Organization strategy – Ron Bercume http://ronbercume.com/ Sun, 05 Dec 2021 09:04:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ronbercume.com/wp-content/uploads/2021/10/icon-23-120x120.png Organization strategy – Ron Bercume http://ronbercume.com/ 32 32 Supply issues turn hoarding into strategy https://ronbercume.com/supply-issues-turn-hoarding-into-strategy/ Sun, 05 Dec 2021 09:04:36 +0000 https://ronbercume.com/supply-issues-turn-hoarding-into-strategy/ Megan Searfoss racked up sneakers in Connecticut. Searfoss, the owner of two running stores in Darien and Ridgefield, Conn., Would normally have around 3,000 pairs of shoes in stock before the holiday season. But as she watched supply chain problems in Vietnam mount this summer and into the fall, she secured a new storage facility […]]]>

Megan Searfoss racked up sneakers in Connecticut.

Searfoss, the owner of two running stores in Darien and Ridgefield, Conn., Would normally have around 3,000 pairs of shoes in stock before the holiday season. But as she watched supply chain problems in Vietnam mount this summer and into the fall, she secured a new storage facility and now transports around 4,100 pairs.

It’s an expensive bet for Searfoss, who said it was extended by around $ 165,000 more than it typically would be in November due to fears of potential shortages.

“It’s placing a big bet and anticipating what all the analysts are saying is correct,” Searfoss said. “Usually we go through the New York Marathon and then we stop buying shoes – we sell what we have and go into super, super skinny January. But we’re told not to do it because it doesn’t. there just won’t be any shoes. “

The buildup of running shoes in Connecticut is just one example of how supply chain problems and pandemic-related shortages are affecting thousands of small businesses in the United States this holiday season . As widespread vaccine availability translates into a busier shopping season than last year, businesses of all sizes grapple with the impact of overseas factory closures, port backups , trucking and other labor shortages.

For many small businesses, the unpredictability of this year has forced them to make purchasing decisions months or weeks earlier than they normally would and tie up more of their cash in their inventory, which can be risky.

“The most important thing is that you really have to order in advance,” said Dan Quinn, owner of What We Make, a furniture company in Algonquin, Ill. That sells tables and other items. items via Etsy. “I have 14 weeks of plans. I need to get most of this stuff in-house as quickly as possible and keep buying it until you have stock, basically.”

While many small businesses are plagued by overseas manufacturing issues, some have used this time to their advantage. Etsy, which powers the online stores of millions of sellers, said more than half of its U.S. suppliers source materials in their own states, allowing them to bypass many of the supply chain issues that have an impact on the global economy.

Etsy stores “don’t have the complex supply chains that are vulnerable to single points of failure,” Josh Silverman, CEO of Etsy, said in an interview.

Yet the spectrum of shortages can manifest itself in unusual ways.

Isabel Amigon, owner of the online store Sololi, is still awaiting an order for Christmas tree decorations which she placed in April. The manufacturer warned her that the order would be delayed due to a lack of string to tie on the decorated orbs.

Amigon, who is based in Westchester County, NY, said she was concerned that if she did not receive them in time for the holiday season, she would have to wait until next year to use the inventory. The shortage of ropes also led her to remove specific household items from her website, such as table runners and washcloths.

“Even if I get them by the end of November, I won’t be able to sell them all because most people have already bought their ornaments,” Amigon said. “I placed the orders early and still have to deal with this situation.”

Other missing elements are more traditional than the chain.

Earlier this year, Angela and Sean Arnold planned to order another set of Disney Princess dolls to fill the shelves at their toy store, Playmatters Toys, in Pepper Pike, Ohio. But they received a notification in September from the distributor alerting them and other toy store owners that the items were “out of stock indefinitely” because the factory in Vietnam where the dolls are made was closed in due to a covid-19 outbreak.

Even though they had anticipated delivery delays and ordered toys in mid-May instead of August, they couldn’t anticipate the global disruption.

And it’s not just the dolls. The couple ran out of other toys and electronics due to shipping delays or disruptions at manufacturing plants in Vietnam. The couple were also forced to raise the prices of some products as they face higher transportation and wholesale costs from toy sellers.

“Some things we ordered in June and July are still coming,” said Sean Arnold.

Due to this type of delay, Etsy has viewed this time as a time when small businesses can offer gift options that are not dependent on factories and overseas shipments. Additional consumer interest in small businesses, whether online or offline, would likely be welcome after the pandemic dealt a crippling blow to so many people last year.

Etsy said it has seen searches for living room furniture skyrocket 1,572% and less dramatic but significant jumps for dining tables, drafts or chessboards, suggesting some buyers are coming to the site rather than going. in chain stores.

Etsy has learned how to better handle the sharp spikes in demand following the explosion of face masks as a category on the site at the start of the pandemic and made improvements designed to alleviate shipping issues it has encountered at the time. Silverman said that now virtually all items from sellers in the United States have an expected delivery date, which was not the case a year ago, and buyers can filter products by geographic location to. buy from sellers in their area, which can help expedite shipping.

The company also said it checks with vendors to make sure they have enough raw materials and supplies when its technology sees increases in demand for specific items.

Quinn, the owner of furniture salesman What We Make, has seen his business explode as Americans grapple with long wait times and lack of furniture availability from chains. Customers were willing to wait 10 weeks for a dining table from her, especially after seeing 20-week waits at chains like West Elm.

