Organizations

WHAT'S NEW?: Moves away from traditional, hierarchical, full-time structures towards a gig and shared economy continue apace. New models of virtual working and work anywhere, anytime for anybody are likely to grow dramatically in the coming years.

[New] If the US economy grows at the even-slower pace projected by the Congressional Budget Office (CBO), revenues would come in nearly $4 trillion lower from 2021-2030.
[New] Global sales of argan oil are soaring: Production, which is almost all from Morocco, is expected to reach 19,623 US tons or $1.79bn (£1.4bn) by 2022 up from 4,836 US tons in 2014.
[New] The global auto market will fall in 2020, with sales in Europe and Russia down around 3 percent.
[New] As many as 375 million workers globally might have to change occupations in the next decade to meet companies' needs and that automation could free employees to spend as much as 30 percent of their time on new work.
[New] Services such as the Loop are piggybacking on the growth of online food shopping in UK, where sales are expected to increase by 45% between now and 2024 to create a £16.7bn market.
[New] The US Congressional Budget Office projects that average income in 30 years will be $5,000 less per year if the national debt continues its trajectory.
[New] A pivot in the traditional strategy for private equity firms could accelerate consolidation in the U.S. onshore, with 2020 potentially the year that the build-to-operate model takes flight in the Permian Basin and beyond.
[New] To meet the future workforce needs of NHS Scotland, one in seven school leavers would need to join the NHS to offset the impact of staff expected to retire in coming years.
[New] Growth in China is expected to moderate to 5.9 percent in 2020 from 6.1 percent in 2019 amid a slowdown in labor productivity growth and continued external headwinds.
[New] By 2030, SEIA expects the U.S. solar industry to double its workforce, add $345 billion in private investment, and offset electricity sector emissions by 35 percent.
[New] Across the world, the Greater China and emerging Asia/Pacific regions will retain their No. 1 and No. 2 positions this year for the largest number of smartphone sales.
[New] The outdoor robotic parking service at Lyon Airport has entered a new deployment phase and will expand in summer 2020.
[New] The global public cloud software as a service (SaaS) market is forecast to reach 157 billion U.S. dollars in size in 2020, more than doubling the market size in 2014.
[New] China was expected to post IT spending growth of 12% in 2020, up from 4% in 2019, as the U.S. trade deal and a stabilizing economy helped to drive a rebound, especially in smartphone sales.
[New] The business process as a service is a massively growing market expected to exceed US$ 71 billion in the next few years, with cloud-based IT services overtaking traditional IT spending for the first time in 2020.
[New] The CBD consumer market is following the trend of the total legal cannabis market in the United States, which is projected to be a 23-billion-dollar business by 2025.
[New] In response to the tobacco and nicotine industries' systematic, aggressive and sustained tactics to attract a new generation of tobacco users, World No Tobacco Day 2020 will provide a counter-marketing campaign and empower young people to engage in the fight against Big Tobacco.
[New] The global cellulose fibre market is one of the fastest-growing markets altogether, with an annual growth rate of almost 10%: Sales will exceed 50 billion dollars in 2025.
[New] China's move to postpone the complete removal of NEV subsidies this year will support EV sales but also highlights just how sensitive the EV market still is to subsidies and incentives.
[New] Analysts do not expect Canopy Growth to hit 1 billion Canadian dollars in sales until fiscal 2022.
[New] If supremacy in silicon chips was not enough to mark Taiwan as a country of critical importance in U.S.-China competition, it is likely that the market will become even more complex in coming years.
[New] Supermajor Total SA's year/year liquefied natural gas (LNG) sales increased by nearly 60% in 2019, driven by the start-up of liquefaction projects across the world, but its expansive holdings in the United States are expected to generate even more growth in 2020.
A strong majority, 74 per cent, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021.

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Last updated: 17 February 2020