ARTICLE · 18 NOVEMBER 2024

Beyond 2024: Trends To Watch

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People are the foundation of any successful business model, and the importance of labour cannot be overstated. Therefore, it is crucial for businesses to stay ahead of the curve by anticipating...

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People are the foundation of any successful business model, and the importance of labour cannot be overstated. Therefore, it is crucial for businesses to stay ahead of the curve by anticipating shifts and changes that can have a direct impact on their employees.

Demographic transitions are particularly significant in this context. In the last several decades, the world population has undergone farreaching evolution. While trends vary across regions, these changes have touched almost all countries. The world population reached 8 billion in November 2022. It is projected to grow to around 8.5 billion by 2030, 9.7 billion by 2050, and could peak at around 10.4 billion in the 2080s. SubSaharan Africa is expected to contribute more than half of the anticipated global population increase by 2050, with the least developed economies growing the fastest.

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