Organizations

WHAT'S NEW?: Moves away from traditional, hierarchical, full-time structures towards a gig and shared economy continue apace. New models of virtual working and work anywhere, anytime for anybody are likely to grow dramatically in the coming years.

[New] By 2023, organizations using blockchain smart contracts will increase overall data quality by 50%, but reduce data availability by 30%.
[New] Of the £30bn in extra spending, £12bn will be specifically targeted at coronavirus measures, including at least £5bn for the NHS in England and £7bn for business and workers across the UK.
[New] The IEA has warned that, while carbon emissions will likely decline this year, in the medium term the coronavirus outbreak could slow down the low carbon transition, as green investments are put on hold by cash-strapped governments and businesses.
[New] In the U.S., sales of EVs were down in 2019, but are predicted to rise in 2020 as more new models are introduced and more charging stations come on line.
[New] As businesses, governments, communities and all of us as individuals increasingly adapt and adopt new digital technologies, the volume of data on our network grew by 26% last year alone and is expected to triple by 2025.
[New] 2020 will be the year of increased user adoption, when more people and businesses use an ever-growing number of Open Banking-enabled products.
[New] The manufacturing sector is expected to see a 'U' - shaped recovery, the service sector is anticipated to be in the doldrums this year, showing an 'L' - shaped recovery.
[New] The International Energy Agency has warned that, while carbon emissions will likely decline this year, in the medium term the coronavirus outbreak could slow down the low-carbon transition as green investments are put on hold by cash-strapped governments and businesses.
[New] As Trump has increasingly talked about reopening businesses and putting Americans back to work, the World Health Organization warned earlier Tuesday that the U.S. could become a new hub of the coronavirus outbreak.
[New] Germany's center-left coalition agreed to increase public investments by 12.4 billion euros by 2024 and to make it easier for companies to claim subsidies to support workers on reduced working hours to counter the effects of the coronavirus epidemic.
[New] The EU Emissions Trading System has for many years included aviation CO2 emissions within its scope, while the CORSIA scheme, 18, 19 agreed by the International Civil Aviation Organization (ICAO) will commence its pilot phase in 2021.
[New] The cloud services market, comprising infrastructure as a service (IaaS), platform as a service, and software as a service (SaaS), is forecast to be worth $332.8bn in 2020, up 22% on the previous year.
[New] China has set an ambitious target for non-fossil fuel energy in the Energy Production and Consumption Revolution Strategy (2016-2030): the ratio of non-fossil fuel energy will be 20% and more than half the total energy consumption in 2030 and 2050, respectively.
[New] From smarter security, decreasing maintenance costs, improved user experience, and customer support, IoT is helping many businesses currently, which will only grow this coming year.
[New] The World Health Organization estimates overall demand for healthcare workers to rise to 18.2 million across Europe by 2030 and, as an example, states that the current supply of 8.6 million nurses, midwives, and healthcare assistants across Europe will not meet current or projected future need.
[New] Plug-in hybrid vehicles are especially important in Volvo's strategy as it sets its sights on making electric vehicles half of its sales by 2025.
[New] Workers around the world could lose $3.4 trillion in income by the end of this year.
[New] Nearly 400 million workers globally will change their occupations in the next 10 years, and business schools are uniquely situated to respond to the shifts coming to the future of work.
[New] Sales of plug-in EV (PEV) light-duty commercial vehicles are expected to grow from about 238,000 in 2019 to almost 5.5 million in 2030, at a compound annual growth rate of 33%.
In recent years, Australia and New Zealand have seen growth in online grocery sales, with industry revenue in Australia expected to grow to an annualised 21.7% over the past 5 years, to a total of $3.3 billion.
The Organisation for Economic Cooperation and Development (OECD) has predicted that even a mild and contained outbreak of coronavirus would wipe 0.5 percentage points from Australia's economic growth this year.
The Global Maritime Transport Consulting Service Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2019 to 2026.
Burberry expects store sales to fall by between 70% and 80% in the final weeks of the year, and fourth quarter sales to drop by a third.

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Last updated: 30 March 2020