Globalization and its impact on the automotive industry

Globalization is about integrating people, economies and governments. It has been around for centuries—going back to the silk trade between Europe and China—and permeates almost every aspect of life and business. From 1948 to 2007, just prior to the Lehman Financial Crisis of 2008, world trade increased from $59 billion to almost $14 trillion. 카지노사이트

Despite its pervasiveness—or, perhaps, because of it—globalization remains deeply contentious. Supporters argue that globalization provides less-developed countries with market access and opportunity to grow their economies. Detractors, meanwhile, argue that globalization allows multinational companies to cross borders freely in pursuit of private interests, usually at the expense of domestic enterprises. But as Kofi Annan, former secretary general of the United Nations, has pointed out: “Arguing against globalization is like arguing against the law of gravity.”

The automotive industry is greatly impacted by globalization, especially since trade in manufactured goods has outpaced traditional sectors such as mining and agriculture. Exports of automotive products grew explosively from $319 billion in 1990 to $1.18 trillion in 2007. Auto parts trade, in particular, expanded over six times from $109 billion to $680 billion in almost the same period.

Institutions like World Trade Organization and International Monetary Fund have long promoted globalization. Customs unions and regional trade blocs such as the European Union, Mercosur, Association of South East Asian Nations, Gulf Cooperation Council, and East African Community also drive—or have resulted from—globalization. A number of free-trade agreements (FTA) have also been inked to formalize globalization protocols: North American FTA, ASEAN FTA, China-Thailand FTA and Japan-Philippines Economic Partnership Agreement, among others.

Auto companies like Kia take pride in having expanded their manufacturing operation around the world. PHOTO BY VERNON B. SARNE

Automotive production has also shifted significantly elsewhere. From 2007 to 2013, production in China grew by a stunning 149%. India expanded by 72%. In the same period, Italy declined by 49%, and France by 42%. It can be argued that these investment flows follow the movement of vehicle demand. Nonetheless, it reflects the readiness—and ease—of capital to flow to markets with rising business opportunities, a hallmark of globalization. 바카라사이트

In ASEAN, investments by auto companies have also been on the uptrend. This resulted partly from the growth in motorization and partly because of manufacturing incentives initiated by government to promote new technologies and local industry. Sales in the region climbed from 1.9 million units in 2007 to 3.2 million in 2016. Likewise, special local manufacture programs—Thailand’s Eco Car Program, Indonesia’s Low Cost Green Car Program, Malaysia’s Energy Efficient Vehicle Program, and the Philippines’ Comprehensive Automotive Resurgence Strategy—encourage investment dollars their way. So government policy is clearly another key driver of globalization. 온라인카지노

Globalization has trounced trade protectionism and nationalization. Developing countries are especially inclined to promote local auto manufacturing because of the significant gains it offers: jobs, taxes, technology transfer, component manufacturing. In ASEAN, for example, it used to be that strict localization and tariff regulations made building a factory in one country a given. Local production was the only way to go. But when the ASEAN Industrial Cooperation scheme and, eventually, the Common Effective Preferential Tariff came into effect, tariff barriers dropped to 5% or even 0%. This enabled a new approach that made it possible to produce vehicles (and components) in one ASEAN nation to serve the whole regional block, allowing better economies of scale and more efficient production.

Students’ mental health issues during distance learning due to ‘interplay of factors’ – expert

‘It’s a very complex issue or concern. 카지노사이트 We need to look at it as an interplay of a lot of factors. These factors are biological, psychological, social, and sometimes spiritual,’ says Dr Joan Rifareal of the Philippine Psychiatric Association

The mental health issues students experience during distance learning are due to an “interplay” of factors, said one of the country’s top psychiatrists, who added that such issues cannot be solely attributed to the difficulties of the revamped education system. 

