Marketing & Media trends
- Joff van Reenen
- Marcél du Toit
Construction & Engineering trends
CSI & Sustainability trends
- Christelle Marais
- Innocent Masayira
- Nazeema Mohamed, Feryal Domingo and Soraya Joonas
- Keri-Leigh Paschal
- Siphelele Kubheka and Desikan Naidoo
Energy & Mining trends
- Dominique Collett
- Andrew Duvenage,
- Maarten Ackerman
- Kuhle Mnisi
- Marius Botha
- Nema Ramkhelawan-Bhana
- Mike Middleton
- Henry van Deventer
HR & Management trends
- Samantha Naidoo
- Jonathan Veeran, Nozipho Mngomezulu and Burton Phillips
Logistics & Transport trends
Marketing & Media trends
- Andrew Smit and Johan Walters
- Alex Glenday
- Jonathan Smit
- Nthabiseng Motsoeneng
- Vilo Trska
- Leading fashion and lifestyle retailer TFG shared its strategy to revolutionise the omnichannel experience and transform into Africa's leading high-tech omnichannel retailer. "We are laying the foundations to become the largest, most reliable and most profitable e-commerce destination on the continent; via a simplified, customer-centric approach, aimed at maximising group scale, minimising duplication and cost, and leveraging our incredible assets," shared newly appointed co-chief omni officer Claude Hanan. The announcement came as part of the retailer's 2021 financial year-end presentation. TFG (The Foschini Group)
- Last night, 8 June, The Hospitality Counsel hosted their 3rd annual Luxe Restaurant Awards, celebrating the finest contributions to the South African restaurant industry, at AURUM restaurant within The Leonardo, Africa's tallest skyscraper.
- Ster-Kinekor Theatres (SKT) and the South African State Theatre have announced the lineup of theatre productions that will be screened at cinemas across the country from 18 June 2021.
- The Business Finance Bootcamp
- Tractor Outdoor expands its Cape Town network with more RSD sites
- #Newsmaker: Dashni Vilakazi, newly appointed MD of The MediaShop Johannesburg
- Century-old CNA enters business rescue
- #YouthMatters: Hamilton Zwane, copywriter at Grey Africa
- South Africa wins seven Pencils at The One Show 2021
- #PRISMAwards2021: Campaign of the Year - #MyKreepyTeacher
2021: Positive shifts as the world transitions to the next paradigm
According to Yael Geffen, CEO of Lew Geffen Sotheby's International Realty, executives who take note of new emerging trends as the world transitions to the next paradigm will be able to reset their companies and take them to the next level far more seamlessly.
“In a December survey of global executives focused on the here and now, research at the McKinsey Global Institute (MGI) found that even in the short-term, optimism is growing with the highest levels of optimism now being detected since the onset of the Covid-19 pandemic.
“Although there are still many concerns, especially about unemployment, the respondents are now looking ahead and their expectations for their home economies are increasingly positive with 61% believing global economic conditions will be better by mid-2021, which is up from 51% in mid-October.”
Geffen adds that this is clearly evidenced by the key emerging trends which were recently analysed by authors Kevin Sneader and Shubham Singhal who found that the most notable of these are not trends that are traditionally associated with recessions. These include:
Startling growth in the number of new businesses – Disruption creates space for entrepreneurs and this crisis has sparked a wave of innovation, especially in the digital sector. Unlike the 2008–09 financial crisis when so many small businesses failed, this time there is a veritable flood of new small businesses, particularly in the major markets which will in time trickle through to emerging economies.
According to McKinsey, the volume of ‘high-propensity-business applications’ - those that are likeliest to turn into businesses with payrolls - has also risen strongly to more than 50% compared with 2019.
A sharp rise in productivity - It’s being said that the digitally enabled productivity gains we have seen during the past year can be regarded as having accelerated the beginning of the fourth industrial revolution.
In fact, many of McKinsey’s respondents reported that they moved 20 to 25 times faster than they thought possible on things like building supply chain redundancies, improving data security, and increasing the use of advanced technologies in operations.
Revenge shopping – Regarded as shopping extravagantly after a period where one has been denied the opportunity, many consumers have begun to open their wallets again for goods and services they’ve had to do without recently.
Although this is common in the retail sector after a downturn, the difference this time is that services have been particularly hard hit and the bounce back will therefore likely emphasise those businesses.
Permanent changes in consumer behaviour - In nine of 13 major countries surveyed by McKinsey, at least two-thirds of consumers say they tried new kinds of shopping during 2020 and, of those, at least 13% intend to continue to do so.
In other words, brands that haven’t yet worked out how to reach consumers in new ways risk being left behind.
The future workplace has already arrived – Before the pandemic, the concept of remote working was still rather remote, with flexi-time to beat traffic congestion being the closest step taken, but Covid-19 changed that instantly.
Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty
However, there are two significant challenges related to the transition of office to home working: One is to decide the role of the office itself, which is the traditional centre for creating culture and a sense of belonging. The other has to do with adapting the workforce to the requirements of automation, digitisation, and other technologies.
Geffen concludes: “What is very clear is that the imminent reset will not mean going back to the conditions that prevailed in 2019 and the post-2021 world will be considerably different than it was before the pandemic.
“In the same way as the terms 'pre-war' and 'post-war' are commonly used to describe the 20th century, generations to come will talk about the pre-Covid-19 and post-Covid-19 eras of the 21st century and those who do not make the transition will most certainly be left behind.”
Read more: consumer behaviour, emerging trends, Lew Geffen Sotheby’s International Realty, future workplace, Yael Geffen
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