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Jonthan Brown

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  • Author: Jonthan Brown

COVID-19 outbreak sees number of sponsorship deals fall by 40% in just two months

Since COVID-19 outbreak, there has been widespread disruption to the global sports calendar. The ensuing economic crisis continues to impede on upcoming sponsorship contracts, with March seeing a 40% drop in the number of sponsorship deals, according to Sportcal, a GlobalData company. Will Candy, Sports Analyst at GlobalData’s Sportcal, comments: “In times of economic hardship, […]
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Oasis and Warehouse set to be elbowed out of the overcrowded midmarket

Clothing brands, Oasis and Warehouse are reportedly on the brink of falling into administration.  Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news;  “The lack of distinct design handwriting at Oasis and Warehouse, coupled with fierce competition from online pureplays and Zara, alongside their exposure to […]
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Share buyback freeze in markets rising due to COVID-19 impact

Companies are announcing a pause in share buyback plans to prevent a financial catastrophe due to dwindling cash reserves as a result of COVID-19, says GlobalData, a leading data and analytics company. As tracked by GlobalData’s news database, companies across diverse industries and geographies have already started announcing stoppage of share buybacks. Financial services, technology […]
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US consumers losing jobs and health insurance due to COVID-19

Workers in the US are facing the daunting process of losing both their jobs and consequently health insurance as the two are often tied together, says GlobalData, a leading data and analytics company. The country has become the new epicenter of the coronavirus pandemic, having recorded more cases than any other country. Citizens do not […]
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COVID-19 crisis will make drones an everyday technology

The use of drones in response to COVID-19 will make technology part and parcel of today’s society, says GlobalData, a leading data and analytics company. Drones are already being used around the world as a law enforcement tool to order public back to their homes and disinfect public places. They are also starting to be […]
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Manufacturing disruptions in China to ramp up wind turbine prices in the US

The US was the second-largest market for wind with a total cumulative installed capacity of 105.5GW, in 2019. Despite being the second-largest market, the US depends on China for numerous components present inside the nacelle, such as transformers, converters, and inverters, which is likely to cause prices to rise, says GlobalData, a leading data and analytics company. Manufacturing disruptions in China have resulted in concerns from developers worldwide, seeking to complete projects or procure financing. The components for turbine fabrication are mainly sourced from Spain, India, and China, all of whom have or are continuing to experience the significant […]
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Diageo’s recovery will be a long process

Following today’s news that Diageo has withdrawn its annual forecast for sales and profit growth and halted its shareholder returns program; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view on what this means for the UK’s spirits market: “More than one-quarter (*28%) of UK consumers are purchasing lower quantities of spirits or have stopped purchasing them altogether since the COVID-19 outbreak. […]
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Hydroxychloroquine for COVID-19 needs more data

As COVID-19 spreads, the search for a treatment is ramping up. The antimalarial and immunosuppressant hydroxychloroquine has received some attention, including that of President Trump. There are currently around 60 planned or in-progress clinical trials to test its efficacy as a treatment for COVID-19. However, the results of recently completed clinical trials indicate there are not enough data to support hydroxychloroquine use for COVID-19 treatment at the level of expectations […]
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TUI’s refund confirmation critical to protecting brand reputation

Following the news that the UK’s biggest travel agency has confirmed refunds are still available for travelers, Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData offers her view: “This clarification issued by TUI will no doubt ease customer’s minds thus aiding the reputation of the brand as smaller, independent agencies have begun eliminating refund requests. […]
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Amgen and Adaptive Biotechnologies join a long list of drug and vaccine development partnerships to combat COVID-19

With the advent of COVID-19 reaching over one million cases worldwide, a concerted effort will be needed to approach this growing problem.  Drug development partnerships between companies that complement their areas of expertise will more rapidly facilitate research on this disease, says GlobalData. Philipp Rosenbaum, PhD, Infectious Diseases Analyst at GlobalData, commented: “While past historical data […]
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US cash payments to decline by 4.5% between 2019 and 2023 due to COVID-19

The rapidly rising number of coronavirus (COVID-19) cases in the US has caused an economic slowdown in the country, which has resulted in the number and value of expected transactions being significantly reduced – largely due to a substantial fall in cash transactions, says GlobalData, a leading data and analytics company. Pre-COVID-19, GlobalData forecasts saw total transactions rising at a compound annual growth rate (CAGR) of 7.6% between 2019 and 2023. However, this […]
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Industrial automation is paying the price for failing to think big and invest bigger

The industrial automation sector was not in a great place before COVID-19 struck, having been slowed by flat capital expenditure and declining industrial production, says GlobalData, a leading data and analytics company. The virus has since closed factory after factory worldwide with workers sent home. The reality is that despite much hype over the years, advanced […]
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Production cuts at Airbus show concerning state of commercial aviation amidst COVID-19 crisis

Following the announcement by Airbus that it will cut its commercial aircraft production in light of the commercial aviation crisis worsened by the COVID-19 outbreak; Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on Airbus’ decision: “Cutting production of aircrafts across the board is a powerful […]
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Auto industry costs from lost production soar over $100bn

Analysis undertaken by GlobalData, a leading data and analytics company, suggests that lost automotive volume as result of the COVID-19 crisis now stands at 3.6 million units, with the industry’s revenue loss estimated to have risen sharply in recent weeks to a staggering $113.3bn. Calum MacRae, Automotive Analyst at GlobalData, comments: “For the automotive sector, […]
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Medical device companies to strengthen serology testing portfolios to help combat the spread of COVID-19

Following the launch of Bio-Rad Laboratories’ serology assay to detect COVID-19 antibodies; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “As Bio-Rad Laboratories launches an immunoassay, serology testing will become crucial in screening large populations and combating the spread of COVID-19. Immunoassays detect the presence of antibodies […]
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