To achieve profitable growth over the long term, transportation and logistics companies must prepare for six megatrends that are reshaping the. Boston Consulting Group On Global Megatrends. Differentiating Success Factor or Just a Hollow Phrase? The word “megatrend” is a beloved. Megatrend analysis allows companies to build a long-term strategy that on analysis from Boston Consulting Group, a fourfold increase.
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They need not even be employees: The New Age of Work What changes will these trends bring? The greater complexity of transport chains will also create demand for logistics advisory services and contract logistics. They will need to create career paths and roles to serve the entrepreneurial aspirations of the highly skilled megatrend they seek. To capture opportunities related to sustainability, companies can develop such offerings as green transport using electric vehicles to help metatrends reduce their carbon footprint.
As the skill shortage increases, new attitudes among talented people are also changing the workplace—in particular, the growing preference for independent work instead of dedicated corporate careers. Freight-forwarding players also need to build a strong presence in attractive markets, such as RDEs, identify the fast-growing companies early on, and prepare to win their business, as these up-and-comers represent the next wave of global challengers and large-scale customers.
As organizations begin to rent rather than hire talent, they will have to make do with a lower level of commitment.
Twelve Forces That Will Radically Change How Organizations Work
Access to Information and Ideas: Technological and digital productivity: A BCG survey of business leaders found that three-quarters believed complexity was making it harder to meet business goals. These and other analytic capabilities will transform HR, along with every other business function, enabling the delivery of highly customized and effective service to internal and external customers.
They will also need to rethink the way they engage with talent and how they get their work done. Organizational goals, then, must go beyond profitability to include the subjective aspects of corporate responsibility across the value chain. They will also need to rely on data, rather than their gut instinct, in decision making.
The segments that stand to benefit the most from urbanization are road transport and CEP delivery, as well as hinterland terminals and warehousing. Meanwhile, millennial and Generation Z digital natives are entering the global workforce with new expectations and orientations.
And the benefits go both ways. Personalization and premium products and services, the sharing economy, data security, ethics, and the environment. These players can use their broad perspective on the market to identify which routes will have the most significant capacity constraints, secure capacity on these routes, megatgends offer it to customers at premium prices. After rapid population increases during the 20th century, birth rates have stalled—and even reversed—in many regions.
The challenge is to help them develop those skills, or—for some young people—to increase their mobility so that they can find jobs elsewhere. The most successful companies will start preparing for these changes today. To that end, GE has introduced a mobile application that prompts employees to work on development areas and provides real-time feedback. In all cases, the megatrends will create business opportunities that players negatrends be prepared to address. Second, digitization has enabled the emergence of megatrdnds business models.
As Baby Boomers age, the demand for scarce and specialized talent grows, and as talent disperses as a result of various geographic, economic, and political factors, companies will be increasingly challenged to attract and retain the highly skilled people bvg need.
Organizations must learn how to manage complexity in entirely new ways if they hope to thrive, understanding how to get results without adding more layers, processes, and silos. Road transport players will need to prepare for the impact of more stringent sustainability regulations, as well as for the effects of increased fuel costs, and, potentially, carbon taxes.
Desire for personal, social, and communal impact; reflection and purpose; self-expression; appreciation and respect; and physical and mental health and balance. An accelerating pace of change, increasing uncertainty and black-swan events, exponential organizations, agile development, and digital stakes and subsidiaries New Customer Strategies: These demographic shifts will put pressure on companies to devise entirely new ways to attract, retain, and develop talent across locations and age groups.
As the world enters the fourth industrial revolution, the education needs of the future workforce are drastically changing. Companies will need to learn how to compete for talent in these locations while developing talent in other areas. Freelance work versus employee loyalty, risk taking and entrepreneurism, multidisciplinary pursuits, talent renting and freelancing, and individualized aspirations.
Alison Sander: Megatrends — 5 tips on the art and science of trend tracking | TED Talk
Our yearlong analysis revealed 60 trends, which we consolidated into 12 megatrends in four areas. In future publications in the New New Way of Working series, we will discuss the implications of these trends in more detail as we explore the following topics:. The growth of these trade flows will help offset stagnating trade in developed markets. They bxg also inculcate diversity, inclusion, and flexibility in their corporate DNA.
Megatrends in Higher Education
New silos develop, the number of stakeholders involved in decision making increases, and interdependencies between functions multiply. As consumption increases in rapidly developing economies RDEsso too will production. For example, many students want the flexibility to design their own major and make greater use of electives. Through the use of megartends data and advanced analytics, companies are now able to improve marketing, productivity, and other essential aspects of their existing operations, lower costs, and gain real-time insights into promising new approaches and opportunities.
Twelve Forces That Will Radically Change How Organizations Work: The New New Way of Working
Big Data and Advanced Analytics: The Global Workforce Crisis: Although companies have been hcg automating for decades, recent advances in areas such as robotics and artificial intelligence are not only obligating people to work side by side with machines but are also creating replacements for human workers—even in fairly sophisticated jobs.
As organizations grow, their structure becomes increasingly complicated. Once a novelty, the technology will become a basic competitive requirement. The first two address changes in the demand for talent: