Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n°159

Posts Tagged ‘consumers’

Consumers Say the Kasasa LoanTM is Easy to Understand, While Industry Studies Indicate Other Loans are Not

Posted by fidest press agency su giovedì, 29 novembre 2018

Kasasa® revealed in a survey that the majority of consumers feel the Kasasa LoanTM is easy to understand. In fact, more than 83 percent of those surveyed said the loan was extremely or very easy to understand, despite never having experienced a product similar to the Kasasa Loan. The 2016 survey gathered results from a panel of 1,050 consumers, who responded to a series of questions about their loan preferences and habits.In contrast to Kasasa’s findings, many consumers readily misunderstand lending and their finances. A recent survey from Instamotor found that nearly 60 percent of consumers did not understand the relationship between the terms of a loan and the interest rate.Specifically related to auto financing, a recent survey by Credit Karma found that nearly half (45%) of U.S. car owners could not recall the annual percentage rate on their loan, which is the true cost of borrowing as it reflects interest and fees. One in four said they did not know their APR because they found it too stressful or confusing. Additionally, one in ten car owners could not recall the specific dollar amount of their monthly car payment and one in five did not know how many months remained on their auto loan.“Financial institutions have an opportunity to make lending people-friendly by offering a loan option that is transparent and easily understood – something that is clearly missing but greatly needed,” said Gabe Krajicek, CEO of Kasasa. “Too many megabanks, alternative lenders and FinTechs push expedited loan approvals, rushing consumers through a loan application and decisioning process they don’t even understand. And once they have the loan, they don’t understand the terms or the impact of paying it off quicker. This is not the best approach nor is it in that individual’s best interest.” The Kasasa Loan is the most transparent loan on the market today and gives consumers the ability to participate in take-backs. Like traditional loans, take-back loans allow borrowers to pay ahead on their loans to reduce their debt, but unlike other loans, borrowers can choose to take the extra payments back if life happens and they need that money back. The Kasasa Loan eliminates the fear of parting with ‘extra money’ and reinforces positive financial decisions like paying off debt early.Not only does the Kasasa Loan provide a competitive advantage for financial institutions, but it empowers the consumer to better understand their financial decisions and reduce debt. In fact, Kasasa Loans are preferred by nine out of 10 consumers over comparably priced loans, and in extensive testing, 98 percent of consumers said they would refinance existing debt at the same rate in order to get a Kasasa Loan with the take-back functionality.Krajicek added, “The bottom line is that financial institutions can provide a loan that is objectively better for the consumer. The Kasasa Loan is easier to understand and more transparent than any other loan on the market, and the take-back feature is a game changer for the borrower. With such high consumer preference for the Kasasa Loan, the only way competitive financial institutions can possibly win is to drop their rates or spend more money marketing their centuries old, commoditized loan. Good luck with that.”

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Consumers Credit Union’s New HOK-Designed Headquarters Emanates from Nature

