World Economic Outlook, October 2024: Policy Pivot, Rising Threats

But so, too, is the adoption of agile practices, including dynamic supply chains and flexible workforce management. Ignoring the lessons learned during the pandemic at the start of this decade would clearly be a big mistake, but the overriding message is to expect – and be prepared for – the unexpected. Omnichannel strategies are also becoming more sophisticated, ensuring a smooth transition between online and offline touchpoints and providing a unified brand experience, regardless of where or how they choose to engage. This means businesses that put customer experience at the heart of everything they do will reap the rewards in 2025. We will also continue to see increased investment in training and upskilling, particularly around disruptive technologies such as generative AI and skills that will be in demand in an AI-driven economy.

Sustainable Business And Circular Economies

• Stretching the period to 2017, in the labor market, we see increasing real income per capita but little change in average income inequality.
• The global hair growth supplements market size was valued at USD 1.49 billion in 2024 and is projected to reach USD 3.25 billion by 2032, with a CAGR of 10.00% during the forecast period of 2025 to 2032.
• Among its many objectives, this segment of technologies works towards zero net energy buildings, zero waste, and zero carbon emissions.

“Superstars” constitute the top 10 percent of companies and capture 80 percent of the economic profit. Superstar companies come from all sectors of the global economy, and their diversity has increased over the past 20 years. US companies still make up the largest share of the leaders, accounting for 38 percent, compared with 45 percent in the 1990s.

Trends In Global Compensation: Key Insights From Deel’s State Of Global Compensation Report 2024

ASEAN is emerging as a major player both within the Global South and with the rest of the world. The region has been among the greatest beneficiaries of production shifts spurred by geopolitics, such as trade tensions between the US and China. Combined trade of the ASEAN nations is projected to grow 3.7% annually over the next decade as the region’s manufacturing capabilities improve and their share of industrial value chains deepen, particularly in sectors such as electronics. To mitigate risks, many companies are adopting “China+X” strategies aimed at diversifying supply chains by investing in ASEAN alongside China. Some ASEAN countries are also helping connect the economies of China and the US by serving as hosts to foreign investment from both nations. Business leaders must consider both the risks and opportunities created by evolving geopolitical shifts that will alter their supply chains and business strategies.

As an example, the number of megacities (classified by the UN as cities with 10 million or more inhabitants) is also on the rise; by 2030, there will be 43 megacities, up from 33 in 2018. Evolutionary patterns of the economy capture the ever-changing dynamics of the world economy. Rapid industrialization, technological advances, changing demographics, and the growing clout of economies in Asia, Africa, and Latin America are the main forces behind this transition. For businesses, the future of mobility heralds a new era of sustainable, efficient, and inclusive transportation solutions.

India is also becoming more skeptical of Chinese direct investment in its economy, particularly in sensitive sectors. This economic wariness is compounded by an ongoing border dispute between the two nations. ASEAN trade growth with the US is likely to moderate as well, to 4.3% CAGR through 2033.

In addition, technological innovation and the broadening of the AI cycle is expected to remain an important driver across markets, with monetization becoming a greater focus in the coming quarter. Providing investment banking solutions, including mergers and acquisitions, capital raising and risk management, for a broad range of corporations, institutions and governments. They are derived by market makers in CFD OTC market and hence prices may not be accurate and may differ from the actual market price, meaning prices are indicative only and not appropriate for trading purposes. Therefore Moneycontrol doesn’t bear any responsibility for any trading losses you might incur as a result of using this data. The market is analysed and market size insights and trends are provided by type, nature, form, route of administration and sales channel as referenced above. Whether tracking inflation-adjusted salaries or ensuring pay equity, Deel provides the tools needed to adapt to a dynamic global workforce.

Here, we offer three proactive ways to stay ahead of the curve and navigate the changing business landscape. Businesses are increasingly building and nurturing online communities in an effort to engage customers with their brands, products, and services. Online communities allow customers to connect, ask questions, share experiences, and get product help. Penafel Limited article Online communities can also be a great way to leverage affiliate and influencer marketing programs and promote customer-generated content such as photos, videos, reviews, and testimonials. With the rise of AI tools and automation of tasks like handling routine customer inquiries or scheduling social media posts, employers increasingly value workplace skills and see them as vital to success. Workplace skills, also called human skills or soft skills, refer to abilities like communication, empathy, or leadership that bring a human element to the more technical aspects of your work.

Climate change, for instance, was identified as the top societal issue for business to address, and the fourth biggest threat to business. Some researchers now say global warming may exceed the 1.5°C threshold in just a few years. To say that we face uncertainty around economic conditions and matters of international security as we enter 2025 is something of an understatement. Ongoing conflicts in regions including Ukraine and the Middle East, alongside economic uncertainty and fluctuating market conditions, are all creating challenges for businesses. The need for organizations to develop the capacity to survive and adapt to these disruptions—known as resilience—will be a key talking point during the year ahead.