Rauen Sales http://rauensales.com/ Fri, 21 Jan 2022 09:14:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 Jeremy Irons castigated the idea that Brexit meant economic disaster: ‘A difficult few years’ | Celebrity News | Showbiz and television https://rauensales.com/jeremy-irons-castigated-the-idea-that-brexit-meant-economic-disaster-a-difficult-few-years-celebrity-news-showbiz-and-television/ Fri, 21 Jan 2022 07:00:00 +0000 https://rauensales.com/jeremy-irons-castigated-the-idea-that-brexit-meant-economic-disaster-a-difficult-few-years-celebrity-news-showbiz-and-television/

Jeremy Irons stars in a new movie out today on Netflix. He stars as former Prime Minister Neville Chamberlain in the new film Munich: The Edge of War. The film follows Mr. Chamberlain’s efforts to seek a peaceful solution before Adolf Hitler sends his troops into Czechoslovakia. A British official and a German diplomat travel to Munich to discuss peace.

Playing the role, Mr Irons said he thought there should be a more positive view of the man who was replaced by Winston Churchill during the war.

Mr Irons told The Big Issue: “I was thrilled to get inside this historical figure and be part of this reassessment.

“The mythology of the Second World War crossed my youth.

“So it’s important to see something well-researched and accurately written, like Munich, that offers another angle to the mythology I was raised with about the heroism of the whole situation.”

Mr Irons also touched on politics in the interview saying he was ‘pretty sour about politics right now’.

The actor has given his views on multiple political issues in the past, including Brexit.

Mr Irons voted to Remain in 2016 and has since been critical of Brexit ‒ but he also didn’t buy into the hysteria and blamed both sides for ‘playing on people’s basic instincts’.

In 2016, he spoke to the Irish Times just before the country went to vote in the referendum.

He lashed out at then Prime Minister David Cameron, urging him to be more passionate about EU membership.

Mr Irons said: ‘I would like him to stand up and say, ‘Listen, let’s unite, as a world, let’s unite. . . Let’s be positive about it and don’t be scared.

He claimed the Remain and Leave sides were ‘playing on people’s basic instincts’, with Remain issuing dire warnings about the future of the UK economy and the Leave campaign scaring people about immigration.

READ MORE: ‘I can’t trust Labor on Brexit,’ scolded Wakeford

Mr. Irons described the elements of the campaign as “divisive and dangerous”.

Hr added: ‘I’m not proud that our dirty laundry is hanging up like it is around the world for people to see.

“We’ve been through a time where we’ve all lived beyond our means and we need to step back from that and stick together.”

He also dismissed claims of economic disaster, saying the UK was likely to have a “difficult few years” regardless of the direction of the vote.

On immigration, Mr. Irons advocated for the country to allow more people to come into the country.

He continued, “Why the hell would they want to come here where it rains all the time?

“I think there are elements in the Brexit campaign of fearmongering, of playing on people’s basic instincts, saying. . . of course, you’re not going to find a job if we keep allowing all these immigrants in.

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While an advocate of the EU, Mr Irons acknowledged the bloc needed to reform in order to tackle the “deep discontent” many feel with Brussels.

He said: “What I hope, positively, will come out of this is that Europe and those who run it will realize that not only [in] Britain, but in many other countries there is deep dissatisfaction with the way it is run and perhaps it will be changed.

Mr Irons, owner of Kilcoe Castle in Cork and who lives there most of the year, said he had witnessed many changes over the past 20 years in the Republic following the accession to the EU.

He added: “I selfishly didn’t appreciate some of the money that went into the roads.

“I like being able to get from West Cork to Dublin easily, but I feel like West Cork has lost a bit of its independence in that it’s now very easy to get there .

“It was a bit difficult before. But of course if you live there and make a living there, which I don’t, then I think being in Europe is a real help for the community.

While he insisted that Ireland’s EU membership did not change his ties to the country, he said he would hate to see a strong border between Northern Ireland and the Republic, describing it as a step backwards.

He said: “I think it will push back the possibility of the island of Ireland being united, which we all hope for in the future and that seems like the logical conclusion.”

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What is the history of inflation at Albertsons, Target, Kroger, Walmart? https://rauensales.com/what-is-the-history-of-inflation-at-albertsons-target-kroger-walmart/ Wed, 19 Jan 2022 21:33:11 +0000 https://rauensales.com/what-is-the-history-of-inflation-at-albertsons-target-kroger-walmart/

Photography: Shutterstock

Datasembly, a provider of real-time, online product data, recently launched its Grocery Price Index tool, which enables CPG companies and retailers to stay ahead of grocery prices, monitor the competition and improve pricing and promotional strategies. The company provides access to billions of grocery and retail price records from every store to hundreds of retailers. More recently, Data assembly work with WGB to curate a list – a price inflation dashboard – to show how inflation is affecting some of the major products and product categories in the grocery store. This dashboard provides year-over-year price change data for 273 products across 10,370 unique stores spanning four retail chains: Albertsons, Target, Kroger and Walmart. To better understand the dashboard and its meaning for retail, WGB recently caught up with Datasembly CEO Ben Reich.

