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S&P Global Unveils Insights on Future of Global Supply Chains in Latest Look Forward Research Series

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LONDON and SINGAPORE and NEW YORK, Feb. 21, 2024 /PRNewswire/ — S&P Global today published the latest edition of its Look Forward research series, focusing on the most important themes that will drive the development of global supply chains through to 2030.

The global supply chain industry finds itself at a juncture, grappling with pressures from geopolitical tensions, shipping disruptions and looming threats from climate change and technological advances.

These developments have enabled a widespread re-evaluation of the global wave of outsourcing as countries and companies race to understand and adapt to shifting trade patterns.

Against this backdrop, S&P Global’s leading specialists investigate the major themes that will shape supply chains in the decade to come, offering decision-makers a comprehensive overview to chart a resilient course forward.

Highlights from the report include:

Trade remains the bedrock of the global economy – S&P Global expects global trade will grow at a compound rate of 3.3% through to 2028, outpacing GDP growth (2.6%). Global supply chain expansion will be led by Southeast Asia and emerging markets.Supply chain policies will continue to shift towards national security priorities – rising protectionism, resource-guarding, sanctions and investment subsidies could increase inflationary pressures.Higher financing costs reduce firms’ ability and willingness to invest in supply chain resilience; businesses prefer strategies that cut risks and boost profitability, like reshoring and technology enhancements.Foreign direct investments point to Southeast Asia and Mexico as reshoring destinations.Workforce growth disparity between developed and developing economies will disadvantage industrialized market supply chains; cross-border labor mobility is expected to be held back by politics.Despite transporting 45% of global trade by value, the container shipping industry is ill-equipped to finance its decarbonization, with cost burdens remaining a powerful obstacle.

“Whether in the opportunities emerging from evolving dynamics and technologies, or the risks arising across geopolitical spheres, the strategic value of supply chains has never been more evident,” said Edouard Tavernier, President, S&P Global Mobility. “This edition of Look Forward brings together the best of S&P Global research to spotlight the themes shaping supply chains, providing our customers the fresh focus and perspectives to stay ahead.”

For more insights from Look Forward: Supply Chain (Volume 5 | February 2024), please visit: https://www.spglobal.com/look-forward/supply-chain

This is the 5th volume of the Look Forward research series from the S&P Global Research Council. For more information about S&P Global Research Council, please visit: https://www.spglobal.com/en/research-insights/featured/research-council

About S&P Global

S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.

We are widely sought after by many of the world’s leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world’s leading organizations plan for tomorrow, today.

Media Contacts

May Kek
Tel: +65 93737164
may.kek@spglobal.com

Nadja Jiang
Tel: +44 7974 044522
nadja.jiang@spglobal.com 

 

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Info-Tech Research Group’s Best of 2024 Report Reveals Key Trends Shaping the Future of IT

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Info-Tech Research Group, a global leader in IT research and advisory, has recently published its Best of 2024 report. The report highlights IT’s focus on foundational improvements in AI, cybersecurity, data quality, and workforce strategies over the past year, positioning organisations to thrive in an era of exponential technologies.

SYDNEY, Jan. 7, 2025 /CNW/ – Info-Tech Research Group highlights in its recently published Best of 2024 report that exponential advancements in AI and other emerging technologies are reshaping how organisations are preparing for the future. The global research and advisory firm’s Best of 2024 report showcases the most sought-after resources and trends that defined IT priorities and strategies over the past year. Based on trending research consumption and insights, the report indicates that IT leaders are prioritising building strong operational foundations to stay competitive and drive innovation as they look forward to the coming year. The firm explains in the new resource that the technology changes experienced over the past 12 months are not just transforming IT departments but are also influencing broader business strategies and decision-making processes in the long term.

‘The Best of 2024 report highlights the critical priorities for IT leaders across the APAC region,’ says George Khreish, Managing Partner at Info-Tech Research Group, APAC. ‘To keep pace with the accelerating demands of innovation over the coming year, IT leaders must aggressively adopt exponential technologies while strengthening their core IT capabilities and mastering AI and analytics. By preparing to meet the demands of innovation, organisations in APAC can position themselves as leaders in a rapidly transforming digital era.’

