What's interesting this week...
Develop Impact - Issue 139
Hello friends!
Hoping everyone has an awesome 2023!
Today, I am sharing with you another five articles that I found informative and thought-provoking. I believe these resources could be of great value for your current or future projects.
This community is all about learning, sharing, and growing together. If you have any interesting resources or thoughts to share, please let us know. Let's continue to use technology for the greater good.
Happy reading!
Jesse
What’s interesting…
Can automation pull us through the global labor shortage?
The world is facing a worker shortage across mature and developing economies. This has serious implications for the global economy. In developed economies, the generational bulge of Baby Boomers is aging out of the workforce and moving into retirement, leaving fewer people available to fill newly vacant roles.
The World Economic Forum is doing about blockchain in supply chains. The problem of worker shortages is threatening a variety of industries, including food processing, construction, and agriculture.
Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos, and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.
Due to the lower labor costs in Southeast Asia, coupled with the abundance of mineral resources, a large number of foreign companies have set up mining enterprises in Southeast Asia in recent years. The publisher expects that in 2023-2032, more and more foreign companies will set up the tin and other mineral mining enterprises in Southeast Asia, and Southeast Asian mineral exports are expected to continue to rise.
A waste-to-energy plant being built near Kampol Wadnoi's village in Thalang, Thailand, was presented to the community as modern and clean but is facing pushback from local communities and environmentalists across South East Asia.
Waste-to-energy plants burn household and similar waste to produce energy, which can be used for district heating, cooling, or industry. However, there is active pushback from local communities and environmentalists in Thailand and two other key markets.
Powering finance: Digital transformation of an ‘always on’ industry
The financial services industry has been a frontrunner in technological innovation, but technology has been propelled to the top of financial institutions' list of priorities as customers demand seamless digital experiences and regulators require constant access to industry data. Technology is now about how clients experience the bank, says Mike Dargan, group chief digital and information officer at UBS.
Underpinning the financial services sector's transition to an "on-demand" data and services industry is cloud computing, which is often provided by the cloud service arms of Microsoft, Google, and Amazon.
The rapid adoption of cloud services is creating demand for entirely new technology roles, from cloud engineers to migration specialists. To address talent gaps, both cloud services providers and financial services companies have developed in-house training initiatives, rather than relying only on external recruitment.
Client expectations for seamless digital experiences and fintechs' determination to carve out a piece of the financial services revenue pie are likely to accelerate the adoption of technology and cloud-based tools and services.
What you need to know about the EU's new decarbonization plan
European Union Member States and the European Parliament have agreed to the world's first Carbon Border Adjustment Mechanism (CBAM) - a tariff on carbon-intensive products, such as cement or fertilizer. Even though CBAM's implementation is still being worked out, we at least know its scope.
The new levy would prevent "carbon leakage" by encouraging manufacturers to "green" as much of their processes as possible. Countries with domestic carbon pricing regimes equivalent to the EU's would be exempt from buying CBAM certificates.
The CBAM will initially cover several specific products in some of the most carbon-intensive sectors at risk of "carbon leakage". It will eventually include plastics and chemicals, and all sectors covered by the EU Emissions Trading System by 2030.