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Predictive Analytics in Global Trade: Forecasting Market Trends with AI

global trade predictive AI

Predictive Analytics in Global Trade: Forecasting Market Trends with AI

In the fast-paced world of global trade, businesses are constantly seeking innovative technologies to maintain a competitive edge. Among these technologies, Artificial Intelligence (AI)-driven predictive analytics emerges as a revolutionary tool, offering profound insights into market trends, inventory management, and strategic decision-making. This article explores how predictive analytics is transforming the global trade industry, enabling businesses to navigate the complexities of international markets with enhanced precision and confidence. 

Read also: Building a Resilient Supply Chain with Advanced Predictive Analytics

The Rise of Predictive Analytics in Global Trade

Predictive analytics leverages data, statistical algorithms, and machine learning techniques to forecast future outcomes based on historical data. In the realm of global trade, this involves analyzing vast datasets from diverse sources to predict market trends, demand fluctuations, and potential supply chain disruptions. The increasing adoption of predictive analytics in this sector underscores the critical role of data in shaping business strategies and improving operational efficiencies. 

Harnessing AI for Market Trend Forecasting

At the core of predictive analytics is AI, which amplifies the ability to process and analyze data at a speed and scale far beyond human capabilities. AI algorithms can navigate complex datasets, identifying patterns and correlations that might elude human analysts. This is particularly advantageous in global trade, where market conditions can shift rapidly due to geopolitical events, economic policies, and changing consumer behaviors. By utilizing AI, businesses can gain a nuanced understanding of these dynamics, allowing them to anticipate market movements and adjust their strategies accordingly. 

Real-World Examples:

  • Maersk’s AI-driven Predictive Models: Consider the case of Maersk, a global shipping giant. By employing AI-driven predictive models and remove vessel monitoring solution, Maersk can forecast the demand for shipping containers, optimizing fleet deployment and reducing idle time. This approach has significantly cut operational costs and enhanced service delivery.  
  • Walmart’s Inventory Management: Walmart uses AI-driven predictive analytics to manage its vast inventory across thousands of stores worldwide. By analyzing sales data, weather patterns, and local events, Walmart can accurately predict product demand and optimize stock levels. This has led to a reduction in stockouts by 30% and decreased excess inventory by 20%, cutting storage costs and improving customer satisfaction.
  • Amazon’s Supply Chain Optimization: Amazon leverages predictive analytics to enhance its supply chain efficiency. The company uses AI to forecast product demand, optimize delivery routes, and manage warehouse operations. This has resulted in faster delivery times, reduced shipping costs by 15%, and improved overall customer experience.
  • UPS’s Route Optimization: UPS employs predictive analytics through its ORION (On-Road Integrated Optimization and Navigation) system. ORION analyzes data from millions of daily deliveries to optimize delivery routes in real-time. This has reduced fuel consumption by 10 million gallons annually and decreased carbon emissions, showcasing significant cost savings and environmental benefits.
  • Zara’s Inventory Management: Fashion retailer Zara uses predictive analytics to manage its inventory and respond quickly to fashion trends. By analyzing sales data, customer feedback, and social media trends, Zara can predict which items will be popular and adjust inventory levels accordingly. This has enabled Zara to reduce unsold inventory by 25% and increase the speed at which new items are brought to market.
  • Unilever’s Demand Forecasting: Unilever uses AI-driven predictive analytics to forecast demand for its diverse range of consumer goods. By integrating data from sales, market trends, and social media, Unilever can anticipate demand spikes and adjust production schedules accordingly. This approach has led to a 20% improvement in forecast accuracy and a 15% reduction in supply chain costs.
  • Delta Air Lines’ Maintenance Scheduling: Delta Air Lines utilizes predictive analytics to anticipate maintenance needs for its fleet. By analyzing data from aircraft sensors and historical maintenance records, Delta can predict potential issues before they occur, and schedule maintenance proactively. This has reduced unplanned maintenance events by 20% and increased aircraft availability by 10%. 

Did you know?

A McKinsey report reveals that companies using AI-driven predictive analytics can reduce forecasting errors by 20% to 50%, leading to inventory reductions of 20% to 30%. 

Inventory Management and Operational Efficiency

Predictive analytics extends beyond forecasting, playing a crucial role in inventory management and operational efficiency. Accurate demand prediction allows businesses to optimize inventory levels, minimizing the risk of overstocking or stockouts. This not only cuts storage costs but also ensures product availability, boosting customer satisfaction. Moreover, predictive analytics can pinpoint potential bottlenecks and inefficiencies in the supply chain, enabling businesses to proactively address these issues and maintain smooth operations.

Strategic Decision-Making and Competitive Advantage

The insights derived from predictive analytics are not merely operational but also strategic. Understanding market trends and consumer preferences empowers businesses to make informed decisions about product development, market entry, and expansion strategies. This strategic agility provides a significant competitive advantage in global trade, where rapid adaptation to market changes can determine success.

Did you know?

