Resources

WHAT'S NEXT?: The world is depleting its natural resources at an alarming rate due to population growth and over consumption. Increased competition for ever-diminishing food and water resources may amplify socio-economically motivated armed conflicts and causing quests for more efficient resources on and beyond Planet Earth.

• [New] US Gulf of Mexico production will reach a record 2.4 million b/d in 2026, due to deepwater discoveries of oil and natural gas resources.
• [New] Deepwater discoveries of oil and natural gas resources in the Gulf of Mexico is expected to lead offshore production in the Lower 48, reaching a record 2.4 million barrels per day in 2026.
• There is an opportunity for US hotel spas to offer family packages and customize the experiences based on each family member, which will allow hotel spas to capture the highest amount of revenue.
• The Australian Government will provide $10.0 million over four years from 2019-20 to create a dedicated network of Aged Care System Navigators to assist people and their families from culturally and linguistically diverse backgrounds access the aged care system.
• Given Orlando's projected population growth for the coming 5 years, it does not come as a surprise that the majority of respondents (a whopping 75%) recommend buying multi-family homes for investment.
• Owing to the increasing per capita disposable incomes, busy lifestyles, and growing demand for on-the-go beverages, the global RTD tea market size is projected to grow significantly in the coming years.
• The National Retail Federation is predicting back-to-school sales will reach a record per-family high this year of $696.70, but because fewer families have school age children, overall spending will drop to $26.2 billion, down from $27.5 billion last year.
• Dental lasers market is expected to witness significant growth due to changing lifestyles across the world and subsequent increase in the health awareness associated with dental care in the developing and developed regions.
• Families in the U.S. are expected to spend an average of $696 on back-to-school supplies this year, the highest amount ever recorded by the National Retail Federation.
• The Trump administration is expected to announce new rules that would allow U.S. authorities to detain families for longer periods if they travel across the U.S.-Mexico border with children.
• Factors including the increasing variety of dual-earnings families and the recent upward thrust in the variety of modern baby oral care merchandise will force the growth of the market in Europe within the coming years.
• From 2021 to 2022, care co-ordinators will work with families within each of the clinical neonatal networks across England to support families to become more involved in the care of their baby and invest in improved parental accommodation.
• If Mr. Trump's full tariff intentions are realized, it could cost a typical three-person family in the U.S. $2,200 annually in higher prices for goods.
• Africa faces tremendous opportunities for growth in the coming decades, characterized by dynamic economic and population growth, rapid urbanization and an expanding middle class with changing lifestyles.
• Told that the goal of limiting the increase in CO2 emissions by 2050, and the rise in annual average temperatures, is unreachable, some people will be fatalistic, and resist changing their lifestyle.
• Healthcare market in India is expected to reach US$372 billion by 2022, driven by rising incomes, greater health awareness, lifestyle diseases and increasing access to insurance.
• The financial pressure on UK people with young families was immense and could last a decade.
• The global ascorbic acid market is expected to witness a high growth rate in the coming decade, owing to vitamin deficiency concerns caused due to changing lifestyles and dietary habits, around the world.
• Increase in disposable income and changing lifestyle of people in emerging markets such as China and India are projected to boost the market in Asia Pacific from 2018 to 2026.
• The growth in the textile industry owing to the increase in the demand from the growing population and changing lifestyle is expected to drive the transfer paper sales in coming years.
• Demographic changes, such as migration to urban areas and change in lifestyle and eating habits, will aid in the growth of the food packaging machinery market in APAC in the coming years.
• Few Americans predict a higher standard of living for families, older adults or children in 2050.
• Americans with a family income of $75,000 or more are less likely than those with annual family incomes under $30,000 to expect a larger share of Americans to be in the upper class in 2050 (29% vs. 41%).

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Last updated: 19 February 2020