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The Sale of Agriculture Equipment in the UK to Reach 35,796 Units by 2028; The Emphasis on Export-Centric Production & Revenue Incentives Boosting the Market Sales – Arizton
The Sale of Agriculture Equipment in the UK to Reach 35,796 Units by 2028; The Emphasis on Export-Centric Production & Revenue Incentives Boosting the Market Sales – Arizton
PR Newswire
CHICAGO, Feb. 9, 2023
CHICAGO, Feb. 9, 2023 /PRNewswire/ -…
The Sale of Agriculture Equipment in the UK to Reach 35,796 Units by 2028; The Emphasis on Export-Centric Production & Revenue Incentives Boosting the Market Sales - Arizton
PR Newswire
CHICAGO, Feb. 9, 2023
CHICAGO, Feb. 9, 2023 /PRNewswire/ -- According to Arizton's latest research report, the UK agricultural equipment market will grow at a CAGR of 3.6% from 2022 to 2028. Technological advances in agricultural equipment technology, shortage of agricultural laborers, use of energy-efficient agricultural equipment, and use of non-conventional fuels in tractors are key trends in the market.
The UK government is working on measures to double the quantity and revenue from agricultural product exports by 2025 with the slow growth of agricultural export share. The government identifies regions according to their current production of export foods and their potential to increase production with the help of new institutional reforms. The emphasis on export-centric production and revenue incentives by exporting large, high-quality products will boost the sale of new agricultural equipment.
UK Agricultural Equipment Market Report Scope
Report Attributes | Details |
Market Size (2028) | 35,796 Units |
Market Size (2022) | 28,970 Units |
CAGR (2022-2028) | 3.6 % |
Historic Year | 2020-2021 |
Base Year | 2022 |
Forecast Year | 2023-2028 |
Market Segmentation | Equipment Type and Application Type |
Largest Segment by Equipment Type | Tractors |
Largest Segment by Application Type | Post Harvesting |
Key Leading Vendors | John Deere, CNH Industrial, AGCO, Kubota, SDFJCB, CLAAS, TAFE, Foton Motor, ISEKI & Co., Ltd., Yanmar, and Arbos Group |
Page Number | 172 |
Market Dynamics | · Assistance to Farmers through Loans & Subsidies · Increased Agricultural Productivity & Exports · Increased Farm Mechanization |
Customization Available | If our report does not include the information you are searching for, you may contact us to have a report tailored to your specific business needs https://www.arizton.com/customize-report/3706 |
Click Here to Download the Free Sample Report
Recent Developments in the UK Agriculture Equipment Market:
- In March 2022, John Deere launched the new electric variable transmission (EVT) for select 8 Series Tractors and a new JD14X engine for 9 Series.
- Massey Ferguson launched the MF 6S series tractors in February 2022. This machine provides up to 180 HP with advanced technology.
- In March 2021, CNH Industrial partnered with Monarch Tractors, a US-based agri-technology company, to improve long-term sustainability and raise awareness of the importance of zero-emission agriculture among farmers.
- Massey Ferguson launched the MF 8S series tractors in July 2020. A guard-u install engine and a neo-retro design distinguish this series of tractors. These tractors are designed to advance smart farming technologies.
Boost in Farm Innovation Paving the Way Towards UK Agriculture Equipment Market
More than $19.9 million in funding for research and development in farming
In August 2022, the UK government announced Artificial Intelligence technology through research and development projects to optimize welfare in pigs and agri-robots to help boost vegetable harvests and automation increase in fruit crop yields objectives to receive funding through the Farming Innovation Program. The Farming Innovation Program aims to spark new ideas and collaboration across the sector to address long-term challenges in producing nutritious food more efficiently while helping the sector reduce greenhouse gas emissions to achieve net zero goals. These initiatives will boost the demand for innovative agricultural equipment in the country.
Why Should You Buy This Report?
This report is among the few in the market that offer outlook and opportunity analyses forecast in terms of:
- Market Size & Forecast Volume (Units) 2020–2028
- Segmentation by Equipment Type
- Segmentation by Application Type
- Major current and upcoming projects and investments.
- Competitive intelligence about the economic scenario, advantages in the UK, industry dynamics, and market shares.
- Latest and innovative technologies.
- Import and export analysis.
- COVID-19 impact analysis of the industry.
