scholarly journals POST-PANDEMIC ADAPTATION OF LUXURY RESTAURANTS

2021 ◽  
Vol 139 (5) ◽  
pp. 86-99
Author(s):  
MELNYCHENKO Svitlana ◽  
TKACHUK Tetiana ◽  
SHRAM Bohdan
Keyword(s):  
Negative Impact ◽  
Active Phase ◽  
World Market ◽  
Global Market ◽  
Restaurant Industry ◽  
Customer Base ◽  
Global Pandemic ◽  
The World ◽  
Significant Negative Impact ◽  
Consumer Habits

Background. The biggest losses during the global COVID-19 pandemic were in the restaurant business, in particular in the premium segment, which is the flagship of global market trends. New challenges of the external environment force enterprises to find innovative adaptation mechanisms for further development and competition in the market. The aim of the studyis to analyze, determine and predict the adaptability of the current state of the world market of restaurant services, in particular – luxury segment, in a viral pandemic. Materials and methods.The methodological basis of the research was statistical and graphical methods, which in combination allowed to analyze the dynamics of development and adaptability of luxury services in the global market of restaurant services. The information base for the study was the work of domestic and foreign scientists and Internet sources. Results.The state of the world market of restaurant services in pandemic conditions is investigated. Based on the analysis of world ratings and opinions of business experts, the issue of pandemic challenges of restaurants of various formats is substantiated, probable directions of changes and development of the world market of restaurant services are determined. To restart the operation of the restaurant business in the post pandemic period, adaptive mechanisms for its restoration and development have been identified, taking into account the features and requirements of the luxury services restaurant market. Conclusion. The COVID-19 pandemic has had a significant negative impact on the activities of most restaurant establishments of various formats, including premium segment restaurants. At the same time, the global pandemic crisis has provoked institutions to seek innovative adaptive approaches. During the period of destabilization and adaptive resumption of activities, the main priorities of institutions should be, first of all, updating operating procedures, updating the customer base to return them to the restaurant, adjusting the menu to change consumer habits and preferences, improving delivery service and more. Given the prognostic data of world experts on the future of the restaurant industry in post-pandemic conditions, the modern restaurant business is in an active phase of its restart and innovative development. Keywords: premium segment restaurants, luxury service, fine dining, digitalization of business, the global market of elite restaurant services, pandemic COVID-19, Michelin star, adaptive development mechanisms.

scholarly journals MACROECONOMIC ASPECTS OF THE ANALYSIS OF THE WORLD MARKET OF SPACE PRODUCTS AND SERVICES

2019 ◽  
pp. 77-81
Author(s):  
A. Krishtofor
Keyword(s):  
Russian Federation ◽  
World Market ◽  
Global Market ◽  
International Competition ◽  
Organizational Characteristics ◽  
Space Industry ◽  
Space Activity ◽  
The World ◽  
The Russian Federation ◽  
Global Patterns

The main organizational characteristics of the world space industry in the context of increased international competition have been determined. The most characteristic changes in the global market of space products have been identified. The methodology of the analysis of the world market of space products and services has been presented. As a result of the analysis of the successful international experience in the development of the space industry and the trends of the world space activity, the global patterns, that need to be taken into account in the implementation and planning of measures to improve the competitiveness of space activity of the Russian Federation have been revealed.

scholarly journals Modern trends of the world market of electrical equipment

2021 ◽  
pp. 5-9
Author(s):  
Tetiana AVERIKHINA ◽  
Maryna BURIACHENKO ◽  
Valeriia VASYLIEVA
Keyword(s):  
Renewable Energy ◽  
Smart Grid ◽  
Distribution System ◽  
Distribution Systems ◽  
Renewable Energy Sources ◽  
Electrical Equipment ◽  
World Market ◽  
Global Market ◽  
The World ◽  
Transmission And Distribution

Introduction. The world market of electrical equipment is developing very fast. There are many companies in the market that sell electrical equipment, among them there are companies that occupy leading positions. Today, the world market of energy engineering is estimated at 87 billion dollars per year, based on the structural dynamics of growth, the annual volume can reach 110-115 billion dollars per year until 2025. The global market for energy equipment service in 2020 is 31.7 billion dollars, including: LTSA (long-term service) 47 %, modernization – 20 %, field service – 24 %, engineering – 9 %. The purpose of the paper is to analyze the world market of electrical equipment, determine sales, business growth. The list of leaders in electrical equipment on the world market is considered. Results. The main trends in the world today are the following areas: development of DC transmission system, cable lines for underwater laying and cable for connections of renewable energy sources to reduce energy transmission costs through the capabilities of existing transmission lines, through network voltages and innovative design solutions and installation methods. The amendment for these trends shows us the world leaders in the electrical market, such as Legrand, Schneider Electric, ABB, Siemens, DEKraft, SASSIN, EKF, etc., R&D costs are 3.5–5 % of profits (over 60 years). Thus, we can conclude that the global market for cable networks is developing rapidly. This market is expected to grow in the development of smart grid technologies, renewable energy generation and initiatives to modernize the transmission and distribution system. Conclusion. That the global cable ladder market is developing rapidly. This market is expected to grow in the development of smart grid technologies, renewable energy cultivation and government initiatives to modernize transmission and distribution systems.

