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Following the news that Portugal has post-poned its 700MW auction until the market is less turbulent; Somik Das, Power Analyst at GlobalData, a leading data and analytics company, offers his view: “In a major blow to the nation, the coronavirus (COVID-19) pandemic has caused more than 4,200 deaths, which has made the market unpredictable. “That the […]
British American Tobacco to utilize tobacco leaves in new potential COVID-19 vaccine, says GlobalData
Following the news that British American Tobacco (BAT) is currently developing a potential coronavirus (COVID-19) vaccine made of tobacco leaves; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view on the development: “A key feature of this vaccine that sets it apart from others currently in development is that […]
Sales of N95 respirators in US healthcare institutions doubled between Dec 2019 and Jan 2020, says GlobalData
Heightened demand for N95 respirators means that product counterfeiting, faulty stock, and price gouging are ongoing issues, says GlobalData, a leading data and analytics company. Alison Casey, Medical Device Analyst at GlobalData, comments: “GlobalData estimates that sales of N95 respirators in US healthcare facilities more than doubled between December 2019 and January 2020 to surpass […]
Royal Caribbean CEO pay cut highlights the financial burden of COVID-19, says GlobalData
Following the news that top bosses at Royal Caribbean Cruises are taking six-month pay cuts amid the coronavirus (COVID-19) crisis; Ben Cordwell, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “The current COVID-19 outbreak is putting enormous financial strain on all companies operating within the cruise sector. […]
Investors unlikely to commit exploration budget to licensing rounds in near term due to coronavirus, says GlobalData
Investors have not faced both a decrease in global oil demand and a significant and potentially prolonged increase in oil supply at the same time before, which has created unparalleled uncertainty. To manage their exposure, many exploration and production (E&P) companies, including major operators, have pledged to reduce capital expenditure (CAPEX) budgets for 2020 by […]
Coronavirus pandemic disrupts the global solar PV supply chain, says GlobalData
The disruption caused by the coronavirus (COVID-19) pandemic on Chinese solar photovoltaic (PV) manufacturing companies has prompted a major jolt on the global solar PV supply chain. The resulting shortage of PV components is disrupting the industry at a global level, says GlobalData, a leading data and analytics company. Somik Das, Senior Power Analyst at […]
Home Depot’s digital-physical integration strategy stacking up on sentimental growth, says GlobalData
On the back of comparable sales growth* driven by its strategy to unify digital and physical shopping, Home Depot witnessed double digit sentiment growth in the fourth quarter (Q4) of 2019, says GlobalData, a leading data and analytics company. GlobalData’s Company Filing Analytics platform found that Home Depot’s overall sentiment score grew 16% in Q4 […]
Sentiments remained low for Target due to weak comparable sales growth in Q4 2019, says GlobalData
The US tourism & leisure industry saw a drop of 18.9% in overall deal activity during February 2020, when compared with the last 12-month average, according to GlobalData’s deals database. A slow holiday comparable (comp) sales growth coupled with mismanagement of inventories during the fourth quarter (Q4) of 2019 affected sentiments for the US-based retailer, […]
Abbott stock soars with release of five-minute coronavirus test, says GlobalData
Following the launch of Abbott Laboratories’ rapid coronavirus (COVID-19) test; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Abbott Laboratories’ rapid, point-of care (POC) COVID-19 test caused company shares to soar. This is by far the fastest COVID-19 test currently on the market with no competitors within […]
US may not be able to purchase more N95 respirators from 3M Co, says GlobalData
President Trump invoked the Defense Production Act yesterday in an attempt to obtain more N95 respirators produced by 3M Co, which are capable of protecting healthcare workers and first responders from the coronavirus (COVID-19); Alison Casey, Medical Devices Analyst at GlobalData, a leading data and analytics company, said: “Due to global shortages, 3M Co have […]
Despite US expanding coronavirus testing to 100,000 each day, lab testing expected to face serious roadblocks, says GlobalData
Following the US’ increase in coronavirus (COVID-19) testing capacity; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “In the past week, the US has utilized a mix of public and private labs to expand its testing capacity to 100,000 tests per day. Yet, per capita, that is […]
EU’s response to coronavirus could set it up for long-term success, says GlobalData
Following the news that the EU council will not abandon the principles of the Green Deal in its fiscal response to the coronavirus (COVID-19) pandemic; Ella Benson Easton, Thematic Analyst atGlobalData, a leading data and analytics company, offers her view: “Integrating the green transition and digital transformation into Europe’s economic recovery could be crucial for […]
Healthcare sector deal activity showcases resilience amid coronavirus crisis, says GlobalData
A total of 152 deals were announced in the global healthcare sector, including pharmaceuticals and medical equipment, during the week ended March 29, which represents an increase of 23.6% over the 123 deals announced the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Analyst at GlobalData, comments: “While deal activity remained subdued globally on […]
Coronavirus creates supply chain and workforce management challenges for oil and gas EPC projects, says GlobalData
Following the coronavirus (COVID-19) outbreak, China – the world’s biggest importer of crude oil – has been forced to cut down on consumption. The resulting oil price crash is having a cascading effect on forward and backward industrial supply chains, as well as oil and gas projects across the value chain. These are likely to […]
Pneumococcal vaccines market set to reach $6.24bn by 2028, says GlobalData
Thepneumococcal vaccines market is expected to grow from $5.11bnin 2018 to $6.24bnin 2028across the nine major markets (9MM*) at a compound annual growth rate (CAGR) of2%. With the launch and uptake of vaccines with improved serotype coverage in most markets, this growth will be driven largely by changes in populations and pricing increases of new […]
Retail sector witnesses growth in deal volume, says GlobalData
The number of deals announced in the global retail sector increased by 29.4% during the week ended March 29, 2020, compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Analyst at GlobalData, comments: “While deal activity remained subdued globally on the back of volatile market conditions due to the outbreak of the […]
Sharp market falls will underpin calls for auto industry support, says Globaldata
Following the news that the French car market was down on last year by 72% in March; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his views: “The dramatic French car market decline for March illustrates the depth of the crisis faced by the automotive industry – especially in Europe […]
British Airways furlough a sad but necessary step, says GlobalData
Following the news that 36,000 British Airways (BA) staff are expected to be furloughed as a result of the coronavirus (COVID-19); Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “These reports come as no surprise and are just the latest […]
Construction industry outlook looks increasingly bleak across UK and Ireland, says GlobalData
With UK and Ireland construction firms announcing site closures, project delays and profit warnings amid the coronavirus (COVID-19) outbreak; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view on the challenges facing the industry: “As the virus outbreak worsens in the UK and Ireland, several contractors have announced site closures […]
Insurance providers decision to withdraw cover creates another barrier for future travel, says GlobalData
Following the news that more insurance companies are withdrawing travel cover related to the outbreak of the coronavirus (COVID-19); Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “Travel insurance providers are under colossal pressure, as are all travel related industries, yet the decision […]