rohit talwar global business trends and the implications for the meetings industry imex 26 05 11
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Presentation on global trends and the implications for the meetings industry. prersented at Imex Frankfurt May 26th 2011TRANSCRIPT
IMEX Frankfurt
May 26th 2011
Global Business Trends and the Implications for the Meetings Industry
May 26th 2011
Rohit Talwar
CEO - Fast Future
www.fastfuture.com
www.convention-2020.com
• Global strategic foresight study to help the meetings industry prepare for
the decade ahead - Industry-wide sponsors
• Multiple outputs Nov 2009 – December 2011
• Current studies on future strategies for venues and destinations
Convention 2020
Growth is not Guaranteed*
*Thinking is Back in Fashion
Transformational Change?
It’s Only Just Begun
Demographic Destinies 2 billion more people in 40 years –
Demographics is Driving Economics
1998
448 691 5231739
344
1998
729
4157
1030
585
Source : United Nations2010 2050
Life Redefined –Lifespans are Increasing
Under 50’s have 90% chance of living to 100.
Aubrey de Grey suggests we could live to 500 or 1000we could live to 500 or 1000
What are the health, housing, consumption and resource implications?
What kind of opportunities will be created?
BCG’S 2011 Global Challengers and Emeriti: Origin Countries
33
2020
25
30
35
14
86
54
3 32 2
1 1 1 1 1
0
5
10
15
Source: Boston Consulting Group, January 2011
New Industry Models and Mindsets
Swoopo - The $17,739 iPad
Access vs. Ownership
Think Like the Customere.g. Open Innovation
Learning Investments
Telephony• Voice
• Messaging
• SIM card
• Phonebook
• Ring Tones
• Security
Connectivity• Cellular
• Up to 14 bands
• WLAN/BT
• GPS
• NFC
• FM
TMT – Convergence and Immersion
Data/Enterprise• 100Mbps
• IMS
• Browsing
• VPN
• PIM
• Ecommerce
• Payments
Software• Protocols
• Middleware
• Applications
• User Interface
• Minimize fragmentation
Multimedia• Camera 8-16M
• Camcorder
• 24M Color Display
• Memory (160GB)
• Multiformat A/V • HD Video/TV out
• Games
(50-100M Tps)
• DRM
What I Want – When I Want
New Analytics and a New Knowledge Infrastructure
Internet of Things
Augmented Reality / Interactive Data Eyeglasses
Haptics / Holograms / Interactive Surfaces
Future Growth Industries
Green Buildings - $600Bn by 2015
Source: PR Log, December 2010
Rising Infrastructure Spending
• CIBC projects up to $35 trillion in public works by 2030 (1)
• Annual spend:
– North America – North America $180Bn
– Europe $205Bn
– Asia $400Bn
– Africa $10Bn
Airport Expansion by 2020
China from ~150 to 244China from ~150 to 244India from India from ~100 ~100 to to 150150
Opening Up Education
Transforming Healthcare
Green Transport Revolution
New Energy Solutions
Reinventing Retail
Nanomaterials - $100Bn
European Smart Grid - $200Bn+
Bio-pharma - $319Bn by 2020
Source: PwC, ABLE, 2010
Industrial Biotech - $659Bn by 2020
Source: Economist, June 2010
3D Printing - $1Tn+?
Conclusions – Playing to Win
• Think Customer
• Focus on Growth Markets
• Be Visible
Next Steps – June – Dec 2011
• Venue Strategies
• Destination
StrategiesStrategies
• Technology
Timeline
• Association Events
• Corporate Events
Next Steps – How Can You Get Involved?
