Global Economy First Sector: Agro-Foods Sector In China (Term Paper Sample)
First sector will be agro food, country is china, and company is Nestle, so case study is nestle in China. Second Sector is Finance, country is Vietnam, and company is HSBC, so case study is HSBC in Vietnam. I will upload ppt and articles which relate to these two sectors. Professor is not looking for discussion on facts but she is looking for the deep analysis. Just focus on these two sectors, but dig deep. Also the class is global economy, so professor is looking for the connections between each sector with the materials we studied in class.The theme of course is globalization, and class name is Global Economy. And make sure you have a road map on the opening paragraph which describes what is going to talk about in the paper. Give thesis statement for the whole paper and each sector! Make sure the paper is well structured, don't just list bunch of facts.source..
Through the process of globalization, companies develop international influence and begin to operate on a global scale. Two such firms are Nestle and HSBC, which are multinational corporations widely recognized as leaders in their respective industries. This paper evaluates the provided statement with respect to two sectors namely the financial sector and the agro-food sector; two countries namely China and Vietnam; and two companies namely HSBC and Nestle. Specifically, the paper discusses how the process of production, distribution and consumption as part of globalization has generated either bad or good outcomes.
First Sector: Agro-Foods Sector in China
Nestle is one of the major multinational corporations operating in China’s Agro-Foods sector. This Switzerland-based firm is the world’s leading health, nutrition, wellness and food conglomerate, and operates in 194 countries (Askew 8). With regard to its operations in China, the greater geographic area covered by Nestle includes Macau, Hong Kong, Taiwan and Mainland China. Nestle has operated in China for decades now. It has a long history of carrying out business in this country. In the year 1908, Nestle opened a distribution centre in the city of Shanghai, which was the company’s first distribution office in the whole of China. In 1990, the firm’s first joint venture on the mainland of China started to operate (Roberts 25). At the moment, its head offices in China are situated in Beijing’s Chaoyang District.
The agro-food sector is characterized by the extraction of raw materials from the environment. Over the past 4 decades, the production, distribution and consumption of food has been changing. The sector is responsible for 92 percent of water consumption, and major water security and management decisions are made in this sector.
Nestlй’s operations in China have generated a number of good outcomes. For example, they have produced employment opportunities considering that Nestle employs in excess of 49,100 people in the country. It operates two research and development centers located in Beijing and Shanghai. It also has about 32 factories in the China region that employ the aforementioned number of Chinese worker. The firm has invested over $1.5 billion in its business operations across China (Doherty 19). Equally important, Nestlй’s operations in China have produced access to a growing assortment of consumer goods including various Nestle brands such as KitKat, Maggi, Nan, Nescafe, in addition to local brand like Totole and Haoji. It is worth mentioning that 99% of the company’s products that are sold throughout the China region are produced locally. Nestle offers breakfast cereals, bottled water, sugar confectionary, milk, beverages, coffee, ice creams, family cereals, infant cereals, healthcare nutrition, growing up milk, culinary, in addition to pet care products (Bloomberg).
In addition, the firm has established a number of technical assistance initiatives for coffee and milk farmers throughout China. It purchases fresh milk from thousands of Chinese farmers. It also offers them assistance aimed at increasing the efficiency, quantity, as well as quality of their milk production. In the province of Yunnan, the company has been encouraging and supporting the cultivation of coffee for about 2 decades now, and over 4,050 farmers have been given direct training on processing, quality control, and even planting techniques (Abdulla 5). Nestle’s operations in the China region have also produced incomes. In the year 2016 for example, the company generated revenues amounting to $6.6 billion or 6.5 billion Swiss Franc, representing 7.3% of its total revenues globally. The income tax...
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