Posts tagged with "trends"

LV Women’s FW22

Louis Vuitton is a collection that presents a selection of ready-to-wear and coordinating accessories. The house’s Creative Director, Nicolas Ghesquière, designed these pieces with inspiring idealism and customization in mind. 

LOUIS VUITTON Fall-Winter 2022 Women’s Fashion Show Collection Reconnecting with an instinct for clothing devoid of the convention. A particular moment that belongs to the years of training, those that forge character. An essential, initiatory journey that Louis Vuitton wanted to recommence with its Fall-Winter 2022 women’s ready-to-wear collection. An excursion into a perceptible, fleeting, and decisive moment when everything comes to the fore, in all its innocence and insight. The impermanence and beauty of adolescence. Testing. Trying. Playing. Knowing. Yearning. Desiring…Wanting it all. Without restrictions. With the world at your doorstep.

Embracing everything and approaching taste as a personal construct – because the character is what guides destiny. Freedom is all, without directive or impediment. This collection is dedicated to youth, in hopes that it can keep unresolved adolescence like a flawless garment – in all its vivid romanticism, inspiring idealism, hope for the future, for a better world, and its dreams of perfection.

LV

Louis Vuitton fw22 runway via 360 magazine
Shoes Samantha Miduri via 360 Magazine by 360 Magazine

Gen-Z Fashion

The Essence for Y2K Fashion

By Andrea Esteban

Let’s face it : Old-fashioned ‘90s are back again — and yes, that involves all of those Y2K fashion trends you’ve probably hidden in the back of your wardrobe. Today, I’ll share all you need to know about Y2K fashion trends, and how Y2K fashion icons can inspire you to dress like a Gen-Z nowadays. 

Here are my top tips to what is fashionable at the moment:

  • Where did the Y2K fashion trend come from?

​Y2K fashion boomed across the mid-late 1990s and early 2000s. It doesn’t only refer to fashion, but it also refers to the technology and computer bug that people thought would happen on New Year’s day in 2000.

Y2K culture was marked by luxurious consumerism. Gen-Z were always trying to look for the most expensive monograms and designer brands including on clothing, accessories or perfumes that reflected the idea of ‘being contemporary’. Brands like Channel, Prada, Louis Vuitton, Gucci and Dior were the most coveted.

We can’t forget that Y2K Culture was also shaped by streetwear trends including: designers’ logos, bling, D-rings, exposed zippers, belts, straps in line with the idea of the up to date technology.

  • What is Y2K Fashion?

​Aesthetics and trends typically worn between the late ‘90s and the year 2000. What are the first items that come to your mind when you think about those years? Of course you can’t help remembering the crop tops, the velour tracksuits, the camis, the sparkly shoes or the low-rise jeans, all in the shiny black tone and reflective metallic color palette.

Casual clothing and leisurewear were also big fashion trends of the early 2000s. Denim became a significant staple for Gen-Z, going beyond skirts to jeans, hats and jackets. If you want to design a casual Y2K style , keep in mind that the denim staple is worn with all kinds of clothes including hoodies, crop tops & off the shoulder tops, ribbed sweaters with trainers, platform sandals, sneakers or boots.

  • How Can you get the Y2K Look nowadays? Get inspired!

Many of Y2K fashion inspiration can be taken from the pop culture icons of our early childhood involving celebrities, films and even video clips. Bratz Dolls, Mean Girls, Uptown Girls and Clueless are great fashion examples of inspiration for the Y2K appearance since these main characters loved over-dressing, with eye-catching colors.

