Technology
ASIA’S SUPPLIERS GROWING AT THE FASTEST PACE SINCE EARLY 2023, AS GLOBAL MANUFACTURING GATHERS FURTHER MOMENTUM IN JUNE: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
Published
10 months agoon
By

Global suppliers report capacity pressures, with index in positive territory for a second consecutive monthAsian manufacturing growth accelerating in China, Taiwan, Vietnam and IndiaIn contrast, demand at North American suppliers fell slightly because of lower orders, indicating a tightening economyTransportation costs rise to 20-month high, as greater activity drives up shipping and container rates
CLARK, N.J., July 12, 2024 /PRNewswire/ — For the second consecutive month, the GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — continued in positive territory. This indicates another month where global supply chains got busier and capacity was stretched across suppliers worldwide. At 0.13, the index was little-changed from May’s 14-month high of 0.21.
At the forefront of supply chain activity growth is Asia, where input demand jumped as factory activity in major manufacturing and exporting economies — led by China, Taiwan, Vietnam and India — accelerated.
In contrast to Asia, which has seen steady month-over-month growth since April, North America’s suppliers oscillate between under- and overutilized capacity. In June, factory input demand fell slightly, with suppliers experiencing reduced demand. However, on average since the start of 2024, North American vendors have generally been operating at full capacity.
The European market is still operating with some slack as factory purchasing activity across the continent remains subdued. This suggests the region’s manufacturing recovery still has a way to go, though conditions have vastly improved compared with the end of last year.
An early warning sign of potential overheating ahead is global transportation costs, which rose to their highest level since October 2022 in June as strengthening activity across global supply chains led to higher shipping and container rates. For now, reports of safety stockpiling remain low, suggesting the market is well placed in a “goldilocks” zone and stress levels are subdued.
“Asian manufacturers are gaining momentum, which, if sustained into the second half of the year, will mean a return of increasing costs and price pressures for global companies,” explained Amol Jawale, vice president, consulting, GEP. “Now is the perfect time for a company’s procurement to lock in pricing with key suppliers for 2025.”
Interpreting the data:
Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are.
Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.
JUNE 2024 KEY FINDINGS
DEMAND: Global demand for raw materials, commodities and components is now trending broadly level with its long-term average, indicating that global manufacturing has moved toward an upswing in the business cycle. Asia remains at the forefront of this upturn, led by India, China, Taiwan and Vietnam.
INVENTORIES: The inventory cycle has stabilized, with firms neither building up stocks excessively nor aggressively destocking to improve cashflow and cut costs.
MATERIAL SHORTAGES: Global reports from businesses of items in short supply remain anchored at historically typical levels.
LABOR SHORTAGES: As was the case in May, reports from global suppliers of an inability to meet orders due to staff shortages were more common than seen historically on average. This suggests capacity expansion is required to sustainably meet current and future demand.
TRANSPORTATION: Global transportation costs rose to a 20-month high in June, with shipping and container rates under pressure because of increasing supply chain activity.
REGIONAL SUPPLY CHAIN VOLATILITY
NORTH AMERICA: Index fell to -0.11, from 0.09, down slightly from May’s three-month high. The index has fluctuated between positivity and negativity this year but signals full capacity utilization on average in 2024.EUROPE: Index unchanged from May’s 14-month high of -0.13. There continues to be some slack across Europe’s manufacturing sector, although it is much reduced from 2023 levels. U.K.: Index rose to 0.49, from 0.15, signaling strongest capacity pressures since January 2023. ASIA: Index rose further in June to 0.35, from 0.19, a 16-month high, as Asian supply chains became busier amid strengthening factory activity in major markets such as China, Vietnam, Taiwan and India.
For more information, visit www.gep.com/volatility.
Note: Full historical data dating back to January 2005 is available for subscription. Please contact economics@spglobal.com.
The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m. ET, August 12, 2024.
About the GEP Global Supply Chain Volatility Index
The GEP Global Supply Chain Volatility Index is produced by S&P Global and GEP. It is derived from S&P Global’s PMI® surveys, sent to companies in over 40 countries, totaling around 27,000 companies. The headline figure is a weighted sum of six sub-indices derived from PMI data, PMI Comments Trackers and PMI Commodity Price & Supply Indicators compiled by S&P Global.
A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing. The further above 0, the greater the extent to which capacity is being stretched.A value below 0 indicates that supply chain capacity is being underutilized, reducing supply chain volatility. The further below 0, the greater the extent to which capacity is being underutilized.
A Supply Chain Volatility Index is also published at a regional level for Europe, Asia, North America and the U.K. For more information about the methodology, click here.
About GEP
GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 550 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals. A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters. GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.
About S&P Global
S&P Global (NYSE: SPGI) S&P Global 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.
Disclaimer
The intellectual property rights to the data provided herein are owned by or licensed to S&P Global and/or its affiliates. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without S&P Global’s prior consent. S&P Global shall not have any liability, duty or obligation for or relating to the content or information (“Data”) contained herein, any errors, inaccuracies, omissions or delays in the Data, or for any actions taken in reliance thereon. In no event shall S&P Global be liable for any special, incidental, or consequential damages, arising out of the use of the Data. Purchasing Managers’ Index™ and PMI® are either trade marks or registered trade marks of S&P Global Inc or licensed to S&P Global Inc and/or its affiliates.
This Content was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global. Reproduction of any information, data or material, including ratings (“Content”) in any form is prohibited except with the prior written permission of the relevant party. Such party, its affiliates and suppliers (“Content Providers”) do not guarantee the accuracy, adequacy, completeness, timeliness or availability of any Content and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such Content. In no event shall Content Providers be liable for any damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with any use of the Content.
Media Contacts
Derek Creevey
Director, Public Relations
GEP
Phone: +1 732-382-6565
Email:
derek.creevey@gep.com
Joe Hayes
Principal Economist
S&P Global Market Intelligence
Phone: +44-1344-328-099
Email: joe.hayes@spglobal.com
S&P Global Market Intelligence
Email: Press.mi@spglobal.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/asias-suppliers-growing-at-the-fastest-pace-since-early-2023-as-global-manufacturing-gathers-further-momentum-in-june-gep-global-supply-chain-volatility-index-302195001.html
SOURCE GEP
You may like
Technology
Data Catalog Market is expected to generate a revenue of USD 5.72 Billion by 2031, Globally, at 22.61% CAGR: Verified Market Research®
Published
5 minutes agoon
May 19, 2025By

