Next normal continue to have jobs that shortage to be fill, it out of everyone surprise, almost 2 years of COVID-19 pandemic, most of the business that required to rightsizing or close down, as expect is should reach the recovery and reset, but it remain lot of the job to be fill that remain shortage of workers globally.
Supply chain disruptions make a lot of offshore jobs and now onshore back, as more and more local plants are opened up for it. Some countries, due to ageing society, continue to face shortage of the workers that can not be filled by elders, this opens up a huge job market potential for foreign workers who are willing to relocate.
But due to local intent to protect citizen to fill those job local first as massive unemployment undergoing in next normal, but those local do not willing to undertaking the job they perceived not really hight pay for them and choose to continue unemployed, so it end up continue be shortage for those job category for workers, and impact on the business economy.
More and more jobs are being taken over by the smart factory automation and robotics, that is the industry structural shift, as every nation is evolving and accelerating their entry into the 4th industrial revolution, and will continue to need less and less workers and free up the pool for service sector and industry. In next normal, as long as the nation continue border controls and immigration limits, and local demands for better pay job (which is really become lesser and for truly global elite who classified as highly competitive knowledge worker, where they lack to classify as one), will continue be unemployed and jobless, regardless for what the nation attempt to boost hire local first, but the local do not possess the knowledge worker skill and competency or relative uncompetitive with others nation who can provide them at the reasonable cost.
Since 1990 for computing , then 1995 for the first consumer internet purchase online, the era for the digital economy has continued to expand. More and more products are from tangible and digitalization and trade via digital platforms. It will continue to shape the nature of the business landscape, open windows of opportunities for those who adapt for the new business way. On the other hand, it will let those who are against the winds of change to be extinct from the market. Undertaking COVID-19 pandemic three point plan to respond, recover and reset and take it as a change agent, adapt to the next normal and mobilizing resources to evolve into a new business environment proactively with the market is the key for digital transformation initiatives. Are you ready and have plans for the 4th industrial revolution and how to tap digital transformation to scale and automate and into the cloud? If you are not, it is time for you to think, in the blink of an eye, you need less than 5 years, and the business landscape will change.
From 5G network, mixed reality (MR), artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), big data, all allow convergence and cross the sectors and industries transformation a reality. This is why we saw some players in specific industries are now mobilizing resources and empowered by their digital transformation initiative to cross the sector and industry borders. Because it is very clear the future definition of the sector and industry border will not be what you perceive now. Telecommunication players can offer one stop credit financing, mobile wallet, settle all billing requirements and use the big data collected and analyzed to predict what the likely next purchase items and upsell or cross sell it. Same goes with the smartphone producer to offer hardware financing, ISP services, mobile wallet and one stop purchase in the near future.
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.
