I just finished reading my latest book titled Purpose + Profit. The book was written by Harvard professor George Serafeim. Being purpose-driven is no longer a brand or marketing gimmick, but a sea change driven by multiple forces. The book provides data to support the coexistence of both purpose and profit. In fact, it makes the case that purpose-driven companies have better outcomes. In 2017, I spoke about the need for a hybrid of purpose and profit. It is refreshing to read the many examples of how that exact scenario is playing out. Even more encouraging is the advancement in available data that allows us to measure impact – something the author calls impact weighted accounting. I recommend the book and have added it to my library. The Amazon abstract is included below.Continue reading
Are there other forces lurking that could indeed lead to relocalization? Might a world where our food, energy, and products are created locally drive deglobalization? An open question with massive implications. Relocalization is a geopolitical building block – one of many that contribute to future thinking exercises.Frank Diana – Deglobalization
That quote from my post on deglobalization highlights a possible future. That future is not the same as a possible post deglobalization future. The context surrounding deglobalization is centered on resilience and risk. To drive resilience and reduce risk, nations will diversify their supply chains and pursue reshoring strategies where appropriate. Relocalization on the other hand has massive implications to the nation-state structure and long-standing institutions. Imagine a world where our energy, food, and goods are sourced locally. What happens when a state is self-sufficient? What need does the state have of nations? What happens to logistics and transport if our needs are satisfied locally?Continue reading
I just finished another book titled Future Stories authored by David Christian and have added it to my book library. The book focuses on future thinking, exploring the various ways that experts, plants, animals, and even cells manage the future. This visual from the book provides a glimpse of the possible futures explored.
I am a big believer in storytelling as an effective means of understanding complex scenarios. The book does just that. An abstract of the book follows. I highly recommend it.Continue reading
Yesterday I wrote about endless possibilities. In thinking about the topic, I pointed to the 2022 Trends Report launched by the Future Today Institute. My post focused on a number of scenarios that represent possibilities. Here is another example of a possibility from the report – new city designs. Post-Industrial Revolution designs focused on cars and roads versus people, but that focus is likely to change. Future communities will be built around nature, not over it. As described by this article, THE LINE is an example of that change.Continue reading
According to this recent article, there is a surge in environmental, social, and corporate governance (ESG) investing, which is attracting record amounts of capital and bringing shareholder activism to the forefront. In contrast to the first wave of climate investing, this second wave will benefit from a more established ecosystem. In 2021, global venture capital funding for clean technology hit $43 billion, which was more than double the $20 billion invested in 2020. Experts believe that the trend is just getting started.Continue reading
The Norwegian Public Roads Administration is determined to create the world’s first floating highway. Coastal Highway Route E39 is projected to cut the 21 hour travel time between Norwegian cities by at least half through the elimination of seven different ferry crossings. The historic roadway project will cost more than $47 billion. The video below describes this ambitious project.
Understanding possible futures is all about signals – and there is no shortage of them. A dominant conversation these days is focused on how to sense these signals, derive foresight, and respond. While foresight helps us see possible futures, the next challenge is moving from a high degree of uncertainty to some level of actionable certainty. That step in the process is a combination of science and art. Signals manifest themselves through the current and emerging building blocks that shape our future – and they are coming at us from every corner of society. Since I don’t believe in prediction, I will focus my year-end post on signals to look for in 2022 across four key areas.Continue reading
As we move aggressively into this period of great invention, we will increasingly marvel at astounding levels of innovation. Every domain will experience this phenomenon…and it is accelerating. The articles below make the point very clear. The most encouraging piece of these breakthroughs is growing evidence that our world of extraction is shifting ever so slightly to one of creation. Advances in materials science are critical to solving some of the worlds greatest challenges. The energy transition is underway.
A Norwegian company has created what it calls the world’s first zero-emission, autonomous cargo ship. If all goes to plan, the ship will make its first journey between two Norwegian towns before the end of the year, with no crew onboard. Instead, its movements will be monitored from three onshore data control centers.Rochelle Beighton – World’s first crewless, zero emissions cargo ship will set sail in Norway
That quote from this recent article describes the worlds first fully electric container ship that is also autonomous. The shipping industry currently accounts for between 2.5% and 3% of global greenhouse gases emissions, according to the International Maritime Organization. This zero emissions cargo ship begins the long process of addressing that problem. It is envisioned that it will replace 40,000 truck journeys a year. The crewless feature of this emerging innovation makes the ship more cost effective to operate. Almost every scenario we look at tells the same transition story. In this case, the transition involves humans loading and unloading the ship initially, but eventually transitioning to all operations using autonomous technology.Continue reading
When looking into the future, changes to the home may not be the first place you look, yet it will not be spared in this era of transformative change. In fact, the home experience was already changing prior to the pandemic, and in a post-pandemic world, the future home looks different. Other drivers like sustainability and aging in our homes are likely to alter our long-standing views of homes. As an example, a recent article describes a new home that is self-sustaining, autonomous, and 3D Printed. The video provides a glimpse.
