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GlobalData suggests AR/VR technology will significantly transform construction industry, improving design, planning, safety training and customer issue resolution; challenges include specialized training for workforce, significant initial investment

Over 1.7 million patents filed and granted in the automotive industry over the past three years, with innovation areas like HEV clutch controls pivotal, says GlobalData report; Hyundai Motor leads patent filings in HEV clutch controls

GlobalData raises 2023 global GDP growth forecast to 2.4%, but lowers 2024 forecast to 2% due to inflation, geopolitical crises; US poised for slowdown in 2024, dropping to 0.8% from 2.1% in 2023, influenced by impact of tightening monetary policies

GlobalData: Inflation drives Mexican consumers toward cheaper food/beverage brands, but premiumization trend offers growth opportunities; Mexican middle class is willing to spend more on premium products that offer superior quality, taste, health benefits

GlobalData expects Asia to lead global propylene industry capacity additions with share of 67% by 2030 from new-build and expansion projects; growth driven by increasing demand in automotive and packaging sectors

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