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 Industry Roundup |
Consumer Economics
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John Burns Consulting: Home Depot's Q4 earnings call speaks to state of demand for building materials, including consumer demand for home improvement peaked in mid-2022, Pro segment is still stronger than DIY, and consumer price sensitivity is back
John Burns Real Estate Consulting LLC (03/03)
RBC expects 2023 net prices of Volkswagen, BMW, Stellantis to fall 6.1%, 5.6% and 1.4%, respectively, amid easier access to parts, consumers' tight budgets; however, Mercedes may rise 0.5%, as it's reaped huge profits by focusing on most expensive models
CE Noticias Financieras (03/03)
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Consumer Health & Wellness
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Euromonitor sees evolving Australian beer scene, as consumers focus on wellness, ease of drinking and flavor, interest in locally-sourced products; low-alcohol beer made up 13% of Australian beer market by total volume in 2022, versus 1% in Canada, US, UK
Euromonitor International Ltd. (03/06)
AstraZeneca backs new hyperkalemia public awareness video series from the National Kidney Foundation; NKF reports about 26 million people worldwide have experienced heart failure and are living with high potassium levels in their blood
FiercePharma (03/06)
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Consumer Behavior / Attitudes
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US confectionery category dollar sales grew 11.1% over 2021 and 22.1% over 2019, as consumers increasingly view chocolate and candy as a fun part of life and as an affordable treat, according to annual report from the National Confectioners Assn.
PR Newswire (03/06)
Ford find buyers of F150 Lightning EV pickup truck use the truck bed more often than owners of gasoline-powered F150s for hauling, camping, home projects; over half of Lightning buyers previously owned a vehicle that wasn’t a pickup truck
Detroit Free Press (MI) (03/06)
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Health Concerns, Trends & Statistics
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Almost two-thirds of US doctors, nurses report feeling burnt out at work; doctors say they are rethinking their decision to enter medicine, citing understaffing, paperwork, insurance hassles as major reasons why: HealthDay - Harris Poll
Physician's Briefing (03/06)
People in Germany often eat raw or unheated food and are not fully aware of the related risks, according to survey from the German Federal Institute for Risk Assessment
Food Safety News (03/06)
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Health
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Cardiovascular / Heart Health
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Abbott announces new data show superiority of minimally invasive TriClip transcatheter edge-to-edge repair system compared to medical therapy for tricuspid heart valve repair; data presented at American College of Cardiology's Annual Scientific Session
Abbott Laboratories (03/06)
Study of commercially insured individuals finds long COVID associated with increased risk for adverse cardiovascular, pulmonary conditions and mortality; study points to need for care management programs for high-risk individuals; Elevance Health
Elevance Health, Inc. (Anthem) (03/03)
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Dental & Oral Health
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Smile Brilliant unveils CariPRO Enamel Armour for Sensitive Teeth; new leave-in, sustained release treatment seals pores, repairs enamel, improves tooth hydration, saliva production and resistance to cavities and stains
Happi (03/06)
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Fertility / Reproductive Health
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Walgreens says it will not dispense abortion pills by mail in 20 states represented by Republican attorneys general who warned the company that it would be breaking the law to do so
Proactive Investors (03/03)
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Mental Health
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Patients in UK with food allergies report lack of psychological, social support; patients report primary care physicians do not take their conditions seriously, lack of understanding/concern in society and in hospitality industry: Study
Helio (03/03)
Ampol to Support Youth Mental Health With the Sebastian Foundation Campaign
Contify Retail News (03/03)
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Immune System Health
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Multiple new autoimmune biosimilars to hit US market in 2023, offer opportunity to reduce drug costs; autoimmune conditions affect 1% of insurance plan members but accounted for 42% of insurance plan specialty spend in 2022: CVS Health
Drug Topics (02/28)
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Neurological / Cognitive Health
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Alexion, AstraZeneca Rare Disease to present 19 abstracts, eight oral presentations to showcase treatments for rare neurological diseases at American Academy of Neurology Annual Meeting April 22-27; potential of C5 inhibitors to be hightlighted
Targeted News Service (Press Releases) (03/03)
Mount Sinai, Memorial Sloan Kettering Cancer Center develop new drug delivery approach that uses nanoparticles to enable more effective and targeted delivery of anti-cancer drugs; approach used to treat brain tumors in children
Contify Life Science News (03/03)
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Men's Health Issues
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Novartis seeks US approval of Millburn, New Jersey, as manufacturing site for production of radiopharmaceutical drug Pluvicto to treat prostate cancer; Novartis also building new site in Indianapolis to open this year
SeeNews Pharmaceuticals (03/06)
FDA advisory committee meeting April 28 to discuss AstraZeneca and Merck’s supplemental NDA for Lynparza in combination with abiraterone and prednisone or prednisolone; combo intended to treat metastatic castration-resistant prostate cancer
Alliance News (03/02)
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Health Studies
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Kao publishes research on beneficial effects of oral supplementation with ferulic acid, a plant phenolic compound, on the human skin barrier in healthy men
Daily Asia Business (03/03)
Data shows oral sesame desensitization is safe, effective for younger patients with sesame/tahini allergies; the process involves an initial low dose oral food challenge, incremental dose escalation of crushed sesame seeds/tahini: Study
Contemporary Pediatrics (03/03)
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Foodborne Illnesses
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Nestle temporarily suspends production at its Buitoni frozen pizza factory in Caudry, France, that was at the center of a fatal E. coli outbreak last year; company cites falling sales as the reason for suspending production