Posted by fidest press agency su domenica, 7 gennaio 2018

Consumers Credit Union InteriorConsumers Credit Union, one of Michigan’s largest homegrown financial institutions, opened its new HOK-designed Kalamazoo headquarters this week. Nearly 150 employees previously working in four separate buildings moved into a 22-acre collaboration center situated among rolling hills and wooded ravines. The centerpiece: a contemporary, three-story office evoking its natural surroundings, designed to bring employees closer together while providing unmatched amenities.“Our design for the new headquarters captures and manifests the core values and sense of identity of Consumers Credit Union,” said Peter Ruggiero, AIA, design principal for HOK’s Chicago practice. “Designed to promote communication, the open, collaborative workplace recognizes its unique surroundings through its placement on the site and the access to daylight and views afforded by the thoughtfully-designed plan.” Consumers and HOK collaborated to design the 92,000-square-foot branded environment that expresses the company’s values while fostering collaboration. The building accomplishes these goals through several design strategies: Open Workspaces, Collaboration and Training: The open floor plan includes modern workstations, informal gathering spaces and a learning lab featuring the latest technology for staff training. Central Gathering Space: Employees and visitors enter through a central glass atrium with a grand staircase, connecting all areas of the building.
Wellness and Amenities: Staff can take advantage of an on-site café, coffee bar, fitness center, fitness and running trail, and expansive outdoor patio overlooking nature.
Connection to Nature: The building’s form is influenced by its surroundings, from expansive glass walls providing forest views to the intentional use of tree cover along roads leading to the workplace.
To accommodate Consumers’ future growth, HOK designed the building to be built in three phases. It can be expanded up to 200,000-square-feet based if needed. Click here to view interior photos of the new space.HOK is a global design, architecture, engineering and planning firm. Through a network of 23 offices worldwide, HOK provides design excellence and innovation to create places that enrich people’s lives and help clients succeed. DesignIntelligence consistently ranks HOK as a leader in sustainable, high-performance design and technology innovation. (photo: Consumers Credit Union Interior)

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Seafood: Investigation into EU consumers’ attitudes shows sustainable supply is essential

Posted by fidest press agency su giovedì, 26 gennaio 2017

fisheriesA new Eurobarometer survey on EU consumer choices regarding fishery and aquaculture products reveals that people in the EU eat seafood quite regularly, although how far people live from the sea plays a role in how often they eat fish. “This survey helps us see how Europeans choose their seafood. This helps inform our policies. We must make sure that Consumers continue to have a wide range of high quality seafood to choose from. That is why we are determined to reach targets on sustainable fishing by 2020”, stated European Commissioner for the Environment, Maritime Affairs and Fisheries, Karmenu Vella.For seafood, there is a strong preference for regional, national and European origin (80%). The majority of consumers indicated that they like to try new products and species, which shows the importance and potential of diversified sourcing. Reducing import dependency by developing sustainable fishing and aquaculture in the EU is again emphasised. 68% of consumers indicated that they would eat more fish if the prices were lower.People mainly buy their seafood at the supermarket, and they look first at its appearance, then at its price and origin. Europeans trust the content of labels, especially when the information provided is required by law. 66% think the information on products is clear and easy to understand, showing that EU labelling rules are working.The survey findings are largely confirmed in a new study by EUMOFA, the Commission’s European market observatory for fisheries and aquaculture products. The study, which looked into retailers’ strategies and national campaigns promoting seafood consumption, notes the growing importance of farmed seafood products in the EU market, given the need for retailers to ensure a stable supply. The analysis also finds that various categories of consumers show common attitudes and behaviours across Member States, highlighting the potential for reinforcing the EU internal market for fishery and aquaculture products.

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Friend of the Sea first sustainable seafood program recognized

Posted by fidest press agency su giovedì, 10 marzo 2016

commissione europeaby EU National Accreditation Body. Friend of the Sea is the first certification scheme for products from sustainable fisheries and aquaculture to have achieved official endorsement by an EU National Accreditation Body. This is the highest possible recognition of consistency and integrity that any certification program could aim at.
Only EU National Accreditation Bodies can carry out accreditation activities in the EU, according to the regulation of the European Parliament and Commission n° 765 of July 9, 2008. Any other private accreditation would thus be not compliant with EU Accreditation rules and possibly in infringement. Friend of the Sea is now working only with those Certification Bodies that have applied for this official EU accreditation.
“EU National Accreditation positions Friend of the Sea above any other sustainable fisheries certification program, as far as independence and credibility are concerned”, comments Paolo Bray, Director and Founder of Friend of the Sea. “We are disappointed to learn that the new GSSI benchmark will accept application of schemes not compliant with the EU Accreditation rules as this surely weakens the validity of the GSSI assessment, with a potential to mislead companies and consumers.”

