Category: General

Retail News Asia is committed to providing both local and global retailers with the latest General Retail news throughout the Asian market. This on a daily base.

  • Digital and data central as French retailer Carrefour speeds up turnaround

    Digital and data central as French retailer Carrefour speeds up turnaround

    French supermarket group Carrefour on Tuesday, € 3 billion (3.47 million) between 2022 and 2026 to strengthen digital commerce expansion and increase profits in line with Boss Alexandre Bomper’s future strategic plans. I promised to spend $ 10,000).

    E-commerce is the main driver of online push, as Europe’s largest food retailers aim to stay ahead of Amazon in grocery delivery and speed up ongoing turnarounds. -Boosted by Express Delivery and Innovative Services-Lamp-Upsizing Data and Retail Media, and Digitizing Financial Services.

    “Digital will be at the heart of our next strategic plan by 2026. This is a great opportunity for Carrefour,” Bompard Chairman and CEO told investors on Group’s Digital Day.

    By 1442 GMT, Carrefour shares were up 2.2% at € 15.70. However, when Bompard acquired it in July 2017, its shares were 30% below that level. He secured another three-year term in May.

    Carrefour has spent € 2 billion on technology and digital expansion in the first stages of its turnaround plan since 2018, trebling food e-commerce activity in the process.

    As a result of the new digital push, Carrefour has raised its total annual investment target to around € 1.7 billion. This is the € 1.5-1.7 billion cap given in early 2021.

    “Now that the first successful transformation plan is nearing its end, we’re bringing Carrefour, a traditional e-commerce retailer, a digital retailer that puts digital and data at the heart of all its operations and value creation. I want to transform into a model. “

    “Today, it’s very difficult for them to enter the food market, especially fresh food, and we have to find a model that they can’t replicate,” Bompard commented on the competition with Amazon.

    Carrefour said the additional investment could triple the total value of e-commerce products (the total value of products sold) from 2026 to € 10 billion.

    Digital forecasts an additional € 600 million in recurring operating profit in 2026 compared to 2021. “This will be minimal,” added Matthieu Malige, Chief Financial Officer.

    Carrefour, in the later stages of its five-year turnaround plan, which began in January 2018, has two planned partnerships. This year did not fail-one in Canada One with Couche-Tard and Auchan from France.

    Past digital initiatives ranged from strategic partnerships with Google to rapid grocery delivery service transactions with Uber Technologies.

    Carrefour announced on Tuesday that it would set up a dedicated venture capital fund to allow it to acquire minority shares in companies involved in innovation and emerging technologies.

  • Dark Mode arrives on the iOS version of Google Maps

    Dark Mode arrives on the iOS version of Google Maps

    Back in August, Google announced that the iOS version of Google Maps was getting Dark Mode. The feature has been available since September. We should point out that if you set your iPhone to system-wide Dark Mode by going to Settings > Display & Brightness and tapping on Dark, Google Maps will not go to Dark Mode. So if you want the app to run on the latter, follow these directions.

    Open Google Maps (which goes without saying although we just said it anyway, didn’t we?). Tap on the circle with your profile picture or first initial in it located on the right side of the Search bar at the top of the screen. Tap on Settings and under the USING MAPS headings, you’ll see a listing for Dark Mode.

    When you tap on Dark Mode, it will open a page with three options: On, Off, Same as device setting. Tap on On and the entire app goes into Dark Mode immediately. Menus that have black text on a white background will show a black background with white text which isn’t as likely to burn a hole in your retina as that intense white background is.

    Tap on Off and Dark Mode will not turn on at all. The last option is the Same as device setting. This means that the app will follow the settings you have chosen for your iPhone. Using Dark Mode reduces the strain on your eyes, makes the screen easier to read, and if you have an AMOLED display, it can save battery life.

    Since an AMOLED display doesn’t require a backlight, the color black is created by turning off the appropriate pixels.

  • Meta looking into launching its own retail stores in the US

    Meta looking into launching its own retail stores in the US

    Facebook’s parent company Meta is looking into opening its own retail stores in the United States, according to a report.

    The stores will largely be used to show off the business’ physical goods, such as its virtual reality headsets and video chat tablets which are already sold in other chains across the country, and allow customers to try them out in a bid to get them hooked into Meta’s forthcoming ‘metaverse’.

