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Our outlook looks back at 2020 and presents our most-likely scenarios for oil demand, supply, and prices through 2040. COVID-19 sent shocks through global oil markets, with oil demand and supply still struggling to return to pre-pandemic levels.
Currently faced with a stagnating economy, South Korea could grow to become a top-seven economy by 2040 by adopting eight bold actions within three pillars.
Three unique factors shape the future of jobs in the Europe-5 (France, Germany, Italy, Spain, and the UK): The pandemic. Businesses grow revenues by digitalizing their work processes. More work is done remotely, and more routine tasks are automated. Automation is a lever for change to reduce process costs and increase innovation.
The size of the global refining industry varies dramatically across different energy transition scenarios by 2040. Assumptions on electric-vehicle penetration, policy commitments, and rationalization behavior are key drivers of the difference in outcomes.
With the increased popularity of online shopping amongst customers - 95% of purchases are estimated to be made online by 2040 - eCommerce channels are paving ways for businesses to capitalize on, and also making it even easier to optimize the buying journey for their target markets.
IT’s Environmental Impact: By 2040, the IT sector is expected to account for 14% of the world’s carbon footprint (Netcorp). As cyber threats evolve, outsourcing to experienced providers is becoming essential for companies aiming to strengthen security and protect sensitive data.
According to the Innovation in Batteries and Electricity Storage Report , close to 10.000 GWh of battery energy storage system will be required annually by 2040 in the world.
Sustainable insurance in action Insurers integrating sustainable practices into their value chains include: AXA (2015), launching the AXA Climate School to educate clients on climate risks, enhancing client trust and risk management Zurich Insurance Group (2017), initiating the Zurich Forest Project for reforestation, boosting their brand reputation (..)
For the power sector, the target is 100% renewable electricity production by 2040. The country is a global leader in decarbonisation and wants to have a net-zero carbon economy by 2045. Most of Sweden’s electricity supply comes from hydro and nuclear power, along with a growing contribution from wind energy. Cheap and clean power generation.
For the power sector, the target is 100% renewable electricity production by 2040. The country is a global leader in decarbonisation and wants to have a net-zero carbon economy by 2045. Most of Sweden’s electricity supply comes from hydro and nuclear power, along with a growing contribution from wind energy. Cheap and clean power generation.
billion people will buy products and services online between 2021 and 2022, with 95% of retail purchases expected to be made online by 2040. What You Need to Know About the State of E-Commerce . According to studies, more than 2.14
Did you know that by 2040, 95% of all purchases are expected to be via ecommerce? Ecommerce is one of the fastest growing revenue streams for businesses. As of 2017 China (the world’s fastest-growing ecommerce market) had an estimated value of $672 billion. Sounds like a huge opportunity that you don’t want to miss out on, doesn’t it?
Sweden, for example, aims to be fossil fuel-free by 2040, while in Denmark, over 40% of electricity is generated from wind turbines. They’re encouraging the transition from fossil fuels to renewable energy sources, investing in renewable energy infrastructure such as solar panels, and implementing policies to promote energy efficiency.
However, we may see a significant leap in generative AI capabilities by 2040. Future of generative AI According to McKinsey, 1 generative AI will not likely outperform humans anytime this decade. McKinsey expects AI to reach a level where it can compete with the top 25% of human performers across a wide range of tasks.
As covered in a UIC report on North America , in the US, the Federal Highway Administration (FHWA) reports that total US freight shipments are rising from an estimated 1.7bn tonnes (in 2011) to 28.5bn tonnes (in 2040) thats a rise of 62%. Innotrans 2024 come and see us Capgemini Engineering and Qualcomm Technologies, Inc.
With minimal new investment being made, nuclear power generation may be reduced by two-thirds by the year 2040. Together, nuclear power and hydropower provide three quarters of the world’s low-carbon energy, but due to safety concerns and operating costs, nuclear power generation is being reduced in advanced economies.