scholarly journals Construction of modern and high-tech agricultural temporary vegetable storehouses

2020 ◽  
pp. 1-1
Author(s):  
Vladislav Ushakov ◽  
Artem Subbotin ◽  
Dmitry Lisin
Keyword(s):  
Agricultural Production ◽  
Negative Impact ◽  
World Market ◽  
High Tech ◽  
Winter Period ◽  
Agricultural Industry ◽  
Advantages And Disadvantages ◽  
The World ◽  
Quality Of Products

Introduction. This article addresses the question of existing problems of development of construction industry in agriculture. Outdated old construction technologies and building structures give a reason for optimization and introduction of modern technologies in agricultural production. The outdated technologies of agricultural construction have a negative impact on the position of agricultural industry in the world stage of trade and economy of countries, while optimization and inevitable modernization of agricultural production and construction allow securing a foothold in the world market. Aspiration to take the lead in the world market is one of the most important tasks of agricultural industry. The agricultural industry also plays an oversize role in human life and the health, efficiency, development and activity of citizens depend directly on the quality of products delivered to the shop windows. This scope of research of this article is a comparison of traditional, temporary, field vegetable storehouses operating in winter time with modern technology of construction of these facilities in terms of technology, efficiency, environmental friendliness, mobility, availability, functionality and profitability. Materials and methods. In the course of this work, the following research methods were used: familiarization with the relevant statutes and regulations related to the study area, comparison of traditional and modern methods of vegetable storage in the field environment during the winter period and identification of the main advantages and disadvantages. Results. The positive and negative sides of the design and methods of construction of modern and traditional outdated technology have been revealed, as well as optimization of construction solutions necessary to ensure conditions for maintaining the quality of products in due form. Conclusions. Modern construction concepts and development of agricultural construction is an important area that allows provoking the trend of economic growth of countries, to take a leading position in the world market, to improve the quality of life of citizens, to improve the ecological system of the area and develop business activities.

scholarly journals METHODOLOGY OF FORMING COMPANY BRAND PROMOTION STRATEGY USING INTERNET MARKETING TOOLS

2018 ◽  
pp. 23-28 ◽  
Author(s):  
Svetlana Stanislavovna Chebotareva ◽  
Elena Gennadievna Gushchina
Keyword(s):  
Information Technologies ◽  
Internet Marketing ◽  
World Market ◽  
Global Market ◽  
Global Network ◽  
The Internet ◽  
Promotion Strategy ◽  
Market Interaction ◽  
Stage Of Development ◽  
The World

At the present stage of development of the world economy, international companies compete in constantly changing conditions, which actualizes the problems of promoting their brands to domestic and foreign markets. Internet marketing is an effective tool that allows companies to successfully achieve their goals in the conditions of global competition. Today, information technologies assist in emerging the new types of business and new methods of promoting the company's brand into the global market via the Internet. Using the opportunities of Internet marketing as a new type of market interaction for selling goods and services in the world market allows to reduce costs and accelerate the introduction of innovations, and also contribute to improving the quality of services with better satisfaction the customers’ needs. To successfully promote the company's brand in the Internet, it is necessary to analyze the current situation, identify the goals and tools for realization of necessary strategy, tactics and control. Presently, use of the Internet in order to promote the brand is a necessary solution for business development. The global network allows to form a winning reputation of the company, increase recognition of its branded products and services.

scholarly journals Reviewing the Global Smartphone Industry Strategic Implication in Response to COVID-19 Situation

2021 ◽  
Vol 15 (14) ◽  
pp. 169
Author(s):  
Samsul Alam
Keyword(s):  
Negative Impact ◽  
World Health ◽  
Smart Device ◽  
Entertainment Media ◽  
Global Pandemic ◽  
Strategic Approach ◽  
Significant Negative Impact ◽  
Current Scenario ◽  
Health Organization ◽  
The Impact

