Category Archives: Australia

Australia-India-Japan-U.S. Consultations On The Indo-Pacific

U.S. Department of State

U.S. Department of State

Department of State officials met with senior officials from Australia’s Department of Foreign Affairs and Trade, India’s Ministry of External Affairs, and Japan’s Ministry of Foreign Affairs on November 12, 2017 in Manila to discuss their shared vision for increased prosperity and security in a free and open Indo-Pacific region. The officials examined ways to achieve common goals and address common challenges in the region, such as: upholding the rules-based order in the Indo-Pacific, including freedom of navigation and overflight, respect for international law, and the peaceful resolution of disputes; increasing connectivity consistent with international law and standards, based on prudent financing; coordinating on counterterrorism and maritime security efforts in the Indo-Pacific; and further cooperating to curtail the DPRK’s nuclear and missile programs and unlawful acts. The quadrilateral partners committed to deepening cooperation, which rests on a foundation of shared democratic values and principles, and to continue discussions to further strengthen the rules-based order in the Indo-Pacific region.

The Australian Food & Grocery Council (AFGC) And GRA Have Released An Abridged Version Of The 2016 Supply Chain Survey Report

The Australian Food & Grocery Council (AFGC) and GRA have released an abridged version of the 2016 Supply Chain Survey Report, a biennial review of the key issues, opportunities, challenges, and emerging trends for supply chain executives across the Australian Food & Grocery sectors.

Key findings of the report include:

Key Financial Metrics a mixed bag

Finished goods inventory levels and write-off costs have improved and logistics costs have stabilized but cash conversion rates continue to worsen, despite the positive direction of inventory levels

  • Finished goods inventory levels have declined
  • Logistics costs have stabilised
  • Write-off costs as a percentage of COGS are reducing
  • Cash conversion cycles are continuing to worsen

KPIs trending well

Service levels and forecast accuracy have improved, reflecting the priority on increased customer satisfaction for 84% of respondents.

  • Delivered In-Full, On-Time (DIFOD) improved across the board for all retailers
  • Forecast accuracy reportedly increased versus prior years
  • 25% of companies with over $500m in revenue do not formally measure their performance with the major trading partners

Collaboration works—when it’s done right

Whilst collaboration isn’t consistently performed across the industry, respondents indicated that it has benefits service levels to a great or moderate extent over 60% of the time.

  • 46% of respondent said improved collaboration offers the greatest opportunity for supply chain improvement
  • 88% of organisations have a S&OP process that informs planning decisions
  • On shelf availability, given its rated importance, stood out as a large concern

Supply chain war for talent

Recruitment is becoming more difficult, and filling roles typically takes between 3-5 months. As well as sourcing externally, organisations are planning to grow capability internally by investing in supply chain training or education in the next year but a lack of formally training programs continues to be a problem.

  • 73% of organisations having a dedicated supply chain representative on the executive team
  • Specialist and boutique recruitment firms reported as the most successful recruiting method
  • 49% of respondents say it’s getting increasingly more difficult to recruit

GRA Partner, Luke Tomkin said:

“Rapidly expanding customer expectations and narrowing retailer margins are placing pressure on FMCG suppliers both within Australia, and across the globe. This squeeze is not new – for some time FMCG businesses in Australia have faced a market where the requirements and expectations of its customers have risen.”

“The AFGC Supply Chain Survey is so timely and important. It provides us with an insight into industry trends and customer expectations, it provides a safe harbour to collaborate with sometimes competing businesses, and it provides a platform to work together for the mutual benefit of all players; the consumer, the retailer and the supplier.”


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Environment Ministry Notifies Stricter Standards To Minimize Pollution

The Ministry of Environment, Forest & Climate Change has notified the revised standards for coal-based Thermal Power Plants in the country, with the primary aim of minimizing pollution. These standards are proposed to be implemented in a phased manner. Thermal power plants are categorized into 3 categories, namely those:- (i) Installed before 31st December, 2003 (ii) Installed after 2003 up to 31st December, 2016 and (iii) Installed after 31st December, 2016.

The new standards are aimed at reducing emission of PM10(0.98 kg/MWh), sulphur dioxide(7.3 Kg/MWh) and Oxide of nitrogen (4.8 kg/MWh), which will in turn help in bringing about an improvement in the Ambient Air Quality (AAQ) in and around thermal power plants.