The Data Catalog Market presents strong growth potential driven by rising data complexity, cloud adoption, and compliance needs. However, high implementation costs and legacy system challenges demand careful planning. North America’s dominance highlights the importance of targeting mature markets with established digital ecosystems. For successful market entry, vendors should focus on scalable, secure solutions with seamless cloud integration, while offering flexible pricing models to appeal to mid-sized enterprises.
LEWES, Del., May 19, 2025 /PRNewswire/ — The Global Data Catalog Market Size is projected to grow at a CAGR of 22.61% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1.28 Billion in 2024 and is expected to reach USD 5.72 Billion by the end of the forecast period.
The Data Catalog Market is witnessing robust growth due to surging demand for streamlined data discovery, metadata management, and self-service analytics across industries.
Key Highlights of the Report:
Market Size & Forecast – In-depth analysis of current value and future projections.Segment Analysis – Detailed study across Component, Deployment Mode, and End-User.Regional Insights – Comprehensive coverage of North America, Europe, Asia-Pacific, and more.Competitive Landscape – Profiles of top players and their strategic initiatives.Technology Trends: Analyzes adoption of AI, ML, and automation in enhancing catalog functionalities.Regulatory Impact – Assessment of global and regional compliance frameworks.Investment Opportunities: Identifies hot spots for M&A, product innovation, and emerging use cases.
Why This Report Matters:
This report offers strategic insights into the rapidly evolving Data Catalog Market, equipping decision-makers with actionable intelligence on growth opportunities, emerging technologies, and competitive dynamics that directly impact data management investments.
Who You Should Read This Report:
CIOs & CTOs – For shaping enterprise data architecture and governanceData Analysts & Scientists – To enhance data discovery and usabilityIT Leaders – For integrating catalog solutions into cloud or hybrid infrastructureB2B Buyers & Consultants – Seeking in-depth vendor and segment evaluationsInvestors & Strategists – Exploring market entry and portfolio expansion opportunities
For more information or to purchase the report, please contact us at: https://www.verifiedmarketresearch.com/download-sample?rid=26914
Browse in-depth TOC on “Global Data Catalog Market Size“
202 – Pages
126 – Tables
37 – Figures
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
GROWTH RATE
CAGR of ~22.61% from 2024 to 2031
BASE YEAR FOR VALUATION
2024
HISTORICAL PERIOD
2021-2023
FORECAST PERIOD
2024-2031
QUANTITATIVE UNITS
Value (USD Billion)
REPORT COVERAGE
Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Competitive Landscape, Key Players, Segmentation Analysis
SEGMENTS COVERED
By ComponentBy Deployment ModeBy End-User
REGIONS COVERED
North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa
KEY PLAYERS
Alation, Inc., Collibra NV, Informatica Inc., IBM Corporation, TIBCO Software Inc., Hitachi Vantara LLC, Alteryx, Inc., Datawatch Corporation, Microsoft Corporation, and Amazon Web Services, Inc.
CUSTOMIZATION
Report customization along with purchase available upon request.
Global Data Catalog Market Overview
Market Driver
Surge in Data Volume and Complexity: The exponential proliferation of data produced by IoT devices, enterprise systems, customer interactions, and third-party platforms has resulted in heightened data complexity. Organizations are currently compelled to extract useful insights from extensive, sometimes siloed and unstructured datasets. Data catalog systems provide centralized metadata stores that facilitate data search, lineage tracking, and classification, enabling expedited access to reliable data and enhancing analytical productivity across departments.
Rising Adoption of Cloud-Based Solutions: Organizations are progressively transitioning to cloud, multi-cloud, and hybrid IT infrastructures to enhance scalability and minimize infrastructure expenses. This transfer frequently results in fragmented data environments, causing difficulties in data visibility and control. Data catalogs provide effortless connectivity across several cloud platforms, facilitating cohesive perspectives of dispersed data assets. This not only improves agility and decision-making but also enables firms to optimize cloud investments and facilitate real-time analytics.
Demand for Regulatory Compliance & Data Governance: The emergence of data privacy legislation like GDPR, CCPA, and HIPAA has necessitated that enterprises establish comprehensive data governance frameworks. Non-compliance may lead to significant monetary fines and harm to reputation. Data catalogs provide automated data classification, policy enforcement, and the production of audit trails, so enhancing compliance efficiency and reliability. Businesses are progressively using catalog solutions to mitigate legal risks, implement access restrictions, and ensure transparency in data utilization.
To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=26914
Market Restraint
High Implementation and Integration Costs: Implementing a comprehensive data catalog solution typically necessitates significant financial expenditure, encompassing software license, infrastructure enhancements, personnel training, and consultancy services. Moreover, incorporating new tools into legacy systems can be laborious and resource-demanding. For numerous mid-sized and budget-conscious organizations, substantial initial expenses and ambiguous return on investment may serve as impediments, postponing adoption despite the clear necessity for enhanced data management.
Data Silos and Legacy System Constraints: Numerous companies continue to function with antiquated or isolated systems that fail to accommodate contemporary metadata frameworks. The disjointed systems hinder the centralization and standardization of metadata, complicating the establishment of a singular source of truth. The efficacy of data catalog solutions is markedly diminished when integration is impracticable. This limitation impedes data democratization initiatives and constrains the complete attainment of analytical and operational advantages.
Concerns Over Data Privacy and Security: Although data catalogs enhance data accessibility, they also pose risks if stringent access controls and security measures are not established. Inadequate metadata disclosure may result in unauthorized access to sensitive or classified material. In sectors like finance and healthcare, where data sensitivity is paramount, apprehensions around security breaches and compliance infractions may impede adoption. Organizations must meticulously balance transparency with security, hence increasing implementation complexity.
Geographical Dominance
North America leads the Data Catalog Market owing to its early embrace of advanced analytics, significant presence of major IT firms, and rigorous legislative frameworks that promote data governance. Businesses in the U.S. and Canada are swiftly allocating resources to metadata management and cloud integration, hence increasing the demand for catalog solutions. The region’s developed IT infrastructure and innovation-centric economy establish it as the leader in market expansion and technological progress.
Key Players
The “Global Data Catalog Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Alation, Inc., Collibra NV, Informatica Inc., IBM Corporation, TIBCO Software Inc., Hitachi Vantara LLC, Alteryx, Inc., Datawatch Corporation, Microsoft Corporation, and Amazon Web Services, Inc.
Data Catalog Market Segment Analysis
Based on the research, Verified Market Research has segmented the global market into Component, Deployment Mode, End-User, and Geography.
Data Catalog Market, by Component:SolutionsServices
Data Catalog Market, by Deployment Mode:Cloud-BasedOn-Premises
Data Catalog Market, by End-User:HealthcareManufacturing
Data Catalog Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America
Browse Related Reports:
Global Database As A Service (DBaaS) Market Size By Type of Database Service (Relational Database, NoSQL Database), By Service Model (Fully Managed, Self-Service), By Industry Vertical (Financial Services, Healthcare), By Enterprise Size (Large Enterprises, Small and Medium Enterprises (SMEs)), By Geography, And Forecast
Global Test Data Management Market Size By Component (Software/Solutions and Services), By Deployment Mode (Cloud-based and On-Premises), By Enterprise Level (Large Enterprises and SMEs), By Application (Synthetic Test Data Generation, Data Masking), By End User (BFSI, IT & telecom, Retail & Agriculture), By Geography, And Forecast
Global AI And Machine Learning Operationalization Software Market Size By Application (Predictive Analytics, Natural Language Processing, Computer Vision, Speech Recognition, Anomaly Detection), By Deployment (On-Premises, Cloud-Based, Hybrid), By Functionality (Model Deployment And Management, Data Preprocessing And Feature Engineering, Model Monitoring And Performance Evaluation, Integration With Existing Systems), By End-User (Healthcare, Finance, Retail, Manufacturing, Automotive, Government, Media And Entertainment, Telecommunications, Energy And Utilities, Education), By Geography, And Forecast
Global Dense Wave Digital Multiplexing (DWDM) System Market Size By Product Type (Synchronous Optical Network Data (SONET), Internet Protocol (IP)), By Application (BFSI, It & Telecommunication, Healthcare & Life Sciences), By Geography, And Forecast
Top 7 Master Data Management Solutions delivering accurate data across all organizational levels
Visualize Data Catalog Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.
With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.
VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.
Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.
Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter | Threads | Instagram | Facebook
Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/data-catalog-market-is-expected-to-generate-a-revenue-of-usd-5-72-billion-by-2031–globally-at-22-61-cagr-verified-market-research-302459032.html
Technology
From Web3 to Wall Street: Bybit Becomes the First Crypto Exchange to Offer Direct Global Stock Trading with USDT
Published
5 minutes agoon
May 19, 2025By

