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Digital strategy in a time of crisis

April 22 2020|By Simon Blackburn, Laura LaBerge, Clayton O’Toole, and Jeremy Schneider If the pace of the pre-coronavirus world was already fast, the luxury of time now seems to have disappeared completely. Businesses that once mapped digital strategy in one- to three-year phases must now scale their initiatives in a matter of days or weeks. In one European survey, about…

The Economic Consequences of Disrupted Global Supply Chains

For nearly three decades, global supply chains were the quiet engines of economic globalization. From 1990 to 2008, they drove the rapid expansion of trade, accounting for 60-70% of its growth. More than a decade later, however, they have stalled – and may in some areas be going into reverse. The COVID-19 pandemic has caused a supply-shock…

Managing the coming $30 trillion deficit while restoring economic growth

As they continue to grapple with a global pandemic, governments will need to manage deficits and debt-payment plans while finding the best ways to support economic recovery. Deficits worldwide could reach $9 trillion to $11 trillion in 2020, and a cumulative total of as much as $30 trillion by 2023. Governments will need to find…

As India and China clash, JFK’s ‘forgotten crisis’ is back

India and China’s deadly crash this week in the Himalayas is the worst crisis in their border quarrel since 1967. Pakistan is also a very interested player, watching the game play out just as it did in 1962 and hoping its rival India will be humiliated. The remote region where the clash is occurring is…

Coronavirus tracked: the latest figures as countries fight to contain the pandemic

The human cost of coronavirus has continued to mount, with more than 8.25 million cases confirmed globally and more than 441,300 people known to have died. With the World Health Orgainsation declaring the outbreak as a pandemic, the virus has spread to more than 200 countries. The Financial Times have provided an up-to-date visual narrative of…

Reopening the World

COVID-19 has shattered economies and societies around the world, upended government plans and business operations, and challenged the fabric of many communities. The effects are far-reaching, and leaders are seeking to understand how they reopen their countries and what are the lessons from other nations. Brookings’ latest publication discusses the reopening in several different countries,…

Coronavirus destroys jobs and worsens inequality, with or without full lockdown

The Coronavirus has plunged the world into the worst economic crisis since the Great Depression. But lifting lockdown measure may not rescue their economies to the degree they hope. Evidence from South Korea, which never shut private businesses, tells a cautionary tale. Taiwan and South Korea are also in midst of an economic downturn, although not as severe as…

The way back: What the world can learn from China’s travel restart after COVID-19

Countries and regions around the globe are gradually moving past the peak of the pandemic. With China’s COVID-19 lockdown over, travel is beginning to restart. Businesses remain cautious, but almost all offices, factories, schools, and retail outlets have reopened. A recent survey conducted by McKinsey showed that the first thing people want to spend money…

The future of Asia: Decoding the value and performance of corporate Asia

The recent pandemic has proven to be not only a public-health crisis but also a major disruption to supply chains, which may permanently change long-standing business practices. But Asia has come through crisis periods before and emerged stronger for it—and there is reason to believe it can do so again. Corporations in Asia have grown…