Yet even as they walk through the valley of the shadow of death, chief executives and corporate strategists are beginning to look to the post-covid world to come. What they think they see, for good or ill, is an acceleration.
China’s government may encourage its state-owned firms to go global by buying distressed car companies in Europe. The share price of Daimler is less than half what it was when Geely, a Chinese carmaker, bought a 10% stake in 2018. Car companies may also see offers from technology giants keen to improve co-operation between metal bashers and the engineers of autonomy—currently wary at best.
Take China and its supply-chain primacy first. By 2017, when average Chinese manufacturing wages had become as high as those in the poorer parts of Europe, it was clear that the logic which saw a large fraction of the world’s supply chains pass through the country needed re-examining. The former boss of a big American company’s Chinese operations says that in the past few years the trade war and other risks of business disruption saw many global firms seek to reduce their dependency on China.
And the range of the changes information technology makes possible will only increase: that is the essence of the second current of post-covid acceleration. The growth of firms built on digital connections with and between hundreds of millions, or billions, of people, and which collect reams of cloud-based data in the process, was central to the bull market that met its end in February. That growth still has plenty of room to run.had more to offer them than they had realised.
. crucial
I worked on 26 floor bank, housing & mortgages has alot when HUD oversees for accuracies, then with Military on Staff, it went to War, the $ battles inside both Bank & Gov HUD. 2001, actual war seen w 4 Jets, some of my close family members died, I found BUSH but ATTACKED TOO,ill
Idk if this virus will lead to a depression but i do think it will set a new norm for the future economy
probably not a good thing
How liberty is strangled ~
apolyakova 🏆 “What people thought was a global supply chain was a Chinese supply chain,” says Mr Mahindra. The quest for supply chains independent of Beijing needs to go further, and deeper.”
STOOOOOOP!!!(;-:)
This is the correct time to take china out of UN Security Council.
This pandemic put everyone online, the more time that passes, people are realizing they didn’t need to go anywhere, when everything can be brought to your door.
Lets not consider that cause to exempt them from fair tax rates.
Let's stay positive be careful keep the hope alive have faith in first God then in human efforts
The great struggle is efficiency versus robustness. We have emphasized efficiency for so long that robustness is almost extinct, and we are paying the price for that choice. We should not save those who chose efficiency
Very terrible situation now
Technology was already reinventing businesses. We didn’t need to be put under house arrest to explore these opportunities 🙄
Lots of possibilities for reinvention. Pessimist will be left behind.
realists see the obsession with profitability as destroying the planet and killing millions
Inefficiencies = resilience. Building fragile systems optimised for profit which is then siphoned off by the owners, and then expecting socialist bailout when it fails, is not a sustainable economic model.
The only invention we need is Made in Anywhere but China