“Big box stores don’t have a lot of things that they normally have, so the silver lining for us is that people are kind of forced to look at other options when they used to be content with the simpler option, ”he said.

Yet he saw his business disrupted in other ways, including a sharp rise in material prices and a rush for reclaimed wood, which usually comes from old barns.

“The people who take the barns apart for the equipment we use, a lot of them have ended up being made redundant or unemployed,” Quinn said. “So we had to try to stockpile material and order way ahead of what we were doing before.”

While Quinn has thrived despite competition from major furniture vendors, the nation’s largest retailers are often better equipped to handle supply chain issues than smaller businesses. Companies like Walmart and Amazon are big enough that they can charter planes to get certain goods.

Jeannine Cook does not have this luxury. Cook, the owner of Harriett’s bookstore in Philadelphia, noticed over the summer that publishers were struggling to deliver her book orders, with some even unable to provide a timeline for the arrival of orders. The problem became widespread at the end of August.

Cook, who opened a second store in Collingswood, New Jersey, in July, said more customers were canceling orders at the bookstore.

“It makes me nervous because I don’t want people to feel like they can’t get what they need or want,” Cook said. “It’s difficult because we already have big box companies that have so much more infrastructure than we do.”

A recent study from Adobe showed that out-of-stock messages in October more than quadrupled compared to October 2019. This is one reason why the retail industry, including small businesses , urged the public to buy at the beginning of the year to get gifts for the holidays. season.

“Hate that we went from Halloween to Christmas,” said Searfoss, the owner of the grocery stores, who said she started holiday marketing on November 1 for the first time. “I don’t want people to feel frantic, but I think it’s pretty bad that they’re not getting what they want this year.”

She predicted that shipping delays and out-of-stock issues at large chains could attract customers to her stores. “People on those days before Christmas will buy anything they can from any local store they can,” she said.

“It’s just a little stressful for me to think, ‘OK, look at everything I’ve bought,'” Searfoss said. “If I buy it, will they come?” “


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Digital government strategy to make Australia the world’s leading digital government https://ronbercume.com/digital-government-strategy-to-make-australia-the-worlds-leading-digital-government/ Fri, 03 Dec 2021 02:10:15 +0000 https://ronbercume.com/digital-government-strategy-to-make-australia-the-worlds-leading-digital-government/ The Minister of Jobs, Manpower, Skills and Family Business, Stuart Robert, introduced the Morrison government’s plan to become a world-leading digital government in an address to the ‘Australian Information Industry Association, releasing the Digital Government Strategy. To coordinate this effort, Minister Robert announced a series of new initiatives and a refocus for the Digital Transformation […]]]>

The Minister of Jobs, Manpower, Skills and Family Business, Stuart Robert, introduced the Morrison government’s plan to become a world-leading digital government in an address to the ‘Australian Information Industry Association, releasing the Digital Government Strategy.

To coordinate this effort, Minister Robert announced a series of new initiatives and a refocus for the Digital Transformation Agency (DTA). The government moved the DTA to the central portfolio of the Prime Minister and Cabinet and significantly refocused its mandate to provide the government with the best policy advice, oversight and assurance across the entire digital domain of government.

Minister Robert said he would promote digital acceleration to ensure it relentlessly focuses on people, organizing services around their needs rather than government structures.

“The Digital Government Strategy is a bold strategy that sets Australia’s vision as one of the world’s top three digital governments by 2025 and will have the foundation to maintain this position going forward.”

To achieve this vision, Minister Robert said all Australian government departments and agencies must work together.

“We have to shoot in the same direction, that will be our laser-like target to make sure that happens.”

One of the initiatives led by the DTA is the New Government-Wide Digital and ICT Oversight Framework, which enables the DTA to oversee digital and ICT investments throughout the project lifecycle through increased strategic planning, prioritization, contestability and delivery guarantee.

Likewise, another critical body of work is the Global Government Architecture, which will provide the standards, guidance, products and tools needed to help Australian Public Service agencies design end-to-end digital capabilities.

The government continues to invest in digital platforms that make it easier for people to discover, access and manage government services like the revamped myGov and Digital Identity, which can already be used to access more than 80 government services.

Next week, the government will invite companies to express their interest in accreditation under the Trusted Digital Identity Framework or to participate in the Digital Identity System. By registering their interest, companies will be able to find out how the system could benefit their business and their customers, how and when they can participate in the system, and how they can contribute to the governance and operation of the system.

For more information on the Digital Government Strategy, please visit: www.dta.gov.au/digital-government-strategy

For more information on the whole-of-government digital and ICT surveillance framework, please visit: www.dta.gov.au/help-and-advice/digital-and-ict-investments/digital-and-ict-investment-oversight-framework

For more information on whole-of-government architecture, please visit: www.dta.gov.au/whole-government-architecture


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“A post-Roe strategy”: the next phase in the fight against abortion has already begun https://ronbercume.com/a-post-roe-strategy-the-next-phase-in-the-fight-against-abortion-has-already-begun/ Tue, 30 Nov 2021 11:00:44 +0000 https://ronbercume.com/a-post-roe-strategy-the-next-phase-in-the-fight-against-abortion-has-already-begun/ Abortion rights groups raise millions in donations, recruit volunteers to help people cross state borders for the procedure, and develop a gray market to deliver abortion pills directly to patients’ doors, even in states that have banned them. Clinics in Democratic-controlled states are also renewing, anticipating a flood of new patients from Republican-ruled states, which […]]]>

Abortion rights groups raise millions in donations, recruit volunteers to help people cross state borders for the procedure, and develop a gray market to deliver abortion pills directly to patients’ doors, even in states that have banned them.

