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Editor’s Blog by Anna Domanska
Uninteresting as it may seem to be, but America’s groundbreaking energy revolution of newly found shale gas and shale oil, the U.S. is on its way to become No. 1 energy producer in the world. This month’s cover story has an account of The U.S. is overtaking Russia as the world’s largest producer of oil and natural gas, a startling shift that is reshaping markets and eroding the clout of traditional energy-rich nations. Companies from the U.S. and abroad have invested or are planning to invest billions of dollars through the rest of the decade in plants that would churn out chemicals, fertilizers, plastics, metals and fuel from gas. Though we are inclined towards sustainable energy, the Oil and Gas revolution seemed to be carving a new Milestone in the history of US Economy. Hence, the cover story. Ever wondered who are the owners of the most expensive diamonds in the world? In our popular feature ‘larger than life’ we have tried to include about 10 diamond owners who are the proud owners of the world’s most expensive diamonds. All this and more..
Anna Domanska Editor-in-Chief, Industry Leaders Magazine 03 / Industry Leaders Magazine / October 2013
The Team Editorial Anna Domanska, Editor-in-Chief
Christy Gren, Sub-Editor
Richard Dean, Associate Editor
Aubrey Change, Associate Editor
Design Kevin Paul Sr. Grahpic Designer
Nisha Dhamecha, Graphic Designer
Project Management Tony Raval Project Director
Jay Raol Project Director
Marketing Jason Miller Sr. Project Director
Technology John Hancock Head - Web Department
Le Manh Coung, Sr Sofrware Coordinator
Julia Hunt, Magazine Production
Finance Control R R Baratiya
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Contents Features
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22 12
22
32
Latest In Business
Leader Talk
Mergers & More
Over the last several years, Microsoft has been modifying the design of its product names to be more in line with each other, with a cleaner and sleeker style.
Success is most commonly understood as making a lot of money or having a stellar career in business, sports or entertainment.
eBay Inc. is an American multinational internet consumer-toconsumer corporation, headquartered in San Jose, California.
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50 50
65 65
78
Cover Story
Larger Than Life
The WOW Quotient
The rapid increase in shale gas and tight oil in the US constitutes nothing less than a revolution in oil and natural gas.
Rough diamond prices have increased nearly a third since 2005 and are likely to go up another 20 % by 2017.
A couple of years back, It was hard to explain Facebook’s business model, but there was just one reasonable correlation.
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CONTENTS FEATURES
90 90
Better Business Destination
102
Event & Tradeshows
A resource for tracking and building startups, formed a list of the world’s leading high-tech cities for startup entrepreneurs. Tel Aviv precedes New York, which only made it to the fifth place, Los Angeles (3) and London (7). So well known is the country’s start-up scene. 08 / Industry Leaders Magazine / October 2013
Twitter announced on its blog post late Monday that it has bought digital ad exchange MoPub. According to a technology blog, Twitter has paid around $350 million in stock for the start-up. MoPub which serves 2 billion ads a day is a mobile advertising network, ad serving business, and also a real time bidding exchange that claims to handle around $100 million annual spending on apps and other mobile media. 10 / Industry Leaders Magazine / October 2013
MoPub automates buying and selling mobile ads, part of a movement in the digital ad industry towards “programmatic advertising,� or the computerized buying and selling. MoPub has built an ad exchange through which mobile publishers and app developers can sell ads, and mobile advertisers can purchase ads in real time. This deal means Twitter is moving into being a middle man for ad sales across the mobile landscape, not just sellers of ads on its own properties. Twitter could apply MoPub’s programmatic ad technology to enhance its mobile ad revenues as the company gears up for an expected initial public offering in 2014. A MoPub deal would help Twitter specifically in the area of mobile advertising, an area where Twitter appears to be doing quite well already. 11 / Industry Leaders Magazine / October 2013
A Toronto-based company called Bionym Inc. has invented a new wristband popularly called as Nymi Bracelet that confirms user’s identity through their own heartbeat and then communicates the authentication to their devices such as cars, phones, computers and other nearby devices that belong to the user. Security experts and companies are increasingly turning to our internal features as an alternative method of authentication, and one of the latest developments in this field is the Nymi wristband. 12 / Industry Leaders Magazine / October 2013
The Nymi Bracelet executes as a three-factor security system. It requires your personalized Nymi wristband, your unique heartbeat, and a smartphone or device that has been registered to the app. This system monitors the unique pattern of the wearer’s heartbeat. The convenient and guaranteed authentication is enabled through an embedded electrocardiogram (ECG) sensor. When the Nymi wristband recognizes your personal ECG, it then communicates your identity to your devices. The activated Nymi Bracelet can be used to access to all registered devices, completely bypassing passwords and PINs. The Nymi can be pre-ordered on 4 September 2013 for $79 (£50) for the first 250,000 orders, with worldwide shipping at a flat rate of $10.Orders will be limited to four wristbands per customer. After the first run of 25,000 units is sold out, the price will switch to $99 (£63), with shipment beginning in early 2014. 13 / Industry Leaders Magazine / October 2013
Over the last several years, Microsoft has been modifying the design of its product names to be more in line with each other, with a cleaner and sleeker style. Microsoft has just unveiled a redesigned logo for its search engine, along with a changed, new homepage design, which is aimed to integrate the “One Microsoft” vision. The brand features a simpler typeface “created to be simple, real and direct” that better matches the font used on other Microsoft products, Scott Erickson, senior director, brand and creative at Microsoft, wrote in a blog post. 14 / Industry Leaders Magazine / October 2013
One of the keys to Microsoft’s new approach is Page Zero which is aimed at getting users more useful answers to queries without waiting to receive a traditional page of search results. Building on to the traditional autofill suggestion that appears as user’s type their queries, Bing will also immediately provide necessary information and options for exploration as users input their query. Bing has introduced a new feature called Pole Position at the top of the page for “high-confidence” queries, in which it’s confident that it has clear data related to a user’s intent. The new feature is designed to quickly answer questions like what the weather is in a certain city, with the temperature appearing in big type so one sees it instantly. 15 / Industry Leaders Magazine / October 2013
BlackBerry officially introduced its latest touchscreen smartphone the BlackBerry Z30, the latest model that features a 5-inch display, a larger battery, stereo speakers and this is also the first device to run the 10.2 version of its BlackBerry 10 operating system. In spite of the buzz that filled about the launch BlackBerry chose a low key format to unveil the Z30 without involving any major press conference like the Z10 launch that had multiple global locations. The announcement comes as Apple released iOS 7, and the launch the New iPhone 5C and New iPhone 5S this Friday. 16 / Industry Leaders Magazine / October 2013
The launch of Z30 comes amid speculation that BlackBerry is actively exploring other options, which is the board is looking to sell the company off by November. Speculations are rife about partnerships and joint ventures. Concerns have been raised on BlackBerry’s viability after a slow first quarter, which saw very low number of BlackBerry 10 devices being sold. The company will declare its fiscal second-quarter results around next week. Rumors about layoff have only heightened those fears. BlackBerry said the Z30 is the fourth of BlackBerry’s BlackBerry 10 devices, following the Z10, Q10 and Q5 and rounds out the BlackBerry 10 portfolio. 17 / Industry Leaders Magazine / October 2013
