The US Aircraft Industry Prospects

the us aircraft industry prospects

The US is one of the world's leading aircraft manufacturers, with factories across the country. In recent years, the US has been responsible for producing some of the world's most innovative and advanced aircraft. US aircraft factories are constantly churning out new and improved aircraft designs with the latest technology and materials. The US is home to the world's most experienced and skilled aircraft engineers and technicians. This combination of factors makes US aircraft factories some of the most advanced and efficient in the world.

There are several aircraft factories located across the United States that design various aircraft. Some of these factories specialize in commercial aircraft production; others focus on the production of military aircraft. The largest aircraft factory in the United States is the Boeing factory in Everett, Washington, which employs over 70,000 workers. Other notable aircraft factories include the Airbus factory in Mobile, Alabama, and the Lockheed Martin factory in Fort Worth, Texas.

The travel industry is no exception as the global economy continues to grow. The demand for air travel increases as economies grow, connecting people and ideas worldwide. In response to the growing demand and increased leisure spending, the global air travel industry has thrived in recent years. As a result of these favourable conditions, the US aircraft manufacturing industry has grown significantly. We can explore the prospects of the US aircraft manufacturing industry, examining the key drivers, challenges, and risks for this market, as well as solutions for manufacturers looking to expand their business. If you operate in this industry or are thinking about expanding into it, these considerations can help you succeed.

Undoubtedly, the aircraft manufacturing industry has grown over the years. This is due to the growing global economy and the reality of the growing middle class in developing economies. Another key driver is the increasing demand for air travel. As the global economy grows, people have more money to spend on leisure activities, including air travel. Aeroplanes are increasingly being built as part of larger systems; software, sensors, and robotics play an essential role in this process. The increasing importance of digital transformation in the aircraft manufacturing industry reflects the broader trends in the manufacturing sector.

In the future, strong demand for light and medium-size planes is expected to drive the aircraft manufacturing sector; pundits expect the situation to impact this industry over the next five years. These dynamics will correspondingly increase employment and investment. Further, the market for large commercial jets will continue to be driven by a few major players, but the small and midsize aircraft market is expected to open up as new players enter the market due to low entry barriers.

Global Economic Growth to Drive Demand for New Planes: As the global economy continues to grow, people will have money to spend on leisure air travel. In turn, this increases the demand for new planes and other aircraft manufacturers. The industry, however, is sensitive to economic downturns. During economic downturns, people have less money to spend on leisure activities, including air travel. If the global economy enters a recession, the demand for new planes will fall, ultimately hurting the industry's revenue.

Digital Transformation in Aircraft Manufacture: The aircraft manufacturing industry is undergoing a process known as digital transformation. Digital transformation refers to the increased use of automation and data analytics in all aspects of a business, including aircraft manufacturing. The industry is increasingly using digital transformation to improve its operations' efficiency. For example, manufacturers use robots and other automation to produce planes quickly, efficiently, and with fewer defects.

Digital transformation also helps manufacturers reduce costs and stay competitive. Further, digital transformation allows aircraft manufacturers to integrate other aspects of their business, such as supply chain management, with their processes. For example, manufacturers use sensors to monitor the temperature and humidity of their production line and adjust as needed. Hence, digital transformation helps manufacturers monitor and control their production process, enabling them to deliver high-quality products.

Increased Investment and Employment Opportunities: Increased investment is expected as manufacturers ramp up production to meet growing demand. Manufacturers will have to purchase more raw materials and other inputs to keep up with increasing demand. They will need to hire more engineers to design and oversee new production lines.

In order to meet growing demand, manufacturers may increase their capital spending. This could include expanding production capacity, hiring more workers, and buying new machines. It might also include investing in research and development (R&D) projects to develop new products and expand their market share.

American College of Education New Online Programs

american college of education new online programs

American College of Education (ACE), accredited by the Higher Learning Commission and a leading provider of online and affordable higher education, announced its two new transfer-friendly bachelor's-completion programs, the Bachelor of Arts in Professional Studies and the Bachelor of Arts in Education Studies.

With an estimated time to completion of 15 months, the programs are a pathway for degree completion for students with either an associate's degree or 60+ undergraduate credit hours. Each program has a total cost of $7,950, one of the most affordable bachelor's-completion programs nationally.

The new programs are a continuation of ACE's framework to develop affordable, flexible and high-quality programs that allow adult learners and working professionals to reach their educational and professional goals without accruing an untenable amount of student debt.

