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 Industry Roundup |
Consumer Economics
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Business Insider: America's recession debate ranges from JPMorgan CEO's warning of 'hurricane' heading for economy to Deutsche Bank expecting 'mild' recession, BofA seeing households in stronger positions to ride out economic slowdown than Great Recession
Business Insider (06/06)
Commentary: Surging credit balances, higher rates could pull consumers into a new debt bind; Americans opened a record 11.5 million credit card accounts in first two months of 2022, with credit limits on new cards totaling US$55.5B, up 60% year-over-year
Business Insider (06/02)
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Consumer Health & Wellness
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Rite Aid to provide primary care services at up to 700 stores in rural areas via startup Homeward, starting in Q3; Homeward will operate mobile vans in Rite Aid parking lots, allowing customers to see provider and pick up prescriptions in one visit
FierceHealthcare (06/03)
European justice upholds member states can restrict marketing of cosmetic products that could be mistaken for foodstuffs and endanger consumer health; verdict is in response to dispute between British firm Get Fresh Cosmetics and Lithuanian authorities
CE Noticias Financieras (06/03)
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Consumer Lifestyle
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Share of Norwegian consumers who focus on Norwegian-made food up 5 percentage points to 53% during 2019-2021 period, with the most important factors being food that is healthy, fresh and has a low price, survey says
M-Brain Nordic News (05/31)
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Consumer Behavior/Attitudes
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Walmart CEO says company is watching how their most value-conscious shopper behaves to learn what they need from the company to put food on the table amid inflation; company is focused on alleviating price increases, continues to gain grocery market share
Dallas Morning News (06/06)
Amazon Prime members who buy groceries on the site is trending down, according to Coresight Research; consumers returning to in-store shopping is driven in part by concerns regarding inflation and delivery costs, as well as supply chain shortages
Marketplace (06/06)
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Health Concerns, Trends & Statistics
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COVID-19 vaccines cut risk of long COVID by 15%, yet long COVID affects 8% to 12% of those who are vaccinated; vaccines cut risk of long COVID lung disorders by 49%, blood-clotting disorders by 56%, risk of death from COVID-19 by 34%: study
Futurity.org (06/06)
Prostate cancer may increase risk of blood clots by 50% in men in first five years after cancer diagnosis, with 3.2% of patients developing venous thromboembolism; prostate cancer most common cancer in middle-aged, older men: study
The Breeze (James Madison University) (06/06)
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Health
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Cardiovascular/Heart Health
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Insoluble dietary fiber chitin-glucan modifies gut microbiota composition, improves postprandial glycemic response, may have cardiometabolic benefits; Belgian firm KitoZyme owns patent for KiOtransine brand fungi-derived bio-copolymer: study
Nutra Ingredients (06/06)
FDA approves Alembic Pharmaceuticals’ ANDA for oral 267 mg, 801 mg Pirfenidone tablets to treat idiopathic pulmonary fibrosis; drug is generic equivalent to Genentech’s Esbriet tablets and has estimated annual market size of US$548M
ENP Newswire (06/02)
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Digestive/Gut Health
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Euromonitor: Personal health is ahead of environmental, animal welfare concerns when consumers pick plant-based proteins; allergies, digestive issues, body weight, desire to avoid long-term health risks drive plant-based meat, dairy alternatives purchase
FoodNavigator-USA.com (06/02)
Pfizer reports late-stage trial shows experimental oral drug etrasimod used to treat ulcerative colitis resulted in 32.1% of patients in clinical remission at 52 weeks after receiving drug; company to start regulatory submissions later this year
SeeNews Pharmaceuticals (06/01)
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Fertility/Reproductive Health
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Walmart shareholders reject proposal by activist investor Julie Kalish asking company to assess impact on employees if US Supreme Court rolls back abortion rights; Kalish says loss of access to reproductive care could hurt workforce recruitment, retention
Reuters (06/02)
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Mental Health
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Huggies, Meijer partner to support Hand to Hold, a national nonprofit providing mental health support to neonatal intensive care unit parents; Huggies brand will donate up to US$60,000 for every box of Huggies diapers purchased through June 18 at Meijer
PR Newswire (06/01)
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Immune System Health
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Scientists isolate peptides from protein hydrolysate of tuna trimmings to improve commercial value of underutilized fish-trade by-products; two peptides showed strongest immune-enhancing activity with potential for use in nutraceutical, functional foods
LWT - Food Science and Technology (06/01)
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Neurological/Cognitive Health
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Freeze-dried cranberry powder improves memory, neural functioning in older adults; 12 weeks of cranberry supplementation improved visual episodic memory, decreased observed low-density lipoprotein cholesterol: study
The Breeze (James Madison University) (06/06)
Institute for Molecular Medicine gets US$12M grant from NIH for Phase 1 clinical trial of beta-amyloid vaccines based on DNA, recombinant protein to prevent Alzheimer’s disease; Q2 trial to use PharmaJet’s Tropis needle-free injection system
Business Wire (06/01)
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Women's Health Issues
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Women's health venture capital fund RH Capital closes investment in Planera's US$9.5M seed round, led by Valo Ventures; Planera is developing flushable and 100% biodegradable menstrual pads to address environmental concerns over microplastics, chemicals
PR Newswire (06/06)
Exposure to chemicals among pregnant women has increased significantly in the last decade, according to NIH-funded study; urine tests evaluated exposure to more than 100 chemicals, including new substances introduced to replace dangerous chemicals
University of Michigan (06/06)
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Health Studies
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87% of patients with long-term health conditions feel stigma for having condition, with 99% reporting stigma can have negative impact on healing; 68% of nurses feel unable to fully support patients, with 96% wanting more time to provide care: study
PR Newswire (05/31)
