Coronavirus

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Article

Companies Eye Digital Tools for Supply Chain Fortification

Justinas Liuima

Justinas Liuima

27 Oct 21

Global manufacturing output has recovered from the initial shock of the Coronarvirus (COVID-19) pandemic, although supply chain disruptions and rising prices continue to weigh on companies. Moreover, transportation problems are expected to extend well into 2022 and hinder the performance of the manufacturing sector. To better shield from similar risks in the future, manufacturing companies are investing in digital tools. Production digitisation is anticipated to make supply chains more flexible, improve productivity and expand sales networks.

Podcast

Sustainability in Fashion: Intention vs Action

Amy Rollinson

Amy Rollinson

26 Oct 21

The aftermath of Coronavirus (COVID-19) has been characterised by stark tensions and contradictions. These range from social empathy and a sense of community to a “me first” attitude of self-interest; from risk aversion to compulsive behaviour; from cautious spending and “less stuff” to indulgence spending and comfort clutter. These choices and behaviours vary from individual to individual, but we are seeing consumers engaging with both sides of the trend. They are risk averse in some aspects of their lives whilst throwing caution to the wind in others. Fashion sees consumer interest peak in sustainable and ethical brands, while fast-fashion remains an affordable convenience for many.

Article

Global Economic Outlook: Q4 2021

Daniel Solomon

Daniel Solomon

21 Oct 21

The global economic outlook for 2021 has worsened moderately since mid-2021, offset by slightly more optimistic recovery forecasts for 2022. Global real GDP is now forecast to increase by 5.7% in 2021 (a 0.2 percentage point downgrade since July 2021), and by 4.8% in 2022 (a 0.2 percentage point improvement relative to the July 2021 forecast). Since July, real GDP growth forecasts for 2021 have been significantly downgraded for the US, Canada, China, India, and other Asia Pacific economies, such as Indonesia and Australia.

Article

Evolution of Physical Space in Retail and Hospitality

Nadejda Popova

Nadejda Popova

20 Oct 21

Physical spaces have long faced an existential threat from the rise of e-commerce and digital platforms offering quicker, often more agile offerings for a Millennial-driven audience of digital-savvy consumers. The pandemic, however, accelerated this shift in a very short period of time. Many outlets across retail, foodservice and travel were closed as businesses went bankrupt and realised that many of the older models no longer had a future in a post-pandemic market. Consumers, meanwhile, became even more familiar with the digital offerings increasingly available.

White Paper

Travel Rewired: Innovation Strategies for a Resilient Recovery

Caroline Bremner

Caroline Bremner

18 Oct 21

Be the first to read about Euromonitor International's new travel innovation research, which we are presenting at WTM London on 3rd November 2021. Pre-register to receive a copy of the white paper.

Article

グローバリゼーションリセット:なぜ今、グローバル戦略を見直す企業が増えているのか

Lan Ha

Lan Ha

15 Oct 21

新型コロナウイルス(COVID-19)は世界の接続性がいかに脆弱であるかを浮き彫りにし、グローバリゼーションのリセットに拍車をかけるとともに、国や企業に対して貿易、投資、経営方針の再考を促した。企業や投資家がグローバリゼーションの次のステージに備え、それがもたらす機会や課題に対策をとるためには、世界情勢を変えている要因や、グローバリゼーションがどのように変化しているかを理解することが重要となる。

Article

Immunity Receding, Mental Health Advancing to Drive Consumer Health in 2021

Matthew Oster

Matthew Oster

14 Oct 21

Global growth in consumer health is expected to reach 2% in 2021, up only slightly from 1.8% in 2020, as the fitful pace of reopenings over the course of 2021 allowed for marginal improvements in consumer spend in categories suppressed during the height of the pandemic in 2020. The persistence of the spread of Coronavirus (COVID-19) and the still-ongoing efforts to vaccinate consumers across the globe have limited the pace of growth in 2021.

Article

Travel Recovery: Peak Sales Not Expected to be Recouped until 2024

Caroline Bremner

Caroline Bremner

14 Oct 21

The travel industry has been decimated by the pandemic, being the first to close and the last to reopen. Euromonitor research forecasts that international tourism spending is expected to claw back some ground to reach USD635.4 billion in 2021. Nevertheless, it remains precariously 63% below 2019 levels in real terms.

Article

How Coronavirus has Impacted the Five Drivers of Megatrends

Alison Angus

Alison Angus

12 Oct 21

Coronavirus (COVID-19) has had a significant impact on socioeconomic and technological factors that shape consumer behaviour and disrupt businesses globally. Across industries and markets, organisations have had to navigate challenges and realign for a different future. Almost two years in, we explore how the health crisis and resulting global economic recession have changed the five drivers of megatrends.