Clinics in Democratic-controlled states are also renewing, anticipating a flood of new patients from Republican-ruled states, which have tightened access for years and may waste little time banning the procedure altogether. Roe deer publication date.

Conservative groups are just as busy: drafting model law that will ban abortion, spending hundreds of thousands dollars by lobbying lawmakers to enact new bans and sending a door-to-door army to major swing states to mitigate any political backlash the move might cause.

“We’ve had a post-Roe strategy for the past 15 years,” said Kristan Hawkins, president of the anti-abortion group Students for Life of America. “Now is the time for the rubber to meet the road. “

While a limiting or reversing decision Roe vs. Wade would not prohibit the procedure at the national level, it would further weaken the current mosaic of access in the country. A dozen states have ‘trigger’ laws that automatically ban abortion if the court reverses the 50-year-old precedent, while other conservative-led states should act quickly to ban abortion afterwards. of such a decision. A smaller group of progressive states have abortion rights protected by state law.

But many states do not prohibit or protect the procedure, and a final decision, which is expected to come just months before midterms, could shape the 2022 election as the two sides compete for the votes, with the understanding that the right to abortion can be determined. by which party wins.

“Dozens of states are likely or certain to ban abortion if Roe deer falls. Do the people of these states know that? Asked Kristin Ford of NARAL, who supports candidates who support the right to abortion. “How do we communicate the seriousness and importance of this moment to voters and remind them who is to blame – who confirmed these judges and how to hold those elected to account?”

Texas, which has implemented a near-total abortion ban in the past three months that the Supreme Court has allowed to uphold, offers a glimpse of what the nation might look like if life Roe deer falls: People with means who cross state and national borders or who break the law to terminate a pregnancy while those who are unable or unwilling to do so carry an unwanted pregnancy to term.

And in the five states that now only have one clinic, the right to abortion may still exist on paper, but access is so limited that organizers on the ground say they are bracing for a ” post-Roe scenario ‘for years.

“We still have a clinic, but it’s just one, they can only do procedures a few times a week, and they have to bring all of their doctors in by plane from out of state,” said Michelle Colón. , executive director of the Mississippi-based hospital. group SHERO, which stands for Sisters Helping Every Woman Rise and Organize. “They can’t even see everyone who needs an abortion in Mississippi, let alone serve people from Alabama, Louisiana and other neighboring states.”

SHERO is part of a loose network of abortion rights groups preparing to end Roe deer and scrambling to get information, drugs and resources into the hands of those in states most likely to ban abortions. These groups distribute emergency contraception and offer workshops on its use, recruit volunteers to refer patients to clinics in other states, and raise funds to cover travel, accommodation, and childcare costs. – as well as the cost of the procedure itself, which is rarely covered by insurance when patients are discharged from the state.

Abortion funds across the country – the largely volunteer-run nonprofits that answer calls from people who can’t afford the procedure or travel – distributed $ 9 million in 2020, up from $ 4 million. million dollars in 2018, according to the National Network of Abortion Fund. The vast majority of the money comes from small individual donations, with a fraction coming from charitable foundations. But groups fear they won’t have enough to meet demand if Roe deer is significantly reduced or reversed.

Meanwhile, clinics in states with fewer restrictions on abortion – like Illinois and California – are adding staff and hours while calling on lawmakers to make the procedure even more accessible. Advocates in California are pushing for the state’s Medicaid program to more easily reimburse providers for treatment of out-of-state patients, while groups in Michigan are considering a voting initiative to secure the access to abortion pills.

Their preparedness work was put to the test in September when the Supreme Court allowed Texas‘ six-week ban to take effect, and in parts of the country, limited clinic resources are now nearly overwhelmed.

“Before Texas, our system was already taxed,” said Colleen McNicholas, chief medical officer of one of Planned Parenthood’s Midwestern subsidiaries, which operates a clinic on the Illinois-Missouri border and serves patients from many states. surrounding areas. “We are now on the verge of not being able to enforce it.”

Anti-abortion groups are also working to shape a post-Roe world.

Students for Life, an anti-abortion group that focuses primarily on college campuses, is lobbying more than 30 state legislatures to pass restrictions on abortion. The organization also recently launched a $ 5 million campaign in 20 cities – from Jackson, Mississippi to Tacoma, Wash. – to have volunteers and staff knock on more than 77,000 doors, put up notice boards, phone to a bank and run digital ads to convince people to oppose Abortion.

And Americans United for Life, one of the biggest anti-abortion lobby groups, plans to unveil a new database in January, when state legislatures resume their session. The resource will explain the state’s current law and the measures that would be needed to ban abortion if Roe deer is reversed, Katie Glenn, the group’s government affairs adviser, told POLITICO.

“We are also developing model bills which we believe are constitutionally sound and which ensure that women are not penalized – this is in every law we work on,” she said.

Anti-abortion groups, anticipating an increase in unwanted pregnancies, are also promote faith-based pregnancy centers in crises, call on college campuses to provide better housing and services for pregnant and parenting students, and lobby state governments to allocate funds for parenting classes, adoption services and other anticipated needs.

“We realize this will mean there will be women who will need more resources and help and we want to step up and provide that,” Glenn said. “This is the kind of thinking we are pushing all states to do.”

