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COVID-19 has seen remote working become the new normal for many employees and data from a poll by GlobalData shows that 46% would look for a mix of remote and office-based working once lockdown measures are eased, while 27% would prefer to work remotely full-time if they are given the choice. There is clearly considerable […]
Subsea production systems expand boundaries of deepwater hydrocarbon E&P, says GlobalData
Subsea technology has drastically improved in the last two decades in terms of functionality and reliability, with notable strides made in areas such as subsea processing, subsea storage, subsea-to-shore and power distribution. This has enabled upstream companies to expand the scale of their deepwater projects, says GlobalData, a leading data and analytics company. GlobalData’s latest […]
COVID-19 pandemic severely impacting aesthetic implant market, says GlobalData
Nearly one quarter of revenue from aesthetic implants in the US will be lost in 2020 due to the COVID-10 pandemic, as most procedures are considered to be elective and non-essential, according to GlobalData, a leading data and analytics company. Eric Chapman, Medical Devices Analyst at GlobalData, says: “GlobalData estimates an overall reduction of 24.1% […]
COVID-19 is double-edged sword for CBD-containing product launches, says GlobalData
Recent launches of products containing cannabidiol (CBD) are well aligned with the consumer health and wellness trends that are developing in response to COVID-19. However, the potential growth of these products is slowed by consumer’s distrust of the unfamiliar, according to GlobalData, a leading data and analytics company. Health and wellness has consistently been the […]
UK home cooking trends pose a threat to restaurant takeaway and delivery, says GlobalData
COVID-19 has dramatically reshaped the UK’s dining culture. With many consumers adopting a more a home-centric lifestyle, much of the population turned to the kitchen both as a creative outlet and financially viable option for their culinary needs during lockdowns. However, the UK restaurant industry did not see such positive developments and the industry is […]
Weatherford’s underperformance and financial stress leaves company highly exposed to 2020 turmoil, says GlobalData
Weatherford International is expected to be one of the most highly impacted of the major oil field service providers as a result of COVID-19 and weak commodity prices, says GlobalData, a leading data and analytics company. After seeing a recovery in service costs and an increase in activity over the last few years, the 2020 […]
More than half of non-alcoholic steatohepatitis cases go undiagnosed, says GlobalData
In the seven major pharmaceutical markets (7MM*), less than half of non-alcoholic steatohepatitis (NASH) cases were diagnosed in 2019, says GlobalData, a leading data and analytics company. Increased physician awareness and the implementation of systematic screening programs that are more widely received will likely help to close the gap between diagnosed and undiagnosed cases. The […]
Hydrogen to become game changer as large-scale source of cleaner power, reveals GlobalData
Hydrogen is likely to play a crucial role in clean energy transition in sectors such as transportation, buildings and power generation. Interest in the use of hydrogen technology is increasing in a range of niche transport market segments, besides other applications. In the short to medium term, hydrogen technology could be used to replace compressed […]
Finland decarbonises energy market by increasing nuclear and renewable plants, says GlobalData
Finland is one of the few countries in the EU that is investing heavily in nuclear power generation technology along with renewable power generation, and this is expected to provide substantial support for the nuclear sector, says GlobalData, a leading data and analytics company. Renewable power capacity (excluding hydropower) in the country has increased from […]
Robo-advice to take center stage during COVID-19 crisis, says GlobalData
Robo-advice is increasing among all age groups, according to a survey by GlobalData*. In the US, the number of baby boomers using a robo-advisor rose from 7.2% in 2019 to 7.8% in 2020. On the other end of the age spectrum, in 2019 only 13.6% of Generation Z used robo-advisors, but 16.4% are users in […]
COVID-19 increases cyber risks but creates grounds for growth, says GlobalData
COVID-19 has highlighted the challenges faced by those in the cyber insurance market, but there is still a considerable opportunity to grow the market despite the changing risk landscape, according to GlobalData, a leading data and analytics company. GlobalData’s 2019 UK SME Insurance Survey indicates that only 18.8% of SMEs held a standalone cyber insurance […]
Ventilator industry gears up for second wave of COVID-19 outbreaks, says GlobalData
Following reports that the second wave of COVID-19 is almost inevitable towards the winter, the ventilator industry is working with government and third-party partners to prepare for the potential shortage. GlobalData expects the market will reach $5.2bn by end of 2020, expanding more than four times compared to 2019. Tina Deng, MSc, Senior Medical Devices […]
Long-term complications for COVID-19 patients could place a strain on the healthcare system, says GlobalData
Long-term complications arising in COVID-19 patients after recovering from the initial illness are expected to increase healthcare costs in the long-term. Complications such as stroke, intensive care unit delirium, post-traumatic stress disorder (PTSD), lung and heart damage and neurological issues may see a rise, as well as the development of long-term lung damage and fibrosis […]
Leading French insurers reliant on life insurance premiums, says GlobalData
France’s top ten insurers overwhelmingly depend on the life insurance sector for their premiums, generating 84% of their business from this area. This leaves them exposed to high claims as a result of the COVID-19 pandemic, according to GlobalData, a leading data and analytics company. GlobalData analyst, Ben Carey-Evans, commented: “Of the top ten insurers […]
Danish insurers protected by low infection rate, but recession remains a threat, says GlobalData
Denmark’s top ten insurers overwhelmingly depend on the life insurance sector for their premiums, which could lead to increased claims and reduce their ability to invest premiums, according to GlobalData, a leading data and analytics company. Eight of the leading insurers in the country have in excess of 90% of their premiums in the life […]
New opportunity for insurers as COVID-19 leads to e-scooter trials in the UK, says GlobalData
That rental e-scooters are now classed as motor vehicles in the UK represents a significant opportunity for insurers. Commuters are likely to avoid wanting to take public transport while the COVID-19 pandemic is still around, so this should be a key growth area in the immediate future. Findings from GlobalData’s report, Thematic Research: Sharing Economy […]
Further cuts to MENA construction sector expected for 2020 as region hit with triple whammy, says GlobalData
The Middle East and North Africa (MENA) construction sector is expected to be bit by the triple whammy of lower oil production, low oil prices and contracting non-oil sectors. Leading data and analytics company GlobalData has further cut its construction output growth forecast for the region for 2020 to -2.4%, down from the previous forecast […]
Volatile MCap changes illustrate tourism sector uncertainty amid COVID-19, says GlobalData
Rapid changes in market cap (MCap) in the tourism sector illustrates that the current external business environment has created mass uncertainty for companies, consumers and investors, all fueled by the COVID-19 pandemic. Collective volatility in MCap also denotes the interdependency of tourism sub sectors faced with the same challenges says GlobalData, a leading data and […]
‘Super Saturday’ is a pivotal turning point for pubs to build sustained sales post-pandemic, says GlobalData
The UKs nightlife is forecast an alarming £10bn loss by the end of 2020* as a result of COVID-19 lockdowns. For this reason, July 4th, which has been dubbed ‘Super Saturday’ as pubs and bars reopen their doors, marks a potential turning point for the industry. As consumer confidence is currently volatile, operators must use […]
Freshfields Bruckhaus Deringer was top M&A legal adviser by deal value for H1 2020, says GlobalData
Freshfields Bruckhaus Deringer was the top mergers and acquisitions (M&A) legal adviser in the first half (H1) of 2020 based on deal value, having advised on 64 deals worth US$112.8bn, according to GlobalData, a leading data and analytics company. Skadden, Arps, Slate, Meagher & Flom occupied the second position with 72 deals worth US$110.2bn followed […]