Jennifer Strailey: Which scorecard categories are most inflation-sensitive?

Ben Reich: According to the scorecard, the top three categories showing dramatic year-over-year price inflation are produce (12.1%), meat and seafood (9.7%) and condiments. , sauces and spices (8.7%) as of January 12, 2022. These three categories saw notable peaks through the fourth quarter of 2021 and continue to increase in January 2022. So far in January 2022, the category condiments, sauces and spices grew the most year-over-year at 21.3%, followed by the candy category at 20.3%.

Grocery Price Tracker Datasembly

Based on your inflation dashboard (in the categories we have selected for the WGB basket), what trends do you see and where do you think prices are going? Are prices fluctuating or is inflation causing high prices that are here to stay for the foreseeable future?

Inflation is at its highest point in nearly 40 years, and we expect this to continue in the near future. Food manufacturers and grocers have faced higher costs for commodities, labor, transportation and other expenses during the pandemic. These costs have continued to rise, leading manufacturers to pass some of these costs on to their retail customers, who in turn have passed some of them on to consumers…these are not factors that will change radically in the near future. We anticipate this will likely create demand for new private label products, demonstrate new elasticity ranges for key value items, and create a substantial shift in long-standing consumer behaviors.

How can food retailers benefit from tracking inflation across the store and how can they leverage this data?

The ability to track inflation across the store will provide retailers with critical market-wide insights they can leverage to price products. These inflation trends can strategically be used to pass price increases/decreases on to the customer to manage customer value perception and customer loyalty. A holistic view of categories and key value elements (KVIs) can help manage this on shelves throughout the year, ensuring a balanced approach to these changes. We have found that this information, coupled with real-time local pricing, promotion and product assortment data, are critical assets that help retailers meet these challenges.

What is the most interesting or surprising data point to emerge from the Inflation Dashboard?

Inflation for the product category increased from 1.6% to 19.6% from the start of the fourth quarter to the end of the fourth quarter (October to December), demonstrating the continued volatility of the supply chain and labor issues.

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Qualtrics results: what to watch on January 26? https://rauensales.com/qualtrics-results-what-to-watch-on-january-26/ Wed, 19 Jan 2022 16:30:00 +0000 https://rauensales.com/qualtrics-results-what-to-watch-on-january-26/

Qualtrics International (NASDAQ:XM)which bills itself as the leader and creator of the experience management (XM) category, is expected to report its fourth quarter and full year 2021 results after market close on Wednesday, January 26. A conference call with analysts is scheduled to follow at 5 p.m. ET.

Qualtrics has comfortably beaten Wall Street earnings estimates in the four quarters it has released since its initial public offering (IPO) in January 2021. Indeed, in the last quarter, it even posted a surprise adjusted profit as well as an acceleration in analyst earnings forecasts. . (The company’s IPO was a spinoff from the German software giant SAPwhich retained a majority stake.)

Given that track record, investors are likely optimistic that Qualtrics will release another quarterly report that tops Street’s consensus estimate. However, even better than expected results and forecasts do not necessarily mean that the stock will rise after the release. Tech stocks have been under pressure recently due to the expectation that the Federal Reserve will raise interest rates several times this year.

As for the stock, it closed at $26.38 on Tuesday, January 18. That’s just a slight drop from its IPO price of $30, but down significantly – 37% – from its opening price of $41.85 on the first day of trading.

Here’s what to watch for in Qualtrics’ upcoming Q4 report.

Image source: Getty Images.

Qualtrics Quarterly Key Figures

Metric Q4 2020 result Qualtrics Guidance for Q4 2021 Wall Street consensus estimate for the fourth quarter of 2021 The Projected Change of Wall Street

Income

$213.6 million

$296 million to $298 million

$297.6 million

39%

Adjusted earnings (loss) per share

($0.02)

($0.04) at ($0.02)

($0.02) N / A

Data sources: Qualtrics International and Yahoo! Finance.

Qualtrics revenue will grow in the fourth quarter thanks to its $1.1 billion acquisition of Clarabridge, which closed on October 1, 2021. Clarabridge is said to be a leader in omnichannel conversational analytics.

For context, in the third quarter, Qualtrics’ total sales increased 41% year-over-year to $271.6 million, driven by a 49% increase in subscription revenue at 220, $3 million.

For the third quarter, net loss under generally accepted accounting principles (GAAP) was $286 million, or $0.56 per share, compared to net loss of $85.7 million, or $0.20 per share. share, at the same time last year. Adjusted for one-time items, net income was $5.9 million, or $0.01 per share, compared to a net loss of $0.4 million, or $0.00 (break-even) per share, in the quarter of the previous year.