The Environmental Protection Agency urged to limit greenhouse-gas emissions from new power plants, the biggest source of carbon dioxide that linked to climate change. The Obama administration plans to take a major step to combat climate change. The EPA plans to unveil its proposal to cap the amount of heat-trapping greenhouse gas emissions from new power plants. Reports suggests the rules would direct that recently built, coal fired plants meet pollution standards by installing new technology to capture and bury emissions of carbon dioxide, the greenhouse gas that is directly linked to climate change. Coal powered plants require costly carbon-cutting technology. 18 / Industry Leaders Magazine / October 2013
Gina McCarthy, the administrator of the Environmental Protection Agency will announce the proposed regulations at the National Press Club. The rules will permit emissions from modern power plants at 1,000 pounds of carbon dioxide per megawatt hour, which is about the level for a new natural-gas plant. Industry officials say in an average the advanced coal plant at present discharges about 1,800 pounds of carbon dioxide in an hour. “New power plants, both natural gas and coal-fired, can minimize their carbon emissions by taking advantage of modern technologies,” Ms. McCarthy will say today, according to her prepared remarks. “Simply put, these standards represent the cleanest standards we’ve put forth for new natural gas plants and new coal plants.” 19 / Industry Leaders Magazine / October 2013
Social media platform Pinterest is about to introduce advertising in the form of “promoted pins� in search results and category feeds. The company is looking forward to finally monetize the site while it continues to grow in popularity. It believes that the monetization of its services will help push the firm forward. The four year old firm proclaimed that it is not going to bombard users with banner advertising, however it will offer loosely targeted pitches based on certain factors. 20 / Industry Leaders Magazine / October 2013
“We’re going to start experimenting with promoting certain pins from a select group of businesses,” Pinterest CEO and co-founder Ben Silbermann announced in a blog post Thursday. “For our first test, we’ll promote a few pins in search results and category feeds. For example, a pin for a Darth Vader outfit from a costume shop might be promoted in a search for ‘Halloween.’ Nobody’s paying for anything yet we want to see how things go and, more than anything, hear what you think.” Silbermann stressed that the promotions would be “tasteful… transparent… and relevant”, and the system would be subject to change over time based on user feedback. At the moment the company is offering the trial scheme to selected advertisers for free. 21 / Industry Leaders Magazine / October 2013
Well, we all want to be successful, right?
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Success is most commonly understood as making a lot of money or having a stellar career in business, sports or entertainment. However, success can equally mean being successful at a hobby or learning a new skill, successfully raising great children, being a wonderful spouse, successfully fighting a disease or caring for and supporting others. Success is whatever you want it to be. You define what it is you would like to succeed in. No matter whether you want to be successful in your career, or in anything else, there is one thing you should always do: Make mistakes and learn from them!
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In my last post ‘The One Thing Successful People Never Do’ I talked about the importance of perseverance in pursuing your dreams and not giving up. I provided many examples of how successful people including Walt Disney, Bill Gates, J.K. Rowling and Steve Jobs failed along their way to success. Many of them failed numerous times before they became successful. For example, Henry Ford went bankrupt with his first attempt to build a car, got sacked from his second venture, before he finally made it in his third attempt. Another example is provided by serial-entrepreneur Richard Branson who has a massive array of failed business ventures to his name including Virgin Cola, Virgin Vie, Virgin Clothes, Virgin Cars, Virgin Brides, Virgin Flowers, among others. What Branson shows is that he never gave up on his overall dream but that he was (and still is) able to admit mistakes (quit the ventures that don’t work) and take away lessons that will make any future ventures more likely to succeed.
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Let’s look at the importance of learning from mistakes in a little more detail. We as society usually view mistakes as negative. We are often fearful of making and admitting mistakes because it makes us look weak, vulnerable or stupid. Instead, we should see mistakes as one of the most important stepping-stones to success! Making mistakes should be seen as something positive because it often means we have tried something new or difficult, but didn’t get it quite right the first time round. Oprah Winfrey got fired from a TV job in her early career because she was seen as ‘unfit for television’ and Walt Disney got fired for ‘not being creative enough’! They had a choice: Give up on their pursuit of success or persevere and learn from their mistakes.
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But even more fundamentally: mistakes help us learn anything. Without mistakes there would be no progress and no success. We all know that when babies first learn to walk they will fall over many times and make many missteps. Learning from these experiences helps them to eventually balance properly and walk. We all make mistakes, some bigger and some smaller, and they help us to learn. The problem is that we often put ourselves down for making mistakes. We feel stupid and embarrassed, especially when the mistakes were big. However, the bigger our mistakes the more memorable they are for us, which in turn means that the learning from them is also bigger. I am sure you are like me and remember many embarrassing mistakes we have made throughout life and because they were embarrassing we will always remember them vividly. This also means that they have taught us memorable lessons that will prevent us from making the same or similar mistakes again. I believe that we have to change our attitudes to mistakes so that mistakes become something we no longer are ashamed of. Instead, we should encourage people to make mistakes and admit mistakes. Especially in business we seem to view mistakes as something very negative. Companies want to see clean-cut CVs that don’t mention any mistakes or missteps and bosses often punish or ridicule employees for making or admitting mistakes. I like and respect people that show they have made mistakes. It tells me that they have tried and hopefully taken away valuable lessons that ensure they never make the same mistake again.
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In my job of helping executive teams improve the performance of their businesses I see many different leadership styles. I have to say that the best leaders are those that allow employees to make mistakes. They take away the fear of admitting mistakes and instead give people support so they can take risks and learn from mistakes. I find that the same also applies to good coaches, good parents, good teachers, etc. They all understand that everyone makes mistakes and that it is best to create an environment in which it is safe to make and admit them. Of course, it is not acceptable to make the same mistakes all over. Successful people are not afraid of making mistakes but they don’t make the same mistake twice. Take Thomas Edison’s attitude to mistakes during his quest to develop the light bulb: “I have not failed, I’ve just found 10,000 ways that won’t work”. It is exactly this attitude and his ability to learn from mistakes that enabled him to eventually succeed. Edison also said “Many of life’s failures are people who did not realize how close they were to success when they gave up.” So the overall lessons here are: Be comfortable making mistakes in your pursuit of success. Don’t be ashamed or put yourself down for making mistakes, but be sure you learn from them and you don’t repeat them! And, of course, never give up perusing your dream (even if it means changing direction a few times along the way)!
