Connect with us


U.S. Jobs Report, China Investment, Vietnam FX Watch: Eco Day – Yahoo Canada Finance




The Worldwide Batter & Breader Premixes Industry is Expected to Reach $3.4 Billion by 2026 at a CAGR of 6.4% from 2021

Dublin, April 02, 2021 (GLOBE NEWSWIRE) — The “Batter & Breader Premixes Market by Application (Meat, Seafood, and Vegetables), Batter Type (Adhesion, Tempura, Beer, Thick, and Customized), Breader Type (Crumbs & Flakes and Flour & Starch), and Region Global Forecast to 2026” report has been added to’s offering. The global Batter & breader premixes size is estimated to be valued USD 2.5 billion in 2021 and is projected to reach a value of USD 3.4 billion by 2026, growing at a CAGR of 6.4% during the forecast period. One of the major challenges faced by the batter & breader premixes market is the infrastructural and regulatory challenges in developing countries. Due to the presence of major manufacturers of batter & breader premixes, markets in countries, such as the US, the UK, Germany, and France, have become saturated and extremely competitive. The growth of the food processing industry in developed economies compels manufacturers to identify untapped potential markets and clients in emerging markets. The market for adhesion batter segment projected to grow at the highest CAGR between 2021 and 2026. The adhesion batter segment is the most dominant as well as fastest-growing type of mineral in the Batter & breader premixes market. Adhesion batter provides an outer coating to food products. It is made from various types of starch and is characterized by high solid content and low viscosity. Adhesion is mainly the physical and chemical bonding of the coating material with itself as well as with the food product. Due to this, the adhesion batter binds the outer layers of coating to the food product by creating a cohesive layer between them. It aids in controlling the pick-up of breading, which reduces crumb fall-off and prevents surface voids. The meat segment is projected to grow at the highest CAGR between 2021 and 2026. For meat by batter application in Batter & breader premixes market is the highest contributor in the global market.According to the FAO, Asian countries, especially China and India, dominate the production of eggs and poultry in the world. The demand for batter premixes is growing significantly in several meat applications globally. Products such as chicken nuggets and pork schnitzel are highly popular and use batter premixes for coating and taste enhancement. Crumbs & flakes segment, by breader type is projected to grow at the highest CAGR between 2021 and 2026. Bread crumbs have several applications in food products and are used as the main ingredient in processed food products, such as breading fried food; they are also used as a coating on confectioneries. Furthermore, bread crumbs increase the stability of food products and are, therefore, used in fried products. The crumb comes in different sizes and provides distinct crust and attractive highlights during frying. The crumbs have a more open structure compared to flour, which results in a crispier texture of fried products. The cost of these crumbs is higher than flour, but the demand for crumbs & flakes is more in the batter & breader premixes industry. The meat segment of the Batter & breader premixes, by breader application, is projected to grow at the highest CAGR between 2020 and 2025. The constantly growing chicken consumption across the world and an increase in demand for easy-to-prepare chicken-based products, such as chicken nuggets and chicken fries, have been driving the growth of this segment for the past few years. According to the National Chicken Council, the global per capita consumption of chicken increased from 83.8 pounds in 2014 to 93.8 pounds in 