Showing posts with label Companies. Show all posts
Showing posts with label Companies. Show all posts

Sunday, September 8, 2024

The Problem with Made in China?

Photo illustration by Ekenyerengozi Michael Chima. ©All rights reserved. 2024.

The Problem with Made in China

Briefing Manufacturing in Asia
The Economist, January 13th, 2007.
Page 68-70

It is worth reading if you missed the issue.

Can Nigeria become the China of Africa?

Why did the American firms ignore Nigeria, the most populous country in Africa with the largest market on the continent for the location of their factories?
Nigeria does not have the required utilities for the mass production of their products?

Can Nigeria become in Africa what China has become in Asia?
Labour is cheaper in Nigeria than China.
Transportation by railway is also cheaper.
The major hindrance is lack of regular power supply?
CIG Motors of China has an assembly plant in Lagos in spite of the challenges of doing business in Nigeria.

The Capitalism of Made in China should be a good title for a book on how American capitalism dines and wines with communism in China.
This should be a case study on the international politics of the economics of Made in China factories of blue chip American firms.

Big American Companies with factories in China include the following:

General Motors
Nike Store
Boeing
Coca Cola
KFC
Microsoft
Procter & Gamble
Starbucks
Intel
Walmart

Like the phenomenal Asian Tigers, can we see the emergence of the African Lions in global trade led by Nigeria?

- Ekenyerengozi Michael Chima
 The CEO,
International Digital Post Network Limited

Thursday, October 14, 2021

Google, Apple, and Netflix Top List of Companies Generation Z Wants To Work For

The Rise of the Gen Z VC

“The barriers to entrepreneurship and investing have never been lower, and our generation is very aware of the opportunity we have.”

Generation Z is growing up and getting a tech job.

The oldest members of the world’s first truly digital native generation—folks born from the mid-1990s to 2010—are starting their careers, and they overwhelmingly want to work in tech.

Google, Apple, and Netflix top list of companies they want to work for, and 72% fancy the idea of becoming founders themselves.

Which raises a question: Who’s going to fund all those new startups?

According to a new report from AngelList, a new crop of Gen Z investors is emerging. They’re 10k strong and launching VC funds from their dorm rooms.

Click here to read the report



Thursday, July 7, 2011

FORTUNE Global 500 Top 10 List

7 Jul 2011 13:00 Africa/Lagos


FORTUNE Magazine Releases Its Annual FORTUNE Global 500 List

NEW YORK, July 7, 2011/PRNewswire/ --


- 61 Chinese Companies Rank in the 2011 FORTUNE Global 500;
Number of American and Japanese Companies Fall


Today, FORTUNE magazine releases the annual FORTUNE Global 500 list, its annual ranking of the world's largest corporations ranked by revenue. U.S. companies made up the majority of this year's list, with 133 companies, followed by 68 Japanese companies and 61 Chinese companies.

In an accompanying feature, FORTUNE editors write, "The U.S. still dominates the list, with 133 companies, but that number is down from 185 a decade ago. China continues its march, with 61 companies, vs. just 12 in 2001. Companies from India, Russia, Brazil, and other growth economies are moving up in the rankings." Three Chinese companies - Sinopec Group, China National Petroleum and State Grid - rank in this year's top 10. European companies also held a strong presence on this year's list, with 35 French companies and 34 German companies.

The combined profits of the FORTUNE Global 500 increased 59%. Wal-Mart holds the number one spot for the second year in a row, and the eighth time in the list's history, with revenues of more than $421 billion. Royal Dutch Shell, Exxon Mobil, General Motors and Mitsubishi are the only other companies to ever top the Global 500.

http://money.cnn.com/magazines/fortune/global500/2011/index.html

THE FORTUNE GLOBAL 500 TOP 10 LIST


1) Wal-Mart Stores (U.S.)
2) Royal Dutch Shell (Netherlands)
3) Exxon Mobil (U.S.)
4) BP (Britain)
5) Sinopec Group (China)
6) China National Petroleum (China)
7) State Grid (China)
8) Toyota Motor (Japan)
9) Japan Post Holdings (Japan)
10) Chevron (U.S.)