Organizations integrating predictive analytics into their strategic decision-making processes are 2.5 times more likely to achieve higher business performance metrics than those that do not. (Gartner)


AI-powered predictive analytics is revolutionizing the global trade industry, providing businesses with unprecedented insights into market trends, inventory management, and strategic decision-making. As companies navigate the complexities of international markets, the ability to forecast and adapt to changing conditions becomes increasingly critical to success. Embracing predictive analytics positions businesses to thrive in the dynamic and interconnected world of global trade. 

For businesses aiming to leverage the power of predictive analytics, partnering with experts in AI and data analytics is a vital step. Companies like Futurism offer comprehensive AI-driven solutions to integrate predictive analytics into operations, driving growth and competitive advantage in the global trade landscape.

Author Bio

Sheetal Pansare is the President & Global CEO at Futurism Technologies based in the USA. He is an ardent evangelist of digital transformation. Having been in the tech industry for over two decades, he believes that now is the right time to reimagine how we see, perceive and access digital.



Global Surges: The Swiftest-Growing Importers of Swiss Watches Over the Past Decade

Over the last decade, the landscape of Swiss watch imports has undergone a remarkable transformation, witnessing significant growth across various global markets. This evolution has mirrored changing consumer preferences and has also been influenced by technological advancements, marketing strategies, and geopolitical shifts. 

So, join us on a journey to discover the reasons behind the rapid growth of Swiss watch imports in various regions over the past decade. 

Top Watch Importers Worldwide

In 2020, the leading watch importers globally were Hong Kong SAR ($5.1B), the U.S. ($3.7B), and China ($3.5B), collectively representing 40% of global imports (considering all watches, not just Swiss ones). Notably, China recorded the highest growth rate in import value at +32.5%, while other major players witnessed a decline in their import figures over the past year.

Top Swiss Watch Importers Worldwide

Emerging markets, such as China, the US, the UK, Germany, the United Arab Emirates, Italy, South Korea, France, and Spain have surged as key players in the importation of Swiss watches. 

China ($2.5B) takes the lead as the biggest and swiftest-expanding buyer of Swiss watches, increasing its acquisitions by an average of 9.1% annually over the last ten years, with the U.S. ($2B) and Hong Kong SAR ($1.7B) trailing behind in the top importers’ list.

Watch exports shrank markedly from $20.6B to $17.2B (IndexBox estimates) in 2020. The total export value increased at an average annual rate of +1.7% over the past decade. China ($2.5B), the U.S. ($2B) and Hong Kong SAR ($1.7B) were the largest markets for watches exported from Switzerland, with a combined 36% share of total exports. The UK, Germany, the United Arab Emirates, Italy, South Korea, France, Spain, the Netherlands and Russia lagged somewhat behind, together accounting for a further 37%.

Watch exports saw a noticeable decline, dropping from $20.6B to $17.2B (estimated by IndexBox) in 2020. Over the past decade, the overall export value increased by an average annual rate of +1.7%. The top markets for Swiss watch exports were China ($2.5B), the U.S. ($2B), and Hong Kong SAR ($1.7B), collectively holding a 36% share of total exports. Following closely were Japan, the UK, Germany, the United Arab Emirates, Italy, South Korea, France, Spain, the Netherlands, and Russia, contributing to an additional 37%.

Over the past decade, China emerged as the speediest importer of watches among Switzerland’s top ten trade partners, with an impressive growth rate of +9.1% annually. In 2020, China notably increased its Swiss watch purchases from $1.9B to $2.5B, standing out as a stark contrast to the reduced imports observed in many other countries.

The Essence Leggera FortyOne Impact

One notable watch that has made waves in this transforming landscape is the Essence Leggera FortyOne. Boasting innovative design and precision, this timepiece has captured the attention of enthusiasts and collectors alike. Its unique blend of style and functionality has contributed to the expanding appeal of Swiss watches in newer markets, catering to a growing demand for high-quality, distinctive timepieces.

Market Diversification and Customization

One key trend driving the surge in Swiss watch imports is the industry’s shift toward customization and diversification. Brands have increasingly tailored their offerings to suit the preferences of different markets, offering a diverse range of designs, materials, and functionalities. This adaptability has allowed Swiss watchmakers to tap into previously untapped segments, fostering a more inclusive and diverse market landscape.

Online Retail and Digitalization

The advent of online retail and digitalization has also played a pivotal role in the growth of Swiss watch imports. With the rise of e-commerce platforms and digital marketing strategies, brands have gained unprecedented access to global consumers. This shift towards online sales channels has democratized access to Swiss watches, making them more accessible to a broader audience and further amplifying import figures.

Challenges and Future Prospects

Despite the remarkable growth, challenges loom on the horizon for the Swiss watch industry. Factors like geopolitical uncertainties, changing consumer preferences, and sustainability concerns pose potential hurdles. However, opportunities abound, with the industry embracing technological innovations, sustainability initiatives, and a continued focus on catering to evolving consumer demands, promising a resilient and dynamic future for Swiss watch imports.

