Walmart is famous for its ability to deliver “products that are so darn cheap you can’t believe it.” But there’s more to Walmart’s business strategy than low prices.

In a four-part series, the market research firm Packaged Facts examines critical aspects of Walmart’s business model and the factors that motivate consumers to shop there. This article shares key findings from these reports to help explain how Walmart has built and maintained such a strong competitive advantage in multiple industry categories.

It was a busy week here at MarketResearch.com. Industry analysts published new articles on a wide variety of topics, from Walmart shoppers to K-12 publishing trends. 

In a series of blog posts and white papers, Freedonia also examined the potential impact of tariffs, going beyond broad generalizations to dissect specific industry categories. Read Freedonia's free white paper for 49 pages of fresh analysis.

Markets are evolving at a faster pace than before, and constant technological innovations have become the norm. Technology plays an important role in shaping the operations of various industries, and it also impacts other crucial activities such as scientific research and public safety. One example is the rising use of drone technology, also known as unmanned aerial vehicles (UAVs).

The in vitro diagnostics market continues to attract the interest of investors and healthcare providers alike. Clinical testing is used for 70 percent of healthcare decisions and can help provide more targeted therapy at a lower cost.

This week, industry analysts covered news items and research related to the pet industry, clinical chemistry, electric vehicles, tariffs, pressure sensitive tapes, and smart farming. Scan the headlines below to learn more.

There are many different sources for new business opportunities, but according to Raffi Amit, a professor of management at the Wharton School, perhaps the most promising ideas come from fully understanding customer needs.

According to a new market intelligence report by BIS Research, the global smart farming market is expected to reach $23.14 billion by 2022, rising at a compound annual growth rate (CAGR) of 19.3% from 2017 to 2022.

The market growth is primarily attributed to the increasing demand for higher crop yield, the growing penetration of information and communication technology (ICT) in farming, and the increasing need for climate-smart agriculture.

Read the latest articles written by expert industry analysts at The Freedonia Group and Kalorama Information.

Plus, be sure to download The Freedonia Group's newest white paper US & Canada: Tariff Impact Report for deeper insights into the on-going effects of the trade war.

Identifying “the next big thing” is no easy task, but companies must constantly seek out new market opportunities in order to sustain long-term growth in an increasingly competitive environment.

Finding ways to generate additional revenue is at the cornerstone of any successful organization, and it’s particularly important now, as disruptive innovation, shifting trade policies, and rapidly evolving technologies force companies to adapt quickly.

The chemical industry will continue to undergo rapid change in the next decade. Chemical companies must adapt quickly to maintain a competitive edge, overcome challenges, and embrace new market opportunities.

This article describes three major chemical industry trends to watch in the coming years, based on studies published by MarketsandMarkets, a global market research firm.