Analyst Insight by An Hodgson - Industry, Infrastructure and Environment Manager
The effects of El Niño, a climatic phenomenon that can disrupt weather patterns, have been seen in parts of the world since 2015, impacting economies, markets and consumers. While some countries in Asia Pacific and other regions can experience poor harvests due to dryness and heatwaves, the USA can benefit from El Niño owing to more rainfall and warmer winters. Reduced crop output can result in food price hikes, triggering inflation and higher costs for countries that rely on imported food.
- El Niño is a phenomenon that occurs irregularly in the tropical Pacific Ocean every two to seven years and affects weather all around the world. Scientist have confirmed the arrival of an El Niño event in March 2015 and warned that its effects could last until the end of the year;
- The El Niño in 2015 is likely to bring reduced rainfall and dryness in Southeast Asia, Australia, India and West Africa, affecting production of major crops in these countries. Agriculture plays an important role in many economies including Vietnam, Indonesia, India and the Philippines. In 2014, gross value added (GVA) from agriculture, hunting, forestry and fishing accounted for 14.3% of Indonesia’s total GVA. Meanwhile, El Niño weather shock can actually benefit the USA as it helps to reduce drought in California, diminish tornadic activity and hurricanes, and bring warmer winters;
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Location: Jakarta, Indonesia
Date: 27 August, 2015
Event Description: Euromonitor International is pleased to partner with and speak at the in-cosmetics Indonesia Roadshow. Offering a free taste of the in-cosmetics Asia exhibition, this Jakarta-based Roadshow will feature a full day of educational sessions for the cosmetics formulation market, and ingredients suppliers will showcase their latest products at small stalls. The Roadshow is aimed at cosmetic manufacturers involved in R&D, testing, new product development, marketing and regulations with a keen interest in the technical and scientific aspects of personal care product formulation.
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Analyst Insight by Shreyansh Kocheri - Research Analyst
Just as Nepal was recovering from a decade long political uncertainty, the country was hit by an earthquake of magnitude 7.9Mw in April 2015, with aftershocks being felt even in May. In the short term, various tourism segments will be negatively impacted by this; however it is expected that Nepal’s inbound arrivals will bounce back by the end of 2016.
Tourism a key contributor to the Nepalese economy
The Nepalese economy witnessed its strongest real GDP growth of 5.5% in 2014 due to a rebound in agriculture and increased domestic demand. Tourism is an important industry for Nepal’s economy and is also one of the key sources of foreign exchange and revenue. According to the World Travel and Tourism Council (WTTC), the total direct contribution of travel and tourism to Nepal’s GDP was NPR75.6 billion, contributing 4.2% of the whole economy GDP in 2014.
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Super premium foodservice operators, which include coffee shops and bakery cafes, are expanding internationally and looking to Japan to take that first step. Many of these operators are creating an artisanal spin on concepts that are tried and true, and Japan is a natural step in their business plans. The country has been offering expertly crafted food and beverages at low prices for years, including noodle shops, bars, and other traditional formats. This makes premium concepts an easier sell for consumers in the country.
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