    “Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when we got started,” Meta CEO Mark Zuckerberg said when announcing Facebook’s name change.

    The first Meta flagship store is likely slated for Burlingame, California. The store was likely going to be called the ‘Facebook Store’, though it remains to be seen if this will still be the case after the business’ rebrand last week.

    Meta is late to the party on launching its own physical stores, with fellow tech giants Amazon and Google both having launched their own stores in the last few years.

    However, with its roughly 2.9 billion monthly active Facebook users globally as of the third quarter of 2021 (according to Statista), the business has a large pool of potential consumers to market itself toward.

  • WhatsApp multi-device support will roll out to all in mandatory update

    WhatsApp multi-device support will roll out to all in mandatory update

    The multi-device supportability was introduced this summer in a beta version to select users, and much more recently, became available for testing on a stable version of WhatsApp. Thousands of users took advantage of this and joined the multi-device beta program to be able to use WhatsApp from their laptops or tablets.

    It was a feature you could opt into at your discretion through the phone app itself. If you wanted to be able to log in through a different device, you’d have to specifically enable the feature on your phone, as it’s still technically in beta—that is, until now.

    A report by WaBetaInfo reveals that multi-device support will very soon be more or less forced upon users in an upcoming WhatsApp update. The team at WaBetaInfo discovered that the option to opt-out of the multi-device support program has been removed for users, meaning it is now a permanent feature of their account.

    They can now no longer leave the program, which is certain proof that multi-support is soon to be rolled out to everyone on the platform. And, as it turns out, it will be mandatory rather than optional after the upcoming WhatsApp beta version 2.21.23.10 goes live.

    How will this affect users, you may ask? Well, if you are already using the multi-device support feature, as soon as the update arrives to bring it to everyone, you will be logged out of all your additional devices, and you will have to re-link them to your account if you want to use your WhatsApp on more than just your phone.

    For the record, WhatsApp just recently removed the requirement for users’ phones to be online if they want to use WhatsApp from a secondary device. And for what it’s worth, we know that WhatsApp is already working on bringing the ability to link WhatsApp to more than one phone (and iPads, for that matter). When that update is coming, however, is still far too early to say.

  • WhatsApp will introduce Communities, evidence suggests

    WhatsApp will introduce Communities, evidence suggests

    WhatsApp has been adding new features by the numbers in the past few months, and now the guys at WABetaInfo have dug up yet another upcoming change to the popular messaging app.

    The new feature is called Communities and it was first spotted by XDA Developers as a simple reference in the code of the latest beta version of WhatsApp. Now there are some more details about the upcoming feature, along with screenshots, courtesy of WABetaInfo.

    Judging from the aforementioned screenshots, a Community is a place similar to a group but with a tad more options for the admins. At the moment a Community chat looks much like a group chat, and it’s still a private, encrypted place – not a social network-like feed.

    There are some visual differences too – community icons seem to be more square to distinguish the new feature from group chats. The layout leaked when WhatsApp briefly enabled it by mistake only to remove it soon after.

    The Community feature will offer the ability to host different groups under its hat, and admins will have extended tools to manage those groups. The new feature is still under development for Android and iOS, and there’s no clear rollout schedule yet. More details will become available when Communities hit the Beta version of WhatsApp.

  • Airfares lowest in five years

    Airfares lowest in five years

    Domestic airfares are at their lowest levels in five years as demand remains low. Hoa of the central Quang Nam Province said: “I had to pay only VND370,000 ($16.37) for a flight from Chu Lai (in the central provinces of Quang Nam) to HCMC, a rate I have not seen in the last five years.”

    Hoa in Hanoi said a return ticket between the capital and Phu Quoc Island is now around VND1.1 million while even several years ago the cheapest fare was only VND1.5 million.

    Thu, who runs a travel agency in Hanoi, said a one-way ticket for a flight between Hanoi or HCMC to some central provinces now costs VND314,000-450,000, the lowest in five years.

    “But the number of passengers is still very small, except on key routes like HCMC-Hanoi, HCMC-Da Nang and Hanoi-Da Nang.”

    Surveys by VnExpress found that fares from HCMC to the Central Highlands town of Da Lat and the central town of Nha Trang are VND358,000, and to some other destinations are VND483,000.

    Vietjet Air sells a one-way ticket for a flight between HCMC and Hanoi at VND544,000, and Vietnam Airlines and Bamboo Airways at VND1.1-1.8 million, down 15-20 percent from a year ago.

