Crisel R.

Sinoy
ABM201A

eLMS Group Work

INSTRUCTION: Research three (3) possible trends/future events that can affect your business.
Explain how these trends can affect the business.

I. Here are three possible trends/future events that can affect your business and how they
can impact your operations:

1. Increased consumer demand for sustainable and eco-friendly products: This trend can
affect businesses by requiring business owners to adjust their product offerings to meet
the changing preferences of their target market. For example, if you are a fashion
retailer, you may need to source more sustainable fabrics and materials to appeal to
environmentally conscious consumers.

2. Rise in online shopping and e-commerce: This trend can affect businesses by requiring
business owners to invest in an online presence and optimize their e-commerce
capabilities. For example, you may need to hire web developers and digital marketers
to create and maintain a user-friendly online store, as well as invest in technology that
enables smooth online transactions and efficient order fulfillment.

3. Introduction of new technological innovations: This trend can affect businesses by

necessitating the adoption of new technologies and processes to remain competitive.
For example, if you are a manufacturing company, you may need to invest in advanced
automation systems to improve efficiency and reduce labor costs.