- Company profiles of major and other prominent vendors.
- Industry shares of major vendors.
Key Vendors
- John Deere
- CNH Industrial
- AGCO
- Kubota
- SDF
- JCB
- CLAAS
- TAFE
- Foton Motor
- ISEKI & Co., Ltd.
- Yanmar
- Arbos Group
Market Segmentation
Equipment Type
- Tractors (Horsepower and Wheel-Drive)
- Planting Equipment (Seeder, Planter, and Transplanter)
- Tillage Equipment (Plough, Harrow, and Tiller)
- Sprayer
- Harvesting Equipment (Combine Harvester and Self-Propelled Forages)
- Mowing Equipment (Mower and Windrower)
- Others (Loaders and Balers)
Application Type
- Land Development and Seed Bed Preparation
- Sowing and Planting
- Plant Protection
- Harvesting and Threshing
- Post Harvesting
Click Here to Download the Free Sample Report
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Table of Content
1RESEARCH METHODOLOGY
2RESEARCH OBJECTIVES
3RESEARCH PROCESS
4SCOPE & COVERAGE
4.1MARKET DEFINITION
4.1.1INCLUSIONS
4.1.2EXCLUSIONS
4.1.3MARKET ESTIMATION CAVEATS
4.2BASE YEAR
4.3SCOPE OF THE STUDY
5REPORT ASSUMPTIONS & CAVEATS
5.1KEY CAVEATS
5.2CURRENCY CONVERSION
5.3MARKET DERIVATION
6MARKET AT A GLANCE
7PREMIUM INSIGHTS
8INTRODUCTION
8.1OVERVIEW
8.2VALUE CHAIN ANALYSIS
8.2.1OVERVIEW
8.2.2RAW MATERIAL & COMPONENT SUPPLIERS
8.2.3MANUFACTURERS
8.2.4DEALERS/DISTRIBUTORS
8.2.5RETAILERS
8.2.6END-USERS
8.3BREXIT IMPACT ON UK AGRICULTURAL INDUSTRY
8.4BOOST IN FARMING INNOVATION
8.5AGRICULTURAL LAND-HOLDING STRUCTURES
8.6COMMON AGRICULTURAL POLICY & THE EUROPEAN UNION AGRICULTURAL EXPENDITURE
8.7IMPORT & EXPORT ANALYSIS
8.8TECHNOLOGICAL ADVANCES
9MARKET OPPORTUNITIES & TRENDS
9.1TECHNOLOGICAL ADVANCES IN AGRICULTURAL EQUIPMENT TECHNOLOGY
9.1.1SWATH CONTROL AND VARIABLE RATE TECHNOLOGY
9.1.2HIGH DEMAND FOR AUTONOMOUS EQUIPMENT
9.2SHORTAGE OF AGRICULTURAL LABORERS
9.3USE OF ENERGY-EFFICIENT AGRI EQUIPMENT
9.4USE OF NON-CONVENTIONAL FUELS IN TRACTORS
10MARKET GROWTH ENABLERS
10.1ASSISTANCE FOR FARMERS THROUGH LOANS & SUBSIDIES
10.2INCREASED AGRICULTURAL PRODUCTIVITY & EXPORTS
10.2.1AGRICULTURAL EXPORTS
10.3INCREASED FARM MECHANIZATION
11MARKET RESTRAINTS
11.1LACK OF AWARENESS OF LATEST INNOVATIONS IN AGRICULTURAL EQUIPMENT
11.1.1LACK OF EDUCATION AMONG FARMERS IN THE UK
11.2HIGH DEMAND FOR USED & RENTAL AGRI EQUIPMENT
11.3FLUCTUATIONS IN COMMODITY PRICES
12MARKET LANDSCAPE
12.1MARKET OVERVIEW
12.2MARKET SIZE & FORECAST
12.3FIVE FORCES ANALYSIS
12.3.1THREAT OF NEW ENTRANTS
