Price/Supply

China – Popular fast food chain KFC has eliminated more than 1,000 farms in its supplier portfolio in China, following claims of high levels of antibiotics in its chicken last December.

Singapore – In the midst of the horse meat scare in Europe, Swedish retailer Ikea insists that its meatballs sold in Singapore are sourced from Australia and are safe.

India – Global coffeehouse chain Starbucks Coffee Company has partnered up with Tata Coffee, India’s largest coffee producer, to launch a roasting and packaging plant.

Asia – Not wanting to be left behind, Asia is proactively on the hunt for alternative sources of fuel to boost supply and improve energy security.

Singapore – Limited supply of abalone and fish maw are causing traders and wholesalers in Singapore to up prices of luxury seafood this Chinese New Year.

Singapore – The market’s exports has plummeted once again in November, the third decline in four months, as the electronics sector saw a drop in shipments.

Asia Pacific – A study by Simon-Kucher & Partners, a global pricing consulting firm, found that pricing power can drive higher profits when C-levels are strongly committed to managing it.

Japan – To reduce the reliance on the Chinese market, Japan has inked an agreement with India to open another sourcing market for rare earth minerals.

Asia – The region’s buyers of liquefied natural gas are on the hunt for cheaper supplies, following a significant rise in Australian production.

Singapore – Electronics, petrochemicals and chemicals companies, and other heavy users of electricity will be able to better manage their purchasing costs for energy.