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Frost & Sullivan Identifies New Growth Opportunities in a Contracting Global Economy – Canada NewsWire

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4 years ago

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“The global economy has already witnessed shallow V-shaped recovery from most historical health shocks such as SARS and MERS,” said Sambhavy Shrestha, economist, Emerging Market Innovation (EMI) practice at Frost & Sullivan. “While a wide V-shaped recovery from the COVID-19 crisis is expected, the delayed revival of global consumer demand will deter quick recovery of business sentiments and unemployment rates. As early signs of recovery in the global economy emerged by the end of Q2 2020 with easing lockdowns, historically high levels of government spending will remain pivotal for faster recovery.”

Shrestha added: “With the larger economy expected to remain contracted throughout 2020 and growth recovery to pre-crisis levels expected only in 2022, businesses need to adapt to long-term shifts in consumer spending patterns and workforce transformation. Export-oriented economies will face a severe decrease in demand and consequent reduction in government revenues, even after signs of global economic revival. Telehealth and similar minimum-contact services are well-positioned to grow in 2020, given the increased demand and government incentives for such industries.”

For further revenue opportunities, global businesses and industries should:

  • Relocate production from China to other emerging market alternatives such as Vietnam, Thailand, and Indonesia to leverage government incentives and other strategic advantages.
  • Look for cross-industry M&A opportunities within the private sector and increase public-private partnerships to meet the vast unmet demand gap for technologically advanced solutions to transition to the new normal.
  • Offer diversified and customized price plans for their services and products that fit the needs of consumers of varying economic strata as opposed to standardized options.
  • Leverage the historically low interest rates on credits to increase investments and optimize government tax incentives to invest in new product development and supply chain realignment.

New Trade and Supply Chain Mega Trends to Transform the Global Economy in 2020 is part of Frost & Sullivan’s global Emerging Market Innovation Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

New Trade and Supply Chain Mega Trends to Transform the Global Economy in 2020
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Economy

S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

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September 13, 2024

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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

Statistics Canada reports wholesale sales higher in July

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2 days ago

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September 13, 2024

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OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite up more than 150 points, U.S. stock markets mixed

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3 days ago

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September 12, 2024

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TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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