Source: FORTUNE

TIME PR HOTLINE, +1-212-522-4800 or Jill Watanabe, +1-212-522-0361

Top Reports



Thursday, February 19, 2009

World Cocoa Foundation and Leading Chocolate Industry Companies Partner with Bill & Melinda Gates Foundation to Significantly Improve Cocoa Farmer Liv

19 Feb 2009 07:00 Africa/Lagos

World Cocoa Foundation and Leading Chocolate Industry Companies Partner with Bill & Melinda Gates Foundation to Significantly Improve Cocoa Farmer Livelihoods in West Africa

Five-Year, $40 Million Investment to Focus on Increasing Cocoa Farmer Knowledge, Marketing Efficiency and Incomes

WASHINGTON, Feb. 19 /PRNewswire/ -- The World Cocoa Foundation today announced a new, $40 million program funded by the Bill & Melinda Gates Foundation and chocolate industry companies to significantly improve the livelihoods of approximately 200,000 cocoa farmers in Cote d'Ivoire, Ghana, Nigeria, Cameroon and Liberia. The innovative, five-year West Africa Cocoa Livelihoods Program will focus on enhancing farmer knowledge and competitiveness, improving productivity and quality, promoting crop diversification and improving supply chain efficiency. These initiatives will help increase farmers' incomes and significantly improve cocoa community well-being.


The program will be managed by the World Cocoa Foundation and be implemented through a consortium of five organizations including ACDI/VOCA, Deutsche Gesellschaft fur Technische Zusammenarbeit (GTZ) GmbH, the International Institute of Tropical Agriculture (IITA)/Sustainable Tree Crops Program, SOCODEVI and TechnoServe. In addition to the $23 million in funding from the Bill & Melinda Gates Foundation, over $17 million in financial support and in-kind contributions come from the private sector: major branded manufacturers The Hershey Company, Kraft Foods and Mars, Incorporated; cocoa processors Archer Daniels Midland Company, Barry Callebaut, Blommer Chocolate Company and Cargill; and supply chain managers and allied industries Armajaro, Ecom-Agrocacao, Olam International Ltd. and Starbucks Coffee Company. The governments of the participating West African countries will support and be full partners in the program's implementation.


"We know from experience that cocoa can play a significant, positive role in improving farm family incomes in the developing world," said Bill Guyton, President, World Cocoa Foundation. "However, many cocoa farmers today lack the practical knowledge and organizational support needed to grow this unique crop profitably and sustainably. Thanks to our new partnership with the Bill & Melinda Gates Foundation, we will be able to dramatically expand our efforts to reach these farmers in West Africa and to promote economic and social development as well as environmental conservation in cocoa-growing communities."


Implementation plans and site selection for the West Africa Cocoa Livelihoods Program will be finalized over the coming months. On-the-ground program activities are expected to begin in late 2009 and early 2010. Once underway, the program will train farmers in better production techniques, quality improvement and business skills; professionalize farmer organizations to better meet member needs; and improve farmer access to agricultural inputs and improved-quality seedlings. The project will also improve farmers' access to market information and opportunities for diversification into alternative food and cash crops to maximize farmer income and security.


"Cocoa is West Africa's largest agricultural export, providing a living for nearly two million smallholder farmers and their families in the region," said Madame Amouan Acquah Assouan, Vice President, Coffee-Cocoa Sector Management Committee, Republic of Cote d'Ivoire. "Too many of them grow cocoa on a subsistence basis, failing to realize the economic benefit this important crop can provide. The new West Africa Cocoa Livelihoods Program can change this situation for the better, lifting thousands of these farm families out of poverty."


