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Population growth: a challenging future for the industry

On the occasion of World Population Day commemorated on 11 July under the motion: Unleashing the Power of Gender Equality: Making the voices of women and girls heard to unlock the infinite possibilities of our world.

We want to focus in this article on the impact of population growth on industry, bearing in mind that as the world’s population grows, there is a greater demand for goods and services in general, the extraction of resources becomes much more intense to maintain supply.

One effect is the growth of various industries, such as food, construction, automotive, electronics, among others.

There are challenges and challenges implicit in these figures. According to the United Nations, in 1987 there were 5 billion inhabitants, 36 years later the figure grew exponentially to 8 billion and the world’s population could peak at 8.6 billion by 2050. According to data from the National Institute of Statistics and Geography (INEGI) in the last 10 years, we have experienced a 30 percent increase in the population of Queretaro, which has now reached 2,368,000 inhabitants.

Demographic projections reach the economic and industrial spheres worldwide. Businesses must adjust their production and supply to meet the needs of a growing population.

While the impact will depend on the context of each country, factors such as the socio-economic level, as well as the availability of resources, will have to be taken into account.