One  of the essential features of Y2K fashion were accessories. Think of several of the typical staples from your wardrobe. Pieces like tiny sunglasses, mini-bags, bandanas or scrunchies clips are tendences now. Also, one key feature were rhinestones which are used as decorations for accessories like chokers, belts or hats

Finally, early ’00s makeup tendencies walked by ‘Euphoria’ smokey eyes, highlighting, colored eyeliner, glittery eyeshadow, false eyelashes, glossy lips, skinny brows and matte foundations. There’s no disagreeing that our current looks have been deeply induced by ’00s beauty icons like Tyra Banks, Paris Hilton, Laura Harrier, Britney Spears, Christina Aguilera and Halle Berry. For you to get some inspiration when doing your make-up, I have gathered together the 5 most powerful and influential makeup trends worn by celebrities of the early 2000s in events like MTV Awards, Grammys, Brit Awards or even at the Oscars.

Jewelry trends article via 360 magazine

Top Jewelry Trends You Definitely Should Follow in 2022

For the last year or two, minimalism was dominating all areas of style and fashion. Minimalistic clothes, minimalistic hairstyles, minimalistic accessories, and even minimalistic interior design. However, the time of moderation and temperance seems to be over. In 2022, fashion goes wild. You are allowed to wear whatever you want and style it whatever way you like. 

No doubt, this rebel wave has its influence on jewelry too. The extensive layering, combination of gold and silver, bizarre and fancy shapes are only a part of it. The most recent spring/summer runway shows prove that jewelry is now becoming not just a cute accessory but a full-fledged way to express yourself. Here are the most popular trends for 2022 that the world of fashion can offer for now.

Trend #1: Bulky gold chains

They say “the more the better” and in 2022 this phrase can definitely be applied to gold chains. For example, the Hermès and Off-white runways had beautiful examples of large (and we mean it) golden chains, both as a single item and layered with other even larger pieces of jewelry. It looks like it came right from the 90s, so fashion is indeed cyclical.

If you don’t like the designs offered by brands, you can opt for a custom gold chain that you can make even from your own gold. To make it happen, you don’t even need to buy a whole bullion since the gold shot will be just fine. It’s cheaper than normal gold bullion and most jewelers use exactly this form of gold for their work.

Trend #2: Playful colors and shapes

Speaking about going back to the 90s. Nostalgia is a powerful tool that can be used in many ways including setting up fashion trends. In 2022, nostalgia brought us back to our childhood and allowed us to be as cheerful and lively as ever. Somehow, we are now back in 2000 with its vibrant and bright colors, chunky shapes, fancy designs, and enamel. Yes, the enamel is back and we love it. Besides, with the recent pandemic and constant restrictions, it’s obvious that everyday life could lack a spark of joy. Playful jewelry is a nice way to add colors to your days and get more positive emotions.

Trend #3: Silver is the new gold

Yes, chunky gold chains are trendy, but silver continues to win the minds of people. There are some good reasons for it. First of all, silver has the same rich shining as gold but creates a more lightweight look. Secondly, it’s a perfect metal to wear every day with casual clothes. Eventually, silver is way more affordable than gold. So if you are team silver, it’s your showtime. If you are team gold, you can try mixing metals and adding layers to your usual jewelry.

Trend #4: Eye-catching earrings

Chains and rings are not the only pieces of jewelry that got chunkier in 2022. You can also add a colorful accent to your ears. It’s a nice homage to the style of the 70s with its bright colors and vintage inspiration. Since every designer is experimenting, you can find all kinds of shapes and sizes, from large metal hoops to extra-large chains with dozens of precious stones on them. Everything is good in 2022 until it’s big and shiny enough to be seen from afar.

Trend #5: Body chains

If you think that we are done with chains, we are not. Necklaces are not the only option to decorate yourself. Body chains can be an impressive way to manifest your style and message. You can put a nice waist chain to highlight a beautiful crop top or put an Agent Provocateur-like chain dress and barely anything else—the choice is yours. Just be sure that you are comfortable with this type of jewelry.

To sum it all up

In 2022, the fashion becomes wilder and jewelry follows suit. It’s hard to surprise anyone with bulky bracelets or neon-green chokers. And something tells us that it’s not even close to the limit. We mentioned only five ways you can keep up with the trend, but to be honest, it barely matters. As we already said, fashion rules are not as strict as they used to be, so go with your heart and wear whatever resonates with your soul the most.

