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Following recent announcements made by several airlines, speculation has grown that some of the world’s largest airlines will shrink: Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Announcements made over the last week or so point in one direction: airlines […]
Retailers reliant on Love Island will struggle to replicate the boost it brings
The Love Island 2020 summer series has been postponed to 2021. Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news; “Many retailers targeting 16-24s will have been banking on their Love Island partnerships drawing in new customers this summer and will be left wondering how they […]
COVID-19 pandemic may restrict patients’ access to medical marijuana
The COVID-19 pandemic is set to impact the pharmaceutical industry in a profound way, according to GlobalData, a leading data and analytics company. From postponed and suspended clinical trials to stockpiling of painkillers causing disruption to supply chains, the medical marijuana industry is also expected to be affected by the ongoing crisis. GlobalData’s report: ‘Medical […]
Utah leads US in reopening dental clinics, could make or break the dental device industry for 2020
While dental device manufacturers focus on navigating the drastic reduction in sales due to COVID-19, dentists in areas of the US have reopened their clinics in eager response to a flattening curve. In Utah, dental opened clinics on April 23, 2020. Sarah Janer, Medical Device Analyst at GlobalData, comments: “Despite the tenuous infection rate forecasts, […]
Sweden forgoes lockdown protecting 2020 retail spend
Sweden’s retail market is set to be one of the better performing in Europe in 2020, only marginally declining 0.4%, as it is yet to impose a lockdown (and does not plan to) in contrast to many other European countries including Spain, Italy, France and the UK, says GlobalData, a leading data and analytics company. […]
Phase 2 Kevzara trial provides important insight into the management of COVID-19
Regeneron and Sanofi recently announced the preliminary results from the Phase II portion of an ongoing Phase II/III trial evaluating Kevzara (sarilumab), an antibody targeting the interleukin-6 (IL-6) receptor, in hospitalized patients with severe or critical respiratory illness caused by COVID-19. Angad Lotay MPharm, Infectious Diseases Analyst at GlobalData, comments: “Targeting the correct patient population […]
Virgin Atlantic’s plea for survival should act as stark warning for competitors
Richard Branson’s recent plea for help highlights the current state of the airline industry, says GlobalData, a leading data and analytics company. Rheanna Norris, Associate Analyst at GlobalData, comments: “There is a possibility that the Virgin brand could disappear from the global aviation industry altogether. Virgin Australia is in voluntary administration, the rebranding of UK […]
Supply chain and logistics constraints will hamper US auto sector recovery
Following the news that a number of vehicle manufacturers in the US are putting back schedules for manufacturing plant restarts; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “The US vehicle market is showing signs of life, though sales vary widely from state to state due to differences […]
South Africans see impacts of COVID-19 worsening
Consumer uncertainty is one of the greatest barriers facing the travel industry, and despite cases of COVID-19 stabilizing across South Africa, 70% of South African respondents in a recent survey by GlobalData, a leading data and analytics company, say they are still extremely concerned about the impact of COVID-19 – in comparison to the 1% […]
UK online grocery market to gain an extra £1.9bn in 2020 due to impact of COVID-19
The UK online food & grocery retail market is now forecast to grow 25.5% in 2020, as major supermarkets such as Tesco, Sainsbury’s and Waitrose expand fulfilment capacity to meet the raised demand from housebound consumers, says GlobalData, a leading data and analytics company. Following the latest publication of GlobalData UK retail market forecasts, Thomas […]
Reduced electricity demand and price drop hinders PPA negotiations in short term
In the wake of the pandemic, offices and manufacturing plants are temporarily closed resulting in a decline in power consumption and a drop in electricity prices. This is expected to impact existing power purchase agreements (PPA) as suppliers may have to either face a liquidity crunch to honor their PPA commitments or delay payments, which […]
Digital transformation in healthcare services is accelerated by COVID-19
The fast-paced adoption of digital technologies is emerging as a key element of remodeling healthcare delivery and scaling up systems. While the risk-averse culture, legacy systems, regulation and compliance challenges are hindering the uptake of emerging technologies in healthcare services, COVID-19 may be the trigger that will accelerate digitalization in the sector, says GlobalData, a […]
Real-world evidence can help countries deal with the COVID-19 outbreak
Organizations are relying on real-world evidence (RWE) to help tcontain the spread of COVID-19. Real-world data can provide valuable insights to help organizations better understand, monitor and prepare for the any challenges that the outbreak presents, says GlobalData, a leading data and analytics company. In a GlobalData poll of 935 respondents, conducted from April 6–20, more […]
UK start-up companies’ AI to accelerate search for COVID-19 treatment
Start-up companies in the UK are turning to artificial intelligence (AI) for analysis of existing drugs and new molecules. The use of AI in this way has the potential to rapidly accelerate the research and development (R&D) timeline, allowing faster COVID-19 drug development. The COVID-19 pandemic may be a tipping point in companies adopting AI-facilitated […]
Increased demand for cardiovascular drugs to exacerbate the disruption caused by COVID-19
As COVID-19 spreads through the global population, the rate of hospital admissions increases daily and threatens to overwhelm health systems. Certain patient populations have been deemed high risk, including those with pre-existing cardiovascular (CV) issues, but cardiac injury is also being increasingly seen in those with no history of CV problems. The use of CV […]
Siemens Gamesa finds optimism in Polish wind market amid COVID-19
In Poland, Siemens Gamesa Renewable Energy (SGRE) was awarded three projects totaling 184MW. As part of the contracts, the company is expected to supply 63 wind turbines to several customers comprising of independent power producers (IPPs) and national and international utility companies. Somik Das, Power Analyst at GlobalData, comments:“SGRE signing contracts during the pandemic to […]
Corporate responsibility more important now than ever
Public and private collaboration between businesses and consumers at this time is vital to mitigate the negative effects of this pandemic, says GlobalData, a leading data and analytics company. The company’s latest report, ‘COVID-19 Case Study: Supporting Society,notes thatthe COVID-19 outbreak has been changing consumers lives, and brands’ activities to support society have become hugely important. […]
US wireless networks offer plans to lure key workers from rivals during COVID-19 pandemic
Wireless operators in the US are attempting to poach rivals’ customers via highly targeted offers that resonate particularly well amid the current COVID-19 pandemic, says GlobalData, a leading data and analytics company. Tammy Parker, Senior Analyst at GlobalData, comments: “With typical shopping behaviors – and likewise typical network switching behaviors – being disrupted due to […]
Pre-emptive planning and manufacturing support initiatives could help avoid potential shortages in cancer drugs amid COVID-19 pandemic
Concerns have arisen that treatments for cancer patients could be affected by shortages in cancer drug supply and distribution as valuable medical resources are being diverted for the management of the COVID-19 pandemic. The outbreak has overtaxed healthcare systems worldwide as countries are struggling to contain the spread of the infection, says GlobalData, a leading […]
Pentagon supports its supply chain as federal help set to reduce
Following the press conference of Undersecretary of Defense for Acquisition and Sustainment Ellen Lord updating on ongoing COVID-19 measures; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation; “With a US$738bn budget allocated to national defense in 2020, the Pentagon is sometimes considered as […]