End the week with the latest from The Freedonia Group and Packaged Facts, including fresh insights and analysis on electric bus trends, global tariffs and the countertops industry, and the grocery shopping habits of affluent shoppers, plus a broad look at 5-year growth rates in over 100 subsectors of the U.S. business economy. 

Genomic medicine has the potential to save lives, transform medical practice around the world, and drive billions of dollars of economic activity, according to a new white paper by BIS Research titled The Five Forces of Genomic Medicine.

According to a report from The Business Research Company, the cold chain logistics market, which moves biologics, is growing faster globally than the non-cold-chain logistics market, which transports small molecule drugs. Between 2012 and 2018, the cold-chain logistics market more than doubled in size, while the non-cold-chain logistics market grew by only 36% in comparison.

In 2018, the U.S. business economy was $37 trillion, representing the total revenue generated by private companies (including intermediate products, which aren’t included in GDP figures). Over the past 5 years, the U.S. business economy has grown 3.2% annually for a total growth of $5.4 trillion. Yet, growth has been very uneven across sectors.

Get up to speed on the latest insights from Packaged Facts and The Freedonia Group. Our analysts spent the week covering topics in finance, sustainable packaging, key trends in the food industry, and more.

The rise of robotics and automation across all industries is not something new. From automotive, warehousing and logistics to supply chain management to travel and hospitality to healthcare, robotics has become the most critical innovation of this decade. Talking particularly about healthcare, experts believe that autonomous robots could soon be regular members of any hospital’s staff, performing diagnostic duties, reading case histories and even assisting in surgeries.

The food industry has many large, mature categories, but the competitive landscape is far from static. Food marketers and retailers are constantly strategizing how to profit from the hottest market segments, update their product lines and service offerings, and reel in the most lucrative consumers.

Summer is nearly over, but you can still take a break with some of the latest insights from the analysts at The Freedonia Group, Freedonia Focus Reports, and Packaged Facts. Check out an innovative interactive graphic detailing the U.S. business economy, as well as new data on alternative water sources, shoe manufacturing, pet supplies, and biopharmaceutical manufacturing in China.

According to Advances in Biopharmaceutical Technology in China, 2nd Ed, a report from BioPlan Associates, China is making strides in raising its Good Manufacturing Process (GMP) standards as it works to improve its global profile. GMP biopharmaceutical manufacturing has a short history in China, with the first version of guidance issued in 1998. In 2010, China's Ministry of Health released its fourth version of China GMP, with this iteration significantly raising the standards to be met by domestic biopharmaceutical developers.

Check out a fascinating interactive chart of the entire U.S. business economy by Kentley Insights. The chart includes the total revenue generated by the 1,000+ industries of the U.S. business economy. Click on a section to get into the industry specifics and then on the center of the circle to get back out.