Final Thoughts 

Ultimately, the rapid global growth of Swiss watch importers in the past decade signals a transformative shift in the industry. Fueled by emerging markets, changing preferences, and technological advances, this evolution presents both opportunities and challenges. To sustain this momentum, adaptability, innovation, and market diversification are crucial. Whether you’re an enthusiast, collector, or curious about craftsmanship, staying updated on market trends and understanding consumer preferences is key in the dynamic world of Swiss watch imports.

asset management

Unveiling the Dynamics of the Asset Management System Market: Trends, Benefits, and Future Prospects 

Research Nester is excited to share the findings of study on the burgeoning Asset Management System Market. We expect this sector to experience a growth rate of 14% from 2023 to 2035. One of the drivers behind this growth is the rising importance of effective risk management as well as the increasing demand for automated solutions and the preference, for cloud based options.

Managing assets in todays paced world can be quite overwhelming. Whether its keeping track of inventory or monitoring equipment there are components that require efficient management for a business to thrive. This is where asset management systems come into play. They offer organizations a centralized platform to effectively oversee their assets resulting in saved time and resources. Why are these systems so crucial? Well just imagine the chaos of keeping tabs on all your company’s assets—it would be an absolute nightmare! Asset management systems automate this process making it significantly easier and more efficient for businesses to operate smoothly.

Advancements in Technology

The market for asset management systems is experiencing growth due to various technological advancements that have simplified the tracking and management of assets. Among these advancements RFID technology stands out as a game changer. By utilizing radio waves RFID enables real time asset tracking revolutionizing how companies manage their inventory with accuracy and efficiency. It has been observed that implementing RFID technology in the supply chain can enhance inventory accuracy to a 99.99%. Moreover, manufacturers and distributors who adopt this technology in their operations experience an 84% improvement in shipping and picking accuracy. With real time inventory tracking capabilities companies gain access, to precise information allowing them to optimize their supply chain operations accordingly.

Growing Need for Efficient Asset Tracking

Efficient tracking of assets is crucial for any organization aiming to optimize its operations and cut down on costs. Businesses that successfully implement IT asset management can enjoy savings of up to 32% in the year with consistent savings of at least 6% in each subsequent year. By monitoring assets, in real time companies can identify areas of inefficiency and make informed decisions regarding resource allocation. For instance, a manufacturing company could utilize an asset management system to track the whereabouts and usage of production equipment. By analyzing this data, they can pinpoint which machines are being underutilized and which ones are being overworked enabling them to make adjustments that increase efficiency while minimizing downtime.

In 2022, The Healthcare Industry Emerged as The Force, In the Market Share of Asset Management Systems.

The healthcare industry has experienced a rise in the demand for asset management systems primarily due to the necessity of managing supply chains tracking inventory and ensuring efficient staff operations. According to statistics nurses spend hours each day searching their facilities for vital equipment required to serve their patients. Given that hospital workers typically spend an average of 70-75 minutes looking for assets, it’s not an overstatement to say that having access to critical equipment can make a life or death difference. These systems aid nurses and other healthcare providers, in locating the necessary equipment saving them valuable time and enabling them to provide enhanced patient care. Moreover, these systems assist healthcare organizations in cutting costs by streamlining operations and facilitating asset tracking.

Regional Overview of the Asset Management System Industry in North America

The asset management system market in North America is projected to generate the revenue reaching approximately USD 10 billion by the end of 2035. This can be attributed to the presence of a number of IT companies operating in the region. By the end of 2021, it was anticipated that there would be least 584,000 IT enterprises in the United States alone. Furthermore, advancements in technology such as the Internet of Things (IoT), artificial intelligence (AI) and machine learning have greatly improved the capabilities of asset management systems used by companies. These technological developments have facilitated efficient monitoring and management of assets resulting in increased adoption rates.

Important participants, in the Asset Management System industry include ABB Ltd., Adobe, Brookfield Asset Management, Honeywell International Inc., IBM Corp., Oracle Corporation, Rockwell Automation, Siemens AG, WSP Global Inc., Zebra Technologies Corporation and others. 


Spark Plug Price in U.S. Drops 32% to $0.5 per unit

Spark Plug Price in U.S. Drops 32% to $0.5 per unit

U.S. Spark Plug Import Price August 2022

In August 2022, the average spark plug price amounted to $0.5 per unit, with a decrease of -32.3% against the previous month. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 57% month-to-month. As a result, import price attained the peak level of $0.7 per unit, and then fell significantly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2.1 per unit), while the price for the Czech Republic (less than $0.1 per unit) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Spark Plug Imports

In August 2022, approximately 102M units of sparking plugs were imported into the United States; with an increase of 38% on the previous month. In general, total imports indicated a remarkable increase from January 2022 to August 2022: its volume increased at an average monthly rate of +5.4% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports decreased by -22.4% against April 2022 indices. The growth pace was the most rapid in February 2022 with an increase of 54% m-o-m. Over the period under review, imports hit record highs at 131M units in April 2022; however, from May 2022 to August 2022, imports remained at a lower figure.

