For many start-ups, crowdfunding also serves as a marketing tool that gathers customer feedback for product development and connects them to suppliers and retailers. As a result, many MNCs are jumping on the crowdfunding bandwagon as part of their marketing strategy.
By some estimates, more than 40% of workers around the world considered quitting their job. The trend has come to be referred to as the “Great Resignation” or the “Big Quit”. The worst hit were the leisure, hospitality, retail and healthcare sectors.
From banks and cryptocurrency exchanges to e-commerce giants, logistics and even the news media, hackers and data thieves are hitting industries hard. Forecasts suggest that by 2025, cybercrime will rack up a toll of US$10.5 trillion annually.
The Covid-19 pandemic’s disruption of the labour market has been a strong driver of the growth of the gig economy. Notorious for its lack of regulations, gig economy workers are pressuring for better working conditions.
The automotive sector is already recovering from the economic consequences of the pandemic, and even faster in Asia.
China-US global and regional political tensions and economic measures are likely to play the biggest roles in the unfolding of the Asian economic and political landscape this year.
As the education landscape continues to evolve, self and company funded adult education is becoming more popular. There is also a need to focus on attributes that are less replicable by machines and artificial intelligence.
The technology industry, which like many others, has been hit and has had to adapt to the evolving pandemic. AI is one of the factors that will help drive breakthroughs and bring more products and services to market faster.
In the first of a three-part Spirethoughts instalment examining analysts’ predictions for the new year ahead, we look at 3 economic and social trends that are likely to affect the global economy in 2022.
Online learning became a household word as Covid-19 movement restrictions and lockdowns confined billions to their homes all over the world.