Wall Street was looking for an adjusted value loss of $0.02 per share on revenue of $258.2 million. Thus, Qualtrics’ third quarter results easily exceeded both expectations. He also ran under his own guidelines, which targeted income between $257 million and $259 million and an adjusted loss per share of between $0.03 and $0.01.

Key indicators

Besides the usual numbers or headlines, investors should also focus on key customer metrics. Management discussed these measures during the earnings call.

Last quarter, the number of customers spending more than $100,000 in annual recurring revenue increased 38% year over year to 1,668 customers. And Qualtrics’ net dollar retention rate was 125%. This means that existing customers have increased their spend on the company’s offerings by an average of 25% over the prior year.

Advice

The market’s reaction to Qualtrics’ earnings release will likely depend more on the forecast than on the fourth quarter results.

Wall Street currently forecasts first-quarter revenue to rise 32% year-over-year to $314.7 million. Adjusted for one-time items, analysts expect a loss of $0.01, compared to a profit of $0.01 a year earlier.

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Brexit Britain unveils new £200m factory: ‘UK no longer making anything? Wrong!’ | Science | News https://rauensales.com/brexit-britain-unveils-new-200m-factory-uk-no-longer-making-anything-wrong-science-news/ Wed, 19 Jan 2022 08:10:00 +0000 https://rauensales.com/brexit-britain-unveils-new-200m-factory-uk-no-longer-making-anything-wrong-science-news/

Under construction in Goole, Yorkshire, the new project will create 700 direct jobs and 1,700 positions across the UK. GMI Construction Group is on course to deliver it a £35m contract and aims to hand the project over to Siemens Mobility in March. The £200million investment is the centerpiece of a 67-acre railway village site.

Contracts worth £50m have been awarded to UK firms, the majority of which are based in Yorkshire.

Underground trains for London’s Piccadilly Line will be the first to be manufactured at the site.

Sharing the news on Twitter, Mr Freeman said: “The UK no longer makes anything? Wrong.

“The UK’s annual production is £191 billion.

“This makes us the 9th largest manufacturer in the world.

“We have enormous specialized expertise in advanced manufacturing.”

There are currently five main bodies under development at Goole.

These include construction, assembly, testing, commissioning and trucking of the train body, as well as dedicated office space.

It will also see 4.5 km of railway tracks connecting the facilities to the main railway line laid, with five lines in total.

Lee Powell, the new Managing Director of GMI Construction, said, “The economic benefits of the GMI Construction program will be lasting for the region and will extend well beyond the local payroll.

READ MORE: Covid breakthrough as virus ‘Achilles’ heel’ discovered: ‘Why do people end up in hospital!’

“We are committed to supporting local jobs and skills and working with local employment and training initiatives as well as links with educational institutions.”

As part of this project, GMI created four new apprenticeship places and preserved six other positions.

It also hosts educational tours and workshops for schools, colleges and universities and will offer five university or college internships.

It comes after data from IHS Markit and the Chartered Institute of Procurement and Supply (Cips) showed production growth at UK factories was limited at the start of the year.

This left some people pointing fingers at Brexit.

According to the survey of 650 manufacturers, which is tracked by the government and the Bank of England for warning signs of the economy, new work inflows from abroad fell for the fourth consecutive month .

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While companies reported continued growth late last year and a slight easing of supply chain delays, manufacturers said logistical issues, Brexit difficulties and the possibility of further pandemic restrictions at home and abroad had hurt export demand by the end of the year.

Researcher Euler Hermes said new trade restrictions since leaving the EU and the impact of the pandemic mean UK exporters are on track to be the slowest among major European economies to recover from COVID -19.

But those fears seem to have dissipated.

The Office for National Statistics (ONS) announced last week: “GDP increased by 0.9% in November and is now 0.7% above its pre-pandemic peak.

“Services increased by 0.7%, manufacturing by 1.1% and construction by 3.5%.

Mr Sunak commented: “It’s amazing to see the size of the economy return to pre-pandemic levels in November – a testament to the courage and determination of the British people.

The government continues to support individuals and businesses, including through grants, loans and tax relief.”

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Are retailers moving closer to last mile delivery? – RetailWire https://rauensales.com/are-retailers-moving-closer-to-last-mile-delivery-retailwire/ Tue, 18 Jan 2022 16:41:15 +0000 https://rauensales.com/are-retailers-moving-closer-to-last-mile-delivery-retailwire/

January 18, 2022

A new global survey finds that 99% of retailers plan to offer same-day delivery by 2025, up from 35% who are able to do so today. However, only 29% believe they are currently doing a good job of meeting their delivery windows.

the survey of 500 retailers from the United States, Canada, United Kingdom, Germany, France and Italy, commissioned by Bringg, was made in December.

