Month: June 2018

How Much Is The Golf Industry Worth

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Golf….You’re thinking Tiger Woods, groomed courses and televised tournaments, the swing of the club, the sound of the ball hitting the bottom of the cup and the sweet smell of freshly mowed greens. However, economists think of something different- they think of 62 billion dollars!

This figure was calculated by GOLF 20/20, a project focusing on the golf-industry and its growth and run by the World Golf Foundation.

Sixty-two billion dollars is not how much it costs these economists to play golf, but is instead the figure representing the total worth of the golf industry (as of 2000). This staggering figure sums up golf facility operations, investments in courses, supplies, media, tournaments and charities as well as hospitality, tourism and real estate.

GOLF 20/20 was conducted by an independent research SRI International and was presented by Peter Ryan at the annual GOLF 20/20 conference, appropriately held in St. Augustine, Florida. The World Golf Foundation sponsors GOLF 20/20 in order to help grow the sport, and 2002 marked the first release of an estimate of the overall value of the industry. This estimate will help predict the growth of the game in years to come.

So far, past estimates have been overtaken by actual growth. In the past fifteen years the golf industry has grown so rapidly that it outran inflation and blew away estimates made in the 1980s. According to this growth, it is estimated that the industry will hold 55 million participants by 2020. Compared to other industries such as sound recording and the amusement, gambling and recreation industry, the golf industry is around $10 billion ahead.

A large amount of the golf industry depending on charitable golf tournaments, of which there were over 140,000 each year in the United States as of 2002. In total, around 15 million golfers participated in these events in 2002 grossing over $2.9 million for charity. Professional golf tournaments alone generate between $75 and $100 million, leading to an estimated total of $3,225,000,000, not including contributions made by corporations within the golf industry.

The 2002 Golf economy report (also generated by GOLF 20/20) suggests about 36 million people participated in the golf industry in that year and over 15,000 regulation courses exist for these millions of participants.

Within the golf industry, two different industries are cited by the 2002 study. First are the “core” industries of golf courses, golf wear, golf equipment, and anything else directly created for the sole use of the golf industry. The second industry includes media while real estate, tourism and travel, making up the “enabled” industry relying on golf for a large amount of business.

The core industries within golf generate the bulk of its value at $38.8 billion, while the enabled industries generate the remaining $23.4 billion.

In 2002 the total expense of golf supplies, equipment, apparel and books or magazine ended at $6 billion with the apparel market alone generation $1 billion. This marks an 11 percent growth in the golf apparel market since 1984.

Major golf tournaments grosses $871 million in 2000, as generated by fees, broadcast rights costs, corporate sponsors and spectator tickets and merchandise sales. Individual golfer endorsement earnings together were worth $225 million, also contributing greatly to the golf economy.
Finally, the real estate industry has generated $264 billion in new home construction on golf courses. The 1.5 million homes constructed in 2002 to make this total increase in value due to their location on or near a golf course.

All in all, the golf industry provides much more than an enjoyable game. This industry significantly contributes to the world economy through direct and indirect means and provides for wonderful entertainment to millions. GOLF 20/20 will continue to track the golf industry and look forward to rapid growth in the coming future.

The Wedding Industry – History, Facts And Whatnot

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In 2008, more than two million couples married in the United States alone. While in Canada, around 115,000 marriages happen daily. China, the most populous country, has 9 million marrying couples every year, spending $19,900 dollars per wedding. Such an escalating rate attracted many capitalists to what we know today as the wedding industry.

The wedding industry is composed of many business enterprises including the jewelleries, caterers, couture, flower shops, printing press, music, transportation, photography and videography. Because no company provide all of this in one-stop shop, the wedding planning sector also emerged to relieve couples from the stress. A recent study showed that one out of two brides hire a wedding consultant for the planning.

This industry has further expanded to education sector. The increasing number of schools offering certification on wedding planning and management is an evident of a sustainable industry.

In discussing such occasion with a wedding planner, the usual spending goes to reception cite, engagement ring, honeymoon, wedding rings, photography and video, rehearsal dinner, bridal gown, bridal accessories, bridesmaids, flowers, music, limousines or any transportation, formal wear, and the clergy or chapel.

The industry started as a potential commerce when women were regarded as a commodity and sold in exchange for valuable goods like cattle and grain. In history, wedding ceremonies mark the alliances of powerful tribes or families known today as arranged marriages. The following decades have changed but weddings still played an important role in the society. In some countries, a wedding ceremony reflects the societal status and economic class of a couple. Hence, lavishness in gowns, themes, and reception has become a trend.