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eBay Inc. is an American multinational internet consumer-to-consumer corporation, headquartered in San Jose, California. 37 / Industry Leaders Magazine / October 2013
I
t was founded in 1995, and became a notable success story of the dot-com bubble; it is now a multi-billion dollar business with operations localized in over thirty countries. The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. AuctionWeb was founded in San Jose, California, on September 3, 1995, by French-born Iranian-American computer programmer Pierre Omidyar. eBay was simply a side hobby for Omidyar until his internet service provider informed him he would need to upgrade to a business account due to the high volume of
traffic to his website. The resulting price increase (from $30/month to $250) forced him to start charging those who used eBay, and was not met with any animosity. In fact it resulted in the hiring of Chris Agarpao as eBay’s first employee to handle the number of cheques coming in for fees. As the company expanded product categories beyond collectibles into almost any saleable item, business grew quickly. In February 2002, the company purchased iBazar, a similar European auction web site founded in 1998 and then bought PayPal on October 14, 2002. 38 / Industry Leaders Magazine / October 2013
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P
ayPal enables any business or consumer with email to send and receive Internet payments securely, conveniently and cost-effectively. PayPal’s account-based network builds on the existing financial infrastructure of bank accounts and credit cards to create a global payment system. Based in Mountain View, California, PayPal is available to users in 38 countries including the United States. A natural extension of eBay’s trading platform, the acquisition of paypal supported the company’s mission to create an efficient global online marketplace. Payment had been a vital function in trading on eBay and integrating PayPal’s functionality into the eBay platform will fundamentally strengthen the user experience and allow buyers and sellers to trade with greater
ease, speed and safety. The combination of the two networks expanded both platforms while minimizing shared operational costs. Strengthening the marketplace and realizing the efficiencies made possible by the acquisition increased the value of both businesses. PayPal which continued to operate as an independent brand, has been a leading online payments solution. Approximately 60% of PayPal’s business takes place on eBay, making it the most preferred electronic payment method among eBay users. The remaining 40% occurs primarily among small merchants who constitute a potential new audience for eBay. Likewise, eBay’s community of million of users worldwide represents a growth opportunity for PayPal. 40 / Industry Leaders Magazine / October 2013
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he VoIP software and service Skype continues to be licensed by and operated by Skype Communications S.A. which has its headquarters in Luxembourg City, Luxembourg. eBay acquired Skype Technologies S.A. in September 2005 and in April 2009 announced plans to spin it off in a 2010 IPO. Skype was released as a simple computer-to-computer, or computer-to-telephone program. Support for paid services such as SkypeOut, SkypeIn, and voice mail allows the company to generate its revenue as well as making local and international telephone calls easier to perform via the user’s computer, sometimes cheaper than other
companies’ rates for similar services. By early 2008, the company had expanded worldwide, counted hundreds of millions of registered users, 15,000+ employees and revenues of almost $7.7 billion. After nearly ten years at eBay, Whitman decided to enter politics. On January 23, 2008 the company announced that Whitman would step down on March 31, 2008 and John Donahoe was selected to become President and CEO. Whitman remained on the Board of Directors and continued to advise Donahoe through 2008. In late 2009, eBay completed the sale of Skype for $2.75 billion, but will still own 30% equity in the company. 42 / Industry Leaders Magazine / October 2013
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Bay Inc., the online retailer, is buying an online payment platform, Braintree. eBay earlier was doing its payment Services through PayPal. PayPal is a global and dominant E-commerce business which lets customers make payments and money transfers through internet. PayPal is an acquirer which charges a particular amount on money transfers and payments. This service also charges fees for receiving money. The fees depends on the information like currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient’s account type. The
PayPal Company was acquired by eBay Inc. in late 2002; then almost for all the auctions PayPal service was used. Today about 40% of EBay’s revenues come from PayPal, which has users in million. Now, PayPal service and Braintree being together will make some excellent profits. The biggest competition is now a partnership due to eBay’s decision of buying the Braintree which is worth $800 million by cash. Braintree’s mobile application Venmo which will enhance its capabilities and services with the PayPal, due to which the customers will be more at ease by paying from their smart phones or android phones and tablets. 44 / Industry Leaders Magazine / October 2013
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Together, we expect that PayPal and Braintree also will accelerate our leadership in supporting developers who are creating innovative solutions for next-generation commerce startups.” Says John Donahoe, president and CEO of eBay, on the decision of buying the Braintree for better performance in the online auction and shopping industry. eBay, the greatest auction web, wanted this scenario and deal to happen since long. This decision of buying the Braintree will expand the online auction scope more and it will be a wanted, handy and all the more quickest thing for and amongst all. Braintree provides the services such as merchant accounts, billing and
credit card storage to more than 40 million consumers worldwide. Online firms like Airbnb, Uber, OpenTable, and TaskRabbit use Braintree’s payment platform. Once the procedure and working of eBay will be done comfortably with the Braintree, then Braintree will built a separate relation with PayPal under the leadership of Bill ready, who will directly report to David Marcus, the president of PayPal. eBay has not made any transactions as of now, but predicts it till the End of this year, 2013. This decision of buying the Braintree and financial transactions will not affect the management or the team of Braintree. 46 / Industry Leaders Magazine / October 2013
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The rapid increase in shale gas and tight oil in the US constitutes nothing less than a revolution in oil and natural gas. There can’t be any doubt about the dramatic change in America’s energy position.
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The rapid increase in shale gas and tight oil in the US constitutes nothing less than a revolution in oil and natural gas. There can’t be any doubt about the dramatic change in America’s energy position. America’s oil production is up by 50% since 2008, when we were actually supposed to run out of oil. While Natural gas production has increased by 33% since 2005, and shale gas alone now constitutes about 45% of total natural gas production. This revolution is not just about
production of Oil and Gas, it has an economic touch along several verticals, may it be consumer durables manufacturing, creation of jobs, household utility, or America’s increased GDP in the economy of the world. This has happened amid years of big recession and unemployment scenario. Of course, without the push from the exceptional oil and gas growth, the U.S. economic conditions would have looked more terrible than the last few years.
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According to a new study entitled "America’s New Energy Future: the Unconventional Oil and Gas Revolution and the Economy -- A Manufacturing Renaissance," the unconventional energy boom increased average household disposable income in 2012 by $1,200 – which is expected to grow up to $2,700 by the year 2020. That increase is mostly the result of two factors. First, households are spending less amount of their total income on utilities, whether directly for cheaper natural gas or by lowering the electricity cost generated by natural gas. Secondly, low cost energy has led to a reduction in the cost of goods and services within the entire economy. 51 / Industry Leaders Magazine / October 2013
Government revenues are also seen increasing on account of the rise of new energy production. The value chain associated with shale gas and tight oil contributed over $74 billion in additional federal and state government revenues in 2012 -- that figure is expected to reach over $125 billion by 2020. The unconventional energy job scenario is equally remarkable. Unconventional oil and gas industry has supported more than 2.1 million jobs in the year 2012 along the value chain. Hopefully, this number is expected to go up to 3.3 million by 2020. These jobs include all the people
working in shale gas and tight oil, in related industries like oil services and information technology as well as people whose jobs are supported majorly by the increase in spending as a result of economy getting better. These additional jobs are spread in the entire United States. New York State may not be considered to be a part of this because of its ban on the process called hydraulic fracturing, or "fracking." In spite of the ban, almost 50,000 jobs in New York are a result of shale gas and tight oil’s activities in other states.
