There is a demographic transition towards aged populations underway in the world. Adaptation strategies will require governments, businesses and common people to make key adjustments. This may usher in a great opportunity for India The search for young talent may give way to reskilling experienced employees. Company cultures will need to foster a lifelong learning mindset as working lives expand to 50 years. (Reuters) With a calming budget behind us, I want to shift focus to a megatrend that got no attention in Davos this year. CEOs at the World Economic Forum repeatedly highlighted three trends – the unfolding geopolitics; the inescapable challenge of global warming and the need for companies to strengthen their net-zero commitments; and the accelerating Artificial Intelligence (AI) revolution and its pervasive presence across businesses. The shiny new object was the potential of ChatGPT, both good and bad. All companies need to evaluate the concentration risk in the feedstock they import, test the resilience of their supply chains, analyse the investments needed for their net-zero commitments, and check the adoption of digital and data in every aspect of their business. There’s no quarrel with that. However, what was ignored was the massive demographic transition underway […]
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