RethinkX just launched a report on climate change, and I have added it to my research library. Sustainability is a growing topic and focus area for leaders around the world. RethinkX concludes that technologies to address the climate change challenge already exist, but they are subject to societal choices. The abstract points to the importance of this report for all leaders.Continue reading
I had the pleasure of keynoting the AIME 150th anniversary event last week. In advance of that session, I did a short interview addressing five questions posed by Amanda Blyth, publications manager for the association of Iron and Steel Technology. The questions were in the areas of energy, digital transformation, sustainability, skills needed in 2030, and remote work. The interview can be viewed below. Note: I misspoke during the interview. When addressing the skillset question, I for some reason reversed our left and right brain characteristics. It is our right-brain that houses those characteristics that make us distinctly human.
Resilience is the capacity to recover quickly from difficulties. That word is suddenly in everyone’s vocabulary. Whether it is individual or organizational, resilience helps us withstand adversity and bounce back. The pandemic can be credited for our heightened awareness, but it was just a matter of time before we all got here. The factors described in my Post yesterday describe why: complexity, pace, volatility, unpredictability, and the unexpected. These factors have always been there, but during specific transformative eras throughout human history, they combined in ways that challenged the existing order.Continue reading
Each year the Future Today Institute releases a very comprehensive trend study during SXSW. I just finished getting through this very comprehensive installment. In announcing this year’s report, Founder Amy Webb had this to say:
The cataclysmic events of the past year resulted in a significant number of new signals. As a result, we’ve analyzed nearly 500 tech and science trends across multiple industry sectors. Rather than squeezing the trends into one enormous tome as we usually do, we are instead publishing 12 separate reports with trends grouped by subject. We are including what we’ve called Book Zero, which shows how we did our work. There is also an enormous, 504-page PDF with all content grouped together as one document.
Well, Amy was not kidding, there is quite a bit to digest. The 12 separate reports referenced can be downloaded Here. As I do with each look into the future, I captured some highlights from this year’s trend study. I will start however with an important observation that Amy made in the opening of the report.Continue reading
As we look ahead to our continued human development, it is easy to focus on things like energy, transport, health, and food. Changes in these areas grow more evident by the day. But what about clothing? We rarely think of innovation in the context of what we wear, and for good reason: clothing has not really changed (except for style) in a long time. Clothing, however, is expected to change dramatically, according to a recent Article by Jared Lindzon. Advancements in manufacturing in four primary areas are the reason. Those advancements are increased connectivity; data; computational power; analytics; machine learning; artificial intelligence; human-machine interaction; and advanced engineering.Continue reading
Sustainability is not a new topic. The United Nations Sustainable Development Goals have been in place since 2015 and were adopted by 193 countries. At the heart of these goals lies our desire to advance our Human Development. We may be in a better position to do so now then we have in quite some time. In fact, History tells us that the last time we experienced a period of great human development spanned the century from 1870 to 1970. While there have been notable efforts to realize these U.N. goals, progress has been slow. Let’s take energy as an example. It is a big part of the sustainability story and the Future of Energy has been discussed for years. However, progress towards that future has been slow. That could all change in the next decade. Several forces are Converging to accelerate the path of energy. One of those forces is a shift in orientation to purpose:Continue reading
“The pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world.” Klaus Schwab – Founder and Executive Chairman, World Economic Forum
Way back in 2010 when I launched this Blog, its purpose was to focus on reimagining. What will the world look like in twenty years? Ten years into that journey, the word reimagine seems like the right choice. The quote above from Klaus Schwab captures it well. While the pandemic may indeed serve as a catalyst for reflection, reimagining, and an ultimate reset, we have been here before – only to return to the status quo.
In my ongoing search for signals that point to potential futures, I both stumble upon great insight, or am made aware of it. When it’s the latter, I wrestle with how much to share. I use the value of the insight as my decision criteria, and in the case of this smart city infographic, I am compelled to share. However, this insight (and all other signals) must be viewed through the lens of the current pandemic. What, if anything, is impacted as a result of changes in human behavior? For example, will the projections of mass urbanization hold, or will fear of living in dense areas reverse that trend – essentially serving as an obstacle? Does the city revenue shortfall accelerate the march towards a Next Generation of Productivity? Does a growing appreciation for science shine a light on climate change, thereby accelerating the focus on sustainability?
I recently dipped my toe into the Metals and Mining waters and walked away with the reinforcement that every industry is susceptible to disruption. There has long been a feeling that non-digital industries are safe from the power of disruption. In a recent piece on a New Economic Paradigm, this topic is explored in greater depth, questioning the long term viability of not just current industry structures – but the economic paradigm itself.
Disruptive scenario analysis should be a critical focus for every business across every industry. In addition, as these scenarios converge, the implications of this convergence to a given industry or industries must be understood. The anchor visual below identifies a number of scenarios to consider. Let’s take a look at disruption in the context of the Metals and Mining industry, as well as some possible industry responses.