12.3.2BARGAINING POWER OF SUPPLIERS
12.3.3BARGAINING POWER OF BUYERS
12.3.4THREAT OF SUBSTITUTES
12.3.5COMPETITIVE RIVALRY
13EQUIPMENT TYPE
13.1MARKET SNAPSHOT & GROWTH ENGINE
13.2MARKET OVERVIEW
13.3TRACTORS
13.3.1MARKET OVERVIEW
13.3.2TRACTOR REGULATIONS & REQUIREMENTS
13.3.3MARKET SIZE & FORECAST
13.3.4HORSEPOWER: MARKET SIZE AND FORECAST
13.3.5WHEEL-DRIVE: MARKET SIZE AND FORECAST
13.4PLANTING EQUIPMENT
13.4.1MARKET SNAPSHOT & GROWTH ENGINE
13.4.2MARKET OVERVIEW
13.4.3MARKET SIZE & FORECAST
13.4.4SEEDER: MARKET SIZE & FORECAST
13.4.5PLANTER: MARKET SIZE & FORECAST
13.4.6TRANSPLANTER: MARKET SIZE & FORECAST
13.5TILLAGE EQUIPMENT
13.5.1MARKET SNAPSHOT & GROWTH ENGINE
13.5.2MARKET OVERVIEW
13.5.3MARKET SIZE & FORECAST
13.5.4PLOUGH: MARKET SIZE & FORECAST
13.5.5HARROW: MARKET SIZE & FORECAST
13.5.6TILLER: MARKET SIZE & FORECAST
13.6HARVESTING EQUIPMENT
13.6.1MARKET SNAPSHOT & GROWTH ENGINE
13.6.2MARKET OVERVIEW
13.6.3MARKET SIZE & FORECAST
13.6.4COMBINE HARVESTER: MARKET SIZE & FORECAST
13.6.5SELF-PROPELLED FORAGE: MARKET SIZE & FORECAST
13.7MOWING EQUIPMENT
13.7.1MARKET SNAPSHOT & GROWTH ENGINE
13.7.2MARKET OVERVIEW
13.7.3MARKET SIZE & FORECAST
13.7.4MOWER: MARKET SIZE & FORECAST
13.7.5WINDROWER: MARKET SIZE & FORECAST
13.8SPRAYER
13.8.1MARKET OVERVIEW
13.8.2MARKET SIZE & FORECAST
13.9OTHER EQUIPMENT
13.9.1MARKET SNAPSHOT & GROWTH ENGINE
13.9.2MARKET OVERVIEW
13.9.3MARKET SIZE & FORECAST
13.9.4LOADER: MARKET SIZE & FORECAST
13.9.5BALER: MARKET SIZE & FORECAST
14APPLICATION TYPE
14.1MARKET SNAPSHOT & GROWTH ENGINE
14.2MARKET OVERVIEW
14.3LAND DEVELOPMENT AND SEED BED PREPARATION
14.3.1MARKET OVERVIEW
14.3.2MARKET SIZE & FORECAST
14.4SOWING AND PLANTING
14.4.1MARKET OVERVIEW
14.4.2MARKET SIZE & FORECAST
14.5PLANT PROTECTION
14.5.1MARKET OVERVIEW
14.5.2MARKET SIZE & FORECAST
14.6HARVESTING AND THRESHING
14.6.1MARKET OVERVIEW
14.6.2MARKET SIZE & FORECAST
14.7POST HARVESTING
14.7.1MARKET OVERVIEW
14.7.2MARKET SIZE & FORECAST
15COMPETITIVE LANDSCAPE
15.1COMPETITION OVERVIEW
15.1.1TRACTOR REGISTRATION STATISTICS
15.1.2BRAND LOYALTY
15.1.3SALES & EXPORTS
16KEY COMPANY PROFILES
16.1JOHN DEERE
16.1.1BUSINESS OVERVIEW
16.1.2PRODUCT OFFERINGS
16.1.3KEY STRATEGIES
16.1.4KEY STRENGTHS
16.1.5KEY OPPORTUNITIES
16.2CNH INDUSTRIAL
16.3AGCO
16.4KUBOTA
17OTHER PROMINENT VENDORS
17.1SDF
17.1.1BUSINESS OVERVIEW
17.1.2PRODUCT OFFERINGS
17.2JCB
17.3CLAAS
17.4TAFE
17.5FOTON
17.6ISEKI & CO., LTD.