2018. This is due to the changing consumer preference for healthier options, as chicken is a low-calorie meat compared to pork and beef products. Asia Pacific market for Batter & breader premixes is projected to grow at the highest CAGR during the forecast period Asia Pacific is projected to be the second-largest region in the global batter & breader premixes market during the forecast period. This market is majorly driven by factors such as a rise in consumption of meat and seafood, increase in per capita income, rapid urbanization, and the increase in adoption of convenience meat and seafood products. China is projected to dominate the Asia Pacific batter & breader premixes market during the forecast period. The increase in consumption of meat and poultry food products in this country has driven the growth of the batter & breader premixes market. India is projected to be the fastest-growing country in the Asia Pacific batter & breader premixes market. Changing lifestyles and millennial preferences are increasing the demand for convenience and fast foods in the country Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights4.1 Brief Overview of the Batter & Breader Premixes Market4.2 Asia-Pacific: Batter & Breader Premixes Market, by Key Application and Country4.3 Batter Premixes Market, by Country4.4 Breader Premixes Market, by Country 5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Rise in the Consumption of Premium Meat Products5.2.1.2 Inclination Toward Low-Carb and Gluten-Free Products5.2.1.3 Rising Demand for Processed, Prepared, and Convenience Food5.2.2 Restraints5.2.2.1 Volatility in the Prices of Raw Materials5.2.2.2 Prevalence of Allergies to Batter & Breader Premix Sources, Such as Soy and Wheat5.2.3 Opportunities5.2.3.1 Emerging Markets Illustrating Great Potential for Batter & Breader Premixes5.2.3.2 Increase in Investments in Research & Development for New Batter & Breader Technologies5.2.4 Challenges5.2.4.1 Infrastructural and Regulatory Challenges in Developing Countries5.2.4.2 Shift Toward Fresh Food Products5.3 Supply Chain Analysis5.4 Batter & Breader Premixes Market: Regulations5.4.1 Introduction5.5 US Food and Drug Administration (FDA)5.6 Food and Agriculture Organization (FAO)5.7 Canadian Food and Drug Act and Regulations5.8 Covid 19 Impact5.9 Case Studies5.9.1 The Publisher Helped a Leading Batter & Breader Premixes Manufacturer Partner with a Prominent Meat Products Producing Company to Target a Projected Revenue of USD 200 Million Over Three Years5.9.2 The Publisher Helped a Leading Meat Products Manufacturer Acquire a Batter & Breader Premixes Provider to Meet the Rising Consumer Demand 6 Batter Premixes Market, by Type6.1 Introduction6.1.1 Covid 19 Impact on the Batter & Breader Premixes Market, by Batter Type, 2018-2021 (USD Million) Realistic Scenario6.1.2 Realistic Scenario6.1.3 Pessimistic Scenario6.2 Adhesion Batter6.2.1 High Usage in Fast-Food Chains6.3 Tempura Batter6.3.1 Increasing Usage of Tempura Batter in Seafood Applications6.4 Beer Batter6.4.1 Increasing Demand for Beer Batter in Developed Countries6.5 Thick Batter6.5.1 Rising Demand for Thick Batter in the North American Snack Food Industry6.6 Customized Batter6.6.1 High Competition Among Quick Service Restaurants Driving the Consumption of Customized Batter 7 Batter Premixes Market, by Application7.1 Introduction7.1.1 Covid 19 Impact on the Batter & Breader Premixes Market, by Batter Application, 2017-2021 (USD Million)7.1.2 Optimistic Scenario7.1.3 Realistic Scenario7.1.4 Pessimistic Scenario7.2 Meat7.2.1 Pork7.2.1.1 Rising Consumption of Pork in Fast-Food Chains of North American and European Countries7.2.2 Chicken7.2.2.1 Rising Health Concerns Driving the Consumption of Chicken7.3 Seafood7.3.1 Increasing Usage of Tempura Batter in Seafood Applications7.4 Vegetables7.4.1 