A tight labour market, persisting supply chain disruptions and elevated economic uncertainties cloud the business environment globally. Despite the challenges, there are opportunities for businesses to transform, innovate and build resilience in the new economic environment. Understanding the key trends shaping global business dynamism allows companies to adapt to the changing landscape and embrace new opportunities.
This report comes in PPT.
Given the ongoing tightness in the global labourmarket, companies are actively executing strategic talent acquisition and retention plans. To counter the scarcity of skilled workers on a global scale, businesses are directing investments towards internal talent development programmes. By providing opportunities for upskilling and reskilling, companies ensure their workforce possesses the necessary skills to meet evolving job demands.
In the face of prevalent global challenges governments and companies are continuing their investments in research and development (R&D). This shift reflects a commitment to addressing complex issues, fostering innovation and developing solutions that strengthen resilience in the increasingly unpredictable and competitive global environment.
In the contemporary business landscape, organisationsglobally are actively integrating artificial intelligence (AI) to optimisevarious business processes. AI technologies, ranging from machine learning algorithms to natural language processing, are being leveraged to streamline workflows, automate routine tasks and enhance overall operational efficiency.
Across various sectors, Asia has witnessed a substantial increase in digitalisation rankings. Having one of the largest online retailing markets and a vibrant digitalised population, Asian governments are making efforts to further improve the digital landscapes of their countries. Moreover, Asia leads in patent filings, with an annual growth of new patents granted continuously exceeding that of other regions.
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