Navigating Sustainability: Vietnam’s Environmental Leadership and Collaborative Initiatives Tractus Global October 31, 2023 Driving Sustainability: Environmental Initiatives At the 26th United Nations Climate Change Conference of the Parties (COP26), Vietnam underscored its dedication to addressing critical environmental concerns, unveiling substantial objectives. These encompass achieving net-zero emissions by 2050, ending deforestation by 2030, and phasing out coal-fired power by 2040. This vision is seamlessly intertwined with National Green Growth… Read More
Inside the Tasting Room: Strategies for Growing and Adapting to New Markets | Tractus Herminio Andres October 19, 2023 Last August, I visited Atlanta, Georgia, USA, home to one of the most iconic companies in the world: Coca-Cola®. There, the company has a museum where they showcase the history of the company. The visitor will appreciate the evolution of the company and the marketing campaigns through the years, signaling the epitome of commercialization entrepreneurship… Read More
Barking Up The Right Tree: Singapore’s Up And Coming Pet Market | Tractus Tractus Global October 17, 2023 The pet industry in Singapore has experienced a fast transformation over the past 6 years, with the value of the pet retail market rising from US$ 78 million in 2016 to an expected US$ 110 million by 2025, at a CAGR between 3-4%. This is despite Singapore having the lowest pet ownership rate among the… Read More
Thailand Skills Development Program and Incentives for the Eastern Economic Corridor | Tractus Tractus Global October 6, 2023 The Thailand Eastern Economic Corridor (EEC) is a strategic initiative undertaken by the Thai Government to raise the nation to achieve high-income status within 20 years. The EEC special development zone targets innovative, high value industries in twelve target sectors including digital and smart electronics, aerospace, and smart agriculture. Thailand recognizes that human capital development… Read More
China’s Booming Dairy Market Amid Evolving Tastes | Tractus Tractus Global September 28, 2023 Benefiting from the rapid development of China’s economy and improvements in people’s eating habits, China’s dairy market has grown steadily since the early 90s. The total market size in China reached approximately US$68.2 billion (RMB498.1 billion) in 2022. However, the amount of annual dairy consumption per capita in China was only 50kg in 2022, still… Read More
Thailand’s Economic Development Plan is Moving Forward Under the New Policy | Tractus Arunrat Chumroentaweesup September 21, 2023 On September 11, 2023, newly elected Prime Minister Srettha Thavisin presented his government’s new policy initiatives for promoting economic growth. Apart from the short-term policies for immediate implementation, the new policies are focused on medium and long-term initiatives to promote economic growth, improve infrastructure, and strengthen the competitiveness of Thailand’s industrial base as well as… Read More
Revolutionizing the Energy Landscape: Vietnam’s Ambitious Path to Transformation | Tractus Tractus Global September 20, 2023 Amid Vietnam’s rapid expansion in the industrial manufacturing sector, combined with an anticipated annual population growth rate ranging from 6.5% to 7.5%, demand for energy within the country has surged. While sustainability has become top of mind for many government agencies and investors alike, The nation still relies heavily on coal as its primary energy source,… Read More
Mega-Project Mania: Identifying mega-sites among Thailand’s industrial zones | Tractus James Meisenheimer September 6, 2023 This article is part of a series exploring Southeast Asia’s industrial zone landscape. For a comprehensive global overview, refer to our Vietnam’s mega-sites review. Thailand’s automotive sector is central to its manufacturing industry. It accounts for around 10% of GDP and produces 1.9 million cars annually. As the global automobile sector is electrifying, so too… Read More
India’s Opportunities: Agricultural & Food Value Chain | Tractus James Meisenheimer September 4, 2023 India instituted retaliatory tariffs on U.S. agricultural products in 2019 following the imposition of tariffs from the Trump Administration on Indian steel. The tariffs, which added as much as an additional 20% to existing levels, severely impacted the export competitiveness of U.S. agricultural products, including pulses, apples, and tree nuts. The retaliatory tariffs have now… Read More
The Chinese Beverage Landscape: Imported Beverage | Tractus Herminio Andres August 17, 2023 This article is part of a series exploring the beverage industry in China. For a comprehensive global market overview, refer to The Chinese Beverage Landscape: Market Overview, The Chinese Beverage Landscape: Nonalcoholic Beverage and The Chinese Beverage Landscape: Alcoholic Beverage articles. Beverage Imports China is one of the world’s largest imported beverage markets. In 2022,… Read More