Swiss Foodservice: The Future of Foodservice in Switzerland to 2016

London, July 31st, 2012 – In 2011, the profit sector accounted for a 94.1% share of total foodservice sales. Cost sector sales represented 5.9% of total foodservice sales and registered a CAGR of 0.77% over the review period (see graph below). The restaurant channel remained the largest in terms of foodservice sales, contributing 68.2% of profit sector sales. The growth in restaurant sales was primarily a reflection of the increase in sales at full service restaurants and quick service restaurants. The largest channel in the cost sector was military and civil defense foodservices, which contributed 49.8% to total cost sector sales and recorded a CAGR of 0.43%.

One of the major factors of growth for the foodservice industry in the country has been a growth in its GDP and the trend is expected to support the industry going forward. The annual disposable income increased from US$253.1 billion in 2006, to US$327.5 billion in 2011, at a CAGR of 5.29% and it is expected to increase at a CAGR of 0.86% to reach US$341.8 in 2016. The unemployment rate stood at 3.45% in 2011 compared to 3.39% in 2006, but is expected to reduce to 2.67% by 2016.Driven by these macro-economic factors, most foodservice channels witnessed sales growth in 2011.

Smaller households have a higher disposable income available for discretionary purchases, as they have fewer members’ needs to be met. This increases the ratio of working members of a household to total family members, which is higher than larger families, and consequently the smaller households spend less time and effort on cooking.

Over the review period, the total contribution of travel and tourism to Switzerland’s GDP increased from CHF38.7 billion in 2006, to CHF46.8 billion in 2011. The travel and tourism sector’s total contribution to GDP was 7.8% in 2011, making it an important part of the Swiss economy. The foodservice sector is expected to benefit from this, especially in the accommodation and leisure channels.

Demographic and social changes are shaping the dynamics of the industry. Changing demographics, such as an aging population, the rising proportion of the foreign population, and ethnic diversity, have often reinforced its impact on the foodservice industry.Due to increasing health awareness amongst consumers and a growing preference for healthy food over fast food, many foodservice operators are now offering healthy variants of dishes and nutritional information.

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The Spanish Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017

Homeland security market to grow at a CAGR of 3.4% to 2017

London, July 30th, 2012 – In 2012, the Spanish defense budget is estimated to value US$9.48 billion having recorded a negative CAGR of -6.7% during the review period (2008-2012) due to the budget cuts associated with the effects of the global economic crisis. In total, Spain is expected to spend US$56.68 billion on strengthening its armed forces, of which US$8.43 billion will be allocated for capital expenditure, while US$48.25 billion will be reserved for revenue expenditure. Furthermore, the Spanish defense budget is expected to register a CAGR of 3.2% during the forecast period (2013-2017), to value US$12.08 billion in 2017 (reference graph below).

In 2012, the Spanish defense budget decreased by 4.9% from that of 2011 to US$9.48 billion. While Spanish defense expenditure recorded negative growth of -6.7% during the review period, it is expected to record a CAGR of 3.2% during the forecast period. Furthermore, the share of capital expenditure in the total defense budget is also expected to decrease from an average of 18.7% during the review period to 14.9% during the forecast period. As this is expected to reduce market opportunities, investments are expected to fall, which will hinder the growth of the Spanish defense industry.

The growth of the Spanish defense industry is additionally hindered by the project delays associated with the global financial crisis, which lead to project cancellations and rising costs. In particular, the implementation of a European defense industry has caused several project delays, as often member countries are unable to agree unanimously over issues such as specifications.

During 2007–2011, arms imports decreased at a CAGR of -7.6% which reflected the reduction in the Spanish defense budget. However, during the forecast period, the nation is expected to acquire armored vehicles and missile defense systems, as its domestic defense sector is underdeveloped in both of these categories.

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The Future of Foodservice in Indonesia to 2016

In 2011, the profit sector accounted for an 87.3% share of total foodservice sales. Sales in the profit sector increased at a CAGR of 9.04%  from 2006 - 2011.

                 

In 2011, cost sector sales represented 12.7% of total foodservice sales and registered a CAGR of 4.99% over the review period (2006 - 2011).  The restaurant channel remained the largest in terms of foodservice sales, contributing 61% of profit sector sales. The growth in restaurant sales was primarily a reflection of the increase in sales at quick service restaurants and full service restaurants.  The largest channel in the cost sector was education foodservices, which contributed 46.9% to total cost sector sales and recorded a CAGR of 4.73%.  

Growth in tourism is expected to have positive effect on the growth of foodservice industry in Indonesia.  The young Indonesian is educated, aware of the developments in the foodservice industry around the world, and is demanding quality food products, variety in food items, new cuisines and hygienic ambience from foodservice providers in the country.

The number of Indonesian women joining the workforce is increasing. The total number of working females increased from 41 million in 2006, to 46 million in 2011. This development, as well as busier work schedules, has increased the demand for convenience foods, such as instant noodles, frozen processed foods, packaged food, and ready-to-eat meals.

