Latest News

Record Investment in Space Firms in 2021

The recent report by New York-based firm Space Capital states that private investing in space companies hit a record in 2021. Private investment in space companies reached $14.5 billion last year, up over 50% from that of 2020. Sierra Space, Elon Musk’s SpaceX, and Planet Labs invested a record of $250 million.

Investment in space field is categorized ininfrastructure, distribution and application” the report said. Infrastructure or space companies include those that make satellites and rockets. Space Capital monitors 1,694 firms; they have totally received $252.9 billion through world's equity investments in all three categories since 2012.   

There was a record investment by venture capital companies in three categories, the quarterly report emphasized. 

Last year, venture investment in space-related companies stood at $17.1, representing 3% of overall global venture capital, the report underlined. The public markets are undergoing a change as technology and stocks are struck by rising interest rates. Chad C. Anderson, Founder and Managing Partner of Space Capital, expressed concern over this saying that if selloff in the public markets continues, it might not be easy for venture companies to raise investment like in 2021.

Read more
By Saha on January 18, 2022

UN's Forecast on Low Economic Growth in 2022, 2023

On Thursday, the United Nations stated its prediction report on the decreasing state of global economic development for the consecutive years 2022 and 2023 as the entire world deals with issues like coronavirus spread, continual workforce market, rooted supply chain, as well as high inflation challenges. According to the U.N, the global economy forecasts growth of 4% and 3.5% in 2022 and 2023, respectively. The highest rate of growth in global economy was seen in 2021 after over four decades, 5.5%.

Liu Zhenmin, the Under-Secretary-General for the United Nations Department of Economic and Social Affairs, in a news conference said that two years after the pandemic, the economic vision in the world is dim at the beginning of 2022, he added. Creating employment has not overcome the losses and lack of employment is impacting youth and women. The shadowy economic prospect comes as a result of covid-19 expansion, supply issue, and high inflation rates in many parts of the globe, he emphasized.

2021 saw a recovery in economy, mainly attributed to consumer purchases, increase in investments exceeding the amount before the pandemic, the U.N. World Economic Situation and Prospects 2022 report suggested. However, growth rate in large economies, involving China, EU, and the U.S, dramatically speeded down at the end of 2021. The report also added that lack of workforce among developed countries is escalating supply chain issue and inflation, thereby weakening the economic growth in the majority of developing countries. 

 

Read more
By Saha on January 14, 2022

United Calls off Flights as Crew's Covid Cases Grow

There has been a limit in the U.S. Airlines’ timetables since the end of 2021 due to spread of Omicron.

Following to a jump in sick leave of the crew, United Airlines is putting limits to its schedules, CEO Scott Kirby announced. Thousands of flights were canceled as a result of snow blizzard and an increase in the crew’s covid cases.

American JetBlue Airways was the first to reduce its timetable for January followed by Alaska Airlines. According to American Airlines, the reduction will go on this week with a jump in covid cases among the staff.

United airway is cutting down its near future timetables to ensure the health of customers, Kirby announced in his memo. However, there’s no report on the number of canceled flights.

United air carrier, with nearly 3,000 workers positive for the virus, has called off some flights, Kirby added. The number accounts for 4% of its U.S. personnel.

He also added at Newark Metropolitan Airport, in New Jersey, almost one-third of the employees took a sick leave within only one single day. He said no vaccinated workers of the airway, meaning over 96% of the personnel, are in hospitals.

December 31, United Airlines, Inc. tripled pilots pays for travels through January. Sick calls in pilots reached a record, the pilots’ union announced.

Southwest Airlines granted a bonus to pilots in January.

Read more
By Saha on January 12, 2022

New Year's Struggles for Unemployment in America

The new year unfolds challenges for the U.S. President as the alarming employment report in 2021 is issued.

The Labor Department said in December 2021, the U.S. economy grew just 199,000 jobs, which denies anticipations for a rise of hundreds of thousands of opportunities in the post-pandemic recovery. 

The job market might face complicated months ahead as new cases of the virus (Omicron) increase.