DUBAI, UAE, May 19, 2025 /PRNewswire/ — In a landmark move bridging traditional and decentralized finance, Bybit, the world’s second-largest crypto exchange by trading volume, has launched direct trading of top global stocks with USDT. This innovation—part of Bybit’s expanding Gold & Forex (MT5) product suite— unlocks direct trading of 78 of the most sought-after global equities—including Apple ($AAPL), Tesla ($TSLA), Meta ($META), Nvidia ($NVDA), and Amazon ($AMZN)—all powered by USDT. Users can now tap into traditional markets like stocks, gold, oil, indices, and forex, without fiat onboarding or leaving the crypto ecosystem.
With this launch, Bybit became the first and only major crypto exchange to unify crypto, stocks, and traditional assets under one roof, enabling seamless trading across asset classes from a single account and wallet. Whether you’re chasing earnings, hedging exposure, or responding to global macro shifts, this upgrade delivers crypto-native speed, simplicity, and flexibility to global markets.
From Bitcoin to Wall Street and beyond, Bybit traders can now move fluidly between digital and traditional markets—leveraging the power of stablecoins to access a full spectrum of global opportunities in real time.
Why This is a Game Changer
Access Top Global Stocks: Including Apple ($AAPL), Tesla ($TSLA), Meta ($META), Nvidia ($NVDA), Amazon ($AMZN), and more—all now live on Bybit Gold & FX (MT5).One Platform, All Trading: Trade crypto, stocks, gold, oil, indices, and forex—all using USDT.Seamless, Crypto-Native Execution: No fiat required. No barriers. Just pure trading freedom.
Whether you’re hedging crypto volatility with gold, speculating on oil or forex, or investing in tech stocks, Bybit’s enhanced Gold & FX offering opens the door to a truly unified financial experience.
Wall Street Meets Web3: Limited-Time Launch Offer
To celebrate this milestone, Bybit is launching the “Wall Street meets Web3” campaign. From June 2 to June 15, 10:00 (UTC), all users will receive a 50% discount on trading fees for stock trades made through Bybit Gold & FX. It’s your chance to explore the future of finance—where the flexibility of crypto meets the legacy of Wall Street—at half the cost.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2690597/From_Web3_Wall_Street_Bybit_Becomes_First_Crypto_Exchange_Offer.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/from-web3-to-wall-street-bybit-becomes-the-first-crypto-exchange-to-offer-direct-global-stock-trading-with-usdt-302458937.html
Technology
Comcast Supports Military Veterans with Laptop Giveaway and Lift Zone Opening
Published
5 minutes agoon
May 19, 2025By

