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Following today’s release of Aldi figures for Christmas Trading FY2020; Thomas Brereton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “The first major grocer to release results, Aldi has set out a high bar for the festive period, with growth of 10.6% over the period. Aldi points to its online Wine and Specialbuy offers (up 75% year-on-year), demand for premium products […]
Increased privacy and flexibility to characterize lodging industry in 2021
Increased privacy and flexibility are two of the stand-out trends that leading data and analytics company GlobalData notes will shape the lodging industry in 2021, alongside longer stays, improved hygiene procedures and more no-touch technology. As 2020 draws to a close, Travel & Tourism Analyst Ralph Hollister offers his view on these trends. Hollister notes: “Hotels that cannot provide more secluded spots or offer increased booking flexibility could be at risk of losing out […]
‘Too Good to Go’ app grants new opportunity for retailers to align with 44% of Europeans over food waste
Spar, International and BrewDog have entered deals with the firm behind the successful ‘Too Good to Go’ app, which gives users access to local discounted food that would otherwise go to waste. Association with apps like this can only benefit a brand, and, by providing a shared platform that ties together ethical, environmental and local concerns, both businesses and consumers can benefit, writes GlobalData, a leading data and analytics […]
‘Supply’ and ‘shortage’ discussions up 180% in Sony and Microsoft’s filings
Microsoft and Sony have certainly taken note of the console shortage issue for the PlayStation 5 (PS5) and Xbox Series X, with mentions of ‘supply’ and ‘shortage’ grown by over 180% in both console manufacturers’ 2020* filings, which GlobalData, a leading data and analytics company, notes is a staggering change. Rinaldo Pereira, Senior Business Fundamentals Analyst at GlobalData, says: “Mentions of ‘supply’ and ‘shortage’ grew from 72 in 2019 to 203 in 2020. The sudden rise in discussions show […]
Aircraft carriers to account for 20% of French naval vessel spend over the next ten years to remain formidable naval power
While France’s decision to replace its existing nuclear-powered aircraft carrier, Charles de Gaulle, with a next-generation carrier will mitigate the obsolesce of its fleet, this will also mean that the project will account for about 20% of the country’s naval vessels procurement spend in the next ten years, according to GlobalData, a leading data and analytics company. Sourabh Banik, Defense Analyst at GlobalData, commented: “France has joined an exclusive club of countries investing in modern aircraft carriers this decade. Other members include the US, China, India, South Korea and likely […]
Sports drinks brands should partner with fitness apps like Strava to help offset COVID-19 losses
Strava, a digital fitness and exercise platform, has approximately two million app registrations per month as of 16 December, reflecting a remarkable consumer shift to self-managed digital fitness, and a promising opportunity for the suffering sports drinks market, writes GlobalData, a leading data and analytics company. Ryan Whittaker, Consumer Analyst at GlobalData, comments: “COVID-19 and lockdowns have closed many of the UK’s gyms […]
Era of software-defined everything is apparent as value within data centers shifts from hardware to software
* Traditional data center architecture has failed to keep up with the data revolution. * Underlying hardware is becoming less relevant, as the focus shifts to a virtualized software layer. This software allows for centralized control and reduces human intervention. As data pervades all aspects of our lives, we are moving into an era that can only be described as software-defined everything (SDE), where the value within data networks shifts decisively from hardware to software. Traditional data center architecture has failed to keep up with the data revolution, and SDE will overcome the problems, according to GlobalData, a leading data and analytics company. Swati Verma, Associate Project […]
Lab lobster is Shiok Meats’ hope for capitalizing on $92.6bn Asian fish and seafood sector
Shiok Meats is banking on its new cell-based cultured lobster and shrimp meat to help commercialize cultured crustacean by 2022. Leading data and analytics company GlobalData notes that cultured lobster should appeal to Asian shellfish consumers and break into the profits of the Asian fish and seafood sector, which is expected to value $92.6bn in 2020. Ryan Whittaker, Consumer Analyst at GlobalData, comments: “Luxury seafood such as lobster and shrimp can damage the environment as much as lamb and beef, so more options like this need […]
Nike and adidas duopoly accounts for $337m in brand spend for La Liga 2020/21 kit supply market
Global sportswear giants Nike and adidas currently maintain a massive 45% of the kit supply market in Spain’s domestic soccer competition La Liga, with nine active deals in the 2020/21 season, demonstrating the dominance these two brands have over the Spanish soccer market. The total value of this market is estimated to be worth $357.7m, according to the GlobalData, a leading data and analytics company. Patrick Kinch, a GlobalData Sport Analyst, comments: “The current annual spend between Nike and adidas accounts for close to […]
Trading with EU under no-deal Brexit will be pricey for UK fashion firms
