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24.03.2021
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Freedonia analysts and economists are sharing their insights about the impacts of the COVID coronavirus. This page features ongoing updates. Knowledge Center Subscribers can access the US and Global reports for free as part of their subscription.

April 9, - The highly competitive German e-bike market � the second largest worldwide behind China � turned in a record breaking performance in The performance represents an acceleration of a trend that has been occurring for a decade: German riders of conventional bicycles and some internal combustion engine scooters and mopeds are moving to e-bikes. Consumers are attracted by the superior performance and greater convenience compared to bicycles, as well as the fact that e-bikes cost less than mopeds and scooters.

Over time, the performance gap between e-bikes and mopeds and scooters has also shrunk as high-end and specialty e-bikes developed for Germany. Use of public transportation decreased sharply and other modes of transport were also became less appealing e.

In addition, consumers increasingly looked for new forms of recreation following the closures of many bars, restaurants, clubs, and similar businesses. The spike in e-bike sales will have a long-term impact on the German market because many new e-bikes users are likely to continue to participate in the activity for many years.

E-bikes in particular are well suited for older riders because of their light weight and ease of use. German consumers generally prefer high-performance models and, as consumer awareness grows, technological innovation will accelerate. Some of these same trends have held true in the US market, presenting opportunities here as well. Though some of these reductions may have been due to reductions in overall travel and commute time, such trends present an opening for other types of transportation to take root, particularly low-cost options for shorter trips.

Freedonia Custom Research is also available for questions requiring tailored market intelligence. In some cases, the pandemic provided opportunities to suppliers of fork lifts and other material handling equipment:. That means that we are still mostly Outdoor Kitchens Unlimited 3d Model cooking at home. After a year of doing more home cooking than normal, a lot of consumers are looking for short cuts�anything that makes preparing a John Michael Outdoor Kitchens Model meal, especially if it is a new food option, easier.

Similarly, the pandemic era also has changed how we think about food waste. Factors include:. April 7, - In a recent tracker, we discussed how Google is planning to build more offices and data centers in expectation of its employees returning to work at the office. This was noted as an anomaly, as many companies were planning on reducing their office footprints in expectation that more and more work would be done from home.

A pair of recent articles illustrate how pervasive this notion is, and how it offers a challenge to the construction industry. The first article noted that many large firms were planning to sublease their unused space or, if possible, not renew their rental arrangements � putting millions of square feet of office space on to the market. While a potential boon to smaller firms or startups looking for inexpensive office space, the prospect of numerous office buildings and commercial parks with floors of empty space is daunting to owners and managers of these properties.

The construction industry also faces a number of challenges in dealing with this glut of empty commercial real estate. Construction of new office buildings and restaurants will undoubtedly lag going forward, as there will be little need to erect new sites when thousands of inexpensive properties are available for rent or purchase.

This will affect demand for a wide range of building materials and related products, such as plumbing fixtures and fittings. Furthermore, while many of these buildings will require some refurbishment when they are repurposed, most will have far less wear and tear than those were permanently. Thus, less of such materials as drywall, paint, and related items will be needed to get buildings back into working shape.

April 7, - That US consumers have invested considerable in their homes during the coronavirus is no surprise to regular readers of this blog, as we have regularly pointed out the continuing surge in home remodeling activity.

In addition to all of these remodeling projects, US consumers have also been buying furniture � either as part of a more complete home renovation or as a less costly alternative to a more complex project. And, much as lumber mills and contractors have seen demand for their products and services skyrocket, so too are furniture manufacturers. Indeed, this increase in demand has caused one producer to announce plans to double its workforce � and thus its production capacity � to meet the demand for its products.

Consumers saw this reflected in the challenge of getting their furniture purchases delivered in a timely manner. Not only does this bode well for the company and its employees, but increasing demand for furniture will also support demand for such other products as:.

March 25, - A recent announcement by Google that it would be expanding its physical footprint across the US. That this plan included increasing its number of building office complexes was surprising to many people, as the COVID pandemic � and the general success of the working from home � Youtube Outdoor Kitchens Model has caused many companies to entertain the notion of downsizing office spaces.

However, that this expanded physical footprint would include more data centers was not surprising. The increasing need for more data centers is related, at least in part, to a pandemic shift as more employees are and are expected to continue to work from home more frequently.

In addition to health concerns employers may be leery of having fully staffed offices , many workers have been just as productive at home as if they were in the office and appreciate the flexibility of working from home.

Furthermore, increasing interest in e-commerce activity, stock trading online, and online entertainment such as video streaming and gaming has driven gains in Internet usage, which in turn supports demand to data centers to handle surges in Web traffic. This increasing construction of data centers will support demand for a wide range of building materials, key among them:.

Freedonia also offers an expanding catalog of COVID Economic Impact reports , which highlight how various industries are responding to the current crisis with a comparison to recent recessions.

March 18, - Even as massive storms hampered consumer spending overall in February, the publication of the February retail sales report by the US Department of Commerce showed generally positive signs for building material and garden equipment and supplies dealers.

Retail sales in this segment often retreat in February, and was no different. This contraction in sales was due a number of factors:. Still, overall sales by dealers of building materials and garden equipment were supported by factors such as:. Going forward, retail sales for building material and garden equipment and supplies dealers are expected to rise again in March and April.

Not only do these months traditionally indicate the start of the outdoor season in much of the country, tax return checks and additional stimulus checks will likely spur additional spending. Despite the boom in spending on outdoor home improvements in , fresh insights from The Freedonia Group National Online Survey conducted February to March indicate that many households still have plans to make improvements to their yards and outdoor spaces in March 18, - The COVID pandemic has sparked a surge in home remodeling activity as homebound consumers looked to upgrade their residences to make them more functional by adding home office spaces and gyms.