"Meaningful career advancement opportunities are at the heart of American College of Education's mission," ACE President and CEO Geordie Hyland said. "We aspire to be a part of the solution to nationwide employment shortages and adding these two bachelor's-completion programs enables more adults to finish their bachelor's degrees and expand the impact they make in their communities, workplaces and society."

The B.A. in Professional Studies is designed to provide students with highly valued professional skills such as time management, communication, project management and more. Students can follow a general track where they choose from variable electives or they can choose from two specialized areas: Management or Education.

The B.A. in Education Studies prepares students with foundational skills in the education field and teaching profession. Course curriculum is orientated for students who aim to serve in non-licensure education roles such as paraprofessional, community outreach coordinator, charter school teacher, academic advisor and more. Graduates may qualify for admission into ACE's licensure-tracked certificate and master's level programs, which provide pathways for further career advancement.

Enrollment for both programs is open now and classes will begin in early 2023.

About American College of Education

American College of Education (ACE) is an accredited, 100% online college specializing in high-quality, affordable programs in education, business, leadership, healthcare and nursing. Headquartered in Indianapolis, ACE offers more than 70 innovative and engaging programs for adult students to pursue a doctorate, specialist, master's or bachelor's degree, along with micro-credentials and graduate-level certificate programs. In addition to being a leader in online education, ACE is a Certified B Corporation. Certified B Corporations are leaders of a global movement to use the power of business to solve social and environmental problems.

American United Steelworkers Union

american united steelworkers union

The United Steelworkers union (USW) released the following statement today from USW International President Tom Conway in honor of the Labor Day holiday.

"This Labor Day, as we pause to honor workers and celebrate the dignity of work, we remember how far we have come and rededicate ourselves to the fight for fairness for working people.

"American workers are hungry for unions, and we must be there for them. Workers are organizing in huge numbers, but they still face greedy employers and politicians who fight them every step of the way.

"That's why we owe it to them to pass the Protecting the Right to Organize (PRO) Act and other worker protections, so every worker who wants to be a union member can do so without intimidation and interference.

"That's also why the USW is proud to welcome President Joe Biden to Pittsburgh today to celebrate alongside the working people who built – and continue to build – this country.

"We partnered with this administration and with this Congress to make historic progress for workers: including the new infrastructure law that is rebuilding our nation and growing our economy; the Butch-Lewis Act, which saved the pensions of more than a million workers and retirees; and the Inflation Reduction Act, which will lower costs and boost American manufacturing. As a result of these efforts, we've seen record job growth, low unemployment, and rising wages across our industries.

"But our fight is far from over. As we look to the future, we pledge to continue the fight for working people, and to push our leaders to join us in that fight, on this Labor Day and every day."

The USW represents 850,000 workers employed in metals, mining, pulp and paper, rubber, chemicals, glass, auto supply and the energy-producing industries, along with a growing number of workers in health care, public sector, higher education, tech and service occupations.

Profit Margins on Home Sales Hit Another Record

profit margins on home sales hit another record

Profit Margins on Typical Home Sales Hit Another Record, Rising to 56 Percent. ATTOM, a leading curator of real estate data nationwide for land and property data, today released its second-quarter 2022 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales across the United States hit another new record of 55.5 percent following the largest quarterly gain in a decade.

On the heels of a lackluster first quarter of 2022 that suggested possible weakness in the nation's long-running housing market boom, the latest typical profit margin was up from 48.3 percent in the first quarter of 2022 and 42.9 percent in the second quarter of 2021. It was more than 20 points above the 32 percent figure from the second quarter of 2020.

"Home sellers in the second quarter continued to benefit from the rapid growth in home price appreciation the country has experienced over the past few years," said Rick Sharga, executive vice president of market intelligence at ATTOM. "While price growth may slow down as higher mortgage rates dampen demand from prospective homebuyers, home sellers should continue to profit from the record $27 trillion in homeowner equity in today's market.

"While profit margins routinely go up during the Spring home-buying season, the latest spike of more than seven percentage points marked the largest quarterly gain since at least 2008. The year-over-year gain of 13 points in the typical return on investment was one of the largest in the past decade.

Gross profits also hit new highs in the second quarter of 2002, after dipping slightly in the early months of the year. The typical single-family home and condo sale across the country generated a gross second-quarter profit of $123,869, up 19 percent from $103,750 in the first quarter of 2022 and up 38 percent from $90,000 a year earlier.

