“Are Upcoming Disruptions Boon?”

My relationship started with the term Disruption began when my financial adviser and stockbroker gave me a tip,

“Only invest in companies who are creating Disruption in today’s volatile market condition or will be creating disruption in the future.”

The word struck me more when I found the meaning on Google. It is defined as “radical change to an existing industry or market due to technological innovation.” But believe me, it is not just limited to technological innovations; it has far more significant forces with the inclusion of the technological innovations.

Let us try to look at some of them while the world economy’s operating system is rewritten.

1. The New Era Or Urbanisation: The global urban population has been soaring by an average of 65 million people annually during the past three decades, equivalent to adding seven Chicagos a year. Nearly half of global GDP growth within 2010 and 2025 might come from 440 cities in emerging markets — 95 percent of them small- and medium-sized towns and cities that several Western executives may not even have heard of and couldn’t point to on a map. 1 Yes, Mumbai, Dubai, and Shanghai are familiar. But what about Hsinchu, in northern Taiwan? Brazil’s Santa Catarina state, halfway between São Paulo and the Uruguayan border? Or Tianjin, a city that lies around 120 kilometers southeast of Beijing? By 2010, it is estimated that the GDP of Tianjin was around $130 billion, making it around the same size as Stockholm, the capital of Sweden. By 2025, it is estimated that the GDP of Tianjin will be around $625 billion — approximately that of all of Sweden.
2. Tsunami Of Technological Innovations: It took longer than 50 years after the first telephone was invented until half of the American homes had one. It took radio longer than 38 years to attract 50 million listeners. But Facebook drew 6 million users in its first year, and that number may be multiplied 100 times over the next five years. China’s mobile text- and voice messaging service WeChat has 300 million users, more than the entire adult population of the United States. As quickly as innovation has multiplied and spread in recent years, it is poised to change and grow at an exponential speed beyond the power of human imagination to anticipate or forecast. The intense technological adoption rate and innovation reduce companies’ life cycle and force executives to make decisions and commit resources much more quickly.
3. Concerns of The Aging World: For the first time in human history, aging could indicate that the planet’s population will plateau in most of the World. The European Commission anticipates that by the year 2060, Germany’s population will shorten by one-fifth. The number of people of working age will decline from 54 million in 2010 to 36 million in 2060. A smaller workforce will set a higher onus on productivity for directing growth. Caring for large numbers of aging and retired people will establish a critical burden on government finances.
4. Global Connections: Trade and investment have long been part of the globalization story, but, in recent decades, instead of a series of routes joining major trading hubs in Europe and North America, the global trading regularity has extended to Asia, growing the World’s most significant trading region. The volume of trade between China and Africa rose from $9 billion in 2000 to $211 billion in 2012. But the links forged by technology are promoting unexpected volatility.

The above four disruptions picked pace and began to have a tangible influence on the global economy around the curve of the 21st century. Today, they disrupt long-established models in practically every market and every sector of the global economy and, indeed, in all aspects of our experiences.

All four are happening simultaneously could imply that our life is evolving entirely. How many of the businesses we have developed or developing on traditional practices cannot succeed in the dynamic and ever-changing world.

Sometimes I worry because millions of companies and businesses worldwide do not want to change a bit or want to understand even the most negligible difference between remote working versus working from home.

Only time will tell whether these disruptions, along with Covid, will be a boon or curse.