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Following the news that Microsoft has led an initiative to take down a ransomware threat from Trickbot malware ahead of the forthcoming US elections, David Bicknell, Principal analyst in Technology Thematic Research at GlobalData, a leading data and analytics company, offers his view on the development: “Microsoft’s move to take down the Trickbot botnet is welcome, but it is just a skirmish in the continual battle against cyber threats. “The fact that Microsoft and other organizations decided to take coordinated action to shut down Trickbot now, four years after it was first spotted, highlights widespread fears that a ransomware attack […]
Digital sway drove Lululemon’s sentiments
Athletic apparel designer Lululemon witnessed Q2 2020* sentiments grow by around 19% compared to Q1 2020 on the back of sales growth driven by its e-commerce boom, says GlobalData, a leading data and analytics company. Rinaldo Pereira, Senior Analyst at GlobalData, says: “While uncertainty due to the COVID-19 pandemic impacted sentiments in Lululemon’s Q4 2019 transcript, shuttered stores during Q1 2020 did […]
Private jet industry set for quicker recovery as passengers switch to private flights to reduce risk of contracting COVID-19
The private jet industry felt similar shockwaves to the rest of the aviation sector at the start of the COVID-19 pandemic. However, a promising rebound in recent months looks set to recover some of those losses as wealthy leisure passengers switch to private flights to reduce the risk of contracting COVID-19, says GlobalData, a leading […]
New CEO takes the reigns at steadfast Tesco
Following today’s release of Tesco H1 figures for 2020/21, Thomas Brereton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Tesco’s eagerly anticipated H1 results reveal an impressive performance amid an incredibly tough backdrop, navigating the choppy waters of COVID-19 to deliver strong growth in its core UK & ROI market. Although total sales suffered as non-food sectors fell […]
Clarks lost its footing way before COVID-19 as it lacks adaptability
Following the news that Clarks is reportedly preparing to launch a CVA: Pippa Stephens, Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “Clarks’ reported proposal to shutter around 50 of its stores as part of a CVA is long overdue, as its lack of decisive action in recent years has put it in a far weaker position than it should […]
Government investment to aid post-COVID-19 recovery of ICT market in Singapore
In an attempt to revive the COVID-19 hit economy by creating new business and employment opportunities, Singapore has pledged to continue investing in innovation and technology. The move will help revive the growth of the information and communications technology (ICT) market in 2021 following a brief slowdown in 2020, says GlobalData, a leading data and analytics company. GlobalData forecasts the enterprise ICT market value in Singapore to grow by 3% in 2021, following a 6% decline in 2020 as a result of the COVID-19 crisis and […]
Brands must make sustainability efforts clear on clothing labels
Clothing labels need to be clearer when it comes to showing how a product is sustainable, as transparency continues to be a key driver of purchasing decisions, says GlobalData, a leading data and analytics company. Hannah Abdulla, Apparel Correspondent at GlobalData, says: “Sustainability is fast approaching a point where it is non-negotiable. “Consumers are actively looking at clothing labels to see how the […]
Halfords rides to higher profit expectations as COVID-19 continues to drive cycling demand
Following the news that Halfords has increased its profit before tax guidance for H1 FY2020/21 to £55m, up from £35-40m: Jonathan Rock, Associate Retail Analyst at GlobalData, a leading data and analytics company, offers his view on this news; “Halfords has continued to excel in September driven by a dramatic increase in cycling sales thanks to the prolonged warm weather, and rising fears surrounding a second peak of COVID-19 leading consumers to avoid public […]
Uncertainty over Spirit AeroSystem’s acquisition of Bombardier will have negative economic impacts for both parties
Following reports that conditions related to Spirit’s planned Bombardier acquisition may not be met by the agreement’s deadline of October 31; Harry Boneham, Aerospace and Defense Associate Analyst at GlobalData, a leading data and analytics company, offers his view on the situation; “Spirit and Bombardier are exposed to the economic effects of the COVID-19 pandemic, and this limits their capability to recover from the current crisis. If the deal […]
Boycotting Xinjiang cotton will be no easy feat
The United States is moving forward with legislation that would effectively ban cotton imports from China’s Xinjiang province over potential links to forced labour – but such a step would be a massive challenge for the apparel industry, according to GlobalData, a leading data and analytics company. The Uygur Forced Labour Prevention Act shifts the goalposts on forced labour by requiring […]