Capgemini, one of the first companies to adopt Renew, has pledged to become carbon neutral in its own operations by 2025 and across its supply chain by 2030, and net zero by 2040. HP’s program is helping Capgemini move toward these environmental, social, and governance (ESG) goals. “We
Another organization, Black Girls CODE, has committed to the goal of training 1 million girls to code by 2040. They partner with over 50 universities across the United States in order to promote African American, American Indian, and Latino access to scholarships and corporate exposure. [6].
Amazon has committed to net-zero carbon emissions across our business by 2040. Carbon Emissions Reduction is a Business Necessity. Carbon footprints have become increasingly critical to businesses, as shown by major companies. Try oboloo's eSouricng Software Free For 30 Days.
Volvo Trucks, for example, has set itself a target of 50% fully electric vehicles by 2030 and aims to reach net zero in its value chain by 2040. And they all have ambitious plans to grow the proportion of their portfolio represented by BEVs. Other truck OEMs have similar ambitions.
First, we significantly increased the ambition of our original net zero commitment: we increased our target to a 90% reduction in carbon emissions across scopes 1, 2 and 3 by 2040 (compared to a 2019 baseline), before we’ll neutralize the final 10% of residual emissions through high-quality carbon removal solutions to bring us to net zero.
billion by 2040. So, let’s take a closer look at the top challenges mobile app testers face. Too many devices. According to Statista reports, the number of smartphone users will surpass 1.5 With the growing number of different smartphones, mobile app testing has become critical and challenging for testing teams. .
First, the size of the prize is hefty – Quantum Computing is set to generate up to USD 40-45 Bn in revenues in the Financial Services industry alone upon its maturity by 2040 with a CAGR of ~40-42%. Among the industries that Quantum Computing has the potential to revolutionize, the Financial Services industry stands out for several reasons.
An Accenture study suggests , leveraging AI Is likely to increase business productivity by 35% by 2040 alone in the US. Offers exceptional experience by allowing customers to access info instantly. Remote Tech Support . When the outsourcing industry went through a debacle during 2008-10, everyone wrote off the sector.
Across the world, in the United States, it has been projected that by 2040, the country will have almost 81 million adults aged 65 years or more. Likewise, in Australia, the percentage of those aged 65 years and over is projected to increase by more than two times by 2057 (Australian Institute of Health and Welfare, 2021).
Japan also announced its goal to install wind turbines capable of generating 45 gigawatts of power by 2040, making it the world’s third-largest wind power producer. First, it mandates that all new vehicles are zero-emission by 2040. Sugo specifically mentioned hydrogen as a critical area of investment. Spain Carbon Tax Implications.
The E-commerce industry continues to grow at 24% and is likely to take over 95% of all retail transactions by 2040, but there’s a lot to discover and achieve. . On the other hand, D2C players are offering quality products, an exceptional shopping experience at half the price. Top Trends to Watch Out for .
The global LNG volume traded is expected to grow up to 700 MTA by 2040, with major growth concentrated in the Asian and European regions as demand centers. We will witness major disruptions specifically in the energy trading area, in the way to do business, government and international regulations and the changing use of technology.
Several other states are moving in the same direction, all precedented by 15 countries that announced the transition to EV by 2040 at the UN Climate Change Conference in Glasgow (COP26). New Jersey is following in California’s footsteps, while Rhode Island and Washington have set the same goal for five years earlier.
If not addressed, the cost of health disparities could reach $1 trillion or more by 2040 2. Health disparities are expensive! They could cost the U.S. healthcare system approximately $320 billion.
By continuously improving our programs over just 15 months, we are now on track to reach net zero by 2040, a 10-year improvement from our original target. We’ve already embedded leading ESG practices and behaviors into our own operations.
With 240 fully featured services and a presence in 33 geographic regions, AWS aims to achieve net zero carbon emissions by 2040 , ten years ahead of the Paris Agreement. The AWS journey to Net Zero: Setting the scene AWS is not a small player in the tech world.
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