“It’s a very complex issue or concern. We need to look at it as an interplay of a lot of factors. These factors are biological, psychological, social, and  sometimes spiritual,” Dr Joan Rifareal of the Philippine Psychiatric Association told Rappler in an interview on Wednesday, October 21. 

Rifareal said it was “hard to pinpoint” distance learning as a factor.

This issue was brought to light after the Department of Education (DepEd) released a statement on Tuesday appealing to the public to “stop directly connecting” the deaths of its teachers and students to the distance learning system. 

However, Rifareal acknowledges that some of her student clients talk about feeling burnt out due to their classes’ workload, and struggling with the new system due to a lack of resources.

Still, she said these feelings are not the sole culprits.

“It’s always an interplay of these factors. Like what’s happening in their family, or even relationships,” she stressed.

Meanwhile, the DepEd said it would continue to reach out to teachers and students to “provide them with vital mental and psychosocial services.”

The Philippines currently has a landmark mental health law which secures the rights of persons with mental health needs, provides mental health services, and promotes mental health education to schools, barangays, and workplaces. 바카라사이트

The DepEd shifted to distance learning for the coming school year to comply with President Rodrigo Duterte’s directive for schools to delay face-to-face classes until a coronavirus vaccine becomes available.

There was a heated debate in the country about when and how to start classes in the middle of an untamed crisis. Parents and students pointed out their lack of finances to acquire gadgets needed for distance learning. (READ: Parents bear the brunt of distance learning as classes shift online)

On October 5, over 24 million students in the country started classes again during the pandemic. Despite issues experienced by students, teachers, and parents, Education Secretary Leonor Briones said that the school opening was a success. – Rappler.com

In the Philippines, the Natasha Goulbourn Foundation has a depression and suicide prevention hotline to help those secretly suffering from depression. The numbers to call are ‎804-4673 and ‎0917-558-4673. Globe and TM subscribers may call the toll-free number 2919. More information is available on its website.

Type 2 diabetes. The opioid crisis. Tobacco and alcohol use. What do they have in common? They’re among the top public health challenges in the U.S. today. They impact the health of our families, our communities and our country. They’re expensive to treat and contain. They raise the cost of insurance and medical care. The focus of public health programs is on eliminating them and improving the overall health of a population.

The term “public health” can be defined as government policies and actions whose goals are to improve the health of entire populations, primarily through preventive measures such as health information; immunization programs; and water, food and environmental safety.

Despite the long history of public health initiatives and the best efforts of public health officials, the aforementioned public health issues, and many others, remain prevalent. The reason is that the top public health threats don’t just come from a virus, bacteria or an illicit drug, but rather from social ills such as poverty, health inequity and misinformation. 온라인카지노

Public health roles include: Restaurant inspector, epidemiologist, health educator, and community health worker.

Malaysian automotive manufacturing industry lacking manpower, immediate solution needed – vendors

According to a report by Bernama, Malaysia’s automotive manufacturing industry is facing a severe shortage of workers, which could disrupt the national automotive manufacturing ecosystem if it is not resolved immediately. 카지노사이트

Speaking to the news agency, Proton Vendors Association president Wan Mohamed Wan Embong said a collapse of the ecosystem would result in the loss of over 500,000 jobs as well as wiping out up to 4.5% of the national gross domestic product (GDP). He added that the government should make hiring of foreign workers more affordable for companies to address the lack of manpower.

“Malaysia should allow intake of foreign workers without any further delay and lower the recalibration cost for about three to five million illegal immigrant workers in the country to address the shortage,” he said.

He noted that the current cost of legalisation of illegal foreigners is prohibitively expensive at RM4,500 per person, which is a burden on vendors in the industry that are trying to recover from the negative economic effects and lockdowns resulting from the pandemic, as well as the recent flash floods that impacted several states in the country.

The depreciation of the ringgit in the last one year also added to the vendors’ woes, as they are left with little capital to operate efficiently. “These people face lower revenue due to continued supply chain disruptions and operational stoppages due to the pandemic and shortage of raw materials,” Wan Mohamed said. He suggested that the government provide RM250 million in soft loans at less than 2% interest to all vendors in need so they can continue operating and save the ecosystem.

