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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More stringent regulations and greater resource constraints make it imperative for logistics players to find new ways to reduce energy consumption. As a result, the migration of workers from the poorest and most rural areas to the richest and most urban areas is accelerating, as is the desire of employees to work virtually.
Six of the forces we identified are having a profound effect on the demand for talent. As a result of these powerful attitudinal shifts, companies will need to begin making job offers that go far beyond traditional compensation and perks, offering instead a comprehensive set of flexible work and development opportunities that appeal to the personal aspirations and values of their employees.
Big Mevatrends and Advanced Analytics: The New Age of Work What changes megatdends these trends bring? In this report, the first in the New New Way of Working series, we identify several companies that are leading the way. Instead, companies are turning to organizations such as Udacity, edX, and Coursera, which allow people to receive training while working full-time.
The ability to tap information and ideas from anyone, anywhere, is multiplying exponentially, both for individuals and for businesses. A New Demographic Mix.
Alison Sander: Megatrends — 5 tips on the art and science of trend tracking | TED Talk
Moreover, data analytics can be used to improve employee management and engagement. A BCG survey of business leaders found that three-quarters believed complexity was making it harder to meet business goals. Organizations tend to respond to new challenges by adding teams, functions, and departments. 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.
The increased prevalence of digital technology and artificial intelligence will lead to new job functions and categories—but also to shortages of people with the skills needed to fill those roles.
They want personalized offerings and will collaborate with companies to help develop the products and services they desire. In response, many companies will need to adopt an entirely new approach to engaging customers, continuously evolving their value propositions to stay ahead of the competition. These 12 trends are complex and interrelated. 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:.
Nonetheless, such measures can increase employee satisfaction because they empower widely autonomous teams and treat all opinions as equally valuable. And the benefits go both ways. Automation is replacing jobs; big data and advanced analytics are unlocking vast customer, operational, and employee insights; and increased access to information and ideas is blurring the boundaries of traditional institutions.
But many of them do not acquire the skills that would make them employable. They want to define the experience they have as well as the degree they earn—an autonomy that will allow them to identify where they can best use their talents and interests.
Given that many universities are already overwhelmed with demand, the responsibility for this radical retraining will likely fall into the hands of business. The biggest beneficiaries of the increase in long-distance global transport will be the sea and air transport segments—as well as the infrastructure and freight-forwarding segments that provide services related to long-distance transport.
They are also harder to retain. All this in organizations with limitless data, open boundaries, employees and machines working side by side, and rapidly evolving employee value propositions. They will also inculcate diversity, inclusion, and flexibility in their corporate DNA. See Allies and Adversaries: Advances in digital productivity have many benefits, but they also increase complexity and accelerate business cycles.
As a result, companies from these countries will become large global players.
Megatrends in Higher Education
In response, companies need to put a premium on simplicity, agility and innovation, and understanding megatrenrs needs of customers. Nearly half of US and German companies in a BCG survey cited the lack of qualified employees as the biggest constraint to a full digital transformation.
These forces, or megatrends, fall into four categories.
First, companies have significant opportunities to apply big data and automation to improve operational efficiency, quality, and costs. The implication for management teams is clear: The postal-delivery segment is already benefiting from this trend, but these gains are often not sufficient to offset the loss in business caused by electronic communications.
They have also implemented IT systems to replace paper-based processes for pricing, booking, and billing. In addition, according to a Gartner study, a third of all technology jobs will go unfilled by because of talent shortfalls.
Getting Ahead of the Megatrends in Transportation and Logistics
As the world enters the fourth industrial revolution, the education needs of the future workforce are drastically changing. Changes in the Supply of Talent As these six forces propel a variety of changes in the demand for talent, six social, economic, political, and technological forces are shaping the supply.
What changes will these trends bring? For a list of all 60 trends, see the Appendix. An increasingly dynamic global economy has led to shortages of skilled, knowledgeable employees in some markets and may create a surplus of less-skilled workers in others.
Logistics players will need to overcome these constraints when developing solutions for their customers. Companies will need to develop talent in rapidly emerging areas such as data analytics including data mining and collectionapp development, and user experience design. To capture opportunities related to sustainability, companies can develop such offerings as green transport using electric vehicles to help megatdends reduce their carbon footprint. The growth of these trade flows will help offset stagnating trade in developed markets.
Megatrends in Higher Education
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: As megatrsnds six forces propel a variety of changes in the demand for talent, six social, economic, political, and technological forces are shaping the supply. Congestion and the related cost increases such as higher landing fees will impose additional burdens on logistics providers and could potentially disrupt service offerings, such as just-in-time delivery.
A New Demographic Mix: By proactively addressing the opportunities created by these megatrends and avoiding losing ground to new players, incumbents can emerge as winners in the long term. Independence is becoming the dominant motivator for a bgc section of the population, particularly for millennials born megatrendw the early s to the mids and Gen-Zers born in the mid- to late s and after.