Latest news with #manufacturers
The Sun
2 hours ago
- Lifestyle
- The Sun
Tesco is selling a summer garden BBQ essential and it's £18 cheaper than a John Lewis version
THE summer heat can only mean one thing: It's time to crack out the barbecue. And if you don't have this garden essential on hand, don't worry because Tesco has a bargain buy on offer. Whether you're hosting friends and family or enjoying a solo meal al fresco, a barbecue is a certified summer staple. If you're in the market for a new grill, a compact buy from Tesco proves perfect for smaller gardens. And you won't even have to wait til pay day because this item won't break the budget. Tesco is selling a Small Bucket BBQ for just £12, which is less than half the price of a similar version from John Lewis. The department store has listed a compact Portable Charcoal BBQ for £29.99. That means Tesco shoppers can save a whopping £18 by opting for this buy. This affordable item is constructed with durable steel and features a chrome-plated cooking grill. It also includes a convenient carrying handle, making it easy to store away. Manufacturers emphasised that no spirits or petrol should be used lighting or relighting this grill. Meanwhile, another shop has slashed the price of their grills in time for the weekend heatwave. Expert's warning over common barbecue myths that pose 'dangerous health risk' as Brits' grilling blunders revealed One retailer is selling a popular barbecue for less than £100 this summer. And experts have warned against a common barbecue myth that poses a "dangerous health risk". Another barbecue error could end up costing up £500 during the summer heatwave. Plus, a handy tip helps to repel flies and insects from your grill this summer. And if you'd rather shield from the sun, you can replicate your favourite barbecue snacks in your air fryer. Government advice on BBQ safety The UK Government have issued some guidelines for staying safe whilst using a barbecue: Keep a bucket of water, sand or a garden hose nearby for emergencies. Follow the safety instructions provided with your gas, charcoal, or disposable barbecue. Never use a barbecue indoors, in a tent, under an awning or in a caravan. Use enough charcoal to cover the base of the barbecue, but not more (normally around 5cms or 2 inches). Keep children, pets and garden games away from the cooking area. After cooking, make sure the barbecue is cool before moving it. Empty ashes onto bare garden soil, not into dustbins or wheelie bins. If they're hot, they can melt the plastic and cause a fire. Make sure your barbecue is well away from sheds, fences, trees, shrubs or garden waste. In the countryside or public park areas, only use disposable barbecues where there are specially designated areas and carefully follow the safety guidance. Enjoy yourself, but don't drink too much alcohol if you are in charge of the barbecue. Never use petrol or paraffin to start or revive your barbecue; use only recognised lighters or starter fuels on cold coals. Remember to compare prices It is important to remember to always shop around when buying something like this as you might find a cheaper alternative. Websites like Trolley and Price Spy let you compare thousands of products across different retailers to find the best price. Price Spy even lets you see how much an item has cost over time, so you can see if the current price is a good deal. A quick scan on the Google Shopping/Product tab will also bring up how much retailers are selling a certain item for.