Travel illustration by Samantha Miduri for use by 360 Magazine

3 Ways Technology Will Change How We Book Travel

The travel and hospitality sectors are in the midst of a massive technological transformation that will affect how you book travel and stay at hotels moving forward. Tech savvy customers will come to expect the convenience that artificial intelligence brings. This vision is what I like to call ‘high-tech automation with high-touch personalization and customization.’

Here are three mega-trends leading the way toward realizing this vision:

Artificial Intelligence Will Personalize Your Travel Booking Experience 

Online travel agencies (i.e. Expedia, Booking, or my company HotelPlanner) are working toward becoming smarter, more seamless and more personalized and customized than ever before. Access to increasing amounts of data is transforming the customer experience for online booking, allowing for smarter search functionality and better tailored results for each unique customer.

As for the top customer concerns of price and flexibility, the solutions brought by AI can lead to enhanced hotel inventory connectivity to deliver better price accuracy and more real-time options to fit any budget.

For example, the hotel booking engines of the future will already know you want a hotel with a good gym or pool, that’s pet friendly or eco-friendly, or has some other amenity, feature, or price point that’s important to you.

Voice-Enabled Services Will Grow With the Rise of the ‘Internet of Things’

AI-driven advancements in natural language recognition are making voice search the industry’s next big trend. Voice activation will continue to expand with the rise of the Internet of Things and smart homes, smart cars and smart offices.

For example, at the height of the pandemic, my company launched what we believe is the next generation of call center customer service:  a 24/7 global gig-economy based call center connected to customers through AI-enabled VOIP. This voice-enabled technology allows us to connect the right customer with the right agent to provide personalized service, and to convert more sales of course.

And now you can even use Alexa to make a hotel reservation. (Give it a try and please email your feedback to feedback@hotelplanner.com).

Big Data & Predictive Analytics Will Know You Better Than You Know Yourself

Data is king, but only if you know how to interpret the data in real-time for ‘actionable intelligence’ as they say in the military. Travel technology firms and hotels will employ predictive data analytics and advanced machine learning solutions to anticipate and then deliver more bespoke services based on each customers’ unique needs and wants.

For example, at hotels this might include contactless check-ins, Alexa devices in your hotel room, or perhaps the hotel gym’s personal trainer offers you a free session since the hotel already knows that health & fitness is important to you.

For online travel agencies, they will focus on a more personalized user experience to engender your customer trust and loyalty. So when you go to search for a hotel, the site already knows exactly the type of hotel you want based on previous bookings or your unique digital footprint.

These are just a few examples of how technology is rapidly evolving to meet the current and future needs of travelers who are now expecting a more tech-savvy and personalized experience.

Written by John Price, Co-Found and CIO, HotelPlanner

 

John Price headshot via Christine Lenzo for use by 360 MAGAZINE
champion Jalaiah Harmon image for use by 360 magazine

CHAMPION REVERSE WEAVE WEEK

Champion will celebrate its first-ever Reverse Weave Week from October 13 – October 19 to acknowledge the anniversary of the iconic franchise’s patent that was finalized on October 14, 1952.

TikTok Activation

To commemorate the celebration in a big way, Champion is teaming up with TikTok superstar, Jalaiah Harmon, the creator of the famous Renegade TikTok dance, to create a “reverse” version of the viral sensation. Even better, Champion is “reversing time” by ensuring that with this version, Jalaiah gets the credit she deserves from the start – as opposed to what happened when the original version was released last year and took off without her.

Consumer Giveaway

Jalaiah will post the Reverse Renegade dance on her TikTok on October 13, where viewers can check out and learn the dance and try it themselves! Anyone who posts a video doing the Reverse Renegade on TikTok and/or Instagram Reels from 6am PST on October 13 to 11:59pm PST on October 19 and use hashtag #ReverseRenegadeChallenge will have a chance to win just 1 of 52 exclusive, must-have “Reverse Reverse Weave” hoodies. Winners will be chosen at random on October 19 at 11:59pm PST and notified via direct message.

