It is cheap, and a refuge from the Sino-American trade-and-technology war Bitcoin is struggling to clear the main $9,200 resistance. BTC is likely to start a strong rally if it clears the $9,200 resistance and the 100 SMA (H4).
Global Automated Storage and Retrieval System Market (ASRS) is expected to reach US$ 7.8Bn by 2026 from US$ 3.5Bn in 2017 at CAGR of 10.5%.
Global automated storage and retrieval system (ASRS) market are segmented by type, function, industry and region. Type is divided into a unit load, mini load, vertical lift module (VLM), carousel, mid load, and auto store. A function is classified as assembly, kitting, order picking, distribution and storage. The industry is categorised into automotive, chemicals, aviation, semiconductor & electronics, E-Commerce, food & beverages, healthcare, and metals & heavy machinery. Region-wise divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
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Global Automated Storage and Retrieval System Market (ASRS)
The major factor driving the growth of global automated storage and retrieval system (ASRS) market is a growing demand for consumer electronic products across the world. Continuous innovation and technological advancement such as artificial intelligence, IoT and virtual reality in consumer electronic products have increased the demand for this industry. The high demand for consumer electronic products across the globe has created the need for automated storage and retrieval system in the consumer electronics industry for handling inventory and picking and storing materials. Additionally, the automotive industry is anticipated to propel the growth of automated storage and retrieval system market in near future. Rise in demand for the electric car is the key driving factor for the growth of the automotive industry. The high initial share required for automated storage and retrieval system can limit the growth of the market. But, automated storage and retrieval system can improve the productivity and efficiency of the company and also reduces the labour cost.
Based on function, order picking segment is anticipated to grow with highest CAGR between forecast periods. Automated Storage and Retrieval System is broadly used for picking orders in warehouses, manufacturing plants, and distributions centres. This automated storage and retrieval system picks up the finished orders from the manufacturing plants and transports it to warehouses and distribution centre.
On the basis of type, Unit-Load is dominating the market. The Unit-Load automated storage and retrieval system (ASRS) market are designed for larger loads which are pallets or pallet-sized loads. Some of the systems are over 100 feet tall. Unit-Load ASRS systems are bigger systems that typically store pallet loads. Smaller systems which are usually called mini-load ASRS allow selection of items in totes, trays or cartons. The benefits of a fixed aisle system such as ASRS are the reduced space required and the compact labour needed to store and retrieve materials efficiently.
In terms of region, Asia Pacific automated storage and retrieval system market is estimated to register the highest CAGR growth during the forecast period. Increasing e-commerce industry is expected to trigger the growth of the automated storage and retrieval system ASRS market. The rising trend of online shopping, increased automotive industry, and innovation in consumer electronic products anticipates propelling the growth of the market.
Key players operating on the ASRS market are, Arkrobot, Automation Logistics Corporation, Bastian Solutions, Inc., Beumer Group, Daifuku Co., Ltd., Dematic GmbH & Co. Kg, Flexe, Inc., Green Automated Solutions, Kardex Group, Knapp AG, Kubo Systems, Mecalux S.A., Murata Machinery, Ltd., SSI Schaefer Group, Swisslog Holding AG, System Logistics Corporation, TGW Logistics Group GmbH, and Vanderlande Industries BV.
Scope of the Global Automated Storage and Retrieval System Market (ASRS)
Global Automated Storage and Retrieval System Market (ASRS), by Type
Key players operating in Global Automated Storage and Retrieval System Market (ASRS),
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Why globalists and frontier-market investors love Vietnam
It is cheap, and a refuge from the Sino-American trade-and-technology war
AT THE START of February, as the spread of a deadly virus in China became more threatening, Vietnam closed the border. Truckers could no longer ferry components and raw materials from China to local factories. This was a problem for Samsung, a South Korean hardware giant, which manufactures most of its handsets in Vietnam. It had just unveiled two new smartphones in America. It did not want to delay production. So it began to airlift vital parts from China.
The story is telling on two counts. Vietnam was swift in containing the spread of covid-19, with a fairly intrusive track-and-isolate strategy—the kind that only a one-party state may be able to implement. Its economy suffered, but has bounced back more sharply than most. It is one of just a few dozen countries where GDP is likely to grow this year. The story also underscores Vietnam’s status as a favoured venue for foreign direct investment (FDI). It is an established place for clothesmakers to set up. More recently it has become a key link in technology supply chains.
Vietnam is not just a darling of multinational firms. It is also beloved of investors in “frontier markets”, at the farthest edge of the equity universe. Such investors have few rags-to-riches economic stories to buy into. Vietnam looks like one of the more reliable ones. Indeed it is proving to be something of an each-way bet on globalisation. A big winner from the growth of world trade in recent decades, it is now a beneficiary from the geopolitical fallout from that growth.