Tesco’s ambitious new sales targets appeal to 65% of UK consumers
Following recent news that Tesco intends to set a plant-based sales target of 300% growth in the next five years; Frederick Diamond, Consumer Analyst at GlobalData, a leading market research company, offers his view on what Tesco’s announcement means: “Tesco’s ambitious new sales targets serve to reinforce the notion that the future is plant-based. Health fears provoked by the pandemic, an increased media focus on the environmental impact of livestock, and advances in food-processing technology as a result and driver of this growing […]
Australian protected mobility vehicles to feature increased firepower
Following the Australian Ministry of Defence’s $66.8m contract award to EOS for 251 new remote weapon stations, for the protected mobility vehicles (PMV); Stelios Kanavakis, Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the contract: “This contract is an important step towards increasing the protection that the PMV fleet can provide during operations, while having standardized equipment, and […]
Dutch and Estonian Armies’ UGV THeMIS procurement paves way for future opportunities
Following the contract award from the Estonian Centre for Defence Investment of THeMIS unmanned ground vehicles (UGVs) for the Dutch and Estonian armies; Stelios Kanavakis, Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the contract: “This contract award reinforces the value of UGVs in today’s battlefield and the fact that they can become an integral part of ground units. As the concept of use is steadily […]
Climate change movement exposes another obstacle to future profitability for travel operators
As young people unite across the world on the 25 September, in their first global action during the pandemic, it becomes clear that COVID-19 is not the only obstacle for future profitability for travel operators, says GlobalData, a leading data and analytics company. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: “38% of GenZ and 41% of millennials desire to hear news about a brand’s sustainability initiatives […]
Crohn’s disease set to reach 1.6 million cases in 8MM by 2029
The diagnosed prevalent cases of Crohn’s disease (CD) in the eight major markets (*8MM) are projected to increase from 1,339,543 cases in 2019 to 1,629,940 cases in 2029, equating to an annual growth rate (AGR) of 2.17%, according to GlobalData, a leading data and analytics company. The natural course of CD, with low mortality, as well […]
European manufacturers look to Turkey to achieve sustainability
European clothing brands are currently looking to nearshore more of their products, and Turkey is proving to be a solid contender for these manufacturers, as they strategically plan to implement sustainability efforts, says GlobalData, a leading data and analytics company. Thanks to its close proximity to the European Union and duty-free access through the Euro-Mediterranean Economic Partnership Agreement and the EU Customs Union, Europe is presently the largest market for Turkey‘s ready-made garments. However, […]
Amyotrophic lateral sclerosis set to increase to 65,900 cases in the 8MM in 2029 due to aging populations, says GlobalData
The diagnosed prevalent cases of amyotrophic lateral sclerosis (ALS) in the eight major markets (*8MM) is expected to increase from 57,800 cases in 2019 to 65,900 cases in 2029, at an annual growth rate (AGR) of 1.41%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Amyotrophic Lateral Sclerosis: Epidemiology Forecast to […]
Pulmonary arterial hypertension set to increase to 68,200 cases in 7MM by 2029, says GlobalData
The diagnosed prevalent cases of pulmonary arterial hypertension (PAH) in the seven major markets (*7MM) is expected to increase from 67,400 cases in 2019 to 68,200 cases in 2029, at an annual growth rate (AGR) of 0.13%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Pulmonary Arterial Hypertension: Epidemiology Forecast to […]
COVID-19 adds US$12bn onto global frozen meat sales as market set to reach US$134bn by 2023, says GlobalData
Annual global frozen meat sales, the largest global frozen food category, is forecast to reach US$134bn by 2023 – an increase of US$12bn on the pre-COVID-19 forecast of US$122bn, according to GlobalData, a leading data and analytics company. In 2020 alone, COVID-19 is expected to increase global frozen meat sales by US$9.1bn, representing an 8.1% […]
Filter cigarettes set for global sales of US$561bn in 2020, a loss of US$56bn to the industry as COVID-19 causes significant drop in tobacco consumption
Filter cigarettes remain the largest selling tobacco product with global forecast sales of US$651bn in 2020, an 8% drop on sales of US$707bn in 2019, according to the latest estimates from GlobalData, a leading data and analytics company.This is a potential revenue loss of US$56bn for the tobacco industry as the COVID-19 pandemic continues to […]