Own it or share it? That is becoming an increasingly legitimate question as the “sharing economy” explodes. Near zero marginal costs – a phenomenon that is sweeping across multiple industries – is making it happen, and it has many traditional companies reeling.
If you haven’t heard of the term augmented or virtual reality (AR) before, perhaps Google’s Glass or Facebook’s recent $2 billion acquisition of Oculus Rift rings a bell.
E-commerce has been the driving force behind mail order retailing in Germany for years. Since 2006, business volumes have as much as doubled, and online trade is forecast to account for over 87% of all mail order business in 2014. And all while the traditional mail order business – like catalogues – is seeing a steady drop in market share.*
How will we shop in the future? How will the ever-growing supply of information impact our actions and buying behavior? Will parcels be delivered every hour? No one can say for sure how things will actually develop and what life will look like 20 years from now, but taking the time to think about it today is, in my view, time well spent.
Here are some snapshots of the near future: An entire transporter fleet is set in motion with just a flick of the wrist. Your online purchase is sent on its way even before you’ve completed the order. Laptops and tablets will have to compete with wearable computers integrated into our clothing.
Myths and prejudices about Africa abound, giving pause to some global companies looking to expand into new markets. But if you’ve taken the time to understand the continent – as I have – you’ll undoubtedly agree that Africa is the world’s most exciting developing region right now.
The state of the world around us increasingly affects the way we do business. We operate in an increasingly interconnected and globalized world, with rapidly changing customer demands and government policies. Planning has to remain nimble, especially as we begin to face a challenging new set of sustainability “megaforces.” The time for bold, visionary and innovative thinking is now.