Another front is emerging on abortion pills. Students for Life, as well as several other groups, are working with Republicans in Congress – primarily Rep. Bob Good (R-Va.) and Chip Roy (R-Texas) – to ban online sales of abortion pills and their distribution on college campuses.

Eight red states have already enacted pill restrictions in anticipation of the Biden administration’s easing federal restrictions on the drug and allowing its telemedicine prescription and home delivery – a decision the FDA will take later this month -this. And 16 others under Republican control states have introduced bills to limit access.

“Our post-Roe strategy is primarily an offensive strategy,” Hawkins told POLITICO. “But our defensive strategy is to fight chemical abortion.”

Progressive groups have also focused on abortion pills, which they expect to be one of the main ways people living in states that can ban surgical abortions can still end a pregnancy if Roe deer falls. Colón described the drug as a key differentiator in the pre-Roe era, when many people were forced to turn to unlicensed suppliers for risky procedures.

“A big part of our mandate as a movement fighting for reproductive freedom right now is to help people understand what medical abortion care is, how it works and how to access it,” said Ford of NARAL.

The two-drug regimen is much cheaper than a surgical abortion, can be ordered online and taken at home, and has a less than half a percent risk of major complications.

Still, the pills can only be taken during the first 10 weeks of pregnancy. By the time a person realizes that they are pregnant and finds out how to get them, it may be too late. Abortion rights groups also fear that misinformation and fear will prevent people from using the pills or dissuade them from seeking follow-up care if needed, especially as more and more people States are preparing to ban them.

“I cannot stress enough that states are criminalizing this – by jailing the people who manage their abortions themselves and by prosecuting those who help them do it,” Colón said. “Yes Roe deer is knocked down, I expect it will only get worse.


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A strategy for the new variant of Covid: stay calm and continue to vaccinate https://ronbercume.com/a-strategy-for-the-new-variant-of-covid-stay-calm-and-continue-to-vaccinate/ Sun, 28 Nov 2021 02:35:00 +0000 https://ronbercume.com/a-strategy-for-the-new-variant-of-covid-stay-calm-and-continue-to-vaccinate/ At least we’re learning. Remember when the first reaction to the outbreak of a deadly virus in Wuhan was to discourage people from changing their travel plans? The South African government has not been content with information about a disturbing new variant of SARS-CoV-2, which the World Health Organization has now dubbed omicron. This did […]]]>

At least we’re learning. Remember when the first reaction to the outbreak of a deadly virus in Wuhan was to discourage people from changing their travel plans?

The South African government has not been content with information about a disturbing new variant of SARS-CoV-2, which the World Health Organization has now dubbed omicron. This did not minimize it. Rather, the authorities shared detailed slides for countries to develop their responses.

It is now up to governments and local authorities to adapt to a rapidly evolving viral image, which remains blurry in places.

Genomic sequencing of infections in South Africa revealed that the B.1.1.529 variant contained many more mutations than the dominant delta variant. More worryingly, some of the mutations occur in the area of ​​the spike protein that is targeted by the antibodies. This could mean that existing vaccines will be less effective, which we should know with more certainty in the coming weeks.

ALSO READ: “Maximize defenses”: the world on alert as the Covid strain is found in more countries

On Friday night, the WHO dubbed the omicron variant (not “naked,” which seemed to be the Twitter consensus; and, in some conversations, a previous mutation referred to as “mu”). It has also been called a ‘variant of concern’, which means that it contains genetic changes known to affect transmissibility, disease severity, or evade vaccines and therapies.

Certainly, the transmissibility of omicron appears to be extremely high. WHO was alerted on November 24 and said the variant was identified from a sample taken on November 9. It is already evident in most provinces of South Africa, as well as in Botswana, and cases have been found in Hong Kong, Israel and Belgium. On Saturday, the British government said two cases of omicron had been discovered in Britain. It is highly likely that it has spread elsewhere as well.

Although South African officials are unhappy with it, travel restrictions are the obvious first answer. The British government announced on Thursday evening a temporary travel ban in several countries. However, when a flight from Gauteng – the South African province that includes Johannesburg – arrived in London on Friday, some 300 passengers were released back into the wild with only a warning message to self-isolate and pass. some tests. (For a government that has complained a lot about the laxity of French border controls, this counts as an objective against its camp.)

Meanwhile, Israel has implemented new travel restrictions, quarantines and PCR testing at the border. The EU has recommended an “emergency brake” on travel from South Africa. These restrictions only save a little time to plan the next steps. If scientists confirm that omicron can indeed evade the defenses of current vaccines, then the race is on to develop a better defensive weapon.

Pfizer Inc. says it can deliver a vaccine that would counter the new variant within 100 days of sequencing. It’s fast. Regulators like the U.S. Food and Drug Administration are likely to speed up approval processes for vaccines that are only tweaked for new variants. Pfizer estimates it could produce 4 billion doses in the first 12 months. 8 billion additional doses of Moderna Inc. and AstraZeneca Plc vaccines are expected to be available within a similar time frame.

ALSO READ: Israel bans entry of foreigners due to new variant of coronavirus

Even so, testing will need to be done on the updated vaccine. Getting it into enough arms will take many months, even with delivery systems primed by the current vaccine rollout.

Other lines of defense will also be important. It is debated whether the new variant may alter the effectiveness of treatments with monoclonal antibodies, proteins that bind to a specific target in the virus spike protein and may be a key tool in the treatment of early infection and even as a prophylaxis in people vulnerable to serious illness.

