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The efforts to tackle the fashion industry’s problem of textile waste are continuing to gather pace, with players spanning the entire supply chain taking action, writes GlobalData, a leading data and analytics company. Beth Wright, Apparel Correspondent for GlobalData, comments: “Textile waste has long plagued the industry and its players are mobilising at all ends […]
Adopting AI is crucial to combat the squeezed margins and potential volume decline of the automotive industry, according to GlobalData
Artificial intelligence (AI) will be a crucial tool in combating the squeezed margins and potential decline of volume in the automotive industry, according to GlobalData, a leading data and analytics company. Effective adoption of AI is the key to understanding and making use of the sheer amount of data that today’s increasingly connected cars and […]
New daily COVID-19 cases could reach 1.4 million by end of May in India, according to GlobalData
India could reach approximately 1.4 million new daily COVID-19 cases by May 24, if current transmission risk is not reduced further, according to a two-week forecast by GlobalData, a leading data and analytics company. Katie Wrenn, Epidemiologist at GlobalData, comments: “Although transmission appears to be slowing in India, a rise in new cases can be […]
Diagnosed incident cases of endometrial cancer in the 8MM projected to increase by 10.6% by 2030, says GlobalData
Diagnosed incident cases of endometrial cancer are expected to increase from 120,883 cases in 2020 to 133,690 in 2030 in the eight major markets (8MM*), at an annual growth rate (AGR) of 1.06%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Endometrial Cancer: Epidemiology Forecast to 2030’, notes that the major […]
Slovenia could be the next trending destination in Europe
While still a relatively unknown quantity on the international stage, Slovenia holds key attributes needed to become the next trending European destination in post-pandemic travel, says GlobalData, a leading data and analytics company. According to GlobalData, international arrivals to Slovenia in 2019 reached 4.7 million. This total meant that the small Central European country was […]
Chinese banking giants fared better than US and European counterparts during COVID-19, says GlobalData
In 2020, the total assets of the top 25 banks globally by revenue saw an average year-on-year (y-o-y) growth rate of 11.1%. However, this healthy growth only translated into subdued average growth rates of -3.3% and 5% in revenue and net profit, respectively. Chinese banks appear to be doing much better than their US and […]
Gas production boom in Sub-Saharan Africa weighs on volatile grounds, says GlobalData
Due to their vastly under-utilised gas resources, the countries of Sub-Sharan Africa represent huge opportunity for gas developments. New entrant countries show great gas supply potential for the region but weigh heavily on mega projects getting the green light and suppression of ongoing civil unrest and domestic instability that is hampering progress in the sector, […]
Brexit to have more negative impact on UK’s healthcare sector than COVID-19 pandemic, say European healthcare professionals in a GlobalData survey
While the UK-EU Trade and Cooperation Agreement (TCA) removed the prospect of a no-deal Brexit, it introduced a wide range of changes to the UK’s healthcare industry, ranging from border checks to additional regulations for businesses based in the UK and EU. These border restrictions may drastically and permanently reshape the way that businesses trade […]
China will continue to account for about 50% of oxygenators market in Asia-Pacific through 2025, says GlobalData
China, which accounted for about 50% of the oxygenators market in the Asia-Pacific (APAC) region in 2020, is expected to retain this share through 2025, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Perfusion Disposables (Cardiovascular Devices) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)’ reveals that Terumo Corp […]
COVID-19 second wave pulls down APAC deal activity by 21.4% during April 2021, finds GlobalData
Just as the deal activity across the Asia-Pacific (APAC) region was beginning to show signs of resilience during the first quarter (Q1) of 2021 following last year’s volatile headwinds, the second wave of COVID-19 undid the gains. The region witnessed a sharp 21.4% decline in deal activity in April, reveals GlobalData, a leading data and […]
Thermal power to dominate Indonesia energy mix over next decade, reveals GlobalData
Major global economies are moving away from coal to curb carbon emissions. This has landed Indonesia in a tight spot as thermal power capacity is expected to maintain its dominance in the country during 2021-2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Indonesia Power Market Outlook to 2030, Update 2021 […]
Life insurance industry in Japan to remain below pre-COVID-19 levels until 2024, forecasts GlobalData
The life insurance industry in Japan is forecasted to recover from 2021 onwards and increase at a compound annual growth rate (CAGR) of 1.8% during 2020-2024. However, it will still be lower than 2019 figures, according to GlobalData, a leading data and analytics company. GlobalData has revised Japan’s life insurance forecast in the aftermath of […]
Hiring surges at Delta Air Lines with focus on seasonal ready reserves, finds GlobalData
Delta Air Lines’ hiring accelerated from 101 job postings in January 2021 to 330 in April 2021. The company’s seasonal ready reserve job postings accounted for around 25% of total job postings in March and April 2021 as the airline prepares to ramp up operations, finds GlobalData, a leading data and analytics company. Ajay Thalluri, […]
Healthcare dominates GlobalData’s list of global top 50 AI startups
Healthcare startups lead the pack of the top 50 Artificial Intelligence (AI) startups across various sectors in the recently published ‘Startup Scorecard’ on Disruptor Intelligence Center by GlobalData, a leading Data and Analytics Company. GlobalData’s Startup Scorecard methodology comprises three broad pillars: Investment, Innovation and Market Presence using 13 KPIs from a pool of more […]
Digital twins to become mainstay for oil and gas operations as companies look to optimize costs, says GlobalData
The oil and gas industry, which is traditionally a laggard in the adoption of connected technologies, is increasingly deploying digital twins to improve decision-making. The prevailing industry downturn from COVID-19 has heightened the need to reduce costs and make operations more sustainable with technology, says GlobalData, a leading data and analytics company. Worldwide lockdowns have […]
Mexico’s outbound tourism fell 73% in 2020
The COVID-19 pandemic has had a devastating effect on Mexican outbound travel, with the number of trips falling by 73%. This figure is the second-highest fall in the Americas, after Peru (76%). Despite commercial flights operating throughout the year at a limited capacity, many countries were reluctant to open their borders amid Mexico’s high COVID-19 […]
Nigeria’s construction industry to recover and grow by 3.9% in 2021
Nigeria’s construction industry declined by 7.7% in real terms in 2020, hit by both the containment measures and disruption caused by the COVID-19 pandemic. The steep decline in oil and gas prices, which accounted for around 65% of the government’s revenues, worsened the situation by further curtailing expenditure power on infrastructure. However, the industry is […]
UK domestic tourism set for bumper summer
With travellers hesitant towards international travel, demand for domestic holidays in the UK looks set to be unleashed. The roadmap for lockdown easing is progressing at speed and UK-based domestic operators are set to benefit, says GlobalData, a leading data and analytics company. Gus Gardner, Associate Travel and Tourism Analyst at GlobalData, comments: “After months […]
Bristol-Myers Squibb is the ideal collaborator to move Agenus’ preclinical AGEN1777 swiftly into the clinic, says GlobalData
Following today’s news (18 May) that Bristol-Myers Squibb (BMS) has exclusively licensed Agenus’ bispecific anti-TIGIT antibody, AGEN1777, for up to $1.36bn; Sakis Paliouras, PhD, Senior Oncology & Hematology Analyst at GlobalData, a leading data, and analytics company, offers his view: “BMS is betting big on the potential of bispecific technology to increase its already high […]
High-performance computing is becoming increasingly accessible to businesses
High-performance computing (HPC) is increasingly running on the cloud or at the edge, which is reducing its dependency on local data center infrastructure and placing it within reach of businesses that cannot afford the upfront investment that building a local data center requires, says GlobalData, a leading data and analytics company. GloablData’s report, ‘High-Performance Computing […]