Long COVID may be associated with patients with high viral loads, autoantibodies, reactivation of Epstein-Barr virus, type 2 diabetes; data suggests administering antivirals after diagnosis may rapidly eliminate virus, prevent long-term symptoms: study
CE Noticias Financieras (05/31)
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Home Use/Self-Care
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PharmaTher partners with CC Biotechnology to develop wearable ketamine delivery device that combines PharmaTher’s ketamine formulation with CCBIO’s Felice Dose wearable subcutaneous injector; device aimed at mental health, neurological, pain disorders
GlobeNewswire (06/02)
FDA approves Abbott’s FreeStyle Libre 3 continuous glucose monitor for diabetes management in patients four years of age and older; device is smallest, thinnest CGM monitor in the world, will be available at pharmacies later in 2022
Fitch Solutions Sector Intelligence (06/02)
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Foodborne Illnesses
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Abbott Nutrition to resume producing baby formula at its factory in Sturgis, Michigan, on June 4, after the plant was closed following the presence of Cronobacter sakazakii bacteria
Indian Pharma Industry (05/31)
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Nutritional
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Healthy Foods & Beverages
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Nestle India says it's looking to tap opportunities in new categories such as healthy aging, plant-based nutrition and healthy snacking to boost growth in the country
Accord Fintech (06/02)
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Vitamins/ Supplements
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Unilever acquires majority stake in US nutraceutical firm Nutraceutical Wellness, maker of 100% natural Nutrafol oral supplement that is clinically shown to improve hair growth in men, women
Marketline - Deals (06/06)
Direct-to-consumer brand Disco launches Fountain of Youth twice-daily oral skin care supplement for men with proprietary five-strain probiotic blend, vitamin B6, niacinamide, selenium, quercetin, pantothenic acid, zinc, copper
Happi (06/06)
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Demographics
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Millennials & Gen Z
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China's luxury beauty brands partnering with gaming brands is a growing marketing trend to meet the influx of women into esports; YSL, OSM and La Mer among brands using gaming collaborations to broaden access to younger consumers
Jing Daily (06/06)
Edgewell Personal Care debuts Fieldtrip, a new clean unisex skin-care brand tailored to Gen Z users; seven inaugural products include cleansers, moisturizers, serums and facials mists made with sustainably sourced vegan ingredients certified by PETA
PR Newswire (06/06)
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Children
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Baby brand Sposie launches Sposie Dribbles Potty Training Pads, a protective absorbent layer for children's pants during potty training; products allows children to feel wet without getting their clothes wet, adds extra protection against leaks
GlobeNewswire (06/06)
Smithfield Foods' Monmouth, Illinois, facility presents US$15,000 donation to Recharge Teen Center, a newly renovated community youth center featuring food and hygiene pantry, washer and dryer, kitchen, gaming room, library
PR Newswire (06/06)
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Age 55+/Seniors/Baby Boomers
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32% of older adults in US show symptoms of long COVID after surviving initial infection, more than double the 14% long COVID rate in 18- to 64-year-old adults; CDC finds up to 2.5 million older adults in US may suffer from long COVID
Kaiser Health News (05/31)
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Gender
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Burger King customers express confusion on Twitter over Pride Whopper offering in Austria that features two identical buns --either two top buns or two bottom buns-- with all the Whopper ingredients
International Business Times (06/06)
L'Oreal Foundation and UNESCO will honor 45 eminent women scientists from over 35 countries at For Women in Science International Awards Ceremony; event will be held at UNESCO Headquarters in Paris on June 23
L'Oréal SA (06/03)
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Ethnicity & Race
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Estee Lauder Cos. partners with National Alumnae Assn. of Spelman College to boost beauty industry hires; program launches virtual initiative, Let’s Talk Beauty: ELC x NAASC, allowing alumnae to engage with ELC leaders, create networking opportunities
Estée Lauder Companies Inc. (06/03)
Cheekbone Beauty debuts #GlossedOver campaign with unsellable lipgloss inspired by contaminated water to spotlight the water crisis for Indigenous groups in Canada; Sephora Canada will donate proceeds from Cheekbone Beauty sales in June to Water First
Canada Newswire (06/01)
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Age
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New York's Cannabis Control Board approves proposed regulations that would prohibit cannabis packaging from including cartoon characters, neon colors, bubble letters, candy references, images of celebrities, images of individuals who appear to be under 21
Gothamist (06/02)
Conference Board: Wages are rising the fastest where work cannot be done remotely and jobs are hardest to fill in sectors such as health care, sit-down dining, in-store retail; labor shortage could become indefinite in sectors with few young workers
Marketplace (06/01)
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Population/Demographics
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Pop-Tarts celebrates Pride with NEON Pink Block Party Lemonade box featuring colorful designs of illustrator Thaddeus Coate; the limited-edition box was created in partnership with NEONxGLAAD to increase the visibility of Black LGBTQ+ people
PR Newswire (06/02)
DS Smith to hold ‘Megatrends of today shaping tomorrow’ webinar on June 16; webinar to discuss three key megatrends--Climate Change, Hyperconnectivity and Rise of Gen Z
DS Smith PLC (06/01)
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Fitness
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Fitness, Exercises & Sports
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Shiseido teams with World Surf League to release limited-edition Shiseido x WSL Ultimate Sun Protector Lotion SPF 50+ and Clear Sunscreen Stick SPF 50+; Shiseido will donate portion of sales to World Surf League’s ocean protection efforts
Happi (06/01)
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Wearable Devices
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FDA approves ManaMed's wearable, rechargeable ManaSport ultrasound therapy device designed to manage chronic pain from muscle spasms, joint contractures; non-invasive pulsed ultrasound therapy device treats localized sites through ultrasound gel
Fitch Solutions Sector Intelligence (06/02)
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Consumer Wellness
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