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Stop geo-blocking and boost e-commerce and digital innovation, says Parliament

Posted by fidest press agency su mercoledì, 20 gennaio 2016

european parliamentGeo-blocking consumers’ online access to goods and services on the basis of their IP address, postal address or the country of issue of credit cards is unjustified and it must stop, says Parliament in a resolution voted on Tuesday. MEPs want Europe to seize the opportunities opened up by new technologies, such as Big Data, cloud computing, the Internet of Things or 3D-printing, and to have an innovation-friendly policy towards online platforms.The 16 digital single market initiatives announced by the European Commission last May to boost the digital economy and innovation must be tabled without delay, MEPs insist.”We have ensured that this report on the digitisation of the EU economy, society and public administrations determines legislative and non-legislative action to benefit consumers and to preserve Europe’s competitive social market economies”, said Internal Market Committee co-rapporteur Evelyne Gebhardt (S&D, DE).”Europe has already missed two waves of innovation. First social networks, then the sharing economy. If we don’t want to miss the next wave, we have to look to the Internet of Things, Big Data and machine-to-machine communication. They can radically transform our economy and our legislation needs to reflect that”, said Industry Committee co-rapporteur Kaja Kallas (ALDE, ET).Increasing consumer choice and removing barriers to innovative start-ups Parliament’s recommendations to boost the digital single market were approved by 551 to 88, with 39 abstentions. MEPs want proposals by the Commission to: end unjustified geo-blocking practices, so as to improve EU consumers’ access to goods and services. MEPs welcome the proposal on cross-border portability of online content services “as a first step” in this direction,
ensure equivalent and future-proof consumer protection, regardless of whether digital content is purchased online or offline,
find innovative solutions on cross-border parcel delivery to improve services and lower costs,
remove barriers to SMEs, start-ups and scale-ups and seize the opportunities based on new technologies, such as Big Data, cloud computing, the Internet of Things or 3D-printing; an innovation-friendly policy towards online platforms (e.g. search engines, app stores) that facilitates market entry should be maintained,
review the ePrivacy directive to ensure consistency of its provisions with the new EU data protection rules.
Sharing economy
Parliament is concerned about the differing national approaches taken so far by EU member states to regulating the internet and the “sharing economy”, which offers new business models for selling goods and services online (for example, Uber, eBay or Airbnb). MEPs ask the Commission to assess the need to protect consumers in the sharing economy and, where clarification is needed, to ensure the adequacy of consumer-related rules in the digital sphere. Other topics addressed in the resolution include copyright, telecoms, VAT rules, audiovisual media, e-skills, e-government, and employment rights.

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Expert comment on Unilever’s annual results

Posted by fidest press agency su mercoledì, 20 gennaio 2016

Martin Kunc, of Warwick Business School, an Associate Professor of Operational Research and Management Science and researches the consumer goods industry comments on Unilever’s annual results. Dr Martin Kunc said: “The problem that Unilever is facing is directly related to the falling commodity prices. The emerging economies where most of Unilever’s profits are coming from are becoming weaker due to the decline in commodity prices.”The decline in commodity prices impacts directly on the purchasing power of consumers in emerging economies. Consequently, inflation in emerging economies, which is where consumer goods companies like Unilever make most of their profits, will decline reducing Unilever’s profits further in 2016.”While the decline of the costs of raw materials may help Unilever to reduce costs, it will not be enough to sustain profits in the face of widespread weak demand this year. Moreover, future financial problems in emerging economies will create unemployment further hurting demand and sales for Unilever. Consequently, Unilever will face a tough environment in 2016 where deflation is a real possibility to sustain sales.”

