The packaging industry has grown in the last five years, making handling packaging of parcels easier with its new trends and developing technologies. Sustainable packaging is one of those trends. One of the leading recyclers of agricultural film, LyondellBasell and AFA Nord, has recently come forward to form a fifty-fifty joint venture for recycling commercial secondary packaging wastes in 2023. The company LyondellBasell plans to build a mechanical recycling plant in northern Germany to recycle plastic materials for use in flexible packaging. The recycling process here will consider Linear Low-density polyethylene (LLDPE) and low-density polyethylene (LDPE) waste to be converted into recycled plastic materials, and it is expected to start…

The electric vehicle market is progressing day by day with new features in the automotive industry in 2023. The automotive industry is witnessing an essential phase with electric vehicles, which are more sustainable than conventional vehicles, environmentally friendly technologies, and others.

According to a survey, the global electric vehicle market is expected to reach up to 14 million units with a diffusion rate of 18 percent in 2023. The data says it was at 10 million units with a diffusion rate of 14 percent in 2022. Europe and China are the leading market players in the world in the production of electric vehicles, as per the reports. There are many advantages to opting for electric vehicles over conventional ones, with more key…

Google is growing daily with its new advancements in different technology sectors. The company is implementing artificial intelligence (AI) for technical developments in its tools and services. Recently, according to a survey conducted for July-August 2023, Chrome is the most used web browser in the world.

A survey shows that the regional use of Google Chrome globally in 2023 shows South America has the highest number of Chrome users, with a 78.9 percent market share. It is followed by the African region and Asia with 71.5 and 72.2 percent market share for the July-August 2023, respectively. Europe and North America's worldwide market share of Chrome web users is comparatively less, with 58.6 and 53.1 percent, respectively. Thus, the data…

Generative AI (artificial intelligence) is taking place in the digital world, where customer experiences face practical and emotional needs and expectations from marketers. Generative AI will play a crucial role in evolving the technicalities of content creation in 2023.

Generative AI prompts and essential tools help produce content, give information based on natural prompts, and make ideas prominent and unique. The active content created with the help of generative AI helps enhance the model's underlying customer data inputs in real time to get relevant and precise results. According to some sources, the language learning models (LLMs) in generative AI should not depend only on static information. The LLMs should boost efficacy by…

With its recent gross domestic product (GDP) reports for the first quarter of 2023, the United States presses the fears of stagflation. One of the largest economies had estimated the fear of stagflation in the early April reports for the first quarter of 2023. Still, the advance reading for the second quarter of the US economy has stopped this fear of stagflation.

Based on the data released by the Bureau of Economic Analysis, the annual GDP growth rate is expected to accelerate to 2.4 percent in the second quarter of 2023, up from 2 percent noted in the first quarter for the same economic year. This reading has gone beyond the expectations of the analysts. The gross domestic product (GDP) estimation for 2023 is based on the source data…

The United States market has witnessed a significant rise in plant-based milk compared to cow milk. Research on plant-based milk consumption in 2023 proves that in the United States, people mostly preferred plant milk for many reasons, such as healthier options and environmental impact.

Consumers are more driven towards the almond milk consumption in the United States. With the growing market of plant-based milk, consumers market is more dependent on the plant milk citing various reasons. According to the data extracted from a study, the plant-based milk industry will be USD 2 billion in 2023, up with a 6.4 percent increase compared to 2022. Based on the data from National Consumer Panel, 41 percent of the consumers bought plant-based milk…

Sustainable development is growing daily in every sector of the economy. It has not been limited to the environmental aspects only, instead, it influences each market segment and eventually contributes towards protecting the environment only. There is a significant rise in consumer preferences shifting towards more sustainable and healthy food choices in 2023.

Recent studies have proven that plant-based milk will be more environmentally sustainable in 2023. Various options come with plant-based milk, such as soy, oat, coconut, and others. These plant milks are gaining popularity due to their many health benefits. These alternatives have also helped people who follow a vegan diet and are lactose intolerant. According to the survey, cow milk…

Accenture announced to invest USD 3 billion in artificial intelligence (AI) practices in 2023 to provide new industry solutions and previously built models that will provide companies across nineteen industries to drive value and accelerate clients.

