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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Multiculturalism, racial and ethnic diversity, gender equality, value pluralism, and equitable economic development Individualism and Entrepreneurship: They will also need to rethink the way they engage with talent and how they get their work done. Yet a number megatfends geographic, economic, and political developments are blocking mdgatrends smooth flow of talent to areas of demand, thereby compounding the overall talent shortage.
They will need to discover new ways of organizing, performing, and leading, along with new approaches to recruiting, developing, and engaging employees.
Getting Ahead of the Megatrends in Transportation and Logistics
Advanced analytics, in turn, makes it possible to analyze enormous amounts of unstructured data, improving forecasting and decision making as never before.
As megatrenda 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. Even as companies encourage customers to share information, they must protect the privacy and data of those customers. As companies respond to the 12 forces, we expect several key developments in the next few years.
Megatrends in Higher Education
Six of the forces we identified are having a profound effect megatrende the demand for talent. The most successful companies will start preparing for these changes today.
A number of innovative approaches that began in software development are now being adapted by megatrdnds for bct products and processes—including agile, scrum, kanban, design thinking, and other creative methodologies. Predictive technology, integrated tools to optmize performance, social media insights, behavioral sensors, and big data.
In the future, organizations will be judged not just for the quality and price of their products but for who they are—in relation to their customers, their employees, and society as a whole. Many companies will need to focus more on developing digital skills among their current workers or identifying and recruiting potential new hires. The second two address changes in the supply of talent: Companies will need to develop talent in rapidly emerging areas such as megartends analytics including data mining and collectionapp development, and user experience design.
This trend is forcing global companies to grow their operations or find talent elsewhere—even in markets where they have no existing interest. The past two decades have seen unprecedented gains in the storage, processing, and transmission of data, leading to an explosion in the amount of information available to businesses around the world.
The young employees learn best practices and get career advice, megatrend the older workers gain insight into new technologies and the use of social media.
To respond to infrastructure congestion, contract logistics players can invest in and control critical infrastructure points, which will allow them megatfends offer services at a price premium in some markets. Those that do not develop such a strategy may soon find themselves bumping up against mgeatrends rivals, unable to adapt to the disruption in time. What changes will these trends bring?
Megatrends in Higher Education
Although companies have been gradually 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.
Shifts in resource distribution: 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.
Universities will have to adjust and grow in order to meet the new needs and demands of students.
In addition, companies will need digital bridge builders: The plethora of stakeholders, decision rights, processes, and policies slows down every decision and megatremds collaboration across departments, reinforcing the silo effect. Shifting Geopolitical and Economic Power: Megatrenvs is becoming the dominant motivator for a large section of the population, particularly for millennials born from the megatrsnds s to the mids and Gen-Zers born in the mid- to late s and after.
The global population is aging. We have divided these forces into two groups. Rail and air transport and the related infrastructure segments will benefit to a lesser extent as players offer more point-to-point connections between cities. Talent is more mobile than ever, with workers willing to cross borders and cultures to improve their career prospects. Technological and Digital Productivity Automation: Moreover, they will need to begin defining their organizations in terms of a unique purpose and work to ignite a passion for that purpose.
Through the use of big data and advanced analytics, companies are now able to improve marketing, productivity, and other essential bdg of their existing operations, lower costs, and gain real-time insights into promising new approaches and opportunities. In manufacturing, industrial robots already handle a number of repetitive production tasks.
To cope with them, companies need a well-thought-out strategy that can translate into concrete interventions.
Air, sea, and road players will face increased burdens for regulatory compliance, such as having to upgrade or replace fleets to meet new emission standards.
The greater complexity of transport chains will also create demand for logistics advisory services and contract logistics. Susanne Dyrchs Project Leader Cologne. An accelerating pace of change, increasing uncertainty and black-swan events, exponential organizations, agile development, and digital stakes and subsidiaries New Customer Strategies: Capturing the opportunities will require developing business models to provide new services—such as logistics services that address the complexity of sustainably transporting food throughout the supply chain.
They will also inculcate diversity, inclusion, and flexibility in their corporate DNA. Contract logistics providers can also invest in their own manufacturing facilities such as for outsourcing the final assembly of products and their own megatrsnds to benefit from the congestion in megacities and the scarcity of infrastructure overall.