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Profuse amount of low-cost natural gas brought on by the surfacing of shale gas is also transforming America’s place as a manufacturer. It is also boosting the companies that make products that this new oil and gas industry needs, such as steel, pipes and other equipments. It is really important on a larger scale for businesses that rely completely on natural gas or electricity generated with natural gas ranging from petrochemicals and glass manufacturers, to food producers and fertilizer. For these companies, cheaper natural gas is very important and will inspire an estimated $350 billion of new investment in the US over the next decade. Such growth would have seemed unbelievable 5 years back,
when it was expected that American manufacturers and the entire U.S. economy would have to depend more and more on expensive imports of liquefied natural gas and domestic gas. Though the cost of energy is only one component in a company’s investment decisions, along with other factors as market conditions, competitive environment, and risks related to regulations and litigation. But energy costs are not less critical, and have certainly made the US much more competitive internationally. Like in Europe, natural gas costs 3 times than that in the United States. While in Japan, it’s more than four times as costly.
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Industry leaders in Europe are aware of America’s advancement in energy, and they have certainly become alert. The CEO of Austrian steel company Voestalpine, Mr. Wolfgang Eder recently declared that “the exodus” from Europe has already “started in the chemical, automotive, and steel industries.” In fact, Voestalpine announced plans to build a $500 Million plant in Texas to produce iron which would be shipped to Austria to be fabricated into steel. European suppliers will have to follow their clients across the Atlantic and build new factories in the US near their clients’ new factories. 55 / Industry Leaders Magazine / October 2013
The advantage of growth in Energy sector will be eventually measured in growing exports of manufactured finished products from the US which will produce more jobs. For Europe, this progress only adds to its worry. For the United States, this shows the increasing opportunity as a result of the rise of unconventional oil
and gas. New sources of domestic oil and natural gas are having an even greater impact on the economy than projected earlier, adding more than $1,200 last year to the discretionary income of the average U.S. family, a new study says.
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The boom in domestic energy production now supports 1.2 million jobs, directly or indirectly, says a study. This number might grow to 3.3 million by 2020; this means that new energy’s contribution to U.S. families’ disposable incomes will reach $2,000 yearly per household by 2015. The introduction of advanced technologies like hydraulic fracking and horizontal drilling have not only made it convenient to recover previously unused oil reserves but also has helped drive about 58% rise in natural gas reserves since 2007. It also helps cut the price of natural gas by almost three-fourths and triggered more than $120 billion in U.S. based investment last year. 57 / Industry Leaders Magazine / October 2013
The greatest impact on many U.S. households is lower electricity and heating bills which will account for about 75% of the average household’s advantage, Larson said. Out of which $800 of that represents lower prices for natural gas-fueled heat and cooking, and $100 to $150 is from electricity costs lower than the actual. Government data supports most of these
analytical reports. Household natural-gas prices, which vary widely from state to state, have fallen between 12% and 32% since 2008, according to the U.S. Department of Energy. There has been a slight rise on Electricity prices though. Natural gas prices in most of Europe are three times U.S. levels, and Asian prices are higher than that, reflecting the lack of new supplies in those continents.
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Cheaper electricity also shows up in the prices of a lot of manufactured goods, and plenty of families earn a monthly income from producing oil and gas, or working for companies that ship petroleum and its products or make supplies for drilling and pipelines. Growth in shale-related jobs since 2008 was almost four times as much as Moody’s forecast in 2009, and is growing two-fold as the overall economy despite a hiring lull caused by lower natural gas prices. More domestic production is slashing crude oil imports too, which had fallen 19% in the first half of this year, according to the Census Bureau. That took off $31.6 billion off the nation’s trade deficit. In 2011, U.S. oil and gas companies contributed almost 3.8 billion barrels of crude oil and related reserves, an increase of 15%, the biggest jump since the U.S. Energy Information Administration began publishing proved reserves estimates in 1977, the government said last month. 59 / Industry Leaders Magazine / October 2013
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“Diamonds Are a Girl’s Best Friend,” that’s the song we have been hearing all the time. It appears that diamonds are also becoming investors’ best friend.
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Rough diamond prices have increased nearly a third since 2005 and are likely to go up another 20 % by 2017, with a boost in demand by Asian economic powerhouses China and India. Record prices of these showy trinkets have been making news recently. For example, a pear-shaped 101.73 carat “flawless” diamond was bought by jeweler Harry Winston for a $27 million to luxury jeweler Harry Winston at a Christie’s auction in Geneva. According to a research, as of July, 2013, the world’s richest diamonds owners consist of collectors, dealers, business owners and investors who have stakes in some of the world’s biggest diamond mines. A few individuals on our list are also known to own some of the rarest and most expensive diamonds found till date.
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Cheng Yu-tung, honorary chairman of the world’s biggest jewelry retailer by market value Chow Tai Fook Jewellery Group, has wealth estimated at $19.6 billion, more than triple that of his closest competitor Beny Steinmetz in the world’s richest diamond owners list. Cheng is also the oldest person in the top 10 at 87 and the only Asian diamond owner to make the list. Hong Kong-based Chow Tai Fook Jewellery has grown from the opening of its first store in Macau in 1938 to now including an extensive network of over 1,800 jewelry and watch stores across Greater China. The jewelry business is one part of the tycoon’s vast wealth, with business interests in real estate, infrastructure, retail and hotels. Cheng made headlines in 2010, when he paid $35.3 million for the 507-carat Cullinan Heritage diamond, making a world record for the highest price paid for a rough diamond. Market watchers had expected the diamond, one of the biggest high-quality rough diamonds ever found, to sell for $25 million.
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Beny Steinmetz is an Israeli-born tycoon, who inherited the Geneva based Steinmetz Diamond Group from his father. The diamond jeweler’s logo is “creators of the world’s finest diamonds” and has been in business for about 70 years. Steinmetz is also the founder of the Beny Steinmetz Resource Group (BSR Group), which owns the Octea Diamond Group that has mined 10 million carats of diamonds from the Koidu mine in Sierra Leone, according to the company’s website. Some of the famous diamonds crafted by the Steinmetz Diamond Group include the 203.04 carat pear shaped De Beers Millennium Star, which took three years to cut. Another is the Steinmetz Pink - a 59.6 carat pink diamond (pictured), which was reported to be worth up to $100 million in 2003.
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Dan Gertler is an Israeli businessman, who made his fortune by investing in the Democratic Republic of Congo’s (DRC) diamond and copper mines. At 39, he is the youngest person to make the list of the world’s richest diamond owners. Gertler is the founder and president of the Dan Gertler International Group (DGI) and heads his family’s Gibraltar registered business - the Fleurette Group. Arriving in Congo in 1997, the billionaire took his family’s fortune in diamonds and invested it in mining assets in the DRC, Forbes reported. He has become an influential figure in Congo’s mining sector with close ties to the Kinshasa government. His Fleurette Group and its partners employ around 20,000 local workers, Reuters reported. Wealth and investment have also come with controversy for Gertler, who has been accused of being involved in deals that have benefited unknown corrupt Congolese government officials, In December, the International Monetary Fund (IMF) stopped a $240 million loan to Congo for failing to publish mining contracts to a company reported to be linked to Gertler.
