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Amidst the COVID-19 pandemic, the beverage industry has witnessed a significant shift in the purchasing preferences of consumers in India, with steady rise and strong inclination towards ready-to-drink (RTD) beverages. This shift has encouraged the beverage manufacturers to re-evaluate their innovation strategies and explore options to diversify their portfolios, says GlobalData, a leading data and […]
Telco B2C innovation unhampered by COVID-19, says GlobalData
There is no evidence of significant disruption to telco innovation projects due to COVID-19. If anything, the crisis is only serving to underscore the logic of digital transformation, which is accelerating telco ambition to go further, faster. Consequently, the short to mid-term prospects for telco innovation look good – arguably ‘improved’, says GlobalData, a leading […]
COVID-19 supply disruptions offer scope for change in Indian solar manufacturing model, says GlobalData
The ongoing COVID-19 pandemic has exposed the over-reliance of countries on China to carry through their energy transition. The pandemic has disrupted the global supply chain with the shutdown of manufacturing units in China. Against this backdrop, the solar imports of India fell by over 75% year-on-year (YoY) in Q1 2020. However, the crisis should […]
Wellness has taken new meaning amidst COVID-19 pandemic, says GlobalData
With people across the world staying at home for protracted periods in a bid to contain the COVID-19 pandemic, at-home wellness trends are gaining traction. Hence, brands need to communicate efficacy, make evidence-based claims, enhance convenience and establish trust in this uncertain times, says GlobalData, a leading data and analytics company. Sumit Chopra, Consumer Research […]
WWF Australia’s proposed renewables led stimulus package to revive economy post-COVID-19, says GlobalData
As the COVID-19 pandemic has brought the economy to a standstill, the World Wide Fund (WWF) Australia report suggests that the proposed investments in the renewable technologies are against the government-favored fossil fuel industry. The stimulus measures in the WWF report mainly focuses on the development of green technologies and strengthening the exports. The report […]
Italian payments industry set to move away from cash dominance as consumers look for safer methods, says GlobalData
With the COVID-19 unlikely to cease in the near future and the lockdown still continuing, the consumers in Italy are opting to shift away from cash payments to mobile and online payments, which are supposed to be safer modes of payments, says GlobalData, a leading data and analytics company. GlobalData has revised its forecasts for […]
UK personal lines insurance to experience large declines in 2020 due to COVID-19, says GlobalData
The personal lines market in the UK will contract in 2020 as a result of COVID-19 impacting a range of different lines of business. Travel insurance will be the worst affected personal lines product in the UK, says GlobalData, a leading data and analytics company. GlobalData’s UK Insurance Market Essentials: COVID-19 Update report forecast suggests […]
Chinese NOCs worst hit in Asia under current global market volatility, says GlobalData
The upstream businesses of the national oil companies (NOCs) in China are the most affected amongst the Asian NOCs’ peer group when assessed against the short-term impact of COVID-19 and the weakened oil prices, says GlobalData, a leading data and analytics company. Cao Chai, Oil and Gas Analyst at GlobalData, comments: “The China National Petroleum […]
Small market cap companies more dependent on COVID-19 pipeline drug, says GlobalData
The effects of the COVID-19 pandemic on the market capitalization (market cap) of companies are mitigated by having a COVID-19 drug in their pipeline, with the smaller cap companies being the worst-affected group. Perhaps, this trend is caused by the way the market caps of smaller companies are hinged on the expected success and demand […]
Unlock 1.0 of COVID-19 situation in India can provide opportunities for RTD cocktails, says GlobalData
Although many public places reopened in India on 8 June 2020 after nearly two and a half months of strict lockdown, bars and pubs have been kept out of the purview of Unlock 1.0, with some Indian states such as Telangana being an exception. Yet, even with some pubs and bars being open, consumers may […]
Asia to lead global new-build trunk/transmission pipeline additions by 2024, says GlobalData
Asia will drive the global new-build trunk/transmission pipeline additions with a contribution of about 36% of the oil and gas pipeline length additions by 2024, says GlobalData, a leading data, and analytics company. GlobalData’s latest report, ‘Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines, 2020−2024: Asia Leads Global Pipeline Growth’, reveals that […]
Zurich faces increased claims as premiums concentrated in impacted areas and products, says GlobalData
With the COVID-19 cases rising and Zurich Insurance Group (Zurich) high exposure to Europe, the numbers of COVID-19-related insurance claims have spiked. However, its digital capability has kept it still very effective as per the business plan, says GlobalData, a leading data and analytics company. GlobalData’s Covid-19 Company Impact: Zurich Insurance Groupreport suggests that COVID-19 […]
COVID-19 to affect global coffee demand and premiumization trend, says GlobalData
Due to the rapid progression of COVID-19, coffee sales are expected to witness drastic decline globally, with North America and Eastern Europe being the worst-hit regions. With travel bans and large scale lockdowns worldwide resulting in many working from home, combined with in-store seating bans, there is a substantial impact on out-of-home coffee consumption. Additionally, […]
Promoting locations like Hainan can bring Western tourists back to China, says GlobalData
The COVID-19 pandemic has decimated the world’s tourism industry. As restrictions start to be lifted, China faces an uphill task of attracting Western tourists due to the connotations of the virus originating in Wuhan. However, promoting Hainan, which is around 30 times the size of Hong Kong, will allow the visitors to see another side […]
India to dominate Asia’s new-build trunk pipeline length additions by 2023, says GlobalData
India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 59% of Asia’s planned and announced pipeline length additions between 2020 and 2024, says GlobalData, a leading data and analytics company. GlobalData’s latest report,‘Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines, 2020−2024: Asia Leads Global Pipeline Growth’, […]
Generali’s Europe dominated business battling high claims, says GlobalData
Generali Group has extremely high exposure to Europe, and especially in its native Italy, which has been heavily impacted by COVID-19 and this leaves it facing high payouts (insurance claims), says GlobalData, a leading data and analytics company. GlobalData’s Covid-19 Company Impact: Generali Insurance Group Ltd report suggests that Generali is vulnerable as it has […]
Bio/Pharma companies with COVID-19 drug in pipeline had smaller Q1 market cap decrease, says GlobalData
Having a COVID-19 drug in a bio/pharma company’s pipeline resulted in a smaller decrease in market capitalization (market cap) during the first quarter (Q1) of 2020 compared to companies that did not have a COVID-19 drug in their plan. Bio/pharma companies with a COVID-19 drug in their pipeline declined in aggregate market cap by 5.8%, […]
Further research on MIS-C can provide insights on how COVID-19 affects immune system, says GlobalData
Some children have developed a severe inflammatory response due to COVID-19 infection that appears similar to Kawasaki disease. Doctors are referring to this response as pediatric multisystem inflammatory syndrome, or multisystem inflammatory syndrome in children (MIS-C). Although severe COVID-19 illness is less frequent in children, with about 3% of confirmed cases in the US in […]
COVID-19 to hit UK home insurers as disposable income will decline, says GlobalData
Home insurance, which has remained stagnant since 2017 in the UK, is expected to fall as COVID-19 hits the economy and consequently, the disposable income is likely to drop, says GlobalData, a leading data and analytics company. According to GlobalData’s 2019 UK Insurance Consumer Survey, there has been an increase in the number of consumers […]
China and India to lead global polypropylene capacity additions by 2024, says GlobalData
The global polypropylene capacity is poised to see considerable growth over the next four years, potentially increasing from 83.44 million tonnes per annum (mtpa) in 2019 to 132.49 mtpa in 2024, registering a total growth of 59%, led by Asia and the Middle East. In Asia, China and India are poised to potentially lead the […]