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Extensive R&D activities, wide-ranging acceptance of the products along with initiating building codes is expected to stimulate the demand supply of cross laminated timber in the non-residential applications. A notable factor here is that since the recent past, adhesive bonded cross laminated timber has been witnessing significant demand in the cross laminated timber market on a global basis. The residential sector has been contributing on a substantial basis in driving the demand supply of adhesive bonded cross laminated timber as the product comprises of exclusive environmentally friendly adhesives. Most of all, adhesive bonded cross laminated timber is comparatively cheaper than other mechanically fastened cross laminated timber and no labor cost has been involved in its application as well, which in turn supports its potentiality in the cross laminated timber market across the globe.

Why is Cross Laminated Timber Preferred Over Steel and Concrete?

In construction activities, cross laminated timber has been significantly preferred as it helps in reducing risks owing to its exclusive properties. Cross laminated timber helps in reducing the impact of construction activities on the environment as well as decreases disturbance in the local communities. Early completion of construction processes with cross laminated timber compared to various other building materials such as steel, cement, and bricks etc. further drives demand supply in the global market.

Increasing usage of cross laminated timber on-site in order to reduce labor costs along with construction time of the building is expected to dive in substantial revenues in the cross laminated timber market in the forthcoming years. Most of all, rising safety from fire as the innovation holds properties such as high permeability and low density, which in turn provides heat insulation, thereby protecting the wood is expected to offer significant manufacturing opportunities to the manufacturers in cross laminated timber market.

Growing Awareness to Remain Highly Beneficial

Several studies have indicated that growing awareness doe splay a significant role in the growth of cross laminated timber market for the forthcoming years. Clearly on the aspect of construction industry, growing awareness regarding climate change and deforestation is likely to notably promote the growth rate of cross laminated timber market. This growth is also attributed towards the possibility that several regions such as APAC have been maintaining climate and forest sustainability in their priority list.

In addition, large construction companies, timber trade federations, and government agencies have been taking immense efforts in promoting the use of cross laminated timber in upcoming construction projects, which in turn is expected to push revenue sales in cross laminated timber market. Growing demand for reducing fresh water consumption significantly stimulates the demand supply in cross laminated timber market. Rising need for enhancing indoor environment quality that helps in environment sustainability is estimated to fuel growth and development in cross laminated timber market. Moreover, production of cross laminated timber even helps in maintaining clean environment, thereby generating zero waste, which again leads to expansion of customer-base in cross laminated timber market with rapidly increasing demand.

North America to Offer Attractive Opportunities to Enhance Revenue Sales

Cross laminated timber market of Canada and U.S is foreseen to be substantially driven by growing demand from the engineers and architects for using building systems and building products that are highly based on wood. According to the earlier scenario, U.S. had been restricted form using wooden buildings for 3-4 stories on account of regulations implemented by International Building Codes, which in turn was restraining the North America cross laminated timber market. However, since the recent past, wide-ranging acceptance has been observed in the demand for products and development in the building codes, which in turn further stimulates demand supply in North America cross laminated timber market along with growing potential of high-rise buildings in the region. Considering the afore-mentioned factors, key players cross laminated timber market can expect North America to support them with lucrative opportunities in business expansion along with flourishing opportunities for construction sector in the long run as well.

Do not miss out on the latest business opportunities in cross laminated timber market. Future prospects can be availed on one click.

We are living in an era of instability and risks. Greater transparency, new technologies and globalization have been combined for upending business environment, thereby offering deep sense of uneasiness to many CEOs and other company officials. Quicker recently announced regarding the successful business hike in its operations by 95% that was found out after consolidating its revenues and the hike rose to Rs.173.49Cr in FY17-18. Rahul Tewari, CEO of Quicker stated that the 95% revenue growth is attributed towards its higher margins as well as low-cost of customer acquisition. He further added that synergies and cross-selling opportunities between its verticals would further enable in amplifying their business expansion and growth.

Forward Looking Statements

Quicker continued its progress momentum in initial two quarters of present fiscal and moreover is expecting the revenues to double up by Rs.350Cr with annualized run-rate for fourth quarter being in Rs.500Cr range. CEO and founder of Quicker, Pranay Chulet had mentioned that they will be verticalizing their business by providing the customers with total transactions in large categories, which in turn helps them in unlocking true potential of their business. Quicker is also looking forward to receive more than 30Million unique users every month. It has operations across various businesses that is inclusive of services, jobs, homes, education, cars and C2C.

