Future revenue mix of most of the global companies is going to change soon. One of the major driving factors would be the revenue shift of the clients that will push them to adopt innovative solutions relevant to the constantly evolving requirements. Companies who are preparing for their clients’ future revenue shift will ride the tide, while others might find it challenging to sustain. Salesforce has taken a similar strategic initiative to acquire Tableau recently, which might be primarily driven by future revenue shift of its clients.
The Indian Air Force (IAF) has once again sourced the highly advanced SPICE-2000 bomb from Israel to strengthen its arsenal. The SPICE-2000 bomb was earlier used in the Balakot airstrike conducted in February 2019, to neutralize Jaish-e-Mohammed (JeM) terrorists hiding in a building. The airstrike was a retaliation against a terror attack carried out by JeM in Jammu and Kashmir's Pulwama district on February 14, 2019, killing 40 Central Reserve Police Force (CRPF) soldiers. As part of a comprehensive defense strategy, the IAF awarded Israel’s Rafael Advanced Defense Systems a USD 40 million contract for the purchase of more than 100 SPICE-2000 bombs.
In the face of stiff competition, companies are trying to outdo each other to bring 5G technology to market. Testing companies, such as Rohde & Schwarz, Keysight Technologies, Fortive, National Instruments, and VIAVI Solutions, have shifted their focus toward the Internet of Things (IoT) and commercialization of 5G testing. National Instruments has set up mmWave vector signal transceiver (VST) to address the test challenges of 5G mmWave radio frequency integrated circuit (RFIC) transceivers and power amplifiers. National Instruments solutions use the mmWave vector signal transceiver (VST), which combines a radio frequency (RF) signal generator, an RF signal analyzer, and integrated switching with 1 GHz of instantaneous bandwidth at frequencies up to 44 GHz.
On 4th June 2019, Cohda Wireless (Australia) and Sasken Technologies (India) announced a strategic technology partnership to accelerate the adoption of V2X (vehicle-to-anything) in the connected vehicles space. The companies plan to utilize cellular or DSRC (dedicated short-range communication) technologies. Cohda Wireless is a global leader in connected autonomous vehicles technologies, whereas Sasken Technologies is a leading product engineering and digital transformation services provider. The partnership will help create a complete TCU (Telematics Control Unit) software reference design that would include Sasken's TCU software and middleware coupled with Cohda Wireless' DSRC/C-V2X (cellular V2X) stack and applications.
The global biodiesel market is projected to reach USD 41.18 billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Biodiesel is a used as a fuel in pure form B100 or by forming blends with conventional petroleum diesel. These blends include B2, B5, and B20 that contain 2%, 5%, and 20% biodiesel, respectively. Biodiesel is environmental-friendly, non-toxic, and readily biodegradable fuel, as it is produced from natural elements such as vegetable oils, animal fats, and greases. It finds usage in end-use industries, such as automotive, power generation, marine, railway, agriculture, and mining. The growing demand for biodiesel from these end-use industries is expected to lead to its increased demand in the biodiesel market.
Biosimilars, also called as follow-on biologics, are the approved biological products that are very similar to another biological drug manufactured by another company. They are cost-effective and help in prevention and treatment of different diseases like cancer, diabetes, autoimmune diseases, and infectious diseases, among others. The global biosimilars market is expected to witness stellar growth over the coming years since it has the ability to provide good-quality products at lower costs, thereby reaching the patient population that cannot afford high-cost treatments.
BASF SE (Germany) is planning to invest USD 10 billion in China to build a new plant for engineering plastics – a strategic move to further strengthen its leading position in the polymers market as the customers producing next-gen automotive, electronics, and electrical products turn to high-performance materials manufacturers for their specific needs. China is the leading market for electric vehicles (EVs), electronics, and electrical products as the country is a key supplier of components as well as end products to the world. The customers in these industries are turning to companies such as BASF to address industry trends such as vehicle electrification, lightweighting, electrical energy saving solutions, and miniaturization of electronic devices.
Gelymar is a global company involved in the extraction of Kapa II and Lambda Carrageenan. Carrageenans belong to the family of linear sulfated polysaccharides that are extracted from red edible seaweeds. The company caters to the pharmaceutical, food, and personal care industries. It operates through its four manufacturing sites located in Chile and Indonesia, along with its two product technology centers. They also have a strong worldwide distribution network in more than 50 countries. On 21st May 2019, the company completed its investment in two plants, Puerto Montt and Tierra del Fuego, to double its production capacity in southern Chile. This investment will help the company to expand itself in North America and Europe. This is due to the rising awareness about the advantages of seaweed consumption in North American and European countries, which is driving the market for commercial seaweeds. The commercial seaweeds market is dominated by the application of seaweeds in the food products such as cakes, cheese, protein drinks, ice cream, sausages, bread, and jellies; this is due to the high-nutritive values offered them.
Airbus recently announced that the Maximum Take-off Weight (MTOW) of its A220 aircraft is set to increase by 2,268 kilograms from 2020, resulting in an increased range of 6,200 kilometers for its A220-300 aircraft and 6,290 kilometers for its A220-100 aircraft, almost 830 kilometers more than its previously advertised range. The company also reached a major milestone of 12,000 deliveries with the delivery of its 12th A220 to Delta Airlines (US); the operator has ordered a further 40 A220-100 aircraft and 50 A220-300 aircraft.