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editor’s NOTE
by Anna Domanska
The most prestigious B schools in the world obsessively pursue money. This ideological underpinning has led to the arsenal of junkbond-induced takeovers of the 1980s; the corporate accounting scandals of the 2000s; the outrageous increase in the pay gap between chief executives and workers; and even the real estate crash and the 2008 financial crisis. Just about every premise of this teaching model that dominates B schools’ curriculum needs to be punctured; and the sooner the better, before much damage is done. Beyond hypocrisy, this model misleads the public and its own business graduates about leadership. They say - all that matters is shareholder value, and the management’s sole duty is to maximize shareholder value. This idea has swept corporate America. We may choose to look the other way, but that is not the solution. Some say, the schools have become detached from real-world issues. While we agree, elite B schools are the most intellectually stimulating places in academia. Yet, the loss extends far beyond the classrooms. Business graduates focus far too much on maximizing shareholder value and have a limited understanding of ethical and social considerations essential to the core of business leadership. B Schools need to gain a rebalance so business graduates devote overwhelmingly on not just the financial aspects of the business, but also on ‘prudence’. This requires an education in moral reasoning. Do we have time for that? Like always, we welcome your comments (Facebook.com/ IndustryLeaders, @IndLeaders on Twitter). You may reach us at editor@indleaders.com or Editor – Industry Leaders Magazine, The Fastest Media, 3651 Lindell Road, Suite 320D, Las Vegas, NV 89103.
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The Team EDITORIAL Anna Domanska, Editor-in-Chief Christy Gren, Sub-Editor Riana Petanjek, Sub-Editor Priyansha Mistry, Sub-Editor Aubrey Chang, Associate Editor
PROJECT MANAGEMENT Tony Raval, Project Director Jay Raol, Project Director
TECHNOLOGY John Hancock, Head-Web Department Le Manh Coung, Sr Sofrware Coordinator Julia Hunt, Magazine Production
DESIGN Kevin Paul, Sr. Graphic Designer Reepal Savaniya, Graphic Designer
MARKETING Jason Miller, Sr. Project Director
FINANCE CONTROL R R Baratiya
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ADVERTISING Richard Dean, Advertising Manager
Content Features 34
8 Power Players
Diamonds May Not Grow On Trees But This Power Couple Produces Them In Labs
Latest in Business
48
Lofty Promises About Lab-Grown Meat
24
Young Guns Just Two ThirtySomething Programmers…who now own a billion dollar startup
55 Green Revolution
When Companies Adapted Green Marketing to be Ecologically Responsible
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Cover Story
Changing Face of Elite B Schools
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Crowdfunded, Inc.
Tesla Heading To Make U.S. Car Industry No. 1 Again
Big Ticket
Luxury Comes At A Price ‘Most Expensive Yachts’
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Big Events, Bigger Gains WWDC 2017: Your Yearly Dose of Apple, Inc.
Imminent Trends
Solar Industry to Enter a New Phase By 2020
Events & Tradeshows
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Facebook Monthly Users’ Number All Set to Hit the 2 Billion Milestone One social media company that came and conquered the social platform by leaps and bounds is Facebook. Changing the scenario of social media for over a decade, Facebook is leading the clan of social media sites today. A fact that cannot be missed out on is its everincreasing number of users. Currently, Facebook boasts of the highest number of users among all such social media platforms. Facebook, in its first quarter (Q1) earnings of 2017 reported a humongous user
base of around 1.94 billion users globally, which is almost equal to the populace of a small country. 27 percent of people globally use Facebook currently out of the total world population of around 7.3 billion. This number of active Facebook monthly users, i.e. 1.94 billion is up by almost 18 percent compared to the previous year. This makes the number of active Facebook monthly users is just a rock’s throw away to hit the 2 billion mark
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From Elon Musk’s future visions, Jimmy Choo’s sale, Facebook monthly users, to Apple’s market value, the latest business news on-the-go.
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Musk’s Vision: To Provide Internet through its Satellites Elon Musk, the business tycoon has envisioned everything from making an underground tunnel for commute, creating cyborgs, making luxury cars, to colonizing Mars. Musk has achieved this goals to a certain extent. When you think that now he has dreamt of everything that he could, he comes up with one more incredible idea. The visionary has come up with a concept of creating a constellation of satellites that will orbit the earth, providing high-speed internet globally.
SpaceX, Musk’s company, is planning to deploy custom satellites into the lower orbit of the Earth, with a promise to provide better services compared to the current high-latency and slow satellite internet. While it plans to launch the craft into space by 2019, the company says that the full network will be operational in 2024. The company plans to test its internet providing satellites starting from the end of this year until early 2018. If
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the tests are positive, then the organization will move ahead with the launch of the satellites between 2019 and 2024. This ambitious plan will put almost 4,425 satellites into the Earth’s orbit, and for getting these satellites into space, SpaceX will use its own Falcon 9 rockets.
Mr. Musk is dreaming high, for the Earth’s orbit to another planet, while currently, the only thing that we can do is to wait and witness how this plan materializes into reality.
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Lab-Grown Meat Promises a Sustainable Future
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The rate at which the world is consuming meat may surpass the global demand of pigs, cows, chicken, and other edible animals one day. Not only this, one major concern regarding livestock sector is the emission of greenhouse gases. United Nations Food and Agriculture Organization published a report which mentions that the livestock sector emits almost 18 percent of greenhouse gases worldwide. Moreover, it is also responsible for issues like land-water degradation and acid rains. A sustainable and better option for traditional meat is the vitro or lab-grown meat. There are also many benefits of lab-grown meat, some being the substantial cut down on land and water resources, environmental benefits, reduction in deforestation, and more. Out of the many ways used by scientists to produce lab-grown meat, one of them is using the stem cells from real cows to convert it into muscle tissues. After this, the fibers of muscle tissues are cultured on a scaffold with the help of vital nutrients and vitamins to let it grow into a patty.
In 2012 when lab-grown meat was introduced for the first time it cost as much as $40,000 (Almost the cost of an individual’s halfyearly meal!). Fast forward to the present and now the price have lowered to just $12. A lot of startups these days are trying to develop lab-grown meat given its many benefits and considering the alarming signs of the high usage of traditional meat. An Israeli startup, Supermeat is trying to develop a technique to use chicken tissues for growing kosher meat. This year, a San-Francisco based startup named Memphis Meats served Lab-grown duck a l’orange and lab-grown chicken strips at the Natural Products Expo West. Testers said it tasted just like chicken. Many startups are not only developing lab-grown meat, but also trying their hands on developing cow-free milk as well as cheese.
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India’s Significance in the Growth of Amazon Amazon, the e-commerce behemoth saw a jump of 23 percent in its first quarter (Q1) earnings for 2017 at $35.7 billion, while wall street analysts were estimating its sales of $35.3 billion. Amazon’s CEO, Jeff Bezos believes that the massive growth in the Indian market has helped achieve these sales for his e-commerce platform. Also, the trading that day closed at a record breaking number of $918.76. In India, Amazon is the most visited site, as per the data from comScore and SimilarWeb. Not only this, Amazon is also the highest downloaded online shopping app in the country, according to App Annie, an app analytics firm. But the CEO, Bezos says that it is still Day 1 for e-commerce in India, as he aims to gain
the numero uno position in the Indian e-commerce segment. Amazon has also announced 18 new series, especially for the Indian market, along with introducing a Fire TV stick that understands both English and Hindi commands. Along with this, significant growth can be seen in the Amazon Prime selection that is since Prime’s launch before 9 months, the Amazon team in India has led to an increase in its selection by a whopping 75 percent. Bezos said that his company will continue to invest in technology and infrastructure in India. Notably, this is the 8th consecutive profitable quarter for the e-commerce giant.
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Not Merchandise, Jimmy Choo itself is Up for Sale
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Businesses always need to experiment and try out new strategies for growth, success, and expansion. If not, it becomes stagnant which hinders the chances of progress. Jimmy Choo, the luxury shoe retailer is trying to take a big plunge by risking its currently stable business. If not, it becomes stagnant which hinders the chances of progress. The company also stated that the final decision will be made after reviewing its various options. Jimmy Choo believes that it can open up new ways to enable maximizing value of its shareholders with the help of adopting such strategic options. Well, this decision is not just a random burst of thought. The company took this decision after a comprehensive discussion about various pros and cons with its majority shareholder, JAB
Luxury. Apparently, the shareholder has also confirmed its support for this decision. Moreover, the Takeover Panel of Britain has agreed to welcome any kind of discussions with third parties regarding the sale of the company. This move will encourage the interested investors for striking a deal with Jimmy Choo for a formal sale process, that too in a confidential manner. Additionally, Bank of America Merrill Lynch and Citi Bank have taken the responsibility of looking after the sale process. Undoubtedly, Jimmy Choo is a potential as well as an appealing takeover, given its global acclamation. The most recent market valuation of Jimmy Choo is at $840 million, assuring interested investors about beneficial returns.
