Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  International Business Machines Corporation    IBM

INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

IBM Study: Majority of Global Consumers Embrace e-Commerce, Sustainability for the Holidays Amid COVID-19

11/17/2020 | 05:01am EST

Many consumers are adjusting holiday shopping, travel and vacation plans due to heightened concerns about the COVID-19 pandemic globally

ARMONK, N.Y., Nov. 17, 2020 /CNW/ -- While the holiday shopping season will be different in many ways due to the COVID-19 pandemic, sustainability is still top of mind for many global consumers, according to the latest findings of a global IBM (NYSE: IBM) Institute for Business Value study.

54% of global consumers surveyed reported they are willing to change their holiday purchasing habits to help reduce environmental impact. This perspective was even more prevalent in some countries around the world, notably India (74%), Mexico (74%) and Brazil (66%). That is only slightly fewer than the 57% who reported similarly in a January 2020IBM/NRF study of almost 19,000 consumers.

Despite the disruption to many consumers' budgets and employment caused by COVID-19, shoppers are looking for more than just a good deal. 44% of consumers surveyed reported they will be considering sustainability to a great extent when shopping or choosing a brand this year.

The study "Home for the Holidays" includes insights from more than 12,500 consumers in October across Brazil, Canada, Germany, India, Mexico, Spain, the United Kingdom and the United States. It revealed how consumer outlook and shopping, travel and vacation plans are shifting globally amid COVID-19.

"The research shows more consumers have started their holiday shopping earlier than in prior years, and many plan to shop online instead of in-store given rising cases of COVID-19. While last year 60% of shopping was done in-store and almost 30% online, this year those numbers may be nearly reversed," said Jesus Mantas, senior managing partner, IBM Services. "Businesses should be prepared to provide a personalized digital-first platform to engage customers, and use technologies such as Cloud and Artificial Intelligence to help them handle fluctuations in demand, manage their supply chains in near real time, and create a better experience to serve holiday shoppers' needs."

Online shopping will continue to reign supreme

IBM's latest holiday forecast is projecting a 1.8% increase in November-December retail sales compared to 2019. And IBV survey research suggests 2020 will be a digital-first shopping holiday season.

More than 60% of global consumers surveyed indicated that they plan to buy online, ship to home or other destinations, or buy online and pick-up in-store or curbside, with the highest growth in usage for buy online, ship to home or other destinations among Baby Boomers (ages 55-70+) -- +116% compared to last year. According to the report, while 62% of consumers surveyed shopped in-store last year for the holidays, only 28% plan to do so this year.

When choosing gifts, consumers surveyed reported they are leaning towards products over experiences. Many survey respondents said they will spend more on digital/streaming entertainment (+39% over last year), furniture (+33% over last year), electronic goods (+13% over last year) and toys and games (+9% over last year).

Consumer concerns about the COVID-19 pandemic will impact travel and vacation plans

Concerns about the COVID-19 pandemic remain high, according to the study. In the US, 72% of consumers surveyed are concerned about a second wave of COVID-19 in 2020 (65% in September), and 74% say the COVID-19 pandemic has made them more concerned about the health and safety of their family (67% in September). 

With these concerns top of mind, many consumers report changes to their typical travel and time off plans this holiday season.

  • Over half of consumers surveyed who usually travel during the holidays say they plan to travel less this season, and 22% surveyed are still undecided about their plans
  • 67% of consumers surveyed who will travel indicate they will use a personal car or rental car as their primary method of transportation. 
  • Surveyed employees report they have taken slightly more days off this year than they did by this time last year, and indicated COVID-19 was a major reason for taking time off this year, including caring for family and self.
  • Globally, a third of employees surveyed reported they face work constraints that limit their ability to take their remaining paid time off this year – either too much work or schedule restrictions at work – indicating employers could play a role in easing employee burnout.

The IBV has conducted ongoing research surveying more than 80,000 global consumers since April about how COVID-19 has impacted their outlook and preferences.

About IBM Institute for Business Value 
The IBM Institute for Business Value (IBV) delivers trusted business insights from our position at the intersection of technology and business, combining expertise from industry thinkers, leading academics, and subject matter experts with global research and performance data. The IBV thought leadership portfolio includes research deep dives, benchmarking and performance comparisons, and data visualizations that support business decision making across regions, industries and technologies. Follow @IBMIBV on Twitter, and to receive the latest insights by email, visit: www.ibm.com/ibv.

Media Contact:
Michelle Mattelson
IBM External Relations
morrison@us.ibm.com

Cision
View original content to download multimedia:http://www.prnewswire.com/news-releases/ibm-study-majority-of-global-consumers-embrace-e-commerce-sustainability-for-the-holidays-amid-covid-19-301174261.html

SOURCE IBM

© Canada Newswire, source Canada Newswire English

All news about INTERNATIONAL BUSINESS MACHINES CORPORATION
01/22Tech Down After Intel, IBM Earnings -- Tech Roundup
DJ
01/22Dow, S&P 500 Decline But Post Gains for the Week
DJ
01/22Equities End Mixed on Concerns of Rising COVID-19 Cases, Reports of Deadlier ..
MT
01/22CLOSE UPDATE : Nasdaq Leads Indexes Higher for Week as Stocks End Friday Mixed
MT
01/22INTERNATIONAL BUSINESS MACHINES CORP : Regulation FD Disclosure, Financial State..
AQ
01/22SECTOR UPDATE : Tech Stock Recover Modestly This Afternoon, Paring Prior Slide
MT
01/22INTERNATIONAL BUSINESS MACHINES : IBM Shares Are an Anomaly in a Hot Tech Sector
DJ
01/22SECTOR UPDATE : Tech Stocks Slipping As Chipmakers Weigh
MT
01/22INTERNATIONAL BUSINESS MACHINES : IBM's Stock Falls Following 2020 Weaker Revenu..
DJ
01/22MIDDAY REPORT : Wall Street Drifts Lower Midday as IBM, Intel Slump
MT
More news
Financials (USD)
Sales 2020 73 958 M - -
Net income 2020 5 393 M - -
Net Debt 2020 53 023 M - -
P/E ratio 2020 19,8x
Yield 2020 5,47%
Capitalization 106 B 106 B -
EV / Sales 2020 2,15x
EV / Sales 2021 2,04x
Nbr of Employees 352 600
Free-Float 39,7%
Chart INTERNATIONAL BUSINESS MACHINES CORPORATION
Duration : Period :
International Business Machines Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 137,29 $
Last Close Price 118,61 $
Spread / Highest target 34,9%
Spread / Average Target 15,7%
Spread / Lowest Target -1,36%
EPS Revisions
Managers and Directors
NameTitle
Arvind Krishna Chairman & Chief Executive Officer
James M. Whitehurst President, Head-Strategy, Cloud & Cognitive
James J. Kavanaugh Chief Financial Officer & Senior Vice President
Juan Antonio Zufiria Senior VP-IBM Global Technology Services
Fletcher Previn Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
INTERNATIONAL BUSINESS MACHINES CORPORATION-5.78%105 688
TATA CONSULTANCY SERVICES15.38%167 410
ACCENTURE PLC-2.47%161 584
INFOSYS LIMITED6.77%77 956
AUTOMATIC DATA PROCESSING, INC.-8.61%69 459
VMWARE, INC.-4.11%56 460