Tech leader launches newest Lift Zone to expand digital access
KNOXVILLE, Tenn., May 19, 2025 /PRNewswire/ — Comcast has partnered with the Liberty Place Housing Complex to launch a new Lift Zone aimed at promoting digital literacy and increasing access to technology for its residents. The opening ceremony and laptop giveaway, held at Liberty Place H, featured City of Knoxville Mayor Indya Kincannon, Knox County Mayor Glenn Jacobs, Comcast Vice President of Government Affairs Melinda Little, and Knoxville’s Community Development Corporation Chief Strategy Officer Marisa Moazen.
Comcast’s Veteran-focused employee resource group (ERG), VetNet, played a key role in the event by providing each resident with a personal letter of appreciation. VetNet members include Comcast employees who are veterans, active military, military family members and other supporters of the military community.
Comcast Investing in the Veteran Community
The event began with an opening ceremony announcing the launch of the new Lift Zone, followed by the presentation of 35 laptops to the residents of Liberty Place.
“The residents of Liberty Place have made countless sacrifices in service to our country,” said City of Knoxville Mayor Indya Kincannon. “This act of generosity by Comcast helps to remind them that we are grateful, recognize their sacrifice, and are committed to their growth.”
Since 2015, Comcast has hired more than 21,000 veterans, National Guard and reserve service members and military spouses, and the Veteran Network ERG has over 9,000 members. In 2024, Comcast earned recognition for the third consecutive year as a top three overall employer in the Military Times’ “Best for Vets” rankings.
Expanding Access to Digital Resources
“Providing internet access and laptops to our veterans is a major step in showing them the importance of technology and the impact these tools have on our lives,” said Knox County Mayor Glenn Jacobs. “Thank you to Comcast for this contribution to our veterans.”
The newly launched Lift Zone provides free high-speed internet access for residents at Liberty Place. This housing complex features 32 fully furnished units for veterans who have experienced homelessness or are at risk of homelessness.
“Creating Lift Zones and providing resources that encourage digital access are a major part of Comcast’s commitment to the communities we serve,” said Melinda Little, Vice-President of Government Affairs at Comcast. “The laptops, and reliable, high-speed internet provided by Comcast today will be instrumental in helping these veterans begin their next chapters.”
Comcast’s Longstanding Commitment to Knoxville
Comcast has served Knoxville for nearly three decades through Project UP, a 10-year, $1 billion effort launched in 2021 to foster digital opportunity. As part of this initiative, the Internet Essentials program has helped over 680,000 Knoxville residents connect to affordable home internet since its launch in 2011. Additionally, Comcast has established WiFi-connected “Lift Zones” at local community centers, providing safe spaces for students and families to engage in distance learning, complete homework, acquire digital skills, and search for employment.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations Experiences. Visit www.comcastcorporation.com for more information.
Media Contact
Donnie Hannah
donald_hannah@comcast.com
(470) 322-8272
View original content to download multimedia:https://www.prnewswire.com/news-releases/comcast-supports-military-veterans-with-laptop-giveaway-and-lift-zone-opening-302459057.html
SOURCE Comcast