The department’s note as the most recent block for Joe Biden, whose “Build Back Better” plan was held up in Congress is accompanied with no ease in price rise.

Analysts believe that in the report there’s sufficient good news to grow interest rates so early as March. However, Omicron might disrupt the situation.

In December, the number of the unemployed in America fell by 483,000 and by 4.5 million across 2021, nearing the rate before the pandemic era. Each month in 2021, 537,000 positions were added on average.

Another household study by Labor Department indicated that in December the number of the employed jumped by 651,000. In the meantime, the U.S. government employment growth reached a higher level in the months of October and November, suggesting 141,000 increases compared to the number reported before.

While market still keeps struggling for vacant positions, the labor force participation rate (61.9 percent) was constant last month, after being idle in most of the year. Labor force participation rate is a metric to estimate working-age people in an economy.

While the president passed 2 spending bills in 2021 in order to tackle the pandemic issue as well as boosting America’s infrastructure, inflation rise caused dissatisfaction. Economists are analyzing the major causes of inflation growth, like salary. The data shows that on average hourly income increased 4.7% in 2021.

To curb the price jump, the Federal Reserve System is poised to increase income rates, possibly 3 times in the new year.

Read more
By Saha on January 10, 2022

RBI Sets Up New Fintech Unit

Reserve Bank of India (RBI) has established a new FinTech department, which before was under the Department of Payment and Settlement Systems (DPSS). DPSS focuses on policy development, and control of payment and settlement system operators in India.

According to central bank’s circular, the new division, formed on January 4, 2022, will expand innovation in India’s financial technology (FinTech) sector, find out its challenges and opportunities and tackle them at the right time. 

The fintech unit’s foundations was laid in the Department of Regulation in 2018 to be the focal point in the RBI.   

In the circular, the RBI said the new fintech unit would provide a ground for developing research on subjects that help interventions from the central bank.

According to the RBI, the department will handle all the things associated with expedition of innovations in the sector, causing good effects on the financial sector as well.

The division, headed by Ajay Kumar Choudhary, has become active while the central bank anticipates to address coordination of India’s planned central bank digital currency (CBDC). The RBI aims to clear non-regulated cryptocurrency and be active in the blockchain network.

Read more
By Saha on January 10, 2022

U.S. Air Travel Hits A New Post-pandemic Record

Over 1.3 million air travelers went through U.S. airports’ Transportation Security Administration checkpoints on Sunday, the greatest level since March 2020. December, a risky month for U.S. passengers amidst the pandemic, saw a hike in air travels. Although health officials warned people from traveling, flights rose over the New Year’s holidays. Almost half of the previous year’s rates, demand for air travels is expected to decrease after holidays. Vaccines’ spread has injected hope to travel industry; yet, it’s not still clear when air passengers will get back in floods. Ed Bastian, Chief Executive Officer of Delta Air Lines, said the new year sounds even more challenging than the old. He continued no pandemic has been observed in history like this so there has been no practical scheme to help us to recover. However, he added a new Delta will be built with a focus on medical and business restoration. Samira H.
Read more
By Samira Hassanzadeh on October 19, 2021

Major Bankrupt Retailers in 2020

Retail industries, which tried hard to revive before the Covid-19, were hit by the pandemic this year. David Berliner, Bankruptcy and Restructuring Advisor, and Partner at BDO Advisory, said there have been more industries which went bankrupt in 2020 as compared to a year earlier. You can see considerable liquidation in several businesses which are struggling to keep on track, he added. Nearly 60% of retail businesses filed for liquidation in 2020, with assets over $100 million, according to Berliner. However, some industries boosted owing to e-commerce. Business trends changed as customers’ demand endured a change amidst the crisis; clothing sales dropped and home entertainment tools like electric bikes grew largely. So firms like Walmart, Amazon and Target saw an expansion in their virtual platforms. It's expected that this disorder will go on to 2021. Here is a short list of 10 retailers with bankruptcy:

J.C. Penney

Neiman Marcus

Guitar Center

Tailored Brands

Ascena Retail

GNC

J.Crew Group

Brooks Brothers

Stein Mart

Pier 1 Imports

Samira H.
Read more
By Samira Hassanzadeh on October 19, 2021

Why Logistics Is Important For A Business To Grow

What we mean by logistics:
Logistics is usually the specific system and implementation of a complex operation. In a usual business sense, logistics is the administration of the flow of things between the point of origin and the point of consumption to meet customers' demands or companies.
Five elements of logistics and their role:
The logistics elements help explain what logistics activities and processes are being undertaken in a supply chain.
There are five elements of logistics:
• Storage, warehousing and materials handling
• Packaging and unitization
• Inventory
• Transport
• Information and control
Logistics

Let’s break this down:
Role of storage, material handling and warehouses in logistics:
It is to facilitate a regular stream of products to be supplied by manufacturers. Manufacturers need to work at top performance, but consumers tend not to require goods at the same rate as manufacturers give. There tends to be an unevenness between supply, steady, and demand, which is inconstant. It is necessary to store the excess goods produced by a manufacturer until consumers need them. To accomplish this, warehouse buildings are required. They need specialist storage devices such as shelving or racks. They also need material handling tools to move them around the warehouse and load and unload delivery vehicles.

Role of packaging and unitization:

A fundamental definition and one of the roles of logistics is the care and condition of a product. The packaging is an essential part of that. Unitization is also necessary as this helps storage and shipping. The easiest product to move and store is a cube, so packaging and unitization try to take all different sizes and shapes of product and pack them as near as possible into a cuboid shape.

Role of inventory:

Inventory is a logistics part that is nearly related to storage and warehousing. It is involved with what stock to hold, where the stock is placed, and how much stock to hold. In effect, inventory is managing the streams of goods going into and out of a warehouse. How is this accomplished? By looking at sales records of past orders and using multiple mathematical and statistical tools to predict how much consumers will require goods. Depending on how demand can be variable, it is a beneficial tool to help manage the flows of products through the supply chain.

Role of transport:

A significant element of logistics that most will understand is "transport." This involves all forms of transport, including road vehicles, freight trains, cargo shipping, and air transport. Without transportation, goods would be unable to move from one stage to another within a supply chain. Some goods with small supply chains, such as foods, do not travel far. Other, more complicated products consist of many elements that can be transported from all over the world.

Logistics

Role of information and control:

"Information and control" are needed by all the elements to act as triggers to different operational procedures. We have mentioned the info required for inventory. Order levels help decide what orders need to be selected and packed in warehouses and enable the planning and organization of transport. Information and control's role is to help plan information systems that can control operational systems. They are also vital in the forecasting of demand and inventory, as already discussed.

Difference between different types of logistics:

Logistics management has four main types, each featuring a different aspect of the supply process. The four types of logistics are supply, distribution, production and reverse logistics.

Supply management and logistics:

Supply management includes the planning and coordination of materials needed in a particular place at a precise time to maintain production or activity (as in the case with military supply). Supply logistics must involve the transportation of the materials and storage. It also requires a system for estimating the level of supply at different stages of the process to make sure the flow of materials matches need. This can include getting all construction materials to a construction site or parts that are required for a manufacturing plant.

Distribution and material movement:

Distribution involves controlling how a supplied and stored material is then provided to the places it is needed. This includes material movement (loading, unloading, and transportation), tracking of stock, and responsibility (recording how the stock is used). This can also involve moving supplies from a primary warehouse to the racks of a retail store.

Production logistics and management:

Production logistics handle the stages of linking dispersed supplies into a product. This can include the coordination needed in a manufacturing or assembling process. In construction, production logistics will involve the staging of material at the right time to coordinate with the phase of the building taking place.

Reverse logistics and product return:

Reverse logistics includes the recovery of material and supplies from a production process. For example, in the logistics management of a construction project, reverse logistics plans for removing excess material and re-absorption of the material into a stock supply. It can also refer to the return of unwanted but unused products from an end customer wanting a refund. In past years, a whole industry has been designed to manage customer returns, including testing, refurbishment, and adding items back into inventory. A client may order something online that he never used. Before it can be sold to others, it should go through from a process to ensure that it will be fit to be sold to another consumer.