Rules to Enter Consumer Giveaway

  • Follow Champion on TikTok & Instagram
  • Use hashtag #ReverseRenegade
  • Tag @Champion and mention a friend

History of Reverse Weave

  • The history of Reverse Weave begins on the field in the 1930’s. Champion supplied many football teams with Reverse Weave uniforms. The brand listened to the concerns from coaches about shrinkage when washing big batches of athletic wear and decided to stitch athletic gear horizontally instead of vertically to help the uniforms last longer.
  • Initially patented in 1938, the patent for Reverse Weave as we know and love it today was finally finalized on October 14, 1952. In 2017, the Reverse Weave hoodie was included in the MoMA “Is Fashion Modern” exhibit as one of the 111 items that have shaped the history of fashion. And today, you see Reverse Weave on just about every celebrity and consumer over the past couple generations.
  • This is one of the first examples of what Champion’s “Be Your Own Champion” campaign is all about – encouraging consumers (and leading by example) to do things the right way, on and off the court – never cutting corners. Champion Reverse Weave is cut on the cross-grain to reduce shrinkage. Built with rib side panels for ease of movement, this heavyweight icon won’t slow you down.
  • It’s not just a sweatshirt. It’s an heirloom. The Champion Reverse Weave is cut on the cross grain to reduce shrinkage and stand the test of time.
  • Another reason the franchise is so beloved is because of its versatility. Originally, the Reverse Weave sweatshirt was made in solid colors and with a unisex fit. Over the years, it has expanded to include hoodies.
Kaelen Felix illustrates wildfire article for 360 MAGAZINE.

Innovating Wildfire Insurance

The Innovative Finance for National Forests grant program, supports partner organizations developing out of the box financial solutions to some of forest management’s most vexing challenges. One partner, The Nature Conservancy, focused on using insurance premium reductions to incentivize forest conservation.

Property insurance premiums for communities, businesses, and homeowners are based on numerous factors and inputs of actuarial science. Some of those inputs include the quantity and history of claims in an area, the location itself, property value. Global warming? While not directly, studies have linked climate change to another risk factor considered in calculating property insurance premiums: wildfire.

Trends in wildfire activity show that fires are growing bigger and more intense across the western United States, destroying more structures with increasing associated costs. In 2020 there were 58,950 wildfires, affecting 10.1 million acres, in contrast to 18,229 wildfires and 1.3 million acres affected in 1983. The ever-growing risk to companies, communities and private landowners has drastically increased insurance premiums for properties at risk of wildfire, and it is expected that those premiums will only continue to rise, making insurance policies unaffordable for many.

But that doesn’t necessarily need to be the case. Recently,  The Nature Conservancy, supported by an Innovative Finance for National Forests grant from the USDA Forest Service, the National Forest Foundation, and U.S. Endowment for Forestry and Communities, focused its efforts on proving that ecological forest management could lower insurance premiums.  

“Forested lands in the west and adjacent communities are at risk of increasingly severe wildfires,” said Dave Jones, senior director of environmental risk at The Nature Conservancy and prior Insurance Commissioner for the state of California. “Wildfires are taking more lives, causing more injuries, destroying more homes and other structures, and at the same time, insurers are declining to write insurance policies for those facing substantial wildfire risk.”

State and federal land agencies and conservation organizations such as The Nature Conservancy already employ proven methods of ecological forestry management practices – such as prescribed burning and forest thinning – to reduce the risk of severe wildfires. These treatments increase forest health and productivity while also reducing the amount of organic material or “fuel” available to burn.

