Business

A Future Prognosis

Athena @ Shaping Tomorrow

5 November 2024
Introduction
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Contents
User Guide
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Sources
RSS Feeds
Twitter Searches
Web Searches
Twitter Feeds
World Outlook
Main factors that cause something to happen globally
In a year marked by constant global change and disruption, businesses across Asia face unprecedented challenges. AsiaOne
By 2030, we envision a world where every business, regardless of scale or sector, harnesses the power of AI and emerging tech to drive transformative change. Small Business UK
By 2030, Saudi Arabia will have at least five universities among the top 200 universities in the world; and refocusing on small and medium-sized enterprises (SMEs) by encouraging financial assistance. Medium
Global regions, coloured according to number of forecasts
SWOT
Strengths
  • STATE BANK OF INDIA THE PUBLIC SECTOR BANK is expected to report a strong loan growth of 15% year-onyear in the September quarter, led by traction in retail and SME segments. Economic Times
  • The synergies between Uber's global transport network and Expedia's travel booking services could create a more resilient, diversified business model. Global Financial Market Review
  • Supply chain capabilities are crucial for business success, and the ability to anticipate and swiftly adapt to rapid changes is key to thriving. Prologis
Weaknesses
  • As global macroeconomic conditions become increasingly complex, with inflation and the risk of bank runs, entrepreneurs worldwide are seeking safer banking alternatives. Kuensel Online
  • A shortage of cybersecurity expertise and capacity in global SMBs is fueling talent burnout and creating new opportunities for threat actors. NetworkTigers News
  • Resource scarcity and climate change are driving companies worldwide to reevaluate their long-term business goals as well as operations, but they should view it as an opportunity. Inspiring Leadership Now
Opportunities
  • As sensors, 5G, edge computing, and AI algorithms continue advancing, autonomous things hold the potential to transform major industries by increasing efficiency, reducing costs, and enabling new business models over the next decade. History Tools
  • A £4.2 million MedTech accelerator programme has launched, which will provide up to 140 UK small and medium-sized enterprises (SMEs) with grants to tackle regulatory challenges. Digital Health
  • In the coming years, we can expect to see an upsurge in sustainable mobility solutions as environmentally-conscious consumers and entrepreneurs find opportunities to salvage and repurpose vehicles for eco-friendly purposes.
Threats
  • Though not stated explicitly, the ferocity of negotiations could reflect countries' nervousness about actions that might require businesses to change their practices to be more friendly to biodiversity. Carbon Brief
  • AI is based on historical data that may not be reliable in unpredictable and ever-changing global business environments. Fortune
  • The standardization of hybrid financial instruments may overcome the mistrust and fear of commitment stemming from the unique assurance game between social entrepreneurs and investors.
Influencers
Countries
Cities
People
Organizations
S-Curve

A framework that describes a 4-phase level of maturity to help determine potential and inform innovation strategy.

