Friday, 30 March 2012

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


London, March 30th, 2012China’s defense budget is one of the largest in the world, second only to the US. In addition, China has a rapidly expanding presence in the international arms export market. The Chinese defense budget is expected to grow at a CAGR of 9.90% until 2016. While the Chinese defense budget will grow at a faster rate than the US defense budget growth during this time, the budget will still be considerably smaller than the US defense budget in 2016 (reference see figure 12 below).


China has the largest defense budget in Asia, and has the second-largest defense budget in the world. The country’s budget grew at a compound annual growth rate (CAGR) of 20.86% during the review period (2005–2010), which was fueled by the nation’s desire to become a global superpower, containing a strong economy and superior military force which can rival that of the United States. China’s defense industry has also benefited from the country’s strong economic growth, which has enabled large sums to be allocated for its defense industry.
Although the US currently dominates the world’s political, military and cultural outlook, China aims to emerge as one of the world’s largest economic powers and threaten the US’s military and economic supremacy. As such, the country has focused on modernizing its defense capabilities through the acquisition of advanced foreign weapons, significant investments in its domestic industrial technology, and upgrading its strategic nuclear force. As such, China’s defense expenditure grew at a CAGR of 20.86% during the review period, and is expected to grow at a CAGR of 9.90% during the forecast period.
China has instigated a military modernization program, which focuses on developing its navy, air defense systems, missile defense systems, C4I (Command, Control, Communications, Computers and Intelligence) capabilities and surveillance equipment. This program will continue throughout the forecast period with China raising its defense capital expenditure allocation from 34% of the total defense budget in 2010 to 39% in 2016.
Rising internal threats, alongside increased criminal activity, pose a security risk to Chinese homeland security. To address these risks, China is expected to spend a similar amount on homeland security as it does for external defense in 2011. The spending on homeland security aims to reduce criminal activity, riots, illegal immigration, illicit drug trading and human trafficking in the country. As Chinese homeland security is threatened by the protests and criminal activity of separatist groups from Tibet, Taiwan and Xinjiang, a substantial portion of the nation’s military budget is spent on policing these areas.
China does not have access to advanced military technology developed in Western countries due to the arms embargo placed on the country by the US and European countries following the 1989 Tiananmen Square massacre. Despite this several foreign companies have participated in the joint development, assembly and co-production of a variety of civilian products with Chinese companies, which have the potential to be used by the defense industry. As such, China has integrated its civil and military industries, which enables civilian technology to be utilized for defense products and vice versa.
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About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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Thursday, 29 March 2012

Duty Free Retailers in Australia: Market Snapshot to 2015


The duty free retailers’ category was the fastest-growing retail channel in the specialist retailers market between 2005 and 10 and achieved a CAGR of 18.34%. The weakest performer was music, video, book, stationery, and entertainment software specialists, which achieved only a CAGR of 14.26%.

London – 29 March 2012 – Following expansion at a compound annual growth rate (CAGR) of 18.34% between 2005 and 2010, the duty free retailers channel in Australia reached a value of US$0.9 billion in 2010, which represented an increase of 74.3% on 2009. The market achieved its strongest performance in 2010 when it grew by 74.3% over its previous year and its weakest performance in 2009, when it fell to -4.0% over 2008.

By 2010, the duty free retailers channel accounted for 0.7% of the specialist retailers market. In comparison, clothing, footwear, accessories and luxury goods specialists represented 24.1% share, while food and drinks specialists generated a further 20.4% of the market's 2010 share.
Looking ahead, the duty free retailers channel is expected to expand at a CAGR of 5.61% between 2010 and 2015, reaching a value of US$1.1 billion in 2015. This represents a total growth of 204.9% from 2005 and 31.4% from 2010.

The duty free retailer channel is expected to be the fastest-growing retail channel in the specialist retailers market between 2010 and 2015, which is expected to achieve a CAGR of 5.61%. The weakest performer is forecast to be electrical and electronics specialists, which is expected to achieve a CAGR of 3.68%. By 2015, the duty free retailer channel is forecast to account for 0.8% of the specialist retailers market. In comparison, clothing, footwear, accessories and luxury goods specialists is predicted to account for 24.9%, while food and drinks specialists is expected to generate a further 20.5% of the market's 2015 share.

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

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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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Wednesday, 28 March 2012

Ireland Foodservice: The Future of Foodservice in Ireland to 2016


London, March 28th, 2012 – The Irish foodservice industry is expected to record positive CAGR from 2011 – 2016, primarily due to rising disposable income leading to increased consumer expenditure in the Ireland. The foodservice sector will have to deal with the emergence of a number of new trends, including restaurants offering mini meals and combos, discounts, and promotional offers in order to generate customer traffic.

Ireland’s foodservice sector has been driven recently by the changing demographics of the population and a shift in consumer preferences towards nutritional and healthy eating. Ireland’s foodservice sector is, however, majorly dependent on performance of the profit sector, which was severely affected by the economic downturn in Ireland. During the economic downturn period, consumers’ spending patterns have changed, which has affected the dining out behavior of consumers.

With a 94.8% share in 2011, the profit sector accounted for the majority of Ireland foodservice sales. Within the profit sector the pub, club and bar, and restaurant channels accounted for the majority of the share. The cost sector accounted for 5.2% of total foodservice sector sales with the healthcare channel being the largest contributor in this sector (reference see graph below).



From 2008 to 2010, Ireland’s annual disposable income declined by 17%, a fall that resulted in a marked slowdown in the number of consumers visiting foodservice outlets and had a damaging effect on the foodservice sector, which resulted in the reduction in average transaction cost, which in turn affected the sale of foodservice operators and even resulted in the shutdown of outlets.

The recession in 2008-2009 led to an increase in the turnover of the fast food sector. With a decline in disposable income during the recession, an increasing number of consumers opted for quick bites and cheaper dining. The number of older people continues to increase more than ever before. The foodservice industry will have to adjust to kind of food, quality and convenience demanded by various age groups and will have to consider where the food will be consumed. Furthermore Ireland is becoming a heterogeneous society due to increased immigration from other countries during the years of the economic boom. The increased ethnic diversity has influenced food consumption patterns and demand in recent years.

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Friday, 23 March 2012

Global Transport Supplier Industry Outlook Survey 2011–2012: Industry Dynamics, Market Trends and Opportunities, Marketing Spend and Sales Strategies


London, March 23rd, 2012 - Respondents from the transport industry expect to see increased levels of consolidation, with 52% of respondents predicting at least some increase in M&A activity. Of respondents from the Asia-Pacific region, 56% expect an increase in M&A activity, followed by 52% in Europe and 49% in the Rest of the World.
It is expected that there will be increased levels of consolidation as expressed by executives from transport buyer companies. This could be a result of the need to manage new cost or demand pressures, increase market shares, develop new products, repay debt or adhere to new compliance procedures. Infrastructure activity and demand for services are expected to increase substantially as the global markets begin to recover. This is likely to lead to larger companies planning to acquire small, local companies with strong business models and growth opportunities to integrate their services – a senior executive from a technology service provider company in Asia-Pacific stated:
“With the development of global markets, we expect demand for services to increase which can best be met by acquiring local companies. The integration of local companies with larger, more experienced companies helps to provide world-class services.



Respondents have identified China, India Brazil and the Middle East as the most important emerging markets to offer growth. China in particular is expected to grow rapidly due to strong market potential, sufficient labor resources, expansion of its railroad infrastructure and sound corporate governance. Australia, Singapore, Taiwan, Hong Kong, and the US have been identified as developed regions with the most growth potential by rail and road buyer respondents, whilst ship buyer respondents prefer Singapore, Taiwan and Hong Kong, South Korea and Australia.
ICD Research’s industry survey revealed that, the average size of the global annual marketing budget for transport industry supplier respondents in 2010 was US$3 million. Although this had risen to US$4.6 million for 2011, 82% of supplier respondents plan to spend less than US$250,000 on marketing budgets with 8% of respondents planning to spend between US$1 million and US$10 million. Companies intend to keep budgets low.
‘Email and newsletters’, ‘conferences or events’ and ‘corporate or brand websites’ are expected to achieve the strongest investment gains. These new media channels have increased in importance among suppliers in the transport industry. With the rapid development of online social networking channels such as Twitter and Facebook, new opportunities are provided for respondents to effectively communicate messages between industry partners to build networks. However, ‘newspapers’, ‘radio’ and ‘telemarketing’ are expected to show the lowest investment gains, therefore less investment will be put into media channels such as these. The key areas of investment amongst marketing and sales solutions activities for the next year will be ‘Market intelligence research’, ‘business performance management solutions’ and ‘Customer Relationship Management (CRM) systems’.
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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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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.
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Thursday, 22 March 2012

The Argentine Packaging Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016


The growth in domestic demand from the retail and food processing industries and demand for exports in global markets is expected to stimulate growth in the packaging industry in Argentina between 2012 and 2016. During the review period (2006 to 2010), the Argentinean packaging industry continued to record growth, despite the global economic recession.

The Argentine packaging industry has evolved in accordance with developments in the country’s agriculture, food processing and retail sectors. In addition, the above average growth rate in the Argentine retail industry and a growing export market have attracted foreign companies into the country’s packaging industry. In 2011, the Argentine packaging industry accounted for 1.1% of the country’s GDP. During the review period (2006- 2010), the key packaging end markets for the Argentine packaging industry such as retail and processed food and drinks industries, have recorded growth which can be attributed to domestic demand and exports to global markets.

Argentine packaging industry supported by domestic demand and proximity to Brazil and the US
Argentina is the second largest country in South America and is the eighth largest country in the world. Argentina is known for its availability of arable land and developed agro-industrial capacity, and is also one of the largest producers of vegetable oil, including soybean oil, sunflower oil and peanut oil, in the world. In addition, Argentina’s proximity to countries such as the US and Brazil provides export opportunities for Argentine products. Between 2007 and 2011, the Argentine packaging industry increased at a compound annual growth rate (CAGR) of around 6% and is expected to at a similar rate during the forecast period (2011–15).

Growth in organized retail such as supermarkets and hypermarkets expected to drive Argentine packaging industry growth
In 2009, organized retail stores such as hypermarkets, supermarkets and warehouse stores, accounted for 31% of the country’s food and drinks market. Many leading international retail companies such as Wal-Mart, Carrefour, Casino and Jumbo operate in Argentina, and Coto and La Anonima are the only large retailers which are domestically owned. Hypermarkets and supermarkets are expanding their presence in the country’s retail market through the purchase of smaller chains and the opening of new stores. Of total imported food and drink products, 70% are sold through large retail outlets, and the increased penetration of large retail outlets coupled with higher sales volumes is expected to support demand in the Argentine packaging industry during the forecast period (2011–15).

Growth in packaging machinery demand is largely driven by agriculture and food processing industry growth
The Argentine packaging industry has evolved in accordance with the development of the country’s agriculture, food processing and retail sectors and investment in technology. Moreover, the growth strategy adopted by the large retail companies is expected to further stimulate the Argentine packaging machinery market between 2012 and 2016.
The implementation of recycling law in Argentina remains unapproved by government
In Argentina, waste management and recycling law has not been approved or implemented by the country’s government. Although the National Packaging Law, a bill on the environment and recycling initiatives was drafted in 2005, it has not been debated in Congress. The bill was drafted with the participation of the Argentine government and industry representatives and focuses on the reduction of solid waste and toxins in the environment. Any further delay in the implementation of waste management and recycling law will have a detrimental impact on the growth of the Argentine packaging industry.

Growth in organized retail and food processing industries expected to enhance the penetration of packaging materials
In Argentina the growth in the retail and food processing industries will increase the market size and penetration of the Argentine packaging industry, as a result of the increased demand for packaging materials and products. With the rise of supermarkets and hypermarkets, the country’s retail sector has demonstrated growth. Moreover, the growth in the food processing sector in addition to the retail growth is forecast to increase the penetration of the packaging industry in Argentina to 2016.

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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.
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Monday, 19 March 2012

The South Korean Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016


The capital expenditure allocation for the South Korean army is expected to grow at a CAGR of 7.90%, from an estimated US$1.9 billion in 2010 to over US$2.75 billion in 2015. Indeed, while there will be significant reductions in army manpower leading up to 2020, as part of the government’s Defense Reform Plan 2020, this reduction will be compensated by the acquisition of advanced technology and weaponry that requires minimal manpower.


During the forecast period (2011 - 2016), the capital expenditure allocation for the South Korean navy is expected to grow at a CAGR of 7.90%. This will equate to an average of 15.84% of the total capital expenditure budget. The growth is attributed to the increased threat of sea hijacking by pirates and the need for increased maritime surveillance.

To strengthen the country’s intelligence and surveillance capabilities, the South Korean government has allocated 7.67% of its capital expenditure budget towards the procurement of new command, control, communications, computers, intelligence, surveillance, reconnaissance and electronic warfare (C4ISREW) equipment. Indeed, it is estimated that the budget for surveillance and intelligence will grow at a CAGR of 7.90% during the forecast period (2011 - 2016).

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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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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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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Friday, 16 March 2012

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



London, March 16th, 2011 - The Indian defense market offers numerous market opportunities to both domestic and foreign manufacturers. As one of the largest defense equipment markets in the world, the country is expected to spend considerably on its military over the forecast period. Due to India’s ageing military systems, the country needs to modernize its equipment, which will lead to an increase in capital expenditure for procuring new defense equipment. The country is also forecast to spend a significant amount of money on homeland security, intelligence and cyber security. This is primarily due to India’s hostile neighbors of China and Pakistan, who have invested heavily in their defense markets, the threat of terrorism and internal security concerns. India is also one of the fastest-growing defense markets globally, with total defense expenditure registering a compound annual growth rate (CAGR) of 12.57% during the review period (2005–2010). Total defense expenditure is expected to achieve a CAGR of 13.08% during the forecast period (2011–2016).
Increased spending on homeland security
Government spending on India's homeland security market has increased significantly as a result of terrorist attacks, the smuggling of arms and explosives, and domestic insurgency. In 2010, the country's homeland security budget registered an increase of 12.8% over the previous year. Due to the nature of the security threats which the country faces, the main opportunities for growth in homeland security are expected in the aviation, mass transportation, maritime security markets, surveillance technology, global positioning systems, radars and biometric systems.
India is a large defense importer
India is one the world’s largest importers of military hardware, and uses imports to fulfill 70% of its defense requirements. While India aims to procure 70% of its defense requirements domestically, the country relies upon imports to procure advanced technology, and, since most of the equipment India is seeking uses advanced technology, there will be significant prospects to import defense equipment to India during the forecast period.
Several foreign companies are entering the Indian defense industry through joint ventures
Government regulation only allows foreign players a maximum equity holding of 26%. Despite this, the number of foreign companies entering the Indian defense industry through joint ventures has increased over the review period. The main reason for this increase is the awareness that the Indian defense industry is growing strongly, and the expectation that forming a joint venture will bring future benefits as the country looks to procure defense equipment domestically.Furthermore, gaining a domestic market presence will become important in order to take advantage of market opportunities as they emerge in the future.
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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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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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Thursday, 15 March 2012

Global Cyber Warfare Market 2011–2021


London, March 15h, 2012 – The global spending on cyber warfare systems is expected to remain robust over the forecast period due primarily to the increased importance of such systems in modern warfare. The formation of the US Cyber Command or USCybercom, the highest defense spender globally, highlights the importance of cyber warfare in today’s world. The rise in new technologies such as social networks, mobile devices and cloud computing, combined with the economic downturn is driving the pace of innovation in the field of cyber warfare.

Consumer driven IT has resulted in organizations losing control over their ability to manage their data by defining a perimeter. Weak economic conditions have meant that companies are striving to find ways and means to remain competitive. This is where innovation is seen to be sustaining the cyber warfare industry with sub-sectors such as identity and access management, data security and network security expected to record significant growth over the forecast period.

North America is expected to account for the largest share of the total global cyber warfare market, representing a 46% share over the forecast period. Regional demand is primarily driven by the growing threat from Chinese, Russian and Iranian cyber attacks on US military and civilian networks (reference see graph below).



The cyber security institutional eco-system which consists of a broad set of international, national, and private organizations has unclear and overlapping boundaries as well as differing capacities due to which a comprehensive database on such malware has not been developed.

As most cyber weapons are developed in secrecy, defenders will have limited knowledge with regards to the capabilities of the weapons and will not be able to update or modify the cyber defense mechanisms accordingly.

The cyber security industry is plagued by lack of trust among different parties which further leads to data not being shared. This trend is increasingly being viewed between the public and private sectors where any possible alert is shared only amongst trusted people and not via the official channel, which prevents deep penetration of critical data and facilitates instances of cyber crime.

New technologies such as cloud computing, social networking and the proliferation of mobile devices have also resulted in an increase of cyber attacks. These factors are expected to drive the demand for cyber security programs.

With budget cuts being implemented, many countries are looking to channel their resources towards certain areas of military spending. For example the US is looking to phase out tanks and other major weapons programs and divert its spending towards IT and cyber security programs. The increase in the severity of cyber attacks and the growing size, interconnectivity, and the complexity of critical IT infrastructure is driving the demand of cyber security globally.

The range of technologies available with respect to cyber attack and cyber defense systems is evolving rapidly and this is driving the demand for cyber security systems globally. Securing cloud computing environments are expected to be a key focus in the cyber security domain over the forecast period and will continue to drive the demand for such systems.

About Industry Review:
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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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Tuesday, 13 March 2012

The Future of Construction in Croatia - EU Integration and Infrastructure Investment to Stimulate Construction


The global financial crisis affected the Croatian economy badly, and its construction industry lost 6.0% in 2009 and a further 17.1% in 2010.

London, March 12, 2012 – Within the Croatian construction industry, infrastructure construction was the largest market in 2010, with a share of 48.6%. In terms of growth, residential construction was the fastest-growing market over the review period, with a CAGR of 4.56%. This was followed by industrial construction, with a CAGR of 3.26% (reference figure 1 below).


Croatia was one of the few emerging countries in Europe that failed to cope with the global crisis in 2009 and 2010. Despite conservative monetary policies and a well-capitalized banking and financial structure, the Croatian economy slumped in 2010 and the construction industry declined. Declining budget revenues and uncertainty about the pace of the economic recovery led to the government revising its budget three times. The construction industry depends largely on public-sector investments, with most projects coming from the government.

