Today, there are 8 billion people on the planet. And it’s projected that 60 years down the road, 2 billion will be added to this number, which means that the number of humans occupying the earth’s surface will be 25% more. Resulting in the consumption of more food, energy, water resources, commodities, space, and security to maintain a basic lifestyle.
As society changes like it always has, it shifts the outlook people have on life. Author, demographer, and business advisor, Bernard Salt AM examines this shift and presents the future business landscape so that you can prepare for what’s ahead.
Key Takeaways
Deciphering the Demographic Story
A country’s economy depends on the number of citizens it has between the ages of 15 and 64. This section takes out loans, they reproduce, and they pay. This is the gut, the engine, and the piston that drives economic prosperity in a country.
Note the Numbers
In order to succeed, a business needs to be in the right place at the right time, offering the right product. The demography determines how well a business does. And that’s why it’s essential to note down the numbers and predict wants as they change.
Digitizing Business Dimensions
The pandemic propelled industries toward digitization, saving costs for businesses while it made customer experiences better. This shift altered the workplace forever by bringing in automation so that people could focus on the important things.
Breathing Quality Into Life
There was a time when working from home was a privilege that only a few could afford. Now, the mindset is different. Working from home offers a quality of life that the 21st-century demands and businesses must keep adapting to keep ahead.
Over the next 10, 20 years, digitization, mechanization, artificial intelligence, robotics, anything to give leverage to labor would be a business to be in.