    Carriers said they have yet to attract many customers because people are still worried about the Covid-19 threat and the stringent air travel requirements.

    A Vietnam Airlines spokesperson said: “We have resumed flights on 38 domestic routes and six international one. The number of passengers is still low, but flights between HCMC and Da Nang, and between HCMC and Hanoi are 80 percent full”.

    Vietjet said it would resume flying on 48 domestic routes by Nov. 30. It currently offers free rapid Covid tests for passengers departing from HCMC and Hanoi.

    Recently the Civil Aviation Authority of Vietnam proposed the resumption of international flights to 15 countries and territories in four phases between now and July.

    Vietnam closed its doors to foreign tourists and canceled all international flights in March last year to contain Covid, since then allowing entry only for Vietnamese repatriates and foreign experts and highly-skilled workers.

  • The Best Way That You Can Start Your Own Fashion Business

    The Best Way That You Can Start Your Own Fashion Business

    Every iconic brand has an origin story, regardless of whether they are a marketing company, work in hospitality, or are a clothing line. All of those that dominate today’s high streets and stores will have started from somewhere, and if they can do it, why not you? Of course, there are a few steps to be taken in between starting your business and becoming a major fashion brand, but what are they? The industry can sometimes be so daunting that it is hard to know where you should start. Well, wonder no more. This article will go into more detail about the best ways that you can start your own fashion business.

    Look After Your Employees

    Before we dive into aspects that pertain to fashion specifically, there has to be an emphasis placed on how important it is to ensure that you are looking after your employees. This means getting health insurance quotes and cover to keep them safe if there are any accidents, making your workplace one of fun, and acknowledging their achievements. When you do this, you will ensure you have employees who genuinely want to help your business and will stay with you as you grow.

    Identify a Need in the Market

    The most successful clothing lines won’t be able to continue to succeed simply based on the vanity of their founding designer. You need to make sure that you are taking the time to find a niche in the market that isn’t currently filled. What is this niche? Well, that all depends on you. What is currently missing from the fashion world that you believe you are going to be able to provide?

    Develop a Business Plan

    Having a well-structured and easy-to-understand business plan is essential as it will act as your guide throughout the entire journey. You need to sit there and ask yourself what your end goal for the product is and how you plan on getting there. It is all well and good to have a goal in mind, but without the steps in between start and finish, you aren’t going to have any direction you can travel in.

    Identify your Target Audience

    Your objective is not to simply identify a clothing item that you plan on putting out into the world, but you will need to understand the target audience of said piece of clothing. You need to know this because then you will have a better idea of what you should be charging for your products and how you should be marketing them. A brilliantly designed piece of clothing is going to mean very little if you aren’t able to get it in front of the right sort of customers.

    Think about your demographic. For instance, young people tend to be much more style-conscious and so are going to be more receptive to online marketing. That being said, they might not have as much money to spend, so this will impact the materials you use and how much you charge.

     

     

  • Twitter makes it easier to search through subscribers’ tweets on iOS

    Twitter makes it easier to search through subscribers’ tweets on iOS

    A new search icon has been discovered by XDA on the iOS version of the Twitter app. Tapping the magnifying glass icon at the top right corner of a subscriber’s Twitter page will search through the tweets posted by this person or account. It also can be used to go through your own tweets.

    Using the new feature is a snap. Tap on the magnifying glass to reveal the search bar, and simply type in the terms of the search. In the example that we did below, our search term was TikTok.

    That brought up a tweet that we posted late Friday night related to a story about a 16-year-old girl who used a hand gesture that she learned from watching TikTok. The gesture alerted someone in an automobile behind the one that the girl was a prisoner in, that something was not right and that the teen was in distress. Thanks to the hand gesture, the cops were alerted and used a traffic stop to arrest the 61-year-old driver.

    The new feature is actually a shortcut for a feature that Twitter users running the iOS app can already do. By tapping the search icon at the bottom of the screen and typing in From:Username Term (which in the above example is PhoneArena TikTok), you’ll get the same results as if you had used the new tool.

  • Telegram will soon launch subscription service to disable ads

    Telegram will soon launch subscription service to disable ads

    Telegram is one of the services that gained a lot of customers due to the Facebook/WhatsApp outage, but it remains to be seen how many will become loyal users or will return to their “first love.”