MarketLine (03/03)
Reckitt Benckiser recalls its Enfamil Prosobee Simply Plant-Based Infant Formula in 12.9 oz containers because of possible cronobacter sakazakii contamination
Disease Prevention Daily (03/02)
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Nutritional
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Healthy Foods & Beverages
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Small business spotlight: Johnston, Iowa-based Young G offers healthy BBQ sauces and salad dressings with gluten-free, low-sodium and low fructose ingredients; products available on Walmart.com and company plans to expand to China
WHO-TV (03/06)
Executive Perspective: Sales of indulgent snacks are growing 20% faster than healthy options as consumers take a 'balance sheet approach' when deciding what to eat, says Hostess Chief Growth Officer Dan O'Leary
FoodNavigator-USA.com (03/03)
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Vitamins / Supplements
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Chewy announces launch of Vibeful, its first pet wellness brand featuring a line of 20 products including vitamins, supplements and wild Alaskan salmon oil
PetFoodIndustry.com (03/01)
Eminence Organic Skin Care introduces Tropical Superfood Collection, a new skin-care line combining PHA with vitamin-rich botanicals and tropical scents; line includes Pineapple Refining Tonique, Superfood Booster-Powder and Yuzu Solid Body Oil
PR Newswire (03/01)
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Demographics
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Millennials & Gen Z
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South Korea's Shinsegae International sees luxury niche fragrances as new barometer of consumer demand during economic downturn; younger consumers driving niche perfume sales, seeing gender-neutral fragrances, other scented products as affordable luxuries
CosmeticsDesign.com (US) (03/03)
Executive Perspective: McCormick is dialing up the heat across its portfolio, leveraging its leading brands including Frank’s RedHot and Cholula to gain relevance among younger generations seeking spicy foods, says COO Brendan M. Foley
Food Business News (02/28)
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Children / Minors / Youth
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FDA clears Abbott's FreeStyle Libre 2 and FreeStyle Libre 3 sensors for integration with automated insulin delivery systems; sensors also cleared for use by children as young as two years old, pregnant women with diabetes, and for wear time up to 15 days
Abbott Laboratories (03/06)
Childhood obesity rate in Brazil may jump from 12.5% in girls, 18% in boys in 2020 to 23% in girls, 33% in boys by 2035; 41% of adults in Brazil may be obese by 2035, resulting in health care costs in Brazil reaching U$19B annually in 2025
CE Noticias Financieras (03/03)
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Age 55+ / Seniors / Baby Boomers
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FDA panel backs GSK’s RSV vaccine for Americans 60 years and older; shot lowered risk of symptomatic illness by 83%, risk of severe illness by 94% in clinical trial
Physician's Briefing (03/06)
MRC Recruiting CEO: Mining industry will see influx of new workers as baby boomers move toward consulting and retirement; elevated price of gold, strong metal demand from energy and original equipment manufacturing sectors create employment opportunities
Newswire.com PR (03/02)
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Gender
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Macy’s launches month-long round-up, donation campaign in-stores and online to benefit Girls Inc.; company will raise funds to support STEM and college, career readiness programming for girls nationwide in honor of Women’s History Month
Macy's Inc. (03/06)
Bath & Body Works celebrates Women's History Month by honoring five perfumers who created its iconic scents; its foundation will donate US$170,000 to the American Chemical Society Scholars Program for underrepresented groups in chemistry-related fields
Happi (03/06)
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Ethnicity & Race
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Sustainability Spotlight: In FY22, Estee Lauder surpassed goal to double hires from historically black colleges and universities from FY20; ELC launched new cultural awareness training, refreshed pay equity analysis, expanded financial relief for workers
Industry Intelligence Inc. (03/02)
Janssen launches ‘That’s My Word’ health equity campaign with radio host D.L. Hughley to raise awareness about multiple myeloma in Black communities; 20% of the 35,000 people in US diagnosed with multiple myeloma every year are Black
Johnson & Johnson Services Inc. (03/02)
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Age
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Commentary: E-cigarettes should be in plain packaging, just like cigarettes; vaping is a rapidly growing habit in Great Britain, particularly among younger people, and plain packaging needs to be brought in to protect young people’s health
ForeignAffairs.co.nz (03/03)
Bristol Myers Squibb receives European Commission approval of Reblozyl luspatercept for anemia in adult patients with non-transfusion-dependent beta thalassemia
Business Wire (03/03)
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Population / Demographics
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GlobalData: Cellular agriculture emerging as key technology for decarbonizing protein production systems and food security, as global population could hit 10 billion by 2050; Agronomics, SEED Innovations, Qkine among companies investing in these products
GlobalData Plc (03/02)
Depression & anxiety symptoms linked to vaping nicotine and THC in teens and young adults, survey finds; study did not examine whether depression, anxiety were caused by nicotine and THC, or whether symptoms impacted their use
Contify Life Science News (03/02)
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Fitness
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Fitness, Exercises & Sports
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Data revolution hits NFL combine, including player tracking systems from Zebra Technologies that rely on GPS, RFID tags sewn into uniforms to measure metrics such as speed, acceleration, deceleration, explosive effort
Washington Post, The (Print Content) (02/28)
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Wearable Devices
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Medicare to expand continuous glucose monitor coverage to a larger group of patients staring in April, which could double the market for the devices; about 25% of people with Type 2 diabetes currently use a CGM
MedTech Dive (03/02)
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Consumer Wellness
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