As an individual, we are aware of the impact of the chemical industries on medical science, technology, cosmetics and many more. It exists in each and every sphere of our life and has become the most important part in once life. The contribution done by the chemical industries has solved many queries of the human race.
|Sharika Nair||Boon or bane - Acting in a highly regulated environment Ruth Herrmann, Thomas Kopel and Bernd Winters Recent events in the world like for example the result of British referendum or the Paris Climate Agreement present that the chemical industry has to face a diverse set of challenges. Exemplary, the withdrawal of the UK from the EU could cause serious restrictions in trade or highly influence the subsidiaries operating there.|
Over the decades, a majority of the people have been able to lead a respectable life and have had a better standard of living. Due to better purchasing power, better incomes and liberal policies for foreign investors, people have a better access to quality goods and services.
Feb 08, · Critics worry about water and air pollution and the worsening effects on global warming, while the oil and gas industry touts the benefits that hydraulic fracturing will bring to the California. Is science a boon or bane? Update Cancel. ad by Jira Software, Atlassian. However, controlled use of atomic fission and fission is the one that generates electricity and runs industries and homes. Views · View 1 Upvoter. sponsored by Truthfinder Medicine and chemical/biological weapons both depend on a scientific understanding of. Globalization is a Boon as well as bane I feel globalisation is a case to screw up the developing countries. The developed countries get cheap labour, make better products, gain on economies of scale, and sell the product cheaper than the local markets.
Gradually, the scenario of small market places is now being replaced with big branded retail chains. But there is one question which remains unanswered- Is the Retail Industry a boon or a bane? Retail Industry has changed the way people shop and purchase goods.
The Indian market earlier comprised of weekly markets in towns, haats in villages and small Kirana shops in various localities. Gradually smaller shops like PDS outlets came into the picture alongwith co-operatives.
But the face of the industry changed when retail super markets like Wal-Mart, Big Bazaar, Tesco etc came which have created a huge market for themselves with exclusive brand outlets, hypermarkets, supermarkets and departmental stores.
In India, the retail industry has been able to create a strong foothold due to a few major factors. Apart from that, the attitude of the people has also changed from being simply savers to spenders due to nuclear families, DINKS Double Income No Kids and multi income families. Also, due to the liberalisation of policies by the government, the market has become extremely competitive so as to provide good quality opportunities to the people.
The benefits of the retail industry can be analyzed from three main perspectives. Benefits to the Customers: The customer has gained a lot from retail chains as it gives him better prices, more choices, better quality, value for time, easy accessibility and a fun filled shopping experience.
Benefits to the Producers: Retail chains also ensure lesser wastage, constant demand, impulsive buying and better logistics. Benefits to the economy: The tremendous growth and acceptance of the retail industry has helped the economy as it has controlled black moneygiven employment opportunities, increased FDI inflows and boosted economic growth.
However, like every white has a black; every north has a south; every angel has a devil; similarly there are a few draw backs of the retail industry too.
It is said that retail industry would provide fairer prices to the farmer and smaller vendors can co-exist with the retail giants. But is this true? The negative aspect of the retail industry can be understood by the following parameters- Impact on customers- Retail industry lacks customer focused marketing and is gradually paying lesser attention to customer service.
Also, improper operational management at retail chains leads to a bad experience and there are also questions about the quality and freshness of food products. Social Implications- Retail industry is a big blow to the unorganized sector as it leads to unemployment as only skilled and qualified staff is required by the big retail brands.
Also, the consumption pattern of the people has been hampered.
The producers also suffer as retailers get a huge margin but the producers get very little for their contribution.
Economic Implications- The retail industry has resulted in the explosion of real estate prices, increased vulnerability for smaller domestic producers and also changed the costing strategy.
Apart from this, excessive use to electricity, fuels etc have also had a negative impact on the environment. The pros and cons of the retail industry are pitted against each other, and in this see-saw battle between the advantages versus disadvantages, it is very difficult to reach a final conclusion.
However, whatever the final conclusion maybe, there is no doubt that the retail industry has completely change the way people go for shopping. If you are interested in writing articles for us, Submit Here Share this Page on:An Industry Analyst Says Ohio's In for a Chemical and Plastics Boon.
Editor's note: The name of the industry group was incorrect in the earlier version of this story. Jan 09, · The contribution done by the chemical industries has solved many queries of the human race.
From medical to agricultural and cosmetics to baby products, chemicals are . The ICIS China ABS Annual Report provides unparalleled coverage of the country’s dynamic ABS market, with an outlook for each major demand segment and supply/demand forecast for H2 – The Foreign Supplier Verification Program: Boon or Bane?
By Dr. Ramakrishnan Nara As the population of the U.S.
LyondellBasell Industries N.V. LYB: The company, with $ billion market capitalization, is one of the leading plastics, chemical and refining companies in the world. It operates in 18 countries. Social media — boon or bane? So, this International Women's Day, what do a bunch of very successful women have to say about social media? Ritu Srivastava, Founder, Obino. Is science a boon or bane? Update Cancel. ad by Jira Software, Atlassian. However, controlled use of atomic fission and fission is the one that generates electricity and runs industries and homes. Views · View 1 Upvoter. sponsored by Truthfinder Medicine and chemical/biological weapons both depend on a scientific understanding of.
becomes ethnically more diverse and their appetite for a variety of foods becomes insatiable, there is a growing need to .
Asia Pacific Business Review Volume 11, - Issue 3. A Boon or Bane for Business in Singapore? .8 per cent) are from the electrical, electronic products and components industry, followed by transportation equipment industry as well as the chemicals and related products industry (both per cent).
In terms of the nature of the. To conclude, electronic submissions, with proper plan and execution, are definitely a boon to Pharma and Lifesciences industries in order to get multi-region drug approvals simultaneously. With the reduced rework on documents, it saves considerable time and proven to be cost-effective, too.