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Lloyds Bank keeping up with Technology by Laying off Branches With the advancements in technology, a growing number of customers worldwide are inclined towards online banking systems. Online banking system saves time and energy of customers and makes the banking procedures easier with the help of laptops and smartphones. Keeping in mind such advancements of the 21st century and other factors, Lloyds Bank announced plans to cut down a huge number of its branches. It intends to shrink hundreds of branches in the U.K and create ‘micro branches’ in terms of the manual workforce as well as the physical area. The bank has clarified that
this decision is a result of evident changes in the behaviour of customers and a majority of transactions becoming online. The shrinking of the branches will be followed by lay off in the number of employees as well. Each branch will have only a couple of employees, so few that you could count them on your fingertips. To be even more specific, every branch will have mostly just two employees carrying tablet computers for assisting customers with their queries. Also, to cater to the needs of customers, these employees will remain mobile. Moreover, in certain cases, the bank will definitely set up counters at large
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branches. This is in collaboration with its other ventures like Bank of Scotland and Halifax. Despite announcing plans of such a major layoff in terms of both branches and workforce, the bank is confident that it will still have the biggest network of branches among all the high street banks of U.K. Currently, the bank
has made an announcement that it will be closing 400 out of its 1,950 branches, which will cause a huge loss of 9,000 jobs. For complex transactions with businesses, and small and medium enterprise banking, the bank will continue having bigger branches having full range of activities.
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Lyft Waymo Collaboration May Rule the Field of Autonomous Vehicles
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Autonomous vehicles and its development has become more of a trend than just a technological advancement these days. This race of the automobile market is on a rage and evidently prominent automakers are now teaming up with the Silicon Valley experts. The latest collaboration for autonomous vehicle development is the Lyft-Waymo collaboration. Why does this seem to be a promising merger? Well, both the parties involved are really good at their respective jobs and this makes their partnership stronger. Not only the abilities of both the companies, it can be seen that that these two parties also have adequate financial support. Alphabet is the parent company of Waymo, the self-
driving segment of Google. Waymo will collaborate with Lyft, the ride-hailing app. In a report published in the New York Times, both these companies confirmed the news. This partnership will give a medium to Waymo’s self-driving technology. While for the ride-hailing company, it won’t have to develop selfdriving cars from the scratch, but just inculcate the technology provided by Waymo. So, this will become a winwin situation for both the companies, who have declined to declare the financial details of the deal. If all goes well, this collaboration might result in these two companies ruling the self-driving sector.
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Apple Inc. Not Far From the $1 Trillion Market Value
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Apple Inc. made a record in February 2015, when its market valuation reached $774.7 billion. But in the first quarter (Q1) of 2017, Apple made yet another record that broke all its previous records and became the first company to reach a market valuation of $800 billion. After this milestone, the Silicon Valley giant has undoubtedly become the first ever publictrading company to achieve this feat. Apple being the most valuable company in the Silicon Valley, has become even more valuable after reaching the $800 billion mark. To record this feat, not only in the Silicon Valley, Apple in fact has become the first giant company of the U.S to achieve this mark. The Cupertino company also saw an all-time high in its share prices at $153.99, a 0.6 percent rise due to this valuation. In market circulation, Apple has almost 5.2 billion shares. Moreover, Brian White, an analyst at Drexel Hamilton estimated Apple Inc.’s
12-month price target of per share at $202. This is a sign towards a major possibility that the Silicon Valley giant is paving its way towards hitting the mark of $1 trillion market valuation very soon. However, Apple is seeing a stagnant phase in the sales of its Macs, iPads, and iPhone units. Yet, the company is showing signs of growth in its market value. As a strategy for the future, Apple CEO, Tim Cook plans to target the higher-margin service segments like the App store and iCloud, along with bringing new products to the market such as the AirPod wireless headphones and Apple Watches. Even though Apple Inc. is not seeing a pink phase in its sales, we think that once the stagnant phase of sales is over, this company will strongly move towards the $1 trillion mark and it will manage to achieve the same. So even if reaching the market valuation of $1 trillion is maybe a few years away, it is definitely not a small speculation. Industry Leaders Magazine - June ‘17 | 023
LIVE GREEN SAVE GREEN... When Companies Adapt Green Marketing to be Ecologically Responsible It is a common human tendency that once we are comfortable in a particular pattern of life, we prefer staying that way unless we are given an urgent reminder that change is necessary. However clichĂŠ
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it might sound, but change is necessary in order to maintain an equilibrium in life. A more extravagant version of the everyday change is a revolution. History has witnessed numerous revolutions that took place whenever an individual or group of people decided that change was necessary for the smooth functioning
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of mankind. The nature of these revolutions varies on the basis of the problems of that particular time span and the needs of the people. Presently, there is a great need to curb the problems related to global warming and pollution. For this, environmentalists came up with the Green Revolution. The Green Revolution originally began in the late 20th century but one can find remnants of this revolution even now as the environmental problems have not subsided yet. Global warming has become such a widespread issue that countries across the globe are taking it seriously. In fact, not only environmentalists but also entrepreneurs are looking for alternate ways to cut down on the harmful effects of their business on the environment. This
inspired a school of thought called Green Marketing.
Origin of this concept
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for this revolution. As the world is dominated by new innovations and productions which are then made available in the market, people became aware that certain alterations in this industry might positively affect the environment to a great extent. Also, this term concentrates on the high quality of the products in order to make sure that the efficiency is not compromised upon in the name of an environmentfriendly initiative.
This school of thought first came up during the late 1980s and the early 1990s. Through this, we can get an idea that this concept is quite recent in comparison to the theory of green revolution. It can be said that green marketing is the business perspective
As already mentioned, the term Green Marketing was first used more than three decades ago by the American Marketing Association (AMA). This organization held its first workshop based on the topic of “Ecological Marketing� in the year of 1975. As the discussion of this workshop proceeded, it resulted in the drafting of the first book which addressed the topic of green marketing.
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What exactly is Green Marketing? Green marketing is an approach adopted by producers in the market who strive to not only make green products but also keep the entire process eco-friendly. It comprises of an extravagant variety of activities which are involved in the process of production right from the scratch to the selling of the product in the retail market. Therefore whenever someone uses this term, it is in the reference to the various processes involved during selling products or providing services to the customers related to the
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same. All these processes are kept environmentally friendly in all aspects. In a generic manner, people presume that green marketing is related to the marketing of a particular product. Well that’s not how it works. If we think of this in a logical manner, simply making the marketing process greener will not make a significant difference in the environment situation of our planet currently. This makes it important for the concept to be inculcated in a much broader sense in order to make it crucial for the sustainable development. Through the campaign of green marketing, companies promote conservation and preservation of the planet’s environment. This is an innovative way to put forward the agenda in front of the public by showing how major organizations of the world are working in this
direction to make sure that the message that stresses on the importance of sustainable development goes out to the people. Not only this, but nowadays even consumers’ demand consist of eco-friendly products to make sure that they can do their bit to save their homeland. Also if the company adheres to the demands of the consumer, it will result in better sales owing to consumer satisfaction. Hence it can be said that green marketing is not only beneficial for the environment but also for the pockets of these entrepreneurs. This is taking into consideration the fact that people are willing to pay more for a product as long as its ecological.
How does it work? When it comes to green marketing, the companies involved break the barrier of traditional marketing means and focus on promoting environmental values for the betterment of the human race. An aspect of green marketing is promoting the production as well as the consumption of such green products. Organizations working towards curbing global ecological imbalance along with global warming have alerted environmentalists as well as common men from across the globe to come up with ideas to stop or reduce the pace of the deterioration of our environment. Green marketing is a philosophy that works in the same direction. It emphasizes on the promotion of products created by ecological means
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without harming the environment as it will be beneficial in the long run. Production not only means the manufacturing of the product. It covers all the stages, right from selection of raw material to retail to the services provided to the customer. During the production, usage of any kind of materials which are toxic or might harm the ozone layer are strictly avoided. The materials must be recyclable even after their use. The raw material must preferably be renewable. Even while packaging, the use of excessive material is avoided. The product must be such that it can be reused in the future instead of simply throwing it away. If it has to be disposed, it must cause no harm to the environment. Industry Leaders Magazine - June ‘17 | 031
Companies that went green Method Products based in San Francisco produces nontoxic cleaning supplies which are also biodegradable enveloped in a minimalistic design. Founded in 2001, the company was called the 7th fastest growing private company in the U.S. by the year of 2006. This clearly shows that people were open to such a concept and wanted to promote the use of biodegradable products. The popular ice-cream brand Ben & Jerry’s is another example of a company that is also responsible towards the protection of the environment. What
initially started as a local ice-cream brand in Vermont in the year of 1978 is now a leader in the international dessert market. The company makes special efforts to make people aware about the harmful effects of carbon emissions on the environment. Not only does it preach, but it also practices. The tubs of ice-cream are made from paper which is purchased
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from producers that are ecologically responsible. It also works on conducting marketing strategies to promote green marketing on a larger scale. It takes up various issues related to the environment and tries to spread awareness about the same. When the thought of accelerated global warming terrifies the layman, he strives to do his bit to protect his planet. If we as an individual can make a difference, then these multinational companies can make a significant one. Green marketing is a win-win situation in all aspects. It is eco-friendly as well as financially profitable. Industry Leaders Magazine - June ‘17 | 033
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From ‘Will you?’ to ‘I do’... Diamonds may not grow on trees but this power couple produces them in labs Diamonds are a girl’s best friend, isn’t it? But, there is a reason these gems are crowned the glory of preciousness. The core reason is their creation process. Diamonds are mined from Mother Earth and even though scientists have tried creating fake diamonds, every effort of matching up to that genuine sparkle has failed. Scientists who are trying to achieve the quality that natural diamonds, almost since the 1950s have seen only little success, maybe just under a carat. Even though the process of creating diamonds is not an easy one, naturally mined diamonds have an industry as big as $80-$100 billion. The most beautiful diamond on earth- The Kohinoor has seen accolades from centuries for its beauty. Diamonds are all the more precious as it is used in rings creating an eternal bond of love- engagement rings. No doubt we can say that now, there are more refined processes in the recent years for manufacturing man-made diamonds. The level of extreme pressure and temperature beneath Earth’s core creating natural diamonds can now be stimulated with developed and advanced machinery and manufacturing processes.
