Topic: “The Future of Competition in Our Global Economy”
Thursday, November 21st, 2024 at 10:00 am to 11:30 am Pacific time.
Please join us and our colleagues at 10:00am (Pacific Time) on Thursday, 21 November 2024 for our Virtual Water Cooler.
As the election results in the United States rolled out on November 5th (and beyond), people and organizations around the world considered the potential effects on both the United States and the world. How significant an impact will this election have on the global economy? This month, let’s talk about ‘The Future of Competition in Our Global Economy” and about how it may change given the geo-political realities of 2025 and beyond.
In a new McKinsey Report, The Next Big Arenas of Competition (October 23, 2024), the authors explore what they say is “a remarkably small number of industries [that] have significantly transformed the global business landscape” over the last 20 years. The authors identify and explore lessons learned from the 12 competitive arenas of today (software, consumer electronics, semiconductors, information-enabled business services, industrial electronics, videos and audio entertainment, biopharma, consumer internet, e-commerce, payments, cloud services, and electric services).
Further, they go on to define and describe the eighteen arenas they consider most important in the coming years which could reshape the global economy and generate $29 trillion to $49 trillion in revenues by 2040 (e-commerce, AI software and services, cloud devices, electric vehicles, digital advertising, semiconductors, shared autonomous vehicles, space, cybersecurity, batteries, modular construction, streaming video, video games, robotics, industrial and consumer technology, future air mobility, drugs for obesity and related conditions, and nuclear fission power plants). You can find the report here: McKinsey Report October 2024.
Let’s add our own perspectives to theirs.
In view of these imminent changes:
- What is your sense of our global competitive future?
- Which industries do you believe will define and/or redefine competition as we know it?
- What will be the implications both globally and locally?
- What trends are most likely to fuel greater change in the world as we know it?
- What changes do we want?
- How can we lead and support the kinds of changes we believe are crucial to our future?
Please join us at the Virtual Water Cooler on 21 November 2024 at 10:00am (pacific time) for this deliberation facilitated by Pam Posey and Pete Sorenson. Register here and we’ll send you a Zoom link so you can join in our conversation. We are looking forward to seeing you at the Virtual Water Cooler!
Best wishes,
Pam Posey and Pete Sorenson (on behalf of the STS Roundtable)