The second-quarter records for gross profits and profit margins came as the national median home price hit a new high of $346,000 in the second quarter of 2022 – the 10th straight quarterly increase. The latest median value was up 8.8 percent from the first quarter of 2022 and 15.3 percent from the second quarter of 2021.

The second quarter profit figures showed how strong the nation's housing market prices remained despite rising economic uncertainty and home-mortgage rates that have surged this year. Average mortgage rates have nearly doubled from a year ago, reaching almost 6 percent for a 30-year fixed rate loan, making affordability a challenge for many potential homebuyers. These higher rates, coupled with rising home prices, the highest U.S. inflation rates in 40 years, and soaring food and fuel prices are all headwinds threatening to slow down what has been a white-hot housing market over the past few years. Still, home prices and seller profits surged anew in the second quarter, after a first quarter that saw a rare dip in investment returns.

Typical profit margins – the percent change between median purchase and resale prices - increased from the first quarter of 2022 to the second quarter of 2022 in 162 (89 percent) of the 183 metro areas around the U.S. with sufficient data to analyze. They were up annually in 174 of those metros (95 percent). Metro areas were included if they had at least 1,000 single-family home and condo sales in the second quarter of 2022 and a population of at least 200,000.

The biggest annual increases in profit margins came in the metro areas of Fort Myers, FL (margin up from 47.1 percent in the second quarter of 2021 to 90.9 percent in the second quarter of 2022); Naples, FL (up from 40.4 percent to 83.1 percent); Ocala, FL (up from 44.4 percent to 85.2 percent); Gulfport, MS (up from a loss of 6.5 percent to a gain of 30.8 percent) and Yuma, AZ (up from 42.7 percent to 77.8 percent).

The biggest annual profit-margin increases in metro areas with a population of at least 1 million in the second quarter of 2022 were in Orlando, FL (margin up from 36.4 percent to 67.6 percent); Tampa, FL (up from 47.4 percent to 76.3 percent); Miami, FL (up from 38.9 percent to 66.8 percent); Cleveland, OH (up from 21.4 percent to 42.1 percent) and Jacksonville, FL (up from 43.4 percent to 63.4 percent).

Profit margins decreased annually in just 20 of the 183 metro areas analyzed (11 percent) and annually in only nine metro areas (5 percent). The biggest annual decreases were in Salem, OR (margin down from 87.5 percent in the second quarter of 2021 to 55 percent in the second quarter of 2022); Hilo, HI (down from 140.8 percent to 110.5 percent); Boise, ID (down from 122.8 percent to 100.1 percent); Salisbury, MD (down from 57.1 percent to 48.6 percent) and Albany, NY (down from 35.4 percent to 28.3 percent).

The largest annual decreases, or smallest gains, in profit margins among metro areas with a population of at least 1 million came in Atlanta, GA (down from 48.9 percent to 42.8 percent); Sacramento, CA (up from 61.5 percent to 62.5 percent); San Francisco, CA (up from 81.5 percent to 83.1 percent); Washington, DC (up from 44.9 percent to 46.7 percent) and Boston, MA (up from 49.8 to 52.9 percent).

Median home prices in the second quarter of 2022 exceeded values from the prior quarter in 181 (96 percent) of the 183 metropolitan statistical areas with enough data to analyze and were up annually in 180 of those metros (96 percent). Nationally, the median price of $346,000 in the second quarter was up from $318,000 in the first quarter of 2022 and $300,000 in the second quarter of last year.

The biggest annual increases in median home prices during the second quarter of 2022 were in Gulfport, MS (up 55.3 percent); Naples, FL (up 36 percent); Lakeland, FL (up 35.7 percent); Fort Myers, FL (up 31.7 percent) and Port St. Lucie, FL (up 29.8 percent).

The largest annual increases in metro areas with a population of at least 1 million in the second quarter of 2022 were in Tampa, FL (up 29.3 percent); Orlando, FL (up 25.5 percent); Phoenix, AZ (up 25.3 percent); Nashville, TN (up 24.3 percent) and Charlotte, NC (up 24.2 percent).

Home prices in the second quarter of 2022 hit or tied all-time highs in 168 percent of the 183 metro areas in the report, including New York, NY; Los Angeles, CA; Chicago, IL; Dallas, TX, and Houston, TX.

