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India has reported a gradual decline of the COVID-19 infections after reporting a high number of daily new cases in September and October 2020. The seasonal effect of the colder weather combined with the lifting of lockdown measures was supposed to trigger a surge in the cases, but they have gradually declined. Hence, the reason […]
Digitization, transparency and ethics to keep fast fashion retailers relevant in post-COVID apparel market, says GlobalData
Customers are mindful of the adverse environmental impact of fast fashion. Sustainability and ethical awareness are influencing the industry to make dynamic changes such as digitization, circularity and transparency in business practices that will help brands in the long-term, says GlobalData, a leading data and analytics company. Conscious consumption is on the rise and shoppers […]
Despite domestic travel deterrents, Chinese New Year tourism to continue, says GlobalData
Despite cash incentives to stay home, extensive testing requirements and the launch of digital parades, many Chinese tourists are still likely to travel for the Chinese New Year – the largest and most widely celebrated event across the country, says GlobalData, a leading data and analytics company. The last ‘normal’ year (2019) for tourism in […]
Business interruption ruling from supreme court may save insurers’ reputations in long run, says GlobalData
The UK supreme court has adjudged that the insurers will have to pay small firms for their COVID-19 losses, which will hit the profits in the short-term. Consequently, this decision may save the collapsing reputation and trust of the insurers in the industry in the long-term, says GlobalData, a leading data and analytics company. GlobalData’s […]
China’s increasing domestic demand ramps up retail industry growth, says GlobalData
China continues to report year-on-year surge in retail sales as the country’s economy rebounds due to rising domestic demand, according to GlobalData, a leading data and analytics company. Ankita Roy, Retail Analyst at GlobalData, says: “China’s relative success in containing the COVID-19 and the early relaxation of restrictions have encouraged wary consumers to return to […]
Asia-Pacific to lead value apparel retail market growth through 2024, says GlobalData
Rising unemployment and economic uncertainty due to COVID-19 have had a detrimental impact on the way consumers shop for apparel. Impulsive spending on apparel products is off the cards now, and ‘value for money’ has become the key criterion to attract the shoppers. The Asia-Pacific (APAC) region is set to emerge as the epicenter of […]
Pharmaceutical manufacturers to benefit from Biden’s marijuana legalization plans, says GlobalData
President Joe Biden brings a significant likelihood of federal marijuana reform, one of his key campaign promises. Amidst the ongoing opioid crisis, legalizing cannabis at the federal level will lead many clinicians and patients to reduce their use of highly addictive opioids. The legalizing will also create significant business opportunities for pharmaceutical manufacturers of both […]
Tonix Pharma eyes significant share in metabolic market with intranasal drug licensing deal, says GlobalData
Tonix Pharmaceuticals (Tonix) has recently announced a licensing deal with Katana Pharmaceuticals for its intranasal potentiated oxytocin with a view to expand its application into metabolic disorders such as insulin resistance, diabetes and obesity. Tonix had originally purchased oxytocin-potentiated therapy from Trigemina in June 2020, with a promising pre-clinical data demonstrating efficacy for the intranasal […]
India finalizes LCA Tejas MK-1A contract, onus now on HAL to meet delivery timelines, says GlobalData
Following the news that India has sealed a 83 LCA Tejas MK-1A fighters procurement deal with Hindustan Aeronautics Ltd (HAL); Abhijit Apsingikar, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “While maintaining the delivery timelines, the key focus of the deal with HAL is to design and induct […]
Unilever positive performance driven by 51% of Chinese consumers buying more household cleaning products, says GlobalData
Following the news that Unilever has released its 2020 full-year results; Frederick Diamond, Consumer Analyst at GlobalData, a leading market research company, offers his view on how the pandemic, when responded properly, can offer gains for diverse brand portfolios: “Unilever’s 2020 announcements clear the global shift in priorities by consumers in one of the most […]
Betting sponsorship already worth US$396.6m in five major US sports leagues, says GlobalData
Just two and a half years after the Professional and Amateur Sports Protection Act (PASPA) was deemed inconsistent with the US constitution, sponsorship investments worth US$396.6m have flown in from the betting industry to the five major sports leagues in the US*, according to GlobalData, a leading data and analytics company. The overruling of the […]
Myanmar’s major defense procurement programs to remain unaffected despite possible sanctions, says GlobalData
Following the recent news of the military coup in Myanmar; Hemant Bhandari, Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “The US has threatened to re-impose sanctions on Myanmar following a military staged a coup d’état (coup) on the ruling government. Myanmar’s military also declared control of the country and […]
India’s new Warrior combat drone to redefine and elevate aerial warfare skills, says GlobalData
Following the news that India’s state-owned Hindustan Aeronautics Limited (HAL) has showcased a scale model of Warrior combat drone during Aero India 2021; Tushar M, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The unveiling of Combat Air Teaming System (CATS) Warrior is anticipated to significantly enhance the […]
India’s construction industry to rebound by 14.5% in 2021, forecasts GlobalData
India’s Union Budget 2021-22 has given a major boost to the country’s beleaguered construction industry with a planned capital expenditure of US$75.8bn, which is an increase of 34.5% from last year’s budget. With the government focusing on infrastructure to drive the economic growth, the construction industry is expected to rebound by 14.5% in 2021, says […]
Tata military aircraft to stimulate nascent aerospace and defense ecosystem in India, says GlobalData
Following the recent news that India’s industrial conglomerate Tata has acquired the IP rights for a German aircraft; Abhijit Apsingikar, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The acquisition of IP rights for a German aircraft (likely to be the Grob G180 SPn) by Tata will pave […]
India’s FY22 defense budget earmarks considerable increase, still falls short of expectations, says GlobalData
Following India’s announcement of defense budget for FY22; Abhijit Apsingikar, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “India has just announced its post-COVID-19 budget for FY22, which prioritizes healthcare, infrastructure and agricultural credit over defense. The key emphasis of the budget seems to be on driving the […]
Meal replacement trends in China as over two-fifth consumers seek fitness F&B products amid COVID-19, says GlobalData
With obesity suggested and accepted to *1increase the risk of severe symptoms and complications of COVID-19, *244% consumers in China are interested and actively buying food and beverage (F&B) specifically designed to support fitness/exercise. These health-conscious Chinese consumers are turning to the meal-replacement trend for combating weight management issues and availing proper nutrition, according to […]
Existing transmission set-up forces Australia to put connection caps on renewable electricity generation, says GlobalData
The uptake of renewable energy generation has risked the existing transmission system originally built for coal-powered generation in Australia. With the kind of growth expected in the wind and solar PV sectors, the current transmission infrastructure is bound to be overburdened and therefore, should be revamped to check the issue of intermittency linked with renewable […]
Infrastructural investments to drive Indonesian construction output in 2021, says GlobalData
The Indonesian construction output declined by 2% in real terms in 2020 due to the large-scale social restrictions (PSBB) imposed by the government to control the COVID-19 infection. However, driven by investments in infrastructure, the industry is expected to stabilize and recover in 2021 with an expected registered growth rate of 7.1%, assuming operations return to […]
Acceleration of China-Myanmar Economic Corridor to boost bilateral arms relationship, says GlobalData
The move to accelerate the construction of the China-Myanmar Economic Corridor (CMEC) can help ramp up the existing arms-trade relationship between the two countries in the near future, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Myanmar Defense Market – Attractiveness, Competitive Landscape and Forecast to 2025’, reveals that China was the largest […]