Reasons why logistics is so important:

A plan for logistics in supply chain management is critical to your success as a business and your consumer satisfaction. There are many factors in creating an efficient logistics plan, including automation, delivery time, and coordination. Here are some points that show the importance of logistics and supply chain management.
Logistics strategies produce positive business results.
• Logistics help businesses in building value.
• Logistics decrease costs for effective cost accounting.
• Logistics improve warehouse management.
• Logistics strategies increase customer loyalty.
• Logistics Plans Assist You to Transport Products on Time.
Top 10 logistics companies around the globe:
According to the IMARC Group, the world logistics market size reached US$ 4,963 Billion in 2019. The market is further proposed to reach a value of US$ 6,537 Billion by 2025, recording a CAGR of 4.7% during 2020-2025. The top ten companies around the world are:
1. J. B. Hunt Transport Services
2. C. H. Robinson Worldwide, Inc.
3. Ceva Holdings LLC
4. FedEx Corporation
5. United Parcel Service, Inc
6. Expeditors International of Washington Inc.
7. XPO Logistics, Inc.
8. Kenco Group, Inc.
9. Americold Logistics, LLC
10. Deutsche Post DHL Group

Read more about logistic: https://alietc.com/suppliers/logistic/

Biforst logistic is the biggest logistic company in Malaysia.

Name: Muzammil
Revised Date: 16-07-2020

 
 
Read more
By ali etc on October 19, 2021

Rwanda's Success in E-waste Management

Rwanda, the first African country to inhibit hazardous plastic bags, is now practicing another way to protect the environment. After regulations and legislation procedures, the country is taking great steps to eradicate or recycle e-waste materials. With its cutting-edge e-waste demolition facility, the country is fighting waste generation. A role model for the countries in the African continent, Rwanda is fighting junk electronic masses. Electronic waste, or simply e-waste, is an industry dealing with dumps in electronic devices. As the name suggests the waste is from any electric devices from home appliances to digital products and lights. Management of electronic waste is a great policy practiced in few African countries. E-waste in Africa is basically thrown away in landfills, or dumped and burned; however, heavy hazardous metals have posed a serious threat to the environment. The policy, approved in 2016, offers guidelines for managing e-waste in offices and institutions, apart from reuse and recycling plans. Samira H.
Read more
By Samira Hassanzadeh on October 19, 2021

Fire Alarm System - A Basic Need For Your House and Business place

Fire alarm system:

A fire alarm is an autonomous device or a complete network of devices installed in a building or an area. It gives loud and visible warnings of a breakout of fire in that building or area. It could be automatic, semi-automatic, or manual. Fire alarm systems are necessary for buildings, offices, and some kinds of transports.

Who invented the first fire alarm system?

The first fire alarm system was invented in 1852 by Dr. William F. Channing and Moses Farmer. The system consisted of two fire alarm boxes that each had a short key and a handle. If a fire were caught in a home or business, someone would have to enter inside one of the boxes and crank the handle to convey an alert about the light to a nearby alarm station. An operator at the station would then take the message and inform a fire administration about sending help. As you can see, it was quite a process and needed many steps. The first electric fire alarm system was invented about four decades later in 1890 by Francis Robbins Lipton. He realized that, in many cases, people wouldn't have time to stand around and crank a handle inside a box when a fire started. Therefore, his electric system removed the need for this step.
What does a fire alarm system consist of?

Fire Alarm System

The primary fire alarm system has four main purposes:

• Detect a fire
• Alert residents of the fire condition
• Activate safety control functions
• Alert the local fire station
To cover these purposes a fire alarm system has following components:
• Fire Alarm Control Panel (FACP)
• Primary and Backup Power Supply
• Alarm Initiating Device
• Alarm Notification Device
• Remote Control and Display Panels
• Building Safety Interface.

Fire Alarm Control Panel (FACP): The fire alarm control panel is the control center and the brain of a fire alarm system. The FACP observes and manages the initiating devices and sends the signal to the fire alarm devices if a problem is detected. Each control panel also provides a display that notifies you of the system’s current state.

