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Following the news that Zomato has launched a new inter-city food delivery service ‘Intercity Legends’; Bobby Verghese, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “To reinvigorate its food delivery business, Zomato is experimenting with new value-added services by leveraging its existing delivery fleet. The launch of a 10-minute delivery […]
Thomas Cook India set to increase its customer base using multi-channel strategy, says GlobalData
Thomas Cook India Limited (TCIL) is set to expand its customer base as it successfully targets both online and offline channels, and by capitalizing on its branch network, which is the company’s primary competency and a significant contributor to sales and profits, says GlobalData, a leading data and analytics company. GlobalData’s latest Report, ‘Case Study: […]
On-premise consumption will propel Japan hot drinks market at 4.7% CAGR through 2026, predicts GlobalData
As Japan is set to start lifting the COVID-19 restrictions on inbound tourist entry from September, and refrain from reimposing national restrictions, the on-premise demand for hot drinks is expected to rebound in the country. Consequently, the country’s hot drinks market will expand at a compound annual growth rate (CAGR) of 4.7% from JPY2,290.2 billion […]
Instant coffee to drive South Korea hot drinks market to $5 billion in 2026, predicts GlobalData
With employees returning to workplaces in South Korea, instant coffee has seen a rise in consumption, bolstering the growth of the hot drinks sector in the country. Hot tea is also gaining favor, underpinned by the heightened health-consciousness in the light of COVID-19, and celebrity endorsements. As a result, the South Korean hot drinks market […]
United Spirits sales freeze calling for reforms in $41.9 billion India spirits market likely to be short-lived, says GlobalData
Following the news that United Spirits has paused sales of spirits in Indian states where product prices are capped despite the rising inflation levels: Bobby Verghese, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Diageo Plc and its Indian subsidiary, United Spirits, commanded 29% of volume share in the 3.3 […]
Advanced biologic drugs and COVID-19 vaccines creating opportunities for packaging providers to supply big pharma companies, says GlobalData
Injectable drugs and their packaging requirements are providing ample opportunities for packaging firms to supply big pharmaceutical companies, given the volume of vaccines, including the latest Omicron boosters required to tackle the COVID-19 pandemic, and the rising number of biologics, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Contract Injectable Packaging Trends in […]
China to account for more than quarter of caustic soda capacity additions in Asia by 2026, forecasts GlobalData
China will register the highest caustic soda capacity additions in Asia, contributing about 41% of the region’s capacity additions by 2026, estimates GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Caustic Soda Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced […]
Eko, Caregility partner to establish position in smart stethoscope market, says GlobalData
Eko, a digital health company, has partnered with the telehealth company Caregility to develop an integrated platform for smart stethoscope technology. This collaboration comes at an appropriate time as the aftermath of the COVID-19 pandemic has created a need for more advanced healthcare solutions such as virtual examinations, says GlobalData, a leading data and analytics […]
Japan Sake Viva! campaign should encourage consumers to drink better, not more, says GlobalData
Following the news that Japan’s National Tax Agency has launched a “Sake Viva!” contest to stimulate the consumption of alcoholic drinks among young consumers: Biswarup Bose, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Over the last decade, alcoholic beverage sales in Japan have been waning owing to the rapidly […]
India’s RFP for quantum communications solutions likely driven by China’s advancements in QKD development, says GlobalData
The Indian Ministry of Defence (MOD) has recently issued a commercial Request For Proposal (RFP) to the domestic deep tech startup QNu Labs to procure an advanced communications solution based on Quantum Key Distribution (QKD) technology. The MOD’s move is likely driven by concerns over the advancements made by its neighboring rival China in QKD […]
Asia to spearhead global refinery FCCU capacity additions between 2022 and 2026, says GlobalData
Asia is expected to register the highest refinery Fluid Catalytic Cracking Units (FCCU) capacity additions globally between 2022 and 2026, accounting for approximately 48% of the total capacity additions by 2026, says GlobalData, a leading data, and analytics company. GlobalData’s report, ’Refinery Fluid Catalytic Cracking Units (FCCU) Capacity and Capital Expenditure (CapEx) Forecast by Region […]
Japan general insurance market to reach $133.1 billion in 2026, driven by commercial insurance demand, estimates GlobalData
The general insurance market in Japan will grow at a compound annual growth rate (CAGR) of 3.0% from JPY11,155.4 billion ($101.6 billion) in 2021 to JPY12,920.7 billion ($133.1 billion) in 2026, in terms of gross written premiums (GWP), driven by a rise in demand for commercial insurance lines, forecasts GlobalData, a leading data and analytics […]
First Direct tops list of UK banks in net satisfaction of digital experience, finds GlobalData
With digital banking becoming ever prevalent in the UK, banks are scrambling to provide the best digital experience to attract and retain customers. Against this backdrop, First Direct has emerged as the leading UK bank for net satisfaction of digital experience in 2022, reveals GlobalData, a leading data and analytics company. GlobalData’s UK Competitor Benchmarking […]
Ongoing economic, geopolitical crises make Sri Lanka tourism industry revival uphill task, says GlobalData
The travel and tourism sector is an important income generator for Sri Lanka. However, the ongoing economic crisis coupled with Ukraine–Russia war and China’s zero-COVID policy has put the sector in jeopardy. Against this backdrop, the country will face an uphill task in restoring a once thriving sector, says GlobalData, a leading data and analytics […]
Asia to spearhead global refinery hydrotreater capacity additions between 2022 and 2026, says GlobalData
Asia is expected to register the highest refinery hydrotreater capacity additions globally between 2022 and 2026, accounting for approximately 39% of the total capacity additions by 2026, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ’Refinery Hydrotreater Units Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Units, 2022-2026’, […]
Alnylam identifies gene target for potential novel therapy for cardiovascular and metabolic disorders, says GlobalData
Alnylam Pharmaceuticals and its partners have identified rare mutations in the INHBE gene that is expressed in the liver and related to a lower waist-to-hip ratio for body mass index (BMI) reducing the likelihood of many major metabolic disorders. With such high levels of interest preventing metabolic disorders, it is likely that a drug which […]
UK outbound travel to surpass pre-pandemic levels by 2024, finds GlobalData
British holiday flyers are set to be back in full swing, with the country’s outbound travel figures reaching 86.9 million by 2024, surpassing the 84.7 million figure recorded in 2019 despite the economic decline in Europe, estimates GlobalData, a leading data and analytics company. According to GlobalData, budget-friendly travel —especially in the country’s favorite holiday […]
Women’s sport will only gain popularity with Women’s Euros success, says GlobalData
Women’s sport has long been locked behind inaccessibility, with fewer broadcasting companies willing to spend significant money on media rights for women’s events than they are for men’s sport. However, the success of the women’s national team at the Euros may be a significant step in turning this issue of inaccessibility around, says GlobalData, a […]
Ukraine conflict breaking stigma of loitering munitions for Western forces, says GlobalData
The conflict in Ukraine has seen significant use of loitering munitions, with the two sides using them to a great extent against both armored vehicles and personnel. Apart from holding several domestically developed models, Ukraine has also been receiving loitering munitions from the US, including the ‘Phoenix Ghost’ which was designed in part to meet […]
AI to shape future outcomes in cardiovascular care, says GlobalData
The recent deals and collaborations in the medical device space indicate a growing interest in artificial intelligence (AI) applications for the diagnosis and treatment of cardiovascular disease, observes GlobalData, a leading data and analytics company. New York-based digital health company Cleerly had raised $192 million in a Series C financing round for its AI-driven diagnostic […]