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GlobalData

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Hotel industry is resilient and will bounce back as impact of COVID-19 lessens

The hotel industry’s vulnerabilities are multi-faceted, but its ability to deal with impacts associated with these vulnerabilities in the past stands it in good stead to overcome the coronavirus (COVID-19) pandemic, Ralph Hollister, Analyst, Travel & Tourism at GlobalData, offers his view: “It is imperative that hotels across the globe remember how they have overcome a range of past crises such as natural disasters, the SARS outbreak and acts of terrorism when thinking through their strategies to handle the COVID-19 crisis. “As the impact of COVID-19 lessens and demand increases, it is crucial that hotels […]
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US dominates global top five VC funded AI technology companies list in 2019

The US accounted for four of the top five venture capital (VC) funded companies in the artificial intelligence (AI) space in 2019. Moreover, the top position was also occupied by an American firm, according to GlobalData, a leading and data analytics company. The four American companies (Nuro Inc., Databricks Inc., Aurora Innovation Inc. and UiPath Inc.) collectively raised a total of US$2.8bn in VC funding during 2019, while the American firm Nuro Inc. (Nuro), which works in the autonomous driving space, raised US$940m, the highest VC funding among […]
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Collaboration software Slack one of the leading tools to help businesses survive coronavirus

The Slack collaboration tool will play a key role for businesses in successfully negotiating the impact of the coronavirus (COVID-19), according to GlobalData, a leading data and analytics company.  Slack has gained a leading position in the Coronavirus theme, according to the latest Thematic Scorecard for the application software sector. The collaboration software vendor gained the highest Thematic score (5 out of 5) for the Coronavirus theme. A Thematic score of 5 out of 5 indicates that the company’s competitive position in this theme will significantly improve its future performance. Slack recently overhauled its platform with a redesign intended to offer a much cleaner navigation experience of the app’s […]
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Significant unmet needs remain in the global psoriatic arthritis market

Despite the plethora of drugs currently available for patients with psoriatic arthritis (PsA), several key unmet needs remain, according to GlobalData, a leading data and analytics company. The company’s report: ‘Psoriatic Arthritis: Global Drug Forecast and Market Analysis to 2028’ reveals that the PsA market was worth over $4.6bn in 2018 and is set to grow to $9.4bn by 2028. Key unmet needs in the disease space include increased clinician awareness, earlier PsA diagnoses, improved drug safety and efficacy across all disease domains […]
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New health trend opportunity as sleep-friendly ingredients enter beverages and snacking

The incorporation of sleep-friendly ingredients in food and drinks is expected to have future potential as it closely aligns with many consumers’ want for a better night’s rest through natural methods, according to GlobalData, a leading data and analytics company. According to the company’s Global 2019 Q3 Consumer Survey, a notably higher proportion of Gen X and Gen Y consumers worldwide (79%) are concerned about tiredness/fatigue than […]
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Coronavirus could cause long-term pain for French regional airport network

Following the temporary closure of a number of significant French airports (Paris Orly Airport, Montpellier-Méditerranée and Nantes-Atlantique) as a result of the coronavirus (COVID-19) pandemic; John Vandesquille, Research Analyst at GlobalData, a leading data and analytics company, offers his view: “These closures will prove very costly for the companies managing them and resuming activities at the end of the crisis will certainly be […]
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Over US$50bn in capital expenditure cuts announced as oil and gas companies grapple with COVID-19 and oil price war

As the oil and gas sector comes to terms with decade-low oil prices and global disruptions caused by the coronavirus (COVID-19), company costs and investments are being slashed with over US$50bn pledged to date and more on the horizon, says GlobalData, a leading data and analytics company. Daniel Rogers, Oil and Gas Analyst at GlobalData, comments: “Of the announced US$50bn in cuts to date, approximately 20% of that is coming solely from Saudi Aramco, which could have implications for its ongoing expansion projects in the country. […]
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McDonald’s takes proactive approach letting consumers choose their favorite burger post-COVID-19

