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Industry Roundup |
Consumer Economics
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Household product makers using price tactics to prevent shoppers from seeking budget options as inflation hits; Clorox, Church & Dwight, P&G, Colgate among firms strategizing price hikes and discounts, promoting product quality while reducing pack sizes
International Business Times (07/25)
S&P Global Flash Eurozone PMI in July down to 49.4 from 52.0 in June, steepest decline in Germany where PMI fell to 48; decline due to accelerating downturn in manufacturing and a near-stalling of service sector growth, as cost of living continued to rise
Markit Economics Ltd. (07/25)
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Consumer Health & Wellness
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Restaurants in Japan increasing their offerings of dishes made only with plant-based ingredients as more consumers express concern about their health and the environment, according to new research
NHK World (07/25)
Non-profit Lee Health partners with Health Recovery Solutions to expand virtual care services to decrease hospital readmissions, unnecessary ED visits; participants receive 4G tablet, biometric monitoring devices, with Lee Health monitoring patients daily
PR Newswire (07/25)
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Consumer Lifestyle
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Euromonitor: More home-centric lifestyles here to stay post-pandemic; businesses may have to rethink strategies, business models to reach consumers at homes, such as more direct-to-consumer selling, creating at-home activities and consumption occasions
Euromonitor International Ltd. (07/19)
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Consumer Behavior/Attitudes
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Walmart is taking pricing actions to cut excess inventory, particularly apparel, at its US Walmart, Sam's Club stores as inflation changes spending habits; company says Q2 EPS could now fall as low as 9%, previously guided to be flat or up slightly
Investing.com (07/25)
Global ocean freight market continues to see shortages, unreliability of shipping services, containers, as well as port congestion; inflation, high interest rates, particularly in North America, suppress consumer confidence, says Transport Intelligence
Logistics Management (07/25)
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Health Concerns, Trends & Statistics
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Pfizer announces Prevnar 20 pneumococcal 20-valent conjugate vaccine now available in Canada; streptococcus pneumoniae is a main cause of bacterial community-acquired pneumonia in Canada, with 6.4% fatality rate
Canada Newswire (07/25)
FDA grants breakthrough device designation to Roche’s Elecsys Amyloid Plasma Panel test that detects, measures Alzheimer’s disease biomarkers in blood plasma; 75% of people living with dementia symptoms have not been diagnosed
Contify Life Science News (07/21)
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Health
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Cardiovascular/Heart Health
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Royalty Pharma buys royalty rights to GSK’s Trelegy Ellipta fluticasone furoate, umeclidinium, vilanterol from Theravance Respiratory for US$1.6B; Trelegy treats chronic obstructive pulmonary disease and asthma, had 2021 sales of US$1.7B
SeeNews Pharmaceuticals (07/19)
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Dental & Oral Health
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Natural pet treats startup Dogsee launches dog hygiene products, including Dogsee Veda, Dogsee Singles and Dogsee Play Treatoy; Veda focuses on natural shampoos, while Singles is an organic hard chew bar and Play Treatoy is a toy, treat and teeth-cleaner
Asian News International (07/25)
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Digestive/Gut Health
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Colon cancer survival rates five years after diagnosis in people 50 years old or younger improve to 70% in white patients, drop to 58% in Black patients; early onset colon cancer increasing, now makes up 10% of colon cancer cases: study
The Breeze (James Madison University (07/19)
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Fertility/Reproductive Health
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Global in-vitro fertilization services market expected to reach US$1.2B by 2028, with 8.9% CAGR growth from 2022-2028; growth driven by new technologies, lower conception rates, shifting lifestyles, reproductive diseases
ReleaseWire (07/22)
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Women's Health Issues
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US District Court finds injectable breast cancer drug Enhertu trastuzumab deruxtecan developed by Daiichi Sankyo and AstraZeneca infringes on patent owned by US biotech firm Seagen; Daiichi Sankyo ordered to pay damages of US$41.8M
SeeNews Pharmaceuticals (07/22)
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Health Studies
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14.1% of insulin users in US, or about 1.2 million people, spent over 40% of their post-subsistence incomes on insulin in 2017 and 2018; nearly two-thirds were Medicare beneficiaries, with Medicaid beneficiaries 61% less likely to be affected: study
The Breeze (James Madison University) (07/21)
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Home Use/Self-Care
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J&J reports Q2 net earnings down 23.3% at US$4.8B, with sales up 3% to US$24.0B; US consumer health sales down 3.6% to US$1.7B, US pharmaceutical sales up 4.2% to US$7.2B, US MedTech sales up 1.6% to US$3.4B