In value terms, spark plug imports dropped to $46M (IndexBox estimates) in August 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when imports increased by 48% month-to-month. As a result, imports reached the peak of $59M. From April 2022 to August 2022, the growth of imports remained at a lower figure.

U.S. Spark Plug Imports by Country

In August 2022, Russia (47M units) constituted the largest supplier of spark plug to the United States, with a 46% share of total imports. Moreover, spark plug imports from Russia exceeded the figures recorded by the second-largest supplier, Japan (21M units), twofold. the Czech Republic (15M units) ranked third in terms of total imports with a 15% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume from Russia totaled +7.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (+2.4% per month) and the Czech Republic (+17.2% per month).

In value terms, Japan ($21M) constituted the largest supplier of spark plug to the United States, comprising 45% of total imports. The second position in the ranking was held by Mexico ($8.3M), with an 18% share of total imports. It was followed by Thailand, with a 12% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of value from Japan stood at -2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-0.5% per month) and Thailand (+8.9% per month).


Thieves with 3D printers can compromise shipments of export cargo and import cargo in international trade.

Prevailing Trends in the 3D Printing Industry

3D printing can revolutionize the manufacturing process. Flexibility, design freedom, time-to-market, mass customization, distributed production, and other advantages have strategic consequences. 3D printing is a significant time- and cost-saving option for design and manufacturing, with new, better-performing machines, more materials available, and a greater capacity to create 3D printed products that are close to their mechanical properties.

Global 3D printing Market size was valued at around USD $14 billion in 2021 and the industry is projected to grow about USD 21.85 billion by 2030, growing at a CAGR of 21% between 2021 and 2030. 

Key Trends that will impact the 3D printing industry

  • The new era of Faster, Bigger, and cheaper 3D printing

Rapid advancements in 3D printing technology have prompted the development of more powerful, affordable printers. Simultaneously, increased demand for specialized materials that can meet the required qualities of end parts will drive the creation of innovative materials.

The capacity to handle a wider range of advanced materials is a significant feature of new-generation printers, particularly industrial-grade versions. This makes it possible for more companies to gain from 3D printing.

Although equipment prices remain high, faster printing speeds are driving down the cost of parts. Additionally, the adaptability of 3D printing is expanding due to features like dual-extrusion printheads. 

  • Additive Manufacturing Role in supply chain

Manufacturers must have access to various printers and materials and establish relationships with other professionals in the field to fully benefit from additive manufacturing.

Furthermore, interoperability among different systems has become critical to realizing the full potential of 3D printing. In 2022 and beyond, automated manufacturing, post processing, and integrated usability will become more crucial.

AM can establish a new method for managing supply chains. 3D printing would be part of a comprehensive and secure platform in which various steps—from product design to materials to digital inventory to production and delivery—would be merged into a seamless process. The creation and utilization of these platforms will contribute to the shift to digital production and the implementation of Industry 4.0.

  • Development of Manufacturing Ecosystem

Partnerships can generate mutual benefits and synergies, resulting in a better product for end users. This has shown to be a key facilitator of industrial production scale in 3D printing. However, we see a need for a more comprehensive collaboration in 2022. Standards must be developed collaboratively, printer and postprocessing systems must be compatible, and production data collected may lead to improved printers and materials.

To achieve the best results for all parties concerned, close collaboration is necessary. The next phase in AM improvement is the creation of a global ecosystem that connects service providers, material manufacturers, and print farms. 

  • Security concerns and quality assurance

Additive manufacturing is continuing to alter manufacturing as more organizations use the technology for part production. Companies need reassurance that their 3D-printed products meet specific quality requirements for industrial manufacturing. 

Additionally, data ownership will be very important. It’s important to keep the intellectual property in the right hands. Data management will be essential as the industry transitions into the digital age. Organizations must also enforce manufacturing parameters by encrypting the data to ensure that the required quantity and material are used to make the parts. Manufacturing data collection and analysis allows for speedy error detection, process improvement, and compliance with all quality standards.

  • The need to create a strong supply chain

3D printing has already been employed to solve these challenges, and its use is expected to rise. The technology offers shorter, stronger, and more robust supply chains by decentralizing supply networks and producing on-demand close to the consumer location.

The supply chain’s weak link is physical inventory; therefore, the ability to store items digitally rather than physically in a warehouse minimizes the need for storage and transportation. Once an item is ordered, it can be immediately dispatched to the best fitting, most appropriate production partner based on location, capabilities, and capacity using a digital warehouse. Parts can be manufactured anywhere by lowering CO2 emissions in logistics and boosting supply chain resilience

  • Implementation of sustainable 3D printing 

Sustainable production and supply chains are becoming more and more essential due to end-user demands, governmental requirements, and even moral obligations. This is also prevalent in 3D printing, which has the potential to reduce waste during production. Engineers can dramatically reduce the end part’s weight by designing it for 3D printing, minimizing the material required for production. 

