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Following the news that The Ministry of Industry Indonesia plans to extend the validity period of the purchase tax relaxation policy on luxury goods (PPnBM) until 2022; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The temporary waiving off sales tax on motor vehicles (PPnBM) […]
Coca-Cola Energy discontinuing sales in North America highlights gap in the market for hybrid innovations, says GlobalData
Although energy drinks have witnessed steady year-on-year (YOY) growth in the US recently, Coca-Cola has decided to discontinue its Coca-Cola Energy brand after 17 months in the market, in a bid to sharpen its product portfolio – a move that highlights the gap in the market for hybrid innovations, writes GlobalData, leading data and analytics […]
Nestlé’s NPDs are creating opportunities and attracting consumers towards dairy alternatives in Asia, says GlobalData
The Asian dairy drinks alternatives sector* is expected to grow YoY to 9.4bn litres by 2026 as Nestlé, a leading player in the area, strengthens its presence with new product developments (NPD), according to GlobalData, a leading data and analytics company. Sheryl Gajete, Beverages Analyst at GlobalData, comments: “Nestlé’s new product launches – a plant-based […]
High inflation, increasing unemployment threaten retail spending in India, says GlobalData
India recorded a 11-year high wholesale price index (WPI) in April 2021 due to the rise in prices of oil, manufactured goods, minerals, and food products such as eggs and meat. As the country continues to reel under the second wave of the COVID-19 pandemic, the unemployment rate shot up by 8% in April (up […]
Gatorade celebrity endorsements will encourage consumption from younger age demographics, says GlobalData
Following today’s news (27 May) that Gatorade (PepsiCo) has signed 23-year-old DK Metcalf, Seattle Seahawks’ wide receiver, to endorse the brand; Holly Inglis, Beverages Analyst at GlobalData, a leading data and analytics company, offers her view: “The Gatorade-Metcalf endorsement emphasises the brand’s continued efforts to market its products towards younger consumers. Gatorade is shifting its […]
Covea turns to startup to modernize motor product for post-COVID market, says GlobalData
Covea’s partnership with pay-per-mile motor insurer By Miles looks to suit both parties and consumers’ needs in the post-lockdown world. The product will offer pay-per mile motor insurance, which will appeal to consumers who have had budgets stretched by COVID-19 and may still be working from home, at least for some of the week, meaning […]
APAC to lead global footwear market growth through 2024, forecasts GlobalData
The COVID-19 pandemic has affected the global footwear market. However, the Asia-Pacific (APAC) region accounted for 32.9% of the global footwear market in 2019 and is forecast to contribute nearly 40% of sales in 2024, backed by strong growth markets like India, the Philippines and China, says GlobalData, a leading data and analytics company. GlobalData’s […]
Sustainability continues to gain traction as mentions grow multifold among ADS companies in 2020, finds GlobalData
Sustainability is emerging as a key theme for the aerospace, defense and security (ADS) sector, with three times year-on-year (YoY) growth in mentions in 2020 compared to 2019. In 2021*, discussions around sustainability in earnings transcripts are already up by 9% compared to 2020, according to the Filing Analytics platform by GlobalData. Rinaldo Pereira, Senior […]
Neuropathic pain market most valuable segment within the pain indications and is forecast to reach $25.2bn by 2027, says GlobalData
The neuropathic pain market is the most valuable segment within the pain indications and was valued at $10.8bn in 2020 globally. It is forecast to reach $25.2bn by 2027 at a compound annual growth rate (CAGR) of 12.9%. The launch of different late-stage pipeline products throughout the forecast period will contribute heavily to the growth […]
COVID-19 second wave hinders economic recovery of Indian cities, says GlobalData
Economic activities in major Indian cities have been severely affected with the second wave of COVID-19 pandemic, which led to full or partial lockdowns across the country. Against this backdrop, the combined real GDP growth of nine major Indian cities has been revised downward to 9.28% in May 2021 from the earlier projection of 9.61% […]
Global vehicle market recovery on track, says GlobalData
After an unprecedented pandemic-induced reversal in 2020, the global vehicle market is firmly in recovery phase in 2021, according to the latest analysis by GlobalData, a leading data and analytics company. Calum MacRae, Automotive Analyst at GlobalData, comments: “April’s light vehicle sales have now been reported for all global markets. They show an 83.4% year-on-year […]
Amazon gears up for the content war as MGM acquisition strengthens Prime Video portfolio, says GlobalData
Following today’s news (26 May) that Amazon has officially announced the acquisition of MGM for $8.45bn; Danyaal Rashid, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view: “While Amazon boasts many top-tier titles, leading originals such as Bosch and The Man in the High Castle, and has secured exclusive content such […]
APAC firms report more sustainability mentions than North America, Europe counterparts in 2020, finds GlobalData
The COVID-19 pandemic accelerated the discussions around sustainability in 2020, with Asia-Pacific (APAC) companies leading the way. The mentions of sustainability in all the filings of APAC companies grew by over 80% in 2020 over 2019, finds GlobalData, a leading data and analytics company. Rinaldo Pereira, Senior Business Fundamentals Analyst at GlobalData, comments: “While sustainability […]
Indonesia bullish on EV plans with new US$1.2bn battery plant, says GlobalData
Following the news that State-owned Indonesia Battery Corporation (IBC) and South Korea’s LG will build a new US$1.2bn battery plant in Indonesia; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “With one-fourth of the global nickel ore reserves, a key battery material, Indonesia holds significant […]
Hong Kong’s card payment market to grow by 4.4% in 2021, forecasts GlobalData
Hong Kong card payments market, which registered subdued growth in 2020 due to the COVID-19 pandemic, is expected to rebound with the gradual economic recovery, rise in consumer spending and the launch of COVID-19 vaccination program and grow at 4.4% to reach HK$1,112.5bn (US$143.5bn) in 2021, forecasts GlobalData, a leading data and analytics company. According […]
Potential for novel narcolepsy treatment if it can overcome safety concerns, says GlobalData
NLS Pharmaceutics has recently announced new data confirming that its narcolepsy product, a controlled release (CR) formulation of mazindol, has agonist activity at orexin-2 receptors (OX2R). While mazindol is a monoamine reuptake inhibitor like the many other stimulants used to treat narcolepsy, the additional OX2R agonist activity could give it a competitive edge in the […]
The Restaurant Group is well positioned to cash in on consumer visits driven by quality and convenience, says GlobalData
Following today’s news (May 25th) that The Restaurant Group’s sales have nearly reached pre-COVID levels since outdoor dining resumed in the UK; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “Despite seeing a hefty 32.1% decline from £32.2bn in 2019 to a forecast-value of £21.8bn in 2020, the […]
Australia readies space division to support broad domain capabilities, says GlobalData
Following separate announcements by Australia’s Department of Defence (DoD) on the creation of a Space Division and testing Augmented Reality training for the Navy and an announcement from Navantia on the second of two Auxiliary Oiler Replenishment (AOR) ship NUSHIP Stalwart departing for Australia from Navantia’s Ferrol shipyard in Spain; Mathew George, Ph.D, Analyst, Aerospace, […]
ANVS401’s trial hints at promising new approach for early Parkinson’s treatment, says GlobalData
Annovis Bio recently announced positive results from a Phase IIa trial of its pipeline asset ANVS401 (posiphen) in patients with early Parkinson’s disease (PD). The data presented further strengthens the previous interim trial findings, where ANVS401 showed an improvement in the overall motor skill functions of PD patients with no serious adverse events, says GlobalData, […]
South Korea’s soups market to reach US$121.7m in 2025, says GlobalData
The South Korean soups market is projected to grow at a compound annual growth rate (CAGR) of 5.7% from KRW108.2bn (US$92.5m) in 2020 to KRW142.7bn (US$121.7m) in 2025, benefiting from busy lifestyles of consumers, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘South Korea Soups Market Assessment and Forecasts to 2025’, reveals that […]