Global Economic Forecasts: Q1 2023
Euromonitor International
Economic uncertainty is expected to continue throughout 2023. But some economies like the US have been more resilient than anticipated from a result of a strong labour market.
Top Three Opportunities for Eating Occasions at Home
Emil Fazira
The eating at home business – an estimated total of retail packaged food and delivery/takeaway foodservice sales combined – has surged as an effect of the pandemic, and it is offering more options for consumers. In 2022, it was a USD3.8 trillion market and estimated to cross USD4.6 trillion by 2027.
Global Economic Outlook: Q1 2023
Lan Ha
At the outset of 2023, the global economy has seen some positive signs as inflation and energy prices ease from their peak levels. China’s end of zero-COVID policy also provides some growth impulses, though its full impact has not yet been unfolded. Nevertheless, the global macroeconomic environment remains challenging for economies, business and consumers in the year ahead.
As Foodservice Recovers, What Can Food Retail Do?
Andres Chehtman
Global foodservice transactions continue to recover in 2022 from the strong decline of 2020. In this article we show the reasons for the recovery, such as the desire to enjoy life and the rise of ordering food for home delivery, and what can packaged food companies do in light of the recovery of foodservice.
Five Trends Driving Fresh Food
Anje du Plessis
Fresh food retained its positive performance in 2022 with retail volume driving growth, thanks to healthy eating being a key motivator as the world emerges from the COVID-19 pandemic.
Global Economy 2023 Q&A: Outlook Shaped by Geopolitical Risks, Inflation and End of China's Zero-COVID Policy
Maxim Hofer
Our recent webinar Global Economy 2023 discussed the outlook for the global economy this year. We have received a significant amount of questions, not all of which could be addressed during the live Q&A session. This article provides some of the highlights.
China's International Travel Recovery Takes Off
Alex Jarman
China is a critical market for global travel. In 2019, outbound Chinese travellers spent more than USD133 billion, the second highest amount globally. A major obstacle to the global travel industry’s recovery from the pandemic has finally been removed. On 8 January 2023, China eliminated most travel restrictions following the end of its ‘zero-COVID’ policy. Read on to find out more.
Kidults in Southeast Asia Are Driving Sales of Toys and Games
Jason Tjiptadi
The pandemic has impacted the traditional toys industry unfavourably in Southeast Asia, except for Singapore. This is a striking difference from other regions where a prolonged stay at home period and travel restrictions have is due mainly to economic strain which stopped consumers from purchasing non-essential goods, and the exponential rise of free-to-play video games. Despite the challenging environment, the toy industry in the region remains afloat and can look forward to the future, because of ‘kidults’.
The Impact of Hybrid Working on Travel and Leisure
Alexander Göransson
The fourth in a series exploring the impact of hybrid work on Western European industries, this episode explores the opportunities for destinations and brands in the growing "Bleisure Travel" market.