Key developments in global scholarly publishing: Negotiating a double‐edged sword

Abstract Over the last few years, the publishing industry has experienced significant changes and developments, most of which have had a positive influence on scholarly publishing. For instance, the gradual popularity of open access publishing has contributed to the wider access and readership of published materials. Also, the recent development in the abilities of artificial intelligence (AI) tools to assist in the publication process is laudable for its potential. The gradual shift from print to online publication is also a commendable development in global publishing. Not without their own challenges, these developments, among others, have mostly impacted global publishing in a positive way. In the current study, the researchers' argument stems from the notion that although these developments are invaluable, there are accompanying impediments that publishing professionals as well as publishing outlets must consider. In response to these developments, role‐players in the publishing industry must constantly reassess their publishing processes in order to carefully manage and negotiate what is termed by this study as a ‘double‐edged sword’ (capable of having positive and negative consequences). This study reviews existing studies, draws views from publishing experts, and seeks opinions from scholars to establish methods of negotiating some of the key developments in global publishing.