17.7YANMAR
17.8ARBOS GROUP
18REPORT SUMMARY
18.1KEY TAKEAWAYS
18.2STRATEGIC RECOMMENDATIONS
19QUANTITATIVE SUMMARY
19.1MARKET BY EQUIPMENT TYPE
19.2MARKET BY APPLICATION TYPE
20APPENDIX
20.1ABBREVIATIONS
About Us:
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We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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SOURCE Arizton Advisory & Intelligence
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Women’s basketball is gaining ground, but is March Madness ready to rival the men’s game?
The hype around Caitlin Clark, NCAA Women’s Basketball is unprecedented — but can its March Madness finally rival the Men’s?
In March 2021, the world was struggling to find its legs amid the ongoing Covid-19 pandemic. Sports leagues were trying their best to keep going.
It started with the NBA creating a bubble in Orlando in late 2020, playing a full postseason in the confines of Disney World in arenas that were converted into gyms devoid of fans. Other leagues eventually allowed for limited capacity seating in stadiums, including the NCAA for its Men’s and Women’s Basketball tournaments.
The two tournaments were confined to two cities that year — instead of games normally played in different regions around the country: Indianapolis for the men and San Antonio for the women.
But a glaring difference between the men’s and women’s facilities was exposed by Oregon’s Sedona Prince on social media. The workout and practice area for the men was significantly larger than the women, whose weight room was just a single stack of dumbbells.
Let me put it on Twitter too cause this needs the attention pic.twitter.com/t0DWKL2YHR
— SEDONA (@sedonaprince_) March 19, 2021
The video drew significant attention to the equity gaps between the Men’s and Women’s divisions, leading to a 114-page report by a civil rights law firm that detailed the inequities between the two and suggested ways to improve the NCAA’s efforts for the Women’s side. One of these suggestions was simply to give the Women’s Tournament the same March Madness moniker as the men, which it finally got in 2022.
But underneath the surface of these institutional changes, women’s basketball’s single-biggest success driver was already emerging out of the shadows.
During the same COVID-marred season, a rookie from Iowa led the league in scoring with 26.6 points per game.
Her name: Caitlin Clark.
As it stands today, Clark is the leading scorer in the history of college basketball — Men’s or Women’s. Her jaw-dropping shooting ability has fueled record viewership and ticket sales for Women’s collegiate games, carrying momentum to the March Madness tournament that has NBA legends like Kevin Garnett and Paul Pierce more excited for the Women’s March Madness than the Men’s this year.
Related: Ticket prices for Caitlin Clark's final college home game are insanely high
But as the NCAA tries to bridge the opportunities given to the two sides, can the hype around Clark be enough for the Women’s March Madness to bring in the same fandom as the Men for the 2024 tournaments?
TheStreet spoke with Jon Lewis of Sports Media Watch, who has been following sports viewership trends for the last two decades; Melissa Isaacson, a veteran sports journalist and longtime advocate of women’s basketball; and Pete Giorgio, Deloitte’s leader for Global and US Sports to dissect the rise Caitlin Clark and women’s collegiate hoops ahead of March Madness.
“Nobody is moving the needle like Caitlin Clark,” Lewis told TheStreet. “Nobody else in sports, period, right now, is fueling record numbers on all these different networks, driving viewership beyond what the norm has been for 20 years."
The Caitlin Clark Effect is real — but there are other reasons for the success of women's basketball
The game in which Clark broke the all-time college scoring record against Ohio State on Sunday, Mar. 3 was seen by an average of 3.4 million viewers on Fox, marking the first time a women’s game broke the two million viewership barrier since 2010. Viewership for that game came in just behind the men’s game between Michigan State vs Arizona game on Thanksgiving, which Lewis said was driven by NFL viewership on the same day.
A week later, Iowa’s Big Ten Championship win over Nebraska breached the three million viewers mark as well, and the team has also seen viewership numbers crack over 1.5 million viewers multiple times throughout the regular season.
The success on television has also translated to higher ticket prices, as tickets to watch Clark at home and on the road have breached hundreds of dollars and drawn long lines outside stadiums. Isaacson, who is a professor at Northwestern, said she went to the game between the Hawkeyes and Northwestern Wildcats — which was the first sellout in school history for the team — and witnessed the effect of Clark in person.
“Standing in line interviewing people at the Northwestern game, seeing men who've never been to a women's game with their little girls watching and so excited, and seeing Caitlin and her engaging with little girls, it’s just been really fun,” Isaacson said.
