The global economy has been in a recession since 2008. Although it appears that we are through the worst, there is still plenty of fighting left to be done. The world of finance and business has been turned upside down, and because of that, there have been many changes.
People have lost their life savings and beyond due to the financial collapse of the past few years. Things that we took for granted like our Jaloezieen and designer shoes now seem insignificant when we are fighting to keep our jobs and feed our children.
Businesses worldwide have had to change the way they do business. In order to keep their finances in check, many companies have had to radically change their business model in order to stay relevant. Because of this, many companies have gone bankrupt or had to lay off massive amounts of their work force.
These trends are very common, especially when the economy is in a state of depression. The world economy has its ups and downs, it is a cycle that will always happen. What we did not expect was for this recent down period to be as long, or as harsh.
Business and finance have to adapt, if they do not then the stale companies will be pushed out, and new ones will prevail. These trends are indeed cyclical, which is why businesses have to be prepared for the worst.