    The messaging service has been adding many new features in the last few weeks and we’re certain more will be coming soon. Over the weekend, Telegram’s CEO Pavel Durov made a few announcements concerning the ads that appear on large channels with more than 1000 users.

    If you’re following one or more of these channels and you’re seeing ads, you’ll be pleased to know that Telegram will launch a companion subscription service meant to disable these ads. Of course, if you don’t want to pay for such a service, then you’ll continue to see those ads, but it’s nice to know that the option is there.

    We have already started work on this new feature and look forward to launching it this month. It can be issued in the form of an inexpensive subscription, which will allow any user to directly financially support the development of Telegram and never see official advertisements in the channels.
    Additionally, Telegram’s CEO revealed that those who own big channels will be able to turn off official ads in their channels of all users. For the time being, the company is assessing the “economic conditions” for this to happen. It’s unclear how that would work, but here is what Telegram says: “advertisers will soon be able to place an ‘invisible’ ad on any channel that – assuming there is sufficient cost per impression – will result in no ads on that channel.”

    No subscription price has been announced yet since Telegram is still working on bringing this feature to users, but we’ll learn more once it’s ready for implementation.

  • WhatsApp removes online requirement for use on multiple devices

    WhatsApp removes online requirement for use on multiple devices

    WhatsApp is finally introducing an important feature that’s been promised since July, the option to remove the online requirement for use on multiplayer devices. As some of you may already know, if you want to use WhatsApp on a desktop, you must have your smartphone connected to the internet to have your conversations synced.

    The new feature that’s been in beta testing for several months allows WhatsApp users to disable the requirement and have WhatsApp run on any linked device without your smartphone being connected to the internet.

    For the time being, there’s a limit of four devices that can be connected to WhatsApp at the same time. Those who received the update should find the new feature under the “Linked devices” tab. Once enabled, WhatsApp will remove all previously connected devices, so you’ll have to add them again following the app’s instructions.

    After adding all devices that you’d like to use with WhatsApp, you won’t be needing your smartphone to be connected to the internet to sync the conversation or have access to the app. Keep in mind that the feature will not work on tablets and that there are some limitations on iPhones, such as the fact that you can’t clean or delete conversations on connected devices if your main device is an iPhone.

    Last but not least, for security reasons, if you don’t open WhatsApp on your phones for 14 days, the app will automatically disconnect all other devices and you will have to add them again.

  • The Role Of Ribbon Mixers In The Food Industry

    The Role Of Ribbon Mixers In The Food Industry

    Mixers and blenders play a critical role to transform raw ingredients for human consumption. Whether it’s blending multiple ingredients in high volume or small-scale mixing by hand, proper mixing is essential to create consistency. Even with the right amounts of flavors and ingredients, a great recipe won’t transform into good food unless its components are well-incorporated.

    Appearance, color, taste, and texture are critical parameters influenced by the mixing process. Consumers expect their food items to be the same as their last experience. So, within the food industry, the right blender for the job can provide a high level of consistency. This could be present through each batch and also from one facility to another.

    One of the most universal types of blenders in the food industry is the ribbon mixer. This article talks about the basics of a ribbon mixer and its role in the food industry. It also includes choosing the right machine, whether finding used ribbon mixers or investing in new ones.

    What Is A Ribbon Mixer?

    A ribbon mixer consists of a U-shaped horizontal trough with a double or single helical ribbon agitator rotating within it. The outer and inner helical ribbons are pitched to axially move the material in opposite directions, as well as radially.

    The ribbon tip speeds can rotate up to 300 feet per minute. This ensures blending and mixing to the highest degree of efficiency and accuracy regardless of the available quantities of ingredients.

    The Role of Ribbon Blenders In The Food Industry

    A ribbon mixer is popularly used in a variety of industries, but mostly in the beverage and food industries.

    1. Dry Blending

    The design of a ribbon blender makes it cost-effective and highly efficient for mixing dry applications. It is used in mixing dry food products such as muffin and cake mixes, cereals, bread improvers, spices and herbs, snack bars, trail mixes, infant food, and dietary supplements.

    In terms of beverages, ribbon blenders can mix coffee, including ground or whole beans.   Tea, such as tea powders or leaves, chocolate drinks, whey protein, energy drinks, and powdered juices are some products that could use a ribbon mixer.

