Current Global Mega Trends Affecting Business and Marketing Operations
If you are a marketer, you must understand the latest trends impacting the business world. Megatrends are the largest forces shaping our future world, and their influence is felt across all sectors and industries. In this article, we’ll review some of the major changes that could affect your business and marketing operations. Let’s start with the Future of Mobility. With this trend, your product or service could be affected in several different ways.
Population growth – This megatrend is a fundamental structural shift, underpinning many others. Depending on the region, this growth will come from emerging markets, where the majority of the world’s population will be aged over 60. By 2050, the UN projects that 90% of the world’s population will live in less developed countries. The future of business is uncertain but it’s worth preparing for it.
Technology – The rapid advancement of technology is driving the next wave of innovation, and it will change nearly every industry. We’ll see robots replacing humans, and machines learning to do a variety of tasks faster. But what about the future of work? While this may be a scary thought for some, it’s also a reality for countless businesses. As a marketer, you must prepare your business for the future.
Demography – Another big trend that will impact business and marketing operations is population growth. This megatrend will be a big change in our world, bringing with it huge opportunities. New companies will take advantage of these trends to create new products and services. Some of these companies will even grow into unicorns – private companies valued at $1 billion or more. Despite the potential for megatrends to disrupt the economy, their impact is limited at first, and eventually, they can break existing business models. This can be a risk for large corporations if they assume megatrends have been incorporated into their strategic plans.
The world is becoming increasingly interconnected. The speed of innovation is increasing and the impact on our planet is enormous. In the future, we will have more time to think about how we are connecting and interacting with our environment. Moreover, these new technologies will make it easier to identify new competitors. For marketers, this is a good opportunity to seize. The future is bright for small and mid-sized businesses.
In addition to these megatrends, we can also focus on the future of the business. For example, there are environmental issues. These are the biggest challenges for businesses. In turn, we must be prepared to face them. We must develop new skills and embrace these challenges. If you want to survive, you must understand the megatrends and make an informed decision. They’ll impact your company’s growth and survival.
Consumers are constantly connected. According to Pew Research Center, 77 percent of Americans own a smartphone. In developing countries, the percentage is much lower. In addition, people are increasingly mobile, which means they can instantly access information and interact with other people. This is a great opportunity for companies to engage consumers. In the future, it will be crucial to understand the megatrends that affect business and marketing.
The most immediate megatrend impacting business today is the digital future. The technological revolution is transforming everything. This disruption is also threatening the future of corporates. As a result, new competitors can enter the marketplace quickly and capture market share in a short period of time. As we adapt, we must also be able to understand the disruptive forces that are impacting our world. If you are a marketer, you must be prepared for this shift.
The previous cycles of major change have overturned the industrial order. It is a supercycle that continues for several decades. These supercycles have transformed the world, transformed our work, and shaped our lives. It has also created a new global market leader. But these super-cycles aren’t going to continue forever. As long as you understand them and stay ahead of them, you’ll be able to stay competitive.