The Best of 2024 report reveals that IT leaders strategically prioritised core areas such as cybersecurity, data quality, and operational efficiency while also addressing emerging opportunities in AI and advanced analytics. Info-Tech’s most popular research in 2024 included The CIO Playbook, AI Trends 2025, Tech Trends 2025, and IT Talent Trends 2025, reflecting IT’s commitment to aligning technology strategies with organisational goals and addressing both immediate and future challenges.

‘Our Best of 2024 report details trends that reflect a critical shift in IT leadership, where the emphasis has moved beyond keeping pace and responding to technological change to actively driving it,’ says Gord Harrison, Chief Research Officer at Info-Tech Research Group. ‘Progressive IT leaders are not just addressing immediate needs but are strategically positioning their organisations to harness the transformative potential of exponential technologies like AI and advanced analytics.’

Key Highlights from Info-Tech’s Best of 2024 Report:

Strengthening Core IT Foundations: IT leaders prioritised improving service desk performance, data quality, and analytics to enhance operational efficiency. Among the most popular resources were Standardise the Service Desk and IT Management & Governance Framework Capstone.Proactively Addressing Cybersecurity Risks: Blueprints like Develop a Comprehensive IAM Improvement Strategy and Build an Information Security Strategy supported IT leaders in mitigating privacy and security threats.Harnessing AI and Advanced Analytics: Actionable guidance from Build Your AI Strategy Roadmap and AI Trends 2025 enabled IT teams to integrate emerging technologies, driving innovation and maintaining competitiveness.Building Resilient Talent Strategies: Research such as IT Talent Trends 2025 and Build an Annual IT Talent Strategy provided frameworks for addressing tech talent shortages and fostering workforce resilience.Driving Data-Informed Decisions: Resources like Build a Reporting and Analytical Insights Strategy and Build Your Data Quality Program empowered IT departments to unlock actionable insights and align technology initiatives with business objectives.

The Best of 2024 report illustrates how IT leaders are going beyond adopting cutting-edge technologies to strategically focus on areas that deliver meaningful outcomes. This approach reinforces IT’s role as a critical enabler of innovation and organisational growth.

‘Info-Tech’s Best of 2024 report underscores our dedication to providing IT leaders with the tools and frameworks they need to turn vision into actionable strategies,” says Jack Hakimian, Senior Vice President of Research Development at Info-Tech Research Group. “From AI roadmaps to cybersecurity and talent management, our resources are empowering IT teams to address today’s challenges while building capacity for tomorrow’s innovations.’

As organisations navigate an era of exponential transformation, Info-Tech’s research insights emphasise the importance of balancing immediate operational priorities with a strategic, forward-looking approach. The firm’s actionable resources enable IT leaders to embrace Exponential IT principles, optimise performance, navigate a fragmented vendor market, and deliver at scale on technology innovation.

For exclusive and timely commentary from Info-Tech’s subject matter experts and access to the complete Best of 2024 report, please contact pr@infotech.com.

About Info-Tech Research Group

Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organisations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

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KT&G Rated Strongly by S&P and Moody’s

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– ‘A-‘ by S&P, ‘A3’ by Moody’s—Positive Factors Include Business Stability, Financial Stability, and Global Business Growth

SEOUL, South Korea, Jan. 8, 2025 /PRNewswire/ — On the 7th, KT&G Corporation (“KT&G”) (KRX:033780), South Korea’s leading tobacco manufacturer, announced that it has been assigned A-(Stable) and A3 (Stable) ratings by two of the top three global credit rating agencies, S&P and Moody’s, respectively.

The “A-” rating is a high credit quality rating denoting a good credit status and very low credit risk. KT&G’s rating is a top rating among major Korean companies that are not public enterprises or financial institutions, and is equivalent to the ratings of leading global tobacco companies. The “A3” rating from Moody’s is also a top rating among Korean companies, and recognizes KT&G’s sound financial stability.

Global credit rating agencies determined that KT&G had high business stability, based on a dominant position in the Korea’s tobacco market. Stable profit generation and low financial leverage ratio were also positive factors. Furthermore, KT&G’s outstanding performance in the NGP (Next Generation Products) sector and diverse portfolio spanning across ginseng and other non-tobacco sectors were also highly rated.