Forbes
20 hours ago
- Business
- Forbes
Why Service Prices Are Rising While Goods Stay Flat Amidst Tariff News
Why Service Prices Are Rising While Goods Stay Flat Amidst Tariff News President Trump's tariffs were expected to drive widespread price increases across the U.S. economy. Just months into 2025, that prediction has proven only partially correct. Consumer prices rose 2.4% in May, up slightly from April's 2.3% increase. However, the data reveal an unexpected split in how different sectors are responding to tariff pressures. Goods that economists anticipated would see significant price hikes are instead declining. The service industry experienced a markedly different reality. Federal Reserve data shows that nearly half of service-oriented companies have already passed tariff-related cost increases to customers, compared to just one-third of goods-producing businesses. Manufacturers stockpiled goods before tariffs took effect, allowing them to maintain current pricing using pre-tariff inventory. Service businesses, however, cannot stockpile labor or defer rising operational costs, forcing them to adjust prices. For business leaders, this split presents both opportunities and challenges as they navigate pricing strategies in an environment where consumer demand remains cautious and economic uncertainty persists. May's Consumer Price Index data reveals a striking disconnect between predicted and actual price movements in goods-heavy sectors. Categories economists identified as most vulnerable to tariff pressures posted unexpected declines instead of the widely anticipated increases. New vehicle prices dropped 0.3% in May, while used cars and trucks fell 0.5%. Apparel costs decreased 0.4%, and furniture prices recorded their steepest decline since December at 0.8%. These sectors depend heavily on international supply chains and were positioned to absorb the first wave of tariff-related cost increases. The price stability stems from proactive business strategies implemented months before tariffs took effect. Companies across manufacturing sectors accelerated purchasing schedules and expanded warehouse capacity to secure inventory at pre-tariff costs. This forward-thinking approach created a pricing cushion that continues to shield consumers from immediate cost increases. Current inventory levels reflect these advanced purchases, enabling retailers to maintain competitive pricing while competitors exhaust similar stockpiles. The strategy has proven particularly effective in the automotive and consumer goods sectors, where longer product cycles allow for extended inventory turnover periods. Energy costs reinforced the downward pressure on overall goods pricing, declining 1% monthly as gasoline prices retreated. Even sectors showing price increases, including major appliances and automotive parts, registered only modest gains, insufficient to counteract broader deflationary trends across goods categories. This protection mechanism has clear limitations, though. Industry analysis suggests most companies built three-to-six-month inventory buffers, meaning tariff impacts will likely surface in late summer or early fall as stockpiled goods are depleted and replacement inventory reflects current tariff rates. While goods-producing companies benefit from inventory buffers, service providers have to adjust prices immediately when costs rise. Nearly half of service-oriented companies' rising prices reflect the sector's inability to defer cost increases through stockpiling strategies. Service businesses face real-time cost pressures that cannot be warehoused or delayed. Prices for services rose 3.7% in September 2024 from a year prior, according to the personal consumption expenditures price index, while goods prices fell 1.2% during the same period. Labor represents the primary expense driver, and wage increases translate directly into operational costs without the cushioning effect available to manufacturers. This constraint has created persistent inflationary pressure across multiple service categories, even as goods prices decline. Restaurant operators exemplify these challenges. Food services inflation reached 3.6% in September, driven largely by mandatory wage increases and competitive labor markets. Chains including McDonald's and Chipotle have implemented menu price adjustments to offset rising labor costs, with executives indicating continued pressure from wage inflation throughout the year. The insurance sector demonstrates similar patterns, with household insurance premiums climbing 10.1% annually and auto insurance rising 6%. Factors such as increased storm damage and higher repair costs could be driving factors, as well as the immediate nature of claim settlements, which prevents the delayed pricing adjustments possible in goods industries. Housing costs, particularly rental markets, show one of the most pronounced service inflation rates at 5.1% annually. Unlike manufactured products, housing services reflect immediate market