The biggest impediment to on-time delivery turned out to be lack of real-time order visibility/tracking, cited by 36% and up from just 14% in a December 2020 survey.

The second most important obstacle was the travel distance between the warehouse, the point of sale, etc. and the point of delivery, cited as the biggest problem by 24% of respondents. Close behind as a major barrier was the number of drivers and size of fleets available to make deliveries, cited by 23%.

Dispatch and routing issues (10%) and costs (6%) rank among the smallest barriers. The study noted that when exploring respondents who were very satisfied with the delivery/fulfillment options they offer, the cost challenge rises to 42%.

Among the challenges of scaling delivery were inefficient manual processes for scheduling and ship orders, cited by 55 percent. Only 35% have fully automated last-mile delivery and fulfillment operations, with 60% using a combination of manual and automated methods.

Forty-one percent said they struggled to work with multiple delivery fleets (crowd source, third-party, own, etc.). More than 80% of retailers work with more than five suppliers. Issues with working with multiple third-party fleets include lack of brand control (cited by 36%), lack of visibility (26%), cost (23%), and integrating multiple fleets (16%) .

Other challenges with scaling delivery include planning delivery times with customers (46%) and managing multiple fulfillment channels across disparate technologies (44%).

Sustainability and carbon emissions are also seen as important considerations, with 56% of retailers using electric vehicle fleets and one in three using bicycle fleets.

DISCUSSION QUESTIONS: What are the obvious and less obvious barriers that stand in the way of optimizing last mile delivery? Which technologies and other solutions are the most promising?

Braintrust

“The holy grail would be a turnkey delivery provider that consolidates all delivery providers into a cohesive network that simplifies the entire delivery process.”

wpDiscuz

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Work from home and business real estate https://rauensales.com/work-from-home-and-business-real-estate/ Tue, 18 Jan 2022 00:03:12 +0000 https://rauensales.com/work-from-home-and-business-real-estate/ Antonin Bergeaud, Jean Benoit Eymeoud, Thomas Garcia, Dorian Henricot January 18, 2022

As employers and employees have implemented remote working methods to limit physical interactions during Covid-19 outbreaks, working from home has become increasingly routine. This column examines how players in the commercial property market have adapted to the growth of telecommuting in France and finds that it has already made a noticeable difference in office markets. In departments more exposed to telework, the pandemic has led to higher vacancy rates, less construction and lower prices. Forward-looking indicators suggest that market participants believe the shift to remote working will continue.

One of the main hysteresis of the Covid-19 pandemic on the organization of work is probably the spectacular take-off of teleworking. Forced by circumstances, employers and employees have had to implement new ways of working remotely to limit physical interactions during the acute phases of the epidemic. This experience has prompted companies to invest more in computer equipment and to adapt their management practices. Teleworking has thus already become a common practice for many workers and should continue (Barrero et al. 2021).

The polarization of economic activity has led to a significant increase in real estate prices in dynamic areas. Office real estate is no exception and the cost of business real estate is increasingly weighing on business results (Bergeaud and Ray 2020). Companies taking advantage of telework to reduce the demand for office space could induce a structural slowdown in the commercial real estate market. In the United States, Bloom and Ramani (2021) show that the pandemic and the rise of telecommuting are already having a substantial impact on the spatial dynamics of urban real estate, producing a “doughnut effect”. In a recent study (Bergeaud et al. 2021), we examine the first signs of such an adjustment in France.

Local heterogeneity of the propensity to telework

We first define an index that measures exposure to the deployment of teleworking at the department level (department) level. The index is the product of two components. First, we use the indicator constructed by Dingel and Neiman (2020) at the occupation level and apply it to the local composition of labor in France. We interpret this as maximum telework potential. However, this upper limit is unlikely to be reached in practice (Bartik et al. 2020). In addition, we introduce frictions (quality of internet infrastructure, average travel time, number of families with children) that prevent the full use of the potential of telework. We extract a principal component of these frictions and combine it with the maximum potential to construct a single index that measures the actual propensity to telecommute by county.

This indicator is presented in Figure 1. Although it naturally shows a strong correlation with population density, we found that it remains positively correlated with the actual intensity of telework after being residual. The bottom map plots this residual geographic distribution.

Figure 1

To note: The top map shows the teleworking index by department. The bottom map shows the telework index purged of density effects. For both maps, counties with the darkest index have the highest telecommuting capacity.

Corporate real estate market adjustments

We analyze the differential evolution of corporate real estate in counties with different telecommuting propensities and show that stronger corporate real estate market adjustments occur in areas with higher telecommuting propensities. high.

On the quantity side, the top panel of Figure 2 shows the evolution of actual office space built since 2018 (dark blue line) and its trend before Covid-19, extrapolated (light blue line). The bottom panel shows county-level loss based on the telecommuting index. While the whole country has experienced a significant slowdown in terms of new construction, the losses are unevenly distributed across the territory and positively correlated with the teleworking indicator. Importantly, these effects control for economic activity, measured as local variations in unemployment.

