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The Long View: 4 Mega Trends to Watch in 2024

In today’s rapidly changing world, innovation is a key driver of success for companies. As new technologies and trends emerge, businesses need to stay ahead of the curve to seize opportunities and transform their industries. In this article, we will explore four mega trends that have captured our attention and have the potential to reshape multiple industries. By taking a long-term perspective, HNWI and expat investors can position themselves to benefit from these trends as they continue to develop over time.


The Future of Tech: AI Revolution and Its Impact on Industries


Artificial intelligence (AI) has become a focal point of interest for investors in the tech industry. While AI is commonly associated with generative chatbots, its impact goes well beyond that. AI-powered robots are poised to have a significant economic impact across various industries, including homes, factories, and hospitals. Companies like Amazon have already made significant advancements in using AI-enabled robots to improve efficiency and productivity. For example, Amazon’s “Sparrow” robot can now pick and pack two-thirds of the products in a typical warehouse, reducing the time needed for each pick to just seconds.


The field of healthcare is also leveraging AI and robotics to enhance surgical procedures and diagnostics. The combination of AI and robotics has the potential to improve success rates and patient outcomes. While early stock market winners in the AI field have been concentrated in the tech industry, the benefits of advanced robotics are expected to spread across a broader range of industries. Investing in companies at the forefront of using advanced robots to improve client experiences, efficiency, and profitability could be a strategic move for long-term investors.


The Future of Healthcare: Breakthroughs Beyond Obesity Drugs


While obesity drugs have received significant attention, the healthcare industry is experiencing innovation across various areas. One rapidly advancing field is cell therapy, which involves modifying cells outside the body and then infusing them back into patients. This approach has already shown promising results in treating certain blood cancers and is now being explored for diseases like diabetes, liver disease, and heart failure.


Gene therapies are also revolutionising the healthcare landscape, offering new opportunities for pharmaceutical and biotech firms. Companies like Alnylam Pharmaceuticals are leading the way in gene “silencing” techniques that selectively suppress genes associated with certain diseases. Additionally, the progress in gene editing systems, such as CRISPR, is particularly exciting. Boston-based biotech Vertex Pharmaceuticals recently received approval for a CRISPR-based therapy to treat sickle cell disease, marking a significant milestone in the field.


While there are still hurdles to overcome for widespread adoption of these technologies, the future of healthcare holds great promise. Significant value creation opportunities are expected in the next decade as breakthrough therapies and treatments continue to emerge.


The Future of Trade: Shifting Trade Winds and New Market Opportunities


Global trade and supply chains have been subject to shifts and disruptions in recent years. Rising geopolitical tensions and logistical challenges during the COVID-19 pandemic have forced many companies to diversify their supply chains, leading to emerging markets like India, Southeast Asia, and Latin America benefiting from new trade partnerships and opportunities. This trend is expected to continue, with Mexico being a prime beneficiary of nearshoring.


As companies diversify their supply chains, new winners will emerge in various industries. Construction and materials companies will be needed to build new facilities, while real estate developers will have the opportunity to attract customers in different locations. Nimble multinationals that embrace diversified supply chains may gain a competitive edge over competitors who are slower to adapt.


The Future of Food: Innovations in Agriculture and Beyond


The world’s food system is undergoing a transformation, with companies exploring innovative solutions to revolutionise agriculture and related industries. Precision agriculture, which utilises high-tech tools to grow crops more efficiently, is one trend that is gaining traction. Farmers equipped with cutting-edge technology and machine learning capabilities can make smarter decisions in the field, leading to increased productivity and reduced environmental impact.


Beyond precision agriculture, other areas of innovation in the food industry include seed innovation, regenerative farming, and alternative proteins. These developments hold promise for addressing food security, sustainability, and health concerns. While the agricultural cycle requires patience, long-term investors should keep an eye on these multi-year shifts that have the potential to reshape the industry.


Conclusion


In a world of rapid change, it is crucial for HNWI and expat investors to take a long-term perspective and stay ahead of emerging trends. The four mega trends discussed—the AI revolution, breakthroughs in healthcare, shifting trade winds, and innovations in food—have the potential to transform industries and create new opportunities for investors. By staying informed and strategically positioning their portfolios, investors can benefit from these mega trends as they continue to unfold in the coming years.


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This content is for informational purposes only and should not be considered as investment advice. Investing involves risks, and HNWI and expat investors should consult with Bespoke Financial Advice before making any investment decisions.

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