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Engagement Ring Becomes a Problem for the Power Couple IIn 2011, Lindsay Reinsmith and Jason Payne who were getting married were in search of the perfect diamond ring, just like any other couple. But they ran into a big time problem, a sort of a first-world environmental problem. The couple, who were not comfortable using mined diamonds, wanted something more vegan, ethical, and sustainable for their engagement ring. Reinsmith knew that tracking the origin of natural diamonds would become a toiling process. But she also wanted to make sure that the gem used in her engagement ring did not have any human rights issue or environmental damage issues related to it. This led the couple
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to set on a quest searching for perfect man-made diamonds. Eventually, they understood that this was a difficult feat. What next? Well, the couple then decided to create their own man-made gems, and thus Ada Diamonds was born. Ada Diamonds is a start-up online business in Sunnyvale selling customized jewelry created by using man-made diamonds; basically it is the baby of a power couple who preferred conflict-free diamonds over mined ones.
Ada Diamonds- Reinsmith and Payne’s Baby grown out of Love This diamond couple creating manmade gems strongly believes that fresh new ideas aided by powerful technology can certainly revitalize the gem industry. Jason Payne says that his baby- Ada Diamonds offers meaningful diamond jewelry to the world by offering a combination of innovative designs, superlative craftsmanship, and cutting-edge technology. Named in the honor of Countess Ada Lovelace, this company created by the husband-wife team operates like
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a premium Champagne house. It selects the crème-de-la-crème from the supreme diamond growers worldwide, and creates all its elite jewelry in the United States. The power couple promises to brighten the world, not just the customer’s world. This man-made diamond business was launched in September 2016 with more than 100 bridal and fashion pieces of collection. This ranged from a variety of simple pendants and studs to even the most intricate premium jewelry. Ada Diamonds offers a unique, almost online, high touch concierge program wherein the jewelry is made-to-order for the clients and the collection is fully bespoke.
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Diamond Couple’s Signature Lavoisier Process Lavoisier process is the company’s signature process wherein an individual can supply ‘donor’ material to Ada diamonds, as most of the physical objects contain ‘carbon’, the keystone ingredient for creating truly bespoke diamonds. The company sends a small graphite container, which is known as ‘crucible’. You can fill the crucible with anything that you like. Customers’ crucibles are filled with various items ranging from fabric, wood, baby teeth, ashes, corks, flowers, photos, to even locks of hair. Now isn’t that something really interesting?
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After this, the crucible goes through a process through which the contents are ‘cooked’ down into pure carbon. This carbon is then placed into a high-pressure and high-temperature diamond press. This whole process can take up many weeks for the final output, and it is significantly twice the rate in comparison to any other regular lab-grown diamonds. Yet it almost 20 percent less expensive compared to a diamond mined from the crust of the Earth. Moreover, as Ada diamonds work with their clients on an individual basis for creating intricate pieces of jewelry, it can cater to demands and exact specifications like clarity, carat weight (up to 5 carats), colors and even the cut. Given the highly advanced technologies, the white diamonds of Ada have comparatively fewer defects and impurities than Earth mined diamonds. Also, they have almost the same crystal structure, optical and physical properties, and chemical compositions as mined diamonds. In fact, they are even 99.999 percent pure carbon which makes them stronger, brighter, and of course whiter than most of the mined diamonds from Earth’s crust. So, all the lovers and safe environment advocates, now you know which diamond is apt for your dream proposal, don’t you?
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Quality? Zero Compromise! Payne says that there are some reasons due to which these custom-made diamonds are a tad-bit expensive. Processing and purifying the donor materials to highpurity graphite have additional fixed costs attached to it. Additionally, as the novel materials are introduced into the growth cells, the growth cycle failure rate also increases. So, more growth cycles are necessary to make sure that the rough diamond is properly grown which can satisfy the request of their customer. Moreover, it is necessary to cut the rough diamonds according to the specifications by the customer. This can lead to the need for discarding almost 75 percent or more weight of this rough diamond. Payne and Reinsmith do not believe in compromising and this why they take utmost care of each creation, be it custom-made jewelry or their featured collections. Payne says that they can create anything that their customers’ can imagine.
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A Luxurious Connection This power couple has not just given high-end bespoke diamonds to the world but also created custom jewelry for premium automotives like the Rolls Royce and Koenigsegg. Ada has created bespoke custom jewelry especially for Rolls and named this collection the ‘RR’ collection. It includes dainty diamond necklaces and earrings for women, and exquisite diamond tie pins and cufflinks for men. It also supports this automotives’ events by styling product specialists at auto shows, photo shoots, and other such happenings. Another high-end automotive car, the Koenigsegg Agera RS sports car which is named ‘Naraya’ featured Ada diamonds. Inlaid in 18-karat gold, 155 yellow lab-grown diamonds created the unique nameplate for this supercar. It also went on to bag the top honor at 2016’s Salon Prive Supercar Show, which was held in Blenheim Palace. Featured collections from the power couple’s abode like lab includeBridal (really, this does not need any
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description), Ada (bringing creations of skilled jewelry artists from the world to life), Daily (a collection designed for the weekends or workplace), Delicate (petite designs at $500 for special occasions, any achievements, or holidays), Strong (bold rings, necklaces, and other accessories made totally out of microscopic diamonds), and Signature (well, certainly Ada’s premium impeccable designed jewelry made out of the best diamonds on earth). With an array of such exquisite collections, confusion is bound to happen while selecting the perfect piece of jewelry. Industry Leaders Magazine - June ‘17 | 045
Breaking Apart From Mined Diamonds Is the world going to accept lab-grown diamonds with as much love as it exudes towards the mined counterparts? Well, that remains a question unanswered. But there are certainly a few noticeable points that we can throw light on. It can be considered a victory in real sense for human rights, environment, and diamond supply chain transparency with the lab-grown diamonds. The process of mining natural diamonds is of course energy intensive and also invades the
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ecological systems. Not only that, it also affects fragile ecosystems of the globe. Whereas, diamonds grown at this power couple’s lab are sustainable and vegan, meaning they are conflictfree and manufactured in controlled environments. Also, customers can be rest assured about the origin of Ada’s bespoke jewelry. These distinctive pieces of intricate jewelry are created very much in the U.S. itself, with the help of advanced technology, brilliant artistry, and harmless raw materials. Well, it definitely protects the environment along with costing lesser than its natural counterpart, and it does not even fail to deliver spectacular pieces of jewelry for any occasion. Regarding the future of lab-grown gems, Payne believes that it is not necessary to displace or move out the natural diamond-mining industry. He says that the most important aspect is improving the size and purity of such lab-made diamonds, that too for scientific and computational purposes. He says that a time will come some years down the line when a transition of computer chips being fabricated on such lab-grown diamond wafers in place of silicon wafers will happen. Even though it takes years for lab-grown diamonds to disrupt the natural diamonds’ market, this power couple is progressing towards a rock-solid future beyond any doubts.
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Just Two ThirtySomething Programmers in T-Shirts
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…who now own a billion dollar startup If you look up Dan Kan on any search engine, the first thing you’ll find is that the 29-year-old entrepreneur was rejected by 35 potential employers. Does it ring a bell? Alibaba founder Jack Ma was rejected from 30 jobs, including KFC which he set out to buy later. Dan is the co-founder of Cruise Automation, a startup that was bought by General Motors in March for a head-turning cash and stock deal north of $1 billion. Unlike Jack Ma, Dan is yet to buy one of the companies that rejected him. There’s plenty of time for that! Entrepreneurship runs in Dan’s family. His mother started her own real estate business in Seattle in 1990s. Dan’s older brother, Justin, who is also an entrepreneur, launched the online video platform Justin.tv in 2006, which later became Twitch. Throughout his life, his family has been a constant source of inspiration and support to him. Even now that he is the co-founder of a $1 billion unicorn, Dan still shares an apartment with his brothers who contribute immensely to the Silicon Valley. As you know, the connections have helped him gain a foothold in Silicon Valley. Relationship building can be extremely important in Silicon Valley. With the right mindset, one can – outreach to people and together, create something of value. It’s hard to build a network Industry Leaders Magazine - June ‘17 | 049
organically, and Dan is grateful that he has his brothers who share the same interests and the ecosystem with him. During his senior year of college, Dan wanted to be nothing more than a financer. He applied for 35 jobs, mainly in the finance sector, and received 33 rejections! One of the most fruitful opportunities he received was for teaching English in South Korea. However, he opted for an opportunity to work with an emerging San Francisco startup, UserVoice, Softwareas-a-Service (SaaS) company creating customer engagement tools. After a brief stint with UserVoice, and encouraged by his brothers, Dan started a company, a couple of times. In 2011, he established Appetizely, a startup that built iPhone apps for restaurants that lured customers with coupons during periods of low traffic. Dan had built more than a two dozen apps before Apple said it wanted all the Appetizely iPhone apps to be combined into one because the functionality was so similar. Now, Dan couldn’t offer to each restaurant its own app, and so within a few months of launching, he shut Appetizely down. Later that year, Dan launched Exec, an on-demand personal assistant service. Most customers exclusively used the app for house cleaning. And so, Dan pivoted the startup to focus on house-cleaning on-demand services. While the app was more successful than any of Dan’s previous app, the founder wasn’t passionate about it. In 2014, Dan sold the on-demand personal assistant service to San Francisco-based on-demand service company Handy, a rising star in the on-demand space. After selling Exec, Dan
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partnered with Kyle Vogt, who was a co-founder against Justin.TV and Twitch, to create something new. Dan Kan has been obsessed with the future of mobility, especially artificial intelligence and autonomous cars. The same year, he joined Vogt to begin working on Cruise Automation. The Silicon Valley company developing autonomous-vehicle technology is best known for having create a self-driving car startup kit that allows buyers to convert any Audi A4 and S4 to a self-driving car for $10,000. In March 2016, the world’s largest automaker, General Motors Co. bought Cruise Automation, then a 40-person startup, for a whopping $1 billion. Dan Kan and Kyle Vogt have now become the youngest senior directors at General Motors, a role most auto-industry veterans would have to work hard for at least two or three decades to get a shot at. Not even the swankiest job in the Wall Street would have gotten him where they are after the deal.
