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Global Economic Shifts and Reskilling Growth Opportunities, 2040

  • Report

  • 38 Pages
  • September 2023
  • Region: Global
  • Frost & Sullivan
  • ID: 5895041

Macroeconomic Forces, Technological Advancements, and Business Model Transformation Drive Life-long Learning and Skilling Initiatives

Talent reskilling has emerged as a pivotal response to the evolving demands of industries and the workforce, especially given the sizable impact of geopolitical shocks, disruptive technologies, and automation in the manufacturing and services sectors.

This report explores the technological, economic, and societal shifts set to shape the reskilling landscape in the next two decades. It also examines the influence of emerging global mega trends on reskilling, upskilling, and cross-skilling to provide valuable insights for enterprises to embark on skilling initiatives globally. The study delves into the role of governments, corporations, and educational institutions in fostering a conducive environment for reskilling initiatives.

Various economic, demographic, and industry trends to 2040 will likely impact the long-term prospects of business models, including platform-based, software as a service, and manufacturing to zero as a service. Through a comprehensive analysis of these factors, this report aims to equip policymakers, educators, and industry leaders with a roadmap to harness the growth opportunities global talent reskilling presents.

Main topic areas:

  • Global skilling trends and the need for reskilling
  • Impact of global mega trends on talent reskilling
  • Impacts of long-term economic, demographic, and industry trends on business models and skilling/reskilling requirements
  • Growth opportunities

Table of Contents

1. Strategic Imperatives
  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top 3 Strategic Imperatives on Global Talent Skilling
  • Growth Opportunities Fuel the Growth Pipeline Engine™
2. Global Economic Environment
  • Global Economic Environment - An Overview
  • Growth Drivers
  • Growth Restraints
3. Skills Trends and Demand
  • Types of Skills Upgrading and Economic Vulnerability Assessments
  • Skills as Core Currency: Imperative for Skills Investments by Government, Corporates, and Educational Institutions
  • Role of Key Stakeholders in Filling the Skills Gap
4. Impact of Global Mega Trends on Talent Reskilling
  • Digital Transformation and Sustainability will Boost Demand for AI and Green-centric Roles
  • Rising Flexibility Demands Will Require Rolling Policy and Reskilling Investment Support
  • Aging Population and Disruptive Technologies Warrant Targeted Skilling
5. Long-term Impacts of Economic, Demographic, and Industry Trends on Business Models and Skilling/Reskilling Requirements
  • Trends to 2040: Economic, Demographic, and Industry
  • Platform Models: Demand for Customized Skilling Initiatives
  • Software as a Service (SaaS): Need for Cross-functional Skill Sets
  • Manufacturing to Zero as a Service: Need for Blended Skill Sets of Technology, Industry Value Chains, and Sustainability
6. Growth Opportunity Universe
  • Growth Opportunity 1: Digital Upskilling
  • Growth Opportunity 2: Green Upskilling and Manufacturing to Zero
  • Growth Opportunity 3: Education and EdTech for Skilling
  • Growth Opportunity 4: Skilling and Emerging Old Age-centric Industries
  • Growth Opportunity 5: Skilling for Gig Economy Workers
7. List of Exhibits