Due to an increase in the level of awareness about international food, many restaurants offering only international cuisines have opened up in major cities across Indonesia. These restaurants cater to the demand for variety in food among Indonesian population.

Various luxurious resorts and hotels are opening in Indonesia, who promise to provide a calm and peaceful atmosphere to their visitors. In order to achieve this motive, they have resorted to various eco friendly and sustainable formats.

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The Austrian Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016

London, June 13th, 2012 – Austrian defense expenditure, estimated to be US$2.73 billion in 2012, declined at a CAGR of -1.04% during the review period. On a cumulative basis, the country is expected to spend an estimated US$12.46 billion on its armed forces during the forecast period. The country’s overall defense spending, however, is anticipated to register a CAGR of -2.25% during the forecast period and to value US$2.49 billion by 2016. The Austrian defense budget is likely to reduce due to the budget cuts associated with the ongoing financial crisis faced by the country (see graph below).

The Austrian economy has just begun to recover from the 2008 recession with a growth rate of 6.3% in 2011. The pace of recovery is, however, expected to be slow. To counter the mounting deficit and increasing public debt, the government is cutting back spending, including defense. This is expected to adversely affect military procurement expenditure over the next five years, and the domestic industry, which is mostly dependent on government procurement, will be severely affected.

The recession, combined with decreasing threat levels from external sources, has made the Austrian government refocus its defense procurement strategy. In December 2010, it announced a massive sell-off plan of its heavy equipment armory, and according to the country’s Defense Ministry, this is a direct consequence of the peace efforts propagated by the European Union (EU) region bordering Austria.

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Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

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With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

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Russian Foodservice: The Future of Foodservice in Russia to 2016

London, July 12^th, 2012 – In 2011, the profit sector accounted for a 93.6% share of total foodservice sales and sales increased at a CAGR of 4.96% over the review period. In 2011, cost sector sales represented 6.4% of total foodservice sales and registered a CAGR of 3.48% during the review period (reference graph below).  The restaurant channel remained the largest in terms of foodservice sales, contributing 39.9% of profit sector sales. Growth in restaurant sales was primarily a reflection on the increase in sales at quick service restaurants, and coffee and tea shops. The largest channel in the cost sector was healthcare foodservices, which contributed 50.2% to total cost sector sales and recorded a CAGR of 3.32%.  

A decade of stable political environment and steady economic growth has created a new middle class in Russia which is eager to spend. Although wages have stagnated, the government’s efforts in preventing major job losses have maintained disposable incomes, which in turn have strengthened the sales of foodservices.

Russia’s services industry’s contribution was a significant 67.8% of GDP in 2009. Growth in the IT and engineering services has been particularly outstanding with software exports growing to US$2.8 billion in 2009. The entry into the WTO is expected to boost the growth of intellectual property driven services such as aerospace, software, and information and communication technologies. This industry growth has led to an increase in the number of single young professionals who prefer to eat out in quick service restaurants.

Urbanization in Russia has been stagnating since the last decade and has even shown signs of reversal, falling from 74% in 2000 to 73% in 2005. It is further expected to decline to 72.7% during the forecast period. This has led to an increased consumption of convenience foods and the expansion of fast-food chains across all the major cities.

Russian consumers have been quite slow to adopt information technology, but they are evolving rapidly to catch up with the rest of Europe. Personal computer penetration has increased from 12.2 PCs per 100 people in 2005 to 19 PCs per 100 people in 2010. The new wave of international restaurant chains has introduced websites with elaborate online menus such as McDonald’s, which has an online menu and items can be ordered through the website.

Russian consumers have been extremely reluctant to conduct online shopping due to factors such as low penetration, low awareness and unpleasant experiences. In the early days of the internet, people who experimented with e-commerce suffered due to fraudulent online companies, incorrect or damaged products being delivered or late delivery of goods.

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Global Packaging Industry Survey 2012: Trends and Opportunities in Packaging, Budget Allocation, Procurement and NPD

Most important trends for innovative packaging

In 2012, suppliers will assign more importance to “more customized packaging,” “tracking and trading requirements” and “new labelling and coding technology,” while buyers consider “consumer convenience” and “new packaging materials” to be more imperative. The “cost of material” is considered the most important factor driving the development of innovative packaging solutions.

A C-level executive from a packaged goods manufacturer category states: “My company is focused on adopting sustainability practices in the development of new products to help reduce our overall production expenditure, including the cost of the materials procured.” Highlighting this trend, Unilever, a consumer goods company, devised a new policy for sourcing paper and board in 2010 and has made plans to procure 75% of paper and board either from certified sustainably managed forests or recycled materials by 2015.

According to packaged goods manufacturers, the most sustainable packaging materials are “paper and board,” “degradable plastics (such as oxo-biodegradable plastics)” and “glass,” while converters consider “paper and board,” “recyclable plastics” and “glass” to be the most environmentally friendly. Many organizations are actively seeking investment in paper and board packaging materials either through an increase in capacity or through acquisition. Highlighting the trend, A&R Carton, a Swedish carton manufacture, increased its stake by 34% in SP Containers, a food and retail packaging supplier in April 2011.

“Reduced manufacturing costs,” “minimize material use” and “environmental and regulatory compliance” remain the top three advantages

For manufacturers, the top three advantages of new packaging include “reduced manufacturing costs,” “minimize material use” and “environmental and regulatory compliance,” while converters consider “environmental and regulatory compliance,” “minimize material use” and “increased shelf life” of products to be important. In terms of new packaging solutions, the main objective of manufactures is to reduce costs. This can be achieved through reducing the weight of bottles and boxes, decreasing the thickness of packaging materials such as extra plastic on pouch packets and lessening the size of containers. For example, in February 2011, Kraft Foods reduced the size of its Cadbury Dairy Milk chocolate bars from 140 to 120 grams in the US and the UK and also announced plans to reduce the size of packaging for some of its products in November 2011.

Suppliers assign relatively more importance to “consumers” and the “government” as key drivers influencing their organizations’ sustainability efforts, than buyers who referenced “self-regulation: individual companies,” “clients” and “self-regulation: trade bodies” as their key drivers. Companies are becoming more consumer-centric and are actively investing in developing products according to market research. For example, in September 2011, Sainsbury’s changed the packaging of its peanut butter range from glass to plastic jars, an initiative that helped the company to cut packaging material volumes by 83% or 882,000 kilos.

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The Taiwanese Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016

London, July 4th, 2012 – Taiwanese defense expenditure, estimated to be US$10.72 billion in 2012, registered a CAGR of 0.65% during the review period (2007-2011) and is expected to grow at a CAGR of 7.01% during the forecast period (2012-2017), to reach an estimated US$14.05 billion in 2016.

As well as overall military spending, defense expenditure as a percentage of GDP is also forecast to increase, from 2.04% in 2012 to 2.16% in 2016. Overall, the country is expected to spend an estimated US$61.626 billion on its armed forces during the forecast period, of which approximately US$6.9 billion will be allocated for capital expenditure (see graph below for reference).

The growth of the Taiwanese defense industry is hampered by project delays associated with the global financial crisis, which have led to cost overruns and the cancellation of certain projects. Despite seeking to increase its defense budget to 3.0% of GDP, the country’s 2011 defense budget is estimated at just 2.0% of GDP, primarily due to the financial constraints faced by the country. As a result, certain acquisition programs have either been postponed or cancelled. All these factors discourage investors from entering the Taiwanese defense market.

According to existing regulations, domestically manufactured equipment can be sold in the international arms market, through either government-appointed or designated sales agents that participate in competitive bids or negotiate contracts through private arms dealers. However, a lack of sales agents makes it difficult for the country to cater to the global arms market. The country also established arms trading firm Taiwan Goal to promote domestic arms production, but it was dissolved when it was discovered that the country was involved in malpractice. A lack of exports restricts the growth of the domestic military industrial base.

Excessive corruption within the government’s procurement process hampers the entry of foreign investors into the country’s defense market. Some foreign investors have resorted to paying bribes in order to win a contract, which has discouraged foreign OEMs from entering the market. For example, in 1991 the French state-owned firm Elf Aquitaine was accused of paying bribes to Taiwanese government officials to win a contract for the sale of six Lafayette Class frigates.

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Online Retailers in Venezuela: Market Databook to 2015

Venezuela Online Retailers had sales of US$1,445.9 million in 2010, with a compounded annual growth rate of (CAGR) of 79.90% between 2005 and 2010. Food & Grocery category led the group, with a market share of 53.3% in 2010.

The Online Retailers channel group generates sales from eight categories: Electrical and Electronics, Food & Grocery, Music, Video & Entertainment Software, Apparel, Accessories & Luxury Goods, Books, News and Stationery, Home & Garden Products, Sports & Leisure Equipment, and Furniture & Floor Coverings. #

The largest category in Online channel group in Venezuela, Food & Grocery generated sales of US$771.2 million, is expected to grow at a CAGR of 68.86% between 2010 and 2015, reaching sales of US$ 10,587.6 million in 2015.

The second largest category, Electrical and Electronics generated sales of US$550.0 million in 2010, growing at a CAGR of 83.42% between 2005 and 2010. The category will grow at a CAGR of 71.01% from 2010 through 2015, reaching sales of US$ 8,044.9 million in 2015.

In 2015, the Online Retailers channel group will account for a market share of 8.7%, with sales of US$20,128.0 million. Furthermore, Food & Grocery category will lead the group in 2015, with a share of 52.6% of the Online Retail sales.

Market Dynamics
Food & Grocery and Electrical and Electronics categories accounted for a share of 53.3% and 38.0% of the market in 2010 respectively. During the review period, the performance of Online Retailers was strong with a CAGR of 79.90% and is forecast to achieve a CAGR of 69.33%. Also, the Food & Grocery is expected to be the fastest growing category within the group in 2015, with a CAGR of 68.86%

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