Today, aviation as an industry contributes a relatively small percentage of global carbon emissions, thanks in large part to 50 years of efforts by aerospace and aviation to increase aircraft energy efficiency. Since the 1960s, aerospace manufacturers have pushed the envelope to reduce aircrafts’ fuel consumption, and those efforts continue today with unprecedented turnover to modernize airline fleets, as well as add tools and tactics to optimize flying procedures and routes to minimize fuel burn. 

Amid continuing environmental pressures, the industry has also been investigating biofuels and other non-fossil fuel alternatives.

USDA’s initial outlook for 2020 crops projects higher acreage for both corn and soybeans — taking up a significant amount of last year’s prevented planting acres — with soybean prices up slightly but corn prices expected to come down.

“2020 is a big year for trade, of course … and that is going to help sales and prices,” Johansson said.

From automation and seamless connectivity to personalization, digital technologies are putting the automotive industry in a state of disruptive transition.

Against this backdrop, auto manufacturers need to explore new digital solutions across the value chain to conceive new models and survive in the rapidly transforming industry, says GlobalData, a data and analytics company.