For example in the US, every sixth worker is involved in the making of an automobile. The USA and Japan are the leaders with around 42% of the total world market. However, since the last two to three years, the international passenger car industry has been witnessing an over capacity of more than 30%. Ridesharing, Intelligent mobility and Big Data Analytics are the key trends that influence the market in the current scenario. Global sales are expected to grow by over 5% to reach 91.5 million vehicles.
Trade with the United States North American neighbors has more than tripled, and is growing substantially more rapid than U.S. trade with the rest of the world. Canada and Mexico account for more than a third of the United State’s total exports. The deal has has had a positive impact on the U.S. GDP, “of less than 0.5 percent, or a total addition of up to $80 billion dollars to the U.S. economy upon full implementation, or several billion dollars of added growth per year” (Council on Foreign Relations, CFR). Also, there are many U.S. jobs that rely heavily on trade with Canada and Mexico; it’s estimated that nearly “fourteen million jobs rely on trade with Canada and Mexico, while the nearly two hundred thousand export-related jobs created annually by the pact pay 15 to 20 percent more on average than the jobs that were lost” (Council on Foreign Relations, CFR). Although some jobs are lost due to imports, other jobs are being created and consumers are benefiting significantly from the improved quality of good and decreased
INDUSTRY ANALYSIS The automotive industry in India is one of the largest automotive markets in the world. It was previously one of the fastest growing markets globally, but it is currently experiencing flat or negative growth rates. In 2009, India emerged as Asia's fourth largest exporter of passenger cars, behind Japan, South Korea, and Thailand, overtaking Thailand to become third in 2010. As of 2010, India was home to 40 million passenger vehicles. More than 3.7 million automotive vehicles were produced in India in 2010 (an increase of 33.9%), making India the second fastest growing automobile market in the world (after China).
Eastern Europe, which encompasses the Ukraine and Russia, posted a 7.9% gain in 2015, growing from $16.4 billion in confectionery sales to $17.7 billion. Latin America and the Middle East/Africa outpaced all, posting 22% and 12% gains, respectively. Chocolate sales proved most lucrative for the United States confectionery market in 2015, generating total revenues of $21.1 billion, equivalent to 60.5% of the market's overall value (candyindustry.com). The performance of the market is forecasted to decelerate, Technavio's analysts forecast the confectionery market in the US to grow at a CAGR of 1.57% by revenue during the period 2016-2020. Comparatively, the European market countries like U.K, Germany, Greece, Italy and Russia will grow between 1 to 2 % (global confectionery
Strategic Audit CNO Financial Current Situation Current Performance Bankers Life and Casualty, Washington National, and Colonial Penn insurance companies are the main divisions operating under the parent company of CNO Financial. CNO Financial reported revenue earnings of $3.8 billion in 2015, which was a decrease from the previous year growth of $4.1 billion. However, quintupling net income of 2014 of $51.4 million to an astonishing $270.7 million shows a superior performance over the previous year. CNO Financial carries operating earnings of $275 million in 2015, which is an increase from the previous year of $259 million (CNO Financial Group, n.d.). Continually improving market share within the middle market is a focus for CNO Financial.
Large percentage of Germany's men were passed on. Germany was count up the biggest client of the U.S. welfare state, but with the hard work, Germany was going to be built again, and ten years later people were speaking about the German economic miracle. The two main reasons were a currency reform and the dismissal
Thailand has undergone major industrial and social transformation amid rapid economic growth and development for over half a century. It is now the second largest economy with the 4th highest income per capita in the Association of Southeast Asian Nations. It has successfully shifted its economy from agriculture to export-oriented manufacturing, while integrating key production, particularly automobiles and electronics, into regional value chains. It has also been quite successful in attracting foreign direct investment, particularly in export-oriented sectors. A series of shocks over the past decade has hit the economy in the last 10 years, however, including a coup in 2006 and subsequent political unrest, the global financial crisis and
And wages in Paris are almost double than the ones in less developed areas of France. Unemployment Unemployment has been a big worry for many European countries and France is no exception. Unemployment level reached a record high this March with about 3.35 million people unemployed. Since the 2008 recession, the levels have soared and stands today at 10.3%. Exports and Imports More than 20% of the GDP is through exports which comprises mainly of raw agricultural products, wine and other beverages and dairy products.
Denmark is the 39th largest economy of the World. Due to the being one of the strongest economies of Europe, Denmark has mixed economy which made up of mostly related on human resources, oil and gas wells on North Sea and agricultural goods production. The GDP of Denmark is 60,268 USD per capita and the amount of people living is 5.7 million people. For analyzing the connection between Denmark and its biggest trade partners, we apply the Gravity model. The formula of Gravity Model is Fij=G*Mi*Mj/Dij Where, Fij is the volume of trade between two countries, G is gravitational constant, MiMj is economic masses of countries, Dij is the distance between countries i and j.
Their life expectancy was 68 - 98 years and fertility rate was 2.3% and the net immigration has increased drastically especially with the acquisition of northern Ukraine. Russia was chosen as a target market because of their surging economy and Russia been the largest country in the world as they occupy one- eighth of the earth’s inhabited land area. Russia is also blessed with a population of 143million people with GDP of -4.9% and they have been graded as the fastest growing economy by G8 analysis of industrialized nations. Russia also has a very low level of public debt and their financial institution has really improved with modern banking infrastructures. They have a lucrative market and the exchange rate is $31.5 Russia is also a unique target because of the very young consumer society who are pric conscious but always over willing to pay for the quality perceived from any product.