Croatia’s economy, as well as its construction sector, are expected to recover in 2011, albeit marginally. The economic recovery is, however, subject to uncertainty as the country has a high external debt that is coming to maturity in the short term. World Bank estimates put Croatia’s external debt at 87% of its GDP, as of mid-2009. This upcoming debt maturity and tight domestic and external financing conditions leave the Croatian economy with the difficult task of recording a notable recovery in 2011.

The Croatian construction industry grew at a CAGR of 0.25% in the review period. The global financial crisis affected the Croatian economy badly, and its construction industry lost 6.0% in 2009 and a further 17.1% in 2010. In 2009, the country’s credit markets remained frozen because of the government’s refinancing needs, and as a result were unable to provide any stimulus to the market.

The Croatian construction industry is expected to witness a marginal growth of 2.1% during 2010, and is expected to grow at a CAGR of 3.13% over the forecast period. Growth is expected to be led primarily by the infrastructure construction market, which is forecast to grow at a CAGR of 4.36% during the forecast period. It has followed a similar trend to the European construction industry over the last few years, with smaller companies being able to adapt more easily to changing market conditions. As a result, there are growing numbers of small companies, while the number of large companies has dropped.

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

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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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Friday, 9 March 2012

UK Foodservice Operators' Business Sentiments and Spending Priorities 2012


The UK Foodservice industry is confident of revenue growth in 2012
Respondents from companies operating in the profit sector channels are confident with regards to the growth of the foodservice industry over the next 12 months. In total, 62% of respondents from the profit sector channels are “very confident” or “confident” about revenue growth. The highest levels of optimism are identified among foodservice operators in the catering channel, with 82% of such respondents confident of growth. The ongoing recovery of the UK’s economy, rising employment opportunities, the London 2012 Olympic Games and expectations of an increase in disposable income are projected to drive revenue growth within the foodservice industry in 2012.

Overall, 41% of respondents in the cost sector channels expect an increase in foodservice budgets. While 30% of respondents expect no change and 19% expect budgets to decrease.
On average, accommodation foodservice operators expect to see the greatest increase in profitability of 3.4%, followed by operators in the catering channel who expect an increase of 2.9% and operators of pubs, leisure and travel and restaurants who expect respective increases of 1.3% and 0.3%. Operators in the workplace channel project the lowest increase in profitability with a decrease of -1.7%.

Food and beverage prices are expected to increase slightly in 2012, but suppliers are projected to increase their prices
A total of 75% of respondents from the profit sector and 56% from the cost sector expect an increase in food and beverage prices, however, 17% of respondents from the profit sector and 28% of respondents from the cost sector expect prices to “increase considerably.” Concerns such as increases in the cost of raw materials and high inflation rates have severely impacted supplier companies’ profit margins and as a result operators expect suppliers to pass on the price burden to customers over the next 12 months.

Over 65% of respondents across profit sector channels expect supplier prices to increase. Notably, 100% of respondents from the caterers channel and 97% of respondents from the pubs, leisure and travel channel forecast an increase in supplier prices over the next 12 months. With foodservice operators already running with tight margins, any increase in raw material, fuel or commodity prices will force foodservice supplier companies to increase their prices over the next 12 months.

‘Seasonal updating of menu and drink menu options’ is expected to drive demand in 2012
According to 28% and 27% of respective respondents, “improving sanitation and hygiene” and the “seasonal updating of menu and drink menu options” are considered important drivers of customer demand for foodservice operators in the profit sector channels. “Targeting customers’ online” and “innovating menu and drink menu options” are considered important drivers of customer demand as identified by 22% of respondents each.

The “Seasonal updating of menu and drink menu options,” “providing balanced diet options” and “innovating menu and drink menu options” are considered important drivers by 41%, 33% and 31% of respective respondents in the cost sector. Stringent government guidelines with regards to healthy eating habits and a focus on the nutritional value of meals are encouraging foodservice operators to provide a balance diet to educational institutions. The ability to offer cost-effective, balanced diet options will significantly increase an operator‘s chances of success in the market.

The seasonal updating of menus helps foodservice operators to procure food from local farms based on availability. The taste, freshness and safety of such food encourage customers to visit restaurants, pubs and other foodservice outlets. Since local procurement decreases transportation costs products may be offered to customers at reduced prices.

