Question: 1 5 . Please answer the question: The individual needs to read the summary of the LinkedIn article that was written back in January about
Please answer the question: The individual needs to read the summary of the LinkedIn article that was written back in January about globalization.
Article Summary: Ivan Ostojic predicts ten global business challenges in through an article that he wrote in January highlighting the challenges faced by businesses in and the potential uncertainty of Ostojic predicts macro trends impacting geopolitics, economy, and technology. The first prediction is that the global trend towards deglobalization, influenced by financial crises, trade conflicts, and the pandemic, is expected to persist. Nations and businesses will prioritize regional partnerships and local supply chains for stability and growth. China's export restrictions on rare earth metal technologies and Western sanctions are reinforcing this trend. The second prediction China's global export dominance is declining due to US reliance on Chinese manufacturing and India's industrialfocused regime. Sanctions on Russia exacerbate this shift, creating politically aligned supply chain clusters. Europe must adapt, while smaller nations find new opportunities within these evolving trade blocs. Third prediction hightech competition intensifies as supply chains localize. China's microchip production surged in supporting its tech sector, and Huawei became a top cloud computing service provider. China's electric vehicle advancements set new standards, surpassing Japan as the largest car exporter. The US leads in AI and computing services, while Europe lags, only maintaining pace in pharmaceuticals and green technology development. This indicates a significant competitive divide in the hightech landscape. Fourth prediction global economic uncertainty in is expected, with nontech sectors vulnerable to profit declines and funding challenges. China faces a crisis, job losses, and deflation risks. The volatility is expected until US elections, requiring companies to focus on profitable growth and productivityboosting technologies. Fifth prediction
in global reference interest rates are expected to fall, boosting economic growth in developing nations and the US and Europe. However, funding accessibility may not improve due to creditors' focus on solvency and profitability. Lower interest rates may inflate stock and luxury real estate prices. Sixth prediction is that a gradual recovery of IPOs and M&A deals, creating a favorable environment for companies expanding through consolidation and obtaining funds through stock market listings. Seventh prediction social inequality is expected to deepen due to rising food and energy prices, particularly in equatorial countries. Climate change exacerbates this disparity, heightening social tensions and potentially fueling extreme rightwing movements, despite the wealthy potentially benefiting from falling interest rates. Eight prediction green technologies mobilization due to rising global temperatures and El Nio strengthening, causing extreme events like floods, heat waves, and cold spells in some countries, affecting humans, flora, and fauna. Countries must enhance climate crisis management efficiency, develop defensive mechanisms, and accelerate green technology mobilization. Significant resource mobilization in public and private sectors is needed for improved green technologies, potentially leading to a new technological wave. Nineth prediction generative AI is predicted to significantly increase worker productivity in marketing, content writing, automated customer processing, and customer service. AI agents will perform numerous tasks autonomously, helping people access information and knowledge quickly. This will also lead to faster responses to customer questions and improved internal knowledge exchange and extraction in companies. Tenth and final prediction in the customer experience will undergo a transformation, shifting from traditional emails and phone calls to chat and messaging platforms like Viber, WhatsApp, and iMessage. This shift will enhance marketing productivity and influence sales. Companies must integrate AI with these tools for direct customer engagement, catering to younger demographic preferences. Challenges include deglobalization, geostrategic divisions, and climate change.
APlease skim the Ten Global Business Challenges in and say which prediction does the individual thinks turned out to be the most accurate and why.
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