Not so long ago Vietnam was one of the world’s poorest countries. In 1986 it launched its doi moi (“renovation”) reforms, which allowed for a greater role for market forces and the private ownership of enterprises. The economy was opened up to foreign trade and capital. Its low wage costs were an advantage, but hardly a unique one. So Vietnam also offered generous tax breaks to foreign companies that went there.
More recently a stable economy has added to its appeal, says Luong Hoang of Viet Capital Securities in Hanoi. The central bank has kept the dong fairly steady against the dollar. Stricter limits have been imposed on bank credit. Inflation has settled in the low single digits. Vietnam has further opened up to trade. It joined the World Trade Organisation in 2007. It has since signed deals with Japan and South Korea, two of the bigger investors in Vietnam. Last month it ratified one with the EU. And the FDI keeps rolling in. There have been biggish investments from China, Hong Kong and Singapore this year. It is the go-to place for the sort of production that has become too costly in China. It is also a refuge for companies that want to limit their entanglement in the Sino-American trade-and-tech battle.
There is an irony here. Vietnam’s economic strategy looks much as China’s once did: a lot of FDI; export-led growth; a steady climb up the value chain from textiles to tech. It is also prone to some of China’s vices, including a nexus of corruption, real-estate deals and bad debts. Still, Vietnam has attributes that once made investing in emerging markets so enticing and globalisation such a persuasive creed: a fast-growing economy, rapid urbanisation, improving infrastructure and an expanding middle class. Its array of listed companies—from banks and logistics firms to retailers and steelmakers—allows investors to gain exposure to these trends.
All this sounds lovely. But there is a catch. Vietnam imposes foreign-ownership limits on many home-grown companies. This is in large part why it is classed by MSCI, an index provider, as a “frontier” market, not an “emerging” one. A foreign investor who wants a stock that has reached the limit must buy from another foreigner. These off-exchange trades can take weeks to be arranged and approved, says Andrew Brudenell of Ashmore, a fund manager. A handful of stocks attract hefty price premiums. Shares in Mobile World, an electronics-cum-grocery retailer, recently changed hands among foreigners at a 51% premium to the on-exchange price, according to Viet Capital Securities.
The trade-oriented nature of Vietnam’s model means it is at the mercy of events elsewhere. However well it has handled the pandemic, there will be nerves about rising infections in America, its biggest export market. The government has dusted off infrastructure plans and relaxed land-use rules. Last month it approved a new $9.3bn tourist resort. Foreign investors, naturally, have a piece of that. ■
This article appeared in the Finance & economics section of the print edition under the headline “Lotus esprit”
Author: Jul 18th 2020
Bitcoin Trading Near Crucial Juncture: Here’s Why BTC Could Rally Above 100 SMA
Bitcoin is struggling to clear the main $9,200 resistance area against the US Dollar. BTC is likely to start a strong rally if it clears the $9,200 resistance and the 100 SMA (H4).
This past week, bitcoin extended its decline below the $9,200 support level against the US Dollar. BTC even spiked below the $9,050 level and settled below the 100 simple moving average (4-hours).
A low was formed near $9,022 and recently the price started an upside correction. It surpassed the $9,100 and $9,120 levels. There was a break above the 23.6% Fib retracement level of the recent decline from the $9,358 high to $9,022 low.
However, the price is now facing a strong resistance near the $9,200 level and the 100 simple moving average (4-hours). There is also a significant breakout pattern forming with resistance near $9,200 on the 4-hours chart of the BTC/USD pair.
Bitcoin price trades below $9,200: Source: TradingView.com
The triangle resistance is close to the 50% Fib retracement level of the recent decline from the $9,358 high to $9,022 low. A clear break above the $9,200 level and the 100 simple moving average (4-hours) is needed to start a strong rally in the coming days.
The next major resistance above the $9,200 level is near the $9,300 level. Any further gains is likely to start a steady uptrend towards the $9,500 and $9,550 levels.
If bitcoin fails to clear the $9,200 barrier and the 100 SMA, there is a risk of more losses. On the downside, the triangle support is near the $9,040 level.
The main support zone is near the $8,950 and $9,000 levels, below which there are high chances of a sharp decline towards the $8,650 and $8,500 levels.
4 hours MACD – The MACD for BTC/USD is slowly losing momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently struggling to clear the 50 level.
Major Support Level – $9,000
Major Resistance Level – $9,200
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Risk disclaimer: 76.4% of retail CFD accounts lose money.
Author: Aayush Jindal