Onion Rings7.4.1.1 Increasing Research on Onion Batter to Provide Healthier Final Products7.4.2 Other Vegetables7.4.2.1 Increasing Demand for Beer Batter Premixes for Vegetables7.5 Others7.5.1 Rising Demand for Batter in Fruit Applications 8 Breader Premixes Market, by Type8.1 Introduction8.1.1 Covid 19 Impact on the Batter & Breader Premixes Market, by Breader Type, 2017-2021 (USD Million) Realistic Scenario8.1.1.2 Optimistic Scenario8.1.1.3 Pessimistic Scenario8.2 Crumbs & Flakes8.2.1 Dry Bread Crumbs8.2.1.1 Use of Dry Bread Crumbs in Fish Fingers, Mini Fillets, Goujons, and Chicken Nuggets8.2.2 Fresh Bread Crumbs8.2.2.1 Use of Fresh Bread Crumbs for Soft Coating on Fried Foods or for Stuffing8.2.3 Cracker Crumbs8.2.3.1 Cracker Crumbs Find Usage in Pre-Dust Applications8.2.4 Others8.2.4.1 Nuts and Seeds – Excellent Sources of Proteins, Healthy Fats, Fibers, Vitamins, and Minerals8.3 Flour & Starch8.3.1 Cereals8.3.2 Wheat8.3.2.1 Increase Demand for Wheat in the Meat Industry8.3.3 Rice8.3.3.1 Rice Flour Serving as An Alternative to Wheat Flour in Battered and Breaded Foods8.3.4 Corn8.3.4.1 Corn Breaders Utilized in Seafood Products, Such as Catfish8.3.5 Others8.3.5.1 Use of Barley as a Flavor Enhancer in Seafood8.3.6 Pulses8.3.6.1 High Protein and the Fiber Content of Pulses Add a Distinct Flavor to Coated Foods8.3.7 Blends8.3.7.1 Blended Breaders Are Made from Bread Crumbs, Cereal Breaders, or Fruit & Nut Breaders8.3.8 Others8.3.8.1 Potato Flour – An Alternative to Wheat Flour, Especially in Breading and Coating 9 Breader Premixes Market, by Application9.1 Introduction9.1.1 Covid 19 Impact on the Batter & Breader Premixes Market, by Breader Application, 2017-2021 (USD Million) Realistic Scenario9.1.1.2 Optimistic Scenario9.1.1.3 Pessimistic Scenario9.2 Seafood9.2.1 Crab9.2.1.1 Rising Demand for Crabmeat as Starters in Traditional Restaurants9.2.2 Fish9.2.2.1 High Consumption of Fish in Homemade Dishes, with Different Types of Flour9.2.3 Other Breader Seafood Applications9.2.3.1 Rising Consumption of Shrimp in the US9.3 Meat9.3.1 Rising Demand for Breader Premixes in Chicken Applications9.4 Vegetables9.4.1 Increasing Preference for Low-Calorie Snacks 10 Batter & Breader Premixes Market, by Region10.1 Introduction10.2 North America10.3 Europe10.4 Asia-Pacific10.5 RoW10.6 South America 11 Competitive Landscape11.1 Overview11.2 Competitive Scenario (Market Evaluation Framework)11.3 Major Players, 202011.4 Revenue Analysis, 2015-201911.5 Key Market Developments11.5.1 Expansions, Investments & Joint Ventures11.5.2 New Product Launches11.5.3 Collaborations, Agreements & Partnerships11.5.4 Mergers & Acquisitions11.6 Competitive Leadership Mapping11.6.1 Star11.6.2 Emerging Leaders11.6.3 Pervasive11.6.4 Participants11.7 Competitive Leadership Mapping (Start-Up/Sme)11.7.1 Progressive Companies11.7.2 Starting Blocks11.7.3 Responsive Companies11.7.4 Dynamic Companies 12 Company Profiles12.1 Associated British Foods plc12.2 Cargill12.3 Archer Daniels Midland Company12.4 Euroma12.5 House-Autry Mills12.6 Kerry Group12.7 Bunge Limited12.8 Mccormick & Company, Incorporated12.9 Showa Sangyo Co. Ltd.12.10 Newly Weds Foods12.11 Heliofood12.12 Shimakyu12.13 Thai Nisshin Technomic Co. Ltd12.14 Pt Sriboga Flour Mill12.15 Dongguan Hongxing Foods Co. Ltd12.16 Bon Ingredo Sdn Bhd12.17 Arcadia Foods12.18 Xiamen Uprisingstar Foodstuffs Co. Ltd12.19 Zhuhai Yitong Industrial Co. Ltd12.20 Pt. Primera Panca Dwima12.21 Brf Ingredients12.22 Kyoei Food Co. Ltd.12.23 Blendex Company12.24 Ingredion12.25 Brata Produktions 13 Appendix13.1 Discussion Guide13.2 Knowledge Store: The Subscription Portal13.3 Available Customizations13.4 Related Reports For more information about this report visit CONTACT: CONTACT: Laura Wood, Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Let’s block ads! (Why?)

