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The global economy is recovering slowly. 2018 could see a leap in global business activity as key countries like China and America suck in more trade and export more. Some Eurozone countries are growing very fast in comparison to recent years and the Eurozone as a whole is growing once again.
Find out how risks in the biggest countries or trade areas in the world creates threats and opportunities for your business wherever you are in the world and wherever you want to export to.
It would help if the G20 countries could create business opportunities more than they create threats for the benefit of the whole world including emerging economies. However you may also need to take actions to mitigate the impact of these countries on your business.
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UK economic growth 2018 started more slowly than end of 2017. The UK economy news is normally weaker at the beginning of the calendar year. Most of the UKs economic growth comes as the calendar year progresses.
Governor of the Bank of England Mr Carney
Mr Mark Carney the head of the Bank of England says poor UK economic activity at the beginning of the calendar year 2018 was due to the weather and not UK economic climate.
In addition Mr Carney reports that all slack in the UK economy has been taken up and this is likely to push up UK prices and UK inflation.
With very high levels of employment low levels of unemployment and a million plus job vacancies unfilled it is more likely that wages will increase faster. UK employers will need to pay more to attract candidates and to keep existing staff.
Mr Carney paints a rosier future for the UK economy in 2018 with downside risks including global international trade war. UK interest rates more likely to rise later this year and this should boost value of the UK pound.
Not just shops! Just shopping on the High Street is no longer enough for the consumer nor the High Street. We have to be a bit smarter more innovative and put into action a more radical approach to delivering what people want from the High Street now.
Britains High Streets have a bright future if entrepreneurs business leaders and local planners are a bit smarter
The High Street will become a bigger part of the community not less if we work at building a better future for the High Street in UK.
Retail therapy is still important to many but the High Street can do so much more for the local community
Retail experts have a role to play on the High Street in the UK. They need to be a bit more imaginative creative and innovative to deliver a High Street fit for the future. Selling stuff is no longer enough. Entrepreneurial retailers will sell experiences night and day.
The notice of the Death of the High Street is premature!
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Looking back at past mistakes to make future better
In order to move forward we must look back. If we want to create a better future for our businesses we need to learn the lessons from the mistakes of the past.
Sometimes you have to look back to move forward
Nobody wants to make mistakes. Where they have been made we should not repeat them
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Learn how to use past mistakes to make business better. Undertake risk reviews to check what went wrong and why. Develop real risk insight to build your business intelligence.
Often we learn more from failure than success. Ultimate business performance can be higher after lessons learnt. Not reviewing risk management errors condemns you to repeating them.
Transform your business on back of past mistakes. Your past mistakes can be the foundation of your future success. However do not dwell on past mistakes. Learn lessons move on but do not keep picking wounds.
Step into your future by looking back at past mistakes
Collaborate with business leaders around world. Learn lessons from their mistakes and from businesses not in the collaboration. Review business mistakes so we do not suffer same fate.
The Bigger Risk To Financial Services Jobs Is Automation Or Robots Not Brexit
Ignore the threat to financial services industry jobs of Brexit. You should be much more worried about the threat of robots. Job automation is the biggest finance sector threat and opportunity.
Job Automation Risk To Your Financial Sector Job
No doubt. Financial services industry is very important to the UK economy. If financial services jobs were lost other sectors would be affected. Fewer services jobs needed to service those in financial services jobs!
Many jobs in financial services are high paid jobs. Top British bankers are paid much more than elsewhere. Resistance to moving to Germany is as much about personal reasons. The UK economy may or may not suffer after Brexit. Bankers will suffer.
However people in financial services are facing automation existential threat. Never mind moving to Germany your job is going full stop!
FinTech company jobs will be prevalent. Bankers less so. Most financial services jobs can be done faster cheaper better. Robots will be
more reliable and
after a few years significantly cheaper
How long do you think the C Suite will keep your job. If job automation is better for bonuses your job is toast!
Existing financial services jobs are like UK miners jobs. The buildings will remain but the people in them will be different. Cyber security and fintech risk managers will be plentiful.
Banks insurers and funds will need cyber experts. They will stop external and internal threats to money.
Fintech risk managers will direct risk appetite and risk tolerance
C suite virtual bankers insurers fund managers will be wealthier
Wealthier investors but more at risk of systemic industry collapse
Software developers will frequent the bars and restaurants. Existing financial services people will be there waiting on tables!
Most existing financial services jobs will be lost to job automation. Do not doubt this for a second!
However it is not all doom and gloom. The key to survive is to move into the new financial services sector jobs. Some new financial services jobs do not exist right now! You must change your skills set to take advantage and survive.
Its not just the top bankers that need worry. Indeed they are the ones most likely to easily morph. Financial services jobs most at risk
Financial and investment advice
Any financial services sector job your current phone app replaces!
Consumers have a choice to use financial services apps and websites. In future the consumer will have no choice. Financial services consumers will not speak to people. People will be gone replaced by job automation. The robots will have taken over the financial services world!
There is no point in complaining. No point arguing with us. Better spending your time reskilling instead. Stop worrying about Brexit. Start retraining to overcome threat of job automation. Learn tech skills not German!
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Trading more brings down barriers. Every free trade agreement has an edge demarcation or barrier. Pull down barriers by trading more freely one to one. Then national barriers will fall.
EEA provides for the free movement of persons, goods, services and capital within the European Single Market
To get the most out of your business assets you do not need a free trade agreement. It does not matter if you are in favour of Brexit or not. You have to manage the threats and opportunities from Brexit. If your business is in the UK EU EEA or on the other side of the world trade more.
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There is an argument that the EU27 were being held back by UK. Maybe UK is being held back from global growth by EU? Most business leaders no longer care.
Most do not trade outside of their country
Most just want to know what the new environment is
Most will get on fine with whatever is agreed
Our role is not to meddle with the politics. What will be will be. Our duty is to make the best out of the finalised deal. BusinessRiskTV.com will help business leaders wherever they are trade more profitably.
Get help restructuring your risk management framework
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Will your strategy for business success fail or fail to achieve more?
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