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Companies in the financial services sector have been discussing environment, social and governance (ESG) issues, according to GlobalData, which discovered a 36% increase in the mention of ‘ESG’ in global company filings between H1 2020 and H1 2021. The leading data and analytics company also notes that sentiments around ESG have increased in financial services, […]
Chinese incursions will continue to drive Taiwanese defense spending towards US$18bn by 2026, says GlobalData
Following the news that a record number of Chinese military aircraft have entered Taiwan’s air defense zone; William Davies, Associate Aerospace, Defence and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “The increasing number of military incursions by China underscores what Taiwan will see as its justification in maintaining record levels […]
Snacking continues to win the day for PepsiCo, but its supply chain strategy must improve to meet high demand levels, says GlobalData
Following news that PepsiCo announced a rise in earnings in Q3 2021; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Sales from PepsiCo continue to soar, despite ongoing challenges born from COVID-19, as well as its factory disruption this quarter (Q3). The company’s decision to diversify its product […]
BHP merger adds complications for Woodside’s energy transition narrative
The merger of BHP’s petroleum business with Australian oil and gas producer, Woodside. The deal adds significant oil production for Woodside and will ultimately lead to a more carbon intensive product base over the near term, says GlobalData, a leading data and analytics company. Daniel Rogers, Senior Oil and Gas Analyst at GlobalData, comments: “The […]
Digitization expected to propel the US fast food market to 5.1% growth between 2020 and 2025, says GlobalData
US fast food restaurants have fared better than other restaurant types during the pandemic by effectively embracing digital technology such as online ordering for home delivery and the use of cloud kitchens. According to leading data and analytics company GlobalData, the power of digitization in the US fast food market is expected to deliver a […]
Tech unicorns are no longer rare, with 2021 being a record year, says GlobalData
The term ‘unicorn’ brings the visage of a rare mythical creature to mind. However, tech unicorns – privately held tech start-ups valued at $1bn or more – are no longer as rare as this name suggests, says GlobalData. The leading data and analytics company notes that, Q2 2021 saw the rise of 128 new tech […]
Pharma industry needs to outsource manufacturing for COVID-19 vaccine boosters and children’s doses, says GlobalData
The pharmaceutical industry will need to outsource even more pharmaceutical manufacturing to keep up the pace with the expected developments of the COVID-19 vaccines and drugs, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘COVID-19: Contract Pharmaceutical Development and Manufacturing Relationships’, reveals that the coming changes, like the approval of COVID-19 vaccines in […]
China life insurance industry to reach US$665.7bn in 2025, forecasts GlobalData
The life insurance industry in China is projected to grow from CNY3.2 trillion (US$459 bn) in 2020 to CNY4.5 trillion (US$665.7bn) in 2025, in terms of direct written premium (DWP), according to GlobalData, a leading data and analytics company. As per the latest data from GlobalData, China’s life insurance industry is forecasted to grow at […]
GlobalData predicts future IoT unicorns
After years of hype and steady uptake, Internet of Things (IoT) technology is all set to become a part of mainstream adoption. Right from industrial goods, retail, utilities, healthcare, agriculture, logistics to aviation, startups are offering IoT-enabled solutions ranging from connected cars, automated home, medical IoT, wearable technology to smart cities. Against this backdrop, the […]
Derby County’s administration could indicate football league’s troubles as government withdraws support
With clubs paying back deferred tax repayments and increasing wage costs, Derby County has fallen into administration after reportedly several years of financial mismanagement from its owners and breaching of EFL accounting rules. Derby’s annual accounts show operating losses reached £97m over the three financial years from 2015/6 to 2017/18, with the club also being […]
Enterprise spending on communications and collaboration in Singapore to increase at 6.6% CAGR over 2020-2025, forecasts GlobalData
The total addressable market size of communications and collaboration (C&C) infrastructure in Singapore, in terms of enterprise spending opportunity, is set to increase at a compound annual growth rate (CAGR) of 6.6% between 2020 and 2025, supported by growing demand for conferencing services, communication platforms, and enterprise social networking and collaboration tools across enterprises, says […]
Gold production from top ten companies to recover in H2 after poor H1
If the 2021 production guidance are met, the collective production of the top ten global gold producers* is expected to recover by around 13.5% in H2 2021, compared with H1, according to GlobalData. The leading data and analytics company notes that total production is expected to be 14.9 million ounces (moz) in H2, compared to […]
Foxconn EV production plan back in motion with Lordstown Motors’ Ohio plant acquisition, says GlobalData
Following the news that Taiwanese iPhone maker Foxconn acquires Lordstown Motors’ Ohio electric vehicle (EV) factory for $230m; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The acquisition is a milestone for Foxconn’s US EV ambition which came to a standstill with uncertainty looming over […]
VMware commits to greater ESG accountability at VMworld 2021, says GlobalData
Environmental, Social and Governance (ESG) issues will receive larger prominence at next week’s VMworld 2021 when compared to any previous year. This is due to a new dedicated track at VMware’s annual tech conference. However, the challenge for VMware now will be to demonstrate real transformation and progress towards specific and measurable ESG targets, says […]
US medical device jobs continue to return post-pandemic level, says GlobalData
Ever since the COVID-19 pandemic began spreading in the US in March/April 2020, firms across industries cut back on their hiring activities or outright froze hiring. Companies in the medical device space were no different as they were concerned that significant disruptions from the pandemic would impact revenue and hence were looking to control costs […]
‘Climate change’ discussions in the O&G industry on the rise as US firms take action, says GlobalData
Climate policy is a hot topic in the oil & gas (O&G) industry, with the theme ‘Climate Change’ mentioned over 210,000 times in GlobalData’s Filing Analytics database of global O&G company filings in 2020 and 2021 combined – a 41% increase from the 2018-2019 period. The leading data and analytics company says that climate change […]
£100m in commercial agreements at risk if Ashes do not go ahead, says GlobalData
Following today’s news (Monday 4 October) that the Ashes tour may not go ahead this Christmas; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view: “The Ashes cricket tour is a huge revenue generator for both the ECB and Cricket Australia, but, with travel restrictions remaining in […]
Innovative efforts by both academia and industry offer renewed hope for the treatment of a rare pediatric brain tumor, says GlobalData
Diffuse intrinsic pontine glioma (DIPG) is an extremely rare pediatric brain tumor with a dismal prognosis. On average, less than 50% of patients are expected to be alive a year after diagnosis. GlobalData notes that the attrition rate of drugs for gliomas, which include DIPG, is high compared to other cancers, and there is only […]
Boxed warnings and restrictive labelling for Incyte’s atopic dermatitis topical Opzelura sets precedent for pipeline topical JAK inhibitors, says GlobalData
While GlobalData expects the approval of Opzelura (ruxolitinib) to be the first of many JAK inhibitors to enter the US market for the treatment of atopic dermatitis (AD), the leading data and analytics company notes that developers of these drugs need to find ways to overcome the FDA’s restrictive labelling. Ramla Salad, Pharma Analyst at […]
Two, three-wheelers and buses at forefront of India’s electrification agenda, says GlobalData
Vehicle electrification has become a strategic priority for the stakeholders of the automotive market in India. Therefore, everybody is undergoing the essential ‘upskilling’ phase to be future-ready for electric vehicles (EV). To give an impetus to this idea, India plans to prioritize the electrification of the two-wheelers, three-wheelers and buses, says GlobalData, a leading data […]