The One with the Midas Touch Cruise Automation is Kyle Vogt’s second billion dollar startup in two years. Ten years ago, when Dan Kan’s brother Justin Kan and Emmett Shear sent an email to the MIT engineering listserv, requesting a “hardware hacker” for an unspecified project, Kyle Vogt replied. Back then, Vogt was a shy student fascinated with robotics and AI technology. He went on to co-found Justin.tv, Socialcam, and Twitch. At Cruise, he took Industry Leaders Magazine - June ‘17 | 051
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three months to build it from scratch to a prototype, including the hardware and the software. Vogt has achieved what few entrepreneur even dare to dream: the Midas touch. In 2014, Twitch was sold to Amazon for just under $1 billion. Cruise Automation was sold to General Motors Co. for even more. Vogt’s longstanding obsession with robotics earned him the title ‘Robot Guru’. He was a part of the early self-driving car experiments at MIT. He even interned at Roomba-maker iRobot and finished two seasons of BattleBots. He has also displayed an aptitude for poaching talent. At Cruise Automation, he hired Andrew Gray, an early member of Tesla’s autopilot team, as its VP. It’s tough to imagine Vogt, who has spent his career buzzing from one billion dollar startup to another, will stay at the 99-year-old Detroit-based car maker. Yet, people who are close to him insist that he is dedicated to staying at the company. In 2018, thousands of self-driving Chevrolet Bolt hatchbacks will go into service for the ride-hailing company Lyft. All electric-bolts are equipped with a 360-degree vision system comprised of laser LiDAR, cameras and radar, software and n OS developed by Cruise as well as a cloud-connected communications system. Kind of crazy how two early thirty-something programmers in t-shirts have created billion-dollar businesses, and don’t show any signs of stopping. They’re wicked, smart and ambitious entrepreneurs who can more than just code. It’d be wrong to call them Silicon Valley disruptors when in fact, they contribute to the world on a much larger scale.
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stor y
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Changing Face of Elite B Schools
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stor y When the Harvard Business School was founded in 1908, the school became the first postgraduate school of business to require an undergraduate degree for admission. A future Harvard president Abbott Lawrence Lowell went on to call it a “great” but “delicate experiment.” Today, the school is indisputably a marriage between its prestige and intellectual pedigree and has been yielded as an institution that not only teaches the fundamentals of business education, but also provides its students an overwhelmingly “unrivalled opportunity”. As Duff McDonald puts it in his book “The Golden Passport: Harvard Business School, the Limits of Capitalism and the Moral Failure of the MBA Elite,” the school
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has become a “money machine unto itself.” HBS had even helped the U.S. win World War II. The school was a brand of the military, and helped with statistical work in managing people, materials, getting them to the right place at the right time. But, to many economists, its transgressions loom larger. For decades now, HBS has provided the ideological foundations for the junk-bond financing in hostile takeovers resulting in the rise of not-so-legitimate chief executives and corporate raiders – all at the left, right and center of a violent collapse. In fact, it has picked up steam in more recent decades starting with the avalanche of corporate accounting scandals of
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stor y
the 2000s; the shocking increase in the pay gap between chief executives and ordinary workers; and even the real estate crash and the ensuing financial crisis. While the actions of many leaders remain a subject to spirited debate, many out of the most prestigious business schools are credited with extenuating the damage and saving the economy from an even worse catastrophe. Given the large number of business grads in high-ranking executive positions from some of the most prestigious business school, it’s inevitable that many would be ensnared in some sort of global catastrophe. This raises the question: Do we need our business schools to play a part in helping more people who think about business rediscover a purpose rather than profit?
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stor y Business Education is a kind of cash cow Critics of modern business education have vehement complaints. For instance, the chief executives of the Big Five are card-carrying M.B.A.’s. In recent years, top business schools have shipped more than 40 percent of graduates in to the world of finance. But, with the economy in disarray since 2008, and so many financial firms in the free falls, many educators and analysts are wondering if it is the way business students are taught may have contributed to the most serious economic crisis of the century. Business school today have become, in many way, scientific and too detached from real world problems. Business grads are given a limited and Industry Leaders Magazine - June ‘17 | 060
distorted view of their role – they graduate with a sharp focus on maximizing shareholder value and only a limited understanding of ethical and social consideration essential to leadership. Many of these shortcomings have left high-ranking executives inadequately prepared to make decisions that might have helped mitigate the financial turmoil. As a matter of fact, employers and headhunters also question the value of a management degree. What’s the point of a graduate degree if at the end of the day business schools are only minting morally detached, singleminded fortune seekers.
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stor y Back in 1950s, a study commissioned by the Ford and Carnegie Foundations noted that mediocre faculty and curriculum which narrowly focused on vocational skills has greatly added to the imbalances on campuses and in the economy. In some of the top business schools, changes are under way in courses and curriculums. Business graduates are taught to be long-term economic stewards rather than agents who maximize the shareholder wealth. Yet, employers are questioning the value of an M.B.A degree. A research project by two Harvard professors published in 2008 found that employers valued business graduates’ ability to think through intricate business problems. And so, a growing number of business schools are now finding valuable lessons from the economic crisis. As a matter of fact, big schools like Harvard Business School and The Wharton Business School are now considering to make their courses more global and put more emphasis on leadership skills. More so, Harvard is even assembling cases based on the events of the last decade, including issues involving accounting practices, for instance, the JPMorgan Chase’s acquisition of Bear Stearns. In the year 2006, Yale School of Management introduced cases based on the financial crisis on their curriculum to offer interdisciplinary perspectives on complex problems. The Aspen Institute, meanwhile, has developed a curriculum in conjunction with the Yale School of Management that is aimed
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stor y at teaching students how to act upon their values at work. About 55 business schools, including Stanford, Northwestern and MIT are using a part of it in pilot programs. Moving along, the Aspen Institute also produces an annual report ranking business school on how well they integrate social and environmental issues into curriculums. At the Stern School of Business of New York University, professors recently wrote papers analyzing the economic crisis and offering policy recommendations that have been now combined in a book. Management is a profession much like law or medicine. Accountants, doctors and lawyers are not immune to wrongdoing or poor
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judgement, and they have long been taking certification exams and promising to act ethically. It requires a code of conduct as well as continuing education. Some of the best known business schools worldwide now promote standards for sustainable business practices, with a renewed focus on the social value of management. Today, business schools face intense criticisms from students, employers, and even the media for failing to instill norms of ethical behavior. Deans of some of America’s most prestigious business schools agree that the main culprit is the lessthan-relevant MBA curriculum. In the recent decades,
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stor y leading B schools have adopted a model of science that uses statistical multiple regressions, laboratory psychology and abstract economic analysis. Business is not an academic discipline like geology or literature. It’s a profession, similar to medicine and the law, and business schools are professional schools. Like other professions, business calls upon the work of multiple academic disciplines. For business, they include psychology, philosophy, sociology, mathematics and economics. Business education has evolution to a very generous extent in the last hundred years. Historically, business schools have emphasized on educating practitioners and imparting knowledge through research. Remember, when MIT’s Sloan School of Management was known as MIT School of Industrial Management and its production class was taught by the manager of a nearby General Motors assembly plant. In the booming postwar economy, nearly all of the nation’s elite MBA-granting institutions began to treat their schools almost as seriously as law schools. However, in the process, their focus switched, and now most B schools use the scientific approach. By allowing the scientific research model to thrive, business schools are now driving out all other models. Deans say they reward practitioner-oriented research, and yet their schools rewards scientific research
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stor y designed to please academics. By promoting individuals who publish in discipline-based journals, B schools are setting an example that it is okay to be a professor of management and never have set foot inside a real business. Today’s professors know more about academic publishing than about the problems of the workplace. For instance, business graduates are made to study case studies, which makes it an integral part of the educational process. The most elite B schools are the most intellectually exciting places in academia. Yet, the loss extends far beyond the traditional classrooms. Employers are noticing that freshly minted MBA, even from the most prestigious B
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schools, lack skills their organization needs. Why can’t B schools operate ventures that function like the equivalent of a law-school teaching law firm? Perhaps, the reason is that corporations hire MBA with narrow specialities. They support B school, donate money in millions and not demand enough that the institutions purport to support their needs. This is ironic. Aristotle taught that leadership consisted in the ability to identify and serve the common good. This requires an education in moral reasoning, which includes logic, philosophy, literature, theology, and history. B school’s lack of offerings in humanities is a serious drawbacks. Why have B schools abandoned other forms of knowledge?