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Consumers Switch to Subcompact Cars in Russia

Posted by fidest press agency su mercoledì, 26 novembre 2014

londonLondon.  Russia will emerge as a top automotive market in Europe as consumers in the country are beginning to place emphasis on driving dynamics and are willing to pay more for advanced driveline technology features. Government initiatives – such as subsidies, scrappage schemes, and customs duty exemptions for original equipment manufacturers (OEMs) that match localisation criteria – will further quicken growth in the Russian automotive industry. New analysis from Frost & Sullivan,Executive Outlook of Developments in the Russian Automotive Industry, finds that sale volumes for passenger and light commercial vehicles are projected to cross 3 million units by 2020. The subcompact segment will account for more than 40 percent of light vehicles sales in this period.
“Customer preference for smaller, fuel-efficient cars will push the subcompact and crossover vehicle segment to grow the fastest,” says Frost & Sullivan Automotive and Transportation Consulting Analyst Anna Ozdelen. “Russian consumers also place higher importance on features related to powertrain and ride quality than those in the United Kingdom, France, and Germany.” Further, low vehicle density and an aging fleet of cars in the country will add to the demand for new vehicles. In fact, OEMs such as Renault-Nissan will penetrate further into the subcompact and SUVs segments. The scrappage scheme introduced this year is boosting subcompact sales too. The low saturation levels in Russia compared with the United Kingdom, France, and Germany have helped with continued growth. However, this demand will be tempered by geopolitical tensions in Ukraine, sanctions imposed on Russia by other countries, a deteriorating economic situation undermining consumer confidence, and market saturation in big cities. Vehicle manufacturers must turn their attention to small cities such as Nizhny Novgorod, Chelyabinsk, Rostov-on-Don and Kazan that will offer better opportunities. “Russia will also be a key market for in-vehicle infotainment and telematics systems,” notes Ozdelen.“Vendors can capitalise on consumers’ penchant for high quality and value packages to make inroads in the country’s automotive market.” Executive Outlook of Developments in the Russian Automotive Industryis a Market Insight that is part of the Automotive & Transportation (http://www.automotive.frost.com) Growth Partnership Service programme. The Insight aims to understand the Russian automotive market and develop a market forecast. The study examines changing consumer preferences as the country navigates through political crises and an economic slowdown.

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Apple responds to outcry from 250,000 consumers over working conditions

Posted by fidest press agency su venerdì, 30 marzo 2012

Washington, DC – Today, the Fair Labor Association (FLA) released its assessment of working conditions in Apple supplier Foxconn’s factories. The assessment details numerous violations as well as commitments by Foxconn, working with Apple and the FLA, to improve working conditions. Today’s move comes in response to online outcry over the treatment of workers that make popular Apple products.Mark Shields, who started the popular Change.org petition, responded to the news: “Apple is making good on their brand promise and thinking different. There’s still important work to be done, but Apple and Foxconn have made serious commitments to improving the lives of their workers. Change.org provided a platform for so many Apple customers who needed a way to ask Apple to do better – and to their credit, they are listening.”Creator of popular petition on Change.org applauds Apple’s commitment to improving factory conditions

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WWF strategy – markets controlled, not market driven

Posted by fidest press agency su venerdì, 23 marzo 2012

Voluntary certification systems have been touted for a long time by WWF to demonstrate that they were pro-market & market-friendly. So far none of the WWW sponsored systems have won market support. Consumers will not pay the cost of the “sustainability premium”. The WWF strategy now is to capture and direct the markets and dictate to consumers and producers; and to pressure governments to regulate compliance with their systems.
As in the climate change debate, it became a mantra in WWF marketing to business to emphasis it relied on market instruments to advance its sustainability goals. It was always bogus. At the heart of every WWF strategy lay the determination to regulate compliance with environmental goals.WWF used to argue that its forestry certification system, the genesis of RSPO and other systems, would assist producers because environmentally aware consumers would pay premium for products endorsed as sustainable. This has not happened and today WWF has dropped this line.The uptake of its certification systems, despite the marketing hype, has been poor. The biggest system, the Forest Stewardship Council, only certifies half the forestry of the world’s leading system the Program for Evaluation of Forest Certification. That system, unlike FSC, is not controlled by NGOs.
Companies which join the WWF sponsored certification systems are either pressured into joining or, once in, find themselves overtime pressured to adopt tougher and tougher standards to which they did not originally subscribe. Some, like Unilever in the case of RSPO, have become activist partners with WWF. Others are encouraged to go along, regularly being presented with attacks on brand names of competitors by other NGOs like Greenpeace and Friends of the Earth, the clear implication being they are at risk of the same thing.RSPO is not financially viable. The current strategy is to use funding from the sale to some of its business members of palm oil certificates to mount a PR campaign, the aim of which from the distance appears to be to pressure corporate members to buy more certified palm oil. (Currently half of the pool of certified oil remains unpurchased).
Now WWF and Unilever are pressuring European Governments to urge the European Commission to lower tariffs on RSPO certified palm oil. The Unilever President of the RSPO has even stated publically that since the market won’t deliver, governments should.
EC trade officials in Brussels will not want to venture into that territory. They will find themselves under challenge in the WTO. Unilever would have understood that once. It was once the leading advocate of free trade in Europe. Today it is advocating “sustainable trade”. This is the talk of aspiring monopolist. No wonder it feels comfortable with the WWF strategy to capture markets.