The largest annual decreases, or smallest increases, in median prices during the second quarter of 2022 were in Toledo, OH (down 3.4 percent); Davenport, IA (down 2.7 percent); Peoria, IL (down 0.8 percent); Rockford, IL (up 2.1 percent) and Trenton, NJ (up 2.2 percent).

The smallest annual increases in metro areas with a population of at least 1 million in the second quarter of 2022 were in Honolulu, HI (up 4.4 percent); Buffalo, NY (up 5.5 percent); Virginia Beach, VA (up 6.3 percent); Rochester, NY (up 6.7 percent) and Baltimore, MD (up 7.4 percent).

Alabama State of the USA

alabama state of the usa

Alabama is the southeastern US state that is home to major landmarks from the American Civil Rights Movement. Take for example the city of Birmingham, that was a protest headquarters in the 1960s for Martin Luther King. Now we should note that while this article uses descriptons such as black and white, we do not feel that color lables help human society to live as one, we prefer that all people are seen as people and feel that labels fuel racial divide, segregation and separation. However for this article to reference history in a general way we appologies to the human race for using color groups to discuss the past. The city is well-known all over the world for its role in the civil rights movement in America. For this and other reasons, Birmingham city is a famous historical city.

Thinking back and going down the memory lane, Birmingham featured quite prominently in world news, highlighting the great struggle between Americans of African origin and the Whites. This was especially the case between 1950-1960. When people think about the American civil rights movement, Birmingham quickly comes to mind. Indeed, this city does not just symbolize the civil rights struggle in America. It actually symbolizes this struggle as reflected in various parts of the world.

In 1963 till the end of the 20th century, the state of Alabama constituted a new legislative house and that of the disenfranchised. These series of laws and practices were, in time, used to deny the Black population the right to vote. This situation ultimately pitted the Blacks against the whites as two classes involved in a struggle. The Blacks were not even allowed to register in the common voters' roll. In 1964 in came the civil rights act.

The legislative measures established discrimination based on color, caste and sex. In time, these repressive measures ended with the introduction of voter enrolment requirements in offices, schools and public accommodation places. Regardless of these positive developments, it is notable that the powers necessary to enforce the remedial legislation were still weak and thus the law became largely ineffective.

The tourism elements, at this time, took steps to make capital of the situation. They hastened to build many impressive infrastructural facilities. Among these is the stately Civil Rights Institute. This museum provides a remarkable picture of how the biggest city in South Alabama eventually went on to become an extremist state. In time, the city became prominent in fighting during the equal rights war.

Geographically speaking, Birmingham city borders the valley Appalachians and the rich mountain ridges. In the south of Birmingham are the Red mountains. This city is filled with wooded hills. The residents have peculiar food habits. Moreover, the city is blessed with great music endowment. The food here can be quite delicious. The city's many souvenirs give Birmingham a genuine homely atmosphere. Nevertheless, despite these factors, the people's food habits can quite peculiar.

Some foods that are loved by people here are rich in the sense that they give a taste of the city's history and tradition. Being an industrial city, Birmingham has always attracted plenty of laborers who come from varied agricultural backgrounds.

The city of Birmingham features a variety of cuisine that trace their origin back to African and American cultures. Among foods that are regarded as most important in this southern part of the US is soul food. The word soul has a special connotation. It indicates a combination of African and American cultures involved in the life of this city.

Soul food was first popularized in the 1960s decades. It is notable that the migrants, in a way, considered soul food as a stark reminder of the past life in America's northern cities. Interestingly, most of the soul food restaurants were owned by blacks. Such restaurants were generally regarded as some kind of a rendezvous, or place of meeting, for people of African descent. In time, soul food progressively became the African staple food.

Interestingly, these days, soul food is a common meal for both blacks and whites. The main staple food in some parts of America is maize or corn. The cuisine associated with most parts of the Southern Native America include blackberries, raspberries and other peculiar berries. Many Native Americans typically supplement their diet with meat that they get from hunting expeditions.

Birmingham's diverse culture led to the city becoming the birthplace of a brand new music style. This style slowly gained a global influence. In the 1950s, for instance, the rock and roll style of music was introduced. It quickly became a craze. The popularity of this genre of music continued into the 1960s when the Drum beats genre took over. It quickly gained national and international fame. Further, the leading folk music scholars started recording sensational productions at this time.

