Monday, June 22, 2015

ASBM Business Updates Vol. 4(14) 22 June 2015, Monday from Chanakya Central Library, Asian School of Business Management, Bhubaneswar.




ASBM Business Updates is a Weekly Selective Compilation of Business News from Various Sources. To find details follow the link.

ASIAN BUSINESS

Asia remains the fastest-growing market for the global fresh fruit and vegetable trade, and Asia Fruit Logisitica is the place to meet and do business with the industry leaders driving the expansion.
Asia’s only dedicated fresh fruit and vegetable trade show – which returns to Hong Kong’s AsiaWorld-Expo Center on 2-4 September – is enjoying record exhibitor demand this year. Companies from 35 different countries have signed up to showcase their products and services at the event, while sales of exhibition space have already outstripped last year’s show by more than  20  per cent.
Many of the exhibiting countries are seeking to capitalise on Asia’s booming import demand. According to a recent report from Asiafruit Magazine, which is celebrating its 20th anniversary this year, collective fresh fruit imports by 10 key Asian markets have increased by some 250 per cent over the past two decades to reach almost 10m tonnes in 2014.
As well as providing a gateway for global suppliers targeting Asia’s fast-growing consumer markets, Asia Fruit Logisitica is the leading international platform for Asian exhibiting countries seeking to increase their exports.
Malaysia, which has already booked 70 per cent more exhibition space compared with this time last year, is capitalising on the growing intra-Asian trade in fresh fruit and vegetables at the show. Malaysia’s Federal Agricultural Marketing Authority (FAMA) will be back with the Ministry of Agriculture to showcase a range of mainly tropical fruits at Asia Fruit Logisitica 2015, following what it described as “a very encouraging response” to its debut appearance at last year’s show.
“Hong Kong is Malaysia’s traditional market for fresh produce exports and our durian has been making a big impact there for the past few years,” said FAMA’s Chang Lee Nam. “At Asia Fruit Logisitica we can connect with importers and retail buyers, not only from Hong Kong, but also from mainland China, Japan, Australia, New Zealand, Taiwan and South Korea. They’re all seeking to line up supply deals for the coming season and there is a lot of business matching at the event.”

BUSINESS MANAGEMENT
Microsoft has acquired BlueStripe Software, a startup that makes software designed to track and troubleshoot business applications running across multiple operating systems and data centers.
Microsoft brass have given the green light for a series of deals recently to buy startups focused on consumer-facing productivity applications, networking and cloud infrastructure tools, and data crunching software.
The company didn’t disclose the terms of the latest deal. BlueStripe, based in Morrisville, N.C., had raised $13.7 million in funding since its 2007 founding, according to CrunchBase.
Mike Neil, a general manager at Microsoft, said in a blog post that the company would stop offering BlueStripe’s products as an independent service and would fold the technology into existing Microsoft tools like System Center and the Operations Management Suite.

INDIA BUSINESS
According to an official from the Tanzania Investment Centre (TIC), the symposium will be held at Taj Palace Delhi Hotel on June 18, 2015.
Sectors to be involved include agriculture, infrastructure, energy, information communication technology (ICT), health, education, industry and tourism.
About 400 participants from both Tanzania and India are expected to attend.
Some of the main objectives include getting an understanding of the Indian market which is considere one of the most important in Asia.Tanzanian businesses will also be looking for trade opportunities and drumming up new investments between the two countries.
Officials hope the symposium will improve trade and investment between Tanzania and India and strengthen the present (B2B) links between the two countries.
Tanzania and India have traditionally enjoyed close, friendly ties. India and Tanzania both initiated economic reform programmes around the same time (in the 1990s) with external relations aimed at broader international political and economic engagement, cultivation of international business relationships and promotion of foreign investment.
According to the official lines ‘In recent years, Indo-Tanzanian ties have evolved into a modern and pragmatic relationship with greater and diversified economic engagement.’
The High Commission of India in Dar es Salaam was set up on November 19, 1961 and the Consulate General of India in Zanzibar was set up on October 23, 1974. These are among the oldest in Tanzania.
India and Tanzania have a vibrant business and commercial relationship driven by the presence of a large community of Tanzanians of Indian origin.

SUPPLY CHAIN
VMR Products LLC, a leading manufacturer of electronic cigarettes, is taking cues on supply chain management from consumer electronics manufacturers like Apple Inc.
The Miami-based company, which has relied on third-party firms to buy materials and manufacture its products in China, is moving much of its supply chain in house. VMR aims to produce 60% of its “e-cigs” in its own factory in Shenzhen by the end of the year, up from about 30% currently, said Jan Verleur, VMR’s chief executive and founder.
Mr. Verleur said the company, which says it is the largest online e-cigarette seller by sales volume, was inspired to switch to in-house manufacturing by the success of Apple Inc., which began producing iPhones using a similar model years ago. Mr. Verleur said VMR will have an easier time controlling for quality when it relies less on outside suppliers. VMR’s devices turn chemicals called “e-liquid” into vapor, which a smoker then inhales. Defects can take the form of a bad batch of chemicals or flaws in the devices themselves. “Apple is the greatest example of supply-chain management in China. They have such a low defect rate because the equipment that sits on the Foxconn line…is owned by Apple, not Foxconn,” Mr. Verleur said, referring to the company that provides manufacturing labor to produce iPhones in China. “That’s what we’ve been evolving into. We went from a very sophisticated technical buyer to a very sophisticated manufacturer.”

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Source of Information for this issue : Google alert accessed on Google alert on June 15 ,  2015
 
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Best wishes
Compilation
Sabita Sahu
Junior Librarian
Information and Documentation Divison, Chanakya Central Library
Asian School of Business Management
Shiksha Vihar Bhola,
Barang Khurda Road, Chandaka
Bhubaneswar-754012
www.asbm.ac.in
Tel: 0674-2374832, 2374833
E-mail: library@asbm.ac.in

 

Sabita Sahu :Junior Librarian Knowledge and Information Services Unit, Chanakya Central Library, Asian School of Business Management, Bhubaneswar. library@asbm.ac.in ; www.asbm.ac.in