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mark Jephcott

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Heinz and Tesco pricing row heightens food inflation fears as 76% of UK consumers are concerned about the impact of inflation on their household budgets, says GlobalData

Following the news that Kraft Heinz has stopped supplying products to Tesco in the UK;Nidhi Chauhan, Senior Consumer Analyst at GlobalData, a leading data and analytics company, offers her view:“Kraft Heinz has stopped supplying products to Tesco in a disagreement over pricing, as a rise in energy and commodity prices combined with supply chain challenges are […]
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Top 20 global biopharmaceutical companies by market capitalization (quarter ended March 31, 2022), presented by GlobalData

The top 20 global biopharmaceutical companies by market capitalization (MCAP) experienced a favorable Q1 2022, despite global economic and financial market uncertainty. The majority of the top 20 global biopharmaceutical companies reported a 2.1% increase in aggregate MCAP, from $3.4 trillion on 31 December 2021 to $3.5 trillion as of 31 March 2022, according to […]
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Recovery for global auto market is on hold, says GlobalData

Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that UK car production was down 32.4% in first quarter; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view; “The SMMT UK output numbers show that we’re still in the grip of supply […]
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Apple’s Mid-Range 5G iPhone will be a boost to 5G adoption worldwide, as 5G services set to generate $644.6 billion by 2026, says GlobalData

Following today’s news (8 March) that Apple have announced its new 5G iPhone SE phone; Anisha Bhatia, Senior Technology Analyst at GlobalData, a leading data and analytics company, offers her view: “Apple’s newest 5G phone, the mid-range iPhone SE, will increase 5G adoption and help drive iPhones into emerging markets. The coverage of 5G networks […]
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Nike and adidas will be under pressure to sever links with Russian sporting bodies following IOC’s ban on Russian teams and athletes, says GlobalData

Following the news that the IOC has recommended banning all Russian and Belarusian athletes and teams following the invasion of Ukraine, Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view: “Nike, adidas and PUMA will find it hard to resist pressure to sever ties with Russian sporting organisations […]
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GlobalData partners with Snowflake to empower seamless access and delivery of its data

GlobalData’s Marketplace is now accessible via Snowflake’s cloud data platform, empowering seamless access and direct integration of GlobalData’s intelligence into customer applications and data operations.  London – February 21, 2022 – GlobalData Plc (LSE: DATA), a leading intelligence platform for the world’s largest industries, has announced a partnership with Snowflake, a premier data warehouse built […]
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Lithuanian defense spend to increase to $1.9 billion by 2026 as modernization program aims to protect country from a more assertive Russia, says GlobalData

The threat of Russian hostility and ongoing military activity on the Belarussian border is driving Lithuania to increase its defense military spend over the next 5 years to reach $1.9 billion by 2026, a compound annual growth rate (CAGR) of 7.26%, according to leading data and analytics company GlobalData. GlobalData’s latest report ‘Lithuanian Defense Market – […]
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2022 predictions: China to dominate super apps, data ownership in banking to be more transparent, and mobile wallet transactions set to exceed $266 billion in the US, says GlobalData

Digital technologies are causing disruption across banking and online payments. In its latest report, ‘Tech, Media, & Telecom (TMT) Predictions 2022’, GlobalData, a leading data and analytics company, finds that super apps, openness in customer data ownership, and Generation Hashtag will be key topics in fintech in 2022. As 2021 draws to a close, Amrit Dhami, Thematic […]
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2022 predictions: Further roll out of ‘explainable AI’, a future less dominated by big data, and more practical applications of AI lie ahead, predicts GlobalData

An increased use of explainable artificial intelligence (XAI) — a set of tools and frameworks that help to develop interpretable and inclusive AI models; the expansion of ‘unobtrusive AI’ — AI that can be integrated into software and play its role unobtrusively through autonomous behavior and feedback cycles; and big data’s domination of AI beginning […]
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The Netherlands’ general insurance industry to reach $98.38 billion in 2025 as private health insurance and pandemic recovery drive market, forecasts GlobalData

The Dutch economy saw 4% growth in 2021 as the country began to recover from COVID-19. Hot on its heels is the country’s general insurance industry, which is set for growth of 3.7% by the end of 2021, according to GlobalData. Looking ahead, the leading data and analytics company forecasts the sector to grow at […]
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Qatar Petroleum signed biggest long-term LNG contract with CNOOC while Tellurian Investments signed most contracted volumes in 2021, says GlobalData

The number of long-term contracts for liquefied natural gas (LNG) has increased in 2021, following a drop in 2020 when short-term spot contracts were favoured, according to GlobalData. The leading data and analytics company notes that 23 long-term contracts were signed by key purchasing companies in 2021, compared to 10 in 2020. Bhargavi Gandham, Oil […]
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Point-of-care gene sequencing will be key to getting out of the COVID-19 variant cycle, says GlobalData

Ending the pandemic quickly, will rely upon being able to track and trace COVID-19 variants and recognize their different genetic makeup, together with getting a full understanding of the genomic differences between those strains that infect vaccinated individuals, says GlobalData. The leading data and analytics company notes that point-of-care genomic sequencing projects such as the recent […]
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Insurance industry adoption of environmental, social and governance practices driven by long-term climate change, says GlobalData

Environmental, social and governance (ESG) practices have become more than a buzzword, with businesses across all market sectors including the insurance sector, making efforts to adopt and integrate ESG practices into their day to day operations, says GlobalData, a leading data and analytics company. A recent GlobalData insurance industry poll revealed that most respondents (21.6%) […]
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Worldwide social media users expected to grow to 4.4 billion by 2025, with use from sports fans and the sports industry rapidly increasing, says GlobalData

Out of the 4.7 billion internet users worldwide, a whopping 90% (4.2 billion) are active on social media, says GlobalData. The leading data and analytics company notes that the sports industry has greatly benefitted from the popularity of social media, as it allows sports fans to become more connected to their sport.GlobalData’s latest report, ‘Social […]
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Americans are projected to spend $160.1 billion on secondhand items in 2021, according to Mercari and GlobalData’s inaugural ‘Reuse Report’

US households are cluttered with 23.6 billion unused items, showcasing an abundance of supply for the circular economy. Mercari and GlobalData’s inaugural Reuse Report reveals that the secondhand market is expected to generate $160.1 billion in revenue this year. The total resale market has grown by 53.3% during the past five years, and findings suggest there is potential for […]
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UK joins global AI arms race with new ten-year plan as it targets slice of global AI platform revenues set to reach $52bn by 2024, says GlobalData

Global AI platform revenue will reach $52bn by 2024, up from $28bn in 2019. The UK is currently a laggard in AI as it has only made 2,525 patent publications in the last three years, compared to the US’s 103,871 and China’s 63,292. The UK’s ten-year AI plan shows signs of prioritising innovation over regulation […]
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Amazon to open New Zealand’s first data center with global market set to reach $948bn by 2030 as pandemic proves defining moment for cloud, says GlobalData

Data centers predicted to become a $948bn global industry by 2030 according to GlobalData Cloud data centres could become increasingly essential for Amazon to support the size and scale of the company’s day-to-day operations. Boosted by the pandemic, the global share of total data center traffic taken by the cloud is predicted to increase from 88% […]
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