conditions with limited ability to smooth cost increases over time. Travel services face comparable pressures, with air transportation costs up 4.1% as operational expenses rise in real-time. The disconnect between tariff expectations and actual price increases reflects a broader dynamic of consumer wariness and business reluctance to test pricing power. Recent McKinsey research reveals that consumer sentiment dropped 32% in May following tariff announcements, creating a cautious spending environment that constrains retailers' ability to implement price increases. Survey data shows 91% of consumers have heard about tariffs in news coverage or discussions, with tariff policies ranking as the second-highest consumer concern after inflation. This heightened awareness has translated into behavioral changes, with more than 60% of consumers reporting they have either altered spending habits or expect to do so in response to tariff announcements. One thing to note is that consumer responses vary significantly by demographic group. Lower-income households show greater sensitivity to potential price increases, with these consumers 13 percentage points more likely to switch to lower-priced brands compared to those earning over $100,000 annually. Generational differences also emerge, as Gen Z and millennial consumers express a higher likelihood of changing spending patterns compared to baby boomers. These shifting consumer behaviors create a challenging environment for retailers considering price adjustments. Half of consumers indicate they plan to delay purchases in discretionary categories, including electronics, accessories, and dining out. This demand sensitivity explains why businesses remain hesitant to implement tariff-related price increases, even when facing higher input costs. While unemployment remains steady at 4.2%, industries exposed to tariffs face mounting pressure that could reshape employment patterns across sectors. Companies relying on imported materials, from steel to semiconductors, face margin compression that typically leads to hiring freezes or workforce reductions. A furniture manufacturer dependent on imported lumber may reduce shifts to offset rising costs, while auto parts suppliers grappling with pricier steel imports could scale back expansion plans. However, tariff policies create winners alongside losers. Domestic industries less reliant on foreign inputs, particularly in the energy and technology sectors, may benefit from reduced international competition. High-skill workers in finance and technology may exhibit greater resilience to trade disruptions, while low-skill manufacturing and logistics workers bear disproportionate impacts, including reduced hours and potential job losses. Consumer inflation expectations reveal conflicting signals that complicate economic forecasting. A survey conducted by the University of Michigan shows Americans expect prices to increase 6.6% over the next year, the highest reading since 1981, suggesting deep-rooted concerns about future price stability. However, Federal Reserve Bank of New York data presents a contrasting narrative, with consumers expecting lower inflation following the Trump administration's tariff pullback in April, which highlights the sensitivity of expectations to policy announcements rather than actual price movements. The timing of when tariffs raise prices will determine whether consumers expect more inflation ahead, although economists anticipate that tariff-related price increases will become more pronounced during summer months as inventory buffers are exhausted. The Federal Reserve may increasingly factor in consumer sentiment and behavior when setting policy. With evidence that cautious consumer spending is helping to curb inflation, the Fed could scale back aggressive rate hikes and rely more on forward guidance and market signals, especially if wage gains remain modest and employment remains strong. Meanwhile, President Trump has renewed calls for rate cuts, urging the Fed to slash rates by a full percentage point if price pressures ease further, a move he believes would jumpstart growth. However, Fed officials have warned that tariff-driven inflation risks could yet prompt them to maintain the current rates. As long as tariffs remain in place, the Fed appears likely to maintain its cautious stance, watching both consumer psychology and trade policy for signals on future rate moves. The tariff story of 2025 has unfolded differently than expected. Manufacturers stockpiled inventory to keep prices stable, while service companies raised prices immediately. This created unusual inflation where goods became cheaper as services grew more expensive. Consumer caution and business reluctance to raise prices delayed anticipated increases. However, as companies exhaust their inventory buffers, tariff-related costs will likely reach consumers. Business leaders must recognize these timing differences across sectors to navigate an unpredictable economic environment.
