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Following the news that global battery giant Sonnen GmbH has launched electric vehicle subscription service SonnenDrive in partnership with shared mobility brand Carbar in Australia; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “A vehicle subscription model that encompasses everything right from registration, maintenance, insurance, […]
UK COVID-19 vaccine approvals would have taken longer if UK remained in EU, say European healthcare professionals in a GlobalData survey
More than 50% of surveyed healthcare industry professionals from Europe believe that Brexit allowed the UK to accelerate its COVID-19 vaccines approval process 31% of respondents from the UK highlighted that the UK’s departure from the bloc did not influence the fast-tracked authorization of COVID-19 vaccines While the Pfizer/BioNTech vaccine approval was commenced in accordance with […]
Colonial Pipeline attack will concentrate government and operators’ minds on the ransomware threat, says GlobalData
Following the disclosure of a cyberattack on the Colonial Pipeline; David Bicknell, principal analyst, Thematic Research at GlobalData, a leading data and analytics company, offers his view: “The economic impact wrought by this cyberattack will bring home to government and energy operators the vulnerabilities in critical infrastructure. This is not the first ransomware cyberattack on […]
Summer BBQ to help stimulate Tyson Foods’ return to stable growth, says GlobalData
Following today’s news (10 May) that Tyson Foods has released its Q2 2021 financials; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “Tyson Foods’ strong bounce back after a trying year in 2020 is largely due to consumers’ continued reliance on home cooking, which has seen them cooped […]
Venture capital investors shift focus to low value deals in Asia-Pacific during Q1 2021, finds GlobalData
Despite the COVID-19 pandemic, the Asia-Pacific (APAC) region sees notable venture capital (VC) investment activity. However, the pandemic has forced VC investors to shift their focus to low value deals during the first quarter (Q1) of 2021, finds GlobalData, a leading data and analytics company An analysis of GlobalData’s Financial Deals Database reveals that out […]
Overflowing opportunities for e-commerce retailers with 87% APAC consumers spending more time online, says GlobalData
The COVID-19 pandemic has made online shopping appealing and safe, as wary consumers in the Asia-Pacific (APAC) prefer to stay at home to avoid social contact. Against this backdrop, online channel (e-commerce retail) is benefitting and is overcrowded with prospects as 87%* respondents are spending more time online, according to GlobalData, a leading data and […]
Chevron should remain cautious in capital spending as it returns to profitability in Q1 2021, says GlobalData
Chevron posted a profit of US$1.4bn in Q1 2021, which is still down from pre-pandemic levels a year ago of US$3.6bn, despite the recovery in energy prices. The difference is mainly driven by benefits of asset sale last year, along with weaker refining margins and production losses in this quarter due to a severe winter […]
AB InBev results show North American boom in premium off-trade during COVID-19, says GlobalData
AB InBev announced double-digit growth in its off-trade business in Q1 of 2021. This reveals the continued viability for premiumization in developed markets, says GlobalData, a leading data and analytics company. Ryan Whittaker, Consumer Analyst at GlobalData, comments: “AB InBev’s results suggest that North America is still buying premium beers, and this is buoying regional […]
General insurance industry in India to reach US$36.4bn in 2024, says GlobalData
The general insurance industry in India is projected to grow from INR1.9 trillion (US$27.7bn) in 2019 to INR2.9 trillion (US$36.4 bn) in 2024, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics company. GlobalData has revised India’s insurance forecast in the aftermath of the COVID-19 outbreak. As per the […]
Most Prominent CMO, Thermo Fisher, to acquire third most prominent CRO, PPD, for $17bn, says GlobalData
Thermo Fisher Scientific, a diversified life science company, has announced its intent to purchase PPD, a Clinical Research Organization (CRO), for $17B. PPD is a publicly traded CRO and is the third largest CRO in terms of ongoing trials. PPD will be part of Thermo Fisher’s Laboratory Products and Services Segment, says GlobalData, a leading […]