‘Increasing cost of raw materials’, ‘decreasing consumer or government expenditure’ and ‘increase in value added tax’ are key concerns for the UK foodservice industry
According to the survey results, the “increasing cost of raw materials,” “decreasing consumer or government expenditure” and “increase in value added tax” (VAT) are the most pressing business concerns faced by the UK foodservice industry. The “increasing cost of raw materials” is considered a critical concern by 70% of respondents from the profit sector and 59% from the cost sector, as the price of agricultural commodities increases. According to a press release by the Office for National Statistics in December 2011, the highest increase in prices were registered by food and non-alcoholic beverages, wherein the prices of fruits increased by 6.4% and meat by 1.6% during October–November 2011. A rise in fuel prices has also increased the financial pressures on foodservice operators.

With the exception of the restaurants and workplace channels, the majority of respondents across all channels are either “very concerned” or “moderately concerned” about the costs incurred when displaying nutritional or calorie information on their products. With an increasing number of UK citizens‘ dining out and health budgets growing to tackle obesity levels, a total of 37 food companies in September 2011 agreed to voluntarily provide calorie information as part of the government‘s public health responsibility deal. Displaying calorie information on food and drink items is expected to help consumers identify healthier foods and better manage their diets.

‘Price’, ‘quality of product’, ‘existing relationship with supplier’ and ‘speed of delivery’ are key elements of supplier selection process
“Price,” “quality of products,” “existing relationship with supplier,” and “speed of delivery” are considered key factors for supplier selection by respondents in both the profit and cost sectors. Of respondents from the cost sector, “level of after care service” and “healthiness of products” are also considered important by 33% and 44% of respective respondents.

According to 86% and 79% of respective respondents from the profit and cost sectors the “quality of products” is considered one of the primary factors when considering supplier selection. Customers in UK are becoming increasingly aware of buying superior quality, value for money products. The FSA has a set of strict regulations on food usage. It mandates foodservice operators to know the source of their products and food processing quality standards.

An increase in capital expenditure is expected in ‘new product development’, ‘IT infrastructure development’ and ‘equipment machinery or purchase’

“New product development,” “IT infrastructure development” and “equipment or machinery purchase” are areas that will register a “significant increase” or “increase” in investment, as identified by 44%, 43% and 41% of respective profit sector respondents. Foodservice operators are concentrating on innovating new product combinations to attract customers to their food outlets. For example, SeeWoo, a supplier of oriental foods to restaurants, developed the first extra virgin soy sauce in UK in January 2012.

Among cost sector respondents, 42%, 38% and 33% respectively report a “significant increase” or an “increase” in areas such as “IT infrastructure development,” “equipment or machinery purchase” and “expand premises.” During the 2011 survey, “new product development,” investment in “IT infrastructure development” and “equipment or machinery purchase” were identified as areas likely to register an increase in investments.

Offering ‘locally grown produce’, ‘fresh food’ and ‘vegetarian offerings’ are prominent trends in the UK foodservice industry
“Locally grown produce,” “fresh food,” “vegetarian offerings” and “meals prepared from scratch” are the prominent trends identified by respondents from profit and cost sector channels. A growing awareness of healthy eating habits among customers has led to an increase in a demand for fresh food. This has supported the demand for “local produce,” which UK foodservice operators consider one of the best ways to provide fresh food to their customers.

A total of 40% of respondents from the restaurant channel expect an increased investment in “organic produce.” Significantly, many customers are changing their eating habits from away from those foods grown with the aid of pesticides towards organic foods, which contain more nutrients, minerals and vitamins than foodstuffs that have been intensively farmed. Such a change in consumer trends has induced many restaurants in the UK to increase their expenditure towards organic produce.

An increase in capital expenditure is expected in ‘new product development’, ‘IT infrastructure development’ and ‘equipment machinery or purchase’
“New product development,” “IT infrastructure development” and “equipment or machinery purchase” are areas that will register a “significant increase” or “increase” in investment, as identified by 44%, 43% and 41% of respective profit sector respondents. Foodservice operators are concentrating on innovating new product combinations to attract customers to their food outlets. For example, SeeWoo, a supplier of oriental foods to restaurants, developed the first extra virgin soy sauce in UK in January 2012.

Among cost sector respondents, 42%, 38% and 33% respectively report a “significant increase” or an “increase” in areas such as “IT infrastructure development,” “equipment or machinery purchase” and “expand premises.” During the 2011 survey, “new product development,” investment in “IT infrastructure development” and “equipment or machinery purchase” were identified as areas likely to register an increase in investments.

Offering ‘locally grown produce’, ‘fresh food’ and ‘vegetarian offerings’ are prominent trends in the UK foodservice industry
“Locally grown produce,” “fresh food,” “vegetarian offerings” and “meals prepared from scratch” are the prominent trends identified by respondents from profit and cost sector channels. A growing awareness of healthy eating habits among customers has led to an increase in a demand for fresh food. This has supported the demand for “local produce,” which UK foodservice operators consider one of the best ways to provide fresh food to their customers.

