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Modern vehicles utilize a significant amount of plastics, which reduces the weight of the vehicle, helps improve fuel efficiency, and offers design flexibility. Ethylene is a primary building block for many of these plastics. When there's a surge in new orders for motor vehicles and parts, it could mean a corresponding increase in the demand for plastics used in the automotive industry.
The DJIA is often considered a barometer of the overall U.S. economy and industrial activity. A rising DJIA suggests positive investor sentiment, optimism about the future, and the expectation of strong economic activity. A growing economy often leads to increased manufacturing and industrial activity, which can increase the consumption of petrochemicals like ethane and ethylene.
This variable refers to the price of Brent crude oil in the spot market, typically quoted on a per-barrel basis. Brent crude is one of the major trading classifications of sweet light crude oil and serves as a major benchmark price for worldwide oil purchases.
Indicio provides you with a clearer understanding of your future demand by identifying your relevant market drivers, to ensure you successfully plan your production more effectively and avoid overproduction or underproduction.Optimize production by improving forecast accuracy
Construction machinery typically has long product lifecycles, making accurate forecasting essential for planning production and inventory management. By improving forecasting accuracy, manufacturers can better anticipate market demand for specific machinery types, plan for product updates or replacements, and avoid excessive inventory of outdated models.Detect market trend shifts ahead of time
Anticipate market trends and assess the demand for new technologies, and make informed decisions about research and development investments, product diversification, and production capacity.Book a demo
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