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Anne-Marie Graff is the wife of British billionaire jeweler Laurence Graff and a shareholder in his company Graff Diamonds. The Graffs, who have been married for over 47 years, made headlines last year after it was reported that Laurence Graff had fathered a child with a former employee 34 years younger than him, leading Anne-Marie to file for divorce. The divorce, which could have been Britain’s biggest divorce settlement, hasn’t happened as the couple appears to have reconciled. In an initial public offering prospectus last year, it was revealed that the couple held a combined total of 645 million shares in Graff Diamonds including those held in trust for their three children. At a maximum offering, the stock would be worth about $3.1 billion, Forbes reported. The company did, however, pull its IPO from the Hong Kong Stock Exchange due to volatile market conditions.
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British jeweler Laurence Graff is the founder of Graff Diamonds, famous for its giant and rare gems. Graff began his career as a humble jewelry apprentice at the tender age of 15. After a few failed stints at other jewelry stores, he started designing and selling his own designs independently. By 1960, he founded the luxury brand which today has 35 boutiques around the world. Last year in May, the company made headlines after it pulled a planned $1 billion initial public offering, which was set to be the biggest IPO of the year on the Hong Kong stock exchange, due to volatile market conditions. Some of the most famous diamonds owned by Graff include the rare Graff Pink diamond (pictured) at 24.78 carats, which the billionaire purchased for $46 million in 2010. Graff also owns the Lesotho Promise, a 603 carat diamond found in a mine in the South African country, which he purchased for $12.4 million in 2006. The company valued a necklace made from 26 stones cut from the Lesotho Promise at more than $60 million in 2011, the New York Times reported.
70 / Industry Leaders Magazine / October 2013
Georges Nicolas Hayek Jr. is the CEO of Switzerland’s Swatch Group, which bought the high-end jewelry arm of Canadian firm Harry Winston for $1 billion in January. The move gave Swatch, the world’s biggest watchmaker by sales, one of the marquee jewelry luxury brands worn by the likes of Hollywood elites Marilyn Monroe and Elizabeth Taylor. Every year, Harry Winston lends out millions of dollars’ worth of jewels to be worn by movie stars for famous televised events like the Oscars, while Swatch is the world’s largest consumer of polished diamonds. Hayek is the son of Lebanese Nicolas George Hayek, who co-founded the Swatch Group in 1983. One of the famous diamonds that Hayek has acquired through the Harry Winston brand recently is what industry watchers have described as a “flawless” 101.73 carat diamond (pictured), which sold for a record $26.7 million at a Christie’s auction in Geneva in May. Harry Winston has named the diamond “Winston Legacy.”
71 / Industry Leaders Magazine / October 2013
Lev Leviev is an Uzbekistan-born Israeli business tycoon involved in the trading and mining of diamonds in Russia and African countries, which are home to some of the world’s largest diamond mines. Leviev, known as the “king of diamonds,” made headlines last year in a court battle with his one-time partner Arkady Gaydamak who was seeking hundreds of millions of dollars in unpaid commissions from Angola’s mines. Leviev’s assets in Angola include a stake in the Catoca diamond mine, which is one of the world’s largest, Reuters reported. Apart from owning luxury jewelry stores in global cities like London, Leviev is also the chairman of investment firm Africa Israel Investments (AFI) Group, which is involved in industries like real estate, construction, and tourism. The former wife of American mogul Donald Trump, Ivana Trump wore 450 carats of diamonds from Leviev’s jewelry collection at her wedding celebrations in 2008, which included a 140 carat yellow diamond set at a pre-wedding party, according the jeweler.
72 / Industry Leaders Magazine / October 2013
Jorg Bucherer is the chairman of Swiss family run jewelry business Bucherer Group. Bucherer was founded by Jorg’s grandfather Carl-Friedrich Bucherer in 1888 with its first watch and jewelry store in Lucerne, Switzerland. The group now has around 1,500 employees and about 26 stores across Europe, including what it calls the world’s largest watch and jewelry store in Paris (pictured). The jeweler’s range currently consists of a whopping 50,000 items. Burcherer launched the Lacrima diamond collection in 2007 to target the top end of the market. The line of 25 diamond set pieces includes rings, necklaces and earrings - which now also includes a basic, premium and deluxe series. Some of the most notable diamond pieces crafted by Bucherer include the Valse Des Cristaux - a necklace, pendent and earring set that has more than 36 carats of diamonds, the Nature en Eveil necklace with 24.79 carats of diamonds and the Reine Blanche necklace, which has 44.97 carats of brilliant diamonds.
73 / Industry Leaders Magazine / October 2013
Fred Mouawad is one of the three current co-guardians of the Geneva-based family jewelry business Mouawad. Mouawad is a fourth-generation member of the Lebanese family, which have been involved in the jewelry business since the 1890s. He heads the diamond division of the company and has also founded the Syneria One group of companies, which is involved in industries from jewelry retailing to food outlets. Mouawad garnered attention last November when he was the last person to bid for a 76.02 carat diamond, which once belonged to Archduke Joseph August of Austria, before it sold for a record $21.48 million in a Christie’s auction to an anonymous buyer, Reuters reported.