Private property and asset owners, including businesses, public agencies, and communities, also stand to benefit from those same practices. This led The Nature Conservancy to develop an innovative financial solution that would both serve to mitigate severe wildfire risk, thereby lowering insurance premiums.

The project, at its foundation, explored how creating more wildfire-resistant landscapes through ecological management could translate into lower insurance premiums for policyholders.

The Wildfire Resilience Insurance project demonstrated that this reduction in risk and loss can be modeled by insurers,” said Jones, “With the reduction in expected losses due to severe wildfires, the amount of premium which is needed to be collected by insurers to cover those losses declines as well.”

The Nature Conservancy used its French Meadows Forest Restoration Project, a 28,000-acre ecological forestry project in the Tahoe National Forest in Placer County, California, as a test case for the insurance study.

Partnering with global insurance and risk advisory firm Willis Towers Watson, current insurance models were modified to account for ecological forest management.

The study found that there were reductions in premiums for various types of commercial and residential insurance.  For example, The Nature Conservancy and Willis found that 81,000 homes would see a total annual premium savings of 41% or $21 million a year.

The Nature Conservancy also explored how those same insurance savings can be captured and used to fund forest treatment. In most cases, insurance premium savings were sufficient to fund additional ecological forest management projects, leading to further savings and an even more resilient landscape.

What’s more, Jones said the approach is scalable and can be implemented in other states where forests are subject to similar fire behavior as the forests of the Sierra Nevada.

“The approach is applicable wherever there are landscapes at risk of wildfire and where ecological forest treatments can reduce those risks,” said Jones. “Now that we have demonstrated, for the first time, that insurance modeling can take into account the risk reduction benefit of ecological forest treatment, we expect insurers to begin to take up the results of the Wildfire Resilience Insurance project in their own modeling and pricing of wildfire risk.”

Click here for more information on the Wildfire Resiliency Insurance project. To learn more about the Innovation Finance for National Forest grant program and how to apply, visit the National Forest Foundation.

By Mina Tocalini for 360 MAGAZINE

IDTechEx Shares Unexpected Trends in Electric Vehicle Data

Unexpected Trends from IDTechEx’s EV Data & Tools Portfolio

2021 is cementing the electric car’s dominant position in the future of the auto industry as OEMs have increased electrification targets, announced more battery-electric models, and planned new technology adoption strategies. To properly understand these trends, granular, high-quality data is essential. IDTechEx’s portfolio of electric cars and powertrain materials research is driven by data, and includes two new spreadsheet-based products: Electric Car Sales, Models & Technologies Database and Scenario Forecasting: Materials for Battery Cells and Packs. Both underpin two IDTechEx research reports Advanced Electric Cars 2020-2040 and Materials for Electric Vehicle Battery Cells and Packs 2021-2031, and form part of a wider portfolio which can be found at IDTechEx’s website.

IDTechEx’s New Electric Vehicle Model Database

IDTechEx’s extensive Electric Car Sales, Models & Technologies Database is spreadsheet-based and covers unit sales for popular BEV and PHEV cars in China, Europe, and the US between 2015–2020 (containing data on 145 distinct models plus variants). Alongside sales data, IDTechEx also reveals battery capacity, cell format, battery supplier, cell chemistry, cell and pack energy density, thermal management method, motor technology and power output. The granular nature of the data, split by model, enables technology trends to be analyzed in detail in addition to an industry-level overview.

Considering battery chemistry, it is well known that manufacturers have been trending towards higher nickel content cathodes such as the 811 variant of nickel manganese cobalt oxide (NMC). Perhaps less expected is the significant resurgence in lithium-iron-phosphate, or ‘LFP’, batteries. The lower energy density of LFP batteries saw them fall out of favor with Chinese policymakers and rapidly lose market share up to 2019, but in the past year, BYD announced the Blade with LFP prismatic cells and Tesla introduced the Chinese manufactured Model 3 with LFP. The trade-off comes down to price, raw materials, safety, and supply-chain dynamics with regional specificities.

