If one world event surprises everyone for sure Ukraine-Russia conflict that eventually brings to surface and result in the war, which shocks the world which ends up for a lot of sanction and political support for both sides. In Oct 2022, it further intensify where due to bombing and attempt destroy of the crucial bridge on Russia end that trigger Russia reaction and result in strategic bombing 40 cities in the backend of Ukraine.
Due to the massive use of the low cost flying droid the can carry massive bomb for the suicide targeting, which much more cost effective than using expensive missile, we saw it being use, despite slow movement, but highly cost effective to carry out the mission objective. With the remote 300km distance capability, that is by far a great modern technology. Future world will make use of more and more non-human or remote control for sure. With the current blame of Iran for making the supply and likely to expand and involve countries due to it, it makes the market wonder whether 2022 year end or 2023 will become more complicated, where just two months away.
Due to global energy crisis, and the global hyperinflation, where the global recession is not just likely, whether it is from all the market data collect from various countries, we will expand to see more countries will have go to street strike, due to hyperinflation, and more countries government will change governance party.
After the 2 years+ COVID-19 pandemic, all the countries in the world have a huge debt and make massive over printing of the local currency, regardless of how you make price control domestically, due to world trade in nature for all the countries, hyperinflation is not available. Big global scale multinational corporations freeze, then rightsizing and chop off due to predict future revenue and existing headcount, and expect lower global spending, will result in the massive global unemployment.
For international politics, the move to declare China a public enemy of the US, follow with their alliance, to recent chip ban control, and the movement to attempt to remove USD as the global currency standard, make the year and the year to follow anticipating great change to come.
Fourth industrial revolution (4IR) Industry 4.0 continues to shift the world and make great changes for the existing distribution of wealth. Those who command it, for sure, have an edge over those who remain operating in the third industrial revolution. Smart factory will be one of it, due to capable to based on the market consumption and demand, and make rapid adjustment for the what to produce or shift the production into more sellable product model, make it much better to control and prevent for over stocking for the inventory for goods that will continue to stuck in the warehouse. 4IR is all about the “smart” technology that uses AI and robotics. Robotics take many forms, it can be software robotics process automation (RPA), machine learning trained artificial intelligence (AI), chatbot and can appeal as the display text or even speak natural languages. For use in logistics and transport, it makes long distance and self drive possible. For use in the restaurant backend kitchen, it makes it capable of making precise foods. Same as well for the rise of anywhere workspace, all the employees capable of working in office, in home or on the go.
For those seniors that are hired but not able to make use of anywhere workspace and make contribution under the project economy, we are expecting more people to make way for AI robotics to replace them. With the world where outsourcing to lower countries is the norm, we also expect more jobs will relocate somewhere else, since it is reality every enterprise needs to look into, which results in lower expenses, which mean more profits once restructuring to let outsourcing become part of their existing business.
The world is under great change, but we will keep notice of the massive enterprise that continues to operate in the old business model that is having a glorious past. But they have since forgotten about how the world is undergoing change, where tomorrow world success may or may not depend on your past, and in some circumstances will become your handicap, in particular to compete for the technology, where new technology generation always replaces old one. Furthermore, the market definition keeps changing, in the past may have point-and-shoot cameras, but with the massive advancement of the smartphone, that market is declining. The same rule can apply into various industry and product, where for most of the existing player will go out of business, due to they are not able to cope with the new change and offer what the market need, or they are not brother to make an attempt to do so in the new area where they are not comfortable to compete with. This is the reason why the term risk enterprise is all about. If you seize the right opportunity, the enterprise will grow and expand. But if you somehow miss the next wave of the big things, you are at risk for being wide out from the market.
E-SPIN Group in the enterprise ICT solution supply, consultancy, project management, training and maintenance for corporation and government agencies did business across the region and via the channel. Feel free to contact E-SPIN for your project requirement and inquiry.
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