Maybe we’ll be lucky. The authors of a study published in the journal Nature in September found the presence of “abundant” neutralizing antibody targets on the spike protein of the SARS-Co-V-2 virus; it apparently takes a lot of mutations to escape vaccines or natural infection. Again, omicron has about 50 mutations and over 30 in the spike protein, many more than the delta variant. Ten of the mutations are found in what is called the receptor binding domain (RBD), which is the part of the virus that first comes into contact with cells; this is compared to two with delta.

Omicron was a statistical probability long before it actually appeared. With a vaccination rate of 24%, it’s no surprise that it first appeared in South Africa. The Hong Kong case involved a vaccinated traveler; the Belgian in an unvaccinated one. The longer it takes to vaccinate entire populations, the faster we will go through the Greek alphabet with new variants; the only way to avoid this is to vaccinate more people faster.

Wherever omicron is seeded, it’s likely we’ll need the now-familiar array of detection and mitigation measures – mask warrants in public places, more frequent testing, and advice for working from home. Although these measures are already back in much of Europe, it would be an unfortunate regression for the United Kingdom, where the wearing of masks is increasingly rare.

South Africa’s transparency and swift response suggest that we are learning at least the first lesson in managing a pandemic: that ‘wait and see’ is a losing strategy.

With the help of Sam Fazeli.


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Adevinta revamps growth strategy as third quarter lags behind car issues https://ronbercume.com/adevinta-revamps-growth-strategy-as-third-quarter-lags-behind-car-issues/ Thu, 25 Nov 2021 08:20:00 +0000 https://ronbercume.com/adevinta-revamps-growth-strategy-as-third-quarter-lags-behind-car-issues/ Q3 revenue 386 million euros vs survey 406 million EBITDA 127 million euros vs 136 million survey Completed eBay classifieds unit purchase in June Set new growth, margin targets Equities down 5.9% OSLO, Nov. 25 (Reuters) – Norway’s Adevinta (ADEA.OL), the world’s largest classifieds company, reported a smaller than expected third-quarter revenue increase on Thursday, […]]]>
  • Q3 revenue 386 million euros vs survey 406 million
  • EBITDA 127 million euros vs 136 million survey
  • Completed eBay classifieds unit purchase in June
  • Set new growth, margin targets
  • Equities down 5.9%

OSLO, Nov. 25 (Reuters) – Norway’s Adevinta (ADEA.OL), the world’s largest classifieds company, reported a smaller than expected third-quarter revenue increase on Thursday, hampered by weakness of the automotive segment, according to her. will continue next year.

Following its recent $ 13 billion buyout of eBay’s classifieds unit (EBAY.O), Adevinta said it now plans to focus its business in fewer countries, primarily in Europe, and would invest more in these markets to stimulate growth.

Adevinta’s revenue from July through September rose 6% year-on-year to 386 million euros ($ 432.7 million), behind analysts’ average forecast of 406 million euros, according to the reports. data from Refinitiv.

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The company’s shares fell 5.9% at 8:06 a.m. GMT.

A semiconductor shortage has limited global auto production this year, hampering sales and, therefore, advertising. Adevinta’s German unit, Mobile.de, reported a 3% drop in revenue in the third quarter compared to last year.

Adevinta’s profit before interest, taxes, depreciation and amortization (EBITDA) fell 7% year-on-year to € 127 million in the third quarter, behind the € 136 million expected by analysts, according to Refinitiv .

The company set itself a medium to long-term growth target of 15% on Thursday, but said that target would not be met next year.

“In 2022, assuming a gradual recovery in the engine market in the second half of the year, we forecast double-digit core market revenue growth,” Adevinta said in its earnings report.

Adevinta now plans to focus on five European markets – Germany, France, Italy, Spain and the Benelux countries – and divest its operations in Australia and South Africa next year.

“These are markets where we have strong positions and where we see opportunities for faster growth,” Rolv CEO Erik Ryssdal told Reuters.

“Canada, Mexico, Hungary and Belarus have come under scrutiny. These are smaller operations, but we need more time to conclude,” he said.

However, Adevinta will retain its joint ventures in Brazil, Austria and Ireland. It has set itself a medium and long-term objective of an EBITDA margin of 40 to 45%, compared to 33% in the third quarter.

($ 1 = 0.8920 euros)

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Reporting by Terje Solsvik; edited by Uttaresh.V and Emelia Sithole-Matarise

Our standards: Thomson Reuters Trust Principles.


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TotalEnergies strengthens its presence and implements its multi-energy strategy https://ronbercume.com/totalenergies-strengthens-its-presence-and-implements-its-multi-energy-strategy/ Tue, 23 Nov 2021 07:58:32 +0000 https://ronbercume.com/totalenergies-strengthens-its-presence-and-implements-its-multi-energy-strategy/ PARIS, November 23, 2021– (COMMERCIAL THREAD) – Regulatory news: During the Libya Energy & Economy Summit, the first economic conference to take place in Libya for 10 years, initiated by the Government of National Unity, TotalEnergies (Paris: TTE) (LSE: TTE) (NYSE: TTE) signed with the authorities Libyan various agreements for the sustainable development of the […]]]>

PARIS, November 23, 2021– (COMMERCIAL THREAD) – Regulatory news:

During the Libya Energy & Economy Summit, the first economic conference to take place in Libya for 10 years, initiated by the Government of National Unity, TotalEnergies (Paris: TTE) (LSE: TTE) (NYSE: TTE) signed with the authorities Libyan various agreements for the sustainable development of the country’s natural resources.