Moreover, the Electric Car Sales, Models & Technologies Database also looks at electric traction motor trends. Many have voiced concerns around the supply of rare earths for the magnetic materials used in most electric car traction motors. However, China controls the majority of the world’s rare earth supply chain, creating risk and potential price volatility. The database reveals the quiet adoption of non-permanent magnet-based variants – induction motors and separately excited wound-rotor motors – which are still being introduced in new models and may become essential technologies if permanent magnet prices spike.

This database underpins IDTechEx’s research on Advanced Electric Cars, which is further summarized in a report covering regional detail, powertrain technologies, and autonomous vehicles.

Example charts obtainable through the IDTechEx Electric Car Sales, Models & Technologies Database

Materials for Electric Car Battery Cells & Packs

Lithium-ion batteries in electric vehicles present very different material demands at the cell- and pack-level compared with the internal combustion engine (ICE) vehicles they replace. Whilst ICE drivetrains heavily rely on aluminum and steel alloys, Li-ion batteries also utilize many other materials such as nickel, cobalt, lithium, copper, insulation, thermal interface materials, and much more at a cell- and pack level. The IDTechEx report on Materials for Electric Vehicle Battery Cells and Packs 2021-2031 identifies and analyzes trends in the design of EV battery cells and battery packs in order to evaluate the materials used for their assembly and production. The report also provides granular market forecasts for over 20 key material categories in terms of demand in tonnes in addition to market value.

To complement this research, IDTechEx’s new Scenario Forecasting Spreadsheet: Materials for Electric Vehicle Battery Cells and Packs provides quantitative forecasts and assumptions in greater depth, and allows EV forecasts to be customized based on different scenarios. This is a spreadsheet-based tool that lists IDTechEx’s assumptions for several material intensities at a cell- and pack-level for BEV and PHEV batteries in the car market. It also provides a forecast for the multi-metal and other materials demand in tonnes from 2021-2031. In addition to these forecasts, this tool allows you to use your own forecasts for BEV and PHEV unit sales and battery capacities to see how these variables impact demand over the next 10 years. A scenarios tool is also included which allows for several sales forecasts to be compared simultaneously for individual materials.

Examples for the material demand for battery cells and packs segmented by material. Source: Scenario Forecasting Spreadsheet: Materials for Electric Vehicle Battery Cells and Packs

IDTechEx Electric Vehicle Research

For more information on the portfolio of data available on this topic, please visit their website. This research forms part of the broader electric vehicle and energy storage portfolio from IDTechEx, who track the adoption of electric vehicles, battery trends, and demand across land, sea and air, helping you navigate whatever may be ahead. Find out more at their website

About IDTechEx

IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, visit IDTechEx’s website.

Brittany Farinas of House of One image via Shaye Price of A Design Partnership for use by 360 Magazine

House of One Q×A

Brittany Farinas fiercely and fashionably has entered the world of interior design. The designer of both residential and commercial spaces resides in South Florida, where she launched her company, House of One. After graduating from the University of Miami with a degree in interior design, Farinas utilized her life-long passion to help others beautify their spaces. Streamlined, sleek, and polished, Farinas has an impeccable eye for style that makes her stand out. 360 Magazine spoke with the designer about her favorite interior aesthetics, House of One’s recent blog launch, and upcoming projects.

When did you first get into designing residential and commercial spaces?

About four years ago.

What type of look does House of One try to imbue in its clients spaces?

I try to make each of my client’s spaces very much a reflection of who they are, while creating a visually exciting yet timeless look. At House of One, we strive on creating unique spaces with bold moments.

How would you describe your personal favorite interior aesthetic?

My personal design aesthetic is minimal eclectic. I love sculptural elements in a space and I have a great appreciation for luxurious textures. When it comes to designing an interior space for myself- I like to neutralize the primary pieces (larger furniture items such as sofas, tables, cabinetry) and add character in secondary pieces (i.e accent chairs, pillows, accessories, accent lighting).

