Now supply chain disruptions are regular occurrences across the globe. Averaging across industries, companies can expect supply chain disruptions lasting a month or longer to occur every 3.7 years, and the most severe events take a major financial toll.
China’s financial services industry is transforming at a rapid pace. Chinese policymakers have committed to opening domestic capital markets, which will create opportunities for Chinese individuals and investors as well as domestic and global financial institutions.
A creative Open Innovation strategy promotes a mindset for collaboration that is counter to the ‘closed silo’ approach of most legacy organizations. That said, the benefits of increased openness are apparent. Open technology ecosystems have driven ongoing cooperation in the Global Networked Economy.
Estonia built one of the world’s most advanced digital society long before the COVID-19 pandemic, providing services such as electronic voting, online learning in schools and digital healthcare. Estonia’s success is about much more than technological innovation.
Explore the World Economic Forum ‘2020 Technology Pioneers’. From artificial intelligence (AI) to carbon capture, this year’s cohort is using innovations to protect the climate, improve healthcare and much more, helping us to reset society and build towards a better future.
In addition to the human curation by the Forum’s unique expert network, Strategic Intelligence uses the latest in artificial intelligence technology in order to curate the most relevant publications, videos and data visualizations, as well as identify emerging trends and themes.
Within the United States and Canada, overall e-commerce orders have increased by 129% compared with last year. Similarly, the digital payments market is now expected to grow this year by 11% worldwide and as high 15.9% in places like China.
“Having reminded many companies of the vulnerabilities of global supply chains, both the pandemic and the trade war between the U.S. and China could lead companies towards a more domestic approach to production and sourcing, which might result in a sustained reduction of global trade.
“Digital payments are limiting in-person transactions and ensuring consumers can buy essentials from the comfort of their homes. Ramped up e-commerce initiatives are also helping small businesses keep revenue flowing during an uncertain time.”
“After workers retreated to their homes, companies began desperately trying to shed office space. Getting rid of empty desks seems like an easy way to save cash as the economy collapses. Office real estate is already plunging in value as employers try to renegotiate their rent contracts.”
via The Atlantic