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Japanese paint manufacturers are facing challenging times – reducing costs where possible as the price of inputs rise, to reduce pressure on final product pricing as they deal with a local consumer market with declining consumption. Economic pressures caused by geo-political turbulence and the weak Japanese yen are both creating challenges, according to industry experts.…

Vietnam’s businesses in export-focused garments and footwear manufacturing are facing up to the challenge of becoming greener. This realisation comes even as the country benefits from free trade agreements (FTA), such as the 2019 European Union (EU)-Vietnam Free Trade Agreement (EVFTA) and the 2020 UK–Vietnam Free Trade Agreement (UKVFTA).…

The International Cocoa Organisation (ICCO) has predicted that the chocolate industry will continue to face cocoa supply deficits, with its latest quarterly assessment predicting that for 2022/3, there will be 99,000 tonnes more grindings than cocoa production. As a result, global stocks will fall to 1.744 million tonnes, amidst declines in output from key production hubs Ghana and Côte d’Ivoire.…

With consumers becoming increasingly health conscious worldwide, demand for vegan chocolate, replacing dairy ingredients with plant-based materials, is growing fast.

According to US-based Grand View Research, the global vegan confectionery market – dominated by chocolate – is anticipated to generate USD2.62 billion in annual revenues by 2030, expanding at a compound annual growth rate (CAGR) of 9.9% from 2023’s USD1.23 billion.…

Auto parts manufacturers worldwide are assessing the impact on their businesses of the shift to electric vehicles (EVs) from internal combustion engines (ICE), given EVs need fewer components, reducing demand. Most assessments say that there are about 20 moving parts in an electric engine, compared to 2,000 in an ICE (1).…

The global market for tallow, traditionally a common ingredient in the production of soaps, detergents, and lubricants, is undergoing considerable movement, driven by rising consumption of meat products coupled with the rising usage of tallow in the pharmaceutical, cosmetic, biofuels and feeds industries.…

PACKAGING companies worldwide are increasingly choosing more environmentally friendly packaging, driven by tough laws, such as the European Union’s (EU) proposed packaging and packaging waste regulation (PPWR) (1). This is moving through the EU’s legislative decision-making system, ready for approval in 2024, with the European Parliament adopted its first reading report on November 22 – coordinated by French liberal MEP Frédérique Ries (2).…

The European Union (EU) is struggling to tackle corruption in its own institutions with real and perceived cases of backdoor lobbying, undue influence, cash for questions, conflicts of interest and revolving doors (to jobs with industry). These are harming the reputation of the European Parliament, the executive European Commission, the Council of Ministers and several EU agencies.…

Sales in Europe of China-built electric vehicles (EVs), such as Tesla Models 3 and Y, BMW iX3 and Renault Dacia’s Spring, could all be hit if the European Union (EU) slaps proposed countervailing duties on cheap battery electric vehicles (BEV) made in China.…

Manufacturers, including major dairy producers, and retailers are increasingly innovating and investing in the growing market of plant-based cheese, to meet expanding consumer preferences for healthy and sustainable products.

According to data shared by UK-based market research firm Euromonitor International, global retail sales of plant-based cheese have been growing from USD584.6 million in 2020 to a projected USD896.3 million in 2023, Regionally, North America is the main market with projected USD443.2 million in sales in 2023, followed by western Europe with USD385.4 million  eastern Europe is much lower with a projected USD13.5 million in sales for 2023.…