IDC: Asia-Pacific manufacturing IT spending to reach $22 billion
Dated: 6 July 2006
Citing fast regional economic growth, IDC company Manufacturing Insights says Asia-Pacific (excluding Japan) manufacturing IT spending is expected to reach $22 billion by 2010, at a CAGR of 7.7 percent.
While manufacturers are inundated with information, few use it to improve the efficiency and timeliness of decision-making, says the company’s recent report "Asia-Pacific (Excluding Japan) Manufacturing IT Spending 2006-2010 Forecast" (Document #AP664101N).
Meanwhile leading organizations are building complete control loops over their processes to connect strategic (risk mitigation), tactical (speed and agility), and operational (consistency and control) decisions.
APEJ (Asia Pacific excluding Japan) manufacturing IT spending was valued at $15 billion in 2005. From a geographic perspective, the Greater China sub-region had the largest manufacturing IT spending, followed by ANZ and Korea.
Tan Mang Teck, research director, Asia-Pacific Manufacturing Research, Manufacturing Insights, explains that IT spending should translate into cost and speed benefits, as well as helping companies to develop the ‘3 As’—Agility, Adaptability and Alignment.
Despite fears of bird flu and terrorist bombings, he says the region is stabilizing. "The APEJ region will continue to be a fast-growing regional economic block, powered by the emerging economic engines of China and India.”
(1 July 2008) “What exactly do consumers want?” It would be pure folly to try and tackle this question in the short space of an editor’s note. But this being my precious last column in AFJ, I m...
(1 June 2008) Cyclical market trends and price swings are nothing new. But when the affected sector is as basic to daily survival as food, the implications of a worldwide price spiral can be dev...
(1 June 2008) Thomas Bauer, head of strategic advisory and research for South-east Asia, shares in an exclusive interview with AFJ where the niches lie in Asia’s food production and Rabobank’s a...
(1 April 2008) Scientists at Europe’s food safety watchdog have completed an assessment of a recent study on the effect of two mixtures of certain food colors and the preservative sodium benzoate...
(1 April 2008) The European Food Safety Association says more than half of consumers of plant sterols belong to the intended target group, particularly at sustained levels of intake. Thus more th...
(1 April 2008) More than 50 percent of Americans, ages 18-44, are ready to dine on Singaporean staples like Singapore chili crab, Hainanese chicken rice, and laksa noodles. These finding are base...
(1 April 2008) The confectionery market in Vietnam is on the upwards climb. Datamonitor forecasts that it will be worth $707 million in 2011. By the end of 2011, the sugar-confectionery category ...
(1 April 2008) Frozen-food packaging in the US is expected to soar to $6.4 billion in 2011, due to an increase in demand for convenience foods. Smaller household sizes, an aging population and mo...
While Tesco had previously resisted offering mortgages on the grounds that the margins were so tight that they were unprofitable, finance director Andrew Higginson said that the credit crunch seems to have created an opportunity. Tesco may begin offering home mortgages to compete with the major lenders.
In response to consumer research and the global trend for convenience, South Africa's Pick n Pay has opened its first small format convenience store in Fairland, Johannesburg.
Marks & Spencer has opened its first store in mainland China with hopes that it might lift flagging results. As the flagship store opened on West Nanjing Road, Shanghai’s premier shopping street, the UK retailer reported its worst performance for three years with like-for-like UK sales down by over six per cent over the last three months.
Sorin Minea, chairman of the Romanian Federation of Food Industry Business Owners (Romalimenta) says the food industry is currently overdeveloped in Romania and explains that the weight of current expenses...
US grocers including Whole Foods Market, Kroger and Stop & Shop have had to hire third party verifiers to root out produce that contains pesticide residue despite organic seals. Some supposedly organic producers are certifying conventionally-grown produce in order to increase the price.
Tesco, Britain's biggest retailer, has shown it operates best in tough markets, racking up a 10.3 per cent increase in profit of €1,824 billion for the first six months of 2008 to 23 August. Total sales rose 13.8 per cent to €32.1 billion.