What visual design software does House of One utilize?

We use AutoCAD, SketchUp, and multiple rendering softwares.

What is the most important thing to consider when designing an interior space?

The most important thing to consider when designing spaces for our clients is to envision exactly how they will use their space daily and how the space will evolve through time.

 How does designing a residential space differ from designing a commercial space?

When designing a commercial space, it’s about promoting the brand image and creating a setting for productivity and growth for the company as a whole. It’s necessary to be conscious of how multiple groups of people might be using the space- whereas designing for a residential client is more specific and lifestyle driven. While designing residential and commercial spaces are targeted towards a different end goal, both need to be extremely functional while aesthetically pleasing.

On your website, I saw that you are launching a blog. That is so exciting! What type of content will be published on House of One’s blogspace?

Yes! I am extremely excited about the blog as well. This will be a place where I can elaborate more on the projects in different categories. For example, we will have a section labeled “Project Tours” where you will be able to get an in depth look at some of our recently completed work. I’ll also be featuring posts on different trends, and a behind the scenes look of our design process.

Where do you find interior design inspiration?

I find inspiration everywhere I go. However, I’ve always been inspired by fashion. When I go eat at restaurants I can’t help but touch the different fabrics and materials. I have always been so curious that way.

Did you always have an eye for detail, or are there ways in which you’ve sharped your interior design vision over time?

I would say I’ve always had an eye for detail. My mom worked at a furniture store when I was about the age of 3-15. I spent a lot of days with her hanging around the showroom. I always gravitated towards certain colors/details. At a young age I was very opinionated about what I liked and didn’t like when it came to design. Over time, I feel my eye for design has definitely evolved, and I know it will keep doing so over time. I think it’s just a part of life and growing as a person and designer.

Are there any exciting projects coming up for House of One that you can speak about?

Yes! We’re currently working on a 8500 square-foot office space that we’re all really excited about- the palette is gorgeous. We’ve also been working on restoring a Mediterranean home in Miami Beach, which will be completed in about two months. This project is very special for us, and we’re excited to get this one styled and photographed soon.

House of One image via Shaye Price of A Design Partnership for use by 360 Magazine
House of One image via Shaye Price of A Design Partnership for use by 360 Magazine
Art by Kaelen of 360 Magazine for use by 360 Magazine

Toyota Produces Lowest Number of Vehicles in Nearly Ten Years

Toyota Produced Lowest Number Of Vehicles In Almost A Decade – 7.55M Vehicles In FY 2021

Global mobility was essentially halted by COVID-19 in 2020 resulting in a huge financial downturn for even the giants of the car manufacturing industry. According to data presented by Trading Platform, Toyota produced its lowest number of vehicles in almost a decade – 7.55M units in FY ending March 2021.

Toyota Produced 7.55M Vehicles in FY 2021 Its Lowest Since 2012

Toyota Motor Corporation or more popularly known as simply Toyota is a car manufacturer from Japan founded in 1937. As of July 2014, Toyota was the largest listed company from Japan based on market capitalization, a ranking it still holds as of writing. Toyota was also listed by Forbes as the 42nd largest company in the world based on market cap.

However, even the giants of Japanese car manufacturing were not immune to the crippling effects of the COVID-19 pandemic. In its financial year (FY) ending in March 2021, Toyota only produced 7.55M units of vehicles compared to 8.82M in FY 2020. FY 2021’s figure is also the lowest number of vehicles produced by Toyota since FY 2012 when Toyota only produced 7.44M vehicles.

Toyota Sold Most Cars In North America But Generated Largest Revenue From Japan in FY 2021

North America is Toyota’s most lucrative market, accounting for 2.7M vehicle sales in FY 2020. In FY 2021, vehicle sales in North America dropped by 14.74% to just 2.31M. Toyota’s Asia (excluding Japan) market experienced the largest contraction out of it its largest markets with a 23.63% drop in FY 2021 to just 1.22M vehicles sold compared to 1.6M in FY 2020.