Figure 2

a) Dynamics of the construction of office spaces

b) Loss of office buildings and teleworking index

To note: This figure shows (a) the time series of office space construction losses (seasonally adjusted and relative to trends detailed in the text) between February 2018 and March 2021, and (b) the correlation between office space construction loss office spaces after the outbreak of the pandemic and the county-level telecommuting index.

To examine price reactions, we use building-level information from the regulatory reports of French property investment funds (FIEI). REIFs report quarterly valuations of their building-level assets. We estimate the marginal effect of a change of one percentage point in the teleworking indicator on the probability of a downward revision of the prices of buildings in the office segment compared to the other segments each quarter. These effects are plotted in Figure 3 along with the 95% confidence interval. Before Covid-19 (red line), there was no significant difference in price adjustment dynamics; after the pandemic hit, office prices in highly telecommutable counties were lowered more frequently than others.

The magnitude of the effect (the sum of the coefficients from 2020q2 to 2021q1) suggests that a one standard deviation increase in the value of the teleworking indicator (0.072) increases the probability of a downward revision of price of about seven percentage points. Such an increase would be equivalent to going from the average department to the Lille or Lyon region. This corresponds to a very large effect considering that the observed unconditional probability of a downward price revision was 5.8% before 2020.

picture 3

To note: Effect of a change of one percentage point in the teleworking indicator on the marginal probability of a downward revision of the prices of buildings in the office segment compared to the other real estate segments for each quarter.

Are these effects compatible with a permanent deployment of telework, or do investors expect this change to be temporary? We perform an empirical exercise based on a simple asset valuation formula to measure the elasticity of telework vacancy rates implied by the elasticity of telework prices. It appears that county-level price declines are consistent with a permanent increase in county-level vacancy rates.

Consequences

These developments could have different consequences for the economy. In the short term, the decline in corporate real estate prices and the associated uncertainty may limit companies’ ability to finance through collateral (Chaney et al. 2012). The reduced demand for office space also creates imbalances on the supply side that the market will have to absorb. Rising vacancy rates in the commercial segment could eventually impact the residential real estate market, as the two markets are historically correlated. Future developments now depend on whether market players have overreacted amid heightened uncertainty or downplayed the future organization of work.

The references

Barrero, JM, N Bloom and SJ Davis (2021), “Why working from home will stick”, NBER Working Paper No. w28731.

Bartik, A, Z Cullen, E Glaeser, M Luca and C Stanton (2020), “How the COVID-19 crisis is reshaping remote working”, VoxEU.org, 19 July.

Bergeaud, A and S Ray (2020), “Macroeconomics of teleworking”, Banque de France Bulletin 213, article 2.

Bergeaud, A, JB Eyméoud, T Garcia and D Henricot (2021), “Telework and business real estate”, November.

Bloom, N and A Ramani (2021), “The donut effect of COVID-19 on cities”, VoxEU.org, 28 January.

Chaney, T, D Sraer and D Thesmar (2012), “The Collateral Channel: How Real Estate Shocks Affect Corporate Investment? », American Economic Review 102.

Dingel, JI and B Neiman (2020), “How much work can you do at home? », Journal of Public Economics 189:104235.

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What are the issues and opportunities facing UK operators? https://rauensales.com/what-are-the-issues-and-opportunities-facing-uk-operators/ Mon, 17 Jan 2022 16:32:51 +0000 https://rauensales.com/what-are-the-issues-and-opportunities-facing-uk-operators/

Five and a half years have passed since the UK voted to withdraw from the European Union.

After an extended period in regulatory limbo, followed by an 11-month transition period, labeling challenges and opportunities are increasingly presenting themselves to UK food operators.

“As far as legislation is concerned, on the labeling front, we are pretty much consistent ad idem. However, there will be changes,” ​according to Jessica Burt, Association of Food Law at British law firm Mills & Reeve, “and there are going to be changes in interpretation.”

While some, often slight, differences have always existed in food labeling between European member states, Burt expects these differences to increase – particularly in the case of the UK.

“UK courts no longer need to follow the requirements of EU courts now”, she pointed out at the Westminster Food & Nutrition Forum earlier this month. “Although we think there will be a general push towards consistency.”

The food law expert continued: “There will be discrepancies and there may well be associated opportunities for food producers trying to leverage in different areas. However, these changes could also mean that regulatory requirements are tightening.

Divergence: spotlight on technical requirements

One of the big discrepancies between EU and non-EU food labeling that impacts UK food operators is country of origin labelling.

From 1 January 2021, EU law required that ‘UK’ or ‘non-EU’ labeling be affixed to products sold in Europe. In the UK, food business operators can continue to indicate the source as “EU” until 30 September 2022.

