Future Forces 2023 Report
The six megatrends shaping business over the next decade.
Change is a constant, but effective business leaders understand that disruption also brings growth opportunities.
To help business leaders gain a better understanding of the major forces shaping this change, Ashurst collaborated with Economist Impact to explore a wide range of ongoing developments across technology, geopolitics, macroeconomics, international trade, population demographics and environmental science. This analysis identified six megatrends - powerful forces believed to have the potential to change the global economy, business and society in the next decade.
- Enthusiasm abounds about opportunities in creating resilient cities, with 43% of respondents excited about opportunities amid the need to modernise the built environment and civil infrastructure.
- Sustainability is simultaneously a huge opportunity and the toughest challenge of all for business, with enormous regulatory implications and burdens. Respondents deem financial climate disclosure, supply chain transparency and other ESG rules as more likely than any other regulatory developments to impact their business over the next decade.
- Skills for the future, digitalisation and the net zero transition are interlinked and key to addressing all six megatrends.
- Adapting to demographic change is a major challenge, cutting across changing customer needs, increased bargaining power of labour and meeting the needs of the inhabitants of densely populated and dynamic cities.
- Businesses have huge capability gaps, with 8/9 out of 10 executives surveyed seeing current business resilience, innovation, tech and management vision as insufficient.
Click on our report to read more.
Explore sector articles about the impact of the megatrends on key industries
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