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GlobalData: Australia considering sugar tax on beverages, which could lead to product-development costs; however, changing recipes to lower sugar content could help bolster manufacturers in longer term, position them as leaders in health-conscious segment

GlobalData estimates US e-commerce market will grow 7.9% to US$2.1T in 2024, driven by well-developed payment infrastructure, high adoption of smartphones and internet penetration, proliferation of global brands like PayPal, Apple Pay and Google Pay

GlobalData: South Korea's lack of ambitious goals for renewable energy has pushed country toward increase in decarbonized electricity from nuclear power; country is capable of reaching close to its nuclear power generation target of 32.4% by 2030

GlobalData predicts generative AI will revolutionize financial services sector, from banking and insurance to wealth management; tech advancements will provide enhanced decision-making, personalized services and innovative product development

Commentary: With Gen Z making up 25% global workforce by 2025, their spending power will shape how businesses deploy technology; Gen Z's high expectations for tech will allow for streamlined customer experience that's frictionless, gamified, personalized

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