Global credit rating agencies were particularly interested in KT&G’s global business growth, and went on to state that KT&G’s global business can expect further expansion based on KT&G’s growth investment such as establishment of new factories in Indonesia and Kazakhstan.

In June 2023, KT&G received “AAA(Stable)” issuer credit ratings from the three major Korean ratings agencies, Korea Ratings, Korea Investor Service, and NICE Investor services. 

KT&G’s spokesperson said that “global credit rating agencies recognizes KT&G’s faithful execution of mid-to-long term vision plans and financial stability” and that “going forward, KT&G will continue its effort to build a stable financial structure based on high credibility, and will invest in the core businesses in line with its ‘leap to a Global Top-tier’ vision.”

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SOURCE KT&G Corporation

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Edge Data Center Market to Grow by USD 45.1 Billion (2025-2029), Driven by Video Streaming Demand and AI Redefining the Market Landscape – Technavio

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NEW YORK, Jan. 7, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global edge data center market size is estimated to grow by USD 45.1 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 32.8% during the forecast period. Rising demand for video streaming services is driving market growth, with a trend towards implementation of ai in data centers. However, monitoring edge data center equipment across multiple locations poses a challenge. Key market players include 365 Data Centers, Compass Datacenters LLC, DC BLOX Inc., Dell Technologies Inc., Digital Realty Trust Inc., Eaton Corp plc, EdgeConneX Inc., Equinix Inc., Flexential Corp., Friedhelm Loh Stiftung and Co. KG, Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., Johnson Controls International Plc, Panduit Corp., Schneider Electric SE, Vapor IO Inc., Vertiv Holdings Co., ATC IP LLC; Cisco Systems Inc; Endeavor Business Media LLC, IBM, NVIDIA Corporation, CommScope.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Edge Data Center Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 32.8%

Market growth 2025-2029

USD 45102 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

24.8

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 47%

Key countries

US, Germany, China, Canada, UK, France; Italy; Spain; India; Japan; Australia; South Korea; Brazil; Mexico; Argentina; UAE; Saudi Arabia; South Africa

Key companies profiled

365 Data Centers, Compass Datacenters LLC, DC BLOX Inc., Dell Technologies Inc., Digital Realty Trust Inc., Eaton Corp plc, EdgeConneX Inc., Equinix Inc., Flexential Corp., Friedhelm Loh Stiftung and Co. KG, Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., Johnson Controls International Plc, Panduit Corp., Schneider Electric SE, Vapor IO Inc., Vertiv Holdings Co, ATC IP LLC; Cisco Systems Inc; Endeavor Business Media LLC, IBM, NVIDIA Corporation, CommScope

Market Driver

Edge data centers are gaining popularity in today’s digital world due to the increasing demand for real-time data analysis, low latency, and improved application performance. Big data, artificial intelligence, cloud, streaming services, and 5G are driving this trend. Edge data centers enable businesses to process data closer to the source, reducing network traffic and improving the streaming experience for customers. E-commerce platforms like Walmart, branch offices, production floors, and remote sites benefit from edge data centers for data processing and industrial automation. Industries like logistics, healthcare, and retail are adopting edge data centers for AI applications, machine learning, and natural language processing. Companies like Dell Technologies, Equinix Inc, and EdgeConneX Inc provide components and services for edge data centers, including modular data centers, IT racks & enclosures, DCIM software, and colocation services. The edge data center market is expected to grow as more industries seek to enhance business agility and application performance while minimizing operating costs. Additionally, industries like gaming & entertainment, industrial automation, and autonomous automobiles are expected to drive further growth in the edge data center market. However, challenges such as dust, heat, and vibration must be addressed to ensure reliable remote operations. 

Edge data centers are enhancing energy efficiency through the application of Artificial Intelligence (AI). By computing server, power system, and cooling system performance, AI enables faster decision-making and efficiency. Service providers utilize AI in data center automation software to reduce human resources and optimize energy use. Additionally, AI facilitates energy-efficient cooling through controlled mechanical cooling processes, maximizing power usage effectiveness in the overall data center operation. 

