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 Industry Roundup |
Consumer Economics
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Pinduoduo, Temu owner PDD Holdings' quarterly revenue falls short --up 46% year-over-year to 39.82B yuan versus an expected 41.01B yuan-- on weak China consumer spending; competitors Alibaba, JD.com saw only single-digit gains for the same period
Reuters (03/20)
University of Michigan's Index of Consumer Sentiment posts preliminary March level of 63.4, down from February's 67.0; persistently high prices weighed on sentiment
University of Michigan (03/17)
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Consumer Health & Wellness
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Grove Collaborative debuts Grove Wellness, an online health and wellness hub offering curated range of high-quality, affordable products chosen by health experts; offering will prioritize ingredient transparency, NSF certification, sustainable packaging
Grove Collaborative Inc. (03/14)
Global pulse generator implant market estimated to be US$277.2B by 2032, register CAGR growth of 9.8% during forecast period; growth driven by increase in chronic diseases, better reimbursements and performance, rising awareness, technological advancement
EIN Presswire (03/14)
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Consumer Behavior / Attitudes
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Commentary: US consumers show no signs of shying away from confectionery purchases despite price hikes at retail over last two years; US retailers appear upbeat, as Walmart, Kroger, Albertsons and many others have boosted sizes of their confection sets
MarketLine (03/20)
Ford, Ram ranked last in J.D. Power 2023 US Customer Service Index study of truck brands; survey ranks customer service experience based on service quality, service advisor, vehicle pick-up, service facility, service initiation
24/7 Wall St. (03/20)
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Health Concerns, Trends & Statistics
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American Diabetes Association and Genentech partner to increase screening, treatment for eye health care with pilot program in Birmingham, Alabama; diabetes is leading cause of vision loss in people 18 to 64 years old
American Diabetes Association (03/20)
Giving small tastes of smooth peanut butter to infants between four and six months old could cut peanut allergies by 77%; current advice to not give babies solid foods until six months needs to change say researchers: Study
BBC News (03/17)
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Health
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Cardiovascular / Heart Health
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Bloomberg reports Novartis to sell some ophthalmology products that treat the front of the eye; as part of new strategy, Novartis to focus on cardiovascular diseases, neuroscience, immunology, hematology, solid tumors
FiercePharma (03/14)
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Health Screenings
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Terracycle announces 'Tiniest Biome,' new service that collects baby diapers to evaluate microbial content, give parents recommendations on nutrition, physical activities and skin health; program available in the US except in New York and Delaware
Trentonian, The (Trenton, NJ) (03/20)
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Mental Health
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HHS awards 15 states with one-year Certified Community Behavioral Health Clinic planning grants to offer community outpatient mental health treatment and expand equitable behavioral health services in US; each state to receive US$1.0M grant
U.S. Dept. of Health and Human Services (HHS) (03/17)
Stanford economist says remote work could help solve some of America's biggest problems, such as climate crisis, mental health, falling birth rate and housing affordability; share of work from home was over 60% in 2020, expected to stabilize around 25%
Business Insider (03/15)
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Neurological / Cognitive Health
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Pfizer recalls 4.2 million units of prescription Nurtec ODT 75 mg orally disintegrating migraine therapy tablets sold in cartons containing one blister card of 8 tablets; drug package does not meet child-resistant packaging requirements
CE Noticias Financieras (03/16)
Researchers at Mount Sinai identify two previously unknown genes that may increase risk for schizophrenia, third gene with risk for schizophrenia, autism; schizophrenia affects about 1 out of every 100 people
Contify Life Science News (03/14)
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Men's Health Issues
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AstraZeneca, MSD report UK Medicines & Healthcare Regulatory Agency approves Lynparza Olaparib in combination with abiraterone and prednisone or prednisolone to treat metastatic castration-resistant prostate cancer
PharmaTimes (03/20)
Pfizer and Astellas report Phase 3 study shows Xtandi enzalutamide plus leuprolide significantly improves metastasis-free survival in men with non-metastatic prostate cancer
Contify Life Science News (03/17)
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Women's Health Issues
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BD receives FDA 510k clearance for BD Vaginal Panel on the BD COR System; the diagnostic test detects the three most common infectious causes of vaginitis using BD's high-throughput molecular diagnostic platform for large laboratories
Associated Press (03/16)
Kenyan legislators aiming to establish a menstrual law, with express provisions on menstrual leave; Zambia is currently the only country in Africa offering menstrual leave, with up to 12 days annually
Nation (Kenya) (03/14)
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Health Studies
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Study finds low carb diet based on plant-based foods, not meat or dairy, may extend lifespan of those with type 2 diabetes; CDC reports diabetes affects over 37 million in US, with type 2 diabetes being most common: Diabetes Care
