In July 2022, Sri Lanka’s default on its loan triggered an economic crisis that may not be fresh in the minds of many. However, the repercussions of this event are far-reaching and have significant implications. China, being the largest lender to governments worldwide, has taken advantage of its position by calling in foreign loans from
The trend of global retailers expanding their businesses to as many countries as possible has been prevalent since the 1990s. Supermarket chains and hypermarkets were at the forefront of this trend, attempting to capture as much market share as possible. However, in recent years, many of these retailers have started selling off their overseas operations
The rise of AI has been one of the most significant technological advancements of the 21st century. It has impacted the world in numerous ways, including the way we work, live, and interact with each other. One of the key benefits of AI is the way it can assist in improving productivity. While there may
Productivity has always been an important metric for businesses and individuals alike. The ability to produce more output with less input has been the driving force behind economic growth and progress throughout history. However, in the new era, productivity is being redefined by the emergence of new technologies such as artificial intelligence (AI) and robots.
In today’s dynamic market, the only constant is change. Every business must adapt to stay competitive, and this is especially true when it comes to digital transformation. Digitalization and automation are essential components of modern business, and enterprises that resist these changes risk becoming extinct. The history of business is littered with examples of companies
As the business world evolves, companies in all industries must adapt in order to stay competitive. The banking sector is no exception, as it faces new challenges such as the rise of internet and digital-first banking, fintech and insurtech, and the shift towards cashless societies through mobile payments. With increased competition from other sectors and
Technology is one of the major macro environmental forces that shape mankind’s way of living and do business. Since entering into the computing era, following the internet and current digital economy era, regardless of sector and industry, you are shaped by it. Either you adapt to the technology trends or you are expected to get
Maintaining sustainable growth continues to be a top priority for every top management. For companies that remain in the single product and in such inertia and no more in the innovation, in the very risky position to get extinct from the market. Better product is to keep inventing and rolling into the market. The market
The world is moving, regardless of global recession. It is always time for a lot of industries and sectors to consider the balancing act for digital and physical channels. If the physical channels and the touch do not bring much more value, it makes sense to deliver via the digital channels. For example, maybe what
Every business that exists for long enough, passed round after round of the market change and challenges will know regardless of the market change, and maintaining sustainable and inclusive growth is one the area that matters most. For all the big giant empires that build and then fall, be it Kodak, Nokia or Yahoo, all