Global Insight
Encyclopedia
Global Insight is the world's largest economics
organization, serving over 3,800 clients in industry, finance and government worldwide, with revenues of over $95 million (in 2006) and employing more than 600 economists and other staff in 23 offices in 13 countries. It is a division of IHS
.
Global Insight provides comprehensive economic and financial information on countries, regions and industries, using a unique combination of expertise, macroeconomic models, data and software within a common analytical framework to support planning and decision-making. The company also provides consulting and advisory services, with deep knowledge of many industries, such as automotive, energy, health, construction, consumer goods, etc.
) and DRI (formerly Data Resources Inc), together with Primark Decision Economics (nowadays Decision Economics, Inc.), Primark Poland (nowadays GlobalInTech, sp. z o.o.) and the French company DAFSA; it estimated 2008 revenues at around $120M. It has since acquired several other companies, including PlanEcon, CIEMEX, Reebie Associates, and London-based World Markets Research Centre.
On November 2, 2007, IHS Global Insight acquired SupplierBusiness bringing together the recognized market leader in global automotive forecasting services with the world's leading provider of automotive supply-based research and intelligence.
introduced new advertising
with the slogan
, "Save Money Live Better", replacing its slogan of 19 years, "Always low prices". It commissioned
IHS Global Insight for the ads
and the report
stated that as of 2006, the retailer saves American
families $2,500 yearly (up 7.3% from $2,329, 2004). The new research
found that the reduction
in price levels due to Wal-Mart resulted to savings for consumers
of $287 billion in 2006, which is $957 / person or $2,500 / household
.
agreed to purchase Global Insight for $200 million.
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
organization, serving over 3,800 clients in industry, finance and government worldwide, with revenues of over $95 million (in 2006) and employing more than 600 economists and other staff in 23 offices in 13 countries. It is a division of IHS
IHS Inc.
IHS Inc. is a publicly traded business information services company based in Douglas County, Colorado, United States.IHS serves international clients in five major areas: energy, product lifecycle, environment, security and TMT . IHS provides industry data, technical documents, custom software...
.
Global Insight provides comprehensive economic and financial information on countries, regions and industries, using a unique combination of expertise, macroeconomic models, data and software within a common analytical framework to support planning and decision-making. The company also provides consulting and advisory services, with deep knowledge of many industries, such as automotive, energy, health, construction, consumer goods, etc.
History
IHS Global Insight was formed in March 2001 from the merger of WEFA (formerly Wharton Econometric Forecasting AssociatesWharton Econometric Forecasting Associates
Wharton Econometric Forecasting Associates, Inc was a world-leading economics forecasting and consulting organisation founded by Nobel Prize winner Dr. Lawrence R. Klein....
) and DRI (formerly Data Resources Inc), together with Primark Decision Economics (nowadays Decision Economics, Inc.), Primark Poland (nowadays GlobalInTech, sp. z o.o.) and the French company DAFSA; it estimated 2008 revenues at around $120M. It has since acquired several other companies, including PlanEcon, CIEMEX, Reebie Associates, and London-based World Markets Research Centre.
On November 2, 2007, IHS Global Insight acquired SupplierBusiness bringing together the recognized market leader in global automotive forecasting services with the world's leading provider of automotive supply-based research and intelligence.
Consultancy
On September 12, 2007, Wal-MartWal-Mart
Wal-Mart Stores, Inc. , branded as Walmart since 2008 and Wal-Mart before then, is an American public multinational corporation that runs chains of large discount department stores and warehouse stores. The company is the world's 18th largest public corporation, according to the Forbes Global 2000...
introduced new advertising
Advertising
Advertising is a form of communication used to persuade an audience to take some action with respect to products, ideas, or services. Most commonly, the desired result is to drive consumer behavior with respect to a commercial offering, although political and ideological advertising is also common...
with the slogan
Slogan
A slogan is a memorable motto or phrase used in a political, commercial, religious and other context as a repetitive expression of an idea or purpose. The word slogan is derived from slogorn which was an Anglicisation of the Scottish Gaelic sluagh-ghairm . Slogans vary from the written and the...
, "Save Money Live Better", replacing its slogan of 19 years, "Always low prices". It commissioned
Contract
A contract is an agreement entered into by two parties or more with the intention of creating a legal obligation, which may have elements in writing. Contracts can be made orally. The remedy for breach of contract can be "damages" or compensation of money. In equity, the remedy can be specific...
IHS Global Insight for the ads
ADS
ADS or Ads may refer to:In computing:* Advanced Design System, an EDA tool from Agilent EEsof EDA* Advantage Database Server, a Relational Database Management System* Alternate data stream, a filesystem fork in Microsoft NTFS...
and the report
Report
A report is a textual work made with the specific intention of relaying information or recounting certain events in a widely presentable form....
stated that as of 2006, the retailer saves American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
families $2,500 yearly (up 7.3% from $2,329, 2004). The new research
Research
Research can be defined as the scientific search for knowledge, or as any systematic investigation, to establish novel facts, solve new or existing problems, prove new ideas, or develop new theories, usually using a scientific method...
found that the reduction
Reduction
Reduction, reduced, or reduce may refer to:- Chemistry :* Reduction, part of a reduction-oxidation reaction where oxygen is being removed from a compound.** Reduced gas, a gas with a low oxidation number...
in price levels due to Wal-Mart resulted to savings for consumers
Consumer
Consumer is a broad label for any individuals or households that use goods generated within the economy. The concept of a consumer occurs in different contexts, so that the usage and significance of the term may vary.-Economics and marketing:...
of $287 billion in 2006, which is $957 / person or $2,500 / household
Household
The household is "the basic residential unit in which economic production, consumption, inheritance, child rearing, and shelter are organized and carried out"; [the household] "may or may not be synonymous with family"....
.
Ownership & management
Global Insight was privately held, and founded by Dr. Joseph E. Kasputys, who served as its President and CEO. On September 18, 2008, IHS Inc.IHS Inc.
IHS Inc. is a publicly traded business information services company based in Douglas County, Colorado, United States.IHS serves international clients in five major areas: energy, product lifecycle, environment, security and TMT . IHS provides industry data, technical documents, custom software...
agreed to purchase Global Insight for $200 million.