Primary and Backup Power Supply: A fire alarm system also gives you with access to two power supplies. The primary power supply is permanently used, and the backup power supply is used in the case of a power breakdown.
Alarm Initiating Device: The alarm initiating device is what informs the fire alarm system that there is some danger or fire emergency. These devices can be manual, where someone has to tell the system themselves via a pull or glass station. They can also be automatic by using heat detectors, smoke detectors, or flame detectors.

Alarm Notification Device: The alarm notification device is arguably the most significant part of your fire alarm system, as this is what gets triggered by the initiating device. It makes the exact noises, such as bells, horns, or chimes, when a fire emergency happens.
Remote Control and Display Panels: Remote controls and display panels enable people to control a set of fire alarm systems even when they aren’t close. These have proven to be greatly helpful for big companies.

Building Safety Interface: The building safety interface lets the fire alarm system to control other elements of the building when needed. For example, in the case of a fire emergency, a building safety interface could interact directly with the building’s access control system.

How fire alarm system can save lives?

The first way a fire alarm could save a life is to warn you of the danger of fire. When asleep, the human senses are off. Many people do not detect the smoke or sense the heat of the fire. These devices are also intended to have a piercing alarm that could shake the dead. Humans naturally react to harsh noises. A second way that they can save your life is this: in a big building, you may not be able to notice the signs of a fire on the other side of the building, even if you are conscious. The alarm will tell you that there is a danger, and you will know to leave quickly. A third way is that several fire alarms are made to alert the fire station when there is a fire automatically. This makes it, so the officials will get there faster and have a higher chance of stopping the fire before it turns dangerous.
Due to the proof, fire alarms can save your life. You will be smart to install some in your house, in each room used for sleeping. You never know when a smoke alarm will determine the difference between life or death.

Fire alarm inspection:

You might have a well-functioning system, but there are other factors outside of your actual fire alarm system that should be checked, and this is where the fire alarm inspection comes in.
These are some of the items that will be examined during a fire alarm inspection:
1. There must be no things blocking your fire exits, and that the doors can easily be opened. There should also be a prominent sign on your fire exits so people will know where to go right away.
2. The fire alarm inspection people will also check if there are sufficient exits from the building. They will also confirm if the building does not surpass its maximum occupation. If there are too many people in a building, and there are not enough exits, that will probably lead to rushes during a fire.
3. There must be no highly flammable materials in the proximity of your building. If combustible materials are needed, they must be stored well away from high-risk areas.
4. A fire alarm inspection also includes checking whether fire extinguishers and other fire alarm tools are in the right places where people can instantly get to them in case of a fire.
5. Sprinklers should be placed in areas where the fire is more prone to happen. They should be set partially calculated distances from each other.

Why your business needs a fire alarm system?

When you put your business plan to the existence, risks are always included in making it. One common chance that you have to expect is the firing incident. All your properties will be taken away from you once you become a victim of a fire. Examples of these outcomes are business loss, business splitting, and financial pressures. It is hard to restore your business when you have been a victim of the fire. There is also a high chance that restoring your business can't be done once you are affected by this event. There is a presence of fire because of the failure to defend business fire alarms. This component must be one of the essential elements of your fire security system. In reality, there are lots of business buildings needing these fire elimination systems.


You have to make sure that you will secure the business safety aspect when you set your firm. See to it that fire alarms and fire suppression systems are being in the unit that you will purchase. Once there is a timely discovery of fire, possible dangers will be stopped sooner. There are elements of fire alarms and fire suppression systems that you must check. These are fire blanket, first aid kits, fire extinguishers, and other items needed. I recommend you take the time to visit the website alietc.com and learn more about the changing world of Fire Alarm Systems. If you are looking to purchase a Fire Alarm System, you may also get an immediate price quote.

Read more about security & protection products: https://alietc.com/suppliers/security-protection/

Name: Muzammil.
Revised Date: 14-07-2020

Read more
By ali etc on October 19, 2021

Newsletter

Enter your email address below to subscribe to our newsletter and keep up to date with the latest news, discounts and special offers.

Latest Comments