Healthday (03/20)
McGill University study shows that BPS migrates from labels on packaging materials into fresh foods; researcher says BPA can interfere with hormones and cause adverse health outcomes, and there is growing evidence that BPS may have similar health effects
States News Service (03/16)
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Foodborne Illnesses
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Nestle recalls its Nestlé Good Start Soothe Infant Formula due to potential cronobacter sakazakii contamination
Canadian Press (03/20)
Organic frozen strawberries sold at Costco, Aldi, Trader Joe's and other retailers recalled for link to Hepatitis A outbreak
Food Safety News (03/17)
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Nutritional
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Vitamins / Supplements
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Researchers in Korea review potential of two colorless carotenoids--phytoene and phytofluene--in supplement form for skin photoprotection and skin health; review says concept aligns with post-pandemic consumer focus on beauty and health
CosmeticsDesign.com (US) (03/17)
Nestle Bulgaria gets antitrust nod to buy vitamin and food supplements wholesaler Iso-Plus BG from Semento Ltd; Nestle Bulgaria to take over wholesale distribution 371 Solgar products in Greece, Bulgaria, Romania
SeeNews The Corporate Wire (03/17)
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Nutritional Deficiency
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Herbalife Nutrition Foundation raises US$1.5M to support 178 organizations in 59 countries through its Casa Herbalife program; program focuses on providing healthly nutrition and nutrition education to children
PR Newswire (03/20)
Vaccine contract manufacturing market expected to grow to US$6.5B in 2032, have CAGR growth of 10.2%; growth driven by increase in prevalence of disease, unhealth lifestyles, poor nutrition, rising zoonotic diseases: Prophecy Market Insights
EIN Presswire (03/16)
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Demographics
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Millennials & Gen Z
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Executive Perspective: Consumption of frozen snacks in the US up almost 7% in the past year, according to IRI data, thanks in large part to older millennials, adds Braelyn Davis, CEO of frozen food brand Planet Based Foods
Progressive Grocer (03/17)
GlobalData: Indian cosmetics brands highlighting social causes such as women's rights are connecting with Millennial/Gen Z, who will power future growth of US$16B Indian cosmetics/toiletries market; highlights include campaigns by Lakmé, Sugar Cosmetics
GlobalData Plc (03/15)
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Children / Minors / Youth
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Foot Locker, Nike align on growth in basketball, kids, sneaker culture in 'revitalized' partnership; though Foot Locker will not see more limited edition lines such as Dunks and Jordans, holiday season will feature LeBron James, Kevin Durant retro shoes
Business Insider (03/20)
ABC Supply Co., Inc. Renews Multimillion Dollar National Partnership with Make-A-Wish in Support of Children Battling Critical Illnesses
ABC Supply Co. Inc. (03/20)
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Age 55+ / Seniors / Baby Boomers
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Global spinal surgery devices market expected to grow from US$10.79B in 2020 to US$18.02B by 2030, have CAGR growth of 5.3%; growing geriatric population, increase in spinal disorders, technological advancements to drive growth: Prophecy Market Insights
EIN Presswire (03/14)
Most of Wisconsin 's 17 million acres of forests are owned by private families, but family forest owners are getting older and how they pass on their land will affect future of forests and how they are managed
Post-Crescent (Appleton, WI) (03/14)
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Gender
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Thirty-seven percent of US women consume cannabis, with 28% saying they use cannabis at least once a month; 91% say they purchase marijuana legally at a dispensary: survey
Marijuana Daily (03/20)
P&G concludes 2023 edition of its Singapore Women Entrepreneurs Academy, the fifth for Singapore and first for Malaysia; 23 women entrepreneurs from both countries underwent training modules, as part of company's efforts to close the gender economic gap
PR Newswire (Hong Kong Feed) (03/14)
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Ethnicity & Race
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NielsenIQ launches Beauty Trailblazer Program to support minority-owned brands in the consumer goods sector; three-month long program offers access to comprehensive consumer data sets, mentorship to guide business planning, better meet consumer demand
CosmeticsDesign.com (US) (03/17)
Bristol Myers announces progress toward long-term inclusion & diversity goals and health equity commitments; 58% of BMS clinical trial sites now located in racially, ethnically diverse areas, over US$100M dispersed to address health equity issues
Business Wire (03/15)
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Age
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Sierra Space Advances to the Forefront of Commercial and National Security Policy in the Orbital Age™
Associated Press (03/15)
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Fitness
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Fitness, Exercises & Sports
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National Waste and Recycling Assn. to host first-ever Golf Classic on April 30 at Bayou Oaks at City Park in New Orleans, ahead of start of WasteExpo; event to include breakfast, Bloody Mary bar
States News Service (03/16)
Avery Dennison partners with Premier League on new font and embellishments for next season's Premier League shirts, including names, numbers, sleeve badges; redesign increases number height, integrates league's unique graphic pattern
Contify Retail News (03/14)
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