74 / Industry Leaders Magazine / October 2013
Kicking off our top 10 list of the world’s richest diamond owners is Robert Mouawad, who bought a 101.84 carat diamond at auction house Sotheby’s for $12.76 million in 1990. The 11-sided mixed cut diamond known as “the Mouawad Splendor” made it into the Guinness Book of World Records as the world’s most expensive single pear-shaped diamond at that time. Robert Mouawad is a third generation member of the Lebanese Mouawad family, who has been involved in the jewelry business since the 1890s. The family owns the Geneva, Switzerland-based jewelry company Mouawad. When Robert was the firm’s president, he expanded the business from Saudi Arabia to Europe, Asia and North America and set up Geneva as the jeweler’s new base in the early 1970s. Robert Mouawad’s other famous diamond purchases include the 135.92 carat Queen of Holland diamond in 1978, which was once the largest cut diamond in the world and the 68.09 carat Taylor Burton diamond, made famous by actor Richard Burton when he purchased it for his actress wife Elizabeth Taylor in 1969. Mouawad bought the diamond in 1979 after it was sold to New York jeweler Henry Lambert for $5 million. (Courtsey: CNBC)
75 / Industry Leaders Magazine / October 2013
06 / Industry Leaders Magazine / October 2013
How Facebook turned around its dying business
A couple of years back, It was hard to explain Facebook’s business model, but there was just one reasonable correlation: Facebook was a large, disorganized corporation for transforming electricity and programmers into a down-market place to sell cheap and highly unfocussed advertising. Mostly the numbers in its earnings report indicated that the company was in a race against various forces merely to maintain its current advertising revenue, and there was little to indicate that the company was going to come up with any primarily new sources of revenue. 79 / Industry Leaders Magazine / October 2013
80 / Industry Leaders Magazine / October 2013
Despite being a greatly innovative company, Google majorly earns its revenues by giving users things for free and selling advertising against them. It was hard to see how it will ever be any different for Facebook. Facebook’s experiment in charging its users to do something-otherwise known as Facebook Gifts-never made serious money. Industry Leaders often made the argument that “certainly with all that personal data, Facebook must be able to do something.” A large number of startups have launched in the hope that if only they get enough data about their users, they’ll find a way to make money from it. But looking at the history of Facebook and related companies like Google, it seems that they might not have picked the best business model. Most of Facebook’s I.T resources appear to be devoted to simply keeping up with users, giving them different ways to access Facebook on every novel device. It was hard to argue that the company has done anything particularly innovative since its founding; all the updates to Facebook since then come down to tweaks to the core experience of reading through a stream of updates from your friends. (Or, since the recent advent of Facebook’s Graph Search, finding new ways to sort them.) Unlike traditional web search, which is something we often do when we’re looking to spend money, time spent on Facebook does not appear to be time when we’re particularly open to advertisers’ messages. Facebook has had some luck selling ads to those who make mobile apps, but being a parasite on Google’s and Apple’s app economies is never going to be a winning business. 81 / Industry Leaders Magazine / October 2013
82 / Industry Leaders Magazine / October 2013
For Facebook to grow significantly, it’s got to figure out how to increase the amount of money it makes on every user, and not by an incremental amount, but some multiple. All without committing significantly more servers and programmers. Facebook is currently making a little more than $5 per user. It needs to get to $10, $20 or more per user while keeping its costs about where they are if it’s ever going to justify a higher stock price. Facebook is not going to get there with current advertising models, and there’s little evidence it has any better ideas.
83 / Industry Leaders Magazine / October 2013
84 / Industry Leaders Magazine / October 2013
Facebook has been working for more than two years on a project that is essential to expand its base. It has over 1.1 billion monthly active users, which means that roughly one in every ten people that use the site at some point each month do so from a feature phone. These feature phones have mostly vanished in the western world but are still the norm in developing countries like India, Mexico, Vietnam, Brazil, Philippines and Indonesia. Growth Manager for Facebook, Ran Makavy wrote in a company blog post We are excited to announce that there are now more than 100 million people using Facebook For Every Phone each month. This is an important milestone for us. Facebook’s mission is to make the world more open and connected, and Facebook For Every Phone enables people around the globe to connect to the people and things they care about most, no matter what kind of mobile device they use. In the emerging markets many of Facebook’s users do not have access to high end mobile phones. Therefore, these people log-on to Facebook by buying minutes in Internet cafes or on cheap feature phones. This initiative by Facebook, which it calls Facebook for Every Phone plans to declare the first results soon: Globally more than 100 million people, or approximately 1 out of 8 of its mobile users, now regularly access Facebook from more than 3000 different models of feature phones, some of which are priced as little as $20. Most of these users, who rank among the world’s poor, pay very less or nothing to download their Facebook news feeds and photos, along with the data usage being subsidised by phone carriers and manufacturers. 85 / Industry Leaders Magazine / October 2013
86 / Industry Leaders Magazine / October 2013
As Facebook has just commenced selling ads to these customers, it makes no money from them as yet. According to the research firm eMarketer the countries in which the simple phone software is doing the best- India, Indonesia, Mexico, Brazil and Vietnam-are among the fastest-growing markets for use of the Internet and social networks. Facebook for Every Phone is a project started with the acquirement of Snaptu, an Israeli mobile platform co-founded by Makavy. Facebook’s software had to be re-engineered to drastically decrease the amount of data sent over slow cellular networks. In spite of the basic computing power and low-resolution screens in feature phones, the app allows users to check their news feed, send messages and upload photos. It is also designed to minimize data usage to make it more affordable for people to use. This software has aspects that are common in more advanced versions of Facebook, including the sticker-size emoticons used in chat and Instagram-style filters to deck up photos. Facebook for Every Phone can be used by feature phone customers anywhere and can be downloaded from Facebook using the phone’s mobile browser or procured from app stores operated by the phone maker or independent companies. During the first quarter of this year, Facebook got only 24 per cent of its $US1.5 billion in revenue from outside of the United States, Canada and Europe.
87 / Industry Leaders Magazine / October 2013
88 / Industry Leaders Magazine / October 2013
The company will report its second-quarter earnings on Wednesday, but analysts expect that developed markets will be the largest source of Facebook’s revenue and profit for a long time. Facebook has clinched promotional deals with phone makers like Nokia, and announced a $US99 feature phone called the Asha 501 in May. It offers free or discounted initial data deals for customers of certain carriers, including Bharti Airtel, in India, Mexico’s Unefón and Kenya’s Safaricom. Facebook gets hordes of new users from such deals, and the carriers and phone makers hope that once a user gets hooked on to the internet through Facebook, they will be inclined to pay for more data access and better phones. Recently, Facebook announced partnerships with 18 operators in 14 different countries (ranging from Portugal to Brazil) to give users of its Messenger app reduced data fees. Now it also allows the user to sign up for Messenger without even having a Facebook account.
