By Jez Heys and Annie Platts, Key Account Managers at GM Business Growth Hub.
As we step into 2025, the business landscape in Greater Manchester is poised for significant transformations. From the rapid advancements in artificial intelligence to the pressing need for robust cybersecurity measures, businesses must navigate a complex and dynamic environment. Here, we explore the key trends and predictions that will shape the future of business in Greater Manchester.
The AI Revolution
Artificial intelligence (AI) is transforming various industries. The launch of the UK’s fastest supercomputer and the government’s AI Opportunities Action Plan encourages businesses to adopt AI strategically. This technological advancement is expected to improve efficiency, foster innovation, and create new business opportunities. Companies investing in AI talent and incorporating AI into their operations will likely gain a competitive advantage. We offer fully funded AI workshops for businesses across a range of topics, whether you’re totally new to AI or use it regularly - Business & Network Events | GM Business Growth Hub
Cybersecurity: A Top Priority
As AI adoption increases, so do the cyber threats that come with it. Cybersecurity has become a top priority for businesses of all sizes. Protecting sensitive data and maintaining customer trust is essential. Companies must implement strong cybersecurity measures and ensure their supply chains are secure. Regular training and awareness programs can help employees recognize and mitigate potential threats, thereby safeguarding the entire business ecosystem.
Embracing the Circular Economy
Sustainability is no longer just a buzzword but a business necessity. The circular economy model, which focuses on reuse, recycling, and reducing carbon emissions, is gaining momentum. Stricter regulations in the UK are compelling producers to take greater responsibility for their environmental impact. Significant investments from the public and private sectors in sustainable technologies foster innovation in circular business models.
As consumer demand for sustainability increases, businesses must adopt transparent and accountable practices. Collaboration among governments, businesses, and non-profit organizations will be crucial for implementing effective circular strategies. Our specialist sustainability support, Green Economy is a great place to start or develop your green journey - Green Economy | business support to accelerate net zero
Workforce Evolution
The rapid pace of technological advancements highlights the importance of upskilling and reskilling the workforce. Businesses must invest in training programs to ensure employees have the skills to thrive in a digital-first world.
The focus should be on developing expertise in AI, cybersecurity, and sustainable practices. By fostering a culture of continuous learning, companies can create a resilient and adaptable workforce that is prepared to meet future challenges. GM Skills Map is an excellent place to find training opportunities in Greater Manchester.
Automation and Efficiency
Automation is poised to play a crucial role in enhancing business efficiency. Even small and medium-sized enterprises are increasingly adopting automation technologies to streamline their operations and reduce costs.
From manufacturing to customer service, automation can boost productivity and allow human resources to focus on more strategic tasks. Companies that embrace automation will be better positioned to compete in a fast-paced, technology-driven market.
Navigating Geopolitical Tensions
The geopolitical landscape constantly changes, and businesses must remain flexible to navigate these shifts. The re-election of Donald Trump has impacted US-UK relations, creating both opportunities for closer ties and potential conflicts in trade and diplomacy. Following Brexit, the UK’s relationship with the EU is still in flux, with ongoing trade and regulatory negotiations causing tensions. The UK’s approach to China, especially regarding technology and trade, requires a careful balance between economic advantages and security risks.
Furthermore, increasing concerns about energy security and climate policies will focus on the UK’s commitments to achieving net-zero emissions and its role in global climate initiatives. Advancements in AI and technology also raise cybersecurity concerns, highlighting the need for complex international cooperation to address these threats. Our inhouse International Trade experts can offer valuable guidance to businesses looking to better understand their global position.
Building Economic Resilience
Economic resilience is essential in today’s unpredictable global environment. To mitigate risks, businesses should diversify their supply chains and strengthen local production capabilities. By creating robust and flexible supply chains, companies can better endure disruptions and maintain operational continuity. Additionally, building strong relationships with local suppliers and partners can enhance economic stability and support regional growth.
Future Outlook
Looking ahead, businesses in Greater Manchester need to be proactive in embracing upcoming trends and predictions. By strategically adopting artificial intelligence, prioritizing cybersecurity, committing to sustainability, navigating geopolitical complexities, investing in workforce development, leveraging automation, and building economic resilience, companies can succeed in an ever-changing landscape. The future holds numerous opportunities for those who are ready to innovate, adapt, and lead.
Faced with the ever-changing geopolitical landscape and technological advancement, businesses in Greater Manchester don’t have to tackle the challenges alone. GM Business Growth Hub is here to support and help them thrive in the new year.
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