Our team of experts helps businesses achieve end-to-end transformation and ongoing optimization. Supply chain innovations abounded in 2019, and it’s predicted that in 2020 more businesses will continue to find improvements. They were – by far – the largest generation ever in the history of the United States, and their effect was seen and felt everywhere: from music to culture to, yes, business. We’ll find you a solution. This means that every time you visit this website you will need to enable or disable cookies again. Indeed, tracking trends in business is something that has become a bit of a cottage industry for me, and mostly (although far from totally) I have been right. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 2020 opportunities By utilising technology, supporting wellbeing and encouraging flexible working, new generations are able to keep up with the evolution of the modern workplace. Are you ready for flextime and remote work and BYO devices and gig workers and all the rest? For instance, order fulfillment automation is an emerging trend that can fill orders faster with less overhead and resources — plus it limits the need for skilled staff members. All rights reserved worldwide. SHEA Global is on Twitter, Facebook, and LinkedIn. Your ideas about different coworking spaces are very helpful. While some jobs will be lost, and many others created, almost all will change. While AI and automation won’t replace the need for humans, in 2020 we expect to see more robust and strategic technology used to bolster the workforce of the future. Executives and recruiting professionals are worried about the health of their industries and the demand for skilled workers, according to the 2020 Future of Work Report. This revolution is about breaking free of geography. Technologies. As competition increases, improving the customer experience and the supply chain process will become increasingly important. Part 2 of the “2020 Strategies and Insights for Midsize Companies” series. The good news is that companies are making remote work easier, more productive, and more possible. “At the World Economic Forum, we call this the Fourth Industrial Revolution. For businesses, innovation offers many exciting opportunities; however, it can be difficult to know which advancements will be the most beneficial. What global business trends do you think we’ll see in 2020? , Future Of Work Premium Mental health conversations in the workplace. For instance, Material Handling & Logistics reported that researchers at the University of Washington have used machine learning to develop a system that assesses ergonomic risk for warehouse workers. And I mention this, not out of ego (well, maybe a little bit) but more because the trends that are coming down the pike will affect a business near you or, more likely, yours. As technology continues to get smarter and changing ways of working continue to impact workplace design, we explore which key trends are shaping the future of the office for 2020 and beyond… Coworking challenges the traditional office. Similarly, I have been writing my online small business column for USA TODAY for about 20 years and have had a podcast for almost a decade, so fortunes have put me at the forefront of a lot of business trends. For starters, millennials do business very differently. The Digitalist Magazine is your online destination for everything you need to know to lead your enterprise’s digital transformation. What is it about coworking? For ages, cities offered tax breaks and other incentives to try to get employers to relocate to their area. In 2020, the use of AI in supply chain and manufacturing processes will only continue to grow. As opposed to boomerpreneurs, millennials adopt new technologies easily and quickly. The future of work: Top collaboration trends for 2020 As we move into a new decade, we continue to battle the workplace practices of the 20th century. I also had a big commute. Perhaps more importantly, they also expect tech to be the number one driver of change in the next 18 months. Steve Strauss . The future of work is already here, and the way we work and interact with companies is changing ever ...[+] faster as we move into 2020. For years, generations actually, baby boomers ruled the land. This year, 2019, saw a changing of the demographic guard – there are now 73 million millennials vs. 72 million baby boomers. Driven by accelerating connectivity, new talent models, and cognitive tools, work is changing. We can help navigate trends in 2020 and beyond. 