future trends impacting wfi : new wisdoms future trends impacting wfi : new wisdoms annimac ...
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Future Trends Impacting WFI : Future Trends Impacting WFI :
New WisdomsNew Wisdoms
Annimacwww.annimac.com.au
Wesfarmers Federation Insurance National Conference
Growth Through Wisdom Focus Innovation 27 April 2005 Perth W Australia
Speaker
Conference Keynote Conference Keynote
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“ “ Everything that has beenEverything that has been
standard practice for 5 standard practice for 5
generations on my family generations on my family
farm is now wrong. farm is now wrong. ””
Great Southern WA crop & sheep farmer, age 38Great Southern WA crop & sheep farmer, age 38
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Rate of Change
5 minutes - new technology 5 days - new product or service every day - 1 million new web
pages
Change we have in one day
Our grandparents had in one year
Younger means faster
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Technology e.g. by 2020
70 % types of jobs then
do not exist now because
80% technology not yet imagined
Driving all Drivers of ChangeDriving all Drivers of Change
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Likely jobs in next 10 years :
• Director of Emerging Thought
• Chief Zookeeper - of people
• Chief Farm Technologist
• Creative Undertaker
• Agricultural Biotech Adviser
• Pasture Programmer
• Valuer of Intangible Assets *
• Human Interface Manager *
* 2003
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now Technology not wealth
• Access
• Skilling
50 % world popn no phone
Gap : Haves - Have Nots Gap : Haves - Have Nots
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Changing Nature of WorkChanging Nature of Work
Two major trends :Two major trends :
Co opitalismCo opitalism
Cooperative capitalismCooperative capitalism
SustainabilitySustainability
Development harmonyDevelopment harmony
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• Project based Team basedProject based Team based
• Relationships Relationships
• One off alliances - consortiaOne off alliances - consortia
• Globally networkedGlobally networked
• Fast flat skilled decision makingFast flat skilled decision making
• Values drivenValues driven Quad Bottom LineQuad Bottom Line • Asia marketsAsia markets
Changing Nature of Work :Changing Nature of Work :
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Emerging values for BusinessEmerging values for Business
intergenerational equity
leaving our planet to future generations in as good as or better state than it is today
sustainable development human development ( financial economic and social ) in harmony with the natural environment
eco-footprinting
the assessment of our current usage and 'fair share' of global resources
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Farmer’s paddock Williams Albany Hwy WA March 03
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Changing Nature of Employment :Changing Nature of Employment :
Two major trends :Two major trends :
• CasualisationCasualisation
• Values drivenValues driven
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• Contract based : ProjectsContract based : Projects
• Part timePart time
• Skill based Multi skillingSkill based Multi skilling
• Employee benefits negotiatedEmployee benefits negotiated
• Values driven not moneyValues driven not money• personal people planet personal people planet
• Global sourcingGlobal sourcing
Changing Nature of Employment :
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Aus Small Business Trends ABS
1996 - 2001
Number of small biz in Aus 1,505,924
Income increase over 5 yrs 18.6 %
including wages 29.9 %
profit up by 13.4 %
Number in capital cities 945, 320 only Hobart decreasing
Number outside capital cities 611,476
decreasing by 1 %
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Small biz
Highest 5 yr growth outside capital cities :
SW Queensland 42.4 % Kimberley WA 41.7 % Outer Adelaide 37.4 % Central W Queensland 31.2 %
Decline in total income in 4 Regions :
Midlands WA - 1.1 % South Eastern WA - 3.9 % Upper Great Southern WA - 8.8% Northern Sth Australia - 4.8 %
Average income grew in all regions
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ABS Estimates: Ave Annual Growth in Total Income of Small Businesses 1996 to 2001
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Trends in farm income :
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Future growth trends - small biz startup :
Domestic services - “ Do it for me ”
• home cleaning, maintenance and gardening
• healthy prepared meals and home catering
• shopping and delivery services
• home security systems and patrol services
• household waste disposal and recycling
• car care
• pool cleaning
• pet care
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Start-ups
Community services
• travel & tourism • special interest education – leisure & learning • investment & retirement planning • sports & recreation • tailored accommodation facilities • home & health care • preventative health & alternative therapies • mobility & companionship services
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Start-ups
Health & lifestyle
• alternative therapies • stress management, relaxation & meditation • personal counselling & self awareness • parenting skills & techniques • public speaking & social etiquette • career & skills development • image consulting • personal security, self-defence & devices
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Start-ups
Business services
• computer consultancy services • employment placement & staff contracting • accounting & business advisory services• serviced offices & secretarial support • business planning & information services • marketing & public relations
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Start-ups
Tourism & Recreation
• ecotourism & nature based tours • heritage & nostalgia tours • backpacker tourism • farm-stays • special events e.g. country show days • concert & sporting events
Major growth : On line e-business
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Trends in Rural AustraliaTrends in Rural Australia
• Farming communities downsizingFarming communities downsizing