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Consumers Alliance for Global Prosperity

Posted by fidest press agency su sabato, 24 dicembre 2011

Greenpeace snow man at the G8 Summit. www.gree...

Image via Wikipedia

Washington Just in time for the holidays, Ohio-based The Kroger Co. has announced that it is has “decided to discontinue the sourcing of products” from a Southeast Asian business partner, jeopardizing American paper industry jobs from Virginia to California. This misguided sourcing policy decision from America’s largest grocery store chain comes on the heels of a smear campaign waged by environmental activists World Wildlife Fund (WWF) and Greenpeace against Kroger and some of the other biggest retailers in the country, including Walmart, Target, and Food Lion. This cruel decision comes after the Consumers Alliance for Global Prosperity (CAGP) recently organized citizen-activists nationwide to send more than 120,000 letters to Kroger and other retailers warning them not to cede to this type of green scheming. Americans have spoken up strongly, stating they will boycott these companies if they bow to WWF and Greenpeace’s plotting. Kroger and these other retailers, therefore, have been forewarned of the consequences of surrendering to green radicals.

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President Obama’s Green Assault on Jobs

Posted by fidest press agency su sabato, 3 settembre 2011

Aerial view of the White House in Washington, D.C.

Image via Wikipedia

Green jobs have been the great – and since failed – hope of both the White House and environmental pressure groups. Now with President Obama slated to present a major jobs plan to a joint session of the Congress this coming Thursday, September 8 amidst a sluggish economic recovery, we are sadly going to hear more of the same Green and “clean energy economy” rhetoric. The reality is quite different. For example, just this week, solar panel manufacturer Solyndra announced that its shuttering its doors, eliminating 1,100 jobs in the process. This after a heralded visit to the company from President Obama himself and $535 million of our hard-earned tax dollars in loan guarantees. The iconic Tennessee-based guitar maker Gibson Guitars recently experienced a raid by armed agents from the U.S. Fish and Wildlife Service. The agents were looking for wood used in the manufacturing of the company’s legendary six strings on the disputed belief that the wood sources were not considered environmentally correct.
The raid by the Obama Feds is all the more ironic considering that for years Gibson has worked hand in glove with far left Green organizations in an effort to make sure their wood comes from “approved” sources. Gibson is a partner in Greenpeace’s “Music Wood” campaign. It was one of the first instrument makers to procure wood that has been certified by the Forest Stewardship Council (FSC), another anti-consumer extremist organization dating back to 1996. By 2006, more than 42% of Gibson USA’s wood originated from FSC certified sources, while the company has set a target to increase that share to 80% by 2012. Gibson’s CEO previously sat on the board of Rainforest Alliance. Gibson’s CEO loudly protested the raid, but unfortunately all of this consorting with environmentalists has only resulted in government jackboots kicking down doors and bad-mouthing from environmentalists. Gibson’s partners in the environmental movement operate in bad faith. At the end of the day, Green activists are fundamentally hostile to free enterprise and private property. No amount of caving to their demands will placate them.
Shoe companies Puma, Adidas and Nike were just three of 14 global clothing brands accused by Greenpeace of sourcing fabric from developing nations. The accusations stem from a concerted effort by Greenpeace to shame the world’s largest clothing companies into sourcing fabric with no hazardous chemicals, although the toxin in question – nonylphenol ethoxylates (NPE) – is not listed by the Philippines as a hazardous chemical. This matter is therefore for national regulatory regimes to manage, not anti-business NGOs. Puma and Nike in response capitulated and agreed to overhaul their supply chains by 2020. Adidas opted to gauge its competitors’ views regarding an industry-wide solution rather than immediately cave to Greenpeace’s baseless pressure, a move welcomed by Greenpeace. Worse, Adidas caved to Greenpeace’s campaign as acknowledged in a recent statement. The company stated, “the adidas Group has together with other brands been working tirelessly in recent weeks to bring the industry together in a forum to develop a roadmap that will address the ‘zero discharge’ challenge that Greenpeace has posed.” The fact that Adidas has endorsed Greenpeace’s anti-business and unrealistic extreme environmentalist agenda is a disappointing development for the company’s consumers.