Wan Mohamed also said that the hiring of foreign workers by the automotive manufacturing ecosystem would not rob locals of job opportunities. This is because the industry had put a lot of effort into hiring locals even though most of them resigned within six to 12 months of hiring.

“We must understand that severe labour shortage derails the economic recovery of the automotive industry, causes stoppages and under-production at original equipment manufacturers (OEMs). At present, vendors do not have enough workers. When they cannot produce the parts, other vendors are being affected, too. Hence, production cannot move according to target,” he explained. 바카라사이트

This is one of the reasons why car buyers have had to wait longer for the new vehicles to be delivered, with the waiting period now up to four months, Wan Mohamed said. He added that because to the labour shortage, the cost of manpower had increased from RM80 per day last year to RM125 per day currently, resulting in high turnover or higher wastages.

Similarly, Perodua Suppliers Association president Musa Zahidin Ahmad Zaidee said the industry had been equipped to train locals, although many of them quit within a few months. Vendors are therefore facing problems with upskilling and increasing production to meet demand.

“We must also bear in mind that foreign workers are not cheap as it becomes costly with the accommodation, levy and permit expenses. This is why the legalisation of illegal foreigners is crucial,” he said.

Musa Zahidin said it was important that operations within the automotive manufacturing industry are at 100% to build a car. “Even if 0.1% of the suppliers cannot operate, 온라인카지노 the whole line of a few thousand people cannot fix a car. This is the serious issue we are facing now,” he noted.

Top 5 Emerging Trends in Automotive Industry: Dreams Turning into Reality

The automotive industry is currently in the biggest transformation process ever experienced. With the advent of fully functional autonomous cars with digitally enhanced specifications, the global transportation scenario is expected to change significantly in the next few years. 카지노사이트

Major automotive manufacturers are striving to enhance their offerings by incorporating technologically driven trends in the latest models. These manufacturers are entering into partnerships with technology giants to develop software for the vehicle to operate efficiently.  Autonomous vehicles are the future trend in the industry to ensure safety among passengers and the pedestrian in the best possible manner.

So what lies ahead?

With the increasing trends towards digital transformation and adoption of 5G technology, the automotive industry is on the path of revolution- creating surplus opportunities for the future generation. Autonomous driving is the future. However, due to the lack of skilled workforce and infrastructure in major developing economies such as China, India, Middle East and other regions, there is still a long way ahead for the global market to transform the overall automotive industry.

Various market research firms have highlighted the significance of current digital transformation, as well as social trends and consumer demands, which are facilitating the automotive industry globally. According to Next Move Strategy Consulting, the Global Electric Vehicle Market size was estimated to be USD 176.62 billion in 2019 and is predicted to reach USD 1559.84 billion by 2030 with a CAGR of 21.9% from 2020-2030. Innovative software for automotive industry, along with unique designs are creating opportunities for this industry.

Automobile industry globally is offering lucrative opportunities to the market growth due to the availability of enhanced technologies such as artificial intelligence, machine learning, internet of things (IoT), and 5G networking. The incorporation of all these car tech innovations in vehicles will promote enhanced specifications and will drive the consumer demand.

Tesla promised the deployment of autonomous robotaxis in the year 2020. However, amidst the prevailing global pandemic, the launch has been postponed and is expected to deploy the services with human monitoring by mid-2021. 바카라사이트 This is solely depending upon the regulatory approval by the respective country.

Gradual increase in electric vehicles will also lead towards mass production of the technology. With growing concerns towards optimization of natural resources, electric vehicles are gaining tractions due to their environment friendliness. For instance, in September 2019, Ford Motor Co launched eight electric vehicles in Europe. Ford’s launches include electric variants of the Kuga and Puma SUVs and the Mondeo sedan. The automaker also plans to launch nine other electric vehicles by 2024 in Europe, including a new Mustang-inspired electric sports utility vehicle.