• Family farms corporatisingFamily farms corporatising
• Urban encroachmentUrban encroachment
• Ageing farm populationAgeing farm population
• Succession issues : youth issuesSuccession issues : youth issues
• Women as farm biz managersWomen as farm biz managers
• Slow uptake of technologySlow uptake of technology
• Slow uptake new knowledgeSlow uptake new knowledge
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Trends of Climate Change
• Forecasters disagree long term
• Global warming impacting
• Some changes inevitable
• Aus second most arid continent
• Aus climate highly vulnerable
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Trends of Climate Change : AusTrends of Climate Change : Aus
Aus climate cyclical - shorterAus climate cyclical - shorter
Aus ecosystems vulnerable to change :Aus ecosystems vulnerable to change :
• hi risk : coral reefs alpine mangrove wetlands savannahshi risk : coral reefs alpine mangrove wetlands savannahs
tropical forests deserts natural grasslandstropical forests deserts natural grasslands
Global warming impacting Aus :Global warming impacting Aus :
• increasing carbon dioxideincreasing carbon dioxide
• changing temperatures : hi certaintychanging temperatures : hi certainty
• changing rainfall : mod certainty changing rainfall : mod certainty
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Likely impact of climate changeLikely impact of climate change 2030 2030
• COCO22 to 455 ppm : mostly good mostly good
• plant growth & water efficiencyplant growth & water efficiency
• Temperature warming : Temperature warming : 22°° to 4 to 4° C° C
• Rainfall change : mostly not good
• southwest : southwest : -20% to +5%-20% to +5%
• southeast, Qld : southeast, Qld : -10% to +5%-10% to +5%
• inland : inland : summer or autumnsummer or autumn
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Some Specific ImpactsSome Specific Impacts
Wheat :Wheat :
• faster growth less grain fillingfaster growth less grain filling• high yield lower grain proteinhigh yield lower grain protein• not bread making or pasta grainnot bread making or pasta grain
Fruit :Fruit : esp apples stone fruits southern Ausesp apples stone fruits southern Aus
• less frost damage less chillingless frost damage less chilling• less bud burst lower fruit setless bud burst lower fruit set• lower yield reduced qualitylower yield reduced quality
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Changing rainfall & temperature impact onChanging rainfall & temperature impact on
wheat production in Australia wheat production in Australia CSIRO 2001CSIRO 2001
Temperature increaseTemperature increase °°CC
Rainfall change %Rainfall change %Y
ield
r
esp
on
se
%Y
ield
r
esp
on
se
%20%20% 0%0% - 20%- 20%
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High rainfall Pastures :High rainfall Pastures : • NSW Vic : CONSW Vic : CO22 & warming cancel out & warming cancel out• sthn Aus less winter spring rain sthn Aus less winter spring rain
• less plant production less plant production • less animal productionless animal production• higher temp : dairy cows less milkhigher temp : dairy cows less milk
Rangelands : Rangelands : delicate diversity threateneddelicate diversity threatened
• sthn Aus 10% less winter spring rain sthn Aus 10% less winter spring rain • less forage less animal productionless forage less animal production
• nthn Aus more summer rain COnthn Aus more summer rain CO22 • more forage poorer quality
• nthn sub / tropics move southnthn sub / tropics move south• natural vegetation unable to adapt natural vegetation unable to adapt
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Growth in forests :Growth in forests :
if COif CO2 2 doubles with 3doubles with 3°°C temp increaseC temp increase
> 50%> 50%
25 25 toto 50% 50%
0 0 toto 25% 25%
-25 -25 toto -50% -50%
-50 -50 to to -25%-25%
< -50%< -50% No growthNo growth
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Gap widening : Knowledge
• Haves / have nots
• Age generations
• Globally networked
Shifting Global ValuesShifting Global Values
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now Technology not wealth
• Access
• Skilling
50 % world popn no phone
Gap : Haves - Have Nots Gap : Haves - Have Nots
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Australian Population Pyramid
Aus Govt 2001
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Gap : Age GenerationsGap : Age Generations
Four generations : Three worlds
• Baby Boomers 45 – 60 yrs Materialism• economic rationalists : profit• material values : tangibles• science as religion : rational
• Generation X 30 – 45 yrs• clones of Boomers : materialists or• copy younger : sustainability
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Four generations : Three worlds
• DotComs 15 - 30 yrs Sustainability
• global identity• co opitalism• relationships• holistic win - win – win
• Cluetrain Manifesto “ The marketplace is a conversation ” www.cluetrainmanifesto.com
Gap : Age GenerationsGap : Age Generations
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Chinese Technology CentreChinese Technology Centre
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Gap : Age GenerationsGap : Age Generations
Four generations : Three worlds
• Ferals 0 – 15 yrs Virtual
. no limits
. no boundaries
. parallel universes . quantum everything
. invent their world
. beyond our imagining
. Indigo children
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Gap : Globally NetworkedGap : Globally Networked
Those globally networked :
• access all knowledge
• empowered
• confident
• passionately committed
• global view future
• one planet : one future
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Summary Impact for WFISummary Impact for WFI • transiting two worlds - accelerating
• values shift to sustainability QBL
• cooperation not competition
• climate change impacting agribiz
• rural Aus rapid demographic shifts
• young non negotiators
• relationships : consumers partners innovators
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Two greatest challenges facing WFI
Changing nature of agribiz
• facilitating client change
• risk management during change
Changing nature of clients
• understanding immense differences
• responding to - not imposing upon
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