    1. Dry To Liquid Blending

    Although dry blending is its more popular function, a ribbon mixer can also be used in the preparation of flowing pastes or slurries.  This could be used in food extrusion operations. Food extrusion is a processing technology to produce a wide variety of food products from ready-to-eat cereals and pasta to pet food and snack chips.

    The role of a ribbon mixer in the extrusion process is to homogeneously mix two or more flour, grains, emulsifiers, sugar, extrusion aids, oil, and other powders. Once the constituents are blended, water is typically added to the batch to raise the existing moisture content to a proper level of extrusion.

    Liquid ingredients are often added through a charge port on the cover. For critical applications, a liquid ingredient is added via spray nozzles installed in a spray bar located just above the ribbon agitator. Oftentimes, liquid flowrate and blender speed are fined-tune during mixing to avoid the formation of wet clumps of powder or flooding the mixture’s consistency.

    1. Other Purpose

    Unlike other machines, a ribbon mixer features a double ribbon agitator, making it a highly versatile machine not only for mixing but also for other purposes such as:

    • Granulation,
    • Vacuum drying,
    • Coating of solid particles.

    How To Choose The Right Ribbon Blender

    If you’re into the food processing business, then you need to get a ribbon mixer. Here are some tips on choosing the right one for your business.

    1. Volume And Size

    The size and volume of the ribbon mixer are the most important factors to consider when choosing a ribbon blender. This depends on the number of food materials you’re mixing and the required speed to blend them all.

    As a general rule, a ribbon blender should be filled to its swept volume, which is the area occupied by the agitator, to get an efficient mix. So, if you’re processing materials that overfill its swept volume, you need to get a larger one.

    To get the best mix in the shortest period, the mixer size is also essential. The mixer length should not exceed two and a half times the diameter of the agitator. Also, consider the width, length, volume, and height of the machine, as well as the agitator size, to ensure the perfect size for your food processing needs.

    1. Material And Finish

    Ribbon blenders are usually made from mild steel or stainless steel. However, the materials of construction and its finish will depend on the ingredients being mixed and how these ingredients are going to be used.

    For instance, in the case of food-grade ingredients, blenders should be stainless steel with special weld finishes. This is so that the machine can be easily sanitized and cleaned. Meanwhile, the exterior or non-contact areas of the ribbon blender can be made from mild steel and painted. This is in contrast with its interiors where paint can contaminate the ingredients being mixed.

    The machine can also be layered with a material such as ceramic or Ultra-High Molecular Weight (UHMW) plastic.  This might be used to enhance its longevity and performance.  Also, this is usually seen when a material is abrasive and can prematurely wear out the interior parts.

    1. Horsepower

    To choose a mixer that’s both efficient and effective, you need to use a motor with enough horsepower. Choosing a motor that’s too powerful can mean extra expenses. However, underestimating the motor power can result in the mixer not being able to process your general ingredient load.

    Most ribbon blenders operate at 20 revolutions per minute. Mixers with wider ribbons or dual agitators will require more power. A general rule of thumb for medium density material in single-agitator ribbon mixers is 10 horsepower per ton of the ingredient being mixed.

    1. Discharge Gate

    How the ingredients exit the blender is also an essential factor to consider. Some processes will need immediate discharge. In this case, a full-length drop bottom discharge gate is essential.   It releases the ingredients immediately after mixing.

    Some processes may require a pneumatic slide gate that releases gradual discharge, allowing a set amount of material to escape.  This is useful for batching, measuring, and bagging ingredients after mixing.  If you need a faster discharge rate and a tight seal, you can use multiple gates to speed up the process.

    Conclusion

    There’s no doubt that mixing and blending is the heart of the food processing and manufacturing industry. Thanks to its high-speed and efficient blending abilities, ribbon blenders have always been a necessity for getting the right consistency in your food products.

     

     

  • 6 Ways Inspection And Packaging Solutions Can Grow Your Retail Business

    6 Ways Inspection And Packaging Solutions Can Grow Your Retail Business

    A primary objective for those in the retail business is to pack good quality products in the least amount of time possible. Seamless product packaging and inspection are critical in today’s competitive business environment, and this can be attained with automated solutions.

