Cost Benchmarking Against Competition – Success Factors And Pitfalls Companies from the developed world that have traditionally enjoyed a monopoly in their home markets at certain price points are finding it difficult to compete when they start to expand their existing portfolio into other markets, particularly in the developing world.A foreign market and dwindling sales – the need for cost benchmarking The problem seems to be even more pronounced for family-owned companies, which have built a legacy on the claim that their technology and processes are better than anyone else’s, and this ideology is ingrained in the mindset of every …
India’s Demographics: A Driving Force for Economic Growth and Global Influence
India’s Demographics: Driving Economic Growth and Global Influence India’s rapidly growing population has long been recognised as a major asset for its economy. With the latest United Nations estimates confirming India’s status as the world’s most populous country, surpassing China, the country’s demographic advantage becomes even more apparent. India’s Population Growth and Future Projections India’s population has reached a staggering 1.4 billion by Q2 2023, securing its position as the most populous country. By comparison, the EU’s population of around 450 million is only a third of India’s. Even Germany, the EU’s most populous country with 84.3 million people, would …
COMPRESSED BIOGAS (CBG) INDIA POTENTIAL
COMPRESSED BIOGAS (CBG) INDIA POTENTIAL Growing at a CAGR of 6%-7%, India is expected to become world’s 3rd largest economy by 2030 and is home to the world’s largest population. This fast-paced economic growth supported by rapid infrastructural development and urbanisation, will increase India’s energy demand significantly. Currently, India is world’s third largest energy consumer with nearly 50% generating from coal. India on its part is actively looking to reduce its coal dependencies as it aims to achieve Net Zero by 2070. Furthermore, India aims to generate 50% of its total electricity from green sources by 2030. Its future energy …
Energy Supply Threat and Solution in CEE and Baltics
Energy Supply Threat and Solution in CEE and Baltics Since decades Russia formed an image of trustful supplier of energy resources for Europe. For these purposes in 2011 Russia completed Nord Stream pipeline, supplying gas to Germany and further to Europe with max discharge of 55 bln cub m annually. To increase delivery capacities, in 2021 Nord Stream II has been commissioned but never put into operation due to Russian invasion in Ukraine.In 2019-2021 share of Russian gas in EU gas structure varied from 39% to 53%. Few countries, mainly in CEE (e.g. Bosnia, North Macedonia), had 100% dependency from …
„Indian Toy Industry – To Infinity and Beyond“
Indian Toy Industry – To Infinity and Beyond India’s growing newborn population is one of the main factors driving the rise in demand for toys, leading to a significant expansion of the industry. As of 2023, the Indian toy industry amounts to 1.4 bln EUR making up 0.5% of the global market. Given the demand, with a forecasted growth of average of 10-15% YoY against the global average of 5%, the Indian toy market is expected to reach 1.8 bln EUR by 2024.Additionally, inflating disposable income levels and the rising awareness among individuals about the benefits of toys in improving …
Shared Service Centers in CEE – How to find the right country?
Shared Service Centers in CEE – How to find the right country? Big companies and corporations often bundle standardized administrative activities, such as accounting, in shared service centers (SSC). This is because shared service centers have many advantages, e.g. processes can be simplified or specialists can be assigned where their potential is fully utilized. The increasing demand for cost savings and the growing efficiency of the local workforce also support ongoing investments and the opening of SSCs in CEE. But how do you find the right country for your shared service center in CEE? We present some countries in this …
Your Partner on the Ground: EAC’s China Interim Management Solutions
Your Partner on the Ground: EAC’s China Interim Management Solutions Businesses operating within China’s highly dynamic market environment require skilled executives on short notice. Interim leaders and project managers experienced in multiple sectors and disciplines, can take responsibility for delivering results, offer independent expertise, and handle a range of key strategic and tactical interventions.Getting the right managers in or to China has become a prolonged and unplannable challenge for foreign companies in China. Even after most of China’s COVID related travel restrictions and quarantine requirements have been lifted, the nearly 3 year long isolation has lead to a shortage and …
How “Energy Efficiency” Can Help Cut Emissions/Carbon Footprint!
How “Energy Efficiency” can help cut Emissions/Carbon Footprint! Governments around the world lay emphasis on aligning energy efficiency policies with greenhouse gas (GHG) reduction goals.Energy efficiency measures not only offer optimization of production costs, but also enable a short-term and cost-effective reduction in GHG emissions.In order to limit the growth of energy demand, the rapid and large-scale introduction of energy efficiency measures is important. It is a prerequisite for achieving the decarbonization path proposed by the International Renewable Energy Agency (IRENA) in the „net zero emissions“ scenario. Without such measures, the deployment of clean energy sources would be overtaken by …
Key Success Factor of Influencer Marketing in China – Influencer Matrix
Key Success Factor of Influencer Marketing in China – Influencer Matrix In China, social media spans a range of features and purposes, such as micro-blogging site Weibo, video-sharing social network Douying, community-based e-commerce platform Little Red Book, question-and-answer site Zhihu etc. Each social media platform has their unique influencers landscape and definition of influencers type.Influencers could be classified into different ranking according to follower counts: mega macro influencers (> a million followers), macro influencers (500K-1 million followers), mid-tier influencers (50K-500K followers), micro influencers (10K-50K followers), nano influencer (1K-10K followers) and Key Opinion Consumers (<1k influencers). Influencer could also be classified …
India Review 2022 – Our recap of key market developments
India Review 2022 – Our annual recap of key market development While major global economies are staring at a possible recession, India’s economy has exhibited resilience and has grown to emerge as the 5th largest economy. Post a sharp decline in 2020 and a technical rebound in 2021, the Indian economy is expected to grow at 6.8% in 2022 – which would be faster than most emerging economies.2022 India has attracted the attention of all major global investors and industries with the following facts: strong economic fundamentals, well balanced trade relations, cost-effective workforce and most importantly an established manufacturing and …
Green Hydrogen- India’s emerging economy
Green Hydrogen- India’s emerging economy Initiatives for laying the foundation and groundwork for scaling-up low carbon hydrogen across the economy in India. Hydrogen demand could increase 5-fold by 2050 in India with use in industry being the major driver. By 2030, costs of hydrogen from renewables will fall more than 50% and will start to compete with hydrogen produced from fossil fuels.“The thing that is going to help India with a quantum leap in terms of climate is the field of green hydrogen” – Prime Minister Narendra Modi Green hydrogen, considered as one of the cleanest forms of energy in …
China Review 2022 – Our market and industry perspectives for you
China Review 2022 As every year, we have complied another review „China in 2022“. Based on our insights from consulting projects, we are more than happy to share our market and industry perspectives and first look into 2023.In our entire China consulting practice, spanning more than 30 years, we have never encountered such a series of political and economic shockwaves – both internationally and within China. The Russian war in Ukraine followed by soaring energy prices, sky-high inflation and the increasing ideological bloc formation as well as escalating geo-political tensions between the US and China leading to a new height …