However, many homeowners � perhaps feeling the need to treat themselves as they muddle through the discomfort of a pandemic era � also opted to upgrade their homes by adding a feature or two that amplifies their comfort. One such example is including radiant floor heating during the renovation of kitchens, bathrooms, and other rooms.

To many, a warm floor is the ultimate in cozy comfort. This rising demand for radiant floor heating systems will also support demand for a wide range of other building materials, key among them:. March 18, - According to a recent article , demand for warehouse space remains strong, spurred by:. This need for warehouse and distribution will support the construction of new storage facilities, driving demand for such materials as:.

Furthermore, as more warehouses and storage facilities are erected, other products will be needed to outfit these buildings, including:. March 18, - The plastic bag � often derided by environmentalists and subjected to prohibitions on its use � has seen a comeback due to the COVID pandemic. Indeed, demand for plastic bags has risen over the past year, supported by such factors as:.

With these factors providing a boost to the industry, it is no surprise that many leading flexible packaging suppliers are looking for ways to expand production. A recent article highlighted the efforts of one leading flexible plastic packaging producer � Pregis � to do so by adding a bag manufacturing plant in Wisconsin and a facility that makes the equipment used to produce bags. Not only did these moves double the space at a manufacturing plant, but this expansion will enable additional increases production capacity in the future.

We were looking for foods we could easily stockpile. We were eating breakfast at home, not on-the-go. We were leaning into nostalgia and comfort foods, as well as those with a health halo. But, a year on into the pandemic� more kids are back in school, and more people are vaccinated and looking to go back to at least some of their pre-pandemic habits. How do cereal companies move forward and keep those renewed cereal habits going?

Packaging is part of the story. Package it perhaps in a stand-up pouch for dry consumption, as a snack or a topper for yogurt or oats. Package it for individual servings in a single-use bowl preferably molded fiber or other eco-friendly type for away-from-home consumption. Package it for e-commerce, considering the minimum needed to protect the cereal in-transit while saving space in shipments. Reformulating is another part of the story. Elements that add protein or versions that are made gluten-free, vegan, or with less sugar appeals to many modern consumers.

Additionally, classic, fun flavors have nostalgic appeal and attract those who look for a treat or dessert, so incorporating classic flavors or brands into snack bars, cookies, ice cream, or other complementary food items gives consumers more ways to enjoy cereal.

Marketing and reframing is the rest of it. Cereal companies were already doing some of this before the pandemic, but cereal need not only be for breakfast. Other eating occasions that fit this sweet, but nutritionally fortified, nostalgic treat include snacking and dessert.

For many older consumers, favorite childhood cereals are now too sweet for the morning meal, but are attractive as an end-of-the-day mini-indulgence. However, in we are also looking to see where we go next�how many pandemic habits will we continue and what can companies do to support customers continuing habits started or expanded during the pandemic?

As pandemic restrictions ease and we return to a world with daily commutes and kids eating lunch at school, consumers will seek more convenience for their indulgences, creating space in the market for products that give us a feeling of comfort with additional convenience. March 12, - Initially, many thought that stay-at-home orders and boredom would trigger a mini baby boom.

However, overall, there is evidence of a larger-scale baby bust , as. This could have lasting effects on the global economy, particularly if it continues.

Short term effects obviously include reduced demand for baby products from wipes and diapers to food, clothing, toys, and furniture. Longer term, reduced birth rates � particularly in areas such as the EU and Japan that have struggled to keep their birthrates up enough to sustain population levels � could lead to additional aging of the population, with fewer workers to support those aging out of the workforce.

However, the large millennial generation is expected to support a return to growth in the number of births through , even as overall population growth in the US � powered by immigration � continues to outpace gains in the number of births through the same period. Freedonia also offers a catalog of COVID Economic Impact reports , which highlight how various industries are responding to the current crisis with a comparison to recent Outdoor Kitchens Revesby Model recessions.

March 8, - Historically strong year for retail grocery sales in were driven by a variety of factors, including:. More people are being vaccinated, pandemic restrictions are being lifted or will be in the coming month, more people are returning to workplaces, and schools are opening for in-person learning. March 8, - One challenge faced by nearly every household in the US has been that of entertainment: with many activities off-limits due to pandemic-related safety concerns baseball games, concerts, large-scale family gatherings or restricted new movies and television shows , people have had to finds new ways of ending the tedium of staying at home.

These games � popular in the 80s and 90s � might seem to be odd choices for a sales resurgence, given the traditional notion of these games being played by small groups of people sitting around a table� the perfect setting for spreading the coronavirus.

Thus, for many Americans, regular gaming has been a saving throw against boredom, while also offering new entertainments to people who would never have considered the hobby. March 8, - As frequently chronicled in this space, the coronavirus pandemic has caused a number of changes to the US construction industry, as builders, remodelers, and designers adapt to the changing needs of home buyers and owners alike. A recent study by the National Association of Home Builders revealed that the pandemic is continuing to shape the market even as there are signs that the disease is lessening its grip on the US economy.

Residences erected in averaged nearly 2, square feet and had larger numbers of kitchens and bathrooms, indicative of consumer desires for more space, enhanced privacy, and � possibly � the need to accommodate more family members under one roof due to the economic and social dislocations of the pandemic.

March 8, - Perhaps no segment of the US has been more affected by the pandemic than that of the restaurant industry. Restaurants that specialize in sit-down, table service have found their entire business model challenged, while fast-food and fast-casual restaurants have had to adjust their business models to one serving carry-out and delivery customers.


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