2019 was the year that burnout–a syndrome resulting … The 9-to-5 work schedule has for long been second nature … Future of work: Trends from 2020 that are here to stay. Share with us on social media. We are officially in a new decade. In 2020, we can expect to see even more innovations that will shape the future of work and beyond. Driving Employee Experience. Just look at what the mayor of San Jose, California, wrote in his op-ed for the Wall Street Journal, “Why I’m Not Bidding for Amazon’s HQ.” Mayor Liccardo explained: “Luring new corporate offices like those of Amazon to cities would only perpetuate an unsustainable cycle. So, as it turns out, I was a bit of a forerunner in that regard. Below are 13* dynamics to pay attention to in the next 12 months. And get this: According to one survey I just saw, the majority of the U.S. workforce will freelance to some degree by 2027. See IDC’s list of top trends for small and midsize businesses in the 2020s. Innate liking for flexible work schedules. Instead, what we are increasingly seeing is that cities like Portland, Austin, and the like are highlighting their towns as a great lifestyle choice for today’s top talent, emphasizing things like affordability, nightlife, and sustainability. If you disable this cookie, we will not be able to save your preferences. ), I started out back in the day working for a big firm in the big city. The upshot of all of this is that what people are increasingly looking for in this technologically driven society is something more. SME Two trends can help bridge this gap in 2020: One way that businesses might bridge the skills gap in 2020 is through recruiting candidates for potential vs. hard skills, and then retraining. Artificial intelligence has allowed companies to make more data … Work a four-day work-week, although if Jack Ma has got his way, it will be 996 (that’s 9am to 9pm, 6 days a week). Do so and you’ll have perfect vision about where to place your bets. 1 Comment Mycoworking Space on May 22, 2020 9:45 am. The future of work is being shaped by two powerful forces: The growing adoption of artificial intelligence in the workplace, and the expansion of the workforce to include both on- and off-balance-sheet talent. More information about our Privacy Statement, 2020 Strategies and Insights for Midsize Companies, rather than the ones that are nearest to where they work, The Roaring 2020s – Six Trends Midsize Companies in the Next Decade, Winning in the 2020s: Six Trends Every Midsize Company Needs to Know, 2020 Strategies And Insights For Midsize Companies Series. So yes, of course, the 9 to 5 era is fading away, and the one of flexible work is just getting started. Similarly, millennial employees expect to not only be able to work virtually and flexibly, but also, they expect that they will be given the tools and freedom by their employer to do so. If you’re wondering what’s ahead for the future of work, read on. “In 2020, organisations across the world experienced a sudden surge in remote workers. We live experientially. While uncertainty may be coming in 2020, digital solutions are what will help guide businesses through the doubt with big data, predictive analytics, and more efficient workflows. The talent war of the future will no longer be between companies, it will be between cities. Download Mercer’s 2020 Global Talent Trends Study today. The future of work GetSmarter’s ‘The Future of Work Is Here’ report revealed that a majority of respondents point to technology as one of the main drivers of change within their organizations over the past 18 months. Many organizations have reaped the rewards of transforming the manufacturing planning process from traditional to demand-driven. , Experience Management , 2020 Predictions, How To Lead A Midsize Business Through Times Of Risk And Unpredictability, Midsize Retailers Expand Their Communities In Response To Crisis, Four Reasons Why Professional Services Can Emerge Stronger From Extensive Disruption. , Remote Work For businesses, innovation offers many exciting opportunities; however, it can be difficult to know which advancements will be the most beneficial. According to McKinsey’s The State of Fashion 2020, “Brands that can align with the dominant trends and continue to innovate are most likely to ride the challenges and emerge ahead of the pack.”. In 2020, professional services firms will struggle with how AI can … Here are the global business trends we predict will be game changers this year: LinkedIn recently released its Jobs of Tomorrow report for 2020, predicting emerging jobs for the next year. The third turned us into knowledge workers bound in offices. So after about a year, I proposed that I be allowed to, as we called it back then, “tele-commute.”. For instance, one software company recruits medical technology professionals and trains them for information technology roles. ), I started out back in the day working for a big firm in the big city. Much of this has to do with the fact that younger workers are increasingly choosing lifestyle over work. But will these changes persist into the future? According to IDC Manufacturing Insights, by the end of 2021, half of all manufacturing supply chains will have invested in supply chain resiliency and AI resulting in productivity improvements of 15%. 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