Globalization further contributed to the growing industry. As the 60’s and 70’s marked the non-traditional wedding ‘a ceremony outside the church’ destination wedding becomes a vogue. Tourism turned out to be an important economic factor giving ample revenue to countries. The weddings of Hollywood artists greatly intensified the trend.

For example, a traditional Japanese wedding would cost a couple an average of $70,000 according to the Census of Japan in 2005. Because marrying in Guam is cheaper by 60%, the Pacific Daily News reported a 25% wedding of Japanese couple in Guam last year.

Las Vegas, Nevada is ranked as number one city where most couple from all over the world plan to wed, with around 106,000 weddings a year. It is followed by Istanbul, Turkey with 92,000 annually. Gatlinburg in Tennessee and New Orleans in Louisiana, both in the United States, are the next in line respectively. Expensive destination weddings are the Caribbean, Mexico, and almost all parts of Europe.

The Philippine wedding suppliers also penetrated the global market in 2008. Banquet Specialty Shoppe Inc. provide services to several Asia Pacific events. The Jardin de Miramar gained recognition internationally when it was featured in the international news agencies Associated Press and Reuters. Led by Mr. Lito Genilo, the Smart Shot Studio received recognitions from the Wedding and Portrait Photographers International (WPPI) and its local counterpart, Wedding and Portrait Photographers of the Philippines (WPPP).

Dairy Industry Of India

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The dairy industry plays an important role in the socio-economic development of India. The dairy industry in India is instrumental in providing cheap nutritional food to the vast population of India and also generates huge employment opportunities for people in rural places.

The Department of Animal Husbandry, Dairying, and Fisheries, which falls under the central Ministry of Agriculture, is responsible for all the matters relating to dairy development in the country. This department provides advice to the state governments and Union Territories in formulating programmes and policies for dairy development. It also looks after all the matters relating to production and preservation of livestock farms (cattle and sheep). To keep focus on the dairy industry a premier institution known as the National Dairy Development Board was established. This institution is a statutory body that was established in 1987. The main aim to set up the board was to accelerate the pace of dairy development in the country and attract new investments.

India is a wonderland for investors looking for investment opportunities in the dairy industry. The dairy industry holds great potential for investment in India and promises high returns to the investors.

The reasons why the industry has huge potential for attracting new foreign investment are:

1.There is a basic raw material need for the dairy industry; that is, milk is available in abundance.
2.India has a plentiful supply of technically skilled laborers.
3.There is an easy availability of technological infrastructure.
4.India has all the key elements required for a free market system.

There are different sectors within the dairy industry that promise great business investment opportunities:

Biotechnology:
1.The Indian cattle yield less milk as compared to their foreign counterparts. The Indian cattle breeders are on the lookout for ways to improve their milk yield through cross-breeding. Thus, there is a huge potential available for foreign investors to invest in dairy cattle breeding of high-quality buffaloes with hybrid cows.
2.There is also great scope for investment in different dairy cultures, including dairy biologics, enzymes, probiotics, and other coloring materials for food processing.
3.Producing biopreservative ingredients based on dairy fermentation, such as pediococcin, aciophilin, bulgarican, and Nisin contained in dairy powder, also promise great investment opportunity.

Dairy/Food Processing Equipment:
Great potential lies for foreign investment for manufacturing and marketing of cost-effective, top-quality food processing machinery.

Food Packaging Instruments:
There is a tremendous investment opportunity for foreign investors in the manufacturing of both machinery and packaging materials that aid the development of brand loyalty and gives a clear edge in the marketing of dairy products.

Retailing:
Retailing of dairy products also promises great investment opportunities for standardization and upgrading dairy products in the main metropolitan cities.

Manufacture of Ingredients:
Several ingredients are involved in the making of different dairy products like ghee, condensed milk, and cheese. Manufacturing of ingredients for these products offers a great potential for foreign investment in India.

Finished Products:
There is a great scope for investment in the manufacturing of finished dairy products such as cheese sauce and cheese powders.

Technically Advanced Manufacturing Units:
There is a great opportunity for foreign investors to invest in establishing manufacturing units for dairy products. The investors can build world-class manufacturing units and let them for hire. Building manufacturing units supports specialized dairy-related activities, such as cheese slicing, cheese packaging, butter printing, and dicing lines, which hold greater potential over other activities.

Thus, the dairy industry in India has huge investment opportunities in a variety of sectors. The investors are all set to gain profitable returns on their investment.

How Chinese Textile Industry Survived The Financial Crisis

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The impacts of the financial crisis had deprived Chinese textile industry of a large amount of profits. A large number of employees were laid off and the gloomy market demand had indeed made the bad situation even worse.