Carbon dioxide emissions during transportation are minimized by placing production closer to the next step in the supply chain. Furthermore, there will be an increase in the use of sustainable 3D printing materials such as recycled, reusable, and biodegradable plastics.

life sciences therapy

Top 4 Trends Influencing Global Compression Therapy Market

The compression therapy industry is expected to witness notable growth over the coming years due to the rising incidence of road accidents and sports-related trauma. According to a report by the WHO, around 20-50 million road accident victims suffer non-fatal injuries. However, some of these injuries can cause partial or total disability if left untreated. 

Compression therapy products are useful in such cases. They increase the blood flow in the body by exerting a comfortable yet constant pressure on the injured part. The number of people suffering from chronic venous diseases, such as deep vein thrombosis (DVT) and varicose veins is also increasing. Factors, such as old age, lack of physical activity, and sports injuries are contributing to the rise in these conditions.

The U.S. Centers for Disease Control and Prevention (CDC) says that nearly 900,000 people in the country are affected by DVT every year. These statistics indicate the potential demand for compression therapy devices. 

Global compression therapy market size is anticipated to surpass USD 4 billion by 2030. Discussed below are some of the key trends impacting the industry progress.

  • Compression pumps used as alternative to ineffective treatments:

Compression pumps will capture a sizeable share of global compression therapy industry over the coming years. The products can be used as an alternative to failed treatments for some patients. If elderly patients are either non-compliant or unresponsive to other treatments, then compression pumps can be used to alleviate the painful symptoms. 

The prevalence of conditions, such as DVT and lymphedema is increasing across the world. According to the Australian Commission on Safety and Quality in Healthcare, 30,000 Australian citizens are diagnosed with DVT every year, incurring a cost of around AUD 1.72 billion (USD 1.19 billion) to the country’s healthcare system. Many of these patients can be successfully treated with the help of compression pumps. 

  • Dynamic compression therapy gains traction:

Global dynamic compression therapy industry value is expected to surge considerably in the future. Sports injuries are on the rise as more people are participating in physical activities to improve their fitness levels. As per the statistics from Johns Hopkins Medicine, more than 3.5 million sports injuries take place in the U.S. every year.

Athletes performing in elite competitions, such as the Olympics and World Championships undergo dynamic compression therapy to enhance the performance of their lower extremities. It can also significantly improve their pressure-to-pain threshold during the recovery process.

  • Compression therapy helpful in treating leg ulcers:

Global compression therapy market size from the leg ulcer application will record a healthy growth rate over the forthcoming years. Leg ulcers are becoming increasingly common because of a severe lack of physical activity, which results in poor blood circulation.

According to the NHS, venous leg ulcers affect 1 in 500 people in the U.K. Products like compression stockings can reduce the pain caused by these ulcers as they apply constant pressure on the affected part, thereby improving the flow of blood and other fluids.

  • Europe compression therapy industry expands:

Europe compression therapy industry revenue will exhibit a consistent growth in the future as the region is witnessing a major rise in geriatric population. According to Eurostat, the share of people falling in the age category of 80 years and above was estimated to be 6% in 2021 and will expand significantly over the coming decades.

People aged 65 years and above are at a higher risk of being diagnosed with chronic venous diseases like DVT. Compression therapy is beneficial for these patients as it gives them several treatment options to choose from. The growing demand for non-invasive and painless treatments will fuel the adoption of compression devices.

Global compression therapy market outlook will be influenced by the growing prevalence of chronic venous disorders. Unhealthy lifestyle choices, obesity, and aging are some of the primary factors causing the onset of these ailments. With constant innovations being introduced in these products to improve patient safety and comfort, the awareness and availability of suitable treatment options will also rise. Depending on the applications, both static and dynamic compression therapy use will see considerable boost over the coming years.

Organizations such as Medi Gmbh & Co. KG, DJO Global, Inc., Convatec Inc., BSN Medical, 3M Company, Cardinal Health, Inc., Sigvaris, and Paul Hartmann AG, among others, are the leading developers of compression therapy products. These include compression garments, pumps, braces, and tapes that use static and dynamic compression technologies to enhance blood circulation and prevent the coagulation of vital fluids.



Soaring Construction Activities to Underscore the Global Fireclay Tiles Market Share

Exponential demand for the production of tiles, ceramics, and firebricks from the construction sector will bolster the global fireclay tiles market volume. Fireclay tiles are highly sought-after owing to their ability to resist high temperatures and thermal and chemical stresses. These tiles are prevalently used for a slew of high-temperature applications, including commercial, residential, and other industrial manufacturing settings.

An upsurge in construction activities will bode well for industry players that are vying to expand their property development portfolios. Apart from the robust construction industry growth, expansion of the food industry will also boost the market share. Additionally, the ongoing trend for sourcing environmentally friendly materials will also contribute to the business outlook.

According to Global Market Insights, Inc., the fireclay tiles market will witness appreciable gains by 2027.

The global outlook faced hardships during the COVID-19 pandemic following severe supply chain disruptions. The outbreak created a plethora of short- and long-term business challenges that led to temporary shutdown or closure of construction projects. Meanwhile, a plunge in automotive production and modest growth in the food & beverage sector also dented the outlook.