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big T I C K E T
Luxury Comes at a Price: The World’s
Most Expensive Luxury Yachts
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Just when I thought that I was doing reasonably well on a financial basis, life decided to give me a hardcore reality check. I realized that I lived in a bubble. Having a comfortable apartment with a functional car and a stable job is not satisfactory. Am I dreaming too less or are other people’s expectations too high? I don’t have an answer for that. But if you have a look at what I have to offer, you will start questioning your life goals too. An insight into the world’s most expensive luxury yachts will surely leave you spellbound. A majority of us would have marveled looking at such exquisite yachts in movies or visited them on holidays. Owning them feels like a farfetched dream. But knowing about these fancy yachts won’t cost us a penny. So here is a list of the most expensive luxury yachts in the entire world. As you read further, the more extravagant ones will keep intriguing you.
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8. Dilbar The Dilbar Superyacht was built in the year of 2008 by Lurssen Yachts. But currently it belongs to a Russian businessman Alisher Usmanov who purchased it in 2016. After this purchase, the current market value of this yacht is said to be $263 million which is named after the mother of Usmanov in her loving memory. This yacht is one of the largest yachts of the world along with being one of the most expensive ones as well. This yacht spreads out on an area of 360.89 feet in length. This itself gives us an idea about the extravagant size of the yacht. Even though it is so humongous, the billionaire businessman who owns it often uses it simply as a mode of transport to visit one of his many private islands. Consisting of comfortable amenities like a swimming pool and a helipad, it also has luxurious facilities as well. The yacht has space for accommodation of 20 guests and around 48 crew members. Obviously, the staff serving these guests will be more than the actual guests as that’s how the esteemed class travels. With a height of over 50 feet, it adds an age to the huge size of the boat making it the largest one in the entire world.
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7. Al Said If you observe those roads or special structures that are named after people, you will notice that properties are named after people who are either legendary or even above the rich line. This yacht is also an example of such a property named after his owner which gives us an idea about his regal nature. The owner which has inspired the name of this luxury yacht is dubbed Sultan Qaboos Bin Said Al Said from Oman. When the yacht was under construction, it was the second largest one in the world. Right from the time of its construction, it was worth $300 million. This cost was despite the fact that it was mainly built from an aluminum super structure. The luxury yacht has the ability to go up to 20 knots and has the capacity to accommodate 70 people. This number is excluding the 154 crew members that are already present on the boat. For social entertainment purposes, the yacht has a concert hall as well which can host an exceptionally large orchestra. The Sultan is very particular about his privacy due to which there are absolutely no photos of the interior part of the yacht. Well, talk about exclusivity!
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6. Superyacht ‘A’ The size of this yacht didn’t particularly impress us, in comparison to the money spent on building it. But maybe the owner believed in keeping his circle small and the facilities state-of-the-art. The yacht can house only 14 guests and has a crew of 42 people. As you may have guessed by now, the money is not for the size or the exterior but the interior that is equipped with almost every modern comfort that one can imagine. The three swimming pools on board have an opposing current due to which the guest gets the feeling of swimming amongst the currents. In case the guest intends to travel to land for recreation or any other such activities, the yacht has two boats for it. The master suite alone has the space for six guests. Such features are expected as if one is spending $325 million on a yacht, he would at least expect the latest entertainment facilities and luxurious comfort.
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5. Dubai This luxury yacht has a series of heritage which one can date back to years ago. As the yacht has traveled through time, it has also been known by various names. The wealthy Prince of Brunei called it the Golden Star, which was followed by the ownership of Sheik Mohammed bin Rashid Al Maktoum. Preciously called Platinum 525, the yacht was last purchased by the Sheikh of Dubai and from there comes its current name. The accommodation capacity of this yacht is impressive, as it can house 115 people on board. This is the present second largest yacht in the world. This yacht is perfect for tropical needs in case a guest wants to simply laze around in the sunbathing area or unwind in one of the several Jacuzzis. Apart from this, the interior is tastefully designed with intricate yet handmade mosaics and a grand staircase in a circular motion which is made of glass. These facilities come at the cost of $350 million.
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4. Azzam Another production by Lurssen Yachts, this luxurious boat beats even Dilbar at its own game due to its exorbitant approach. This goes without saying as Azzam was purchased at the price of $650 million, which is almost three times the price of Dilbar. The President of the United Arab Emirates and Emir of Abu Dhabi, Sheikh Khalifa bin Zayed al-Nayan recently purchased this luxury liner. The makers of this luxury yacht claim that it is the most challenging and complex yacht that has ever been built. This can give us an idea about the durability and high quality of the boat as well. The 590 feet long yacht has attained the position of the largest privately owned yacht in the entire world. Despite its humongous size, the superyacht boasts of crossing the fastest running speed of a yacht that is more than 30 knots. The interiors have been given a sophisticated yet luxurious finish by the French interior decorator known as Christophe Leoni. He states that the interior has been inspired by the century Empire style of living. Industry Leaders Magazine - June ‘17 | 080
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3. Streets of Monaco It won’t be wrong to say that this luxury yacht is one of the most unique ones among the list. This is because owing to its name, the yacht is a replica of the city of Monaco. It seems like the modeled version of Monte Carlo is floating on the surface of water. At an extravagant price of over $1.1 billion, this yacht is nothing like the traditional luxurious boats one might come across. This is because it is made of comparatively miniature representations of the billionaire lifestyle of Monaco. The makers of this yacht, Yacht Island Design of Derbyshire County in England have tried to recreate all the famous spots of Monaco such as Café de Paris, Carlo Casino and racetrack, Hotel de Paris, Loews Hotel, and La Rascasse. This luxury liner consists of seven guest suites which can house up to 16 people. These suites are accompanied with bathrooms, dressing rooms, reception rooms, and balconies. It can be said that living in this yacht would give an experience of living in a personal mansion with the crew hovering all around you. The Street of Monaco has a unique café bar which provides an underwater view, barbeque facilities, submarine, helicopter, and also a mini waterfall. This itself shows that it is not only a city but a dreamland in itself.
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2. Eclipse It seems like Russians have a knack for expensive yachts. Another Russian billionaire owns the Eclipse which is worth $1.5 billion. Blohm and Voss of Hamburg have built this 536 feet long yacht. Due to its huge size, the luxury yacht can easily accommodate two swimming pools, two helicopter pads, several hot tubs, 24 guest cabins, three launch boats, a disco hall, and a mini-submarine which is capable of submerging up to 50 meters under the surface of water. Apart from the luxuries, Eclipse has updated security systems as well. The luxury liner is equipped with various intruder detection systems and a missile defense system. The master bedroom and the bridge on the yacht are made up of bulletproof windows and fitted armor plating. One of the most astonishing features is that it has anti-papparazzi shield which sweeps lasers in the surrounding areas. A light directly shines on the camera so that the photographer is unable to capture anything.
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1. History Supreme So we have finally come to the most expensive yacht of the world. Lets first begin with what you all are eager to know, the price of this yacht. An anonymous Malaysian businessman purchased this luxury yacht at the price of $4.5 billion. The yacht which is 100 feet long has been designed by the internationally acclaimed UK luxury designer, Stuart Hughes. He took over three years to complete this yacht and on looking at it, everyone will agree that the wait was worth it. The exorbitant price of the yacht is because of the use of solid gold and platinum in this luxury liner. The designer has used more than 100,000 kg of such precious metals. The master bedroom has a wall made from a giant meteorite rock and a statue made from the genuine bones of a Tyrannosaurus Rex. This master suite also has 68 kg 24-carat gold Aquavista Panoramic Wall Aquarium and a liquor bottle which consists of an extremely rare 18.5 carat diamond. This diamond alone is worth $45 million. Along with the yacht comes an iPhone that is wrapped in 500 cut diamonds. It has two spare interchangeable diamonds for the home button. For this home button, there is a rare 8 carat diamond and a 7.4 carat pink diamond. The facilities of this yacht are such which a human would not even possibly dream of!
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imminent trends
The Changing Face of Solar Industry By the mid-century, the sun could be the largest source of energy. ‘2050’ is not a distant dream, and solar energy will not only be ahead of non-renewable sources like fossil fuel, but it will also lead the pack of renewable sources like hydro, nuclear, and wind energy, as published in the October 2014 report of an International Energy Agency (IEA). First-world countries like the U.S, China, and Middle East that have been dependent on fossil fuel have drastically adopted renewable sources of energy in the past years. Another IEA report published during January 2015 mentions that solar energy even overtook wind energy by becoming the most invested-in renewable energy segment during 2011. Industry Leaders Magazine - June ‘17 | 088
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imminent trends A similar IEA report of 2014Renewable Power Generation Costs, mentions that geothermal, hydropower, biomass, and on-shore wind, all these are cheaper or competitive with coal, gas, and oilpower stations, despite the given decline in oil prices. Solar photovoltaic (PV) power leads the cost decline, with solar PV module costs seeing a fall at 75 percent since the end of 2009, and the cost of electricity from the utility scale solar PV seeing a fall at 50 percent since 2010.
Solar IndustryTuning in to the Present Enter the present years of 2016-17 and we can significantly observe that this industry is seeing nothing but a tremendous surge in the market. Yes, there are specific investments that need to
be made in any energy source but comparatively; solar energy has very low on-going costs. What’s more, the source is totally free! It can also be said that with advanced technology and high demand, the costs for solar energy will keep lessening. China and U.S are leading the surge in the solar industry. Leading to the solar rush in the U.S and China, the amount of solar power added globally rocketed by almost 50 percent during last year. In 2016, new solar PV (photovoltaic) capacity reached over 76 GW (Gigawatts). This can be considered a dramatic increase compared to the installation of 50 GW (Gigawatts) during the year before. In 2016, both China and U.S doubled the amount of solar power that they had added during 2015. According
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imminent trends to compiled data from Europe’s solar power trade body, there is now 306 GW (Gigawatts) of solar power capacity globally, which is up from just 50 GW (Gigawatts) in 2010.