IRW-Press: migme Announces Partnership With Sony Music India

migme Limited (“migme” or the “Company”is pleased toannounce a partnership with Sony Music Entertainment India Private Limited(“Sony Music India”), providing the Company with a broader portfolio of artistsahead of an expansion of its presence into India.

Over the coming months, Sony Music India will bring several new artists onto the migme platform, where they can engage in a range of digital activities including the posting of music, images, video, contests, campaigns and live chat. They can also engage in offline activities that may include appearances, performances and interviews. With this new fan base onmigme, Sony Music India artists will receive a share of revenue generated from the sale of virtual goods and gifts via their engagement.

migme Limited CEO Steven Goh said: “This is a valuable new partnership formigme as we continue with our expansion into India. We look forward to working with Sony Music India as we grow our reach and plan to execute to a larger programme later this year.”

Shridhar Subramaniam, Sony Music President, India and Middle East, said:migme will be a new social media channel for our local artists and bands in India where fans will be able to deeply engage with them. We believe fans are what keep artist’s alive, music keeps them connected and migme will help stitch them both together.

Earlier this month migme announced an initial move to expand its successfulartist engagement programme into India through a partnership with CAA Kwan, one of the country’s largest celebrity and sports management agencies.

Media contacts

Australia/Asia

Luke Forrestal

Mobile: (+61) 411 479 144

lforrestal@canningspurple.com.au

migme Limited

ABN 43 059 457 279

13/36 Johnson Street, Guildford, Western Australia 6055 

Telephone: +61-8-9378 1188

About migme Limited

migme Limited (ASX: MIG | WKN: A117AB) is a global digital media company focused on emerging markets. We deliver social entertainment services through mobile apps migme and LoveByte, artist management websitealivenotdead and ecommerce services through Sold. The Company is listedand registered in Australia. Headquarters are in Singapore with offices in Malaysia, Indonesia, Taiwan and Hong Kong. For more information, please visit http://company.mig.me

IRW-Press: Migme Expands Artist Engagement Program Into India

Migme Limited (“migme” or the “Company”) is pleased to announce the expansion of its artist engagement program into India, through the initialsigning of seven artists. The move is a precursor to a larger commitment to thecountry.

Through CAA Kwan, one of India’s largest celebrity and sports management agencies, migme has signed an initial seven artists; composer Pritam Chakraborty and singers Sreeram Chandra, Nakash Aziz, Monali Thakur, Akriti Kakkar, Aditi Singh Sharma and Natalie Di Luccio.

Following the success of migme’s artist engagement program in Indonesia and Nepal and its recent expansion into the Philippines, this deal marks afurther geographical expansion for the Company consistent with migme’s focus on emerging markets.

migme Limited CEO Steven Goh said: “With its population of 1.2 billion people, we are very excited to be moving into India. We believe our artist engagement program will prove a successful way of growing our user base and reach in the country.”

In the May 2015 KPCB Internet Trends 2015 – Code Conference* report, India was reported as the fastest growing Internet country in the world with 63 millionnew Internet users added in 2014. India is also more mobilised, with 65% of Indian Internet traffic and 41% of Indian e-commerce occurring on the mobile platform.

The new Indian artists will be able to create a fan base on migme and engage with fans through blog posts, interviews, photos, videos and contests. The artistswill share in revenue generated through the purchase of virtual gifts and other premium interactions by fans, via both the mobile and web platforms.

Pritam Chakraborty, the music composer that has signed on with migme, said:“I’m excited about the changes migme is bringing to the Indian music scene with their digital platform and app, where I’ll be able to engage with music lovers in a deeper and friendlier way. I’m very much looking forward to that.”

This is the first step into India, with a larger program to follow in the second half of the year.

* http://www.kpcb.com/internet-trends

Media Contacts:

Australia/Asia

Luke Forrestal

Mobile: (+61) 411 479 144

lforrestal@canningspurple.com.au

About migme Limited

migme Limited (ASX: MIG | WKN: A117AB) is a global digital media company focused on emerging markets. We deliver social entertainment services through mobile apps migme and LoveByte, and artist management website alivenotdead. The Company is listed and registered in Australia. Headquarters are in Singapore with offices in Malaysia, Indonesia, Taiwan and Hong Kong.For more information, please visit http://company.mig.me.

migme Limited ABN 43 059 457 279

13/36 Johnson Street, Guildford, Western Australia 6055

Mailing Address; PO Box 566, Belmont, Western Australia, 6984, Telephone: +61-8-9378 1188.

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