Megatrend | Key issues affecting organisation | Impact and Implication |
Shifts in global economic power | ● Fluctuation in concentrating market need
● Lack of fair competition ● Shared mobility ● Economic growth across the industry
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● Due to comprehensive operational improvements, company might reape benefits of cost optimisation effort and reduced cost interest.
● Rebalancing company economic growth, in the stage of lower demand for imported commodities, which has been one factor for depressing global prices, particularly in the area like metal (PwC analysis from Thompson Reuters). ● New partnership offers long term and competitive mortgages for new move-in-house and increase affordability for GB Auto. ● Vehicle sales growth, governmental moves to combat emission and others are driving the industrial economic growth and thereby creating future opportunities of empowering financial feasibility for GB Auto. ● Company should provide a competitive cost that is suitable for project. (Business report, 2014) ● An investment should be done in local transportation vehicles instead of private. (Interview: Raouf Ghabbour) ● Shared mobility can impact GB Auto with distinctive business growth under the features of cost benefits in terms of operating within the growing trend of shared economy ● In under an age, creating economies have gone from being makers of products for created nations, to turning into a significant objective for customer labour and products by their own doing. They presently represent almost 80% of worldwide financial development, and 85 percent of development in worldwide utilization (Peter, 2019). |
● Demographic social change
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● Growing digitisation
● Energy consumption ● Growing applications like telematics and advanced internet of things with smart applications are impacting the company to a greater extension
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● Adding advanced choices to activities. Existing endeavours were maintained, from decreasing paper-based exchanges to decreasing subsequent time after vehicle purchases by presenting tablets at administration consultant work environments, utilising reused toner cartridges, and utilising video correspondence rather than repeating transportation across Cairo.
● Recently, share swap agreements provide service both business and consumers. It is the first independent electronic wallet licence provide digital platform by using voice assistants and new touch interfaces, (Growth of global data) acts as a catalyst in digitizing, lending, payments, e-commerce, consumer finance and logistics for millions of undeserved and unbanked customers (June, 24 2021; WAYA staff) ● With advanced technological implementation and applications, the company might be positively impacted with the growth of business by positively influencing customer purchasing behaviour (Madhok, 2021) |
Resource scarcity and climate change
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● Dominance of Autonomous vehicles
● Employee development and team building ● Electrification of car markets
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● The scarcity of resources across the Egyptian automobile industry has been providing increasing impact on the growth of GB Auto
● Employee development has been highly emphasized by the industry as a topmost resource for ensuring operational flexibility with skilled human resource. It serves employee by providing educational assistance, training offered in business, technical skills, languages, sales and more. It also provides compensation and benefits for their staff and initiated middle management program. (Business annual report, 2018) ● The Egyptian automobile industry has been lacking from technological resources to some extent. It has been driving the industrial players to look for associating innovation as an integral part of mitigating ever changing demands of the consumers. GB Auto might be impacted with disrupted operations as a result of experiencing resource scarcity. ● Customer’s demographic changes can impact their purchasing behaviour that might provide a negative impact on the growth of GB Auto with decreasing purchasing ability of customers. ● Replace halogen and tungsten lighting with LED during night shift. (Annual ghabbour-auto business report, 2019) ● Electrification of car markets has been empowering the charging infrastructure with technological implementation and thereby positively influencing with environmental welfare by reducing carbon emission along with supporting sustainable framework |
Bibliography:
Ghabbour Auto Industry: Gabbour Auto Annual Report 2019. Ghabbour Auto Sustainability report 2019.Digital operation and data protection PP.28
Peter Fisk, 2019 Megatrends 2020-2030 what they mean for you and your business, how to seize opportunities for innovation and growth
Madhok, A., 2021. Global Automotive Outlook and Trends: 2020 and Beyond. [Online]. Available at: <https://www.counterpointresearch.com/global-automotive-outlook-trends-2020-beyond/> [Accessed 20 October 2021]