Strategies Adopted By Quicker

Quicker has adopted a notable strategy of functioning online-to-offline transferable models over its broader classified base that has been displaying positive outcomes so far. The company has been taking immense efforts in delivering end-to-end transfers to its customers across several regions in its verticals, which is inclusive of home services, beauty, electronics and furniture, cars and bikes as well as co-living.

Quicker will continue to operate AtHomeDiva and Commonfloor as self-regulating brands across the global market, whereas other acquired firms such as beauty businesses and Grabhouse have been incorporated in Quicker businesses. These acquisitions have provided the company with stringer outcomes by merging acquired companies’ models with wide-ranging demand and supply base. The investors of Quicker are inclusive of Omidyar Network, Steadview Capital, NGP Capital, Norwest Venture Partners, Norwest Venture Partners, Warburg Pincus, Kinnevik and Tiger Global Management.

Leveraging with existing capabilities and assets for experimenting with the business models leads to notable growth in business. Growing number of economic activities occurring beyond the corporate boundaries by means of peer production, value ecosystems, value nets, offshoring and outsourcing leads to significant development of strategies across the globe by dynamic business systems.

Google would soon roll out a facility on Maps, which would be highly beneficial for users to connect with the business profiles in nearby locations. This basically offers an opportunity for asking questions while exploring places to go for shopping and things to do. Last year, Google has enabled users across various regions to message businesses utilizing Google’s ‘Business Profiles’, thereby allowing them in sending messages to the businesses by eliminating the need for phone calls. However, now that this new feature has rolled out on Google Maps as well, users across several other countries will be able to connect with businesses for the first time.

Google Maps More Than Navigational Tool with Significant Use of Data from Previous Years

Google Maps has turned out to be more than just a navigational tool with integration of several features that makes it equivalent to other popular social platforms. With the emergence of new messaging feature in Google Maps, it has come a step closer towards transforming into complete social media platform. The messaging feature of Google Maps is taken up as an expansion of real-time business of Google towards customer messaging service that is debuted in several regions the earlier year. Now, along with traffic information, the map also indicates busy times at the shopping centers as well as movie theaters depending on traffic data from previous years.

Google My Business App Installation to Hold Remarkable Future for Business World

The messages with the businesses that we connect will be visible by means of ‘Business Profiles’ in side menu. The facility is made available within the app – Google Maps, on both iOS and Android devices. In order to let the feature work as intended, local businesses could install Google’s My Business app, thereby enabling messages.

My Business app has been regarded as a free tool, which is supremely beneficial for small business owners in reaching out people online as well as connecting with customers through Google. This in turn enhances growth of ventures like Facebook “Pages”. Product Manager of Maps, Google, Aditya Tendulkar had mentioned that as long as local businesses have enabled messages, users can connect with the businesses in just one tap. The ‘message’ button is the only thing to look for on Google Search and Maps’ ‘Business Profiles’.

Any business that plans to be a part of this new feature user, must install verification system of “My Business” by Google along with its related applications for sending and receiving messages. The same application has been advanced as Adweek notes, by turning it one-stop shop for the small businesses for upgrading their data, in order to enable Google chat with their clients. In Google My Business app, users can access the Post button for adding photos and posts to their ‘Business Profiles’. The advanced version of Google My Business app enables the business to remain in contact with their customers on the go and in real-time.

Forward Looking Pointers

Google is expecting such lucrative information to benefit users in avoiding traffic as well as lines for saving time. Lately, Google Maps have been updated with quick search for restaurants, estimated time of arrivals on trips and exploring business areas. Google has come up with “Follow” button in Maps for customers to track businesses on the basis of events and news along with others. With advancements in Maps, competition with Facebook is expected to increase at a significant pace as Google is turning out to be a popular platform for the businesses. The notable part here is that this newly advanced Google Maps also helps in listing businesses before launch as well as shows their opening dates.

Prominent business leaders around the United Kingdom have expressed growing alarm as the draft Brexit agreement, which was largely touted as the only chance to preserve stability in trading between the UK and the EU threated to fall apart following the resignations of Brexit minister Dominic Raab and pensions minister Esther McVey along with other junior ministers.