Source link

Continue Reading


Joe Biden: Could his tax plan affect US investment in Ireland? – BBC News



Getty Images

Wander around Dublin’s Grand Canal Quay and you get a sense of how successful the Republic of Ireland has been in attracting US technology companies.

Google has its international headquarters across a campus of offices and will soon have more space nearby at the Boland’s Mill development.

Just across the canal, Facebook has its international HQ with Tripadvisor and AirBnB close by.

Stripe, the United States-based payments firm, could soon be in the area.

Last month its Irish founders said they’re planning about 1,000 new jobs in Ireland.

The head of the country’s inward investment agency, Martin Shanahan, described the Stripe investment as a “phenomenal signal from Ireland and about Ireland”.

But there’s now a risk that the pipeline of investment from the US could dry up if President Joe Biden can lead a major change to global tax rules.

Irish tax advantage under threat

In among those tech company HQs in Dublin’s docklands, you will also find the offices of the lawyers and accountants who help US firms use Ireland’s tax system to reduce their global tax bills.

For the last 20 years Ireland has had a simple message: invest here and you will pay just 12.5% tax on your Irish profits.

That compares favourably to headline corporation tax rates of 19% in the UK, 30% in Germany and 26.5% in Canada.

It is an article of faith in Irish politics that the 12.5% rate has been vital to attracting US investment.

But that tax advantage could be seriously undermined if President Biden gets his way.

Google head office Dublin

The most striking of his proposals – and the one of most consequence for Ireland – is for a global minimum corporate tax rate.

The US Treasury Secretary Janet Yellen has suggested a 21% minimum rate.

“We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom,” she said in a speech last week.

“Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations.”

What would it mean for Ireland’s economy?

Essentially that would mean if a company paid tax at the lower Irish rate, then the US (or other countries) could top up that company’s tax in their jurisdiction to get it to the global minimum.

So if a US company had a presence in Ireland primarily for the tax advantage, that advantage would disappear.

This is a matter of urgency for the Biden administration because it is planning to raise corporate taxes at home and would prefer not to see more tax revenues leaking to other countries.

Peter Vale, tax partner with accounting firm Grant Thornton in Dublin, thinks a global minimum rate is now an inevitability.

“If you’d asked me six months ago I’d have been quite sceptical, there was a lot of opposition,” he said.

“But it’s now moving by the day and, with the US behind it with its plans, I think we’re going to arrive at some sort of global consensus.”

He said the key issue for Ireland becomes the level at which the rate is set.

“I don’t think 21% is where it will land, I suspect it will be somewhere in the teens.”


Niall Carson/PA

Other details will be important too: “Exactly how will you work out what the rate is a company is paying in Ireland and what does that mean in terms of any top up? The detail becomes pretty critical.”

The Biden proposals have reinvigorated work which is being led by the OECD (Organisation for Economic Co-operation and Development), an intergovernmental economic organisation.

It began a project known as Base Erosion and Profit Shifting (BEPS) in 2013, which aims to mitigate tax loopholes which currently allow companies to shift profits from higher tax countries to lower tax countries like Ireland.

‘Intention to target Ireland’

Perhaps ironically Ireland appears to have been a major beneficiary of some of the early outcomes of the BEPS project.

The country’s corporation tax receipts have soared from about €4bn (£3.5bn) in 2013 to around €12bn (£10.5bn) in 2020.

That is the principle that companies should declare their profits in the location where they have real operations or activities.

“Countries like Ireland have been a huge winner from BEPS mark one,” he said.

“The objective was to align profit with substance and we actually are one of the countries where these companies have substance, whether it be pharmaceuticals, computer chips, medical devices and the ICT companies.

“I think when countries in the G7 looked at this they thought ‘that’s not quite what we wanted’ – maybe the intention was to target countries like Ireland, not benefit them.”

When could we see an impact?

In the next round of BEPS, with the US on board, those other rich countries are more likely to get what they want at Ireland’s expense.

But even if President Biden can agree the reforms at home and abroad, how quickly would that have an impact in Ireland?

Mr Coffey thinks any negative effects would not be instant because tax is not everything.

“Are the ICT companies likely to head off around the world, scattering their headquarters to various different cities?” he said.

“There are benefits to being co-located. At least in the medium term we are not likely to see a huge shock.”