Bangladesh garment industry safety needs to continue as priority, says GlobalData
The eighth anniversary of the Rana Plaza building collapse in Bangladesh, which killed more than 1,130 garment workers in 2013, is a time to reflect on the garment industry’s progress since then. It is also a time to reflect on the concerns and risks involved if the workers’ safety does not continue to be a […]
Rashford-Kerridge team-up leverages simple British dishes to support 57% of parents on a budget, says GlobalData
British football star Marcus Rashford’s team up with Michelin-star chef Tom Kerridge will support more than half (57%) of the UK’s parents who are currently budgeting their household spending*, according to GlobalData, a leading data and analytics company. The latest survey by GlobalData reveals that 60% of UK parents agree that they are following a […]
Eat Just’s cell-based chicken delivery is a sustainability milestone, says GlobalData
Eat Just’s move to launch the world’s first-ever home delivery of its cell-based chicken will be remembered as a key environmental milestone, according to GlobalData. The leading data and analytics company reveals that 54%* of Singaporeans find cultured meat somewhat or very appealing, making it the ideal market to launch these products. Ryan Whittaker, Consumer […]
Roche’s antibody cocktail for COVID-19 may face affordability issues in India, says GlobalData
Following the news that Roche has received emergency use authorization (EUA) for a COVID-19 antibody cocktail casirivimab and imdevimab; Prashant Khadayate, Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “Roche’s antibody cocktail casirivimab and imdevimab are among the only two drugs to be exclusively developed and approved for COVID-19 treatment. […]
New Champions League format could represent an extra €1.68bn in broadcasting revenues, says GlobalData
UEFA’s new Champions League format, set to come into effect from the 2024-2025 season, will likely represent a significant increase in broadcasting revenues for UEFA as a result of the expanded fixture list. According to GlobalData, the current 32-team Champions League format generates approximately €2.1bn ($2.5bn) from broadcasting partners. This works out at an average […]
Banks back on track as market value growth picks up pace in Q1 2021, says GlobalData
The top 25 global banks* picked up from where they left off in Q4 2020 (ended 31 December 2020) and reported 15.6% growth in their aggregate market values in Q1 2021 (ended 31 March 2021), says GlobalData, a leading data analytics and research company. The aggregate market cap of the banks increased to $3.8 trillion […]
Greek defense expenditure to reach $8.8bn by 2026 amid rising tensions with Turkey, says GlobalData
Greece has placed defense spending at the forefront of its national agenda with the announcement of a ‘Modernization Plan’ for the Hellenic Armed Forces, under which the government will invest US$14bn into strengthening and upgrading the country’s military capabilities over the next five years. This is a significant move for the country and the prioritization […]
Cheniere Energy’s Q1 earnings show promising growth in LNG sector, says GlobalData
Cheniere Energy is off to a strong start in 2021 as the company had Q1 earnings of US$1.54 per share and generated revenue of US$3.09bn. After four tough quarters, strong LNG demand has provided a boost for Cheniere and the company has managed to exceed expectations, says GlobalData, a leading data and analytics company. Steven […]
Merck & Co and BMS set to retain their positions as current and future key players in head and neck cancer, says GlobalData
Merck & Co. and Bristol-Myers Squibb (BMS) have transformed the treatment paradigm in advanced and metastatic head and neck squamous cell carcinoma (HNSCC) settings by improving real-world patient outcomes in the first and second-line metastatic setting. These two companies are expected to retain their position as market leaders in HNSCC, primarily based on proven product […]
Brands must focus on replicating meat-eating experience without the need for animal products to support sustainability, says GlobalData
42% of global shoppers say that they are unlikely to choose plant-based (vegan) alternatives to conventional red meat while 32% prefer the alternatives 27% of global consumers admit that one key reason for consuming plant-based alternatives to meat or dairy products is sustainability. Animal welfare is also on the list, at 33% To avoid alienating […]