UK retailer Morrisons recently made headlines when it labeled a UK chicken product as containing ‘non-EU salt and pepper’. Although the label complies with packaging regulations, Morrisons’ labeling has been criticized for being ‘anti-EU’.

“While you can be technically compliant on labels, you should also consider political sensitivities,” advised Burt, suggesting that Morrisons might have overlooked this aspect.

One of the big discrepancies between EU and non-EU food labeling impacting UK food operators is country of origin labeling GettyImages/Aja Koska

Another divergence following the UK’s withdrawal from the EU is the change in regulatory agencies. The European Food Safety Authority (EFSA) no longer approves trade clearance for UK food businesses, with Defra and the Food Safety Agency (FSA) taking control instead. This will affect a range of logos from organic certification to protected names.

“It’s just an emblem change, and you’ll find you’ll have to submit parallel applications to ensure you can sell in both the UK and EU,” Burt advised.

Health and nutrition claims

As it stands, the legislation regarding nutrition and health claims is the same in both UK and EU jurisdictions. However, Burt warned that there are now different application processes for these claims, which could create the potential for discrepancy.

At the same time, there is pressure for consistency. “It’s really important for the consumer to know where to look on the label and to have the same type of configuration”, we have been told.

What other discrepancies might exist in nutrition and health labelling? The Mills & Reeve lawyer said she was “still hopeful” the UK would drop the kilojoule (kj) benchmark back, with calories (kcal) highlighting only energy values. “You would be hard pressed to find a consumer, or anyone, who understands [kilojoules] UK.”

calories

Jessica Burt of Mills & Reeve hopes the UK will cut kilojoules in favor of calories alone. GettyImages/Spauln

Burt is awaiting the results of the European Commission’s consultation on front-of-package (FOP) nutrition labeling to see what other potential areas of divergence may emerge. On the one hand, a mandatory FOP label in Europe could create an opportunity for differentiation in the UK that could “show products in their best light”, we were told.

Equally, it could lead to increased costs for food manufacturers working under two different manufacturing methods for EU and UK supply.

Novel foods and GMOs

The impact of Brexit on new product development in the UK has yet to be fully realized. But in terms of novel foods, the UK currently follows EU criteria. There are now two parallel processes for food business operators applying for novel food authorization in both jurisdictions.

“However, there will be an overriding political aspect that will be incorporated into the UK process,” Burt pointed out, “where there is a reference to any other legitimate factor relevant to the request.”

gmo corn nevarpp

An increased interest in gene editing has been observed in the UK. GettyImages/nevarpp

Elsewhere, increased interest in gene editing has been seen in the UK, with a consultation held this year on stopping the regulation of certain genetically modified organisms in the same way as genetically modified organisms.

Burt interprets this as a “genuine political push” in the UK to pursue opportunities in gene editing and new technologies – something he was unable to pursue while in the EU.

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Meeting the Clean Energy Goal https://rauensales.com/meeting-the-clean-energy-goal/ Sun, 16 Jan 2022 23:00:00 +0000 https://rauensales.com/meeting-the-clean-energy-goal/

There is a need to create a dedicated entity to address the challenges facing renewable energy in India

By Disha Agarwal & Neeraj Kuldeep

The year 2022 could be a pivotal year for India’s energy transition. Recently, some of India’s largest energy companies – Reliance Industries Ltd, Adani Group and NTPC Ltd – had announced massive investments in renewable energy (RE), mainly solar, to herald their transition to a low-carbon future. Additionally, according to the CEEW Center for Energy Finance, in 2021, Indian renewable energy companies raised a record $5.9 billion through “green bonds” in overseas debt markets. Despite these positive signals, the task ahead of us remains herculean. As of 2016, the average RE deployment rate in India is around 10 GW per year. That must almost quadruple if renewables were to make up at least 85% of the government’s target to have 500 GW of clean energy capacity in place by 2030. years to come?

Over the past decade, India has been at the forefront of adopting innovative approaches and solutions to boost the prospects of its renewable energy sector. Of all the measures taken, three have changed the situation: tariff consolidation to make solar an acceptable option for electricity distribution companies (discoms); promote solar farms to achieve scale and speed of deployment; and the establishment of payment security mechanisms to reduce the risks associated with investments in renewable energy projects. More recently, regulators have introduced new electricity trading platforms such as the Real Time Market (RTM) to facilitate grid management. As we prepare for the decade-long marathon, we recommend three critical priorities that must be at the heart of the next phase of India’s energy transition.

First, build a diverse tech mix. In recent years, utility-scale solar PV has become the most preferred technology choice as policymakers target cost reduction and economies of scale. However, India also has huge potential to promote alternative technologies and applications such as floating and rooftop solar power, onshore decentralized wind, offshore wind, small hydropower and grid power. biomass. For perspective, decentralized onshore wind projects of up to 50MW could tap into underutilized state transmission networks in windy states beyond Tamil Nadu and Gujarat, which host nearly 50% of wind capacity. total installed today.