Yahoo
21 hours ago
- Business
- Yahoo
Colonoscopy Devices Market Size to Surpass USD 3.36 Billion by 2031, exhibiting a CAGR of 5.7%
NEW YORK, June 19, 2025 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the colonoscopy devices market is witnessing significant growth owing to the increasing prevalence of colorectal cancer and key technological advancements. The colonoscopy devices market analysis focuses on advancements such as robotic-assisted colonoscopy, virtual colonoscopy, and single-use colonoscopy devices that play a vital role in the market growth. The report runs an in-depth analysis of market trends, key players, and future opportunities. The report from The Insight Partners provides several stakeholders—including manufacturers of colonoscopes and visualization systems—with valuable insights to navigate this evolving market landscape and unlock new opportunities successfully. To explore the valuable insights in the Colonoscopy Devices Market report, you can easily download a sample PDF of the report - Overview of Report Findings 1. Market Growth: The colonoscopy devices market value is expected to reach US$ 3.36 billion by 2031 from US$ 2.30 billion in 2024; the market is anticipated to register a CAGR of 5.7% during 2025–2031. The market growth is attributed to the increasing prevalence of colorectal cancer, the aging population, and technological advancements. 2. Increasing Prevalence of Colorectal Cancer: Colorectal cancer is the third most commonly diagnosed cancer globally and a leading cause of cancer-related deaths. As awareness of the disease grows, there is a stronger emphasis on early detection, which is critical for improving survival rates. Colonoscopy remains the gold standard for colorectal cancer screening, offering the ability to detect and remove precancerous polyps during the procedure. With the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC), recommending regular colorectal cancer screenings, especially for individuals aged 45 and older—there has been a noticeable rise in demand for colonoscopy procedures. This demand is fueling the need for advanced colonoscopy devices that offer greater accuracy, efficiency, and patient comfort. In developed and emerging markets, increased public health initiatives and screening programs are encouraging higher screening rates. Coupled with growing patient awareness and improved healthcare infrastructure, especially in aging populations more susceptible to colorectal cancer, the need for modern, reliable colonoscopy equipment is expanding. As a result, manufacturers are innovating to meet demand, driving sustained growth in the global colonoscopy devices market. 3. Technological Advancements: Technological innovations are improving diagnostic precision, procedural effectiveness, and patient comfort. High-definition (HD) imaging, narrow-band imaging (NBI), and 3D visualization technologies have enhanced the detection of small and flat lesions, resulting in earlier and more precise diagnoses of colorectal diseases such as cancer and polyps. Artificial intelligence (AI) based software, such as computer-aided detection (CADe), assists clinicians in detecting polyps during real-time procedures, reducing the chances of lesion miss and improving adenoma detection rates. FDA-approved AI software is being applied in clinical practice, a measure of the growing importance of AI software in endoscopic procedures. Other technologies include the creation of robotic-assisted colonoscopies, wireless capsule endoscopy, and disposable colonoscopes, which speak to infection control and provide more patient-friendly, cost-saving options. They are especially beneficial in outpatient and remote practice. Intelligent endoscopes with real-time data analytics and cloud connectivity are making procedures more efficient and documentation better. As medical practitioners look for better accuracy, safety, and patient-centric approaches, such technological advancements fuel the colonoscopy devices market growth. 4. Geographical Insights: In 2024, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. Asia Pacific is expected to register the highest CAGR during the forecast period. Stay Updated on The Latest Colonoscopy Devices Market Trends: Market Segmentation Based on product type, the colonoscopy devices market is segmented into colonoscopes, visualization systems, and others. The colonoscope segment held the largest market share in 2024. In terms of application, the colonoscopy devices market is categorized into colorectal cancer, lynch syndrome, ulcerative colitis, Crohn's disease, and others. The colorectal cancer segment dominated the market in 2024. By end user, the colonoscopy devices market is segmented into hospitals, ambulatory surgery centers, and others. The hospitals segment dominated the market in 2024. The colonoscopy devices market is segmented into five major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Competitive Strategy and Development Key players: AMBU AS, Fujifilm, Endomed Systems GmbH, Olympus, Pentax, GI View, Boston Scientific Corporation, Steris PLC, and Avantis Medical Systems are among the major companies operating in the colonoscopy devices market. Trending topics: AI-Powered Echocardiography, 4D Imaging and XR Training, Ultrafast Myocardial Contrast Echocardiography, Integration with Multimodal Imaging, Point-of-Care and Portable Devices, etc. Headlines on Colonoscopy Devices Siemens Healthineers Announces FDA Clearance of Cardiovascular Ultrasound System and 4D ICE Catheter FDA Expands Approval of Cardiac Ultrasound Imaging Agent for Pediatric Patients Ultromics Announces Partnership to Expedite Development of Echo AI Algorithm for Early Detection of Cardiac Amyloidosis. Purchase Premium Copy of Global Colonoscopy Devices Market Size and Growth Report (2021-2031) at: Conclusion The colonoscopy devices market is witnessing robust growth due to the increasing incidence of colorectal cancer, new technologies, and rising focus on preventive care. AI-enhanced detection, high-definition visualization, and portable or disposable equipment are enhancing diagnostic sensitivity, procedural safety, and patient outcomes. With the rising aging population and public health interventions encouraging regular screening, there is a continuous demand for low-cost and effective colonoscopy equipment. In addition, greater healthcare access in developing markets facilitates market growth. With ongoing innovation and increasing awareness of colorectal disease, the demand for colonoscopy devices is surging. Trending Related Reports: About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: +1-646-491-9876 Logo: View original content to download multimedia: SOURCE TIP Knowledge Services Pvt. Ltd.