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Market Challenges

Edge data centers are becoming essential for businesses to address the challenges of big data, artificial intelligence, cloud, streaming services, and 5G. These centers enable real-time data analysis, improved application performance, and better streaming experience for customers. E-commerce platforms like Walmart and industrial applications in sectors such as logistics, healthcare, and retail rely on edge data centers for business agility and reduced latency. Edge data centers are also crucial for industrial automation, autonomous automobiles, and AI applications like machine learning and natural language processing. Dell Technologies, Equinix Inc, EdgeConneX Inc, and vXchnge are key players in this market, offering components, services, and IT racks & enclosures. Edge data centers help businesses operate efficiently by minimizing network traffic and managing operating costs. Modular data centers are a popular solution for branch offices, production floors, and remote sites. However, challenges such as dust, heat, vibration, and remote operations require specialized solutions.Managing edge data centers involves overseeing unique power and cooling systems at multiple locations. Accurately maintaining an inventory of assets across these sites necessitates real-time monitoring of cabinet equipment, including servers, networking devices, power distribution units (PDUs), and patch panels, as well as infrastructure devices and structured cabling. To effectively address this challenge, end-users require a centralized dashboard displaying real-time power and environmental status of their edge data centers. This information enables early detection of potential issues such as hot spot formation, power capacity limitations, and redundancy loss. However, to efficiently manage IT equipment from the core to the edge data center, organizations must employ Network Operations Center (NOC) technicians and experts.

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Segment Overview 

This edge data center market report extensively covers market segmentation by

End-user 1.1 IT and telecommunication1.2 Manufacturing and automotive1.3 BFSI1.4 Healthcare and life sciences1.5 OthersComponent 2.1 IT infrastructure2.2 General construction2.3 Power management systems2.4 Cooling systems2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and AfricaFacility size

1.1 IT and telecommunication- The edge data center market in the IT and telecommunication sectors refers to the provision of decentralized facilities designed to cater to the specific needs of these industries. Edge data centers, located near end-users or data sources, offer low latency and high-bandwidth processing and storage. In the IT segment, they support services like cloud computing, CDNs, IoT, AI, and real-time analytics, by providing local processing power, storage, and network connectivity. Telecommunication companies benefit from edge data centers by minimizing latency, offering high bandwidth, and enabling localized data processing. These data centers also enhance reliability and security. In the telecom industry, they support activities such as NFV and SDN, optimizing network performance and reducing infrastructure costs. The growth of data-intensive applications, IoT devices, real-time analytics, and cloud-based services is driving the demand for edge data centers in both IT and telecommunication sectors, leading to market expansion during the forecast period.

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Research Analysis

The Edge Data Center Market is experiencing significant growth due to the increasing demand for real-time data analysis, low latency, and high performance in various industries. Big data, artificial intelligence, cloud, streaming services, and 5G are driving this trend, as businesses seek to improve business agility and enhance the streaming experience for customers. Edge data centers are being deployed in diverse settings, from e-commerce platforms and Walmart’s supply chain to branch offices, production floors, remote sites, and industrial automation. Edge data centers are essential for AI applications, machine learning, natural language processing, and other data-intensive tasks. However, they present unique challenges, such as managing operating costs, network traffic, and dealing with dust, heat, vibration, and other environmental factors. Dell Technologies and other key players are addressing these challenges with innovative solutions for remote operations and maintenance.

Market Research Overview

The Edge Data Center Market is experiencing significant growth due to the increasing demand for real-time data analysis and application performance in various industries. Big data, artificial intelligence, cloud, streaming services, and 5G are driving the need for data processing at the edge, closer to the source of data generation. Network traffic and latency are key concerns, as businesses seek to improve the streaming experience for customers, enhance business agility, and support industrial automation and AI applications. E-commerce platforms, branch offices, production floors, remote sites, and the logistics industry are among the sectors benefiting from edge data centers. Dust, heat, and vibration are challenges to be addressed in edge data center design and operations. Modular data centers, components, IT racks & enclosures, DCIM software, and services are essential for building and managing edge data centers. Industries such as healthcare & life science, retail & e-commerce, gaming & entertainment, and industrial automation are also leveraging edge data centers for data processing and AI applications, including machine learning and natural language processing. Dell Technologies, Equinix Inc, EdgeConneX Inc, and vXchnge are some of the companies providing edge data center solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userIT And TelecommunicationManufacturing And AutomotiveBFSIHealthcare And Life SciencesOthersComponentIT InfrastructureGeneral ConstructionPower Management SystemsCooling SystemsOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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