That is echoed by the IDA (Industrial Development Authority), the inward investment agency, which points to Ireland’s workforce and significant clusters of specialisation in areas like medical technology and pharmaceuticals.

The IDA also sees the Brexit angle, pointing out that Ireland, unlike its UK neighbour, is part of the EU’s single market.

In a statement, it said: “Ireland is at the heart of Europe. Ireland’s continued commitment to the EU is a core part of Ireland’s value proposition to foreign investors, offering a base to access the European Single Market and to grow their business.

“Ireland also benefits from free movement of people within the EU, giving businesses located in Ireland access to a European labour market.”

The Irish government has been engaged in the BEPS process, though in a speech last year the Finance Minister, Pascal Donohoe, said he remained to be convinced of the need for minimum taxation, beyond the specific challenges relating to the digital economy.

This week a government spokesman said: “Ireland is aware of the US proposals.

“We are constructively engaging in these discussions, and will consider any proposals carefully noting that political level discussions on these issues have not yet taken place with the 139 countries involved in this process.”

Let’s block ads! (Why?)

Source link

Continue Reading


World's Biggest Wealth Fund Makes $1.6 Billion Wind Investment – BNN



(Bloomberg) — Norway’s $1.3 trillion wealth fund has made its first investment in unlisted renewable-energy infrastructure since being given the go-ahead to move into the asset class.

The world’s biggest sovereign investment vehicle said on Wednesday it will buy 50% of the 752 megawatt Borssele 1 & 2 Offshore Wind Farm from Orsted A/S of Denmark. The deal is worth 1.375 billion euros, or about $1.6 billion, it said.

Norway’s wealth fund has been looking for such assets to purchase since getting a mandate to start buying in 2019. But as recently as January, Chief Executive Officer Nicolai Tangen said it was proving hard to find reasonably priced targets.

“We are excited to have made our first unlisted investment in renewable energy infrastructure, and we look forward to working alongside Orsted on delivering green energy to Dutch households,” Mie Holstad, chief real assets officer at the wealth fund, said in a statement.

Strategy Update

The announcement coincided with a strategy update by the fund, in which it signaled it will apply a more active approach to its investment strategy. That includes a goal of becoming a global leader in sustainable investing.

Tangen, a former hedge-fund boss who’s been running the giant sovereign investment vehicle since September, has stepped up the Oslo-based fund’s reliance on external asset managers and made environmental, social and governance goals a cornerstone of his focus. He wants to rely more on technology, including artificial intelligence, and plans to expose his portfolio managers to the same kind of training regimens that help shape top athletes.

In Wednesday’s strategy update, the fund said it will “emphasize specific, delegated active strategies and have less emphasis on allocation or top-down positioning.”

As the world’s biggest stock investor, the Norwegian wealth fund’s “knowledge of our largest company investments helps us achieve the highest possible return after costs,” it said. “It improves risk management and enables us to fulfill our ownership role. We believe our active management improves our ability to be a responsible investor.”

The fund, which generated $123 billion in returns last year, used a previous strategy update to shift its equity exposure toward U.S. stocks and away from Europe. Much of last year’s performance was driven by the fund’s holdings of U.S. technology stocks.

The fund follows a benchmark that allocates about 70% to stocks and the rest to fixed income. It also invests in real estate and was recently given a mandate to start buying renewable infrastructure.

The sovereign wealth fund, managed by a unit of the central bank, was created in the 1990s to invest Norway’s oil and gas revenues abroad, initially to prevent the domestic economy from overheating. It owns about 1.5% of global stocks.

The fund said the goal is to become a global leader in responsible investment, partly by further integrating ESG data into its investment process.

©2021 Bloomberg L.P.

Let’s block ads! (Why?)

Source link

Continue Reading


Digital investments correlate to financial success – The 21st Century Supply Chain – Perspectives on Innovative



Executives live daily with a daunting dual challenge. One part is the need to manage the business through steady-state operations and times of disruption. The other is to create value for shareholders through financial excellence and growth.

At the intersection of these two parts lies the digitalization of supply chain. Through digital transformation, supply chain leaders can begin to develop the capabilities that are already needed to manage disruption, as well as those that will help overcome known obstacles, such as data availability and quality. Layering on top of data is information and insight, which are critical to ensuring that those in supply chain are making the decisions that matter most to the business.

