What trends do you see in the Economic, Political, and Cultural environment of society that will affect the industry in the future?
Answer) The trends that will affect the industry in the future are as follows:
Increasing Demand for customized solutions: The need for solutions such as global risk management, supply chain management solutions and the organizations that provide these services are growing rapidly.
Emerging Markets: Future economic growth is expected to come from the emerging markets mainly India, China and Brazil, where economic conditions remain relatively stable compared to the developed countries.
Economic Slowdown: Economist forecast for 2010/2011 shows that the US GDP growth rate will be only 0.8% and euro zone will have GDP estimates of -0.3%. This could have an impact on purchasing decisions of the company's customers. Thus, the slowdown in the economies could have a negative impact on the company's business.