Weak
autonomous, SME, entrepreneur, augmented reality, quantum computing, artificial intelligence
Emerging
artificial intelligence, SME, company, 5G, entrepreneur, model
Maturing
SME, entrepreneur, company, bank, digital, consumer
Declining
SME, company, entrepreneur, business, GDP, consumer
Sentiment
Past Year: More Positive
Compare changing sentiment to a benchmark of all forecasts
The only way the world could hope to tackle the impending disaster of antimicrobial resistance - which estimates suggest could result in 10 million deaths a year by 2050 - was to fix the broken antibiotic business model. Chemistry World
Almost a quarter of UK CEOs (and 39% globally) believe their business will not be economically viable within a decade without a vital change of direction. ICAEW
PEST
Political
  • Thailand Drone Expo 2024 will gather experts, policymakers, standards and regulations enforcers from the government sector, professional drone pilots, and entrepreneurs in the drone industry, both domestic and international. Thailand Drone Expo
  • The 40% relief on business rates for the retail, hospitality and leisure sector is light relief alongside changes to national insurance and the minimum wage, which will see more small and medium sized businesses to struggle. City AM
  • While Project 2025 suggests a change to federal law, in recent years, pro-business groups have pushed a new wave of state legislation dismantling child labour protections - often under the guise of promoting parental rights. Truthout
Economic
  • Greater participation of SME firms in global value chains will increase trade and development opportunities, integrate value chains, and incentivize better Environment and Social (E & S) performance. Asian Development Bank
  • Business, Logistics, Global Freight DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal Danish transport company DSV will start a large bond sale as soon as in 2024 to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025. Transport Topics
  • The AAIP, especially through streams like the Alberta Opportunity and Express Entry, continues to offer one of the most accessible immigration routes for skilled workers and entrepreneurs alike. ImmigCanada Immigration Consulting Services
Social
  • By facilitating access to larger markets, cross-border trade provides women entrepreneurs with opportunities to scale their businesses, access capital, and integrate into global value chains.
  • Private equity firms have changed the business models of life insurers they invest in, posing risks that are more likely to materialize with higher interest rates. Insurance Journal
  • Rural Ventures is a group of entrepreneurs, investors, and analysts that are looking for people with a simple and obvious goal: to establish firms that will alter the way Brazil produces and feeds the world. Shizune
Technological
  • Insurance Australia Group (IAG) has introduced Cylo backed by CGU, a new cyber insurance solution aimed at small and medium-sized enterprises (SMEs) as cyber threats continue to rise. Insurance Business
  • In China, Citic Heavy Industries used digital twins and 3D modeling to predict equipment failures and provide operations and maintenance solutions for its cement business, saving more than 30% in costs. DIA Global Forum
  • Artificial intelligence is a booming sector of the global economy, and current trends suggest that AI service revenue will continue to grow as businesses start using AI tools for increasingly varied uses. Shopify
Financial Impact
As a chef, starting a niche fashion business could be an appealing and profitable side venture, especially in a booming industry set to reach $1.002 trillion by 2025. Starter Story
With retail eCommerce sales worldwide forecast to reach about 8.1 trillion dollars by 2026, it's never been a better time to start an online business. eFunder
Small and medium-sized enterprises (SMEs) across the globe, for example, are projected to have unfulfilled credit needs totaling $5 trillion annually, which is where B2B fintech can step in. Techfunnel
Click on the dots or the lines to see the connections
System Map
Organizations
Sectors
Cities
Countries
People
Scenarios
Creates plausible alternative futures of what can happen and encourages development of a robust, agile response
In a year marked by constant global change and disruption, businesses across Asia face unprecedented challenges. AsiaOne
By 2030, damage to the global climate will be irreversible regardless of the ushering in of new technologies and business models. Financial Times
Almost two in five of the bosses of global companies fear their businesses will be unviable within a decade because of the struggle to find talented workers and the need to adapt to technological change. The Guardian
Warnings
Changing proportion of published forecasts
From new perspectives to different mindsets, women bring a lot of powerful qualities to the world of business, helping spark creativity and disruption and changing the way people work. UNSW Sites
Banana farmers across the world need urgent support as climate change and soaring costs threaten their ability to stay in business. Kent Online
Solutions
Know how others are tackling issues with this topic
Creating New Opportunities: Partnerships with local and global businesses can open new avenues for entrepreneurs and business owners, allowing them to leverage blockchain technology for innovative solutions. Blogger
A successful global plastics deal in 2024 will require businesses to shift their models towards circularity. Passle
Digital cash has the potential to reshape global economies by streamlining business transactions, changing consumer behaviour, promoting financial inclusion, and influencing monetary policies. UEEx Technology
Key topics
Extremes
Investigate what’s transforming or collapsing
Adapting to the new normal of extreme natural disasters, unpredictable weather patterns, and yet-unknown future effects of climate change requires a sustained effort among businesses, industries, and leaders to adopt principles and practices that balance people and planet with profit. Nutraceuticals World
If big businesses and governments do not support SMEs to cut emissions - and quickly - we will ultimately miss the target of halving global emissions by 2030 and fail to avoid the most catastrophic impacts of the climate crisis. Reuters
SMEs are more vulnerable to disasters with many companies going bankrupt in the aftermath of a disaster and wreaking havoc on global supply chains. APEC
What's Next
Changing proportion of material mentioning future years
By the start of the next decade, our global business with exhaust-gas treatment systems will have doubled from its 2016 level. Bosch
Business Insider's premium research service, has forecasted the start of the IoT's global proliferation in The IoT Forecast Book 2018 - and the next five years will be transformational for consumers, enterprises, and governments. Business Insider
Questions
Can?
As the world leans towards nearshoring to bolster global supply chain resilience, how can businesses start to engage with SEZs? Forbes
How can companies adapt their business models to better exploit embedded finance? Bizclik Media Ltd
As the US pushes the EU to join in it decoupling from China, and potentially a broader trade war, can the EU's business model survive? Smart Thinking
How?
How much time, energy and resource will we spend trying to maintain life and business as we know it in the face of unrelenting climatic change? The Current
How fast is the business world changing and should people be concerned? Raconteur
How should entrepreneurs and inventors think about reinventing their roles in the age of AI? IEEE Spectrum
Who?
An entrepreneur who is a little more lucid than real estate developers, but will it be enough? Vogon Today
Two rich, well-known entrepreneurs asking regular human beings, who may be skeptical or unfamiliar with generative AI, to hand over their most personal and consequential health data to a nagging robot? The Atlantic
Rather than asking who has the market power to win the tug of war, we should be asking, What institutions and business models are needed to allocate the value that is created by the generative AI supply chain in proportion to the role that various parties play in creating it? O'Reilly Media
What?
What role do public-private partnerships and sandbox initiatives play in supporting SMEs in the quantum computing space? Quantum Europe
What is the business model to make AI technology financially healthy for all? CEOWORLD Magazine
What made three entrepreneurs with little knowledge of the hyperscaler landscape think they could compete with titans of AI industry? TechCrunch
When?
How far is the fashion industry when it comes to circular and sustainable business models and the transformation required? CINET - The International Committee of Textile Care
What do entrepreneurs hang their hats on when plotting the future development of their businesses?
What can small and medium size enterprises (SMEs) do when the complexities of cybersecurity insurance keep them from being made whole after a cyber breach? Digital Insurance
Will?
Wondering how AI will impact industries, business models, and everyday life? Madrona
Will there ever be an integration need for the millions of SMEs? FinExtra
How much growth can come from share gains in the core business, how much can be tapped via expansion into adjacencies, and where will we need to place step-out bets on new models, new brands, or inorganic moves? McKinsey & Company
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