As the UK tries to hash out the final terms of its departure from the EU, the thought of Prime Minister Boris Johnson walking away without a deal is a worrying one. UK textile and fashion firms should now be weighing up other markets to potentially trade with, says GlobalData, a leading data and analytics company. Hannah Abdulla, Apparel Correspondent at GlobalData, says: “Brexit talks have reached a […]
Difficulties brought by US sanctions on Russia highlight weakness in Pakistan’s defense industry
Russia’s involvement in the joint Pakistani-Chinese JF-17 Multirole Aircraft program will prove an issue for Pakistan in its campaign to keep the platform flying, says GlobalData, a leading data and analytics company. However, according to GlobalData’s ‘The Global Military Aerospace MRO Market Forecast 2020-2030’ report, the reason for Pakistan’s concerns is not budgetary neglect. The country’s expected spend on maintenance, repair, and overhaul (MRO) for […]
India’s packaging market to reach 422.3 billion units at 6.5% CAGR in 2024
Changing lifestyle of consumers along with rising demand for products that offer an ease of convenience are the key attributes prompting the demand for portable packaging solutions. The packaging sector in India is expected to increase from 307.8 billion units in 2019 to 422.3 billion units in 2024, at a compound annual growth rate (CAGR) of 6.5% during 2019-2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘India Packaging Industry – Trends and Opportunities’, reveals that the sector is majorly driven […]
Adidas looks to gain market leadership during COVID-19 while Nike takes a conservative approach
Sports and fitness brands such as Adidas and Nike initially responded to COVID-19 by reducing hiring across geographies. These firms acted quickly to the situation, reducing hiring activity by 40% and 47%, respectively, in March. However, leading data and analytics company GlobalData notes that Adidas saw opportunity in ecommerce and started hiring again from May. Ajay Thalluri, Business Fundamentals Analyst at GlobalData, says: “While Adidas’s jobs grew 160% in May, Nike’s postings reduced by 10%. It was only in September […]
Biodiversity protection key to fashion’s green future
Fashion firms must turn the spotlight on biodiversity conservation as part of their corporate social responsibility (CSR) strategies and work to improve the impacts their raw material choices have on nature if they are to truly build back better from the COVID-19 pandemic, writes GlobalData, a leading data and analytics company. Beth Wright, Apparel Correspondent for GlobalData, says: “An increasing number […]
Danone’s hiring on continuous decline as it adapts to increasing at-home consumption
Danone’s job postings jumped in Q2 during COVID-19 lockdowns, rising from 536 in January to reach a high of 1,141 in May. However, this was followed by a reorganization in Q3, which led to reduced positions, finds GlobalData, a leading data and analytics company. Ajay Thalluri, Business Fundamental Analyst at GlobalData, says: “Danone adapted to the COVID-19 market environment as job postings resonated with […]
Clothing & accessories worth an estimated $360.90m annually in La Liga sponsorship
The latest deep dive into the commercial landscape of La Liga finds that the clothing & accessories sector, which is worth an estimated $360.90m for the 2020/21 season, stands as the most lucrative source of sponsorship revenue for La Liga clubs, while the financial services industry is the most active with 58 deals, according to GlobalData, a leading data and analytics company. Patrick Kinch, Sport Analyst at GlobalData, comments: “This is largely due to kit supplier contracts being among […]
Companies need to begin digital transformation now to survive in the new world
Amid the slow recovery of COVID-19, it may be tempting for companies to stick with what is comfortable and delay ambitious digital transformation projects until more stable times. However, leading data and analytics company GlobalData notes that this would be a mistake. History shows that companies that tech-enable their businesses during a recession tend to […]
Elevation strategy drives profit growth for Frasers Group
Following today’s release of Frasers Group H1 figures for 2020/21, Alex Hardy, Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Significant investment in its digital business has helped to mitigate the effects of the COVID-19 pandemic for the Frasers Group, with total revenue declining 7.4% to £1,893m in H1 FY2020/21 despite stores being closed for over a quarter of the period. Recent acquisitions including […]
‘Who Gives A Crap’ set to capitalise on $62.6bn global household paper products market
‘Who Gives A Crap‘, the premium online-only toilet paper brand that spends 50% of its profits on providing toilets to those in need, is launching a limited-edition gift package in time for Christmas. The 48-roll A–to-Z edition will allow people to play Scrabble with the rolls in their bathroom, and taps into this year’s toilet paper boom, which saw the global household paper products value leap by 17.1%, from US$62.5bn in 2019, to US$73.2bn in 2020 driven by COVID-19 stimulus; toilet paper, notably, accounts for a 66% segment value […]
Military training prioritizes safety as simulation systems market grows 55% by 2030, says GlobalData
Most militaries across the globe are transitioning their training to simulators to address personal safety challenges. In fact, the global military simulator systems market is anticipated to grow by 55% in 2030, as compared to the current year’s market value. The modernization of armed forces and the induction of increasingly sophisticated advanced platforms will drive the need for simulation even further in the near future, according to GlobalData, a leading data […]