Select your location
Tractus Global
March 22, 2024
By 2050, the global population of those aged 60 and over is expected to double. As the workforce ages, the dwindling pool of young, able-bodied workers affects productivity and puts pressure on labor-intensive industries. If left unchecked, this will lead to rising production costs and supply chain disruptions across key industries, eroding the competitive edge of even the most attractive manufacturing destinations. Nations impacted by the demographic disruption must find innovative and equitable solutions to not only address the imbalance between a depleting workforce and the demands of the manufacturing sector, but also to sustain the health and wellbeing of their aging and vulnerable citizens.
Tractus’ Sarah Urtz and John Evans discuss the impacts of the demographic disruption and modern solutions for manufacturers and investors worldwide in our latest article for Site Selection Magazine.
Recent Insights
What Multinationals should know about Thailand Corporate Tax Rate Changes for 2025
New Johor SEZ promises Singapore+1 opportunity
Developing Countries Want More Than Just Cash From China
Thailand Corporate Tax Rate Overview and Global Changes Thailand’s proactive stance on implementing the Global Minimum Tax (GMT) ...
Stay updated and make informed decisions.
Global market trends | Economic performance | Financial updates | Trade analysis