However, given the fast-growing momentum of COVID-19 vaccination campaigns, construction activities have started picking up pace. Manufacturing and construction industries are expanding at a notable pace, underscoring the demand for fireclays tiles.

The demand for fireclays will be overtly noticeable in the residential settings, fueled by a surge in home renovation activities. Besides, the construction of outdoor spaces has witnessed a notable jump as patio professionals and landscape contractors are witnessing an increased demand from consumers. It is worth noting that homeowners have upped their focus on reconfiguring or updating both their indoor and outdoor spaces.

in the line of the rising number of infrastructural projects, the construction sector is poised to be a major recipient of fireclay tiles in coming years. Most notably, the construction of stadiums and other infrastructure projects would pan well for the business forecast. For instance, the launch of the Central 70 project in Colorado and the construction of Gordie Howe International Bridge in Detroit. Infrastructure development activities like these would add fuel to the fireclay tiles industry outlook.

The Middle East and Africa market will emerge as a promising region following the rollout of new economy-boosting construction projects. Prominently, the scheduled FIFA World Cup to be hosted by Qatar in 2022 has paved the way for the development of new infrastructure, which included the stadium, airport expansions, new metro lines, and hotels. Major dynamics driving the growth of fireclay tiles are increased availability of raw materials and technological innovations to develop better composites.

Stakeholders are also expected to inject funds into the Asia Pacific fireclays tiles market to capitalize on the demand from the expanding food & beverage sector in China and India. The trend of using environmentally friendly low thermal conductivity materials will bolster the demand for fireclay tiles in the food processing sector. Furthermore, emerging economies in the region are also likely to witness increasing demand for fireclay tiles in the construction of residential and commercial buildings.

The global fireclay tiles market is competitive with players such as Fireclay Tile Inc., Gruppo Ceramiche Ricchetti, Porcelanosa Grupo, Crossville Inc. (Curran Group, Inc.), Atlas Concorde, Mulia Industrindo, Mohawk Industries, and RAK Ceramics, among several others.

These companies will potentially focus on organic and inorganic strategies such as mergers & acquisitions, product launches, R&D, innovations, and partnerships. For instance, in September of 2020, RAK Ceramics announced the up-gradation of its manufacturing line in anticipation of a shifting trend towards bigger-sized ceramic floor tiles. The company is planning to upgrade and enhance its production lines and emphasize sustainability as well.

Notable rise in construction activities and the food & beverage industry will continue to underpin the fireclay tiles industry outlook in the next few years.

leadership style

How to Change Your Leadership Style and Adapt to the Changing World

A scholar in Nova Southeastern University by the name of Chien presented executives with a correlation between leadership effectiveness of different leadership styles adopted by executives in international companies. Although this empirical study was primarily designed to investigate global leaders and in this case Taiwan, there are kernels for all executives to learn from. For example, there was a strong positive correlation between the effectiveness of leaders and adopting a transformational leadership style at the highest organizational levels.

Executives began to listen and respond to the plethora of information in the form of articles and books attempting to provide transformational leadership as an adaptable and applicable leadership style to help impact not only the productivity and profitability of the organization but also the competitive advantage. One example is the concept of intellectual stimulation which is another important aspect of transformational leadership. Intellectual stimulation positively impacts the effectiveness of leadership in building learning through facilitating knowledge sharing by all leaders and followers of the organization. Executives require people who are engaged and inspired to meet the demands of day-to-day operations.

Transformational leadership also suggests that executives inspire their followers. Ergo, transformational leadership is a suitable leadership style to analyze leadership in international companies. By adopting a transformational leadership style, executives are able to answer the questions necessary to apply leadership without having to delve through all the leadership styles to find what works well for them and what does not. To prove the correlations between transformational leadership and the effectiveness of leadership in global environments today, I take a further look at new industry researches so that executives can see the correlation and application.

An Industry Task Force on Leadership and Management Skills found relevant information that may help leaders embrace transformational leadership. The task force first critiqued top managers and found them to be inadequate effective leaders. The report illustrates the weaknesses of leaders, such as failing to develop a clear vision for the future of their organization. Similarly, a more recent report on Management Matters illustrated that top managers in the manufacturing sector scored the least in the very important organizational behavior tenet of people management when compared to two other areas of operations- and performance management. This particular report highlighted that companies need to enhance leverage on human assets in order to achieve sustained competitiveness.

In both cases, companies have been ranked low in almost all dimensions of people management. After careful review of these findings for both case studies, the scholars recommend that companies must improve their human resource-related practices with a target of attracting, retaining, and promoting their human resources. This article goes further and suggests that the way for these managers and leaders, and leaders across the globe, to make the effective changes that are posited in the transformational leadership. The recommendations of transformational leadership are to focus on developing a strategic vision for their future strategic initiatives. When transformational leaders can generate a shared and inspiring vision for the future expansion into the global business environment, they will secure a foothold in the ever-expansive global marketplace. Thus, executives that act as transformational leaders are capable to overcome their deficiencies and lead better in our hypercompetitive environment of today.