The resignations came within just 12 hours of Prime Minster Theresa May announcing that her cabinet had agreed to the terms set in the draft. The development once again set stage for Britain leaving the European Union without a deal before March 2020, sending the value of the British Pound and stock prices in the region plunging. The pound went down by 1.8 per cent against the US dollar during the early evening trading, and has a good chance of going down even further.

Why a Deal with the European Union is Important for Business

Germany-based automobile manufacturer stated that it still hoped that all parties involved would work towards a final agreement to maintain a frictionless trade framework on which numerous international production networks are based. However, with the uncertainty in the political environment, the company preparing itself for a no-deal Brexit, which it considers as a worst-case scenario.

A deal is on immense importance to the UK, owing to the fact that the European Union is their biggest trading partner, which cumulatively accounts for 53% of imports and 44% of exports. A failure to achieve a deal with the EU could disrupt efficient supply chains that have been used by the defense, automotive, and aerospace industries among others for the past 45 years.

Calling Theresa May’s government as ‘the most disastrous’, business leaders are concerned that a no-deal Brexit would cause great difficulty to large scale industries, by increasing costs and complexities arising from red tape thereby affecting the regional markets adversely in a significant way.

Business Leaders Found Theresa May’s Deal to be Favorable

Industry leaders and representatives from Diageo, Royal Mail and the London Stock Exchange who had been briefed about the draft agreement by ministers, had largely shown a positive response calling the deal ‘the best chance of a compromise’ to make the transition period secure and avoid chaos.

Executive chairman of Cicero, the public affairs firm representing top financial firms in the UK stated that although most business executives did not like Theresa May’s deal, most have come to terms that it is the only viable option at present.

The sudden spate of resignations has put a number of businesses in the state of horror, as it is extremely difficult to negotiate another deal in the time left, leaving a feeling of instability in the atmosphere.

Even as a number of senior politicians called on Theresa May to quit, Jurgen Maier the UK chief of Seimens emailed his statement: We hope all sides keep calm, look at the facts, and move to support this draft to provide UK business with greater certainty.

The Next Step for the Brexit Deal

Across the board, legislators have looked down at May’s deal, feeling that the result would make Britain subject to EU rules, with hardly any say, including the alignment of Northern Ireland with the EU to avoid the formation of a hard border.

While senior executives are still holding out hope that the deal goes through before the end of the year, others were looking at other options on the table including an extension of the negotiation period, a national election, or a second referendum.

Clearly, the current situation is weakening confidence in the country and reinforcing uncertainty in the market. A clear resolution is the need of the hour.

Canadian Prime Minister Justin Trudeau recently spent C$14 Billion on tax relief for the country’s businesses. The fiscal update that was revealed showed capital investment write-offs that are implemented on a temporary basis, alongside a promise to push export markets, create direct cash sources for businesses, and cut down on red tape.

Businesses Claim They are Pleased But Not Fully Satisfied

The tax breaks were announced as a move to counter the increasing competitiveness in comparison to the United States, after President Trump cut corporate taxes in the USA earlier this year. Businesses across Canada showed their support towards this mini-budget development, while maintaining that the government still had a lot of work to do.

The business sector sent out calls to the Trudeau government to work more extensively on tax reforms, reduce the country’s fiscal deficit, streamline business rules and regulations, and resolve the oil price crisis currently plaguing the province of Alberta.

Alberta’s oil price crisis is gaining importance owing to its impact on the entire country, as Alberta loses millions of dollars in the form of royalty arising from extremely large discounts on locally produced heavy crude, in comparison to benchmark prices of the United States.

Tax Breaks to Be Beneficial for All States Including Alberta Claims Government

Perrin Beatty, President of the Canadian Chamber of Commerce said that while the Canadian government has done quite a bit for accelerated write-offs for capital investments, there is room for more to be done. The measures will result in investments in the manufacturing sector that can be completely written off, and the marginal tax rates will be reduced to strongly compete with that of the United States, thereby helping businesses in all sectors including oil and gas in Alberta.

On the other hand, the national fiscal deficit has now grown to C$83.5 in the past five years, and is estimated to grow to a massive C$765 Billion by 2024.

The tax breaks are largely considered as a good step to strengthen businesses in Canada at least on a temporary basis, along with the tentative agreement of continental trade that has been made with Mexico and the United States. Senior economist Brian De Pratto has cautioned that while the government’s response to market competitiveness will be a useful funding initiative, it is a little worrying that the government has decided to spend most or all of its fiscal gains