But while Clark is certainly the biggest success driver, her game isn’t the only thing pulling up the women’s side. The three-point revolution, which started in the NBA with the introduction of deeper analytics as well as the rise of stars like Steph Curry, has been a positive for the Women’s game.
“They backed up to the three-point line and it’s opening up the game,” Isaacson said.
One of the major criticisms from a lot of women’s hoops detractors has been how the game does not compare in terms of quality to the men. However, shooting has become a great equalizer, displayed recently during the 2024 NBA All-Star Weekend last month when the WNBA’s Sabrina Ionescu nearly defeated Curry — who is widely considered the greatest shooter ever — in a three-point contest.
Clark has become the embodiment of the three-point revolution for the women. Her shooting displays have demanded the respect of anyone who has doubted women’s basketball in the past because being a man simply doesn’t grant someone the ability to shoot long-distance bombs the way she can.
Basketball pundit Bill Simmons admitted on a Feb. 28 episode of “The Bill Simmons Podcast” that he used to not want to watch women’s basketball because he didn’t enjoy watching the product, but finds himself following the women’s game this year more than the men’s side in large part due to Clark.
“I think she has the chance to be the most fun basketball player, male or female, when she gets to the pros,” Simmons said. “If she’s going to make the same 30-footers, routinely. It’s basically all the same Curry stuff just with a female … I would like watching her play in any format.”
But while Clark is driving up the numbers at the top, she’s not the only one carrying the greatness of the product. Lewis, Isaacson, Giorgio — and even Simmons, on his podcast — agreed that there are several other names and collegiate programs pulling in fans.
“It’s not just Iowa, it’s not just Caitlin Clark, it’s all of these teams,” Giorgio said. “Part of it is Angel Reese … coaches like Dawn Staley in South Carolina … You’ve got great stories left and right.”
The viewership showed that as well because the SEC Championship game between the LSU Tigers and University of South Carolina Gamecocks on Sunday, Mar. 10 averaged two million viewers.
Bridging the gap between the Men’s and Women’s March Madness viewership
The first reason women are catching up to the men is really star power. While the Women’s division has names like Clark and Reese, there just aren’t any names on the Men’s side this year that carry the same weight.
Garnett said on his show that he can’t name any men’s college basketball players, while on the women’s side, he could easily throw out the likes of Clark, Reese, UConn’s Paige Bueckers, and USC’s JuJu Watkins. Lewis felt the same.
Kevin Garnett energy towards WBB is unmatched. Sorry for the language but that’s how he talks. Just watch. pic.twitter.com/0yGBRGaF3O
— The9450 Podcast Network (@The9450) March 8, 2024
“The stars in the men's game, with one and done, I genuinely couldn't give you a single name of a single men’s player,” Lewis said.
A major reason for this is that the Women’s side has the continuity that the Men’s side does not. The rules of the NBA allow for players to play just one year in college — or even play a year professionally elsewhere — before entering the draft, while the WNBA requires players to be 22-years-old during the year of the draft to be eligible.
“You know the stars in the women's game because they stay longer,” Lewis said. “[In the men’s game], the programs are the stars … In the women's game, it's a lot more like the NBA where the players are the stars.”
Parity is also a massive factor on both sides. The women’s game used to be dominated by a few schools like UConn and Notre Dame. Nowadays, between LSU, Iowa, University of South Carolina, Stanford, and UConn, there are a handful of schools that have a shot to win the entire tournament. While this is more exciting for fans, the talent in the women's game isn’t deep enough, so too many upsets are unlikely. Many of the biggest draws are still expected to make deep runs.
But on the men’s side, there is a bigger shot that the smaller programs make it to the end — which is what was seen last year. UConn eventually won the whole thing, but schools without as big of a national fanbase in San Diego State, Florida Atlantic University, and the University Miami rounded out the Final Four.
“People want to see one Cinderella,” Lewis said. “They don't want to see two and three, they want one team that isn't supposed to be there.”
Is Women's March Madness ready to overtake the Men?
Social media might feel like it’s giving more traction to the Women’s game, but experts don’t necessarily expect that to show up in the viewership numbers just yet.
“There’s certainly a lot more buzz than there used to be,” Giorgio said. “It’s been growing every year for not just the past few years but for 10 years, but it’s hard to compare it versus Men’s.”
