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Aldi is trialling a home delivery service in partnership with Deliveroo, offering 150 Aldi products in as little as 30 minutes. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “With online food & grocery spend forecast to rocket by 25.5% this year in response to […]
Antidepressant fluvoxamine could treat COVID-19
Researchers from Washington University School of Medicine are now conducting a clinical trial of antidepressant drug fluvoxamine, as a potential treatment for the ‘cytokine storm’ associated with COVID-19. If found effective, this selective serotonin reuptake inhibitor (SSRI) could be rapidly made available to patients as it is already globally marketed and has a known safety record, […]
Peru’s construction industry set to contract by 4% in 2020 amid measures to contain COVID-19
Peru’s construction industry is expected to contract by 4% in 2020, compared to a previous year-on-year growth forecast of 5.5%, and down from 1.5% in 2019 as a result of the stringent measures taken by the Government of Peru to contain the spread of COVID-19, according to GlobalData, a leading data and analytics company. The […]
Financial investment critical for travel operators but a conservative approach must be taken
Travel companies seeking additional aid from investors again and again will not only damage future balance sheets due to increased debt levels but also impact brand credibility. A conservative approach is critical for travel companies that have secured financial investment, as the duration of COVID-19’s impact remains unclear says GlobalData, a leading data and analytics […]
Cancelled sporting events due to COVID-19 boosts esports content and introduces licensing issues
While the cancellation of most major sporting events due to COVID-19 has led to uncomfortable negotiations regarding licensing rights, it has also provided an opportunity for esports, says GlobalData, a leading data and analytics company. Tammy Parker, Senior Analyst at GlobalData, comments: “Content rights holders and pay-TV providers must sort out license fee issues due […]
Global market for edge computing to see significant growth through 2024
Global sales of edge computing infrastructure and services will grow at a compound annual growth rate (CAGR) of 22.7% between 2019 and 2024, with total sales expected to reach US$ 19.3bn in 2024, according to GlobalData’s new Market Opportunity Forecasts for Edge Computing*. Chris Drake, Principal Analyst at GlobalData, comments: “The vertical industries that will […]
COVID-19’s effect will boost infectious disease drug approvals and present opportunities to CMOs
In response to the global pandemic, biopharma companies have put a renewed emphasis on finding treatments for infectious diseases, including COVID-19 and other infectious diseases overall. In early May, there were 312 novel pipeline drugs for COVID-19, of which 11 were in Phase III trials, according to GlobalData’s Drugs database. Adam Bradbury, Associate Analyst at GlobalData […]
NextVR acquisition will help Apple expand its iOS ecosystem beyond the iPhone
Following the news that Apple has acquired VR streaming company NextVR; Rupantar Guha, Senior Analyst for Thematic Research at GlobalData, a leading data and analytics company, offers his view: “Apple’s acquisition of NextVR comes as something of a surprise because the company has often been critical of virtual reality (VR) while endorsing augmented reality (AR). […]
Auto industry faces sharper downturn than financial crisis of 2007/8
Even as automotive manufacturers tentatively restart production lines after the COVID-19 crisis disruptions, the global automotive industry faces a hit to the market that will be greater than in the 2007/8 financial crisis, says GlobalData, a leading data and analytics company. David Leggett, Automotive Editor at GlobalData, comments: “GlobalData’s base COVID-19 light vehicle sales scenario […]
Demand for electricity and natural gas fuel fall in Mexico amid COVID-19 pandemic
COVID-19 hurt electricity demand in most countries around the world and Mexico is no exception. The country’s lockdowns has curbed electricity demand for commercial and industrial segments resulting in a fall in demand for natural gas, says GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst at GlobalData, comments: “Gas-based thermal power accounted […]
Cyber security training essential for remote workers
Following research that shows employees are failing to get adequate guidance from their employers about remaining cyber-secure when working from home; David Bicknell, Principal Analyst in the Thematic Research Team at GlobalData, a leading data and analytics company, offers his view: “Cybersecurity is as much a boardroom issue as COVID-19. A major cyber breach constitutes […]
More than half of all age-related macular degeneration cases go undiagnosed
In the nine major pharmaceutical markets (9MM*), less than half of age-related macular degeneration (AMD) cases were diagnosed in 2019 in adults aged 50 years and older, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Age-Related Macular Degeneration: Epidemiology Forecast to 2028’, revealed that Japan and China experienced the most […]
COVID-19 continues to disrupt clinical trials, with 69.9% of disruptions due to the suspension of enrolment
Clinical trials across the globe continue to be disrupted due to COVID-19. According to GlobalData, a leading data and analytics company, among global clinical trials that have been disrupted since April 2020, 69.9% are due to the suspension of enrolment, 17.3% due to slow enrolment and 12.8% due to delayed initiation. Furthermore, within the 17.3% of trials affected by slow enrolment, […]
COVID-19 will cause Latin America construction output to fall by 5.5% in 2020
With the emergence of the coronavirus and its continued spread across the region, Latin America’s construction output is now expected to contract by 5.5% this year, down from the previously expected decline of 4.1% in April’s update, according to GlobalData, a leading data and analytics company. Before the COVID-19 pandemic, GlobalData had expected construction output […]
AMC acquisition will make little sense for Amazon
Following the recent announcement that Amazon is looking to buy cinema firm AMC; Danyaal Rashid, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view: “The cinema industry is ripe for consolidation, with defensive mergers allowing incumbents to maintain their hold on a shrinking market. Despite this, Amazon’s reported approach to purchase […]
lm holdings likely to play key role in consolidation of travel intermediaries
Following the announcement of lm holdings’ (previously known as Lastminute.com) Q1 financial results; Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view: “Consolidation is likely among larger travel players such as Expedia and Booking Holdings post-pandemic, but lm holdings is a key online retailer across many markets. The […]
Retailers must act quickly to bring stores safely back into action
As non-essential stores re-open they will face numerous challenges including the high costs of implementing safety measures, the need to gain shoppers’ trust, and increased supply chain costs, says GlobalData, a leading data and analytics company. Emily Salter, Retail Analyst at GlobalData, comments: “Retailers’ primary focus must be on safety as this will be at […]
Footfall set to shift towards high streets when non-essential stores reopen
As retailers begin to open UK stores from the beginning of June (at the earliest), they can expect to see a shift in footfall with consumers more willing to visit town centres as opposed to other shopping destinations, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “Local town […]
COVID-19 provides opportunity for robotic firms to shine
Following the news that a robotic dog developed by Boston Dynamics is enforcing social distancing at Bishan-Ang Mo Kio Park in Singapore; Wafaa Hassan, Thematic Analyst atGlobalData, a leading data and analytics company, offers her view: “COVID-19 has created new opportunities for the robotics industry. Companies can demonstrate the capabilities of their products by performing […]
COVID-19 has given Tencent’s gaming revenue a boost
Following today’s news on Tencent’s first quarter 2020 earnings results; Rupantar Guha, Senior Analyst for Thematic Research at GlobalData, a leading data and analytics company, offers his view: “Tencent’s gaming division is thriving despite the COVID-19 crisis, posting impressive revenue growth in Q1 2020. Tencent sits at the top of GlobalData’s gaming software thematic scorecard, […]