Latest Editorial

A fair share

‘The Social Responsibility of Business is to Increase its Profits’ – an article written by Nobel Prize winning economist Milton Friedman, published in The New York Times in 1970 – popularised like no other paper the idea that a company’s sole purpose is to make money for its shareholders. In the context of the first anxieties of global competition, the article’s success, critics now argue, came not from the validity of its assertions, but rather from the business world’s desperate desire to believe in such a concept. Thus, the mantra of shareholder value maximisation was born, catalysing one the biggest shifts in the goals of modern business management.

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With the world’s population predicted to exceed 9.7 billion by 2050, boosting global food production has never been a more prominent goal for world leaders. As it becomes increasingly clear that biotechnology could play a crucial role in nurturing future food security, Georgina Cutler explores the age-old debate surrounding genetically modified (GM) crops and investigates whether bureaucratic inertia is responsible for stalling agricultural developments that could help combat food shortages.

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The Vertical Variation

Around 16 years ago, Dr Dickson Despommier, a Professor at Columbia University, New York, proposed his concept for vertical farming. As a method of urban crop cultivation, employing innovations in high-rise hydroponics, LED lighting and climate control, the proposal has since emerged to become a viable solution to the degradation of the world’s fertile landscapes and the food demands of the world’s rapidly growing urban population. Leonard Owen speaks to Dr Despommier to uncover his views on vertical farming’s surging adoption today.

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Battle of the Beverage Behemoths

In recent years, emerging nations in Asia, Africa and the Middle East have become an arena for fierce competition among multinational manufacturers of soft drinks and alcoholic beverages, which are battling it out for a larger swig of these fast-growing markets. As the beverage segments in North America and Europe remain largely stagnant and lacking in opportunities, this trend is likely to continue for the foreseeable future. Gemma Carter reports on the push-pull factors that are driving the shift in focus to emerging markets, and the strategies being employed by the world’s beverage giants.

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Latest News

25/03/2015 / Nigeria

World Bank Group launches the Lighting Africa programme for Nigeria

IFC, a member of the World Bank Group, has launched the Lighting Africa programme for Nigeria. A joint initiative of the IFC and the World Bank, the programme will help increase access to affordable, clean and safer lighting for more than 30 per cent of Nigeria’s population who live in rural areas, and have low incomes and no access to grid electricity.

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25/03/2015 / 

Petcore Europe's workshop explores recycling rigid PET thermoforms

Petcore Europe – the European trade association based in Brussels representing the whole PET value chain in Europe – recently convened a workshop on the Recycling of Rigid PET Thermoforms in Brussels involving 50 leaders and experts from across the continent and spanning the whole PET value chain. Some of the most important companies and organisations – from PET producers, to converters, users, recyclers, technology providers and collection agencies – discussed how the industry can work together to make PET thermoforms the best recyclable thermoformed packaging in its category.

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