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Despite the COVID-19 pandemic, 15 of the top 25 technology companies by revenue reported a year-on-year (YoY) rise in revenue, with 28% seeing double-digit growth Approximately 50% of the top 25 technology companies by revenue recorded double-digit growth in their YoY net profit The top 25 technology companies that reported considerable improvement in profitability over […]
Consolidation in business travel could become a necessity amid a 63% fall of trips in 2020
The COVID-19 pandemic has had a devastating effect on the business travel industry. The international sector was by far the worst affected, facing a 75% drop in total trips. Domestic business tourism also suffered, dropping by 56% (63% decrease overall in 2020). As a result, the global business travel industry has lost billions in client […]
Airbnb needs to permanently address its party issue if it is to remain a leading player in the lodging space
Airbnb has stated that it will extend its global ban on parties in host accommodations until the end of summer 2021. However, the lodging provider needs to permanently address its party issue and the impact it will continue to have on its public image, as well as local communities, says GlobalData, a leading data and […]
Global oncology Phase II clinical trials heavily impacted by COVID-19 disruptions, says GlobalData
Companies and organizations continue to report clinical trial disruptions across the globe due to the COVID-19 pandemic. These disruptions are being caused by a number of factors including delayed initiation, enrollment suspension, and slow enrollment, according to GlobalData, a leading data and analytics company. GlobalData’s recent global survey of key opinion leaders in the pharma […]
Card payments in Canada set to rebound and rise by 6.8% in 2021, says GlobalData
Canada’s card payment market, which has been on the rise for the past few years, registered a decline of 2.8% in 2020 due to COVID-19 with reduced consumer and commercial spending. However, with the gradual recovery in economic activities, card payments are expected to rise by 6.8% to reach C$872.3bn (US$683.9bn) in 2021, according to […]
Card payments in South Korea to grow by 5.3% in 2021, says GlobalData
South Korea’s payment cards market is well developed and has been on a sustained growth for the past few years. High banked population, developed payment infrastructure and high financial awareness, has resulted in high card penetration and usage. Hence, the card payments market is set to rebound and with 5.3% growth in 2021, says GlobalData, […]
Nestlé’s unique sustainable packaging initiatives likely to be attractive to 31% of French consumers but may be more difficult to recycle, says GlobalData
Following Nestlé’s announcement that it will be launching two new sustainable packaging developments to its Vittel range, with testing commencing in France in July; Holly Inglis, Beverages Analyst at GlobalData, a leading data and analytics company, offers her view: “Packaged water is one of the most consumed non-alcoholic drinks categories in France, and is buoyed […]
Twitter Influencers see ‘United Airlines’ decision to buy supersonic planes a leap towards sustainable and faster aviation, finds GlobalData
United Airlines Inc. (United Airlines) has entered into an agreement with Boom Supersonic to buy its first supersonic commercial jet ‘Overture’. United Airlines is the first American airline company to go for commercial supersonic jet, which will be based on sustainable air-fuel and will be operational by 2029. Against this backdrop, the company witnessed more […]
Vaccine and therapeutic COVID-19 clinical trials showcase different trends, says GlobalData
Since COVID-19 was officially declared a pandemic by the World Health Organization (WHO), the peak in total number of clinical trials for the virus was seen in the month of April 2020. However, there has since been a steady decrease in new clinical trial investigations, except for the months of December 2020 and March 2021. […]
Aortic stent grafts market in Australia to grow at 15% CAGR over next five years, says GlobalData
The aortic stent grafts market in Australia witnessed a decline in 2020 as patients suffering from COVID-19 took precedence in treatment over others except in cases of emergency. However, the market is expected to rebound and grow at a compound annual growth rate (CAGR) of 15% over the next five years, according to GlobalData, a […]
Apple’s latest privacy moves another blow to advertisers, says GlobalData
Following news that Apple has made a number of privacy enhancements to Apple products; Lynnette Luna, Principal Analyst at GlobalData, a leading data and analytics company, offers her view: “Ever since 2016, when the company went toe to toe with the FBI over wiretapping, Apple has aggressively positioned itself as the champion of user privacy. […]
APAC luxury retailers to benefit from ‘post-COVID-19 normal’ period, says GlobalData
Several countries in the Asia-Pacific (APAC) region like India and Malaysia are dealing with the second spurt of the COVID-19 pandemic. However, as much as the pandemic proved to be a threat, it also created opportunities for regional luxury retailers and international retailers operating in the APAC to leverage technology and reach customers at a […]
Global ethylene demand growth set for market recovery to pre-pandemic levels, with 2.5% CAGR growth expected over decade, says GlobalData
Ethylene has shown robust and consistent growth over the period 2015 to 2019, according to leading data and analytics company GlobalData, and is expected to increase at a healthy 2.5% compound annual growth rate (CAGR) over the decade. Asia has been the largest contributor, both in terms of demand and supply, and is likely to […]
Cryptocurrencies just became a lot less secure as recovery of bitcoin colonial pipeline ransom sets path towards fiat-currency-style control, says GlobalData
Following the news that the US Government has managed to retrieve most of the Bitcoin that was used to pay off the Colonial Pipeline hackers; Danyaal Rashid, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view: “It is no surprise that the price of bitcoin fell by around 10% after the […]
India coal market sees growth, supported by entry of private players, despite COVID-19 challenges and long-term shift to renewables, says GlobalData
India’s coal production is expected to grow from 777Mt in 2020 to 827.8Mt in 2021, a 6.4% increase. This follows growth of 3.1% in 2020, an impressive feat given the operational disruption caused by COVID-19. A key to this increase in output is the entry of private players to the industry, according to GlobalData, a […]
Uganda has potential to become top five oil producer in Sub-Saharan Africa in the next five years, says GlobalData
With the East African Oil Pipeline project recently getting the go-ahead, Uganda is set to produce its first oil as early as 2025 and production in the next five years is expected to jump to 230,000 barrels per day, from zero in 2021, says GlobalData, a leading data and analytics company. Conor Ward, Oil & […]
China passenger vehicle sales growth decelerates in May 2021 but electric vehicle sales remain strong, says GlobalData
Following the news that China’s passenger vehicle sales grew by only 1.1% year-on-year (Y-o-Y) in May 2021, as per the data from China Passenger Vehicle Association; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Relatively slow growth in passenger vehicle sales in China can be […]
Sustainable business initiatives helped majority of the top 25 retailers by revenue thrive in pandemic-hit year, says GlobalData
Among the top 25 retailers by revenue, close to one-third reported double-digit year-on-year (YoY) growth in revenue Approximately 70% recorded growth in their YoY net earnings Fiscal 2020 was arguably the most difficult year in recent history due to the COVID-19 pandemic, however, with the timely adoption of strategic and operational changes, retailers worldwide were […]
RMAT designations predict future directions of cell and gene therapy in oncology
26% of all cell and gene therapies in late-stage development in the US are being developed for oncology. The FDA has backed the use of CAR-T cell therapies for cancer indications. Novel therapeutic approaches indicate a focus on expanding cell and gene therapy for use in solid tumors. Regenerative medicine advanced therapy (RMAT) designations are […]
Yum China’s commitment to reduce carbon emissions reflects the necessity of a corporate ‘green’ position, says GlobalData
Following the news that Yum China has committed to the global Science Based Targets initiative (SBTi) to reduce its carbon emissions; Fred Diamond, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “In recent years, there has been mounting pressure on businesses, particularly those with consumer-facing brands, to join the good […]