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With metaverse gaining popularity in 2021 and the COVID-19 pandemic forcing people to be online for longer hours, the race is getting heated up among the global industries to adopt the simulated digital environment. Against this backdrop, conversations among Twitter influencers around ‘Metaverse’ witnessed a sharp upward trend since the beginning of Q3 (Jul-Sep) 2021 […]
India’s focus to enhance anti-tank defense capabilities gains momentum with Saab’s AT4, observes GlobalData
In pursuit of enhancing its air defense and anti-tank capabilities, India has signed a contract with Swedish defense major Saab AB for its AT4 anti-tank single-shot weapon system through a competitive program. India has been using Saab’s Carl Gustav since the early 1970s which could an influencing reason for the AT4 deal. Also, AT4 is […]
Driven by visionary ecosystems, 5G subscriptions in APAC to grow at 25.5% CAGR through 2026, finds GlobalData
The 5G service has been gaining strong ground in the Asia-Pacific (APAC) region, with its subscriptions expected to increase at an impressive compound annual growth rate (CAGR) of 25.5% over the forecast period of 2021-2026. The growth is primarily driven by national 5G strategies/policies/action plans adopted by several countries, outlining their vision and guidelines to […]
Kia Carens to heat up three-row MPV market of India in 2022, observes GlobalData
Despite the COVID-19 impact, new vehicle launches in India have been able to charge up the local market. In line with this, Kia Motors India recently launched its new 7-seater three-row MPV in India called ‘Kia Carens’. This launch marks the entry of Kia Motors in the mass market MPV segment after the premium MPV […]
Novavax continues to strengthen Asia presence with South Korea approval, says GlobalData
American biotech company Novavax, together with Korea-based SK Group’s vaccine business subsidiary SK bioscience, has secured the South Korea’s Ministry of Food and Drug Safety (MFDS) approval for its recombinant, adjuvanted COVID-19 vaccine Nuvaxovid. The move strengthens Novavax’s presence in Asia through local partners, says GlobalData, a leading data and analytics company. According to GlobalData’s […]
Omnichannel strategy to help Nykaa gain its foot in Indian cosmetics and fashion space, observes GlobalData
Eyeing for omnichannel expansion, Indian fashion and beauty retailer Nykaa plans to strengthen its offline presence and open 300 physical stores in 2022. The company’s omnichannel expansion plan sets it on course to make its foothold stronger than before in the Indian cosmetics and fashion domain. Besides consolidating its presence, it is set to accelerate […]
Amid growing Chinese threat, India to order 200 more K9 howitzers to boost domestic manufacturing, says GlobalData
India is planning to place an order for the delivery of 200 additional K9 self-propelled howitzers, which is likely to be signed in 2022. This order for the indigenously manufactured K9 Vajra will not only boost the domestic defense manufacturing base, but it will also act as a reactive measure against the growing Chinese military […]
Potato scarcity at McDonald’s Japan attests importance of supply chain resilience in foodservice sector, finds GlobalData
McDonald’s Holdings Company announced that its outlets across Japan will suspend the sales of hash browns, and continue rationing French fries through January 2022. The fast-food chain operator attributed the menu rollback to an acute shortage of potato stocks as floods and COVID-19 disrupted the imports from North America. This just goes to show how […]
Sullivan & Cromwell and Kirkland & Ellis were top M&A legal advisers by value and volume in construction sector for 2021, finds GlobalData
Sullivan & Cromwell and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in construction sector for 2021 by value and volume, respectively. Sullivan & Cromwell advised on 16 deals worth $65.2bn, which was the highest value among all the advisers. Meanwhile, Kirkland & Ellis led in volume terms having advised on […]
JP Morgan and Rothschild & Co were top M&A financial advisers by value and volume in construction sector for 2021, finds GlobalData
JP Morgan and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in construction sector for 2021 by value and volume, respectively. JP Morgan advised on 34 deals worth $141.9bn, which was the highest value among all the advisers. Meanwhile, Rothschild & Co led in volume terms having advised on 44 deals […]
India to add 32% oil and gas transmission pipeline length additions through 2025, finds GlobalData
India is expected to register the second highest trunk/ transmission oil and gas pipelines network additions in Asia, accounting for 32% of the region’s total pipeline length additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Oil and Gas Pipelines Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook […]
Pakistan to strengthen natural gas transmission pipeline network to meet growing gas demand, says GlobalData
Pakistan continues to strengthen its natural gas transmission pipeline network to meet the growing natural gas demand in the county. It accounts for more than 80% of the total upcoming transmission pipelines length additions by 2025, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Oil and Gas Pipelines Industry Outlook to […]
Personal financial insecurities stifling retail sector recovery in APAC, observes GlobalData
With the COVID-19 pandemic still creating mayhem, majority (88%*) of the Asia-Pacific (APAC) consumers were going through a phase of financial insecurities during Q4 2021 due to factors like job losses, pay-cuts and various other reasons. Even after 2021, these concerns still exist among the shoppers that have subsequently contributed to the retail sales decline […]
Diverse regional strategic challenges compel Malaysia to increase defense acquisition budget through 2026, finds GlobalData
In response to conflicting territorial claims over the South China Sea and the complex other regional strategic challenges, Malaysia plans to modernize air force and the naval capabilities. Against this backdrop, the defense acquisition budget of the country is expected to increase at a compound annual growth rate (CAGR) of 9.45% between 2022 and 2026, […]
Adani entry into electric mobility will boost Indian automotive market, observes GlobalData
Following the news that Adani group entity SB Adani Trust received trademark approval for commercial electric vehicles business in India; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Adani’s entry will be a major push to the Indian commercial EV industry, which presently is in […]
Personal hygiene products sales to skyrocket with COVID-19 third wave beginning to hit APAC, forecasts GlobalData
With the Omicron cases rising, countries across the Asia-Pacific (APAC) region are once again mulling about lockdowns and restrictions, despite the potential economic fallout and public protests. Consumers are turning more particular about personal cleanliness and sanitation, which is driving the sales of personal hygiene solutions. Subsequently, manufacturers are gearing up to roll out innovative […]
China to spearhead Asian polycarbonate capacity additions through 2025, forecasts GlobalData
China is expected to register the highest polycarbonate capacity additions in Asia between 2021 to 2025, contributing more than 50% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘ Global Polycarbonate Market Size and Forecast, 2021-2025 – Capacity and Capital Expenditure Forecasts with Details of All […]
BrahMos missile deal by Philippines likely to motivate other ASEAN countries to buy from India, says GlobalData
The Philippines’ decision to procure BrahMos anti-ship cruise missile from India will not only fortify the coastal defense of the archipelago but also drive the other ASEAN countries like Singapore, Malaysia and Thailand to obtain these missiles to build a minimum credible defense for themselves, says GlobalData, a leading data and analytics company. GlobalData’s report, […]
GlobalData finds 35% rise in CXO new job listings in 2021
Looking back into 2021 leadership hiring trends, CXO* new job listings were on a rise. With around 35% increase in companies’ new job listings in 2021 compared to 2020, there was a continuous lookout for leadership candidates. While a lot of CXO listings could be because of limited hiring in 2020 due to COVID-19, it […]
China to lead Asia’s oil and gas transmission pipeline length additions through 2025, finds GlobalData
China is expected to lead the trunk/ transmission oil and gas pipelines network in Asia, accounting for 39% of the region’s total pipeline length by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Oil and Gas Pipelines Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All […]