<p>The global smartphone brands were progressing aggressively over time. A sudden unexpected turbulent situation known as a global pandemic declared by the World Health Organization (WHO) about a century later in the history of human civilization stops this progress. It makes the industry bound to fall behind. This study aims to review and analyze the impact of the present pandemic situation due to Coronavirus Disease 2019 (COVID-19) on the global smartphone industry. It shows its competitive scenarios focusing on smartphone demand and supply. Thus, the study suggest a strategic approach to combat this situation. It is done by reviewing the latest literature published explicitly in 2020. The findings of this study reveal a significant negative impact of COVID-19 on global smartphone brands, primarily especially in the big markets of this industry, namely China, India, USA, Europe. Conversely, it can also positively impact the industry, especially in some developing countries. The positivity is seen due to the expanded demand for smartphones in some sectors like education, business, and entertainment media shifted online, triggering the user’s need to purchase a new smart device. Lastly, based on the understanding of the current scenario, some strategic approaches are discussed, and appropriate solutions are given for the industry to cope up with the pandemic crisis and, at the same time, how to attain success. The strategic directions given at the end can be applied to the industry’s sustainability and growth.</p>

scholarly journals PERTUMBUHAN MINI MARKET SEBAGAI SALAH SATU BENTUK PASAR MODERN

2017 ◽  
Vol 2 (1) ◽  
Author(s):  
Yenli Megawati
Keyword(s):  
Interest Rates ◽  
Economic Crisis ◽  
Negative Impact ◽  
The Other ◽  
Traditional Markets ◽  
Job Opportunities ◽  
The World ◽  
Traditional Market ◽  
Store Environment ◽  
Consumer Habits

<p><em>The concept of Store Environment have become something of a trend around 1990 until now especially since economic crisis and interest rates on deposit accounts are not so attractive anymore besides shifting in consumer habits. The growth of mini markets as a business that adopts this concept has become really high in many parts of the world especially in Indonesia. The growth of mini markets have negative  impact on local business or traditional markets but on the other hand, it also has positive impacts on job opportunities for community.</em><strong></strong></p><p> </p><p><strong><em>Keywords</em></strong><strong>: </strong><em>modern market, mini markets, franchises, traditional market</em></p>

Current state and trends in the global grain market

2021 ◽  
Author(s):  
Ekaterina Gennadievna Rybinskaya
Keyword(s):  
World Market ◽  
Food Markets ◽  
Individual Country ◽  
Current State ◽  
Global Pandemic ◽  
Livestock Sector ◽  
The World ◽  
Grain Market ◽  
Important Position ◽  
The Impact

Food production and agriculture play a key role in providing the world’s population with food. A special place in the world food market is given to the grain complex, which occupies an important position in the system of world agri-food markets and is a strategic branch of the national economy of each individual country. This article assesses the current state and conjuncture of the world grain market based on the analysis of statistical data on the production, consumption, trade and prices of cereals, as well as on the basis of studying reviews and reports of leading analytical agencies, in particular FAO reports. In view of the relevance of recent events related to the experienced global economic shock, an assessment of the impact of the global pandemic on the world grain market is given. The forecasts of further growth of the world grain market and the subsequent position of its leading participants are presented. It is concluded that the markets for major cereals are well secured, the outlook for global production and consumption is generally positive, and that cereal trade is expected to grow, but at a slower pace. Large exporters and importers of cereals will maintain their leading positions with some possible changes in their participation shares. The main trends in the development of the world market for cereals are listed and disclosed, associated mainly with population growth, increased yields, changes in consumption patterns, expansion of the livestock sector, technological progress, the functioning of global value chains and the actions of large participants in relation to state and tariff regulation of the grain complex.

PLANNING OF RESOURCE PROVISION OF EXIT FROM THE CRISIS OF THE ENTERPRISES OF THE HOTEL AND RESTAURANT

2021 ◽  
Vol 296 (4) ◽  
pp. 110-113
Author(s):  
IVAN VLASENKO ◽  
Keyword(s):  
Government Intervention ◽  
Negative Impact ◽  
Restaurant Industry ◽  
Business Sector ◽  
Social Standards ◽  
Indirect Impact ◽  
Significant Negative Impact ◽  
Complex Regulation ◽  
The Impact ◽  
Small And Medium Business

