As economies across the globe enter an increased period of political volatility, these important trends will shape the future
Consumer Spending Will Increase
Led by China, consumer spending will increase 2.3% per year moving forward.
Education On the Rise
More consumers in developing countries will be better educated, influencing their lifestyle choices and purchasing decisions.
Asia Will Dominate Industrial Production
Euromontor estimates that 40% of industrial and 60% of high tech industrial production will take place in Asia.
Infrastructure-Related Spending Will Increase
Developed countries are pledging to invest in infrastructrure improvements. The U.K. will spend £23 billion; Canada has pledged $186 billion and president Trump has said he will spend $10 trillion over the next 10 years in the U.S.
Achieving a Work-Life Balance
More and more work is becoming more about what is done compared to where it is done. This has shifted work hours and locations with more employees working outside of the office.
Circular Economy
As more attention is being paid to environmental friendliness and conservation of resources, more companies are opting for greener business models.