    Unfortunately, costs associated with new equipment and employee training can make some retail businesses wary of taking that particular route. Still, there are considerable advantages to automated inspection and packing solutions. Here are just some of the ways they can increase productivity and help you grow your retail business:

    1. Speedier Production With Fewer Errors

    As competition between businesses becomes more prominent, companies face constant pressure to expand their product lines and introduce innovative products to the market, thus increasing production volume. Having the right automation solutions in your retail business can drastically improve your production speed and allow you to meet increasing production requirements.

    Quality inspections systems can help cut down on revision times, speed up the entire quality control process, and get products ready for packaging. By centralizing inspections and enabling employees to detect errors early on, a quality inspection system can fast-track the process without sacrificing quality.

    Meanwhile, the proper packaging solutions can help pack items far more quickly and safely than the average employee. They’re also capable of multitasking and folding multiple steps of the packaging process, such as sealing and labeling, into a single step.

    In addition, as production becomes more complex, quality control and packaging processes also become more challenging to manage. With workloads increasing and the demand for higher production, using manual quality control inspection and packaging means a greater chance of bottlenecks happening within the production process because of human errors.

    By switching to automated inspection and packaging machines, you can eliminate the risk of human error. These solutions help maintain a seamless flow in your production line, ensuring less room for poor quality and packing errors and ultimately resulting in less downtime and speedier production.

    1. Designed To Requirements

    Most industrial inspection and packaging machines can be designed to meet the requirements and needs of your business. Automated inspection and packaging solutions are becoming more innovative.

    From the testing period and inspection instructions to the product’s shape and how it fits in the packaging, you can customize the process as you want, ensuring that it stays in line with your business’ vision and goals.

    While most providers will only tell you what the scope of their work is when you contact them, some companies take it a step further. On websites such as the TDI Packsys website, you can click through a variety of solutions and the services they offer, so you can easily find out what they’re capable of achieving.

    1. Save On Costs

    Allowing a critical error slip or damaging products during packaging can cause significant financial implications. When an error is detected in their packaging or labels, companies will have to recall the products affected, which would cost them thousands of dollars. Also, entire batches will become unsellable inventory.

    Quality inspection and packaging systems can save you from considerable product recalls that’ll result in significant loss. Detecting even the most minor errors during quality control and ensuring that items are packed securely and safely can help improve your production floor’s overall quality and reduce returns and complaints from your customers.

    Material management is another expensive area for any retail and production company. Wasted materials for packaging and the products themselves can cost money and time should they need to be replaced.

    With quality inspection and packaging systems, you can eliminate the risk of quality issues and packaging damage that result in wasted materials and lost time. Not only that, but by effectively reducing waste as a result of minimizing errors, you can conduct business more sustainably and remove that problem’s financial and environmental impact.

    1. Differentiating Your Business

    A quality inspection and packaging system can also help set your business apart from your competition by using it to position yourself as an industry leader in automation when it comes to quality and packaging.

    You can use quality inspection and packing technology to open doors for new business opportunities by showing your customers that you’re willing to invest in systems that ensure speedier production and an extra layer of security. As mentioned before, producing the highest product quality and packaging reduces the risk of recalls, saving customers money and time while also preventing reputational damage to your business.

    Verified inspection and packaging technology gives your customers the assurance that extensive checks on quality control and packaging are being carried out in the production facility. It shows customers that you’re doing everything you can to ensure that jobs are correctly done during the production stage.

    1. Improved Ergonomics And Minimized Risk Injury

    During production, inspection, and packaging operations, it’s common for employees to perform repetitive tasks over long shifts. This can result in work-related musculoskeletal disorders (MSDs), sometimes known as repetitive strain injury or ergonomic injuries.

    Such injuries are common in the production industry and account for a third of all workplace injuries. In general, these require more than a week of recovery time, which can result in production downtime.

    Reducing the amount of repetitive work that your employees do can naturally reduce their risk of MSDs. By automating your inspection and packaging processes, you can eliminate the tedious and repetitive tasks and allow your employees to focus on more critical tasks, ultimately increasing business productivity while meeting production demands.

    1. Reduce Labor Costs

    As consumer demand continues to rise, the production industry starts to feel the effects of an increasingly competitive labor market. Nowadays, workers have more options for employment in retail, which increases wages and ultimately drives up labor costs.

    A possible solution to this minimizing labor cost is automation. By automating as much of your inspection and packaging line as possible, you can ensure that workers are only employed when needed or completely remove human intervention from the production process. Doing so would give you significant savings on labor costs.

