13. Anticipating a Disrupted World: Levers for Sustainable Economic Development

Today’s context businesses are vulnerable to different risk situations. Challenges of disruptive change are one of the major risk components that have got adversely fastened to businesses. The present-day value of a business is judged through multiple dimensions, paying attention to economic, social, and environmental concerns. The core value of a business is not an undeviating measure of pure manufacturing performance but a much more in-depth commitment of a more focused strategic direction on sustainable economic development. Global megatrends (demographic transitions, urbanization, climate and resources, commodity cycles, technological disruptions, fragility and violence, shifts in the global economy, debate about globalization, and many other forces operating in the environment) and challenges are expected because any risk in macro circumstances leads to extreme disruptive challenges and gradual modification of risk in businesses, which will affect the change in equilibrium of businesses, and this will manifest in manufacturing processes. A better understanding of the linkages between these trends and the associated changes in economic, social, and environmental conditions is needed for survival of businesses in the long run.