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90 / Industry Leaders Magazine / October 2013
A heaven for Tech Start-ups
A resource
for tracking and building startups, formed a list of the world’s leading high-tech cities for startup entrepreneurs. 91 / Industry Leaders Magazine / October 2013
92 / Industry Leaders Magazine / October 2013
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el Aviv precedes New York, which only made it to the fifth place, Los Angeles (3) and London (7). So well known is the country’s start-up scene, Israel is known as ‘the start-up nation’. And it’s no wonder: altogether, according to estimates, there are between 4,000 and 5,000 start-ups in Israel right now - working alongside the thousands of more established companies that began life as start-ups. The start-up scene in Israel has benefited from the country’s entrepreneurial mindset, as well as its ample technology and engineering talent - found both in its fledgling IT businesses as well as the multinationals that have set up shop in the country. Eight factors were tracked to determine the ranking: Total activity of entrepreneurship in the region, amount of active and comprehensive risk capital, total performance and performance potential, how many risks founders took, ability to adopt new technologies, quality of support network, talent and differences between Silicon Valley. Tel Aviv was said to have the highest density of tech startups in the world. In 2009, there were 63 Israeli companies listed on the NASDAQ, more than Europe, Japan, Korea, India, and China combined. Yet despite their relative success, Tel Aviv’s startups are below average in terms of adopting new technologies, like programming languages. Startup Genome expects the city to become a niche or regional hub, not a global powerhouse like Silicon Valley. 93 / Industry Leaders Magazine / October 2013
06 / Industry Leaders Magazine / October 2013
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el Aviv-Yafo contains a unique synthesis of informal business culture and startup hub coupled with a young and vibrant atmosphere - a synergy particularly attractive to creative industries. Tel Aviv-Yafo is a hot-bed of knowledge based industries. The diversity of its economic fabric covers a vast array of hi-tech industry clusters and the full spectrum of the hi-tech life cycle, from grassroots startups to multinational superpowers. The local ecosystem includes renowned world class talent, leading R&D centers, startup incubators, accelerators and co-working spaces, and informal networking meet-ups and events. All this is supported by the highly experienced financial and business services which accompany the ever growing Israeli high-tech industry. But, the true secret to the city’s success is its unique DNA which allows the necessary outside the box approach and creative spirit. It is a city of young adults and boasts a conglomeration of theatre, art, festivals, nightclubs, cafes, bars and pubs which together with the unrivalled vibrancy of its nightlife make it a city like no other. During most of the year, its hot sunny days give way to warm Mediterranean evenings which pull the city outside to fill the countless cafes and bars which stay open and buzzing seven days a week until the early hours- in Tel Aviv-Yafo, there are no last calls, only last customers. The synergy of its buzzing atmosphere and entrepreneurial culture is the creative energy which feeds the city’s unparalleled early stage innovative ecosystem. 95 / Industry Leaders Magazine / October 2013
96 / Industry Leaders Magazine / October 2013
W
hile global companies including Amdocs, Motorola Solutions, HP, IBM, Oracle, and many others all have research presences in the county’s centre, most companies still prefer to be located in the suburbs of Tel Aviv, the country’s financial and business heart – which has its own R&D presence from the likes of Intel, Microsoft, and Google. With so many big names, and a large start-up community, the area is flush with tech workers, who often live in ‘the centre’, as Tel Aviv is known. “Tel Aviv has among the highest density of tech start-ups in the world and is the core of the Israeli tech scene – which attracts more venture capital dollars per-capita than any other country and is amongst the countries with the greatest number of companies listed on the Nasdaq,” a spokesperson for the Tel Aviv municipality said. And, according to a recent study by Start-Up Genome and Telefonica, the city has the highest density of tech start-ups in the world, and ranks as the world’s second best start-up hub, behind only Silicon Valley. For start-ups, you can’t beat the downtown area of Tel Aviv, according to Gilad Tuffias, director of the privately owned TechLoft, a shared space where entrepreneurs can set up shop with just themselves and a couple of partners at a low cost. 97 / Industry Leaders Magazine / October 2013
98 / Industry Leaders Magazine / October 2013
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T
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el Aviv-Yafo encourages foreign startups and entrepreneurs to take advantage of its local climate.
he local industry boasts the top technological talent and the highest venture capital investments per capita in the world. The city will support international tech and networking events and conferences in order to increase exposure to talent, capital and potential markets.
he local innovation ecosystem is internationally minded and already supports many of the foreign talent and entrepreneurs in the city. Through partnerships with the ecosystem community the infrastructure is being mapped and will be made even more accessible to newcomers.
99 / Industry Leaders Magazine / October 2013
100 / Industry Leaders Magazine / October 2013
I
n order to ease the landing into a new city, the city is establishing programs to develop web and mobile applications for interaction with city life, transport and the municipality.
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Programs for foreign students are being developed in business, technology and design in the more than twenty academic institutions which exist in the metropolis.
Israel invests 4.7% of its GDP in R&D (the highest ratio of any country in the world). Israel is 3rd in the world for venture capital availability. Israel is ranked 2nd in the world for availability of qualified scientists and engineers. Israel has the largest number of start-ups per capita. 67% of the seed stage startups in Israel are in the Tel Aviv-Yafo metropolitan. Israel boasts the largest number of NASDAQ IPOs than any country outside the U.S. and Canada. Most of the multinational R&D centers in Israel are situated within the Tel Aviv-Yafo metropolitan area including: Google, Barclays, Motorola, BMC Software, Broadcom, EMC, Microsoft, GM, Amdocs, SAP, Applied Materials, Marvell, Oracle, HP, CiscoIsrael etc. 101 / Industry Leaders Magazine / October 2013
Energy and Renewables Water Expo China
Date: 02 - 04 December, 2013
Held at the China National Convention Center(CNCC), Beijing, China, the show covers many water industry aspects. Organised by Messe Frankfurt (Shanghai) and the Chinese Hydraulic Engineering Society, the three day event is the only one in China that is approved by China’s Ministry of Commerce and sponsored by the Ministry of Water Resources.
Venue: Beijing, China Solar Canada
Date: 09 - 10 December, 2013
Solar Canada is known to be the biggest and one of the most influential events of the Canadian solar industry. The solar industry has emerged as one of the most important revenue as well as employment generating sector of the Canadian region due to which this tradeshow has gained immense popularity and importance.
Venue: Toronto, Canada Detaf
Date: 17 - 19 December, 2013
Detaf offers a comprehensive range of renewable energy engineering and agro fuels. This show aims to benefit the nature by preserving the natural resources and highlight on the ways of protecting them from being wasted. The event strives to offer complete information about the recent inventions which have come up to protect our earth. The exhibitors find this exhibition to be the perfect business meeting place where the exhibiting companies get an opportunity to establish themselves and create their own brand name.
Venue: Venray, The Netherlands Renewable Energy & Light Engineering Expo
Date: 26 - 28 December, 2013
Renewable Energy and Light Engineering Expo is an exhibition to propagate the use of renewable energy and the optimization of the alternative sources energy in the world. as each day passes the source of conventional energy on earth are becoming more and more scarce. In such a circumstance there is no other way than to pay attention to the renewable energy and alternative sources of energy. This event will bring out new technologies in the field that can cater to the needs of future. Renewable Energy and Light Engineering Expo will be held at RDA in Bogra, Bangladesh for four days and is expected to be attended by a large number of exhibitors and visitors from all over the region.
Venue: Bogra, Bangladesh 102 / Industry Leaders Magazine / October 2013
Construction Construct Canada
Date: 04 - 06 December, 2013
Construct Canada is Canada’s premium annual exposition of products, services, technologies, and systems used for the design construction, retrofit, and renovation of all forms of buildings-commercial, high-rise, residential, industrial, retail, and institutional. This exhibition will be held three days between from 04 to 06 Dec 2013 at Metro Toronto Convention Centre in the Canada and organized by the Merchandise Mart Properties, Inc.
Venue: Toronto, Canada Punjab International Trade Expo
Date: 05 - 09 December, 2013
PITEX 13 Punjab International Trade Expo 2013 at Amritsar from 5-9 December, 2013. The Government of Punjab has consented to be the Host State. The fourth in the series, PITEX - 12 would give opportunity to Industry, Entrepreneurs & Corporate from within the country and various South Asian Countries to showcase their vast potential.
