Global Manufacturing Footprint Stress TestIn today’s dynamic global market, manufacturers face a multitude of challenges that can erode their competitive edge. Geopolitical tensions disrupt established supply chains, forcing companies to reevaluate sourcing strategies. Shifting customer demands require rapid production adjustments, and rising labor costs combined with tightening markets squeeze profit margins. Additionally, fluctuating currency exchange rates and the implementation of tariffs add layers of financial uncertainty. These factors necessitate a comprehensive and regular review of existing manufacturing footprints.Beyond immediate costs, a fragmented footprint can also impede success. Organic growth plus Mergers & Acquisitions often lead to a complex network of …
China’s Evolving Consumer Landscape – Challenges and Opportunities for German Businesses
China’s Evolving Consumer Landscape – Challenges and Opportunities for German BusinessesThe German Chamber of Commerce in China (AHK) recently published an insightful article in their Summer 2024 Ticker magazine, exploring the dynamic landscape of China’s consumer market. While the market’s power remains undeniable, with consumer spending driving China’s growth, understanding the ongoing transformations is crucial for German businesses to thrive.The article features valuable insights from EAC Partners’ Daniel Berger and John Deng, offering practical guidance for German companies. Their expertise can be invaluable for those looking to capitalize on the “New Normal” in China.The report highlights the rise of local …
EAC International Consulting Leads the Conversation on CBG Offtake in Large Industries
EAC International Consulting Leads the Conversation on CBG Offtake in Large IndustriesEAC Partner Ketan Jadhav’s keynote address on “CBG Offtake in Large Industries” sparked insightful discussions amongst industry leaders, policymakers, and stakeholders. As awareness of Compressed Biogas (CBG) explodes across India, our participation in the conference meet on July 8th and 9th in New Delhi exemplifies our commitment to driving the growth in this critical sector.Ketan’s presentation delved into EAC’s expertise, offering valuable insights on: Gas Demand Scenario in India: With the government eyeing to increase gas share to 15% in the overall energy mix coupled with slow domestic production …
Empowering Businesses to Thrive in a Dynamic World
Empowering Businesses to Thrive in a Dynamic WorldBreakthrough innovations like Artificial Intelligence are fundamentally reshaping the global landscape. Automation, robotics and sustainable practices are addressing critical challenges like labor costs and environmental impact, while industry-disrupting technologies are paving the way for a new era. At EAC International Consulting, we understand that in this ever-evolving world, innovation is the cornerstone of excellence.China’s ascension as a global manufacturing powerhouse is undeniable. However, to maintain this momentum amidst economic fluctuations, urbanization, and demographic shifts, a strategic shift is crucial. This is where innovation steps in as the leading force for industrial transformation, driving …
ASIAN EXHIBITION INDUSTRY GROWTH IS HERE, BUT SHOULD YOU GO THE ORGANIC/ INORGANIC ROUTE?