Business Wire (07/20)
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Foodborne Illnesses
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Eat Just recalls its Just Egg Chopped Spring Greens product because of potential listeria contamination; the product was distributed in five US states: Arizona, California, Oklahoma, Louisiana and Texas
CE Noticias Financieras (07/22)
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Nutritional
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Healthy Foods & Beverages
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Study finds attitude, social norms, perceived behavioral control affect consumers' intention to consume perceived inedible parts of fruits, vegetables; attitude is best predictor, while perceived edibility, sustainability, health benefits improve attitude
Food Quality and Preference (07/20)
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Vitamins/ Supplements
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BASF to expand vitamin A formulation capacities at Verbund site in Ludwigshafen, Germany, starting in mid-2023; expansion supports production of powdered vitamin A products for animal nutrition
BASF SE (07/21)
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Demographics
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Millennials & Gen Z
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McKinsey finds workers aged 18-34 are nearly 60% more willing to quit than their older peers if choice of remote work is taken away; ManpowerGroup study finds industries with jobs that can't be done from home are falling out of favor with recent graduates
The Economist (07/22)
Forbes: New menu category war could be chicken nuggets, which can drive traffic, especially millennials, busy consumers with kids; Chick-fil-A, McDonald's and Wendy's have sold nuggets for years, but now more chicken chains are trying out nuggets
States News Service (07/20)
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Children
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Albertsons integrates EBT SNAP benefits into same-day grocery delivery and curbside pickup; company says move will help 'large percentage' of EBT recipients who face mobility challenges due to disability, lack of transportation, caring for young children
Business Wire (07/25)
EU advisory committee recommends approval of Moderna’s Spikevax COVID-19 booster for adolescents between 12 and 17 years of age; recommendation sent to EU, which will make final decision
SeeNews Pharmaceuticals (07/25)
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Age 55+/Seniors/Baby Boomers
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Pottery Barn to launch The Accessible Home line in fall, featuring bath, upholstery, office, dining, bedroom, lighting products designed to enhance quality of life, serve people living with disabilities, injuries and the aging in place community
SocialBizWire (07/25)
Global human insulin market projected to grow to US$120.7B by 2030, with CAGR growth of 7.8% from 2022-2030; growth driven by rising prevalence of diabetes, growing geriatric population, improvements in delivery devices and healthcare infrastructure
PR Newswire (07/25)
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Gender
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Hindustan Unilever to invest Rs 700 crore by 2025 in its new factory for spray-dried detergent powder in Sumerpur; factory and distribution center will be Unilever's first gender-balanced factory in South Asia and is designed to have zero-carbon footprint
Mint (07/22)
Median weekly earnings of the 118.9 million US full-time wage and salary workers were US$1,041 in Q2, up 5.2% from a year earlier; women had median weekly earnings of US$943, or 82.4% of the US$1,144 median for men: BLS
U.S. Dept. of Labor (DOL) (07/19)
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Ethnicity & Race
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Sainsbury's debuts free 16-week incubator program Thrive for Black-led start-ups via partnership with Foundervine and Mission Ventures; program will include £1M investment, five Black-led brands will introduce products to Sainsbury's shelves by next year
MarketLine (07/22)
Illinois governor signs CROWN Act in June, codifying workplace protections for people discriminated against because of hairstyles historically associated with specific racial groups; the law will go into effect on Jan. 1, 2023
Daily Ledger (07/20)
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Age
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Colombian government affirms that tax on sugared beverages within the eventual tax reform will be earmarked for health care for minors
CE Noticias Financieras (07/25)
Twinings redesigns tea packaging for younger audience in China, South-East Asia; design includes roundel that acts as a unifying device for the range, a window split in two that uses hand-crafted graphic illustration, two-tone palette with unique gradient
Packaging News (07/22)
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Population/Demographics
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WhatTheyThink: Pandemic has been a boon for books; however, boost is likely temporary and may be hiding failure of industry to update business practices that meet changing demographics, competition from other types of entertainment, self-publishing growth
WhatTheyThink (07/25)
Alpla plant in Germany produces an injection molded sparkling wine cork consisting of an HDPE cap and softer LDPE stopper for Austria-based Rotkappchen-Mumm, and an easy-to-open mineral water cap suitable for the elderly for reusable glass bottles
Alpla Werke Alwin Lehner GmbH & Co. KG (07/22)
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