Saudi Arabia Looks Ahead of Oil Industry – Vision 2030 Solar Industry is not seeing progress in just the U.S and China but also in oilaffluent kingdoms like the Saudi Arabia. In 2012, the Saudi government threw light on their plans to invest over $100 billion for clean energy projects by 2030 for generating 41 GW (Gigawatts) of energy. As a part of a move to source electricity from the solar and wind energy by 2023, Saudi’s energy minister,
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Khalid Al-Falih said that the nation will start soliciting bids for a major renewable energy push. Vision 2030 was a rather ambitious mission of Prince Mohammed bin Salman, with a goal to generate almost 30 percent of Saudi’s electricity from the renewable sources of energy. Currently, oil is the numero one source of revenue for this oil-rich kingdom, but Vision 2030 was all about pushing the economy towards a longterm goal. A goal that aimed to move beyond the sole source of income being oil, to other resources also. Despite the ambitious plan that Vision 2030 was, it was scaled back by the government. Fast forward to January 2015, when the Saudi government set more realistic targets, which was 14 percent of the nation’s
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imminent trends then current generating capacity, i.e. 9.5 GW (Gigawatts) by 2030.
U.S’s Biggest Year for Solar Energy
Vision 2030 is important as it will play a key role in an even far sighted goal of the kingdom. Saudi has an aim of becoming a leading exporter of solar energy (from oil behemoth to solar!) in the Middle East. This makes the Vision 2030 plan a strategic priority regarding the Saudi Arabian Economy.
Regarding the solar energy industry, 2016 can be touted as U.S’s biggest year till date.
Well, as far as solar industry in the Middle East is considered, it can be said that Saudi Arabia has influencing powers due to its regional dominance. This is the reason it can play a crucial role to proliferate the importance and practical use of renewable sources like solar energy in the Middle East.
Notably, U.S installed around 14,800 MW (Megawatts) of solar PV during 2016 with an aim to reach 42.4 GW (Gigawatts) of the overall installed capacity. Significantly, this is enough to power almost 8.3 million American homes. (Definitely a major progress!) It also represents a whopping 95 percent increase compared to the previous record of around 7,493 MW (megawatts) in 2015. The figures released in the 7th annual report of solar employmentThe National Solar Jobs Census 2016, by The Solar Foundation shows
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imminent trends that the growth of solar capacity is almost double than the one seen in 2015. The Solar Foundation is a non-profit (solar) advocacy group. As a first, solar capacity of the U.S ranked as a number 1 source for new electric generating capacity addition, that too on an annual basis. As a sum total, the solar capacity accounted for about 39 percent of the new capacity additions in all the fuel segments during 2016. Abigail Ross Hopper, Solar Energy Industries Association’s (SEIA) President and CEO says, “What these numbers tell you is that the solar industry is a force to be reckoned with. Solar’s economically winning hand is generating strong growth across all market segments nationwide,
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leading to more than 2,60,000 Americans now employed in solar.”
Employment sees a Surge in the Solar Industry Yet another feat achieved by the U.S is that solar industry employed around 2,60,077 workers during 2016, which is almost a 25 percent jump compared to 2015. This jump, according to a report released by The Solar Foundation, was driven by a tremendous increase in the solar panel installations. Moreover, it can be noticed that the rise in solar installations did not take place just out of the blue. It is caused due to a significant decrease in the costs of solar panels, and the growing demands from customers, says
Andrea Luecke, Executive 2016. One out of 50 new Director and President of American jobs during The Solar Foundation. 2016 was in the solar sector. Not only this, the An interesting thing to solar industry added notice here is a study around 73,615 new jobs released by the U.S to the ever-increasing U.S Department of Energy economy during 2016. (DOE) prior to the solar Furthermore, the wind jobs census. It observed sector added 24,650 new that in comparison to the jobs. Luecke says that coal power plants or the these are well-paying natural gas plants, more and family sustaining Americans work at the jobs having low barriers solar plants. The DOE to entry. Adding to it, she report found that around says that the number of 3,74,000 Americans solar industry jobs will work in the solar industry. increase notably by 10 Whereas, in comparison percent in 2017. to this, only around 1,87,117 workers are There are many employed at various companies like the Sunrun natural gas, oil, and coal Inc., Canadian Solar Inc., power plants. and the SunPowerCorp. who are hiring as a part of This report projects their gearing process for that there is a 10 an estimated 29 percent percent increase in the increase in the installed employment rate in capacity during this year. the solar sector during
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imminent trends This employment boom in the solar industry can be credited to the construction work that is associated with the expansion of generation capacity. Electricity generation from natural gas saw an increase of 33 percent during the same period, while electricity generation from solar power saw an enormous expansion by almost 5,000 percent.
Year of Firsts for the U.S
firsts regarding its solar market in 2016. One more first added to this list is the non-residential installation growth. Since 2011, for the first time it surpassed the residential growth in the solar sector. U.S saw a spectacular 2016 for its solar industry, as a result of which the nation is now home to over 1 million solar PV installations, that has a cumulative capacity of more than 40 GW (Gigawatts). According to the Bloomberg New Energy Finance, the total PV installations are estimated to be 10.8 GW (Gigawatts), after seeing a surge of 72 percent to a major 12.4 GW (Gigawatts) in 2016.
The success in the solar capacity is massively driven by the utility scale segment, as it not only represents the MW (Megawatts) installed, but also features the highest growth rate across various segments, The Solar Energy a whopping 145 percent Industries Association compared to 2015. (SEIA) says that with over 1 million household solar U.S has seen many installations throughout
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imminent trends the nation, and a record breaking growth in the utility scale market, the solar industry will almost triple over a span of the next 5 years, also surpassing the mark of 100 GW (Gigawatts) nationwide.
The Best is on the Cards This is truly a changing face of the solar industry, and it can be evidently seen that it is growing by leaps and bounds. Breakthrough technological advancements are being made by researchers, as a result of which the thing that was once bulky, less efficient, and of course expensive, is now on the road towards becoming easily accessible, more efficient, and even cheaper, consequently with the passing years.
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Crowd funded inc.
THE TESLA SHOW
Is Tesla’s current valuation just a bubble - or is battery the future of car business?
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Crowd funded inc.
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About a month ago, Tesla Inc., the 13-year-old electric car company, briefly leapfrogged General Motors and Ford in value, as it reached $50 billion market cap and kept on climbing. As far as investors are concerned, the latest milestone is just another point of bewilderment. Tesla delivered just over 76,000 vehicles last year, and has reported two profitable quarters in its short history. General Motors shipped 10 million cars in 2016 and raked $9.4 billion. Tesla doesn’t ship nearly as much cars as Ford, GM, or Volkswagen. The fact that the Wall Street views the two companies differently appears in the sign that Tesla’s stock value has now topped Ford’s and is about as much as General Motor’s. Tesla chief Elon Musk has set hard-toreach growth goals for the electric car-maker, aiming to deliver 500,000 vehicles in 2018 and close to 1
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million vehicles by 2020. Even if Tesla is able to meet these targets that still wouldn’t justify the valuing Tesla more than Ford or GM, which already ship millions of vehicles every year. The relatively low market capitalization of Ford and GM appears to also be a red flag that investors are cynical about the auto industry leaders’ prospects. Observers predict that over the next decade, the car industry will shift from human-driven, gasoline-powered cars to diverse mobility, autonomous, and electrified vehicles. Automakers anticipate that they’ll be able to cruise this evolution without a glitch, but Wall Street thinks otherwise. Wall Street sees Tesla, not centenarian automakers like Ford and General Motors, as the future of mobility.
Tesla Motors is like Apple To understand what exactly is happening in the market right now, it’s worth revisiting the
story of Nokia’s rise and fall in the cellphone industry a decade ago. Back until 2007, the cellphone market was widely dominated by Nokia with 440 million units shipped annually, followed by Motorola with 164 million units. Apple released the first iPhone that year, however, it sold shipped than 4 million units. Analysts at the time dismissed Apple as a minor player. Of course, what most analysts missed was that the cellphone industry was about to change. The good, old-fashioned cellphones were now overthrown by the iPhone and a new wave of Android-based smartphones. Nokia executives were not the least bit bothered. They didn’t have the iPhone OS, but they had plenty of high-profile engineers and strong partnerships with mobile network operators from around the globe. They expected they’d be able to launch a better smartphone OS and still remain a major player in the smartphone business.
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Delivering an iPhonequality smartphone proved to be difficult than they had expected. Attempts to create its own software backfired, and a lucrative NokiaMicrosoft partnership failed to gain momentum. Once the world’s largest mobile phone company, Nokia was forced to sell its mobile phone unit to Microsoft in 2014 – a humiliating end to Nokia’s 14-year lead. We do not know if something like this in in the cards for Volkswagen, GM and Ford, but it would be one alternative theory to explain why Tesla has such high market capitalization in comparison. Executives in major car companies
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think they can easily transition to making electric, AI-driven vehicles, just as Nokia thought it would find its feet in the smartphone world. Generally, profits in tech industry are more askew than market share. Today, Cupertino giant Apple delivers fewer than 20 percent of the world’s smartphones. Yet, its greatest competitive advantage is its fluid ecosystem – the company makes both the hardware and software to push sales of high-end devices at high margins. Despite the iPhone’s seeing smaller crowds, Apple’s quarterly profits often dwarf the profits of all other smartphone makers combined. Like Apple, Tesla roadsters
have their fans who follow the carmakers every move and are overly-enthusiastic to buy its new products. Last year, Tesla opened their Gigafactory in Nevada, which is the biggest factory in the world. Tesla is designing batteries capable of storing power from rooftop solar panels. One of Gigafactory’s most promising products is the Powerwall and the Powerpack, rechargeable lithiumion batteries for energy storage. The batteries are intended to be used for home energy storage and store power for solar self-consumption, backup as well as offthe-grid use. The Wall Street calls it a gamechanger for the energy market. Tesla CEO Elon Musk is hoping that the
Gigafactory will give him a head start over centenarian automakers. As other car manufacturers call for electric vehicles push, they’ll find out there aren’t enough batteries, making it difficult to expand electric car production on a scale as massive as Tesla’s.