These agreements aim to develop solar projects providing electricity to the Libyan people and to invest in projects reducing gas flaring in oil fields in order to supply gas to power plants as well as to contribute to the national goal of restoring the country’s oil production to 2 million barrels per day and supplying world markets.

Among the agreements signed is a memorandum of understanding between TotalEnergies and the General Electricity Company of Libya for the development of solar photovoltaic projects with a total capacity of 500 MW intended to supply electricity to the national grid.

In addition, the Council of Ministers of the Government of National Unity approved the joint acquisition by TotalEnergies and ConocoPhillips of the 8.16% interest held by Hess in the Waha concessions, which will increase TotalEnergies’ participation in these concessions. from 16.33% to 20.41%. During the conference, TotalEnergies thus confirmed its will:

– develop the production capacity of the Waha concessions, in particular the 100 kb / d North Gialo project, representing an investment of $ 2 billion,
– invest in gas collection projects to reduce flaring and power the region’s power plants and use solar energy to power Waha’s industrial facilities.

“These agreements reflect TotalEnergies’ desire to strengthen its investments in the Libyan energy sector. Our goal is to help the country build a more sustainable future through better use of the country’s natural resources, including solar energy, which will directly improve, more reliable and affordable electricity for the Libyan people “, said Patrick Pouyanné, Chairman and CEO of TotalEnergies. “We are thus capitalizing on our leadership position in the region, where the cheapest hydrocarbons are produced, to continue our development in renewable electricity. These agreements further illustrate the sustainable development model of TotalEnergies, a global multi-energy company that supports producer countries in their energy transition.

***

TotalEnergies in Libya
TotalEnergies has been present in Libya since 1954. In 2020, the Company’s production was 43,000 boe / d. This production comes from the Al Jurf offshore field (TotalEnergies, 37.5%), from the onshore area of ​​El Sharara (TotalEnergies, 15% on the ex-NC 115 block and 12% on the ex-NC 186 block) and the Waha fields (TotalEnergies, 20.41%, after the joint acquisition of the stake in Hess).

About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energy on a global scale: oil and biofuels, natural gas and green gas, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies places sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

@TotalEnergies I TotalEnergies I TotalEnergies I TotalEnergies

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Experts Question County’s Growth Strategy – The Daily Reporter https://ronbercume.com/experts-question-countys-growth-strategy-the-daily-reporter/ Tue, 23 Nov 2021 07:30:00 +0000 https://ronbercume.com/experts-question-countys-growth-strategy-the-daily-reporter/ Michael hicks GREENFIELD – Two experts who recently visited Hancock County gave local officials a dose of unconventional wisdom on economic development and job growth. The center of their argument was that communities that hope to grow and improve should focus on attracting residents by providing improvements in quality of life, not on attracting jobs, […]]]>

GREENFIELD – Two experts who recently visited Hancock County gave local officials a dose of unconventional wisdom on economic development and job growth.

The center of their argument was that communities that hope to grow and improve should focus on attracting residents by providing improvements in quality of life, not on attracting jobs, especially jobs. that might not last.

“Jobs follow people,” said David Terrell, director of the Indiana Communities Institute at Ball State University. “People don’t follow jobs.”

Commissioner Bill Spalding invited Terrell and Michael Hicks, professor of economics at Ball State and director of the Center for Business and Economic Research, to speak with local officials. Terrell recently spoke at a workshop hosted by the Hancock County Community Foundation, and Spalding wanted his colleagues on Commissioners Council and County Council to hear more of what he had to say.

Economists told local officials present at the discussion, including two commissioners and most county council members, that the evidence shows that only around 10% of people have moved to their current area of ​​residence due to a job. Instead, most people moved because they wanted better housing, parks and trails, civic engagement, proximity to a big city, or – the most important factor, according to studies – to good schools.

“Hancock County is fortunate to have quality schools at all levels,” Terrell said. “And there is an advantage to being near downtown Indianapolis. You don’t have to have it all.

Terrell said he has told many communities that they should upgrade their schools to the Hancock County corporate level if they are to have population growth. This is the asset the county should focus on, economists said, without attracting more jobs.

“That one thing you have sets you apart from all the other places in Indiana,” Terrell said.

The discussion added weight to a discussion county officials have had for months about their approach to economic growth and how they should approach requests for tax breaks. Several officials want to do much less for companies looking to establish sites in Hancock County, arguing that tax breaks and the proliferation of warehousing jobs with companies like Amazon and Walmart are hurting the community.

“We have jobs that are sticking out our ears,” County Council member Kent Fisk said at the meeting. “We don’t need jobs anymore.

Hicks said his job as an economist is to examine the factors that encourage businesses and people to relocate. He said that since the decline of manufacturing in the United States, there is an ever-increasing investment of capital needed to create jobs. Spending on a business that could have created 100 jobs in the 1950s will only create a handful. Most jobs in the economy today, he said, fall into two categories: jobs that can be located anywhere and jobs that can be located anywhere there are customers.

Terrell said many jobs today, especially those that don’t pay well, are vulnerable to three trends: automation, offshoring and urbanization. In other words, jobs can be replaced by machines, sent to another country, or relocated to a big city.