Venue: Amritsar, India Hospital Build & Infrastructure
Date: 12 - 14 December, 2013
Hospital Build & Infrastructure India is one of the leading hospital infrastructure sector trade shows in India. The show provides noted business investors, managers and decision making authorities from the medical industry the opportunity to come in contact with each other and exchange their views regarding the latest product developments and market happenings. Interactive business conference sessions are scheduled during the show, which draw in more than 400 well targeted business delegates. The total number of visitors at the show exceeds 4000, with eminent governmental representatives and ministry executives also taking part at the show.
Venue: New Delhi, India Ceramics Asia
Date: 18 - 20 December, 2013
Ceramics Asia is designed to explore the emerging potentials of the ceramic industry in Asia. This unique event is going to highlight the latest developments in the industry in the region and what future has in store for this industry. The ceramic market in Asia, especially in India and China, has a huge growth potential. This event will be organized to enhance that potential by bringing industry professionals from different corners of the world under one roof. Ceramics Asia is going to be organized for three days at the Gujarat University Exhibition Center in Ahmedabad, India and is going to benefit both large and small scale companies that are involved in the Heavy Clay industry.
Venue: Ahmedabad, India 103 / Industry Leaders Magazine / October 2013
Manufacturing International BIG R Show
Date: 02 - 04 November, 2013
International BIG R Show is a one of the largest and most comprehensive trade fair of automotive diesel engine & small parts remanufacturers. Exhibition will attract many visitors & exhibitors related to the engine remanufacturing/rebuilding, parts and equipment.
Venue: Las Vegas,United States Of America Brazil Automation ISA
Date: 05 - 07 November, 2013
Brazil Automation ISA will be an annual event of two days that will be showcasing the latest automation and instrumentations products exhibited by the world class traders and manufacturers in the region of Brazil. Brazil Automation ISA will be one of the high sophisticated Brazilian ventures that will be culminating into certain decorum of latest automation of prolific instrumentation of engineering products.
Venue: Sao Paulo, Brazil Heritage Himalaya Trade Show
Date: 08 - 11 November, 2013
Heritage Himalaya Trade Show is going to be an important trade event which is going to take place for a period of four consecutive days and the venue is in Moscow, Russia. This event is going to bring in the rich flavors and taste of India and all the important textiles and other products that are mainly the important notes of India. This event is mainly the careful research of the CIS and the Russian markets that are looking over the demand of South Asian products and its services.
Venue: Moscow, Russia The Composites Engineering Show
Date: 12 - 13 November, 2013
Composites Engineering Show is a much revered event in its category acting as the largest platform for all the suppliers and manufacturers to come together to discuss more about the composite design and manufacturing industries. This event is also a much known interacting medium providing an opportunity to the invitees and the participants to share knowledge about latest technologies and innovations. Composites Engineering Show will have various enlightening discussions on composites, raw materials and semi finished products, composites design, analysis, simulation and processing technologies and a lot more. This event witnesses the presence of almost all professionals related to this industry who get a lifetime opportunity to know strategies of marketing their products.
Venue: Birmingham,United Kingdom 104 / Industry Leaders Magazine / October 2013
Logistics and Supply chain BORDERPOL Conference & Exhibition
Date: 03 - 04 December, 2013
BORDERPOL Conference and Exhibition is a crucial event on border security and management as it showcases the most scientific technologies and products for monitoring border security which ensures safe travel across the borders. This is a very important expo for government and security officials who can gain access to some of the smartest products for ensuring safety. Security system manufacturers and suppliers will get to show their products to the global market which will raise their profiles as well.
Venue: London, United Kingdom Defence Logistics
Date: 03 - 05 December, 2013
Organized by Worldwide Business Research at Hilton Alexandria Mark Center, 1700 Jefferson Davis Highway, Arlington, Texas, United States of America, the Defence Logistics is recognized as pivotal forum for giving an insight into the logistics and packaging industrial sector. It is 4 days event which proves to be effective in attracting various professionals from storage & systems, transport etc.
Venue: Washington, United States Of America Latin Port Business
Date: 03 - 05 December, 2013
The Latin Port Business pavilion is hosted at TranspoQuip Latin America 2013 and reflects the growing importance of ports at the event. TranspoQuip is the leading event for transportation infrastructure in Latin America.Many investments are being announced in existing ports and private initiatives to build new ports keep making the news. Latin Port Business offers the solutions to realize these projects presenting a broad range of port issues, aiming to represent this varied industry in its entirety.
Venue: Sao Paulo, Brazil MultiModal Middle East
Date: 09 - 11 December, 2013
MultiModal Middle East, as the name suggests is the most prominent and largely attended logistics exhibition that dedicates itself in showcasing the best possible logistics, material handling and transportation equipments and machineries which are manufactured by adding in special features and have the efficiency to work continuously. Conference sessions and live demonstration are some of the major highlights of this event and they are certainly going to be liked by many professionals who will visit here.
Venue: Dubai, United Arab Emirates 105 / Industry Leaders Magazine / October 2013
Food and Drink PET-VET
Date: 06 - 08 December, 2013
Pet Vet is an event for pets. The event will be a glorious event because of its new approach towards the field of veterinary business. The leading companies from various sectors like Medical, Electric Medicine, Laboratory Technology, Medical instruments, Diagnostic, Pharmaceuticals, Therapeuticsk, Veterinary homeopathy. They all will have only one motto to reach maximum customers; they may reach. The Pet Vet will be an opportunity to the exhibitors to maximize their profits.
Venue: Stuttgart, Germany Fine Food India
Date: 11 - 13 December, 2013
Fine Food India is Indias leading trade event for the Food, Drinks. Equipment & Technology focussed on the needs of the HORECA & Retail market. The 2013 Exhibition will be held over 3 days from 11-13 December 2013 at Pragati Maidan, New Delhi, India. Fine Food India understands you and yourbusiness With 50 years experience in running food events, we understand the needs of the professionals in the Hotels, Restaurants, Catering, retail and food service sectors.
Venue: New Delhi, India Christmas Market
Date: 06 - 15 December, 2013
Christmas Market is a significant event for producers & suppliers of gift & decoration products, is an opportunity for Germany to live in style here & now rather than in the distant future.
Venue: Brno, Czech Republic Dubai Drink Technology Expo
Date: 16 - 18 December, 2013
Dubai Drink Technology Expo (DDTE) is the premier specialized event in the MENA region for the beverage industry. It is a unique platform for beverage companies to present their latest technologies and system solutions for the entire production chain (manufacturers, filling, packaging, distribution, wholesales/retailing, trading and marketing) of Carbonated, Fruit Juices, Bottled Water, Energy and wellness drinks, Milk and Dairy Products, & Functional Drinks RTD (Ready to Drink), Tea and Coffee.
Venue: Dubai, United Arab Emirates Hong Kong Food Festival
Date: 25 - 28 December, 2013
Hong Kong Food Festival receives tremendous support from various trade boards and attracts hundreds of quality food related companies to participate.
Venue: Hong Kong, China (Hong Kong S.A.R.) 106 / Industry Leaders Magazine / October 2013