It will invest in data and artificial intelligence (AI) practices to support its customers with them in various advanced industries. Accenture will use artificial intelligence to gain growth and efficiency in the work field. According to the company, it focuses on helping customers shift from interest to action with the support of data and artificial intelligence (Data & AI) practices. This initiative of Accenture will help the company handle business cases with more responsibility. The…

The Semiconductor Industry Association (SIA) in the United States has released a statement to set up new rules and actions for the outbound investment screening in August 2023. The US has targeted China, with developments coming further on releasing this statement.

The US administration launched an executive order in August 2023, citing prohibitions and specific product and technology rules. It prohibited outbound investments in semiconductors, microelectronics, artificial intelligence fields, and others. China is identified as the country of concern in these recently released reports from the US administration, followed by Hongkong and Macao as the other two countries on the list. Thus, the order also included notification focusing on a…

The world's largest oil producer, Saudi Aramco, has released the results from the second quarter and half year of 2023. The gains have dropped by 30 percent in the initial six months of 2023. The prices of crude oil have declined due to geopolitical reasons in 2022.

The company has enabled low-cost production and high supply reliability with solid profitability. Saudi Aramco reported a total income of USD 62 billion for the first quarter of 2023. For the first quarter of 2023, the company's net income was USD 30.1 billion, and the cash flow from the operating activities made up to USD 33.6 billion. The company's CEO views its strong results reflected from its caliber and strength to blend in through the market cycles. The company continues…

Accenture and Coca-Cola Bottlers Japan joined in a new venture in August 2023. The new collaboration will initiate in January 2024 to help Coca-Cola Bottlers Japan Group's goal to set itself as a data-driven firm having back-office operations and efficient administration.

The Coca-Cola bottlers Japan firm and Accenture target to become a commercial and economical world-class bottler with profitable local business process managed services in 2023. Coca-Cola Bottlers Japan operates all these functions in the information technology (IT) sector, linked with human resources, finances, customer service, and others. Coca-Cola Bottlers' business services will shift to this joint venture in this 2023 collaboration. This new collaboration will…

The global packaging industry has been boosted by the number of orders worldwide, parcel volumes, and many other factors. The global packaging industry has recorded a 2 percent decline in patent fillings for the second quarter of 2023, thus decreasing the total patent publications by 2 percent, per the new studies.

Based on a study, the patent applications in the second quarter of 2023 were 10,777, and 10,997 in the first quarter of 2023. The filings have declined by 21 percent on a year-over-year basis, but based on quarterly records, they have decreased by 2 percent. According to the trusted sources, most of the patenting activity is in the Industrial Automation Sector, with a 15 percent decline compared to the last quarter of 2022…

The uranium price witnessed a slight upward trend after the existing government's overthrow in July 2023 in Niger. Uranium, as a radioactive metal, is used for fuel reactors.

The experts also expect that the price may rise further, as one of the sources said that uranium spot price reached up to USD 56.25 for a pound towards the end of July 2023. The price was USD 58.15 for a pound last week of July 2023. In 2022, the fuel loaded in the European Union had an average advancement assay of 3.93 percent of the product, with 80 percent falling between 3.03 and 4.83 percent. A total of 11 327 tU of uranium was loaded into the reactors in 2022, which comprised uranium feed, savings from MOX fuel, reprocessed uranium, and other materials. All…

Meta newly launched an open-source family of artificial intelligence (AI) language models, Llama 2, in July 2023; it also contains the license for allowing integration with commercial products. With the growing era of artificial intelligence and generative AI, they play a crucial role in enhancing various opportunities for entrepreneurs, digital creators, tech individuals, and others. The economic and social development in the technological field is improving due to artificial intelligence.

The structure of Llama 2 models ranges from 7-70 billion parameters, making the model alarming in the AI world. Meta has conducted research whose outcomes claim that Llama 2 models can outperform open-source chat models mostly on every benchmark…