The Power of Global Relocation: How Talent Mobility Can Shape the Future of Economies

Ease of moving

Mrs. Asma Qadah is a global citizen looking for a country where she can live and work as a digital nomad. The travel content creator is currently in Tunisia, having spent May in neighboring Algeria.

“I tend to visit a country and test its life for a few months, learn about the country and its regulations, infrastructure and people, and then decide whether to stay for a year or move on. next,” says the Malaysian national. who has visited thirty countries.

Even as the pandemic has entrenched tourism and relocation, people’s willingness to travel and commute for work has remained resilient and strong.

With borders reopening and most pandemic-induced restrictions lifted, the pace of global relocation has rapidly accelerated as countries emerge from the pandemic.

But moving to a foreign country is an often stressful, complex and multi-step process that requires a high level of involvement and commitment from many parties involved.

“As a digital nomad, sometimes it’s difficult to navigate a new country or region,” says the seasoned traveler.

“Of course, we have traveled a lot, but different countries have different requirements and it helps to contact staff or digital nomad companies to facilitate relocation, especially with family or pets,” she adds.

Relocation Technology, or ReloTech for short, has untapped potential to provide solutions for globally mobile talent like her. Representing just 0.1% of the US$32 billion global relocation market in 2020, ReloTech is significantly underrepresented compared to other sectors where technology adoption is more mature, such as EduTech and FinTech.

With the pandemic driving a new wave of evolution in migration policies, as well as a company’s strategic HR mobility policies, there is great opportunity and momentum for service providers in the global mobility industry to evolve and adopt more new business models and technologies.

The dynamics of global mobility are set to continue to evolve, fueled by advances in the fundamental redesign of what constitutes a “workplace” per se, as well as the shift of responsibility for relocation from companies to individuals at the recent years.

While these rapid changes can pose a serious challenge to some, they represent an unprecedented opportunity to leverage technology as a solution, as well as tap into the consumer market, Moovaz says.

Read Moovaz’s 2022 Human Mobility Report: Technology at the service of the movement of people here.