Automation, Terrell said, is of particular concern to the jobs Hancock County attracts in warehousing and manufacturing.

“Whatever you’re getting right now, they’re all vulnerable to automation,” he said. “Even in the, in quotes, ‘good’ counties, there is a huge vulnerability to this.”

Hicks noted that automation usually doesn’t happen because new technology becomes available. Instead, it’s because companies decide that the technology is worth the cost compared to hiring workers.

“We’re really bad at predicting when (automation will happen), but we’re not talking about technology that isn’t available,” he said. “We are talking about technological costs. “

Many county officials were receptive to what Hicks and Terrell had to say, especially those who criticized the development and the cuts.

“I think we’ve already started looking at all of these different things, and I think we need to start demanding more from these developers,” County Council member Robin Lowder said. “I think we need to stop and readjust and look at some things, and start demanding a lot more.”

County Council Chairman Bill Bolander said council members all agree something needs to change, although they might disagree on how much the process should be changed.

Spalding said he hoped his official colleagues would take into account what speakers had to say as they continued their discussions on economic development.

“I think it’s important with where we’re at right now, even as we’re growing up, people want to come here, to really ask these important questions, about what (businesses) can do for our community, and for we should not be afraid to let agreements go through which will not benefit everyone here in this county, ”he declared.

Hicks said next steps for Hancock County should include more discussions about the future of the community. Part of that may come from the county’s ongoing comprehensive plan process, which he says should involve speaking to people from all demographic groups.

“None of the above is straightforward,” he said. “But for those who are going to be working with businesses on economic development, they need community feedback, and community feedback needs to be more than just a vote.”


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The plausible strategy behind the acquisition of Honeywell by Flour Mills of Nigeria Plc https://ronbercume.com/the-plausible-strategy-behind-the-acquisition-of-honeywell-by-flour-mills-of-nigeria-plc/ Tue, 23 Nov 2021 07:20:45 +0000 https://ronbercume.com/the-plausible-strategy-behind-the-acquisition-of-honeywell-by-flour-mills-of-nigeria-plc/ Two of Nigeria’s largest flour mills, Flour Mills of Nigeria and Honeywell Flour Mills Plc yesterday announced a mega deal that will see the former acquire the latter. According to the press release, Honeywell Group Limited has agreed to sell a 71.69% stake in Honeywell Flour Mills to Flourmills of Nigeria. He stated, “For the […]]]>

Two of Nigeria’s largest flour mills, Flour Mills of Nigeria and Honeywell Flour Mills Plc yesterday announced a mega deal that will see the former acquire the latter. According to the press release, Honeywell Group Limited has agreed to sell a 71.69% stake in Honeywell Flour Mills to Flourmills of Nigeria.

He stated, “For the proposed combination of FMN through its affiliates and Honeywell Flour Mills Plc (“ HFMP ”), a holding company of HGL. At a total enterprise value of NGN 80 billion, HGL will sell a 71.69% stake in HFMP to FMN.

Enterprise value includes the debt of the business. Honeywell Flour Mills currently has a market value of N29 billion. The purchase price for the transaction has not yet been announced. Flour Mills issued a press release informing investors that he will answer questions about the deal during an earnings conference call.

Read: Flour Mills and Honeywell owe CBN, FBNH, combined bond holders 220 billion naira

As we wait for more details, early indications suggest that the trigger for the deal may not be purely financial. Analysts who spoke to Nairametrics believe the deal may have been sanctioned by the Central Bank of Nigeria, a joint lender to Honeywell and Flour Mills of Nigeria Plc. The analyst also suggests that it was strange for Flour Mills to acquire the company from Honeywell which was in a very difficult operational and financial situation.

The flour milling business is very low margin and therefore provides limited impetus for such a transaction. Honeywell also lost money in its Pasta business which, combined with its noodle business, is relatively small compared to its flour mill business. It is therefore logical that there are more “political” reasons behind this agreement.

According to another source familiar with the deal, a plausible reason for Flour Mills’ decision to acquire Honeywell was to avoid potential job losses and other negative economic consequences that could have arisen had the CBN forced Honeywell to repay its loans.

The Central Bank had previously ruled out bank financing for the company following the removal of Oba Otudeko from the board of directors of FBN Holdings. In response, Honeywell issued a press release informing investors that it planned to repay the loans. She claimed that her First Bank loans were in service and that she had repaid the loans by 30% over a two-year period.

Read: Acquisition: Honeywell shares up 9.73%

“Honeywell Group has continued to fulfill all of its obligations on its facilities with the Bank on the terms agreed and has reduced its exposure by almost 30% in 2.5 years. The facilities were billed at market rates and the bank continues to earn significant interest ”, they declared.

Subsequently, he announced that he had entered into plans to issue a commercial paper, the opportunity to refinance and restructure the debt profile of the company, as the company “enters a phase of more aggressive growth. of its operations “.

The announcement of this deal therefore suggests that the use of commercial papers to finance loans may not have failed or may have been suspended for now. Without funding, the business could have been more exposed to dire financial straits. Thus, a timely way to save the company, as well as that of its shareholders, was to facilitate a friendly acquisition.

Another analyst who spoke on condition of anonymity believes it was a win-win situation for everyone involved. Honeywell manages to repay its loans, which gives it time to recover and continue to operate. Honeywell also remains a separate entity and continues to exist on the stock exchange.