    Conclusion

    Switching to automated inspection and packaging solutions can bring you a plethora of benefits. Although they may be costly, their efficiency in optimizing repetitive tasks and ensuring error-free production generally outweighs your initial investment in the long term.

  • Vietnamese remain keen on gold

    Vietnamese remain keen on gold

    Despite stock, Bitcoin boom, Vietnamese investors are still interested in gold, according to the World Gold Council.

    Local individual investors’ demand for gold would climb when the pandemic is controlled, the vaccination rate increases and economic growth becomes more stable, Andrew Naylor, the WGC’s CEO for the Asia-Pacific (excluding China), said.

    A report titled ‘Gold Demand Trends Q3, 2021’ it released recently said consumption of both jewelry gold and gold bars and coins halved year-on-year in the third quarter to one ton and two tons.

    He said gold sales in Vietnam were affected mainly by social distancing imposed to battle Covid-19.

    He hoped Vietnam would establish an electronic trading floor for gold investors.

    Many Vietnamese are interested in buying gold online, and could buy small quantities of gold rings or coins every month instead of a large quantity at one time, he said.

    However, other investment options such as stocks and cryptocurrencies are more attractive than gold now.

    Vietnam’s benchmark VN-Index downed 0.56 percent to 1,444.3 Wednesday after reaching a new peak Tuesday. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose nearly 50 percent to VND43.21 trillion.

    Meanwhile, Bitcoin surged to over $63,000 on Nov. 2, up from $43,000 on Oct. 1.

    Vietnamese have recently tended to invest more in high-risk asset classes, but remain interested in gold, while conservative investors always consider gold a safe investment, Naylor said.

    Real estate remains an attractive option though the market has slowed down amid the Covid outbreaks.

  • Bamboo Airways signs $2-bln deal with Safran, GE

    Bamboo Airways signs $2-bln deal with Safran, GE

    Bamboo Airways has signed a EUR1.73-billion ($2 billion) deal with France’s Safran and the U.S.’s General Electric for aircraft engines and equipment.

    The Vietnamese carrier on Wednesday signed a memorandum of understanding with Safran and GE to purchase equipment for 50 narrow-bodied Airbus A321neos and 30 wide-bodied Boeing 787-9s.

    Safran makes high-class airplane seats and other cabin equipment.

    Bamboo Airways currently operates seven A320neos and 5 A321neos.

    “We are looking forward to developing a strong relationship with Bamboo and being part of its future growth,” Alexandre Ziegler, Safran’s senior executive vice president of international and public affairs, said in a statement.

    The deals were signed in the presence of Vietnamese Prime Minister Pham Minh Chinh and French Prime Minister Jean Castex during the former’s working visit to France from Nov. 3-5.

    Earlier low-cost Vietnamese carrier Vietjet also signed an agreement with Safran.

    The two parties had an existing $10-billion deal for engines and engine maintenance, and it has been expanded to cover more aircraft engine deals and a number of other aspects such as seats and interiors.

    Vietjet operates a fleet of 90 aircraft.

    Safran is a global technology company with interests also in the defense and space markets, 76,000 employees and annual sales of 16.5 billion euros ($19.15 billion).

  • Talks for Hong Kong-China Border Reopening in Final Stages

    Talks for Hong Kong-China Border Reopening in Final Stages

    Authorities from Hong Kong and China are reportedly nearing a final decision on travel resumption, despite a fresh outbreak on the mainland.

    A second meeting is expected soon between Hong Kong and mainland China authorities to make a final decision on travel resumption, according to a report by local media «Sing Tao» citing unnamed sources.

    The focus of the discussion is on whether or not Hong Kong will adopt the mainland’s health code system which classifies individuals as red, yellow or green – the latter color being the only classification cleared for travel to the mainland.

    Other rules being discussed include initial quarantine-free travel and a «circuit breaker» to immediately suspend the system in the event of an emergency.

    The latest update occurs in the backdrop of growing concerns from the international business community that called for Hong Kong to reopen borders to foreign countries and learn to coexist with the virus.

    Chief executive Carrie Lam responded by reiterating the city’s two major priorities: reopening with mainland China and a zero-Covid policy.

    Meanwhile, China, which has also adopted a zero-Covid policy stance, is reportedly experiencing its worst outbreak since the start of the pandemic with more than 600 local infections recently found in 19 out of 31 provinces.