The 5 Biggest Business Trends in 2023 Everyone Must Get Ready for Now

Question 1

5 Biggest Businesses Trends in 2023

Answer 1

1. Acceleration of the Digital Transformation
2. Inflation & Supply Chain Security
3. Sustainability
4. Emergence of the metaverse
5. The talent challenge

Question 2

AI, Blockchain, 5G, Internet of Things are….

Answer 2

enhancing each other, companies need to redesign their processes with these technologies in mind

Question 3

Inflation will…

Answer 3

Continue to be high in 2023
Many economies will stagnate/shrink
Businesses need to prepare

Question 4

Supply Chain Security

Answer 4

Started with COVID, prolonged by Russia invading Ukraine, and labor shortages world wide

Question 5

What has the supply chain issues caused?

Answer 5

Price increases, product shortages

Question 6

Improve resilience

Answer 6

Reducing exposure to volatile market pricing, building protective measures into supply chains

Question 7

Sustainability needs to…

Answer 7

Be woven into every aspect of their business. We now live in a world of conscious consumers and conscious investors

Question 8

Consumers/investors will evaluate companies based on their

Answer 8

Environmental and social impact
Businesses need to reimagine their supply chains to be sustainable

Question 9

3rd evolution of the internet

Answer 9

Metaverse uses an augmented and virtual reality to give us a more 3D immersive experience

Question 10

Hugo Boss

Answer 10

Allows customers to mix and match clothing through VR

Question 11

War for Talent

Answer 11

Companies need talented people for a collaboration with intelligent machines (digital literacy, AI, data science, metaverse skills)

Question 12

Fourth Industrial Revolution

Answer 12

COVID caused many employees to resign, workers need to be re-skilled