To connect and operate in a global organization and world, we benefit from the availability of much faster communication, smarter devices, and people who are multilingual with greater intercultural experience and empathy. The downside is the 'speed' at which we live and work. We need to be cautious about not wanting to chase short term profit, making the wrong decisions through lack of time or long-term vision. There is also the price pressure from both supplier and customer. And the need for a flexible business model that can bring more added value to customers.
A challenge, particularly for second and third generation successors of family run business, is to consolidate their business. It is often said that the first generation brings the foundation, the second builds the actual house, but the third one needs to keep it future proof. Yet, last but not least, there remains the big question on how to embrace the whole environmental/sustainability issue. This can make or break our industry.