Cash Flow Matters It’s too early to say anything. Musk hasn’t yet delivered an electric car that’s affordable to the middleclass. Tesla’s stock price suggests that Wall Street is all the more positive about Tesla’s chances. There are others who take a more cynical view and hold the belief that Tesla is a classic case of “bubble” stock, including Tesla CEO Elon Musk. Last month, Elon Musk agreed that the current Tesla valuation defies gravity, “I do believe
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this market cap is higher than we have any right to deserve.” A founder shouldn’t be talking down on his valuation. Besides, Tesla needs some easy cash flow for all the dense expenditures. Take a look at it – over the past three years Tesla has spent nearly $4 billion on capital expenditures. Tesla is fully dependent on the kindness of the Wall Street to fund the expenditures. With valuation exceeding $50 billion, Tesla could even snap up a few small companies to reduce the dependence on the capital markets. Elon Musk is not buying it, though. The car chief doesn’t want to capitalize on Tesla’s soaring price, and hopes to achieve long-term growth targets by addressing shortterm challenges, rather than riding on the out of line reality. “Tesla is absurdly overvalued if based on the past, but that’s irrelevant,” he says. “A stock price represents risk-adjusted future cash flows.” Whether you believe it or not, Tesla’s surplus valuation reflects an underlying optimism.
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events
WWDC 2017: Your Yearly Dose of Apple Industry Leaders Magazine - June ‘17 | 112
On 1st April 1976, a tech company was founded with the vision of using the best form of technology and creating products that can stand out in the tech market. This American startup set up its headquarters in Cupertino, California and gathered workforce to work towards attaining this vision. The founders of this company strived to maintain a sleek look of all their products but made sure that their technology did the talking. They started developing designs for gadgets, computer software, online services, and began the sale of such consumer electronics. What started as an effort to gain appreciation for making an inexpensive yet efficient computer went on to become one of the most successful tech companies of all times. Owning a gadget belonging manufactured by this well-established brand is a short term goal for a majority of the people across the globe. Let’s finally address the elephant in the room. We are talking about Apple Inc. If you are the kind of person who walks into an Apple store and gets mesmerized by the array of iPads, iPhones, iPods, Apple Watches, Apple TVs, and MacBooks; then this upcoming event will definitely excite you. Imagine an event solely dedicated to your favorite gadgets and all the news about them; well that’s what WWDC is all about. Industry Leaders Magazine - June ‘17 | 113
What is WWDC? Every year, Apple holds a conference where all its developers and the press gather to discuss its products or any further developments that are going to take place. This conference is the Worldwide Developers Conference (WWDC). This is the ideal opportunity for developers from around the world to attend sessions conducted by more than 1,000 engineers of Apple. The developers can also personally meet these engineers and clear their queries if they have any. It is usually a three to fiveday event which begins with a keynote speaker on the first day. In the segment, the tech giant focuses on introducing any
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new hardware that it has produced or innovative software that will soon be launched in the market. Therefore it can be said that the WWDC event is like an annual window to all the innovations that took place in that particular year. As we have heard often, there is nothing like free lunch. In the same way, attending this exclusive event comes at a price and the price is $1,599 per ticket. That’s an exorbitant amount for a gateway to a conference. Yet people willingly splurge money on it due to the brand name of Apple. It is obvious that the engineers who design such high-end gadgets
and software will be worthy of answering a majority of your doubts. This simple logic is the reason behind the success of the event. Another unique aspect is that just because you have the money, that doesn’t mean you are eligible to attend this conference. If that would have been the case, then the event would be flooded with people from all around the world. In order to avoid this issue in a fair manner, the company
has come up with a lottery system. If you are interested in attending the event, you have to sign up for it. After the company gets the list of people who are willing to be a part of the event, it shuffles the names and randomly picks out a number of people who will attend the event. This maintains the exclusivity of the event which triggers the curiosity of the public as well.
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WWDC 2017 Apple hosts this event every year in the Bay Area of its headquarters that is California. This year it will take place at the McEnery Convention Centre situated in San Jose, CA. This is a new location for Apple as well as it usually hosts this event at the Moscone Centre in San Francisco. The event will begin on 5th June 2017 with the keynote address and will be wrapped up on 9th June, 2017. Further check-in details of the event are given on the WWDC website by Apple. The highlight of this conference is the WWDC sessions wherein technical know-hows
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conduct an hour-long presentation covering topics elaborating on the implementation and technical details for new APIs and any other such developer features that might have been revealed during the conference. Apple makes sure that it does not disclose any details about the conference to keep the surprise element intact. Only during the keynote speech are the various innovations stated for the benefit of the visitors. The session schedule will also be posted WWDC website as well as iOS app as soon as the keynote speech begins.
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What can we expect at the WWDC 2017? Even though Apple tries to be secretive about the information related to the WWDC, there is a loophole through which certain information of the event is leaked into the press. One such news is about the MacBook lineup. The company might unveil an updated range of laptops at the conference. Here, the visitors will come across an upgraded MacBook Pro which will inherit a faster Kaby Lake processor from Intel Corp. This 12-inch model will get a faster Intel chip whereas the 13-inch MacBook Air will come with a new processor. Also, it has been a while since MacBook Air refreshed its display. It seems that now is the time when it will do so.
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There is also a possibility that Apple might add a second USB-C port to the MacBook lineup. The most attractive feature of this upgrade is that one will find a new Touch Bar on the laptop. There will also be regular upgrades such as a better CPU, more RAM and storage. Apart from the upgrades in the existing models, the company may also unveil a new model. One can witness a 10.5inch iPad Pro and a Siripowered smart speaker at this conference. How many of these features are true can only be known on 5th June, 2017. The WWDC held by Apple as an annual conference is one of the most anticipated technology-
related conferences of the year. This is why one needs fate as well as money to attend this event. Here the best minds of the business explain the technology and
the entire process of how it is created. Let’s just hope that this year Apple keeps up to the expectations of its fans like it does every year.
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My Business Expo Durban
Date: 22 June ’17
My Business Expo Durban event would be showcasing unique solution driven exhibits for the benefit of the business. It focuses on the delivery of practical and interactive information, strategies and ideas which will help to prosper in personal business. My Business Expo Durban is a one of a kind event which would be providing the ground for networking between thousands of SME and big business decision makers. This is the ideal place for the visitors to build brand awareness and get exposed to the latest trend of business development.
Venue: Durban, South Africa Pacific Coast builders Conference San Diego
Date: 28-29 June ‘17
Pacific Coast Builders Conference San Diego is a 2 day event being held from 28th June to 29th June 2017 at the San Diego Convention Centre in San Diego, United States Of America. This event showcases products like Appliances, Building Materials, Business Services, Cabinets, Countertop Materials, Computer Software Decking, Fencing & Landscaping, Doors, Electrical & Lighting, Elevators, Energy/Environmental, Exterior Wall, Finish, Faucets, Fireplaces, Flooring, Hardware, Home Technology, HVAC, Insulation & Infiltration Barriers, Manufactured Housing, Moulding & Millwork, Outdoor Living, Pest Control, Plumbing, Roofing, Siding, Stairs, Structural Products, Tools & Equipment, Walls, Ceilings & Finishes, Water Systems, Windows & Skylights etc. in the Real Estate Agents industry.
Venue: San Diego, USA
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Mobile World Congress Shanghai
Date: 28 June-01 July ‘17
Mobile World Congress Shanghai is a 4 day event being held on 28th June to 1st July 2017 in Shanghai, China. This event showcases product from Internet & Startups industry. This event showcases products like integrated solution providers, hardware, device manufacturers, network infrastructure developers, service providers, software developers, and developers of various mobile applications etc. in the Internet & Startups industry.
Venue: Shanghai, China Green Architecture and Construction Materials Expo
Date: 05-07 July ‘17
Green Architecture and Construction Materials Expo is a threeday event being held from 5th July to the 7th July 2017 at the Shanghai New International Expo Centre (SNIEC) in Shanghai, China. Green Architecture and Construction Materials Expo is the largest and most professional green building exhibition, the exhibition covers the building energy efficiency, HVAC and new energy, wood green building, integrated construction and light steel housing, water supply and drainage, windows and doors curtain wall and building shade, outdoor furniture and garden landscape, building equipment, green lighting, electrical construction, villas supporting other content.
Venue: Shanghai, China Myanmar Phar-Med Expo
Date: 05-07 July ‘17
Myanmar Phar-Med Expo 2017 will give a huge boost to this growing sector of Myanmar Economy and provide a platform to the Pharmaceutical and Medical Equipment Manufacturers Industry Leaders Magazine - June ‘17 | 121
to showcase their products and technology to the Myanmar and International Business Visitors from the Healthcare sector. This biggest international healthcare expo will bring together more than 2,000 healthcare professionals with 150 of the world’s leading healthcare suppliers, manufacturers and service providers, all under one roof, to find the latest industry innovation, network and do business.