Following today’s news that McDonald’s is reportedly letting consumers choose what is on the menu upon its reopening after the coronavirus (COVID-19) outbreak ends; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view on the fast-food operators’ latest marketing move: “This is a savvy marketing move demonstrating McDonald’s ability […]
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Convenience is driving greater adoption of drone technology in service-based products

Worldwide internet connectivity continues to grow, demonstrating technology’s influence on shifting buying behavior from instore to online. Digital marketplaces are playing a huge role in evolving desires for ‘convenience’, in addition to furthering demand. Consumption online has evolved the necessity of convenience and created an ‘on-demand’ economy, says GlobalData, a leading data and analytics company. The company’s 2019 Q3 Global Consumer Survey found that 61% of consumers are interested in and actively buy products that help […]
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Exemplary ethics will pay off beyond the coronavirus outbreak

In the midst of the coronavirus (COVID-19) outbreak, retailers that have made bold commitments to their staff, customers and the wider community will be remembered while those that have proven themselves to be less ethical risk falling out of favour with shoppers when normality returns, says GlobalData, a leading data and analytics company. Emily Salter, […]
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Pivotal moment for retail as Next shuts online operation

Following the decision by UK clothing retailer Next to shut its online operations down last night, Patrick O’Brien, UK Retail Research Director at GlobalData, a leading data and analytics company, offers his view: “Next’s decision is likely to reverberate across the retail industry – and many warehouse workers at other retailers will question why they […]
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Coronavirus to wipe out one fifth of UK fashion spend in 2020

The UK clothing & footwear sector will bear the brunt of the coronavirus’ (COVID-19) impact on retail, with 2020 sales down £11.1bn on 2019, according to preliminary forecasts by GlobalData, a leading data and analytics company. Kate Ormrod, Lead Retail Analyst at GlobalData, comments: “Amid a UK lockdown and self-isolation, buying new clothes and footwear […]
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Securing finance will be key to cruise industry survival amid coronavirus pandemic

Following the news that Royal Caribbean has agreed a $2.2bn loan facility with banks to shore up cash flows as the coronavirus (COVID-19) pandemic hits travel companies; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Given that cruise operations could be restricted for months; it is crucial that businesses secure finance to ensure they can navigate a period […]
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Goodyear’s sentiments slide in Q4 2019 due to challenging environment

Goodyear Tire & Rubber Co.’s (Goodyear) sentiments declined in the fourth quarter (Q4) of 2019 (Quarter ending December 31, 2019) compared to Q3 2019, due to the automotive industry’s challenging environment and distributor concerns, says GlobalData, a leading data and analytics company. GlobalData’s Company Filing Analytics platform found that Goodyear’s overall sentiment score declined by 15% in Q4 2019 compared to Q3 2019. In the Q4 2019 earnings transcript, discussion around ‘challenging environment’ weighed heavily. Goodyear incurred a net loss of US$392m in Q4 2019. The global downturn in automotive original equipment manufacturer (OEM) volumes […]
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American firms remained the top acquirers in AI tech space during 2015–2019

American tech giants dominated the list of top five acquirers (by number of acquisitions) in the artificial intelligence (AI) tech space during 2015–2019, according to GlobalData, a leading data and analytics company. Of the top five acquirers, four positions were occupied by companies headquartered in the US. These companies also occupied the top four positions, while Ireland-based Accenture occupied the fifth position. The four US-based companies, Apple, Google, Microsoft and Facebook collectively accounted for 60 acquisitions in the AI tech space during 2015–2019. Apple led with 23 acquisitions, followed by Google and Microsoft […]
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Coronavirus pandemic could impact the way we shop and help the environment at the same time

The spread of coronavirus (COVID-19) across the globe is having devastating effects on consumers’ lives, global politics and the global economy – one topic of discussion that seems to have been put on the back burner for now, is the environmental impact. The impact of this virus is unprecedented in this century, however, the change it may lead to could bring about positive change in the way consumers perceive and contribute to environmentally friendly initiatives, says GlobalData, a leading data and analytics company. David Utley, […]
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