Organizations

• In addition to mortality effects, the combination of high comorbidities and limited healthcare capacity threatens worker productivity, potentially delivering an output shock to a region already struggling with extreme poverty.
• The U.S. economy reopened faster than expected in the third quarter of 2020 because many consumers and businesses adapted to remote working and the Federal Reserve committed to low interest rates.
• The mid-year forecast shows total MPU sales strengthening with an 8.8% increase in 2021 to reach a new record high annual level of about $86.3bn, under the assumption that vaccines become available for the COVID-19 virus and the health crisis diminishes in most regional markets next year.
• An accelerated energy transition could add 5.5 million more jobs to the global economy by 2023, compared to a business-as-usual scenario, while enabling renewable generation to grow five times faster.
• By 2021 AI augmentation will create $2.9 trillion of business value and lead to an increase of 6.2 billion hours of worker productivity, globally.
• China's online sales penetration will continue to rise further from 21% in 2019 and 25% YTD 2020, while online provision of other services including remote working, education, health care and financial services will also grow rapidly.
• Demand for frozen foods in the US is expected to see a 1.6% decline in 2020 in the midst of the COVID-19 pandemic, as plummeting demand from the foodservice sector weighs on sales.
• Office rents in Greater China, where the pandemic began, will fall 8% this year and 5.2% in 2021: Office vacancy rates will linger at about 25% until 2024, when job growth will raise demand for office space.
• The global GIS software, services and hardware market generates sales of US$9.0bn annually and will grow at a 10% CAGR to reach annual sales of US$17.5bn by 2023.
• The UK government is banking on a steep rise in electric vehicle buying as it considers banning sales of new petrol or diesel cars at some point after 2030.
• Total sales of new energy vehicles - including electric, plug-in hybrid and hydrogen fuel-cell vehicles - are expected to reach 1.1 million vehicles in China in 2020, about 5% of total auto sales.
• California, which has the world's fifth-biggest economy, said it would ban sales of new petrol or diesel cars by 2035.
• The state of California said it would ban the sale of new petrol and diesel vehicles by 2035, which will provide a huge boost to electric vehicle sales.
• By 2035, in the next 15 years, we will eliminate in the state of California the sales of internal combustion engines.
• Mobile sales are expected to hit $314 billion by the end of the year with total e-commerce sales expected to rise to nearly $710 billion.
• Wood Mackenzie's AET brings electric vehicle [EV] uptake forward by ten years and sees EVs make up around 40% of passenger car sales by 2030.
• Sales of new petrol, diesel and hybrid cars should be banned by 2030 to tackle climate change and air pollution, UK Labour has urged.
• With the pool of potential buyers limited by the economic fallout from the ongoing health crisis, U.S. car sales have declined, down 19.8 [percent] in August, say they expect sales to remain depressed for the remainder of the year.
• The California Air Resources Board will write up regulations mandating that all sales of new vehicles are zero-emission by 2035 - residents would still be able to own fossil-fuel vehicles, and buy and sell then.
• Retail sales China will finish the year above 2019 levels, and analysts predict a global recovery to 2019 levels by 2021.
• Not only do stakeholders expect companies to take climate action - as 1,350 companies with a market capitalization of US$ 25 trillion have done with the We Mean Business coalition - they expect companies to set Paris-aligned emissions reduction targets.
• The demand for mini LEDs in China has grown, so we believe that Sanan Optoelectronics will significantly benefit from the mini LED business in the next 3-5 years.

Last updated: 05 October 2020