"Agriculture offers powerful pathways out of poverty, but without access to knowledge, tools, and markets, millions of smallholder farmers - most of whom are women - aren't able to prosper from their land and labor," said Dr. Rajiv Shah, Director of Agricultural Development at the Bill & Melinda Gates Foundation. "We're excited to support this partnership, which will create opportunities for these farmers to sustainably boost their incomes and lift themselves and their families out of hunger and poverty." To date, the foundation has committed more than $1 billion in agricultural development efforts to increase opportunities for small farmers to succeed at every step of the way--from seed to sale.


About the World Cocoa Foundation


Established in 2000, the World Cocoa Foundation is a leader in promoting economic and social development and environmental stewardship in 15 cocoa-producing countries around the world. With nearly 70 member companies from the Americas, Europe and Asia, the Foundation actively supports a range of farm-level programs harnessing sustainable agriculture practices to improve the quality of life for the millions of smallholder farmers growing this unique crop. For more information about the World Cocoa Foundation, visit: www.worldcocoafoundation.org


About the Bill & Melinda Gates Foundation


Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people's health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people - especially those with the fewest resources -- have access to the opportunities they need to succeed in school and life. Based in Seattle, the foundation is led by CEO Jeff Raikes and Co-Chair William H. Gates Sr., under the direction of Bill and Melinda Gates and Warren Buffett. Learn more at www.gatesfoundation.org.


About ACDI/VOCA


ACDI/VOCA is a nonprofit international development organization that delivers technical and management assistance in agribusiness, financial services, enterprise development, community development and food security in order to promote broad-based economic growth and vibrant civil society. Based in Washington, D.C., ACDI/VOCA has empowered people in developing and transitional nations to succeed in the global economy for 45 years and in 145 countries. ACDI/VOCA currently has approximately 80 projects in 40 countries and revenues of approximately $100 million.


About GTZ


As an international cooperation enterprise for sustainable development with worldwide operations, the federally owned Deutsche Gesellschaft fur Technische Zusammenarbeit (GTZ) GmbH supports the German Government in achieving its development-policy objectives. It provides viable, forward-looking solutions for political, economic, ecological and social development in a globalised world. Working under difficult conditions, GTZ promotes complex reforms and change processes. Its corporate objective is to improve people's living conditions on a sustainable basis. The company works on public benefit.


About the International Institute of Tropical Agriculture


Africa has complex problems that plague agriculture and people's lives. We develop agricultural solutions with our partners to tackle hunger and poverty. Our award winning research for development (R4D) is based on focused, authoritative thinking anchored on the development needs of sub-Saharan Africa. We work with partners in Africa and beyond to reduce producer and consumer risks, enhance crop quality and productivity, and generate wealth from agriculture. IITA is an international non-profit R4D organization since 1967, governed by a Board of Trustees, and supported primarily by the CGIAR.


About SOCODEVI


SOCODEVI is a network of Canadian cooperatives and mutuals that cooperate and share technical expertise and know-how with partners in developing countries in order to create, protect and distribute wealth. Since 1985, SOCODEVI has supported over 500 cooperative and mutual enterprises and organizations in 30 countries. SOCODEVI measures its success by the extent to which the enterprises supported become models for their sustainability and the benefits their activities provide. The ultimate goal of SOCODEVI: improved living conditions for the communities.


About TechnoServe


TechnoServe is leading a movement that empowers people in the developing world to build businesses that break the cycle of poverty. Growing enterprises generate jobs and other income opportunities for poor people, enabling them to improve their lives and secure a better future for their families. Since its founding in 1968, the U.S.-based nonprofit has helped to create or expand thousands of businesses, benefiting millions of people in more than 30 countries. The Financial Times has rated TechnoServe one of the top five NGOs for corporate partnerships. Charity Navigator has also awarded its highest Four Star ranking to TechnoServe.


Source: World Cocoa Foundation

CONTACT: Bill Guyton of World Cocoa Foundation, +1-202-737-7870,
bill.guyton@worldcocoa.org


Web Site: http://www.worldcocoafoundation.org/