Change and disruption are impacting businesses globally. Understanding the trends can help promote your organization’s adaptability and resilience.
“If there is one takeaway from the turbulence we have seen in the past few years, it’s that the world is not set to revert to normal”Jo Taylor
President and Chief Executive Officer, Ontario Teachers’ Pension Plan, writing for The World Economic Forum
In an article, “Resilience and adaptability are key to navigating today’s world. Here’s why”, written for this year’s World Economic Forum annual meeting in Davos, Switzerland, Jo Taylor, President and CEO of the Ontario Teachers’ Pension Plan, examines four important trends making waves in business on a global scale:
- The End of Hyper-Globalization
- The Politicization of the Marketplace
- The Evolution of Sustainability
- The Rapid Rise of Artificial Intelligence
The End of Hyper-Globalization
For the past 30 years, global interconnectedness allowed businesses to optimize operations internationally. However, this era is concluding, with major economies like the US and China reducing their mutual dependence in critical sectors, particularly advanced technology manufacturing. As countries and companies focus on securing and strengthening supply chains, “businesses will face complex choices. It will be important for leaders to understand where the biggest risks lie and to be able to spot opportunities arising from these realignments.” This shift may lead to higher inflation and sustained interest rates, requiring adaptability from businesses to navigate these new challenges.
Read the full article on Competitive Edge:
https://www.competitiveedgeinc.com/four-global-trends-that-demand-adaptability/