But the gap continues to get smaller and smaller between the two sides, and this year's tournament could bridge that gap even further.
One indicator is ticket prices. For the NCAA Tournament Final Four in April, “get-in” ticket prices are currently more expensive for the Women’s game than the Men’s game, according to TickPick. The ticketing site also projects that the Women’s Final Four and Championship game ticket prices will smash any previous records for the Women’s side should Clark and the Hawkeyes make a run to the end.
The caveat is that the Women’s Final Four is played in a stadium that has less than a third of the seating capacity of the Men’s Final Four. That’s why the average ticket prices are still more expensive for the men, although the gap is a lot smaller this year than in previous years.
But that caveat pretty much sums up where the women’s game currently stands versus the men’s: There is still a significant gap between the distribution and availability of the former.
While Iowa’s regular season games have garnered millions of viewers, the majority of the most-viewed games are still Men’s contests.
To illustrate the gap between the men’s and women’s game — last year’s Women’s Championship game that saw the LSU Tigers defeat the Hawkeyes was a record-breaking one for the women, drawing an average of 9.9 million viewers, more than double the viewership from the previous year.
One of the main reasons for that increase, as Lewis pointed out, is that last year’s Championship game was on ABC, which was the first time since 1995 that the Women’s Championship game was on broadcast television. The 1995 contest between UConn and Tennessee drew 7.4 million viewers.
The Men’s Championship actually had a record low in viewership last year garnering only 14.7 million viewers, driven in-part due to a lack of hype surrounding the schools that made it to the Final Four and Championship game. Viewership for the Men’s title game has been trending down in recent years — partly due to the effect the pandemic had on collective sports viewership — but the Men’s side had been easily breaching 20 million viewers for the game as recently as 2017.
Iowa's Big Ten Championship win on Sunday actually only averaged 6,000 fewer viewers than the iconic rivalry game between Duke and University of North Carolina Men’s Basketball the day prior. However, there is also the case that the Iowa game was played on broadcast TV (CBS) versus the Duke-UNC game airing on cable channel (ESPN).
So historical precedence makes it unlikely that we’ll see the women’s game match the men’s in terms of viewership as early as this year barring another massive viewership jump for the women and a lack of recovery for the Men’s side.
But ultimately, this shouldn’t be looked at as a down point for Women’s Basketball, according to Lewis. The Men’s side has built its viewership base for years, and the Women’s side is still growing. Even keeping pace with the Men’s viewership is already a great sign.
“The fact that these games have Caitlin Clark are even in the conversation with men's games, in terms of viewership is a huge deal,” Lewis said.
Related: Angel Reese makes bold statement for avoiding late game scuffle in championship game
recovery pandemic covid-19Uncategorized
One city held a mass passport-getting event
A New Orleans congressman organized a way for people to apply for their passports en masse.
While the number of Americans who do not have a passport has dropped steadily from more than 80% in 1990 to just over 50% now, a lack of knowledge around passport requirements still keeps a significant portion of the population away from international travel.
Over the four years that passed since the start of covid-19, passport offices have also been dealing with significant backlog due to the high numbers of people who were looking to get a passport post-pandemic.
Related: Here is why it is (still) taking forever to get a passport
To deal with these concurrent issues, the U.S. State Department recently held a mass passport-getting event in the city of New Orleans. Called the "Passport Acceptance Event," the gathering was held at a local auditorium and invited residents of Louisiana’s 2nd Congressional District to complete a passport application on-site with the help of staff and government workers.
'Come apply for your passport, no appointment is required'
"Hey #LA02," Rep. Troy A. Carter Sr. (D-LA), whose office co-hosted the event alongside the city of New Orleans, wrote to his followers on Instagram (META) . "My office is providing passport services at our #PassportAcceptance event. Come apply for your passport, no appointment is required."
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The event was held on March 14 from 10 a.m. to 1 p.m. While it was designed for those who are already eligible for U.S. citizenship rather than as a way to help non-citizens with immigration questions, it helped those completing the application for the first time fill out forms and make sure they have the photographs and identity documents they need. The passport offices in New Orleans where one would normally have to bring already-completed forms have also been dealing with lines and would require one to book spots weeks in advance.
These are the countries with the highest-ranking passports in 2024
According to Carter Sr.'s communications team, those who submitted their passport application at the event also received expedited processing of two to three weeks (according to the State Department's website, times for regular processing are currently six to eight weeks).
