Business Challenges 2024: A UK Perspective

As we step into 2024, the world is facing an increasingly turbulent business environment aggravated by the rapidly escalating geopolitical tensions, exponentially growing commodity prices, surging trade wars, and ever-evolving market trends. The UK, in particular, is staring at a plethora of challenges that lie ahead for its corporate sector which demand immediate attention and development of proactive solutions. The prominent business challenges that need to be a priority focus for UK in 2024 include managing inflation, stimulating AI adoption, bridging the skill gaps in the labour market, and handling the transformative changes in the consumer and consumption dynamics, particularly with regards to Gen Z.