Heart of the North American Supply Chain

heart of the north american supply chain

North America represents roughly 25% of the global consumer market, and the Interstate 69 corridor, which bisects the United States north to south and connects it with Canada and Mexico, is one of its main supply chain arteries. Many of North America's largest industrial hubs are located along this route and key international crossings feed this North American supply chain artery. COSTEP recently analyzed the 2019, 2020, and 2021 truck crossing counts on the U.S.-Canada and the U.S.-Mexico borders. The U.S.-Canada points of entry of the I-69 corridor analyzed include Detroit and Port Huron in Michigan, and Buffalo-Niagara Falls in New York. The U.S.-Mexico points of entry of the I-69 corridor were Laredo, Hidalgo/Pharr, Brownsville, Progreso, Rio Grande City, and Roma, all located in the Rio South Texas region.

In 2019, the Michigan/New York State region saw 3,254,623 inbound truck crossings, while the Rio South Texas region saw 3,412,118, making both the busiest international truck-borne trade regions on their respective borders. The difference was minor, only 157,485 trucks, or 4.8%. The outbreak of the pandemic negatively impacted trade in 2020, but to a varying extent. For the Michigan/New York State, 2020 truck crossings dropped significantly, down to 2,917,738.

The 2020 Rio South Texas region truck crossing totaled 3,387,816, meaning the decline was much less severe, and difference between the two regions grew to 470,078 trucks, or 16.1%, in favor of Rio South Texas.

As the North American economy rebounded in 2021, both received a resurgence of activity, with Michigan/New York State seeing 3,147,251 truck crossings, and Rio South Texas' total rising to 3,739,519. However, these numbers also reflect a further expanding gap of 592,268 trucks, or 18.8%, in favor of Rio South Texas.

Directly comparing the 2021 numbers to 2019 shows that, in 2021, Michigan/New York State was still down 107,372 trucks, or -3.3%, compared to 2019. By contrast, in 2021, Rio South Texas was up 327,401 trucks, or 9.6%, above the 2019 figures, squarely placing the Rio South Texas region at the Heart of the North American supply chain. Rio South Texas, where vibrant communities on both sides of the Rio Grande River come together to create unparalleled global opportunity and a richer, more rewarding setting for life and work. No other single location can supply what Rio South Texas offers as one region: The best of the U.S. and the best of Mexico, allowing your enterprise to leverage an incomparable wealth of North American assets. Where two nations flourish as one region, where people and industry thrive together.

Film industry Contribution to US Economy

film industry contribution to us economy

According to the latest Motion Picture Association of America news, the US film and television industry supports more than 1.9 million jobs in the country. This includes writers, actors, accountants, dry cleaners, and more. Additionally, the film industry is a key driver of the US economy, creating a ripple effect throughout other creative sectors. Each year, the film and television industry contributes $41 billion in sales to local businesses while paying $16 billion in federal and state taxes.

As film and television shows grow in popularity, so does the amount of money spent on their production. Often many independent producers focus on planning and assembling film portfolios; other film companies sign contracts with them in order to finance them. They also market and distribute their films around the world. The production industry provides jobs in various sectors, including advertising, PR, and transport jobs. These figures show that the film Industry's contribution to the US economy is quite significant.

Streaming services: Recently, the Motion Picture Association of America (MPAA) released new figures highlighting the film and TV industry's positive contribution to the US economy. The organization analyzed data from the Bureau of Labor Statistics, a government agency. In 2015, the industry supported 2.1 million jobs and 400,000 local businesses, generating over $49 billion in local spending. As such, it continues to play an important role in the American economy, generating more jobs than any other industry.

While several streaming services first started as content clearinghouses, many have embraced production to their own ends. A notable example includes Amazon Prime Video's Transparent Hulu Originals. The Handmaid's Tale, which was wildly popular when it first launched, is another example. Evidently, this era of streaming also spawned new entrants. For instance, Netflix's rival Hulu introduced The Handmaid's Tale in 2017, and Amazon Prime Video launched Transparent in 2014.

Film quality: Undoubtedly, film production has long been a vital part of the US economy. However, its value has been in doubt for some time. Think of it: In the early years of the industry, movies were sold outright, and the cinema owner received marginal profits for each film sold. Thus, an extra film ticket sold meant pure profit for the cinema owner. You can guess that this discouraged consumers from buying short film packages. Gradually, with the rise of feature films, many producers began investing heavily in feature film portfolios. They purchased films by well-known actors, the rights to famous novels, extravagant sets, and starring directors. As a result, US cinemas began to become vibrant, even dominant.