• Future Reports – Give us Feedback
• Take part in Pulse Surveys
• Contribute Expert Papers
• Run / Host a Workshop / Survey
• Student Essay Competition• Student Essay Competition
• Suggest Research Topics - tell us what you’d like to see =
• Ask about the sponsorship benefits
[email protected] www.convention-2020.com
Fast Future – Meetings Industry Services
• Briefings and workshops for executive
management and boards of venues, CVB’s and
associations
• Customised research on trends, technologies
and new marketsand new markets
• Development of strategies and business plans
• ‘Deep dives’ on key trends and technology
developments
• Consultancy and workshop facilitation on
innovation and new business models
38
Fast Future • Research, consulting, speaking, leadership
• 5-20 year horizon - focus on ideas, developments, people, trends and forces shaping the future
• Clients
– Industry Associations – ICCA, ASAE, PCMA, MPI
– Corporates - GE, Nokia, Pepsi, IBM, Intel, Samsung, GSK, SAP, Orange, O2, E&Y, KPMG, Amadeus, Sabre, Travelport, Travelex, ING, Santander, Barclays, Citibank, DeutscheBankSantander, Barclays, Citibank, DeutscheBank
– Governments - Dubai, Finland, Nigeria, Singapore, UK, US
– Convention Bureaus – Seoul, Sydney, London, San Francisco, Toronto, Abu Dhabi, Durban, Athens, Slovenia, Copenhagen
– Convention Centres – Melbourne,
Adelaide, Qatar, QEIICC
– Hotels - Accor Group, Preferred,
– Intercontinental
– Congrex, Kenes
– Aeroports de Paris / Schiphol Group
Future Convention Cities Initiative• Cities that want to be at the leading edge of delivering business events
• Focus on maximising long term economic benefit of events
• Research, sharing of expertise and best practices
• Meet four time a year
• Initiated and co-ordinated by Fast Future
Hotels 2020: Beyond Segmentation Objectives
• Identify change drivers and
key success characteristics
for the globally branded hotel
sector over the next decade
• Examine the implications for:
– Hotel strategy
– Brand portfolio
– Business models
– Customer targeting
– Innovation
Rohit Talwar• Global futurist and founder of Fast Future Research.
• Award winning speaker on future insights and strategic
innovation – addressing leadership audiences in 40 countries on
5 continents
• Author of Designing Your Future – Published 08/2008
• Profiled by UK’s Independent Newspaper as one of the Top 10
Global Future Thinkers
• Led futures research, scenario planning and strategic
consultancy projects for clients in telecommunications, consultancy projects for clients in telecommunications,
technology, pharmaceuticals, banking, travel and tourism,
environment, food and government sectors
• Clients include 3M, BBC, BT, BAe, Bayer, Chloride, DTC De
Beers, DHL, EADS, Electrolux, E&Y, GE, Hoover, Hyundai, IBM,
ING, Intel, KPMG, M&S, Nakheel, Nokia, Nomura, Novartis,
OECD, Orange, Panasonic, Pfizer, PwC, Samsung, Shell,
Siemens, Symbian, Yell , numerous international associations
and governments agencies in the US, UK, Finland, Dubai,
Nigeria, Saudi Arabia and Singapore.
• To receive Fast Future’s newsletters please email
• 50 key trends
• 100 emerging trends
• 10 major patterns of change
• Key challenges and choices for
leaders
Designing Your FutureKey Trends, Challenges and Choices Facing
Association and Nonprofit Leaders
leaders
• Strategic decision making
framework
• Scenarios for 2012
• Key futures tools and techniques
• Published August 2008
• Price £49.95 / €54.95/ $69.95
• Email invoice request to
Our ServicesBespoke research; Identification & Analysis of Future Trends, Drivers & Shocks
Accelerated Scenario Planning, Timelining & Future Mapping
Personal Futuring for
Public Speaking, In-Company Briefings, Seminars and Workshops
Identification of Opportunities for Innovation and Strategic InvestmentStrategy Creation &
Development of Implementation Roadmaps
Design & Facilitation of Innovation, Incubation & Venturing Programmes
Expert Consultations & Futures Think Tanks
Personal Futuring for Leaders and Leadership Teams
Example Projects• Public and private client research e.g. :
– Convention 2020 – the Future of Business Events
– Future Convention Cities Initiative – Maximising Long-term Economic Impact of Events
– One Step Beyond – Future trends and challenges for the events industry
– Hotels 2020: Beyond Segmentation – Future Hotel Strategies
– The Future of Travel and Tourism in the Middle East – a Vision to 2020
– Future of Travel and Tourism Investment in Saudi Arabia
– Aviation and Airports e.g. Aviation 2030
– Scenario Projects – Migration 2030, Future of Narcotics, Chemical Sector, Family 2030– Scenario Projects – Migration 2030, Future of Narcotics, Chemical Sector, Family 2030
– Scenarios for the global economy for 2030 and the implications for migration
– Designing Your Future (Published August 2008) – book written for the American Society
of Association Executives & The Center for Association Leadership
– Global Economies – e.g. The Future of China – the Path to 2020
– The Shape of Jobs to Come – Emerging Science and Technology Sectors and Careers
– Winning in India and China
• Strategic advice to industry players
• Confidential advisory and coaching services to CEOs and top teams
• Public speaking at public conferences and in-company events
• Future thinking workshops and retreats
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