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Against Asian Imports

Posted by fidest press agency su sabato, 25 dicembre 2010

Washington, Dc President Obama met with major U.S. union bosses at the White House in an effort to quell their dissatisfaction with his support of contentious tax cut extensions. But what wasn’t discussed between the two parties is a little-known secret of theirs that has been quietly brewing in Washington – a coordinated effort to keep high-quality, low- cost pulp and paper exports out of the American marketplace. This scheming has been detailed by the Consumers Alliance for Global Prosperity (CAGP) in the recent report Empires of Collusion; and CAGP continues to condemn this anti-trade and anti-consumer meddling behind closed doors.
“When the first U.S. national labor group was formed in 1866, it took up the honest and noble goal of looking after the little guy. But centuries later, unions have grown so powerful that they are now their very own special interest group, one that often sides with large industries against the very people they originally pledged to protect. On the surface, President Obama and the big union bosses may have been discussing the Bush-era tax cuts last week, but what the media did not report is the secret collusion between Obama’s political cronies and these unions, which aims to stifle trade generally and stop Asian paper imports specifically,” said Frontiers of Freedom President George Landrith, a member of CAGP.
Joining these liberal policymakers and powerful unions in the “Empires of Collusion” are increasingly-uncompetitive U.S. paper businesses, such as Sappi and New Page, who are continually threatened by competition from abroad. Together, these parties are working to serve their own interests – votes, jobs and profits – all at the expense of the American consumer who is faced with higher prices for countless paper goods every day due to this collusion. And to round out this empire, radical environmental groups, long at odds with labor unions, have joined the fray to pursue their misguided agenda in Southeast Asia.
Landrith continued, “What you have happening here is congressmen and unions trying to protect constituents’ jobs, faltering businesses attempting to stay in the black, and biased NGOs seeing a great opportunity to lodge their baseless attacks against Asian suppliers of pulp and paper. These are the “Empires of Collusion”. Left out in the cold, however, are average American consumers dependent on affordable products and the millions of workers in Asia whose jobs these products sustain. CAGP has warned before and we warn again: these desperate special interests will stop at nothing to stick it to American consumers and workers in the developing world.”

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Stand Up for the Poor

Posted by fidest press agency su venerdì, 22 ottobre 2010

Yesterday in New York City, the Book Industry Environment Council (BIEC) and the Green Press Initiative are partnering with environmental activist organizations to sponsor a symposium for book publishers and paper printers to discuss the latest information concerning Indonesian pulp and paper. While the stated goal of the forum is “to ensure that book papers are not negatively impacting Indonesia’s critical rainforests and the communities that depend on them,” Andrew Langer, spokesman for the Consumers Alliance for Global Prosperity (CAGP) and president of the Institute for Liberty, strongly urges attendees to remember the economic and social importance of industries like pulp and paper for Indonesian families.