Likewise, floating solar has huge potential, exceeding 2,400 GW in eastern states, which are otherwise unattractive for onshore wind or utility-scale solar. Efficient rooftop solar projects could provide benefits to consumers in the northeast. Diversifying our technology mix would not only provide flexibility and resilience to our power system, but also bring the desired socio-economic benefits by bringing the transition closer to communities.

Second, support the creation of demand for renewable energy. Today, financially challenged utilities are struggling to increase the share of renewables in their portfolios. Only four states met or exceeded their revolving procurement obligation in 2019-20. Adverse policy measures in some states have made it difficult for large consumers to switch to cheaper renewable energy sources. For example, only 12% of the total installed large-scale solar capacity is open access today. However, with advances in storage technologies and falling costs, it would be possible for consumers to reduce the network contract load. Therefore, nightclubs could take advantage of technological and market developments to meet the needs of their highest-paying consumers.

In addition, freeing discoms from contracts with old and inefficient coal-fired power plants could create the leeway needed to source renewable energy and other flexible resources through market platforms. Partially indexed RE tariffs could be another immediate solution to increase the attractiveness of RE for both clubs and developers.

Third, transform institutions. Meeting the 2030 targets would require us to accelerate project development, improve implementation efficiency, strengthen procurement processes, and improve transparency on RE resource potential and grid infrastructure. . It also calls for the creation of mechanisms for faster resolution of power purchase agreement disputes, late payments and reduced power generation. A dedicated entity, mandated to deal with these issues, could ensure a coordinated and systematic development of projects. To this end, the Solar Energy Corporation of India could be empowered to become the National Renewable Energy Corporation (NREC). The NREC could act as a single point entity for renewable energy producers. The NREC would also facilitate better coordination between the Center and the State and a diverse mix of RE technologies. This would help build trust between existing and potential investors.

At COP26, India once again showed its commitment to real climate action. In the 2022 Union Budget, India must back its ambition with actions. Success in creating enabling frameworks would give new wings to India’s renewable energy story.

The author is Program Manager at the Council on Energy, Environment and Water (CEEW)

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Should Disney World be more expensive? https://rauensales.com/should-disney-world-be-more-expensive/ Sun, 16 Jan 2022 16:00:00 +0000 https://rauensales.com/should-disney-world-be-more-expensive/

NOTo someone leaves Disney World in Florida thinking it was an inexpensive experience. waltz disney (NYSE: DIS) theme parks are not cheap. Over the years, prices for Disney World admission, food, lodging, and merchandise have far outpaced inflation.

But there is another side to this story.

A counterpoint to Disney’s perpetual price hike was on display at Epcot this weekend. The International Festival of the Arts kicked off on Friday, but it wasn’t the unique international food stations, art exhibits or even iconic rides and attractions that drew crowds when the park opened. Guests lined up to purchase a popcorn bucket in the form of Figment, an iconic Epcot character we’ll get to shortly.

Disney charges $25 for the bucket, and that includes a $5 serving of rainbow-colored popcorn. On Friday, the line snaked through the park, and at one point the wait time was estimated at over seven hours. Some of the people in the queue grabbed as many buckets as they could, despite the stated limitation of two Figment containers per guest, and put them up for sale on marketplace sites. Among the more than 200 that had already been successfully sold on eBay On Saturday, the average final sale price was well north of $100, a range up to a shipping price of $292.75.

The narrative on social media among Disney World enthusiasts is largely the outrage over the dealers. They took places in the line with the aim of potentially making four to five times their initial investment. However, there is also another side to this story: Why don’t we talk about how Disney is leaving money on the table by charging so little for Figment buckets in the first place? No one wants to discuss it, because that would be tantamount to admitting that the historically upscale resort sometimes undercharges its guests.

Image source: Disney.

A small park of inspiration

Before we get into why I’m about to be ridiculed on Disney social media for defending the media giant’s awards, let’s talk about Figment. Unless you’ve been to Disney World’s Epcot, you probably have no idea who the amalgamation of real and fictional animals with yellow, pink, and purple eyes are to inspire such a feeding frenzy. He arrived at Epcot in early 1983 as the star of Journey Into Imagination, a slow ride that inspired guest creativity. The ride opened just months after the park itself debuted in late 1982.

The ride has had a few updates, but Figment is still here. He’s appeared in a few brief roles outside of the park and even inspired a comic book series, but he’s mostly unknown outside of Epcot regulars. In fact, Monty Python’s Eric Idle had a humorous but heated exchange with fans last year when he mistook Figment for another character. This is relevant as Idle plays the main role with Figment. He explained that he had never participated in the attraction, recording his part from a studio in Los Angeles. In short, even the ride’s current Dr. Nigel Channing himself has no idea who Figment is.

