Forward Janesville - TheReport - Fourth Quarter 2019

10 • W W W . F O R W A R D J A N E S V I L L E . C O M The Age of Exponential Innovation Founder and CEO of the Pendio Group Todd McLees gave the attendees of the 2019 Rock Regional Business Expo Luncheon a fascinating look into the economy of the future. Here are some of his eye-opening data points: 88% Of the Fortune 500 companies from 1955 no longer exist. 40% of today’s Fortune 500 companies will not exist in a meaningful way by 2030. 3,700 Wisconsin-based manufacturers — 40 percent of our manufacturing force – will cease to exist by 2030 . Survival and success in today’s economy will not be reserved for the largest entities, but those that can best adapt. By 2030, 5 million more people will exit the workforce than will Join the U.S. Workforce. By 2022, 54% of all employees will require significant re-skilling, up-skilling, or new-skilling. To build the skills necessary, each employee will require an average of 101 days of additional learning.