Toyota’s revenue across its sales regions differed greatly due to the varying conditions of the pandemic around the globe. Its home market of Japan was Toyota’s largest source of revenue in FY 2021 with almost ¥15T or almost $137B. Its North American market generated the second-highest revenue from its sales regions with ¥9.49T or around $87 in FY 2021.

Rex Pascual, editor at Trading Platforms, commented:

Toyota’s production downturn in FY 2021 is in line with industry trends, as the pandemic stifled demand significantly across the board. But Toyota’s status as one of Japan’s most iconic brands ensures a bright post-pandemic future for the car manufacturer. Its emergence as market leaders in hybrid electric vehicles as well as hydrogen fuel-cell vehicles shows the historic brand’s willingness to adapt to more modern trends.

You can read more about the story with more statistics and information at Trading Platforms’ website

Art by Mina Tocalini for use by 360 Magazine

Cruise Industry Declines Following Pandemic

Cruise Industry to Generate $6.6B in Revenue in 2021, Almost Five Times Less than in 2019

The COVID-19 had a devastating impact on the global cruise industry, with cruise lines practically disappearing after the pandemic hit and all operators witnessing double-digit sales drop.

However, it seems that 2021 might bring a new hit to the sector, which is already on its knees. According to data presented by StockApps, the entire cruise industry is expected to generate $6.6bn in revenue in 2021, almost five times less than in 2019.

Confidence in the Cruise Lines Plummeted Amid Pandemic, The Number of Users Down by 76% in Two Years

When the COVID-19 hit, cruise ships immediately suffered high infection rates among passengers and crew. Thousands of people were stranded on board, spending months in quarantine. By the end of April 2020, more than 50 cruise ships confirmed hundreds of COVID-19 cases. It didn’t take long for cruises to be depicted as places of danger and infection.

In 2019, the entire cruise industry generated $27.4bn in revenue, revealed the Statista data. After the pandemic struck, revenues plummeted by 88% in a year to $3.3bn in 2020. Although this figure is expected to almost double and hit $6.6bn in 2021, it still represents a massive 77% drop compared to pre-COVID-19 levels.

Statista data indicate it will take years for the cruise industry to recover from the effects of the COVID-19 pandemic. By 2023, revenues are projected to reach $25.1bn, still $2.3bn less than in 2019. In 2024, cruise line revenues are expected to rise to over $30bn.

As people lost confidence in the entire cruise industry amid the pandemic, the number of cruise line users plunged to the deepest level in years. In 2019, almost 29 million people worldwide had chosen cruise lines for their vacation. Last year, this figure dipped to 3.4 million. Although the number of cruise line users is forecast to recover to 6.7 million in 2021, it still represents a massive 76% drop in two years.

Combined Revenues of Top Five Cruise Markets Still $16B Under Pre-COVID-19 Levels

The Statista survey revealed that, despite a $10.24bn revenue drop in 2020, the global cruise giant Carnival Corporation remained the largest player in the market with a 45% market share in 2021. Royal Caribbean Cruises ranked second with a 25% share. Norwegian Cruise Line and MSC Cruises follow, with 15% and 5% share, respectively.

Analyzed by geography, the United States represents the world’s largest cruise industry, expected to generate around $2.8bn in revenue this year, 78% less than in 2019.

Revenues of the German cruise line market, the second-largest globally, are expected to hit $830 million in 2021, compared to $2.8bn before the pandemic struck. The UK’s cruise companies are forecast to generate $650 million in revenue, down from $2.4bn two years ago. Chinese and Italian markets follow, with $570 million and $218 million in revenue, respectively.

Statistics show that combined revenues of the world’s five largest cruise markets are expected to amount to over $5bn in 2021 or $16bn less than in 2019.

The full story can be read here at StockApps’ website.