Originally published on Linkedin on 1st January 2021, here
One thing 2020 has taught for certain is – there is little predictability to anything. Unintended consequences of external factors can turn every data and model on its head.
I am still making an attempt to visualise how 2021 will likely unfold. I believe it will be a year of extreme paradox.
- An Unprecedented number of companies will fold, while a record number of new companies will be registered too.
- An unprecedented number of micro-entrepreneurs will evolve. Over 100m people will start a side-car, side-hustle, secondary revenue stream.
- Innovation and digital transformation will be faster than ever before in almost all verticals and geographies.
- Highest unemployment on record. More so for two specific cohorts – fresh grads and people between 45-55 years of age.
- The hiring process will evolve to be faster and more efficient, while firing will become easier and faster too. At the same time – a lack of face2face interaction will likely lead to unfit hires and wrong fires.
- Creativity and originals will thrive more than ever.
- Commercial real estate and leasing will have transformative changes to the business model.
- The number of adults enrolling in paid learning, re-skill, upskill programs will be the highest on the record.
- Grassroots Philanthropy will boom.
What do you think?