in this industry and consequently the prices are reduced, the quality is also improved.
Two major factors responsible for the growth of telecommunications industry are use of modern technology and market competition.