Labor Problems in the Engineering Industry Summary Same as market and capital, labor is another critical factor in all industries, especially the processing and manufacturing industries. Despite the growing technology and modernization where machines have been computerized to work like men, human labor is still needed in the engineering industries. Some of the problems that are associated with labor are low production, unskilled labor, and overstaffing. The engineering industries are the most affected production industries because it requires not only a lot of work but also skilled labor. Labor cost is a significant factor associated with labor problems in the engineering industries. Most engineering industries require a large labor force since most of the machines used need to be controlled by humans. Hiring a large number of employees requires a lot of capital; therefore, the industries should ensure that they meet this demand first before hiring more laborers. However, most engineering industries face difficulties in meeting the need for more laborers because it is a costly process. There are instances when the industries hire enough employees, but the problem comes…

Industry Overview FamilyMart Co., Ltd is a type of convenience store that operates as a franchise chain in Japan (Kyodo, 2019). It also expands in various countries, and it launched its first store in Shanghai, China, in 2004. A convenience store refers to a small retail business that sells multiple items daily, such as snack foods, groceries, soft drinks, confectionery, and coffee, among others. Mainly, FamilyMart Japan operates in the convenience stores industry, and this paper looks at the industry analysis and future outlook of FamilyMart Japan in the Shanghai region. Porter’s Five Forces The primary purpose of porter’s five forces to analyze the attractiveness and competitiveness of the industry in which FamilyMart Japan operates in Shanghai. This analysis puts forth five factors; the threat of new entrants, rivalry among the existing businesses in the industry, the risk of substitution, bargaining power of buyers, and the bargaining power of the suppliers (Business Wire, 2016). Threat of New Entrants The risk of new entrants in the convenience stores industry in Shanghai, where FamilyMart Japan operates, is high. This aspect implies that…

Social Impact in the Tourism Industry Tourism is an industry that contributes a large percentage to the economy. Hundreds of millions are involved in tourism and domestic travel every day. Of the three main types of impacts, the social and cultural consequences of tourism are the least obvious and hardest to measure. Of the three main types of influences, the social and cultural effects of tourism are the least obvious and hardest to measure (Nugraha & Suprihanto, 2016). The positive impacts on the communities include; a better understanding between cultures, the revival of culture; that is, tourist demand for local traditions can increase the cultural pride of the community. More so, tourist development requires infrastructural improvements that will enhance the community’s standards of living. The negative impacts on the communities include; conflict of interest pressure on limited resources, such as transportation, and waste collection, resentment, loss of cultural pride, staged authenticity, displacement; that is, the development of tourists forces locals to move away from their homes, and crime. Consequently, opportunities can divert children form education by encouragement to sell souvenirs,…

The baking and pastry industry INTRODUCTION The baking and pastry industry is one of the fastest-growing sectors. Nowadays, leading chefs consider baked and pastry products as not only a complement to the dishes served but also a fundamental aspect of innovation offerings. The industry provides a wide range of products which include bread, cakes, crackers, cookies, biscuits as well as other wheat products. The baking and pastry industry is sweeping the market with the adoption of new trends and innovations. Over the years, the underlying trends in the industry have been based on health, convenience and pleasure. The trends have, over time, influenced product innovation in bread and other baked and pastry products. Research Question: What are some of the trends and innovations in baking and pastry? Thesis statement: The baking and pastry industry continues to be revolutionized by the latest trends and innovations, which are based on health, pleasure and convenience. Health is a significant driver of innovations in the industry. Additionally, new products have been developed for more pleasure and convenience. Moreover, sustainability has been deeply embraced in…

How will Automation and Technology Change the Hospitality industry?             The advancing technology and automation have been transforming all the different types of industries. In the hospitality industry, the same story applies, automation, artificial intelligence and other innovations are being adopted in hospitality industries to augment human interaction. Consequently, these trends have had several impacts on the industry in the area of improving customer experience and promoting the efficiency of operations. This paper further focuses on several ways technology and automation are transforming the hospitality industry and the impacts on room division. To begin with, automation has allowed mobile check-in and check out systems (Minette, 2020). The automation has been a positive step resulting in the abolishment of keys for hotel rooms. Check-in can nowadays be done through mobile applications, facial recognition of the use of biometric systems. During room construction, these systems are being integrated. Additionally, popular hospitality industries are implementing the Internet of Things to enhance connectivity. The technology involves equipping the hotel rooms with voice recognition devices that have an active internet connection; the hotel operators are…