Associated Press
a day ago
- Business
- Associated Press
The 6th Goldreed Industrial Design Award global call for entries was officially launched
On June 10, 2025, the 6th Goldreed Industrial Design Award (GIDA) launched a global call for entries. The call for entries will be open from June 10, 2025 to 24:00 on July 20, 2024 Beijing time. Eenterprises and institutions, design agencies, colleges, design teams, scientific research institutions and individuals from any country and region in the world can log on to the official website of GIDA ( to register for free. GIDA based in the world's future city - Xiongan,China. The goal of the GIDA is to gather the world's best design resources and implement them in Xiongan. Participating in GIDA will give you the opportunity to meet and develop business relationships with Chinese manufacturers who are looking for global innovation to upgrade their industries, work with the Chinese government to create the city of the future, and utilize GIDA's media network to access the Chinese market. As an international, professional and market-oriented industrial design award, GIDA has collected 35,328 excellent design works from 87 countries and regions around the world over the past four years, and has awarded a total of 210 million RMB (3 million USD) in prizes. The influence and popularity of the awards have been increasing globally. Which works can be registered？ 1. Manufacturing Equipment Advanced industrial equipment designs for emerging industries, including industrial equipment, construction equipment, agricultural and forestry equipment, mechanical tools, protective equipment, industrial robots, aerospace information equipment, commercial service robots, construction service robots, service robots, etc. 2. Biomedical Science Focuses on designs that promote the development of human physical and mental health. Includes products and services in the whole industry chain such as high-end medical devices, therapeutic products, pharmaceutical production equipment, medical rehabilitation equipment, nursing care products, and health management. 3. Digital Technology Focuses on the innovative design applications of artificial intelligence, blockchain, digital technology and information services in various fields. Includes products and services in the whole industry chain such as industrial software, public services, smart city systems, blockchain applications, digital twin platforms, and AI service terminals. 4. Transportation Means Smart transportation designs, including unmanned vehicles, smart buses, high-speed trains, automobiles, aircrafts, mobility tools and facilities, service-oriented vehicles in urban areas, water and underwater vehicles, traffic robots, etc. 5. Public Facilities Product designs of service facilities within urban space system, including urban furniture, public lighting, guiding signs, shared facilities, information services, sanitation facilities, safety facilities, facilities for leisure and entertainment, emergency equipment, etc. 6. Future Scenario Focuses on the design of future life, culture, technology integrated with creative thinking and innovative scenarios. Includes products and services in the fields of future living home, child-friendly products, ageing-friendly products, non-heritage revitalization, cultural and creative products, fashionable apparel, packaging design, IP image, digital culture, and so on. What are the awards I can win? The Goldreed Industrial Design Awards has a total award pool of 4 500 000 RMB, with over 49 cash awards to assign. Schedule Click on the link to register now for FREE!: Media Contact Company Name: Goldreed Industrial Design Award Committee Contact Person: Ruby Zhang Email: Send Email Phone: 0312-5675515 Country: China Website:
The Standard
a day ago
- Business
- The Standard
Manga artist Ryo Tatsuki releases new book addressing earthquake prophecy
Tried and tested in war: For European drone manufacturers, Ukraine is the place to be