These industry researches also identify the transformational leadership style as a primary driver of organizational competitiveness. Unfortunately, while the characteristics of transformational leaders are positively associated with the competitiveness of international companies, it is somewhat underutilized in organizations worldwide. This is suspect and alarming because numerous empirical studies have found that there is a direct correlation between transformational leadership and organizational competitiveness. Scholars highlighted transformational leadership as an enabler of organizational competitiveness. Therefore, leaders that may not be utilizing the transformational leadership style which has been posited as a managerial-based competency for organizations operating in today’s innovative business environment can now explore the virtues of using this leadership style to improve competitive advantage.

In conclusion, executives in international companies can now take a new view of managerial decision-making and leading – transformational leadership. Transformational leadership lies at the focal point of executive success. Therefore, I suggest that these executives embrace transformational leadership. This leadership style influences some of the spans of control of executive responsibility. For the scholar’s corner, I place a great deal of emphasis on the literature on transformational leadership as a significant indicator for business success. Scholars see that I expand upon the subject matter of transformational leadership. Through articulating the impacts of transformational leadership on the competitiveness of international companies, I add to the current and extant literature. Organizational competitiveness is essential for business growth and prosperity in today’s global business environments.



[1] Chien, HJ 2001, A comparison of leadership characteristics in public and large and small private organizations in Taiwan, Nova Southeastern University.

[2] Report of the Industry Task Force on Leadership and Management Skills 1995, Renewing Australian’s managers to meet the challenges of the Asia-pacific century.

[3] Management Matters in Australia: Just how productive are we? 2012, Department of Innovation, Industry, Science and Research, Australia.

Tobacco Market

Global Unmanufactured Tobacco Market – Exports form Brazil Declined for the Sixth Year in a Row to $1.9B in 2018

IndexBox has just published a new report: ‘World – Unmanufactured Tobacco – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Brazil, the world’s largest supplier of tobacco, is plagued by falling demand. Exports from this country have been steadily declining for six consecutive years, from $ 3.2 billion in 2012 to $ 1.9 billion in 2018.

From 2007-2018, the global market rose at an average annual rate of +2.0% to reach $24.6B. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

Consumption by Country

China (2.2M tonnes) remains the largest unmanufactured tobacco consuming country worldwide, accounting for 35% of total volume. Moreover, unmanufactured tobacco consumption in China exceeded the figures recorded by the second-largest consumer, India (565K tonnes), fourfold. Brazil (321K tonnes) ranked third in terms of total consumption with a 5.1% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: India (+4.3% per year) and Brazil (+2.8% per year).

Exports 2007-2018

In 2018, approx. 2.5M tonnes of tobacco (unmanufactured) were exported worldwide; reducing by -1.7% against the previous year. Overall, unmanufactured tobacco exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when exports increased by 6.6% against the previous year. The global exports peaked at 2.8M tonnes in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

In value terms, unmanufactured tobacco exports stood at $11.4B (IndexBox estimates) in 2018.

Exports by Country

In 2018, Brazil (449K tonnes), distantly followed by Belgium (228K tonnes), China (203K tonnes), India (186K tonnes), Malawi (173K tonnes), Zimbabwe (172K tonnes) and the U.S. (153K tonnes) were the main exporters of tobacco (unmanufactured), together achieving 63% of total exports. Italy (75K tonnes), Mozambique (70K tonnes), Turkey (68K tonnes), Argentina (64K tonnes) and Germany (59K tonnes) occupied a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Belgium, while exports for the other global leaders experienced more modest paces of growth.

In value terms, Brazil ($1.9B), Belgium ($1.2B) and the U.S. ($1B) appeared to be the countries with the highest levels of exports in 2018, together comprising 36% of global exports.

Belgium experienced the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while exports for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average unmanufactured tobacco export price stood at $4,582 per tonne in 2018, therefore, remained relatively stable against the previous year. Over the last eleven years, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2008 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices for tobacco (unmanufactured) reached their peak figure at $4,874 per tonne in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($7,076 per tonne), while India ($3,249 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

trading market

Modern Tendencies of Global Trading Market

The world is now a global village. Hence, globalization is a concept that has affected every aspect of human existence. The exchange of goods and services across nations and individuals, regardless of geographical limitations, is becoming increasingly seamless.

A Brief History of Global Trading Market

If you take a trip down memory lane, you’ll notice that global trading has come a long way. The origin of international or global trading dates back to the 19th century after the French war. The trade relations among nations increased significantly from 1865 to 1913, just before World War I broke out.

When WWI broke out, global trading fell rapidly. There was a massive dip in the export market. As it is with war, arms sales enjoyed enormous proliferation.

After World War I, things began to fall back to normal. It took a while for global trade volumes to rise to the peak reached before 1914.

The most significant rise in global trading came after World War II. In 1947, the General Agreement on Tariffs and Trade (GATT) was signed in Geneva by 23 nations. It marked a new dawn for global trading markets.