The decreased sales results had caught the attention of the government. From the second half of 2008, government had increased four times in total the export tax rebate rate, from 11 percent to 16 percent. This conduct of government had enabled the textile industry to regain its competitiveness in the market. Gradually, the textile industry started to get itself back on the right track.

Government played a vital role in dragging the textile industry out of the financial crisis. In 2009, the textile industry went through a series of structure adjustment and scope expansion under the support of the government. Government reinforced its investment in the textile industry to ensure its smooth recovery. The government also established a special fund which was designed to introduce advanced techniques to the further development of textile industry.

Moreover, the relevant textile companies conducted a series of reflections and questioned themselves: what made them so fragile under the attack of financial crisis. It was during this period of time that the textile underwent reorganization and re-construction. It began to dedicate to polishing their brands, developing new brands of excellent quality and affordable price. For instance, the MH Industry Co., Ltd shifts its focus to providing the customers with access to products of high quality and reasonable price.

Besides, it dawned on the textile industry that the cheap labor cost in China was not the permanent advantage for them to compete in the international market. Consequently, the textile industry spent a considerate amount of capital importing technical equipment from foreign countries. In 2009, the sales figure and growth rate of textile industry improved significantly.

The Chinese textile industry has grasped the opportunity for development in the new century. It has fully taken advantage of the optimized industry system and adopted various advanced technologies and management experience. In the same time, it encourages innovation and creativity. In addition, it pays equal attention to explore both domestic and international market. However, there are still problems waiting to be solved. For example, the technical investment is too insufficient to meet the demands of the consumers. The textile industry lacks professional talents and expertise. Unlike other textile industry in western countries, Chinese textile industry appears dull by comparison in term of integrating itself to fashion industry.

Nevertheless, the future lying ahead is nothing but bright and promising. You can refer to the mh-chine.com and find more relevant information.

Fashion Industry as a Career Platform

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Fashion has become a statement these days, style culture, tradition, likes, ethnicity are factors which combines when, can be seen in the outlook a person. Personality grooming constitutes a major portion of fashion, clothing or the attire of a person. The persona of a person is said to be reflected in the way he dresses himself. Every human being has his own style statement which corresponds to the clothing sense and the way he carries himself. These clothes and the accessories we wear forms the part of fashion designing. Not only clothes, shoes, accessories, bags, all forms a part of fashion designing, and the professionals designing them are called fashion designers.

Fashion designing has grown manifold due to the awareness of the common masses about different products in this line and their increasing consciousness about their looks and appearance. As it is said, first impression is the last impression and the first impression of any person we see is formed by the clothing style he carries and fashion designers play an important role in the forming that impression. The professionals in fashion designing always seek some new ideas to implement in their productions, which are then practised by the common masses in the form of wearing their clothes and other designed forms.

Candidates aiming for Fashion Designer Jobs must be very much aware of the types of cloth and should posses familiarity with the quality and life of the cloth and material concerned. A fresher from college, applying for job in the fashion industry is generally advised to first in large fashion houses as a trainee. Because, it is being a trainee that one gets to know all the intricacies of the industry and gets familiar with the working culture. Following are the sectors, working under which, one can be a part of fashion industry:

1.)Textile Industry
2.)Retail Sector
3.)Accessory Designing
4.)Shoe Designing
5.)Jewellery designing
6.)Leather
7.)Technical textile
8.)Chemicals and dyes

Delhi and Mumbai are known as the fashion hubs of the country due to the demand of fashion products in these cities. They have many famous fashion houses and stores or show rooms of the respective brands. Indian fashion industry has grown a lot, also due to its traditional factor. The traditional and cultural attires of India are highly demanded in the foreign lands. Also, many Indian designers have adopted their area as western dressing, and have been equally successful all over the world. Though a person in the starting has to work as a trainer or intern, but with time and as he earns expertise in the field, he can also start his own brand. Creativity and innovation are the success drivers in the fashion industry.

Other than creativity and originality, one also need to have good communication skills and the ability to socialise. Such talents and professions, come into highlight with the word of mouth, therefore one needs to talk about his products and talent more often to let the people know about his work and interests. These days, internet plays a major role in socialising; one can easily market your brand in the market through the net. Social networking sites, blogs, are the ways through which one can write about his views and can showcase his work to the entire world. Its a very interactive and useful media to track the target audience and best thing is that one can know the feedback of his work from his clients on the spot. Other than working as a designer one can work as a business developer, analyst, store manager or technical designer in the fashion industry, which enlarges the arena and the scope of work for the candidates in the industry.