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Following the news that the West Texas Intermediate (WTI) May futures nosedived 300% to as low as almost negative $40 in early trades on 20 April 2020; Nandakumar Premchand, Director at GlobalData, a leading data and analytics company, offers his view: “This being the last day of the expiry of the May futures, ETFs such […]
Government start-up bailout scheme must help winners, not prop up losers
Following today’s news (20th April) that the UK Government has launched a £1.25bn bailout plan for venture capital-backed businesses struggling to survive the COVID-19lockdown; David Bicknell, Principal Analyst in the Thematic Research Team at GlobalData, a leading data and analytics company, offers his view on the bailout: “The government’s support for start-ups has been slow-coming, with France and Germany launching similar schemes weeks […]
Medicare $100bn expected to relieve financial burden on providers and incentivize high-throughput coronavirus testing, says GlobalData
Following the announcement that the Health and Human Services (HHS) delivered an initial $30bn in relief funding to Medicare providers and suppliers and doubled its payment rate for high-throughput coronavirus testing; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “This injection of cash is a welcome relief […]
FDA takes even more measures to ease burden on N95 manufacturers
Ten nurses from the Providence Saint John’s Health Center in California were reportedly placed on administrative leave for refusing to treat COVID-19 patients without access to N95 respirators. At the time they were suspended, it is claimed that these nurses were instructed to wear surgical masks, despite the fact that these devices are not capable […]
Personalized pet nutrition reflects human demand for ever greater specificity
Innovators are taking inspiration from human healthcare trends such as supplements, weight loss and stress management, and offering new convenient products and services to pet owners, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Success Case Study: Tails.com’,notes that artificial intelligence (AI) and the resulting flexibility in manufacturing processes is unleashing the potential […]
bioMérieux revenue expected to continue growth due to COVID-19 respiratory panel test currently in development
Following the announcement that French biotech company bioMérieux reports 21.5% Q1 revenue growth; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “bioMérieux experienced unprecedented Q1 revenue growth due to demand for its molecular biology products used in COVID-19 testing, including its US Food and Drug Administration (FDA) […]
Manz to resume operations with proper measures
Following the news that German solar photovoltaics (PV) manufacturer Manz has revealed plans to open up its Italian facility; Somik Das, Power Analyst at GlobalData, a leading data and analytics company, comments: “Based on recommendations from the German federal government and the European Commission, Manz temporarily shut its operations in Italy and Germany. Now with proper […]
India should reduce dependence on Chinese solar module market post-COVID-19
A drop in Chinese photovoltaic (PV) module prices may be expected following the COVID-19 epidemic as Chinese manufacturers have been forced to stockpile their modules. Reducing India’s dependence on the Chinese market would, therefore, benefit the solar industry from the cost stability and quality control standpoint, says GlobalData, a leading data and analytics company. Somik […]
COVID-19 pandemic hurts fossil fuel sector
The coal sector is expected to take the major brunt of the COVID-19 outbreak as electricity demand decreases due to production halts in major factories and industrial units globally, says GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst at GlobalData, comments: “Planned coal projects are expected to face challenges in obtaining […]
COVID-19 spurs cyberattacks on healthcare sector
The global healthcare sector has been subjected to an array of cyberattacks as it deals with the COVID-19 pandemic, says GlobalData, a leading data and analytics company. Rajesh Muru, Principal Analyst at GlobalData, comments: “The COVID-19 pandemic has created further challenges in the healthcare sector as IT business units prioritize IT budgets and focus on […]
Construction activity in Latin America to contract further in 2020
The construction industry in Latin America is expected to contract further in 2020 following a decline in the previous year, according to forecast updates by GlobalData, a leading data and analytics company. Before the COVID-19 pandemic, GlobalData expected growth in Latin America’s construction industry to recover to 2.3% by 2020 due to increasing construction activity, […]
Impact of COVID-19 to significantly slow growth in Canadian insurance market
Canada’s high-quality universal healthcare system is set to limit exposure of private insurers in COVID-19 treatment but the non-life sector will struggle. Private health insurers largely foot the bill for prescription drugs, ambulance services and other related costs not covered by the public system. Therefore, GlobalData, a leading data and analytics company, expects non-life insurers […]
Disruption to financial markets hurting Dutch insurers
Economic uncertainty and declining financial markets are expected to impact a range of Dutch insurance products, says GlobalData, a leading data and analytics company. GlobalData insurance analyst, Deblina Mitra, commented: “A rise in economic uncertainty amid the countrywide lockdown is expected to impact surety insurance and trade credit. The slowdowns and trade restrictions will impact […]
5G networks not slowing down
Despite COVID-19 resulting in revenue pressures from slowing sales and consumer demand for new products, many major carriers say they still have the cash flow to move ahead with 5G deployments, says GlobalData, a leading data and analytics company. Lynnette Luna, Principal Analyst at GlobalData, comments: “No one can say for sure what impact the […]
Travel and Tourism marketing should aim to understand how consumer behaviour will change post-pandemic
Worldwide, this is a dark time for the travel industry. As global destinations remain closed and travel company operations continue to be wound down, the industry will increasingly look to its marketing functions to provide campaigns of hope or more simple communications to maintain their engagement with customers and let them know they are still operational, […]
COVID-19 offers short-term positive effect on gaming sector but is not a complete win for Sony, Microsoft and Nintendo
COVID-19 will have a short-lived positive impact on gaming, but not all companies will benefit. Sony is the most exposed, because games such as The Last of Us Part II and Iron Man VR have been delayed indefinitely, and the upcoming PS5 is expected to miss the holiday season in 2020, says GlobalData, a leading […]
Neurimmune and Ethris recovered patients antibody treatment for COVID-19 could remove plasma treatment bottleneck
As the COVID-19 pandemic continues to spread, collaborations between companies with differing areas of expertise could accelerate the availability of a treatment for the disease. Neurimmune and Ethris’ collaboration could produce a recovered patient antibody treatment that could be rapidly delivered to patients without requiring continued recovered patients’ plasma donations or continued verification of the antibodies […]
UK clothing & footwear market forecast to decline by £14.0bn this year
Set to be the worst hit sector by the COVID-19 pandemic, UK clothing & footwear spend is anticipated to plummet in 2020, falling 26.1% versus 2019, says GlobalData, a leading data and analytics company. Chloe Collins, Senior Retail Analyst at GlobalData, comments: “As the government has extended the UK lockdown for at least three more […]
EMA task force to expedite and coordinate regulatory actions for COVID-19 treatments
Regulatory bodies worldwide are taking action to combat COVID-19. In Europe, the European Medicines Agency (EMA) has established the COVID-19 EMA pandemic Task Force (COVID-ETF), which will work with the Member States and the European Commission (EC) on therapeutics and vaccines for the virus. Past examples of such task forces in the fight of Swine Flu […]
COVID-19 is intensifying competition between collaboration specialists and tech giants
The COVID-19 pandemic has caused worldwide lockdowns, forcing millions of people to work remotely. Smaller companies providing collaborative tools are increasingly finding themselves battling the giants of the tech industry for prime position in a highly lucrative market, says GlobalData, a leading data and analytics company. Ella Benson Easton, Thematic Analyst at GlobalData, comments: “The […]