Global Trends In Automotive & Financial Services 2024

Based on responses from 23,730 consumers surveyed across 23 countries, our Consumer Trends Report shines a light on the way customers think – and the factors that will make the most meaningful change to your bottom line. And this is raising expectations across the board – including for “need-to-have” industries, which are no longer as immune to the consequences of a bad experience. These ‘necessity’ industries still face fierce competition within their own sectors and will need to up their game to compete; our 2025 consumer behavior findings show that subpar experiences could cost them as much as 7% of their sales. Access even more data-driven insights on payments and commerce, specifically designed to help financial institutions, merchants, acquirers, processors, fintechs and organizations across the industry. In our survey, half of organizations expected more than 40% of employees to work remotely in 2025, even after the pandemic is over.

Understand What Drives Consumers

Blockchain is secure and transparent, so this will be instrumental as it will enhance how business functions. It will also ensure that they comply with financial reports, in case it is needed. Continuous learning and skill development is a business trend that will be centered on promoting a culture of ongoing learning and professional growth within organizations. Leaders are beginning to recognize that in a rapidly evolving business sector, the ability of employees to gain new skills and knowledge is crucial for their personal success and that of the organization they work for. Global collaboration is when you form an alliance and communicate across geographical boundaries and international borders. Some of the other factors will be the rise of remote work and the recognition that global collaboration will promote innovation and diversity.

Faster Pace Of Innovation

In November, U.S. real wage growth – that’s wage growth adjusted for inflation – fell by two percentage https://www.webwiki.com/hutadigital.com points. Globally, real wages fell nearly 1 percent in the first half of 2022, the first drop in this century, according to the International Labour Organization. Recession or not, this enduring shift threatens to constrain economic and wage growth over the long run. As we welcome 2023, the global economy is in a precarious place, with the growth outlook likely to slow for a second straight year in 2023. In addition to global growth, there are other trends that could be as important, if not more important, to the economy this year and in years ahead. As you plan for the new year, keep in mind these five global growth trends that are reshaping the world of work.

Alongside the usual business cycle risks, there is the unknown of how the new administration’s policy priorities and sequencing will unfold. We don’t know how aggressively President-elect Trump will implement his campaign promises of sweeping tariffs, lower immigration, and forced deportations. An early focus on tax cuts and deregulation would likely be well-received by equity investors. However, if the first major policy moves target tariffs and immigration, investor sentiment could sour.

• Meanwhile, schools have been shut down around the world, with as many as 1.5 billion students unable to attend physical lessons.
• With these, you will become more innovative, gaining a competitive advantage in the marketplace.
• Certain services may not be available to attest clients under the rules and regulations of public accounting.
• Global Trends 2030 is intended to stimulate thinking about the rapid and vast geopolitical changes characterizing the world today and possible global trajectories over the next 15 years.

Financial Services

While revenue projections remain positive, concerns about inflation, global trade and interest rates persist. Labor and environmental abuses, traced to corporations taking advantage of weak protectionist laws in some countries, are uniting people who would otherwise not find political common ground. The fear of domestic job losses and concerns about manufacturing safety records in developing countries are becoming popular planks in many political campaigns. In the enterprise space, this perpetual sprint forward means that western companies can no longer automatically consider themselves at the forefront of technological innovation.

Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. Our U.S. Public Policy and Global Commodities strategists discuss how the outcome of the election could affect energy markets in the U.S and around the world. Our CIO and Chief U.S. Equity Strategist recaps how equity markets have fared in 2024, and why they might look more conservative early in the new year. Pascal Soriot, the CEO of AstraZeneca, talks about how AI is changing drug development, the significance of ‘smart chemo’ and why real innovation requires taking risks. Companies in such industries as hospitality, consumer staples, internet, media and entertainment could see a boost from consumers’ pursuit of ease and instant gratification.