Venue: Yangon, Myanmar World Domination Summit 2017
Date: 11-17 July ‘17
Fast forward to 2017, WDS has now included more than 10,000 people from all 50 states and more than 40 countries since the beginning. The stakes and stories have grown each year with activities like Bollywood dancing, academies, Guinness World Records, and the creation of a foundation that offers grants to individuals to pursue their dreams and positively impact their community. They are called “Scholarships for Real Life”. With a full week of events and an unforgettable keynote speaker-filled weekend, you’ll learn from unconventional thinkers, acquire powerful new skills, and find an all-new community of friends and supporters.
Venue: Portland, Oregon, USA International Auto Parts Accessories and Service and Repair Equipment Exhibition
Date: 14-16 July ‘17
Leading exhibitors will gather here in International Auto Parts Accessories and Service and Repair Equipment Exhibition and showcase a wide range of products and services such as services to be exhibited by auto aftermarket and garage equipment suppliers Industry Leaders Magazine - June ‘17 | 122
and auto parts and accessories shops, retailers, distributors, and service and repair workshops and garages.
Venue: Pasay, Philippines Farnborough International Airshow
Date: 16-20 July ‘17
Farnborough International Airshow is a five-day trade event for the aerospace industry being held from 16th July to the 20th July 2018 at Farnborough, United Kingdom. The 2016 show welcomed over 1,500 exhibitors and 73,000 trade visitors, with US£124 billion worth of orders announced. Profile for exhibitors include Weapons, Ammunition and Explosives, Military Vehicles, Tank, Unarmored & Armored, Bridging Vehicles, Warships, Submarine, Craft and Equipment, Radars, Electronic Warfare System, Aerospace, Aircraft, Spacecraft, Satellite, Aircraft Engines, Aerospace Powerplants, Aerospace Weapon System, Flight, Radar Systems, Airport Equipment, Air Traffic Control, Security Systems, Airline, Charter & Leasing, Aircraft Interiors, Simulation, Training Systems.
Venue: Fanborough, UK Aluminium China
Date: 19-21 July ‘17
Aluminium China is a three-day event being held from 19th July to the 21st July, 2017 at the Shanghai New International Expo Centre (SNIEC) in Shanghai, China. The conference will cover areas like complete aluminium industry chain, bringing together leading industry figures, cutting edge technologies, and advanced applications. Annually held in Shanghai, the event engages the global aluminium community with new customized Industry Leaders Magazine - June ‘17 | 123
matchmaking programs linking application buyers with emerging and established demands and buyers of equipment and accessories with leading suppliers.
Venue: Shanghai, China Mining Engineering and Transport Expo
Date: 19-21 July ‘17
Mining, Engineering and Transport Expo is a three-day event being held from 19th July to 21st July 2017 at the Zimbabwe International Exhibition Centre in Bulawayo, Zimbabwe. This event showcases products like agricultural equipments and accessories, agricultural machineries, industrial machinery, industrial goods, infrastructure goods and services, mining machines and technologies, tourism services and solutions, clothing manufacturing equipments, consumer goods and necessities, ICT machineries and goods, consultancy services and investment opportunities etc. in the Logistics & Transportation, Minerals, Metals & Ores industries.
Venue: Bulawayo, Zimbabwe India Warehousing Show
Date: 27-29 July ‘17
India Warehousing Show is a three-day event being held from 27th July to 29th July 2017 at the Pragati Maidan in New Delhi, India. This event showcases products like highlight of the business calendar for the entire Supply Chain industry in India in the Logistics & Transportation industry.
Venue: New Delhi, India
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ASD Market Week
Date: 30 July-02 Aug ‘17
ASD Market Week is a 4 day event being held from 30th July to 2nd Aug 2017 at the Las Vegas Convention Center in Las Vegas, United States Of America. ASD Market Week is the most comprehensive B2B trade show that brings the world’s widest variety of retail merchandise together in one efficient shopping experience. The ASD Market Week show floor is filled with quality choices at every wholesale price point buyers could want to find. ASD Market Week is held twice per year in Las Vegas and is truly the wholesale buying event that can’t be missed for any small to large sized retail, distribution, or importing business. This event showcases product from Fashion, Lifestyle & Fashion industries.
Venue: Las Vegas Convention Center, Las Vegas, USA Independent Retailer Conference
Date: 30 July-02 Aug ‘17
The Independent Retailer Conference, will take place from July 30th – August 2nd, 2017 in Las Vegas, USA. This is a unique, trusted destination for retailers to gain valuable insight for their one-of-a-kind businesses, dedicated to delivering indie-style expertise in the areas of store operations, marketing, publicity, merchandising and more.
Venue: Las Vegas, USA Fintech Week Silicon Valley 2017
Date: 01-06 Aug ‘17
Fintech Week Silicon Valley is a series of events that celebrate Fintech Innovation and Silicon Valley’s disproportionate role in changing the way financial services serve people. Silicon Valley is Industry Leaders Magazine - June ‘17 | 125
the 4th location of Fintech Week. Other cities include London, Tel Aviv, Chicago (New York will be the 5th). Fintech brings together senior figures in finance, tech, government, venture capital, and start-ups into a room and lets the magic happen. Conferences, meetups, workshops, a hackathon, and an exhibition all make up Fintech Week.
Venue: San Mateo, CA, USA World Water Week
Date: 27 Aug-01 Sep ‘17
The World Water Week, organized by the Stockholm International Water Institute will take place from 27th August to 1st September 2017 in Stockholm, Sweden. The conference will Week addresses a particular theme to enable a deeper examination of a specific water-related topic. While not all events during the week relate to the overall theme, the workshops driven by the Scientific Programme Committee and many seminars and side events focus on various aspects of the theme.
Venue: Stockholm, Sweden SuisseEMEX
Date: 29-30 Aug ‘17
SuisseEMEX is the exhibition for the marketing, communication, promotion, and events. This is the largest event in Zurich which will be held between at Zurich Exhibition Center. The event is being organized by Emex Management Gmbh. Profile for exhibit includes advertising, visual communication, print, CRM, direct marketing, green marketing, promotion, merchandising, display, fair construction, event tecnic, seminar, congress, meeting, incentive artists.
Venue: Zurich, Switzerland Industry Leaders Magazine - June ‘17 | 126
Asia Pacific Mining Exhibition
Date: 29 Aug-01 Sep ‘17
Asia Pacific Mining Exhibition is a 4 day event being held from 29th August to the 1st September 2017 at the Sydney Showground in Sydney, Australia. This event showcases products like Air Conditioning, Concrete Products, Construction Equipment, Conveyer Equipment, Earthmoving Equipment, Electrical Equipment, Engineering Products, Fuel & Lubrication Products & Services, Heat Exchangers, Laboratory Equipment, Mineral Processing Equipment, Pipeline Maintenance & Equipment, Pollution Control Products, Power Generation & Distribution, Corrosion Control, Security & Safety Products, Waste Water Treatment, Welding Equipment etc. in the Business Services industry.
Venue: Sydney Showground, Sydney Olympic Park, Australia China International Chemical Date: 30 Aug-01 Sep ‘17 Industry Fair The China International Chemical Industry Fair is an international fair that has created enough space for the petrochemicals and processing, basic inorganic chemicals, basic organic chemicals, agrochemicals, fine and specialty chemicals, new chemical materials, chemical equipment and engineering products, chemical control apparatus and instruments and other chemical services. The fair allows the exhibitors to enter the Chinese market and discover new business traits and prospects. Through his fair, the exhibitors can penetrate through Chinese economy and develop new business ideas and solutions.
Venue: Shanghai World Expo Exhibition and Convention Center, Shanghai, China Industry Leaders Magazine - June ‘17 | 127
Natural & Organic Products Expo Asia
Date: 30 Aug-01 Sep ‘17
Natural & Organic Products Asia (NOPA) is a 3-day trade expo being held from 30 August to 1 September 2017 in Hong Kong Convention & Exhibition Centre in Wan Chai, Hong Kong. NOPA is expected to attract record number of exhibitors and attendees, reflecting the explosive growth of the natural, organic, and health sector across the region.
Venue: Hong Kong Convention and Exhibition Centre, Hong Kong, Hong Kong Africa Aerospace & Defence Expo
Date: 19-23 Sep ‘17
Africa Aerospace and Defence (Aaf2018) is one of the world’s premier Aerospace and Defence exhibition that holds a prominent position within the Aviation and Defence calendar. This exhibition takes place biannually in September. The first three days of the exhibition are traditionally trade days, followed by two air show days that are open to the public. The 9th AAD will again take place at AFB Waterkloof, Centurion in the City of Tshwane, and South Africa from 19th to 23rd September 2018, and will once again bring together various industries from throughout the world so as to showcase the latest technological innovations within this sector.
Venue: Centurion, South Africa Art of Leadership
Date: 02 Oct ‘17
The Art of Leadership, organized by the The Art of Productions Inc. will take place on 2nd October 2017 at the Vancouver Convention Industry Leaders Magazine - June ‘17 | 128
Centre in Vancouver, Canada. This one day conference features five internationally renowned bestselling authors and thought leaders who will share an exciting blend of cutting edge thinking and real world experience on today’s most critical leadership issues.
Venue: Vancouver Convention Centre West Building, Vancouver, Canada Washington Big Data Conference
Date: 02 Oct ‘17
The Washington Big Data Conference, organized by the Big Data will take place on 2nd October 2017 at the Walter E. Washington Convention Center in Washington DC, United States Of America. The conference will cover areas like analytics for cyber security, computational intelligence for huge data, data mining and algorithms, data science, machine learning and predictive analytics.
Venue: Walter E. Washington Convention Center, Washington DC, USA
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