Day: May 2, 2020

Pet Food market grows around the world

According to PMMI Business Intelligence, a move to smaller dogs is driving a change to smaller packaging formats.

According to PMMI Business Intelligence, a move to smaller dogs is driving a change to smaller packaging formats.

According to “Trends and Drivers Impacting the Pet Food Industry,” this trend to “humanize” our pets has been going on for some time, and can require changes in processing–more slowly to preserve textural integrity, at lower temperatures to preserve nutritional value, with more exotic ingredients, with a continued shift of packaging towards pouches to prevent the deterioration of nutrients through oxidation.

This change will result in an increase demand for fillers, FFS, and other pouch compatible primary packaging equipment.

The pet food market is broken up into four main food groups: 

  • Dry Food (Kibble)
  • Wet Food (Pate’, Minced and Shredded, Gravies and Chunks, Morsels and Cubed)
  • Treats and Snacks (Biscuits, Soft Chews, Jerky, Chews and Bones)
  • Nutraceuticals (Vitamins and Minerals, Dietary, Enzymes, Probiotics)

A premium category exists for each of the food

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“Humanization” of Pet Food Drive Change

In the U.S., the Cat and Dog segments represent 95% of the pet food market and their share is expected to keep growing until 2024 increasing their dominance over “Other Pet” foods.  

Interestingly enough, there is almost an even number of dogs and cats in the US (90-95 million dogs and cats ) but dog food outsells cat food 2:1.  Other pets, led by more than 150 million fish in the US alone, represent a tiny fraction of the market whose share is projected to decline.

Major players in the U.S. include Mars Petcare, Nestle Purina, JM Smucker, Hill’s Pet and Diamond Pet Foods

Many of the same trends driving human food packaging, such as sustainability and e-commerce, are also driving pet food packaging developments.

The author's cat, Clancy, often kicks Sullivan the Bull Dog off of his daybed to steal a catnap. #shelterinplace.The author’s cat, Clancy, often kicks Sullivan the Bull Dog off of his daybed to steal a catnap. #shelterinplace.

In addition, a major trend is

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Business Intelligence Market Analysis With Impact of COVID-19, Top Companies, Trends, Demand, Future Opportunity Outlook 2025

The MarketWatch News Department was not involved in the creation of this content.

Apr 30, 2020 (AmericaNewsHour) —
The Global Business Intelligence Market was valued at USD 17.15 billion in 2016 and is projected to reach USD 147.19 billion by 2025, growing at a CAGR of 26.98% from 2017 to 2025.

Business Intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis, and presentation of business information. BI encompasses a wide variety of tools, that enable organizations to collect data from internal systems and external sources, prepare it for analysis, develop and run queries against that data, and create reports for better decision making process. Benefits of business intelligence include – improve efficiency, better inventory management, identify new revenue opportunities, and get insights to make accurate and timely business decisions.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Home | MBA Insurance Services

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Geospatial Artificial Intelligence: Emerging New Business Intelligence

In a country smaller than the state of New Jersey, where sand reigns and water hides, an inconvenience of modern life intrudes. Traffic is a growing problem in Kuwait. With a high ratio of vehicles to residents and a low ratio of roads to vehicles, traffic in the capital Kuwait City is worse than that of Atlanta, Boston, and Madrid.

Congestion is unwelcome in any city looking to boost the productivity of its workforce, ensure the smooth functioning of commerce, and improve quality of life. In Kuwait, officials work tirelessly to ensure quality of life. As part of that effort, the country’s Public Authority for Civil Information (PACI) released a hyper-local search engine called Kuwait Finder, which connects citizens to the local goods and services they need. The application also provides turn-by-turn voice navigation to any business, with traffic information included.

However, in the absence of reliable traffic sensors in

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What is Business Communication

Communication is neither the transmission of a message nor the message itself. It is the mutual exchange of understanding, originating with the receiver. Communication needs to be effective in business. Communication is the essence of management. The basic functions of management (Planning, Organizing, Staffing, Directing and Controlling) cannot be performed well without effective communication.

Business communication involves constant flow of information. Feedback is integral part of business communication. Organizations these days are verly large and involve large number of people. There are various levels of hierarchy in an organization. Greater the number of levels, the more difficult is the job of managing the organization. Communication here plays a very important role in process of directing and controlling the people in the oragnization. Immediate feedback can be obtained and misunderstandings if any can be avoided. There should be effective communication between superiors and subordinated in an organization, between organization and

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How COVID-19 Could Affect Your Life Insurance Coverage

It’s mostly good news.

3 min read

Opinions expressed by Entrepreneur contributors are their own.

The coronavirus pandemic has many of us thinking about worst case scenarios. It’s only natural that people are considering whether, in the event of their absence, their loved ones would be financially protected. If you’re reading this, you’ve probably given it some thought yourself. 

Here’s the good news: 

If you have an active life insurance policy and you were to die of a pandemic illness such as COVID-19, your family would receive the death benefit — even if you had traveled to an area with a known outbreak of the coronavirus. 

The only situation in which that might not be true is if you were just recently approved and you failed to disclose certain information on your application about your travel plans and/or exposure to the coronavirus. 

Also, if you keep your 

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6 ways governments can encourage entrepreneurship

The final communique of the 2014 G20 Leaders’ Summit called for enhanced economic growth that could be achieved by the “promotion of competition, entrepreneurship and innovation”. There was also a call for strategies to reduce unemployment, particularly amongst youth, through the “encouragement of entrepreneurship”.

This desire to stimulate economic and job growth via the application of entrepreneurship and innovation has been a common theme in government policy since at least the 1970s. The origins of this interest can be traced back to the report produced by Professor David Birch of MIT “The Job Generation Process” that was published in 1979.

A key finding from this work was that job creation in the United States was not coming from large companies, but small independently owned businesses. It recommended that government policy should target indirect rather than direct strategies with a greater focus on the role of small firms.

Fostering the growth

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The first 5 steps entrepreneurs should take to start a small business

  • You have a great idea for a business — now you just need to launch it.
  • Business Insider spoke with four business owners and experts to learn the best steps to take to build your company from the ground up.
  • These include figuring out how to structure your business — whether it’s a partnership or LLC, for example — as well as registering your business’ name and obtaining an employer identification number.
  • Next, you should open up a bank account specifically for your business and implement a cloud-based bookkeeping system.
  • Click here for more BI Prime stories.

You’ve come up with a brilliant idea for a product or service. You’ve done your research and identified your audience as well as your competition. Perhaps you’ve created a business plan, which is a smart move if you’re hoping to secure financial backing. 

If you’re ready to take the leap and launch your

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