Tag: consumer

Advanced Economies’ Missing Link

Advanced Economies’ Missing Link

As 2020 gets underway, employment in both Europe and the United States is at a record high and still rising.

The job losses from the 2008 financial crisis and subsequent recession have been all but reversed. But you wouldn’t know it from the public mood in many developed countries. With so much good economic news, why is public sentiment so gloomy?

New research by the McKinsey Global Institute takes a deeper look at the advanced economies to determine how individuals’ experiences as workers, consumers, and savers have changed over the past 20 years.There is much to cheer about, including new opportunities […]

India’s IT industry created more jobs in 2019 than a year ago

India’s IT industry created more jobs in 2019 than a year ago

Do not buy the headlines. At a time when India is struggling with an unprecedented job crisis, at least one industry has not gone slow on hiring.

The nearly $200 billion Indian IT services industry created over 200,000 new jobs in 2019, up from 180,000 a year ago, industry body Nasscom said yesterday (Feb. 12). The sector now has a total workforce of 4.36 million.

Over seven in 10 CEOs believe 2020 will be another year of strong hiring, Nasscom’s survey of over 100 IT leaders found. “This is reflected in offers the industry is already making on campuses,” said Sangeeta […]

Advanced Economies’ Missing Link

Advanced Economies’ Missing Link

After a decade of recovery from the 2008 financial crisis, aggregate economic indicators across the OECD are looking bright, with GDP continuing to grow and employment reaching record levels. So why is public sentiment in the advanced economies so gloomy?

AMSTERDAM – As 2020 gets underway, employment in both Europe and the United States is at a record high and still rising. The job losses from the 2008 financial crisis and subsequent recession have been all but reversed. But you wouldn’t know it from the public mood in many developed countries. With so much good economic news, why is public […]

Other Voices: What’s next for the warehouse worker?

Other Voices: What’s next for the warehouse worker?

Other Voices: What’s next for the warehouse worker? Other Voices: Perspectives on shipshape distribution with a WMS Other Voices: Top strategies for boosting warehouse productivity Other Voices: Seven surefire ways to fuel warehouse productivity Smooth out the inbound with TMS More PathGuide Technologies News Maximizing Warehouse Space Utilization with Vertical Storage Before you tear down walls to expand or sign a lease for an additional facility, be sure you’re maximizing the space you currently have.
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Editor’s note: The following column by Eric Allais, president and CEO, PathGuide Technologies , is part of Modern’s Other Voices column, […]

A future that’s tense

By Patrick Simon et al

The next decade or two will likely bring about the biggest disruption to work and employment since the Industrial Revolution in the 19th century. In that era, machines replaced more than half of workers in some sectors during a span of only about 30 years.

This time around, the disruption could lead to even more dramatic consequences.… Executives say they’re unable to fill open positions that require skills in data science, digital technologies and advanced analytics. For the consumer packaged-goods (CPG) industry, the skill crunch is just around the corner, driven in part by the […]

Organised business and trade unions should consider joint ventures in IoT to kick-start ailing industries

Organised business and trade unions should consider joint ventures in IoT to kick-start ailing industries

C onnecting everyday physical objects to the internet and ensuring these can “talk” in the cloud may sound like something best left to science fiction writers. However, when you strip away the noise around machine-learning, robotics, the Internet of Things (IoT) and the coming Fourth Industrial Revolution, it becomes clear that an array of exciting opportunities for businesses and industries are on our doorstep in 2020.

The secret to success will be ensuring this data is harnessed so that a valuable action can be performed to benefit consumers, businesses and communities. The potential of this cutting-edge technology to lift under-performing […]

Will ‘Globalization 4.0’ create a new media revolution which is more humanitarian in its approach?

Will ‘Globalization 4.0’ create a new media revolution which is more humanitarian in its approach?

Levitt had forecasted that the globalization will be a new commercial reality. I remember more than twenty years ago when I was preparing for my master’s study on globalisation and intercontinental cultural values, I was resisting the concept of globalisation because of what it might do for poor people, especially in third world countries.

Even when we check Theodore Levitt contributions — the first one who introduced the ‘Globalization’ concept in the 1980s — the American economist and a professor at the Harvard Business referred to Globalization at that time as a powerful force that drives the world towards a […]

Ari Brouillette: The treasury secretary and the Swedish girl

Ari Brouillette: The treasury secretary and the Swedish girl

Treasury Secretary Steven Mnuchin was recently asked about climate activist Greta Thunberg’s call for divestiture from fossil fuel stocks.

His answer was unsurprisingly blunt, “After she goes and studies economics in college, she can come back and explain that to us.”

What, after all, could a teenage girl be expected to know about the complex world of finance and energy? Mnuchin is of course a Yale graduate, former Goldman Sachs executive, and hedge fund CEO, tasked with guiding the world’s largest economy safely through these increasingly turbulent economic times. Surely economics, the so called dismal science, could identify which of these […]

How Oregon Works: AI will remake work as technology progresses

How Oregon Works: AI will remake work as technology progresses

Whose job is safe from advancing technology?

Opinions on the future of artificial intelligence in the workplace are cautiously optimistic — unless you’re in food service, transportation or manufacturing.

Even with that tidbit of grim news, industry observers are uniformly upbeat about further advances in workplace technology leading to new jobs.And even if you are a member of a professional field vulnerable to job losses, there’s probably still time for retraining. Change — especially if it has a huge price tag — doesn’t happen over night.“Things are advancing in harder ways to predict than in the past,” said ECONorthwest president John […]

Automation & unemployment: could robots people on the street?

Automation & unemployment: could robots people on the street?

Moscow, January 31 – “News.Economy.” A lot of discussion going on about the feasibility of introducing robots in people’s lives. Some believe robots are a positive asset to humanity, while others see them as a mortal threat – rapid and irreversible.

now more and more robots are working in real factories and warehouses where they day-to-day perform the same tasks as the people around them. Robots appreciate that they increase productivity by helping small companies compete with larger ones, and even for the fact that they give people the opportunity to go from boring and repetitive tasks to more interesting […]