Today the American film industry is far more profitable than its European counterpart. Interestingly, the typical US-made film costs around fifteen million euros to produce; it's almost a hundred percent privately funded. It may cost 58 million euros and reach a 10.5 million audience – this represents a seventy-fold difference. Moreover, the US film industry's gross return on investment and profit margin may be five times greater than its European counterpart.

Postwar entry strategy: In retrospect, the film industry made a major contribution to the US economy after World War II. This became evident after the veterans were able to start their own families and attend college on the GI Bill. They also began buying homes in the suburbs and investing. The film industry's contributions to the economy were substantial because they allowed the US to access a lucrative market, while British films would now compete with Hollywood movies. Moreover, these films would increase the overall income of the majors in both England and the United States.

Immediately after the Second World War, real box office revenue decreased sharply. It rebounded in the mid-1950s and then stabilized again, and remained at the same level until the mid-1990s. While real box office revenue per screen decreased during this time, the number of screens increased steadily after 1963. By the 1990s, the number of screens had doubled the amount it was in 1945. The proliferation of screens primarily coincided with a decline in capacity per screen; in turn, this helped segment the market. From 1945 to 1960, real box office revenue per screen dropped by nearly 50%. The 1960s, however, saw a rebound. From 1970, however, revenue per screen declined steadily.

Ultimately, the film industry's performance in the postwar era was not without its challenges. As a result, Hollywood had to deal with the emergent anti-Communist propaganda, a decline in global trade, and a host of other problems. In spite of these difficulties, the industry managed to hold its own in the midst of cold war tensions, the rise of the anti-Communist movement, and the implementation of protectionist policies in Britain, France, and Italy.

New ScreenX Theaters across the US

new screenx theaters across the us

CJ 4DPLEX, the world's leading producer of premium film formats and cinema technologies, with B&B Theatres, announced today the opening and development of several new ScreenX theaters located in B&B multiplexes across the U.S. The new openings will result in a total of 8 ScreenX auditoriums across B&B multiplexes by 2023. The announcement was made during the 2022 CinemaCon conference in Las Vegas.

B&B Theatres has begun the rollout of new ScreenX theaters, starting in Athens, Georgia which opened in early April. Following Athens, B&B Theatres will open a new ScreenX auditorium at their Mall of America location in Bloomington, Minnesota in May. Paramount Pictures' "Top Gun: Maverick" will be the first film featured in the ScreenX auditorium.

Additional ScreenX locations in development, which will be located in B&B's PLF Grand Screen auditoriums and will open in 2022 and 2023 will include: B&B Theatres in Omaha, Nebraska. B&B Theatres in Wesley Chapel, Florida. B&B Theatres in Red Oak, Texas.

"B&B Theatres are great partners who have committed their largest PLF auditorium with luxury recliners to create the most immersive and differentiated experience available today in cinema," said Don Savant, President and CEO, CJ4DPLEX America. "We can't wait for audiences in new cities to see what ScreenX brings when coupled with an amazing slate of upcoming ScreenX films."

In 2018, CJ 4DPLEX and B&B Theatres initially partnered to introduce the largest ScreenX auditorium in the world in their PLF Grand Screen auditorium at their B&B Liberty Cinema 12 in Liberty, Missouri. That screen is over four stories tall and seven stories wide, and offers moviegoers one of the most premium, immersive viewing experiences in history. Currently B&B Theatres has ScreenX locations in Liberty, Missouri, Overland Park, Kansas and Ridgeland, Mississippi.

"We're excited to extend our partnership with CJ 4DPLEX and continue the successful introduction of ScreenX to our audiences," said Brock Bagby, Executive Vice President of B&B Theatres. "We are continuing to innovate the way people experience movies and look forward to expanding our work with CJ4DPLEX for years to come."

ScreenX is the world's first multi-projection cinema with an immersive 270 degree field of view. By expanding the image beyond the frame and onto the walls of the theatre, ScreenX places the audience directly at the center of the story, creating a visually immersive viewing experience unlike any other. To date, there are now over 372 ScreenX auditoriums around the world in 38 countries.

