Machinery and equipment sector can profit from digitisation

THE Covid-19 pandemic has made it clear that digital solutions are vital for enterprises to remain competitive, especially SMEs.

Our country’s machinery and equipment (M&E) sector is dominated by at least 85% locally-owned SMEs and the majority of them are comfortable with their traditional methods of business management, resulting in little contribution to today’s sector productivity.

This needs to be challenged as more developed nations are becoming increasingly competitive by adopting new technologies and business methods.

To boost productivity in the M&E sector, the M&E Productivity Nexus (MEPN), supported by Malaysia Productivity Corporation (MPC), was established and led by industry associations under the Machinery and Engineering Industries Federation (MEIF) to assist SMEs in operations-related productivity improvement.

However, reaching out to the SMEs of the M&E sector is a big challenge as they tend to keep away from digitisation, thinking that such investment is costly and it comes with complicated processes.

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China’s dry ice equipment sector in full swing to meet US COVID-19 vaccine transport needs

Global Times

By Yin Yeping Source: Global Times Published: 2020/12/13 19:43:40

China’s dry ice equipment suppliers in full swing

As US President Donald Trump hailed the launch of COVID-19 vaccines, dry ice and its machine suppliers in China are working in full swing to respond to soaring demand for the cold chain, in which ice dry plays an indispensable part, with some companies’ export orders to the US jumping by an unprecedented 10 to 20 times year-on-year.

Industry insiders predicted that the shortage of dry ice will be further worsened with the launch of more vaccines, and it may not be eased within half a year.

Pfizer’s vaccine should be stored at -70 C, pushing up demand for dry ice, which has widely been used in the delivery of deep sea fish, beef and imported fruit – products that often have high requirements for transport temperatures.

Meanwhile, logistic disruptions due

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Government’s super changes a ‘gift’ to for-profit sector, industry funds claim

The industry super sector has rejected Josh Frydenberg’s “Your Money, Your Super” package of changes to superannuation as a “gift” to for-profit fund operators that will enable them to continue making billions in profits each year off dud retirement savings schemes.

a man that is standing in the street: Industry super funds are run for the profit of their members across a range of industries, including hospitality.

© Photograph: Lisa Maree Williams/Getty Images
Industry super funds are run for the profit of their members across a range of industries, including hospitality.

According to Productivity Commission data, industry funds, which are run only for the profit of members, systematically outperform retail funds, which are run to profit financial institutions such as banks.

But peak body Industry Super Australia (ISA) will argue in submissions to a review of the package of laws that the proposed legislation would give the for-profit sector an unfair advantage by exempting many of its products from measures designed to curb fees and expose poorly performing funds.

In draft submissions to Treasury, seen by

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Diageo and Victoria147 Will Support Entrepreneurs in the Hospitality Sector in Mexico

a person holding a bottle

© Cortesía de Buchanan’s Game Changers Academy

Diageo , a leading premium alcoholic beverages company, through its Buchanan’s brand and in conjunction with Victoria147 (the first business academy for women in Mexico) has initiated enrollments for its Buchanan’s Game Changers Academy program with the aim of promoting and creating new opportunities for the development of women-led businesses in the hospitality industry in Mexico. This initiative will benefit 40 female entrepreneurs in the sector with scholarships of up to 80 percent to complete a virtual training program to accelerate their business.


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The business take-off program is aimed at women who seek to implement a solid and sustainable growth strategy; It will be taught online and complemented by a workshop facilitated by specialists from the hospitality industry. Its main focus is to challenge female entrepreneurs to do their best to change the rules of the game through expert mentoring and

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Online Advertising in the Motorsport Sector is Forecasts to Grow at a CAGR of 24.1% between 2020 and 2025

The MarketWatch News Department was not involved in the creation of this content.

Dublin, Dec 10, 2020 (GLOBE NEWSWIRE via COMTEX) —
Dublin, Dec. 10, 2020 (GLOBE NEWSWIRE) — The “Motorsport Online Advertising Market – Forecast (2020 – 2025)” report has been added to’s offering.

The market for Motorsport Online Advertising is forecast to reach $256.7 million by 2025, growing at a CAGR of 24.1% from 2020 to 2025. Though well established, the motorsport online advertising market is one of the fastest growing motorsport leagues markets. Over a period of time, the market has evolved significantly mainly due to incessant technological development and integration.

Key Takeaways

  • Online motorsport advertisement is the perfect way to advertise goods, facilities, teams and leagues in the racing market. Online motorsport advertising includes integrated, cross-channel advertising opportunities which include a mixture of OTT digital advertisement and traditional online advertising.
  • Programmatic advertising is the automatic
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