However, to better understand the modern tendencies in the global trading market, we need to look at the industrial revolutions that have happened over time. We can then link them to how they affect the global market in recent times.

Global Industrial Revolutions

There is an age-long relationship that exists between industrialization and globalization. The global industrial revolution that started in the late 18th century ushered in an abundance of raw materials. Industrialization led to the creation of new products and markets.

The products and raw materials that came, as a result of industrialization, needed to reach consumers across the world. That’s what led to the expansion of global trading markets.

Products were made in Europe from American raw materials and exported to Asia for consumption. A consequence of this affair between industrialization and globalization was the creation of trade routes. These trade routes connected America to Europe, Europe to Asia, and other continents of the world that needed the products.

We can talk about the early days of global trading markets without the pros and cons of globalization. The good that happened to the world was that manufacturers had more markets to sell their products. On the flip side, it created the opening for Europe to colonize the world.

The Journey from Then to Now

At this point, it’s safe to look deeper into how the industrial revolutions changed the course of global trading markets.

The First Industrial Revolution (1760 to 1830)

This is the period when Britain dominated and monopolized the global market. At the time, they had control of machinery, manufacturing techniques, and skilled laborers. Knowing that they were ahead of the world in industrialization, they kept everything within the confines of the British territory.

The embargo on the exportation of the industrialization that gave Britain a huge advantage didn’t sit well with some British businessmen. These folks began to seek more significant market opportunities outside Britain.

In 1807, two Englishmen took the industrial revolution to Belgium. The revolution further expanded global markets at the time.

Though it took a while for other countries to get on the wagon, it eventually happened after almost over a decade of British Monopoly. European countries like France and Germany came on board the ship to industrialization.

When the United States came into the picture, they gave the Britons a good run for their money’s worth. America became an industrial giant in the late 19th century.

Other countries that joined the industrial revolution at the time were Japan, the defunct Soviet Union, China, and India.

The Second Industrial Revolution (1870 to 1914)

While the first phase of industrialization focused on machinery and skilled labor, the next step introduced the manufacturing of more natural and synthetic products. It was in this era that synthetic materials like plastics began to flood the global market. Global trading expanded as a consequence.

The expansion in marketable products demanded a more straightforward way of doing business. Hence, this era brought computers into the fold. These computers now gave rise to what was called automatic factories.

With the global market expanding, governments began to get more involved. Economic policies came into play to establish checks and balances. Hence, averting an impending global financial and market crisis due to laissez-faire ideas that were at play at the time.

World War I marked the end of the second industrial revolution. Global markets were on shutdown as trade routes were either closed or manned by warring nations.

The Third Industrial Revolution (1990 to Present)

The advent of the internet marked the beginning of the third industrial revolution. The global market has shifted from the exchanges that took place at country borders to a peer to peer market setting.

With the world dealing with a myriad of global issues like natural disasters in, overpopulation, and poverty in some of the most populated cities of the world, there was the need to make the world a global village.

Trade deals can go on from anywhere in the world. People now have access to computers and the internet. It doesn’t matter if you’re a college drop out or a graduate from some of the best universities in the world, you can be a part of the global trading market.

In the first and second industrial revolutions, skilled labor was an exclusive reserve of a few countries that dominated industrialization. Today, remote workers can come from anywhere in the world, thanks to the advent of the internet.

For instance, you can hire labor remotely over the internet. An example is getting content writers from content review websites like Pick The WriterWriting Judge, and so on. The global market has now become more internet and remote-based.

However, the third industrial revolution has its significant cons. One of which is cybersecurity. With a lot of data shared over the internet, there are concerns about the unauthorized use of personal information for fraudulent activities.

With small businesses increasing, the dependence on the internet of things is increasing, thereby posing further cybersecurity challenges in the global trading market.

Statistics available shows that 43% of cyber attacks are targeted at small businesses. Sadly, over 60% of these small businesses go out of business within six months of the attack.

What’s The Way Forward?

As we gradually move from the third into the fourth industrial revolution, we expect that some of these cybersecurity challenges will reduce. Each industrial era comes with its pros and cons. However, the higher we go, the better we get – and the global trading market isn’t left out.

Already, technological advancements like Artificial Intelligence (AI), are with us. We are getting ready for an industrial revolution that will completely alter the way we live and do business. Industries are shaping up for what is coming with this technological revolution.

One sure thing is that the global economy will improve and life will be better for many people all over the world. Most bottlenecks in living standards and business opportunities will disappear to a large extent.

We envisage an era where technology will make life a lot easier. Trading platforms like crypto will make massive inroads into the global market systems. It’s a progressive world, and all we can do is get ready for the imminent.


Anna is a specialist in different types of writing. She graduated from the Interpreters Department, but creative writing became her favorite type of work. Now she improves her skills while working as a freelance writer for Pick The Writer, Writing Judge to assist a lot of students all over the world and has free time for another work, as well. Always she does her best in the posts and articles.