Frost & Sullivan Identifies and Analyzes Mega Trends Transforming the U.S. Through 2030

By Staff
Tuesday, September 21, 2021 2:55 PM Frost & Sullivan’s recent analysis, Transformative Mega Trends in the United States through 2030, examines the complex intersections of social, education, work, political, economic, and urbanization trends set to converge in the next decade. Social trends will be the biggest drivers of disruption, including the evolution of millennials, the rise of Gen Z, growth of the elderly demographic, expanding Hispanic and Asian populations, and income divides.

Taking a Closer Look at Amazon and How Fast its Business Units May Grow

By Staff
Friday, September 17, 2021 11:11 AM NEW YORK—When Amazon starts a new business, it usually causes a wave of concern among competitors, who have been known to scrap business plans and revise their strategies. To get a closer look at where Amazon is heading, eMarketer recently examined 19 of Amazon’s divisions to “help parse how the company fuels its flywheel to keep driving the virtuous cycle.”

Among the findings: Amazon joined the $1 trillion market cap club in early 2020 and has the first-mover advantage for several businesses, most notably as a commerce platform and a marketing powerhouse.

The research firm now forecasts that Amazon’s share of U.S. e-commerce sales in 2021 will be 41.4 percent, which leads the No. 2 player Walmart with its 7.2 percent market share.

According to CNBC, Amazon’s revenues per minute were about $837,000  in the first quarter of 2021, while Apple was second  with $691,000 per minute.

Noting the growth of Amazon Prime, eMarketer said it now forecasts that well over half (63.4 percent) of all U.S. households will use Amazon Prime this year. For perspective, eMarketer noted that in 2016, just 35.6 percent of U.S. households subscribed to the Prime service.

Majority in U.S. Says Public Health Benefits of COVID-19 Restrictions Worth the Costs, Despite Downsides

By Staff
Thursday, September 16, 2021 3:09 PM More than a year and a half into the coronavirus outbreak, large shares of Americans continue to see the coronavirus as a major threat to public health and the U.S. economy. And despite widespread vaccination efforts, 54 percent of U.S. adults say the worst of the outbreak is still to come, according to a new national survey by Pew Research Center.

The toll of restrictions on public activities in order to slow the spread of the coronavirus is deeply felt across groups: Overwhelming majorities say restrictions have done a lot or some to hurt businesses and economic activity and keep people from living their lives the way they want. Smaller majorities say these restrictions have helped at least some to prevent hospitalizations and deaths from the coronavirus and to slow the spread of the virus.

Still, when asked to issue an overall judgment, Americans on balance view the public health benefits of these restrictions as having been worth the costs (62 percent to 37 percent).

The survey revealed that 73 percent of those ages 18 and older say they’ve received at least one dose of a vaccine for COVID-19, with the vast majority of this group saying they have received all the shots they need to be fully vaccinated. About a quarter of adults, 26 percent, say they have not received a vaccine.

Click here to read the full story from the Pew Research Center.

Retail Imports Remain Strong But Growth Slows as COVID-19 Disruptions Continue, Report Says

By Staff
Wednesday, September 15, 2021 4:27 PM WASHINGTON—Double-digit growth in imports at the nation’s largest retail container ports is slipping to single digits as pandemic-related supply chain disruptions around the world continue, according to the monthly Global Port Tracker report released last week by the National Retail Federation (NRF) and Hackett Associates.

“Year-over-year growth isn’t as dramatic as it was earlier because we’re now comparing against months when most stores closed by the pandemic last year had reopened and retailers were stocking up again,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We expected that. But we’re seeing issues ranging from port closures in Asia to ships lined up waiting to dock at U.S. ports.

U.S. ports covered by Global Port Tracker handled 2.19 million Twenty-Foot Equivalent Units in July, the latest month for which final numbers are available. That was up 2 percent from June and up 14.2 percent from a year earlier. A TEU is one 20-foot container or its equivalent.

Ports have not reported August numbers yet, but Global Port Tracker projected the month at 2.27 million TEU, which would be up 7.8 percent year-over-year. That would be the busiest August on record. But it would fall short of the 2.37 million TEU forecast for August a month ago, which would have broken May’s record of 2.33 million TEU for the largest number of containers imported during a single month since NRF began tracking imports in 2002. Click here to read the full story from the NRF.

