What are megatrends?
When you see a news story about a new app sweeping the world, when the changing weather alters your insurance risk, or when you use your phone to do business in Southeast Asia – you are experiencing the impact of this century’s megatrends.
Megatrends are large, transformative processes with global reach, broad scope, and dramatic impact.
Companies, governments, and individuals use megatrends for long term planning, policy development, and even for making personal decisions.
The term megatrends was popularised by John Naisbitt, who in 1982 identified forces that were transitioning the world from an industrial society to an information society.
These are our six megatrends for the 21st Century:
- Impactful technology
- Accelerating individualisation
- Demographic change
- Rapid urbanisation
- Climate and resource security
- Economic power shift
Short-lived shocks like a pandemic or regional conflicts, while dramatic in nature, are not megatrends. Things like the metaverse, the gender pay gap, or even smart cities are not megatrends – although they may be part of a wider megatrend.
Nor are megatrends aspirational targets, like the UN’s Sustainable Development Goals. However, understanding the six megatrends is necessary to achieve the SDGs.
Megatrends are the fundamental forces shaping our world.
Understanding them can also inform long term strategic thinking, helping us to make better decisions for the future, today.
As individuals, megatrends can also help us to make better personal choices about where to live, how to invest, or even what career to pursue.
The six megatrends of the 21st Century are already underway.
We believe in open and honest access to knowledge. We use a Creative Commons Attribution NoDerivatives licence for our articles and podcasts, so you can republish them for free, online or in print.
Megatrends watch
Archive
Neon and chip shortages
This week: the world’s leading suppliers of neon are in Ukraine, and that threatens to make the ongoing microchip shortage even worse.
Agricultural productivity, sex education and gender equity: 5 times soap operas enabled social change
Soap operas, with their long and involved storytelling and large audience reach, can be uniquely positioned to enable narrative transportation.
Encanto, TikTok and the art of social storytelling: why music is not just for listening anymore
TikTok trends and challenges rely on music to help tell a social story, collectively told across many videos - which in turn is helping songs go viral.
New York Times gets Wordle
This week: we discuss the economics and business behind the New York Times’ decision to buy popular internet game Wordle.
Can ESG integration make investment responsible?
Study examines whether the integration of environmental, social, and governance ratings makes investment responsible.
Fake fact-checking and disinformation
This week: fake fact-checking videos take disinformation to a different level.
Mental wealth – the neglected force in national prosperity
As governments worldwide strive to restore business as usual, do we need to reframe our idea of prosperity?
Facebook: a troll’s paradise
What does it mean when a social network's algorithms favour anonymous groups bearing propaganda and misinformation?