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Experts call for improved anti-terrorism strategy in Serbia https://ronbercume.com/experts-call-for-improved-anti-terrorism-strategy-in-serbia/ Tue, 23 Nov 2021 07:17:17 +0000 https://ronbercume.com/experts-call-for-improved-anti-terrorism-strategy-in-serbia/ Questions are being asked in Serbia about the authorities’ response to a series of right-wing attacks and the increasingly vocal presence of right-wing groups, most recently as part of the anti-vaccination movement. In April this year, radio host and anti-fascist activist Dasko Milinovic was assaulted by two men armed with pepper spray and metal bars […]]]>

Questions are being asked in Serbia about the authorities’ response to a series of right-wing attacks and the increasingly vocal presence of right-wing groups, most recently as part of the anti-vaccination movement.

In April this year, radio host and anti-fascist activist Dasko Milinovic was assaulted by two men armed with pepper spray and metal bars on his way to work in the northern town of Novi Sad. country. The alleged assailants were arrested along with a third man for incitement to violence. The first hearing of the trial was to take place on November 18; in June 2019, neo-Nazis from the southern town of Nis stabbed Uros Janjic, who was wearing a t-shirt with an anti-fascist slogan. The attack was classified as a hate crime and three men were arrested. Their trial is ongoing.

Members of the far-right group Narodne Patrole [People’s Patrols] – notorious for attacking refugees and migrants traveling through Serbia – have played a leading role in recent “anti-vaccine” protests in Serbia.

Kisic said it was vital that Serbia’s counterterrorism strategy faithfully reflected the situation on the ground.

“First of all, this increase in right-wing extremism, right-wing violence, is not just in Serbia; it has certain specificities here, but it is a danger all over the world, ”she said. “So the basis for this new strategy must start from this situation on the ground. “

According to civil society groups and the Serbian office of the Organization for Security and Cooperation in Europe, the Serbian interior ministry is evaluating the current strategy. But Kisic said the contribution of the various ministries covered by the strategy was late.

“The ministries listed in the strategy should have already published their reports, of course with a certain level of secrecy for certain security-related data, and then on this basis, the assessment of the strategy should be made,” he said. she declared.

Elsewhere in the Balkans, Bosnia and Herzegovina has yet to replace its own counterterrorism strategy, which expired last year. Kosovo, which addresses threat from Islamic State and radicalization of ethnic Serbs and Albanians, expires in 2023

North Macedonia has a similar strategy that encourages the rehabilitation and reintegration of returnees from foreign battlefields and pays particular attention to Islamist extremism. Montenegro’s own strategy also stresses the need to provide support to returnees. Albania does not recognize specific forms of violent extremism.

Under the current Serbian strategy, the lion’s share of funding goes to the Interior Ministry, which in 2017-2019 received just over 2.2 million euros. During this period, some 5,300 euros went to the Ministry of Justice, 12,250 euros to the Ministry of Culture and Information and 11,700 euros to the Ministry of Commerce, Tourism and Telecommunications.


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IA position paper Joint response to the European Commission’s pharmaceutical strategy for Europe https://ronbercume.com/ia-position-paper-joint-response-to-the-european-commissions-pharmaceutical-strategy-for-europe/ Tue, 23 Nov 2021 07:03:53 +0000 https://ronbercume.com/ia-position-paper-joint-response-to-the-european-commissions-pharmaceutical-strategy-for-europe/ Antimicrobial resistance (AMR) poses a threat to global health, which continues to worsen, despite emerging awareness of the severity and scale of this problem. In addition, the coronavirus pandemic (COVID-19) has seen an increase in the use of antibiotics, lack of antimicrobial stewardship and capacity issues in terms of syndromic testing, thus having the unintended […]]]>

Antimicrobial resistance (AMR) poses a threat to global health, which continues to worsen, despite emerging awareness of the severity and scale of this problem. In addition, the coronavirus pandemic (COVID-19) has seen an increase in the use of antibiotics, lack of antimicrobial stewardship and capacity issues in terms of syndromic testing, thus having the unintended consequence of a spread increased AMR, especially in low- and middle-income countries (LMICs), but also across Europe. The new European Commission Pharmaceutical strategy for Europe proposes a series of actions which aim either directly at combating AMR or which are relevant in the fight against AMR. These proposed initiatives are a step in the right direction, which deserves to be commended. However, their scope and ambition remain to be determined and monitored.

In response, EPHA issued a position paper endorsed by 17 other organizations, including civil society and professional associations. All signatories are members of the AMR Stakeholder Network and have committed to adopt the One Health approach in the fight against AMR.

This document offers recommendations that should ensure that the vision set out in the Medicines Strategy is translated into concrete actions, with rigorous monitoring of how they contribute to tackling this global health threat.

The 6 recommendations of this position paper are:

  1. Empower and federate all health professionals.
  2. Explore new business models, better suited to the antimicrobial market and antimicrobial stewardship.
  3. Reduce dependence on antibiotics through consumption goals, prevention activities, research of non-antibiotic options and practices.
  4. Strengthen institutions and clarify the role of the Health Emergency Preparedness and Response Authority (HERA).
  5. Give voice to environmentally sustainable antibiotics.
  6. Explore the role of health promotion and prevention, and patient resilience as a prevention strategy.

The pharmaceutical strategy, shaped by the challenges revealed by COVID-19, is expected to play a crucial role in a European post-pandemic architecture that is more resilient and better prepared to face threats to global health, of which AMR is a prime example.


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