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Group Launched to Put Consumers First

Posted by fidest press agency su venerdì, 27 agosto 2010

Washington, D.C.  Today in an effort to protect the rights of consumers globally, a new action-oriented coalition was launched to defend and advance the genuine interests of consumers and to ensure consumers are no longer ignored in the political and policymaking process.  The Consumers Alliance for Global Prosperity (CAGP) seeks to educate and activate concerned citizens in response to costly collaboration between environmentalists, protectionist industries, big labor unions and retail companies.   CAGP said it would focus on a wide variety of issues involving green protectionism, green jobs and leftist consumer and corporate citizenship policies that often hurt more than help the poor both in the US and globally. One important issue to consumers is the ability to have access to high-quality, affordable paper products.  “American paper companies, big labor unions like the Steelworkers and radical environmentalist groups like the Sierra Club and the Rainforest Action Network are colluding to erect trade barriers to block low-cost import products from Indonesia and China. Consumers are the ones who will be harmed, as the price of paper will rise, affecting the cost of almost every good and service imaginable,” said Langer.  “What’s most egregious is that uncompetitive US paper companies on the brink of bankruptcy are being bailed out by US taxpayers through a special interest loophole for their waste, “black liquor,” which gets preferential treatment when it is used as a fuel.” Langer added, “We must once again make the defense of the free-market the focal point of consumerism to ensure that individual liberties are reasserted and defended not just for American consumers, but also for those striving for economic freedom and progress in the developing world.”
About CAGP: Consumers Alliance for Global Prosperity is an action-oriented alliance of advocacy groups that promotes economic growth and pro-consumer policies across the world.

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Importers’ maintaining low costs

Posted by fidest press agency su martedì, 11 agosto 2009

The figures from the Quality Control industry in Asia account for a good indicator of the health of international trade. Based on a few selected indicators, AsiaInspection publishes this barometer on a quarterly basis. With 8,500 Inspections performed during the 2nd Quarter of 2009 (+ 26% vs. Q2 2008) AsiaInspection (www.AsiaInspection.com) pinpointed some illuminating trends. As consumers demand safer and more environmentally friendly products, AsiaInspection continued to see interest from companies keeping a close eye on every step of their supply chain, in order to prevent costly and embarrassing product recalls. After countless tainted product scandals coming from China and other Asian countries over the past two years, Factory Audits in Asia jumped +61% from the same quarter one year ago while Product Inspections were also stronger with +26% growth. Companies around the globe are striving to improve their product, environmental, and social standards. As an example, Wal-Mart recently announced that by 2012, 95% of their production must come from factories that receive the highest environmental and social audit rankings. Sales of Inspections by client zone echo the daily news with the United States remaining the most affected by the crisis in terms of imports from Asia. Indeed, AsiaInspection’s turnover from US clients decreased by -4.8% between Q2 2008 and Q2 2009. In contrast, Europe was bullish with +29% growth, and emerging markets in Asia and South America saw brisk growth of +73%. Based on the geographical split of Inspections performed by AsiaInspection, China continues to be the world’s manufacturing floor. AsiaInspection saw Product Inspections in China jump to nearly 7,000 for the quarter, a +25% increase compared to Q2 2008, this despite tens of thousands of factories shutting their doors since early 2008. However, other low-cost Asian countries outpaced China with a cumulative growth of +42% during the same period.  At a time when markets are contracting, this reflects the ongoing trend of companies securing their supply chain while maintaining low costs by producing in Asia.  Governments and consumers are making quality a priority. After millions of toy recalls throughout the world in 2007 and 2008, toy Inspections performed by AsiaInspection had an impressive year over year growth of +42%. AsiaInspection will publish the Q3 barometer based on similar indicators next October.

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