Tradition to Transformation: Vietnam’s Food & Beverage Revolution with AI and IoT Tractus Global February 1, 2024 With the global spotlight fixated on Vietnam, the nation has undertaken significant efforts to maintain its competitiveness in economic advancement. With an impressive 8% annual GDP growth YoY and a noteworthy $36.61 billion in FDI for 2023, Vietnam is drawing considerable attention – and rightfully so. Amid various industries attracting investors, one that stands out… Read More
Seeding Innovation: Opportunities for Foreign Companies in Japan’s Agritech Industry Tractus Global January 29, 2024 The intersection of agriculture and technology, known as agritech, is emerging as a transformative force in Japan, offering solutions to challenges posed by an aging agricultural workforce and rising production costs. In 2020, the average age of individuals engaged primarily in agriculture in Japan was approximately 68 years old, and the number of people involved… Read More
Outlook: Thailand’s Defense, Aerospace, and Security Market 2024 Tractus Global January 16, 2024 The Royal Thai Armed Forces have a long history of close cooperation and alignment with the United States and other Western governments, as well as with Defense, Aerospace, and Security suppliers and contractors. Both the Royal Thai Armed Forces and the Royal Thai Police desire to achieve best global standards of performance and excellence. They… Read More
Market Digest: Vietnam’s Growing Appetite for U.S. Agricultural Imports Tractus Global January 11, 2024 It is no secret that Vietnam is a fast-growing market, with an estimated GDP of $409B and an impressive CAGR of 8.1% over the past five years. Along with this rapid development, the cost of living has increased substantially over the years. According to Vietnam Report, in 2022, with a basic inflation of 2.95%, the… Read More
Opportunities for Foreign Companies in Japan’s Agritech Industry Tractus Global January 10, 2024 The intersection of agriculture and technology, known as agritech, is emerging as a transformative force in Japan, offering solutions to challenges posed by an aging agricultural workforce and rising production costs. In 2020, the average age of individuals engaged primarily in agriculture in Japan was approximately 68 years old, and the number of people involved… Read More
Chinese Labor Law for Global Businesses Tractus Global January 8, 2024 Any company looking to hire Chinese talent will have to understand labor laws in China. It can be extremely difficult for foreign companies to navigate the complex employment law landscape in China. Everything, from the employment contracts to the probation period and labor disputes, needs to be handled strictly according to China labor laws. Labor… Read More
China Market Entry Strategy Tractus Global January 8, 2024 Western companies continue to face challenges with China market entry regardless of the size and nature of the company. Despite the difficulties created by the pandemic the Chinese economy has continued to grow throughout. It remains the second-largest global economy behind the United States. This means that entering as large and complex a market as… Read More
Supply Chain Network Design Tractus Global January 8, 2024 A supply chain network design is a working model for a supply chain framework. It helps businesses to estimate the costs and resources required to create a product or service in a specific market. Having a supply chain network design can also help a business identify potential risks and inefficiencies in a supply chain. Additionally,… Read More
China’s Pet Economy Shows Great Potential with New Consumption Trends Tractus Global January 4, 2024 In recent years, China’s social demographic structure has changed significantly with increasing population aging. Many elders live alone without children by their sides. Meanwhile, the number of marriage registrations in China has declined year by year since 2013, and the single rate among young generations in China is rising accordingly. These social changes have promoted… Read More
Navigating Environmental Compliance Across Southeast Asia Tractus Global December 20, 2023 Environmental regulations are improving in countries across Southeast Asia as governments seek to reduce the environmental impact of continued industrialization, urbanization, and population growth on air and water quality. Investors must anticipate regulations and consider them in the context of their investment strategies to ensure that future operations will be compliant within the chosen countries… Read More