The lack of recognition outside of Disney World enthusiasts likely helped fuel its popularity. Figment has become something of a secret handshake among Disneyphiles, so of course throwing a festival with a bucket of collectible plastic popcorn in his likeness was going to be a big draw.

The line for Figment buckets was considerably shorter on Saturday, but still over an hour for most nostalgia-hungry collectors. Disney is smart. It’s apparently well-stocked this time around, and resale prices in third-party markets will eventually drop to meet supply. The problem is that merchandise pinball machines continue to be a problem for Disney theme park collectible releases. Make more buckets — and loading more for them – is a way to solve the problem, increasing its profits along the way.

To suggest that Disney might charge $45 and more than double its profit — it takes less than $5 to make and ship these bad boys in bulk — is going to be unpopular. Disney is regularly criticized for raising the prices of annual passes, special events and high-end theme park experiences. Inflation is only partly responsible for soaring food, drink and commodity prices.

But even when Disney World is criticized for raising its prices, the result is usually that it might charge even more.

  • The after-hours Halloween party that returned to the Magic Kingdom last summer after a two-year hiatus was a bit of a shocker. Starting prices were 63% higher. The Internet was outraged. Yet every night, full.
  • The return of annual passes in September came with reduced perks and higher prices. They sold so well that Disney World suspended sales of the most popular options two months later.
  • Disney followed the lead of most of its rivals, introducing premium-priced access to fast-track queues three months ago. It was a controversial move, but “Lightning Lane” access to top attractions – those that require one-time payments – has often been more popular than the pre-pandemic platform that was included at no extra cost.

Disney World isn’t cheap, and it probably never will be because it doesn’t have to be. It is the premium game in entertainment actions. It’s pricey, sure, but until park-goers back off, Disney has more elasticity and price flexibility than it thinks.

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Brexit news: UK comes back strong to overtake EU as economist hails ‘positive momentum’ | Politics | News https://rauensales.com/brexit-news-uk-comes-back-strong-to-overtake-eu-as-economist-hails-positive-momentum-politics-news/ Sun, 16 Jan 2022 00:00:00 +0000 https://rauensales.com/brexit-news-uk-comes-back-strong-to-overtake-eu-as-economist-hails-positive-momentum-politics-news/

Julian Jessop took to Twitter after the Office for National Statistics released its latest economic statistics, for November 2021, which revealed GDP grew by 0.9%, while the economy was 0 higher .7% from February 2020. Mr Jessop, who used the data to update his UK GDP forecast said: “UK economic growth in 2021 is expected to be just below 7, 5%, which is 1% more than forecast in the October budget and 3% more than the consensus at the start of last year.

“This means the UK was almost certainly the fastest growing G7 economy in 2021.”

Many were likely to see this as an inevitable minor recovery after the sharp fall in 2020, conceded Mr Jessop, the former chief economist at the Institute of Economic Affairs (IEA).

However, he added: “The UK still did much better than expected, even taking into account this favorable base effect.”

To illustrate his point, Mr Jessop shares a chart comparing what he called “two different vintages” of the Organization for Economic Co-operation and Development’s forecast for the past year.

He said: “In December 2020, the OECD expected the UK to grow by 4.2% in 2021 and be overtaken by France and Italy.

“This turned out to be the biggest forecasting error for any G7 economy.

READ MORE: Booming Britain – EIGHT ways the UK is better off outside the EU

“The economy is still much smaller than if it had continued to grow at its pre-Covid trend, and parts of it are still on life support.

“But the UK recovery also ended 2021 with more positive momentum than many of its peers, with GDP up around 1% in the fourth quarter.

“So while UK GDP has returned to pre-Covid levels a bit later than some (notably the US and France), it has a better chance of continuing from here.”

Early estimates for the year 2021, which were also released on Friday, also suggested Germany was now the “G7 laggard”, Mr Jessop said.

He explained: “German GDP fell 0.5% to 1.0% q/q in the fourth quarter and is still below its pre-Covid level, due to supply chain issues, soaring inflation and Omicron restriction.”

For the rest of 2022, Mr Jessop expects UK GDP to be likely to be between 5.5 and 6 per cent.

He said: “Recovery likely stalled again in December and January, due to caution around #Omicron, and rising energy bills and tax hikes will add to the headwinds in 2022.

“But there should also be strong tailwinds, including strength in the #jobs market, further easing of #Brexit uncertainty, a rebound in #business investment and the disappearance of the Covid threat .

“More timely business and consumer surveys are also generally reassuring.”

He concluded: “The UK economy is set to beat expectations again this year.

Clearly, the risks are significant (in both directions) and the government may need to do more to help low-income households in particular.

“But the consensus still looks too pessimistic, just as it was in 2021.”

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