Talent Shortages Are Biggest Barrier to Emerging Technologies Adoption, Gartner Survey Reveals

By Staff
Tuesday, September 14, 2021 10:11 AM IT executives see the talent shortage as the most significant adoption barrier to 64 percent of emerging technologies, compared with just 4 percent in 2020, according to a new survey from Gartner, Inc. A lack of talent availability was cited far more often than other barriers this year, such as implementation cost (29 percent) or security risk (7 percent).

Talent availability is cited by Gartner as a leading factor inhibiting adoption among all six technology domains.

Survey Finds That Health Organizations Can Benefit by Increasing Focus on Environmental, Social and Governance

By Staff
Monday, September 13, 2021 1:42 PM Providers, payers and pharmaceutical and life sciences organizations have historically embraced the social pillar of environmental, social and governance (ESG) efforts, caring for patients and creating medications, vaccines and devices that improve human health and save lives. A recent survey by PwC’s Health Research Institute (HRI) found that 77 percent of respondents said that since January, 2020 social concerns are a key focus of their efforts; 12 percent pointed to environmental issues and 11 percent indicated governance is important.

Consumers Likely to Continue E-Commerce Shopping via Subscription Models, Report Says

By Staff
Friday, September 10, 2021 11:35 AM NEW YORK—With retailers mulling new or updated strategies for the second half of the year and beyond, they will need to gain greater understanding of which consumer behaviors have shifted permanently, which will revert to those of pre-pandemic times, and which will settle somewhere in the middle, according to a recent eMarketer analysis of shopping trends.

One segment of e-commerce that retailers can look further into is subscriptions—an especially helpful retail model for replenishment items (for example, consumer packaged goods or beauty and personal care items). Subscription ecommerce sales took off amid the crisis, with 41 percent growth, according to eMarketer’s estimates. And the research firm now expects that 3 percent of U.S. retail e-commerce sales will come from subscriptions in 2021, totaling $27.7 billion and up more than $10 billion from just two years ago.

This trend is reflected in the report “FutureBuy 2021,” a study from GfK, which found that 23 percent of respondents (a 7 percentage-point increase over 2020) said they are trying and are likely to continue shopping via subscription services. When broken down by generation, 34 percent of millennials (up by 16 percentage points) said they are likely to continue this shopping behavior. That was the highest percentage among all cohorts, followed by Gen Xers at 24 percent.

9/11 Illnesses Still Have a Devastating Impact on Firefighters

By Staff
Thursday, September 9, 2021 10:07 AM In July 2019, officials in New York reported that 200 firefighters had died from illnesses related to the terrorist attacks on September 11, 2001. Richard Driscoll was named as the 200th firefighter to die from a World Trade Center-related illness. He served in the FDNY for 32 years and was cited for bravery five times before he retired from Engine 91 in East Harlem in 2002.

Fire Commissioner Daniel Nigro said that "it is almost incomprehensible that after losing 343 members on September 11, we have now had 200 more FDNY members die due to World Trade Center illness." The Centers for Disease Control and Prevention said that exposure to the attacks has resulted in a range of health conditions from traumatic injuries to diseases of the respiratory and digestive systems.

The following infographic from Statista.com provides an overview of the increasing numbers of FDNY personnel dying from illnesses due to 9/11. The data is from the Uniformed Firefighters Association of New York who, as of September 6, 2021, now list a total of 250 FDNY deaths from 9/11 illnesses. Tomorrow marks the 20th year since the terrorist attacks.

Despite the Pandemic, Wage Growth Held Firm for Most U.S. workers, With Little Effect on Inequality

By Staff
Wednesday, September 8, 2021 3:30 PM Despite the severity of the shock to the U.S. labor market from the coronavirus pandemic, the earnings of employed workers overall were largely unaffected by the pandemic. Inequality in earnings did rise during last year’s recession, if the unemployed are assumed to have had no compensation. Even so, the spike was relatively short-lived, in keeping with the record low duration of the recession, according to a new Pew Research Center analysis of government data.

Earnings overall have held steady through the pandemic in part because lower-wage workers experienced steeper job losses. Thus, the typical employed worker in 2020 earned more than the typical employed worker in 2019. A slowdown in inflation in 2020 benefited all workers, boosting the purchasing power of their earnings. While unemployed workers lost their earnings, at least some relief came through unemployment insurance, a federal package known as the CARES Act and a moratorium on residential evictions. 