Additionally, manufacturers are setting up charging stations for these vehicles, in accordance with the government mandates and regulations regarding the adoption of electric vehicles. Similarly, US government provides subsidies in the deployment of charging stations for electric vehicles to enhance its awareness and adoption among consumers.

The self-driving cars and trucks market has become highly competitive due to the presence of various market players with substantial market size. Some of the key players include Google LLC, Nissan Motor Company, General Motors, Honda Motor Corporation, Daimler AG (Mercedes Benz), Volkswagen AG, BMW AG, Volvo Car Corporation, Audi AG, Toyota Motor Corporation, Tesla, and Ford Motor Company.

Top 5 Emerging Trends which are Transforming the Automotive Industry

Four-wheeled cars with basic features are moving towards heavy innovation and advanced features through the adoption of various futuristic equipment. Here are the top 5 trends which are transforming the landscape of the automotive industry:

  • Connectivity and Data Transmission

Connectivity and data transmission are expected to play a key role in the automotive industry. Due to the emergence of autonomous driving, connectivity is one of the pivot role in this industry. Data transmission and processing in automotive can be used to monitor traffic, parking, detection of objects or pedestrian, and engine control and monitoring. For instance, ADAS (Advanced driver-assistance systems) is paving its way into the automobile industry. Connectivity and data transmission will have the ability to share details related to driving conditions, environment, and many more. 온라인카지노

  • Blockchain Model

With the growing advent of digitization, the blockchain model in the automotive industry helps in sharing vehicle data with the manufacturers and dealers in a secured way. The blockchain model assists in improving the efficiencies in the supply chain. It also improves vehicle data and information to ensure information optimization.

  • Surge in Demand for Electric Vehicles

The electric vehicles are becoming popular. Big automotive manufacturers such as Texas Instruments, Geely, Hundai, and BMW among others are investing in R&D to manufacture these enhanced technologies. As the global automotive industry is pushing its boundaries towards electric and intelligent vehicles, automakers are paving their way to introduce platforms for numerous electric vehicles. According to Next Move Strategy Consulting, there have been tremendous growth in the technology over the period of time which has also led to the technological advancement and drastically evolving infrastructure are expected to accelerate the electric vehicle market. Moreover, increasing demand of renewable energy to reduce the pollution is further expected to drive the market growth.

  • Advent of 3D Printing Technology

The automotive industry is followed by innovative ideas and applications which are transforming the industry rapidly. Automakers are using enhanced technologies such as 3D printing to develop exterior body of the vehicle so that it is capable enough to endure crashes and collision. This technology is transforming the basics of traditional car designing. The chassis of the vehicle, in the solid state, is being developed by 3D printing.

  • Autonomous driving

Innovative manufacturing in the automobile industry is making its way towards developing self-driving technology. This is expected to open new opportunities for the automotive business growth globally. According to estimates, the vast potential of autonomous vehicles is expected to offer boom to the startups in this industry verticals. With the advent of AI and machine learning, along with 5G revolution throughout the globe, autonomous vehicle and autonomous driving is expected to be the next reality. In 2015, Tesla Motors came up with furtherance in the US that included Tesla Autopilot capability- a gateway towards autonomous driving.

How Bright is the Future?

According to estimates, more than 60 companies have applied to test autonomous vehicles in US, up till June 2020. However, the authorities are still reluctant to commercialize the technology due to repetitive planning and execution errors by the vehicle, which can be fatal for the people. Minimization of road accidents is one of the key parameters for autonomous vehicles, making the commercialization is debatable.

The automotive industry is growing at a considerable pace. With the emerging trends, it is expected that the coming generation will witness vast amount of interesting technologies in the near future. The future of the automobile industry is quite lucrative and will undeniably transform the entire market at the global front.

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