While Carter Sr.'s office has not released the numbers of people who applied for a passport on March 14, photos from the event show that many took advantage of the opportunity to apply for a passport in a group setting and get expedited processing.
Every couple of months, a new ranking agency puts together a list of the most and least powerful passports in the world based on factors such as visa-free travel and opportunities for cross-border business.
In January, global citizenship and financial advisory firm Arton Capital identified United Arab Emirates as having the most powerful passport in 2024. While the United States topped the list of one such ranking in 2014, worsening relations with a number of countries as well as stricter immigration rules even as other countries have taken strides to create opportunities for investors and digital nomads caused the American passport to slip in recent years.
A UAE passport grants holders visa-free or visa-on-arrival access to 180 of the world’s 198 countries (this calculation includes disputed territories such as Kosovo and Western Sahara) while Americans currently have the same access to 151 countries.
stocks pandemic covid-19 grantsUncategorized
Fast-food chain closes restaurants after Chapter 11 bankruptcy
Several major fast-food chains recently have struggled to keep restaurants open.
Competition in the fast-food space has been brutal as operators deal with inflation, consumers who are worried about the economy and their jobs and, in recent months, the falling cost of eating at home.
Add in that many fast-food chains took on more debt during the covid pandemic and that labor costs are rising, and you have a perfect storm of problems.
It's a situation where Restaurant Brands International (QSR) has suffered as much as any company.
Related: Wendy's menu drops a fan favorite item, adds something new
Three major Burger King franchise operators filed for bankruptcy in 2023, and the chain saw hundreds of stores close. It also saw multiple Popeyes franchisees move into bankruptcy, with dozens of locations closing.
RBI also stepped in and purchased one of its key franchisees.
"Carrols is the largest Burger King franchisee in the United States today, operating 1,022 Burger King restaurants in 23 states that generated approximately $1.8 billion of system sales during the 12 months ended Sept. 30, 2023," RBI said in a news release. Carrols also owns and operates 60 Popeyes restaurants in six states."
The multichain company made the move after two of its large franchisees, Premier Kings and Meridian, saw multiple locations not purchased when they reached auction after Chapter 11 bankruptcy filings. In that case, RBI bought select locations but allowed others to close.
Another fast-food chain faces bankruptcy problems
Bojangles may not be as big a name as Burger King or Popeye's, but it's a popular chain with more than 800 restaurants in eight states.
"Bojangles is a Carolina-born restaurant chain specializing in craveable Southern chicken, biscuits and tea made fresh daily from real recipes, and with a friendly smile," the chain says on its website. "Founded in 1977 as a single location in Charlotte, our beloved brand continues to grow nationwide."
Like RBI, Bojangles uses a franchise model, which makes it dependent on the financial health of its operators. The company ultimately saw all its Maryland locations close due to the financial situation of one of its franchisees.
Unlike. RBI, Bojangles is not public — it was taken private by Durational Capital Management LP and Jordan Co. in 2018 — which means the company does not disclose its financial information to the public.
That makes it hard to know whether overall softness for the brand contributed to the chain seeing its five Maryland locations after a Chapter 11 bankruptcy filing.
Bojangles has a messy bankruptcy situation
Even though the locations still appear on the Bojangles website, they have been shuttered since late 2023. The locations were operated by Salim Kakakhail and Yavir Akbar Durranni. The partners operated under a variety of LLCs, including ABS Network, according to local news channel WUSA9.
The station reported that the owners face a state investigation over complaints of wage theft and fraudulent W2s. In November Durranni and ABS Network filed for bankruptcy in New Jersey, WUSA9 reported.
"Not only do former employees say these men owe them money, WUSA9 learned the former owners owe the state, too, and have over $69,000 in back property taxes."
Former employees also say that the restaurant would regularly purchase fried chicken from Popeyes and Safeway when it ran out in their stores, the station reported.
Bojangles sent the station a comment on the situation.
"The franchisee is no longer in the Bojangles system," the company said. "However, it is important to note in your coverage that franchisees are independent business owners who are licensed to operate a brand but have autonomy over many aspects of their business, including hiring employees and payroll responsibilities."
Kakakhail and Durranni did not respond to multiple requests for comment from WUSA9.
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