As the pandemic struck, lower-wage workers proved most likely to experience a job loss. The shift toward higher-wage workers among the employed helped to raise the median hourly wage to $23 in the second quarter of 2020.

Click here to read the full story from Pew Research Center.

Gartner Survey Shows How Employee Burden Leads to More Compliance Failures

By Staff
Tuesday, September 7, 2021 12:50 PM Compliance teams that don’t embed their controls into employee processes face a significantly higher rate of compliance failures, according to a survey by Gartner, Inc. The survey of 755 employees in April 2021 found these failures linked to unnecessary compliance burdens for employees.

Thirty-two percent of employees surveyed said they couldn’t find relevant information when they missed a compliance obligation. An additional 20 percent didn’t recognize information was even needed, and 19 percent simply didn’t remember.

AAA Sees a Rebound in U.S. Automobile Travel for Memorial Day Weekend

By Staff
Friday, September 3, 2021 12:00 PM Having just passed Labor Day, Memorial Day may seem like a distant memory. But the Automobile Club of America, which tracks automobile travel, has produced some statistics that bring into focus a picture of what U.S. travelers were doing at the unofficial start of the summer season. Citing AAA’s stats, eMarketer’s Sarah Lebow noted that after seeing just 23.1 million U.S. travelers in 2020, the Memorial Day weekend rebounded somewhat this year.

Double-Digit Gains Push LinkedIn Toward $2 Billion Mark in B2B Digital Display Advertising Revenue

By Staff
Thursday, September 2, 2021 11:33 AM NEW YORK—A few marketing and media groups had notable business performances in 2020, in spite of the COVID-19 pandemic that slowed commerce across the world. One of these firms was LinkedIn, which had “a very strong 2020, during which its total ad revenues grew 31.3 percent,” according to a recent analysis by eMarketer. The research firm said this sales gain was “driven by [LinkedIn’s] marketing solutions as B2Bs focused on targeting audiences working from home.”

In the coming years, the professional networking site will continue to see U.S. display ad spending increase from $1.29 billion in 2020, holding onto a little over one-third of the U.S. B2B digital display ad market, according to eMarketer’s recent review of the B2B marketing sector.

Looking ahead, eMarketer forecasts that LinkedIn will cross the $2 billion sales threshold for B2B display ad revenue in 2023, though its share will fall slightly as B2B advertisers continue to diversify digital ad spending.

The eMarketer full report on B2B advertising can be reviewed here.

Unpredictable Danger: Hurricane Seasons Since 1967

By Staff
Wednesday, September 1, 2021 2:46 PM The National Oceanic and Atmospheric Administration predicts an active Atlantic hurricane season for 2021 and expects six to ten hurricanes to occur during the year, with three to five of those likely to become major hurricanes of Category 3 or above on the Saffir-Simpson scale. So far, four hurricanes have formed over the Atlantic basin in 2021. 

The latest—and strongest—of the ongoing season was Hurricane Ida, which made landfall in Louisiana Sunday night, causing evacuations, flooding and power cuts. The latter were especially devastating as many COVID-19 patients on ventilators are currently filling hospitals in the state. 

Ida was classified as a category 4 hurricane, the second major hurricane of the season after Hurricane Grace, which hit the Mexican state of Veracruz as a category 3 storm. Click here to read the full story from Statista.com.

New Study Probes Consumer Attitudes Toward Digital Advertising

By Staff
Tuesday, August 31, 2021 11:08 AM About half of adult U.S. internet users say that when brands use their data in advertising, it helps them discover (50 percent) and find (49 percent) products and services that interest them—but 44 percent said this often feels invasive, according to a March 2021 survey by the marketing agency Merkle.

The survey results were cited in a recently eMarketer.com article that observed that most consumers now proactively avoid advertising, whether by using ad blockers, paying for ad-free digital media experiences, or skipping ads.

Tracking the Rise of Teleconsultations

By Staff
Monday, August 30, 2021 10:35 AM In the last few years, an increasing number of patients have eschewed in-person medical consultations in favor of teleconsultations—medical consultations performed through dedicated healthcare portals and apps, and/or consumer videocalling platforms such as WhatsApp, Zoom, and Skype, Juniper Research noted in a recent whitepaper, “The Doctor Is Always In: How Teleconsultations Improve Patient Care.”

This adoption rate, however, was significantly accelerated in 2020 by the advent of COVID-19, which left many people unable to access health resources.