There is a growing gap between demand and supply in various industries globally. The demand has fallen across many sectors which translates to no new projects for businesses which leaves them with no other option but to layoff employees to remain operational in business. In these scenarios even relatively bigger corporations undergo mergers and acquisitions. The competition for acquiring new clients will increase.
The upside for consumers is a better deal on products or services offered by the producer. The businesses which are not able to sustain the pressure have to work out new strategies to selectively collaborate with other businesses to establish a symbiotic relationship. There is ample scope for innovative business strategies and leveraging the digital tools, technology to not just survive but to grow the business exponentially.
What about job search and graduates entering the job market this year and next year ? This is an opportunity for you all to collaborate not just for getting a good job offer but to think big. You can work in small groups to come up with innovative business solutions and explore alternate career options. The best way is to reach out to start-ups who fired employees recently and help them rebuild the company. In this process your learning is your earning. This might lead to a new job and add relevant work experience to your profile. The key is to identify and make the right move, in other words 'collaborate'!