B&B Theatres has been family owned and operated since 1924 when Elmer Bills Sr. opened a movie house in Salisbury, Missouri where the future Mrs. Bills played the piano for silent movies. During the company's 98 years, and four generations of family involvement, it has seen the coming of sound, color, Technicolor, stadium seating, multiplexes, recliners and digital cinema. B&B Theatres is the 5th largest theatre chain in America and operates approximately 517 screens at 54 locations in Florida, Georgia, Iowa, Kansas, Minnesota, Missouri, Mississippi, Nebraska, North Carolina, South Carolina, Oklahoma, Texas, Virginia & Washington

ABOUT CJ 4DPLEX. CJ 4DPLEX is a leading, next-generation cinema technology company, headquartered in Seoul with international offices in Los Angeles and Beijing. The company has created innovative film technologies for theaters worldwide that include 'ScreenX', '4DX', and '4DX Screen' for consumers to experience films in ways that were never before possible.

CJ 4DPLEX is a part of the CJ Group conglomerate that also includes entertainment powerhouses CJ CGV, the fifth largest theater chain in the world, and CJ ENM (CJ Entertainment & Media), who produced the Academy Award®, Golden Globe® and SAG Awards winning film, "Parasite". CJ 4DPLEX was named Most Innovative Company of 2017 and 2019 in Live Events by Fast Company, and the technology has been recognized with Silver at the Edison Awards in the Media and Visual Communications-Entertainment category in 2015 and 2018.

ScreenX is the world's first multi-projection cinema with an immersive 270 degree field of view. By expanding the image beyond the frame and onto the walls of the theatre, ScreenX places the audience directly at the center of the story, creating a visually immersive viewing experience unlike any other. To date, there are over 372 ScreenX auditoriums around the world in 38 countries.

4DX provides moviegoers with a multi-sensory cinema-going experience, allowing audiences to connect with movies through motion, vibration, water, wind, snow, lightning, scents, and other special effects that enhance the visuals on-screen. Each 4DX auditorium incorporates motion-based seating synchronized with more than 21 different effects and optimized by a team of skilled editors. To date, there are over 776 4DX auditoriums around the world, spanning over 69 countries.

Prospects for 2023 Chicago Auto Industry

prospects for 2023 chicago auto industry

Many analysts note that the famous Chicago auto industry is accelerating faster and faster today. True, as an early effect of the raging Covid-19, there was a significant dip in the road. Regardless, car production and car sales have now roared back. Pundits say substantial changes lie ahead, and better days are sure to come. Beginning in the final quarter of 2020 and running into 2021, things started taking a good turn.

Interestingly, in recent months, automakers worldwide have experienced tremendous changes. In a few cases, there've been record production and sales levels. Just like many industries across various geographic regions, the past pandemic experience gave birth to accelerated trends, impacting the mobility value chain, particularly what was already building up in the preceding months and years.

When we think about the data-driven 2025 enterprise, it paints a positive picture of the future ahead. Try also to think about the car and truck buying businesses. Before the pandemic hit the world, many consumers had a great opportunity to explore various vehicles online, comparing prices. They could virtually experience 360-degree views of the specific vehicle they wished to buy and even visit several carmaker websites in an effort to (virtually) build their own cars. Such features were available even when, in most places, the buyers were required to visit a physical location to complete the process.

In time such technological advances proved invaluable; indeed, some car dealers decided to close down their sales shops in order to engage customers using videoconferencing techniques, the phone, and arranging for special appointments. Buyers could also utilize apps and sites to seamlessly explore and arrange such related services, including insurance and financing- they could do all these remotely and virtually as a manifestation of the modern car-buying process.

After the pandemic, many customers started flocking back to most of Chicago's dealership floors. This proved that most people still wished to interact with sellers and dealers and see, feel and test-drive their selected vehicles before actually buying them. As time moved on, different platforms, including the physical and the virtual, continued existing side by side. They complement and compete with one another. Notably, specific car and truck models have continued thriving by using a different system other than the traditional dealer showrooms. Among these are the top-class Tesla, Volkswagen, Volvo, and Porsche. Several other leading automakers have decided to try doing business using a new manufacturer-led model that focuses on selling and servicing vehicles. Many of these boast of having a solid legacy dealer network.

Interestingly, comparable dynamics revolving around digital and legacy elements are actively playing out in the vehicle manufacturing sector. The supply chains are holding steadily despite the earlier jitters that the industry would be adversely affected by things like microchip shortages, geopolitical tensions, and the certain blockage of the strategic Suez Canal. Further, just like in the car buying business, there is considerably greater transparency in the manufacturing sector, owing to digital advancement.

