The document discusses three major trends or "tsunamis" that will impact research and development in the future: 1) technological exponentials referring to accelerating change in technologies like computing power, 2) global demographics related to population growth and shifts toward younger populations in developing countries, and 3) climate change and the challenges of reducing carbon emissions. It calls for research organizations to understand how these trends could impact their work and to begin planning for the future research environment in 2025.