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Business

Spotting macro and micro trends for the new year

BUSINESS MATTERS BEYOND THE BOTTOM LINE - Francis J. Kong - The Philippine Star

After a dash of research and some sleuthing through the works of futurists and business experts, I’ve pieced together a snapshot of the trends to shape the year ahead. As we dive into this brave new world, separating the earth-shaking megatrends from the quirky, fleeting microtrends that keep life interesting is essential.

What’s a megatrend?

Think of megatrends as the heavyweights of change – global forces that span decades and reshape industries, societies, and the environment. From climate change and globalization to demographic shifts and technological disruption, these trends demand attention. They’re like toddlers with tambourines – impossible to ignore and here to stay.

And microtrends?

Conversely, microtrends are more diminutive, localized phenomena influencing specific groups or industries for shorter periods. They’re the artisanal coffee of the trend world: hyper-focused, trendy, and often fleeting. These little waves of change add flair and individuality to the broader landscape, from neighborhood startups to work-from-home quirks.

Megatrends:

The rise of Asia and Africa

Asia and Africa are driving global population and economic growth, set to dominate the workforce and consumer markets. However, rapid urbanization strains infrastructure, widens inequality, and risks social instability, pandemics, and resource shortages.

Climate change

The climate crisis is reshaping economies, ecosystems, and societies through extreme weather, rising seas, and resource conflicts, displacing millions and fueling geopolitical tensions. Investing in renewables, carbon capture, and sustainability offers growth opportunities, with adaptable businesses poised to thrive.

Demographic shifts

Population dynamics are transforming the workforce and healthcare systems globally. Aging populations in developed nations are creating labor shortages, while younger, diverse workforces in emerging markets are rising. Businesses must address workforce gaps, caregiving demands, and diversity in leadership to ensure economic stability.

Technological disruption

AI, automation and biotechnology advances are transforming industries and streamlining processes while disrupting traditional jobs. Lifelong learning and reskilling are now essential for individuals and businesses to stay competitive in this rapidly evolving landscape.

Geopolitical upheaval

Global competition for resources and technological dominance is creating a more volatile world. Political polarization, trade disruptions and the race for AI and clean energy supremacy are heating up. Businesses must build resilience while nations prioritize cooperation to mitigate conflicts and manage resource distribution.

Microtrends:

While megatrends shape the world, microtrends influence how we work and interact daily. Here are some workplace-specific microtrends for 2025:

Hushed hybrid

Teams quietly balance remote work with office expectations, even when companies enforce return-to-office mandates. Hybrid is still the name of the game.

Coffee badging

Employees drop by the office just long enough to badge in and grab coffee before continuing their work elsewhere.

New-collar workers

Skills-based hiring is replacing degree requirements, especially in tech fields, opening up opportunities for self-taught professionals.

AI integration

Automation frees employees from routine tasks, allowing them to focus on creative, strategic, and high-value contributions.

Flexible schedules

Non-traditional workweeks and staggered hours are becoming the norm, accommodating diverse lifestyles and boosting productivity.

Side gigs now mainstream

There was a time when employees were prohibited from pursuing side gigs or running businesses alongside their full-time jobs. That’s no longer the case. Today, as long as these side hustles don’t conflict with the company’s interests, they are widely accepted – especially among the younger generation in the workforce, where they have become a mainstream practice.

Rethink regulation

As technology evolves, governments and industries must collaborate to craft policies that encourage innovation while protecting public interests.

Prioritize connection

In a digital-first world, meaningful human interaction becomes a premium. Hybrid workplaces should emphasize collaboration and emotional well-being.

Embrace lifelong learning

With constant disruption, continuous upskilling and reskilling are critical for individuals and businesses to stay competitive.

Focus on sustainability

Green technologies and circular economies aren’t just ethical choices but profitable growth areas for forward-thinking companies.

Final thoughts

One thing is clear: the future is being written today. But then again, these are just predictions and forecasting.

Somebody says: “Forecasting is the art of saying what will happen and then explaining why it didn’t.” While John Kenneth Galbraith said: “The only function of economic forecasting is to make astrology look respectable.”

As someone who spends a lot of time training and speaking in company offices and hotels, I’ve seen these trends play out firsthand:

No more rrojectors: LED walls have become the new standard, making projectors obsolete.

The bidet revolution: By 2025, bidets will be a must-have for hotels and restaurants.

I didn’t pull these insights from trade journals – they’re my observations. Ignore them at your own risk!

 

(Francis Kong’s “Inspiring Excellence” podcast is now available on Spotify, Apple, Google, or other podcast streaming platforms).

BUSINESS

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