Analysts generally expect the auto industry at large to have certain significant factors accelerating the growth situation. The core autonomous, electrification, shared mobility, and smart technology trends are expected to accelerate. Significantly, companies and funds outside the traditional automotive industry have invested over $300 billion in various ACES technologies. They did this because they believed in the promising future of mobility. Over the years, investments in connectivity (including cybersecurity and infotainment sectors) have significantly increased.

As of 2022, the prevailing trends clearly suggest that the mobility factor will continue to impact the digital space with businesses becoming ever more connected. Certainly, advances in electric vehicle technology also play a central role in promoting production and business. Indeed, electric car consumers who considered the sustainability factor in their vehicle-buying decisions actually pushed their sales up, eventually realizing up to a 43% increase in 2020. There's little doubt that changes in mobility factors call for changes in capabilities. Thus, automakers will have no option but to adjust their organizations. They can do this, for instance, by increasing the number of software engineers vis-a-vis the mechanical engineers. Generally, automakers may be required to re-skill up to ¼ of their current workforce. Analysts expect such trends to accelerate, particularly as the industry picks up from the past Covid-19 pandemic aftermath.

Personal Cloud 50.8 billion dollars by 2027

personal cloud 50.8 billion dollars by 2027

According to a research report Personal Cloud Market with COVID-19 Impact, By Revenue Type, User Type (Enterprises (SMEs and Large Enterprises) and Consumers), and Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) - Global Forecast to 2027", published by MarketsandMarkets™, the global Personal Cloud Market is projected to grow from USD 20.8 billion in 2022 to USD 50.8 billion by 2027 at a compound annual growth rate (CAGR) of 19.6' during the forecast period.

A personal cloud is a repository of digital content and services that can be accessed from any device. Personal cloud is a non-physical entity. It is a location where users can store, synchronize, stream, and share content while moving from one platform, screen, and location to another. It was built on connected services and applications. It reflects and sets consumer expectations for how next-generation computing services will function. The online cloud is also known as the public cloud.

The Consumer segment is estimated to have the largest market size during the forecast period

Since the introduction of the internet, the computer industry has been shifting away from local to server-based storage. However, it was only with the introduction of personal storage and file-sharing services that cloud storage began to achieve popular notice and use. The drive toward the personal cloud is to complete utilization of the storage of computer or mobile as consumers can put media and documents in an online drive and share it across devices.

Personal cloud is undoubtedly one of the most profitable investments a small firm can make. Due to its cost-effectiveness and flexibility of use, online storage solutions for small businesses have exploded in popularity in recent years. These cloud-based storage systems are scalable and dont require a large upfront investment in physical storage equipment. Other benefits of using Cloud storage solutions include disaster recovery, increased security, and real-time data updates. Some of the key players for SMEs are Spideroak, Just Cloud, which supports third-party apps to run smoothly and efficiently. Cloud storage for SMEs has some features, such as workflow management, data management, and user management. Small business storage and backup options provide 100' data security and privacy, as well as complete customer control.

Personal cloud storage, mobile cloud storage, and pocket cloud storage are all terms used in the North American Personal Cloud Market. Personal cloud can take on different meanings depending on how it is implemented, such as when it acts as a storage appliance that can be retrieved wirelessly or via the internet. Because of the growth in multi-cultural organizations that are required to work over similar platforms without compromising on the quality of work across different geographical locations, the US market accounted for the largest share of the North American Personal Cloud Market.

Some of the major players in the Personal Cloud Market are Alphabet Inc, (US), Microsoft Corporation (US), Apple Inc. (US), Dropbox, Inc. (US), Amazon Web Services, Inc. (US), Box (US), Seagate Technology LLC (US), Western Digital Corporation (US), Synchronoss Technologies, Inc. (US), Egnyte, Inc. (US), Buffalo Inc. and Melco Holdings Inc. (Japan), Funambol, Inc. (US), j2 Global, Inc. (US), D-Link Corporation (Taiwan), ElephantDrive Inc. (US), ownCloud (Germany), Cloudike (US), SpiderOak Inc. (US), pCloud AG (Switzerland), Tresorit, and ASUS Cloud Corporation (Switzerland), Internxt Inc. (Spain), IceDrive, Sync.com (Canada), iDrive Inc. (US), MiMedia Inc. (US), Dracoon (Germany), and OpenDrive Inc. (US).