A total of 40% of respondents from the restaurant channel expect an increased investment in organic produce‘. Significantly, many customers are changing their eating habits from away from those foods grown with the aid of pesticides towards organic foods, which contain more nutrients, minerals and vitamins than foodstuffs that have been intensively farmed. Such a change in consumer trends has induced many restaurants in the UK to increase their expenditure towards organic produce.

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Tuesday, 6 March 2012

Global Department Stores Market Size and Forecast to 2015


London, March 6th, 2012 - The global department stores market is highly concentrated. Large US store chains, including Sears Holdings, Macy‘s and TJX, dominate the global market. The global department stores market has been contracting in recent years as it is faced with increased competition from hypermarkets, discounters and online retailers. Market values of department stores are expected to continue declining in the next decade as an increasing number of consumers choose other retail channels as they seek better value for their money.


TJX performed the best on an overall basis among the leading global department stores. Its strong performance was demonstrated by the high scores it received for the scale and growth, operational efficiency and financial performance pillars. The next best overall performing department stores in the peer group were Marks and Spencer and Kohl's. While Marks and Spencer‘s performance was strong in scale and growth and operational efficiency pillars, Kohl's had a strong performance in scale and growth and financial performance pillars. Isetan Mitsukoshi recorded the least impressive overall performance, which was very poor compared with the department stores channel as well. Its poor performance was primarily driven by the low scores it received across all the three pillars: scale and growth, operational efficiency and financial performance. On an overall basis, only three out of 10 companies in the peer group performed better than the channel average.

Both TJX and Kohl's were the best performers under scale and growth pillar in the peer group. TJX‘s strong performance can be attributed to the high scores it received in the scale metrics: revenue, retail floor space, store count and employee count. Kohl's strong performance was due to the high scores it received in the revenue, retail floor space, store count and employee count metrics.

Based on the scores received by the peer group companies, it can be inferred that these companies performed better than the department stores channel on the revenue, retail floor space, store count, and employee count metrics. However, their performance was weaker than, or comparable to, the channel average in growth metrics and market capitalization. Of the 10 peer group companies, six performed better than the channel average under this pillar.

Marks and Spencer performed the best under the operational efficiency pillar in the peer group. The company‘s strong performance can be attributed to the high scores it received in the EBITDA margin and in area productivity metrics, which was due to the company‘s increased focus on operational efficiency and improved logistic management. However, the company‘s performance was the least impressive in sales per employee and fixed asset turnover.

In general, the peer group companies performed better than the department store channel average on the sales per square meter and sales per employee metrics. However, the peer group performance was weaker than the channel average on EBITDA margin, net profit margin, inventory turnover and fixed asset turnover under the operational efficiency pillar.

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Friday, 2 March 2012

Global Defense Supplier Industry Outlook Survey 2011–2012


While defense suppliers are optimistic of revenue growth, they identified decreasing defense expenditure as a major concern over 2011–2012.
London, March 2nd, 2012 – An increase in demand for national security priorities such as cyber security, satellites and nuclear defense is expected to increase sales of military equipment across the world, however market uncertainty is of concern, impacting supplier’s ability to forecast and implement a business strategy for the years ahead. Since the global economic crisis, defense contractors who also own commercial lines of business have performed well.

The Middle East and Asia-Pacific are forecast to be key markets in the coming years, with India, Saudi Arabia and the UAE expected to invest heavily and the region comprising Singapore, Taiwan and Hong Kong identified as the most likely to record an increase in demand.

According to survey results, 57% of defense contractors and 56% of other service providers either have or are planning to deploy e-procurement in their organizations. Further, the average size of global annual procurement budgets among defense contractors is US$120 million, three times larger than the average size of the procurement budgets of other service providers.

Suppliers optimistic of revenue growthAcross the defense contractors’ and service providers’ industry, half of respondents are more optimistic regarding their company’s revenue growth over the next 12 months relative to the previous year. In 2011, the global defense budget is expected to reach US$1.1 trillion, with the US accounting for the largest share of this amount. An increase in demand for national security priorities such as cyber security, satellites and nuclear defense is expected to increase sales of military equipment across the world.

Since the global economic crisis, defense contractors who also own commercial lines of business have performed well. Companies such as Boeing, Oshkosh, ITT and Rockwell displayed similar strategies to balance revenue growth. Countries in Asia-Pacific express increased interest in military procurement to match their growing economic power, while defense contractors try to capture maximum share of the market. Security threats due to terrorism and territorial issues among Asian countries are responsible for driving demand for fighter aircraft and ammunition.