The article analyzes the impact of the COVID-19 pandemic on the functioning of small and medium-sized businesses in the hotel and restaurant industry. The hotel and restaurant business in Ukraine suffers the most from the restrictions imposed due to the spread of the virus. The established restrictions have both direct and indirect impact on the functioning of small and medium-sized businesses in the hotel and restaurant industry. It is shown that due to the introduced restrictions, the share of the hotel and restaurant business sector in the gross domestic product of Ukraine has significantly decreased, employment in this sector has decreased. During the quarantine restrictions, the hotel and restaurant business faced a number of problems: low access to finance; loss of access to markets; complex regulation and tax pressure. To overcome the problems facing the small and medium business sector in the hotel and restaurant sector, it is necessary to maintain business activity and jobs; increase institutional capacity to operate in markets. Quarantine measures have created a significant negative impact on the work of the small and medium business sector, which may be exacerbated in the absence of government intervention. Quarantine measures have created a significant negative impact on the work of SMEs, which may be exacerbated in the absence of government intervention. A significant problem for the hotel and restaurant business is the rapid restructuring in accordance with the new social standards in a pandemic, which will allow to work and make a profit, as well as to protect their customers from the risk of infection and minimize the threat of COVID-19. The article outlines a number of major problems faced by the hotel and restaurant business during quarantine restrictions and tasks that need to be addressed to overcome them.

Does cultural value affect board efficacy? Insights on international corporate governance

2017 ◽  
Vol 59 (6) ◽  
pp. 1257-1268 ◽  
Author(s):  
Mohammad Nurunnabi
Keyword(s):  
Corporate Governance ◽  
Negative Impact ◽  
Positive Impact ◽  
Religious Diversity ◽  
Cultural Value ◽  
Corporate Ethics ◽  
Content Type ◽  
The World ◽  
Governance Practices ◽  
Significant Negative Impact

Purpose This study aims to investigate how culture can either reinforce or attenuate the board efficacy (a key element of corporate governance). Design/methodology/approach The study uses the data from the World Economic Forum (2006-2014) of 69 countries. The data were restricted to 69 countries because Hofstede et al. (2010) provided cultural value data from 111 countries. However, the data from 42 countries were incomplete for Hofstede et al.’s four dimensions. Findings The study is the first to show that more religious diversity has a significant negative impact on stronger board efficacy in evaluating corporate governance practices. The results also indicate that more uncertainty avoidance in a country has a significant negative impact and corporate ethics and auditing standards have a positive impact on board efficacy. Originality/value The study extends Hofstede et al.’s (2010) cultural value by incorporating religious diversity and corporate ethics as cultural variables in explaining board efficacy in corporate governance literature. The Organisation for Economic Co-operation and Development, the World Bank and the International Monetary Fund should focus on cultural factors while developing a single set of Corporate Governance Code worldwide.

scholarly journals Integration and the Diplomatic Crisis: Current Realities of the GCC

2020 ◽  
Vol 13 (2) ◽  
pp. 163-182
Author(s):  
L. V. Shkvarya
Keyword(s):  
Middle East ◽  
Economic Integration ◽  
Negative Impact ◽  
World Market ◽  
Regional Economic Integration ◽  
Mena Region ◽  
Regional Economic ◽  
Political Processes ◽  
Gcc Countries ◽  
The World

The article analyzes the integration process in the Gulf Cooperation Council group countries (GCC), which was founded in 1981. Regional economic integration in the GCC has passed through the several traditional stages: the Free trade zone, the Customs Union and the Common market. Certain exceptions remain in the GCC integration, but the countries aim to create a full economic Union by 2025. Currently, the GCC is one of the most advanced and successful integration associations in developing countries. However, the GCC is the only truly functioning integration bloc in the MENA region. The author's analysis confirms that the share of intraregional trade is growing in the GCC, but this share is less high than in other integration blocs. The author emphasizes that the GCC countries have significant success in the world market of goods and capital. The GCC trade turnover is growing steadily, although it depends on fluctuations in world oil prices. The GCC region attracts a lot of foreign investment and technology. This allows them to continue to diversify their national economies. The level and quality of life in the GCC is improving. These and other achievements are largely the result of regional economic integration and cooperation between countries in various areas on the world and regional markets. At the same time, the GCC is one of the most strategically important regions in the world economy and politics. Economic and political processes are influenced by many factors, both internal and external. Therefore, there are many contradictions in the GCC, and sometimes crisis situations are formed. One of them is the current "diplomatic crisis". It began in 2017 and has so far created numerous problems in the region and in the Arab world as a whole. It also has a negative impact on the development and deepening of integration processes. The author analyzed statistical data for 2009-2018 and justified the conclusion that the "diplomatic crisis" damages intraregional trade, reduces the dynamics of macroeconomic indicators, and worsens the position of the GCC countries in the world market of goods and capital. It also creates difficulties for citizens of GCC countries and companies that operate in the region. Now GCC countries should develop a mechanism to de-escalate the crisis, as this is in the economic and political interests of all participants and the Middle East as a whole. The relevance of the research is due to the need to analyze regional economic integration processes in the subregion in the context of growing global instability. The research makes a significant contribution to understanding the nature and features of integration processes in the Middle East.

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