The operational opportunities are evident, so the rationale behind the investment is clear. However, that only solves one part of the executive’s dual challenge. Quantifying the value created through financial excellence has been more difficult, but recent research from Professor Morgan Swink of Texas Christian University now shows the correlation between investing in digital transformation and delivering financial success.

Kinaxis customers outperformed during the pandemic

Using quarterly financial statements for 48 publicly held, North American companies that use Kinaxis for their supply chain planning, Professor Swink conducted what is known as a difference in differences analysis for all of 2019 and the first three quarters of 2020. In that analysis, the 48 companies represented those who have already begun their digital transformation against industry averages for each respective vertical over the corresponding period. Furthermore, the analysis was performed as a pre/post event comparison based upon the declaration of COVID-19 as a global pandemic in Q1 2020.

While industry averages showed declines after the pandemic declaration in return on assets (ROA), return on sales (ROS) and return on invested capital (ROIC), the Kinaxis users all delivered improvements when compared to the pre-pandemic performance.

“These data are very strong. I was quite surprised at the level of positivity in these findings,” Professor Swink said upon sharing his findings. The results were so impressive that among the initial six financial metrics compared, the group of 48 Kinaxis customers, representing the digitally transformed, outperformed their industry averages across the board.

The academically rigorous, statistically significant data shows that while industry averages showed declines after the pandemic declaration in return on assets (ROA), return on sales (ROS) and return on invested capital (ROIC), the Kinaxis users all delivered improvements when compared to the pre-pandemic performance. The largest gap occurred for return on sales, which acts as a measure of operational efficiency, where the Kinaxis group improved by more than 1.5%, while the industry declined by more than 0.5%, leading to an overall performance gap of more than 2%. Costs, as a percentage of revenue, also were an advantage for the group of 48 Kinaxis users as both costs of goods sold and sales, general and administrative costs decreased while industry averages either declined slightly or grew.

Translate supply chain success into the CFO’s main metrics

With an impressive array of data, like the research findings, it becomes critical that supply chain leaders be able to convey the right information to the right people. In the case of what matters most to CFO’s, Professor Swink says, “The two things that every CFO cares about are profit and growth. And from the CFOs perspective, they’re looking at ways to invest money to drive profit and growth.”  

Therein lies a significant opportunity for supply chains because they have historically struggled with translating operational capabilities into financial success. This carries over to digital transformation, as well. In both cases, the benefits are typically stated in the terms of those desiring the investment, as opposed to the metrics of whomever is making the decision. As Professor Swink stated, “You need to learn what those metrics are and be able to position your proposal in that language just like the other people who are competing for those funds.”

Flow chart connecting digital capabilities to financial outcomes
Translate digital transformation outcomes into meaningful impacts for decision makers, for example, aligning supply chain capabilities to financial outcomes.

Once the metrics are identified, begin to understand how operational capabilities work as input drivers for them. For example, increased visibility is highly desirable so that supply chains can sense disruptions as it is happening and respond immediately. That alone is a tremendous benefit and it can be tied to financial outcomes such as reduced inventory and cash buffers, improved capacity utilization and lower cost resolution of demand-supply mismatches.

Taking it a step further, the improvements in return on invested capital, and even return on assets, can then be tracked as digitally enabled capabilities are now linked to these financial performance measures. By doing so, the “why an investment is needed” aligns with what it means to the decision maker.

This creates a pivot point for supply chains as Professor Swink suggests that practitioners must be able “to relate structural choices, policies, technology investments, and training and labor investments to the kinds of KPIs that show up on income statements and balance sheets.” This is crucial because “if we really want to speak the language of the CFO we must think beyond those kind of specific operational metrics to think about how our choices affect these larger outcomes.”

To hear more about Professor Swink’s research, watch his on-demand webinar, Speak your CFO’s language – Managing risk and opportunity in supply chains.

Watch the on-demand webinar, "Speak your CFO's language - Managing risk and opportunity in supply chains"

Let’s block ads! (Why?)

Source link

Continue Reading