Role of Belt Sanders in the industry Belt sander’s purposes and advantages have taken a vital part in the industries. Definition: Belt sanders are handy machines used to shape or polish any wooden materials or even other materials based on its manufacturing. How the machine works: The device comes with a small motor. The motor is attached to two drums shaped material on top of which a loop of sandpaper is attached. When the motor is ON, the drums start rotating with high speed, which helps the sandpaper also to turn along the loop belt. Now the machine is moved to the material which has been shaped or smoothed. In some cases, we will not be able to move the machine because of its purpose and heavyweight manufacturing, so the material which must be shaped or smoothed will be transferred to the machine to fulfill the requirement. Completely smooth surfaces can be obtained from sanders by the fast movement of the sandpaper. Sometimes any stain or paint on the wood surface can also be removed easily. So, the customers can…

Tourism in Hawaii: Hotel Industry Development in Waikiki and Ko Olina Introduction Hawaii has set itself as among the world’s best holiday destination places, with benign weather conditions. It boasts of several islands and the beautiful beaches which attract tourists from all over the world. Tourism is an essential factor in the economy of Hawaii. As a result, districts such as Waikiki and Ko Olina have experienced growth in recent years, as more tourists seek accommodation in their exotic beach resorts. For instance, Ko Olina in Oahu island has two upscale resorts, The Four Seasons and Disney’s Aulani. Plans are underway to open a branch of the Atlantis hotel in the area to offer tourists a much more luxurious and sophisticated experience. So far, Ko Olina has 1992 hotels and residences, which is expected to grow in after the launch of Atlantis hotel in 2021 (Schaefers). Waikiki Beach remains the most visited destination site, with about 30,000 hotels, and has contributed significantly to the growth of the state’s GDP. The surrounding communities have greatly benefited, as their businesses continue to…

Tourism industry in Louisiana Abstract In recent, the tourism industry in Louisiana has been experiencing a resurgence following the occurrences of hurricanes and economic recessions, which culminated in detrimental effects. Much of the success of tourism as a lucrative undertaking may be attributed to the elaborate and strategic approaches revolving around aggressive marketing, improvement of infrastructure cultural preservation. Additionally, oversight bodies such as Louisiana’s Office of Tourism exercise authority over the partnerships that are developed between the state and stakeholders in the tourism sector (Keul 510). Indeed, the utilization of teamwork has functioned to elevate the status of Louisiana as a desirable tourist destination, as is evidenced by the surge in the number of tourist arrivals to the state. Equally important is the fact that Louisiana’s cultural heritage has emerged as an integral part of the tourism sector as the activities involved resonate well with clients. Additionally, the establishment of welcome centers along major highways presents Louisiana as a hospitable state through the provision of credible information, which helps in the decision-making process for tourists who express diverse interests in…

How tourism industry in Miami developed over time? Moreover, shifting immigration policies have enhanced ingenuity and innovation in the US. This can be explained in terms of an increased number of gradated in the field of science and technology, patent filling share, as well as senior positions capita-funded organizations. Further, the immigrant’s presence creates new chances for native workers with fewer skills to acquire more skills to increase their productivity. The immigration policies have improved life in Miami by ensuring that ensuring the advancement of the fiscal situation of the government. In as much as these policies have helped in changing the economic growth of people living in Miami as well as the immigrants themselves, it has its drawbacks as well. In agreement, the American native in areas with an increased number of less-educated immigrants is more likely to face the issue of higher taxes compared to regions with skilled immigrants. How tourism industry in Miami developed over time? At first, Miami tourism faced a lot of development challenges leading to its collapse. However, World War II played an immense…

Industry forecast Oil prices are affected by several factors; domestic, production, weather conditions, worldwide supply. The cost of oil is an excellent picture of the demand and supply in a given period. How weather affects oil prices; a harsh winter affects the demand for oil. This is because they will use more of both oil and gases to warm up their home temperatures, and if the temperature is hot, the demand for oil is low, for the usage is minimal. The U.S. Energy Information Administration (EIA) forecasts low oil prices going into 2020, reasons being the rising oil inventories and uncertain global economic growth. As of October 2019, the EIA forecasts Brent spot oil prices will average $60 per barrel for 2020, $2 per barrel lower than its previous forecast. Investors looking for energy stock investments would do well to focus on top performers positioned to outperform in both up and down markets. The five top projected energy performers for 2020 are; EOG Resources (EOG), premium site driller, Royal Dutch Shell (RDS-B), oil behemoth, Enbridge Inc. (ENB), a pipeline company,…