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The constraints created by the COVID-19 pandemic are forcing manufacturers, suppliers and distributors across the world to revisit their global supply chain strategies and accelerate the adoption of digital technologies, says GlobalData, a leading data analytics company. Manish Dixit, Principal Disruptive Tech Analyst at GlobalData, comments: “Increasing labor shortages, forced closure of factories, disruptions in […]
Enhanced collaboration with Amazon to strengthen Toyota’s presence in mobility services, says GlobalData
Following the news that Japan-based Toyota Motor has expanded its global collaboration with Amazon Web Services with an eye on future car technology; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The collaboration is a key move, which takes Toyota closer towards its aspiration of transitioning […]
Artificial intelligence accelerates drug repurposing to find potential COVID-19 therapies, says GlobalData
Out of all the different approaches available to find new therapies to treat COVID-19, drug repurposing is one of the fastest and safest methods, as the drugs are already being used to treat other conditions therefore leading to fewer chances of adverse reactions. In particular, artificial intelligence (AI) holds significant promise for biopharmaceutical companies to […]
Struggling Australian economy to hurt life insurance sector, says GlobalData
Australia’s GDP is expected to fall by 3.75% in 2020 and consumer spending has been hit by rising unemployment. As a result, the life insurance segment in the country is projected to be adversely impacted by the negative outlook of the country’s economy, according to GlobalData, a leading data and analytics company. GlobalData forecasts the […]
Retail loans in Singapore to decline in 2020 due to COVID-19, says GlobalData
Singapore’s retail loans market is estimated to decline in 2020 due to the negative impact of COVID-19 on the country’s economy, according to the latest estimates by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Global Retail Banking Analytics reveals that Singapore’s retail loans outstanding is expected to decline by 2.5% in […]
General insurance industry in Japan to contract in 2020 due to COVID-19, says GlobalData
Japan’s general insurance industry is expected to contract by 0.9% in 2020, compared to the 1.7% growth registered in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised Japan’s general insurance forecast in the aftermath of COVID-19 outbreak. As per the latest data, Japan’s general insurance business is forecasted to grow […]
Despite posting impressive revenue growth in 2019, tough road ahead for top 20 APAC tech companies, reveals GlobalData
Software sales and advertising revenue were instrumental for the top 20 Asia-Pacific (APAC) technology* companies reporting an average revenue of over US$40bn and an average revenue growth of 4% in 2019. However, the going may get tough for them in 2020 due to the ongoing volatile geo-political situation and COVID-19, says GlobalData, a leading data […]
Japan’s economy set for marginal recovery in H2 2020, after record dip in real GDP in Q2 2020, says GlobalData
Following the news that Japan’s economy has contracted by 7.8% in the April-June 2020 quarter, the sharpest economic slump on record in the country’s modern history; Gargi Rao, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “The global pandemic has led most developed countries to revise down their real […]
E-commerce emerges as mainstream payment in Thailand amid COVID-19 crisis, finds GlobalData
E-commerce has been on a sustained growth for the last few years in Thailand. While Thailand is among the few countries globally that has been successful in combating COVID-19, the lockdown measures such as restricting the opening of businesses and retail stores have fast-tracked e-commerce growth, according to GlobalData, a leading data and analytics company. […]
COVID-19 to accelerate digital health adoption in South Korea, says GlobalData
South Korea is one of the few countries that has managed to contain the COVID-19 pandemic without imposing any serious restrictions on domestic and international mobility. This has been made possible with the use of technology for extensive testing, contact tracing and sharing essential information, according to GlobalData, a leading data and analytics company. GlobalData’s […]
Japanese consumers prefer electronic payments to cash amid COVID-19 outbreak, finds GlobalData
Japan is among the handful of countries that effectively controlled the COVID-19 pandemic with swift measures. A rise in consumer spending is expected with the country now moving towards normalization with the easing of restrictions, which in turn will support card payments growth, according to GlobalData, a leading data and analytics company According to GlobalData’s […]
GlobalData reveals top 10 travel and tourism influencers in Q2 2020
An analysis of GlobalData’s Travel and Tourism Influencer Platform, which tracks more than 200 leading industry experts and their discussions pertaining to the emerging trends, pain areas, new fields of innovation and other popular areas on Twitter, has revealed Jackie De Burca, Founder of travel community Travel Inspires, as the top influencer during the second […]
Deal activity in Asia-Pacific up by 23.2% in July, finds GlobalData
A total of 2,037 deals were announced in the Asia-Pacific (APAC) region during July 2020, which is an increase of 23.2% over the 1,653 deals announced during the previous month, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that the deal volume during the month remained […]
Data segment to drive mobile service revenues in Japan between 2019 and 2024, forecasts GlobalData
The mobile services revenue in Japan is set to grow at a compound annual growth rate (CAGR) of 6.8% from US$73.7bn in 2019 to US$95.4bn in 2024, primarily driven by the mobile data segment, according to the revised forecasts from GlobalData, a leading data and analytics company. GlobalData’s Japan Telecom Operators Country Intelligence Report highlights […]
Panic buying extends to life insurance amid COVID-19 fears in Australia, finds GlobalData
‘Panic’ buying extends to life insurance products in Australia as the number of Australians concerned about COVID-19 is on the rise again. However, trust in insurance providers remains low, says GlobalData, a leading data and analytics company. Data from GlobalData’s 2020 Global Wealth Managers Survey* shows that COVID-19 is driving demand for life insurance products […]
Sale of 2, 3-wheeler EVs sans batteries increase uptake and promote new business models, says GlobalData
Following the news that the Ministry of Road Transport and Highways India has allowed the sale and registration of electric two and three-wheelers without batteries; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “The cost of ownership, along with the availability of adequate charging infrastructure, is […]
Despite Japan’s efforts to revive travel and tourism industry, deal activity likely to remain subdued, says GlobalData
The global travel and tourism industry is among the worst hit due to COVID-19 pandemic and deal activity in the sector is muted. Japan too is not an exception, though the country seems to be keen on reviving the industry by introducing new initiatives. However, with the resurgence of new COVID-19 cases and mixed response […]
China’s economic recovery makes it attractive but presents challenges to foreign insurers, says GlobalData
China has emerged as the first country globally to post positive economic growth during the COVID-19 pandemic. The country is also expected to witness continued expansion of life and non-life insurance making it an attractive market for foreign insurers. However, it presents significant challenges to them, says GlobalData, a leading data and analytics company. GlobalData’s […]
Success of indigenous COVID-19 vaccines will make access easy and affordable in India, says GlobalData
India is making rapid progress in the development of indigenous COVID-19 vaccines. With increase in the number of COVID-19 positive cases, their success will make access easy and affordable for Indians, says GlobalData, a leading data and analytics company. Bharat Biotech (in partnership with Indian Council of Medical Research (ICMR)) and Zydus Cadila are leading […]
Japan’s plan to revisit tech goals offers opportunities for PE/VC firms, says GlobalData
Japan is renowned for technophilia. However, contrary to the general belief, Japan lags behind its Western peers. With digitization taking center stage in COVID-era, Japan is looking to close the gap. This could encourage domestic start-ups to work towards tech innovation in different fields, which in turn is expected to spur private equity (PE)/venture capital […]