12 factors that will impact business in the future: The Worlds Exploding Middle Class: The largest consolidation of Middle Class live in Europe, but by 2020 40% will reside in Asia.
Food: The total demand for agriculture products increases by 60% in 2030. This demand is caused by population increase and the desire for more meat and protein, which puts increased pressure on agriculture and the environment, due to reduced production efficiency. The increase in food requirements from 7bn to 9bn mouths to feed by 2050, and its challenges are a consideration for many businesses.
Demographics: population growth is flattening out but it is unlikely to stabilize until 2050, with a population of 9bn. Birth rates fall in almost every region apart from Sub Saharan Africa.
Water: The term “water is the new oil’ by Peter Brabeck-Letmathe, Nestlé. The earths water is 97.5% salt with only 2.5% fresh. Of the 2.5% only 0.07% is accessible.
Africa: The sub Saharan region has boomed in the last decade with an annual growth rate of 5.5% between 1995 and 2005.
China: China’s powerful economy is confirmed, it overtook Japan as the worlds second largest economy with a GDP of 5 trillion compared to the US’s 14.5 trillion. This position is quite secure with currency stability, 30 years of booming growth has given 2.5 trillion in foreign currency.
Gender: Gender equality has improved, but there is evidence of continued disparity. In the US there is a disproportionate growth in male unemployment, 51% of the 2010 workforce were female. In developed countries women will be the primary breadwinners in the next 20 to 30 years!
The European Union: The ideal was a good intention!
Health: The highest expenditure in health care is in the US $8,090.60 per person, but shockingly it only ranks 32nd in the worlds life expectancy with 79.2 years. The average global spend is $666 per person. The world’s fastest growing disease is diabetes, and second Alzheimer’s. Watch companies like Novo Nordisk.
Urbanization: growth of mega cities and wealth centres, which focus the world’s resources and riches. In1950 there were 83 cities of more than 1 million, and today 480. There were 2 Mega cities of more than 10 million people in 1950 and today 26 with 16 of them in Asia. This is a significant drain on resources in hubs.
Longevity: Life expectancy has doubled in the 20th century.
Migration: migration has increased. International immigrants have risen to 150 million in 2000 to 214 million today. In total migrants represent 3% of the world’s population, and 10% of the world’s population says that they would like to immigrate. This challenges the regulations and restrictions we have, and perhaps the need to appreciate skills earner in different countries so that they are more transferable.
The Source Material was from: Facts That Will Shape the Global Business Environment by ATKearny