Decreasing defense expenditure a concernOf all defense contractor respondents, over half consider decreasing defense expenditure and market uncertainty to be leading business concerns and 42% are concerned about their ability to respond to pricing pressures. While almost 50% of other service providers are concerned about market uncertainty, more than one-third of respondents each consider decreasing defense expenditures and rising competition to be major concerns.

Asia-Pacific and the Middle East considered important marketsThe Middle East and Asia-Pacific are forecast to be key markets in the coming years. India plans to establish a defense modernization program which would make it the second largest defense spender in Asia-Pacific and the seventh largest in the world by 2016. In addition, defense expenditure across the Middle East is expected to grow by 14% over the next five years, with Saudi Arabia and the UAE considered the leading countries in the region in terms of military expenditure.

The region comprising Singapore, Taiwan and Hong Kong was identified as the most likely to record an increase in demand for defense products and services in 2011–2012. This was followed by South Korea, identified by 36% of respondents, and the US, as identified by almost 30% of respondents. Singapore intends to increase its defense expenditure by 6% during 2011–2012, and expects to further increase this in the coming years.

Significant implementation of e-procurementAccording to survey results, 57% of defense contractors and 56% of other service providers either have or are planning to deploy e-procurement in their organizations. The level of e-procurement implementation in the defense contractors’ and service providers’ industry is more in large companies, with almost one-third of companies implementing it, compared to small and medium companies, where approximately 20% of companies in each category have implemented e-procurement.

The average procurement budget size is US$71.3 millionThe average procurement budget size of respondent companies is US$71.3 million. Almost a third of respondents said that their global annual procurement budget would be less than US$250,000, while 16% plan budgets between US$1–US$10 million. The average size of global annual procurement budgets among defense contractors is US$120 million, three times larger than the average size of the procurement budgets of other service providers.



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

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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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Thursday, 1 March 2012

The Global C2/C4ISR Market 2011–2021


London, March 1st, 2012 – The US recorded budget cuts in 2011, a trend which is forecast to continue going forward. Despite this, North America is expected to account for the largest share of the total global C2/C4ISR market comprising 52% over the forecast period. Regional demand will primarily be driven by the large procurement of military aircraft, submarines and armoured vehicles which will consequently result in a demand for training programs. Asia and Europe are also expected to account for a significant portion of the total global C2/C4ISR market over the forecast period, with respective shares of 20% and 18%. This will be largely driven by the efforts of countries such as India, China, the UK and Russia to modernize their armed forces. Latin America, Middle East and Africa are forecast to account for respective shares of 6%, 2% and 2% (reference see graph below).


Global spending on C2/C4ISR systems is expected to remain robust over the forecast period, primarily due to the increased importance of C2/C4ISR systems in modern or fourth-generation warfare. Modern conflicts include a mix of physical combat, mental and tactical elements, where the enemy could be a nation or a faction of society such as a terrorist group. In such situations, C2/C4ISR systems are considered by most nations to be the most important tools for victory. The market consists of land, space, naval and airborne systems.

Global defence cuts, combined with a substantial increase in the cost of developing technologically superior weapons platforms, have encouraged collaboration between governments, services and industries. This has led to in-country and cross-border consolidation, and an increase in joint development and procurement programs, which are expected to continue over the next ten years.

The development of military communication systems that facilitate truly network centric operations (NCOs) continues to present challenges for researchers and developers and has done so for more than a decade. During this time a great deal of focus has been placed on applying commercial products and internet design methodologies to military systems. While this strategy has met with some success, it does not always translate well to the more challenging environment encountered in military operations.

C4ISR systems have evolved at a rapid pace over the last few decades and countries are now forced to regularly upgrade their products in order to keep abreast of the changes in technology, the cost of which can be significantly high. This is prompting countries to take advantage of improvements nurtured in the civilian marketplace to integrate them into military applications. The US government for example is making use of commercial hardware and software for its C4ISR systems, in order to keep rising costs in check.

The demand for land, airborne and naval systems is expected to increase, as key spenders such as the US, the UK, China, India and Brazil have launched new procurement programs. Countries facing conventional threats such as territorial disputes and hostile neighbours will also drive the demand for such systems.

The global C2/C4ISR market is expected to grow at a CAGR of 2.98%. This is primarily because key markets, such as the US, are expected to prioritize spending on C2/C4ISR systems; an element of defense spending that was not given much importance until the Afghan and Iraqi conflicts.

Next generation highly mobile front line communications are shifting away from the high power single line of contact methods, toward a low power mesh system where more operators are linked together through a multi-node mesh system. These systems will be less prone to single points of failure and will be self healing such that the communications packets find the best route to the destination based on traffic levels and available system bandwidth.

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

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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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