ASIAN EXHIBITION INDUSTRY GROWTH IS HERE, BUT SHOULD YOU GO THE ORGANIC/ INORGANIC ROUTE?The exhibition market is booming, fueled by a global surge in demand across various sectors. This growth is driven further by the significant contributions from key industries like renewable energy, AI, infrastructure, automotive, and manufacturing – all witnessing a surge in global investments. Globalization also plays a crucial role as companies expand their reach into new markets and regions, increasingly turning to exhibitions as a powerful B2B marketing tool to showcase their products and services.Leading Messen Global Expansion Strategies: Leading trade fair organizers are pursuing a two-pronged …
Renewable Energy Vision and Manufacturing Excellence in India
Renewable Energy Vision and Manufacturing Excellence in IndiaIndia is rapidly transitioning towards renewable energy sources driven by environmental, economic, technological, and policy factors. This shift is vital for sustainable development and positioning India as a global leader in renewable energy.Renewable Energy Capacity and Targets India ranks 4th globally in renewable energy installed capacity (190 GW, including large hydro), 4th in wind power (42 GW), and 5th in solar power (67 GW). With the aim of reducing carbon emissions, India has set an ambitious target of 500 GW of non-fossil fuel-based energy by 2030, positioning it as one of the fastest-growing …
Photonics21 Partnership Annual Meeting 2024 in Brussels: Photonics Industry Beat Global Trends
Photonics21 Partnership Annual Meeting 2024 in Brussels: Photonics Industry Beat Global TrendsMore than 220 high-ranking photonics representatives from industry, science and politics debated the future of light technologies, including technological sovereignty and the global photonics industry at the Photonics21 Partnership Annual Meeting in Brussels on 14 and 15 May. The Annual Meeting is one of the most important events for the European photonics community. EAC International Consulting was invited as a key note speaker.Daniela Bartscher-Herold, Founder and Partner EAC Munich, gave a presentation about political steering processes in China in core segments of photonics industry. The EAC study, commissioned by …
Optimizing Procurement Costs: A Deep Dive with Spend Opportunity Assessments
Optimizing Procurement Costs: A Deep Dive with Spend Opportunity Assessments The relentless pressure to reduce procurement costs while maintaining competitiveness defines the current economic landscape. Companies seeking a strategic edge can capitalize on Spend Opportunity Assessments (OAs) to identify cost-saving opportunities and generate long-term value.A Spend OA is a systematic analysis of a company’s external spending, encompassing both direct and indirect costs. This data-driven approach aims to pinpoint areas for optimization through a four-step process: Data Collection and Spend Analysis: This initial stage involves gathering comprehensive outlay data. Analysis of this data reveals spending patterns, trends, and potential areas for …
The Latest US Tariffs on Chinese Goods
The Latest US Tariffs on Chinese GoodsTariffs Targeting China Announced by the Biden Administration The Biden administration has announced an increase in tariffs on USD 18 billion worth of Chinese imports. This action is part of a broader strategy to protect American industries and workers.Tariff Increases Range from 25% to 100% The new tariffs, ranging from 25% to 100%, target key industries and aim to shield American businesses from cheaper Chinese alternatives: Steel and Aluminum: The tariff rate on certain steel and aluminum products will increase to 25% in 2024. This measure is designed to support the US steel industry, …
Outlook for European Businesses in China
Outlook for European Businesses in ChinaBusiness Sentiment Among European Companies in China The European Chamber of Commerce in China’s (EUCCC) latest Business Confidence Survey reveals a year of mixed sentiments for European businesses in the wake of China’s reopening post-COVID-19. Despite the initial optimism spurred by the lifting of pandemic-related restrictions, several structural issues and regulatory challenges have tempered expectations. This article delves into the survey’s findings, shedding light on the current business climate and the outlook for European firms operating in China.Economic Challenges and Geopolitical Animosities Pressure Foreign Companies in China In 2023, European businesses in China faced significant …
India’s Potential as a Global Leader in Green Hydrogen
India’s Potential as a Global Leader in Green HydrogenGreen hydrogen (GH2) derived from renewable energy sources, is positioned as a transformative force in the global transition towards sustainable energy. India, with its ample renewable resources and commitment to decarbonization, has emerged as a significant player in this arena. Leveraging its vast solar and wind energy potential, estimated at approximately 1,400 GW, India aims to become a leader in green hydrogen production, aligning with the goals outlined in its National Hydrogen Mission launched in 2021. This mission is pivotal in achieving the country’s ambitious target of net-zero carbon emission by 2070 …
Navigating the EV Market Shift in China
China’s Unrivaled Position in the EV LandscapeThe electric vehicle (EV) market in China continues to redefine the automotive industry’s future. In 2023, China solidified its position as a global leader by accounting for nearly 60% of worldwide EV sales (measured in car registrations), a significant indicator of its growing dominance, according to data from the International Energy Agency’s (IEA) Global EV Outlook 2024, a Paris-based autonomous intergovernmental organization. This trend is not just a fleeting phase but a clear signal of the shifting dynamics in the global car market, with projections showing that one in three cars in China will …