Businesses will continue to feel disruption into 2021, with the ongoing upheaval of COVID-19, a severe economic recession, and in some markets ongoing protests ranging from Black Lives Matter to anti-vaxxers. View Additionally: List of Higher Educated People in The World. However, businesses should also be turning their attention to the challenge of health and safety. Think about the best ways to encourage and nurture productivity and communication in your workplace. Is it easy for your employees to access their payment and benefit terms, even in remote situations? Check out this free article today. Work towards keeping the space safe and welcoming for those who may need to report a concern. All rights reserved including database rights. Design like a professional without Photoshop. Left unaddressed, these concerns can lead to decreased activity, decreased communication, and even concerns with daily function according to a CDC report. Responding to this trend is a top priority for 2021 with brands bringing forward plans to rethink distribution and experimenting with new models. 2020 was a challenging year for many businesses, around the world. 1. 81% of respondents agree that COVID-19 has only served to concentrate power in the hands of ‘big tech’, while 83% of respondents agree or strongly agree that those firms should be subject to “greater regulation” to help level the playing field. Six Degrees is supporting law firms as they transition to the ‘new normal’, enabling them to achieve efficiencies and maintain competitive advantage. COVID-19 has impacted so many lives. (Mental Health Awareness 2019), How to Support Mental Health in the Workplace, How to Build a Culture of Diversity and Inclusion in Your Workplace, What Is Unconscious Bias? Your employees are the heart of your business. Again, diversity in the workplace is a strength. As healthcare becomes more digital, brands need to carefully consider their offerings to ensure inclusivity and trust. Dr R S Sodhi, Managing Director, Gujarat Co-operative Milk Marketing Federation (Amul), says: “We saw the rising demand for immunity-boosting products from consumers and we have launched 11 new products in the last five months to meet that, from immunity boosting beverages like turmeric milk to Haldi ice cream with immunity-boosting elements.”. Your voice and your support matters. However, challenging times have brought even more organizational challenges to the table. Automotive builders must choose; does the compromise of doing business in China outweigh the yield of giving up this enormous market. Brands explore new strategies for personalisation. By Shachar Radin Shomrat On Jan 8, 2021. Martech and SEO go hand in hand. With digital advertising dominated by a small number of media platforms, marketers face the daunting task of managing their activity across those garden walls. Extreme market fragmentation 2. Even if it's not a core part of your business plan, it can be a strong idea to know how you'd tackle this challenge. You've got two choices here. 2019 hasn’t been an easy year for the manufacturing industry, and 2021 is going to get even more challenging. How will your HR focus address potential problems in 2021? Are you prepared to reimagine your office spaces and the way you engage with your employees? Marketing can grow its influence by being the link to the market. A growing range of brands are moving into this space, adapting to cater to emerging consumer priorities around both physical and mental wellbeing. Stanford University estimates that over 40% of Americans experienced working from home, full time, in 2020. Everything you need for your next creative project. Cloud companies are facing 7 challenges in 2021. BerkeleyHaas concluded that small and mid-sized businesses were the hardest hit in 2020, in a survey of over 15 countries in Europe and Asia. This is a lot to consider. Hilary King at Akixi discusses some of the major challenges that many companies in the telecoms industry are facing right now. Challenge:The automotive market must overcome crippling tariffs and … For example, working from home, as a business practice, is projected to be here to stay according to Inc. Besides, many of us resonate with different learning styles. For some marketers, this will be an opportunity, as they lead the response to a volatile market and help their businesses transform. Health and wellness will remain centre-stage as the rebuild begins. In calmer times, each of these 10 world-class companies could no doubt assess these challenges, map out a solid plan to overcome them, and begin to execute and adapt. Have anti-discrimination policies and enforce them. There was a big shift in the way consumers were buying: larger packs, and also buying much more online. What about the technology necessary to do this? You might also want to check out The Complete Small Business Human Resources (HR) Guide. Our 2021 Top 10 list reflects on the ongoing and unprecedented implications of COVID-19 across five key areas: redesigning supply chains, preventing the misuse of COVID-related technology, the crisis of crew change at sea, mass-scale theft of migrant workers’ wages, and uncertainties over the future of the modern workplace. Is health care accessible to your employees? Make sure your own ducks are in order first. The Challenges Facing Agriculture, Going Into 2021. Never miss out on learning about the next big thing. Those companies that finally made the investment in 2020 will reap the rewards in 2021 and beyond. Defining an effective business strategy that can scale and evolve with time is paramount for a profitable venture eager to stay ahead. First, similarities in flu and COVID-19 symptoms could lead to a threefold spike in demand for COVID-19 testing as flu season in the Northern Hemisphere approaches. Think about how you can best equip your employees to work remotely. They're permanent now. Take some time to analyze your HR focus, performance management trends, and work priorities. For example, when faced with a large social problem, will your business stand up and make their stance known? Here's more information on accommodations and disability rights to know in 2021. Part of WARC’s Marketer’s Toolkit 2021, this data report, based on a survey of client and agency-side executives, looks at near-term trends in six key areas, following the STEPIC methodology. Enthusiasm for electric vehicles grows in Southeast Asia, BBC Global News could move to a subscription model, Marketers are unprepared for a cookieless future, How brand 'personalities' can impact sponsorship ROI, Startup seeks to digitise India’s huge gold market, The now and the next: Advice for pharma marketers in the new normal, The Marketer's Toolkit 2021: Navigate through uncertainty, Drivers of change: Part of the Marketer's Toolkit 2021, How marketing leaders are planning for 2021: Part of the Marketer's Toolkit 2021. For example: The challenges that typically result in these closures include, but aren't limited to: ineffective marketing, financial hardship, management problems, and ineffective planning. When social concerns arise, how will your business respond? The new year has brought countless fresh challenges for business owners. So, what are your HR goals for 2021? These concepts also apply to LGBTQ candidates and employees. We’ve made some exciting changes since your last visit, bringing you: By continuing to use the site, you agree to the use of cookies. Insurers have to do diligent research and study on cyber criminality and also have to reinforce their own systems to remain resilient. Think about it—wouldn't you want to work for a company that's invested in your well-being? A diverse steam means more information, more perspectives, and more varied skilled. By. Keep in mind that not all disabilities are visible. The automotive market in China is the largest in the world, calculated by unit number. Five Martech and SEO Challenges Facing the CMO in 2021. Check out these extra resources on mental health care support in the workplace. Conny Braams, Chief Digital and Marketing Officer, Unilever, comments: “There was a little bit less spending in the beginning of Q2, but I think quite quickly we’ve come to the conclusion that if we are going to enter a recession then normally the brands that continue to spend come out much stronger.”. Then, you can respond to them in a strategic way. Opportunities and challenges facing financial services firms in 2021. 78% of respondents believe that purpose is now more important as a result to the disruption to society. In the event of difficult decisions, be honest and upfront from the start, rather than surprising others with difficult news. Are you fair with your employees and the position are attractive candidate may the... Opportunity, as a good one there 's plenty to see where is... Than to be enforced and embraced throughout your organization is there bias, how you can adapt and rise the! 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