Data Catalog Market is expected to generate a revenue of USD 5.72 Billion by 2031, Globally, at 22.61% CAGR: Verified Market Research®

From Web3 to Wall Street: Bybit Becomes the First Crypto Exchange to Offer Direct Global Stock Trading with USDT

Comcast Supports Military Veterans with Laptop Giveaway and Lift Zone Opening

Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network

New Gooseneck Omni Antennas Offer Enhanced Signals in a Durable Package

Huawei Launches Global City Intelligent Twins Architecture to Accelerate City Digital Transformation

Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs

Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network

NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
Trending
-
Near Videos4 days ago
DevHub Live Episode 48 – Developer News, Infra RFPs and what’s new with the Wallet Selector
-
Coin Market3 days ago
Tokenization makes investing more accessible — Robinhood exec
-
Coin Market3 days ago
Bitcoin bull flag and standard profit taking hint at eventual rally to new BTC price highs
-
Technology3 days ago
Canaan Inc. Receives Nasdaq Notification Regarding Minimum Bid Requirements
-
Technology3 days ago
BOARDWALKTECH ANNOUNCES NEW NON-BROKERED LIFE OFFERING AND CLOSES PRIOR OFFERING
-
Technology4 days ago
D-Link AQUILA PRO AI M95 Wins Red Dot Design Award 2025
-
Coin Market3 days ago
Filecoin, Lockheed Martin send data in space using decentralized data protocol
-
Technology2 days ago
GMI Cloud Scales Up With New HQ in Mountain View, CA