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COVID-19: Implications for business

No nation has escaped widespread disruption from the COVID-19 pandemic, but some have fared better than others. This McKinsey & Company report examines the state of the recovery in some of the emerging Association of Southeast Asian Nations (ASEAN) countries—Indonesia, Malaysia, Philippines, Thailand, and Vietnam—that began the crisis at a disadvantage and have suffered disproportionate effects.…

COVID-19 and climate change expose dangers of unstable supply chains

With the world undergoing its second “once in a generation” disruption in 12 years, a reappraisal of supply chains is in order. The COVID-19 pandemic has revealed how fragile lengthy, complex supply chains can be—and how much society has riding on their continued smooth functioning. In recent decades, global supply chains have evolved in ways…

Reimagining emerging ASEAN in the wake of COVID-19

Larger, developed nations have generally had the resources and infrastructure to weather the global pandemic and provide a solid foundation for recovery. Less-developed countries, including emerging ASEAN (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) began the crisis at a disadvantage, and COVID-19 exposed and often heightened their challenges. McKinsey has conducted research on emerging ASEAN countries…

The weak dollar: why it won’t be replaced as global reserve currency

Stock markets have been very strange this year. We witnessed the fastest sell-off in history between February and March, with the S&P 500 falling more than 30%, only to enjoy the best recovery ever, reaching an all-time high on August 21. Institutional investors and especially pension funds have gone from panicking to completely reconsidering their long-term asset allocations. What…

Preventing future waves of COVID-19

When history books one day recount the COVID-19 pandemic of 2020, it may well be a tale of human ingenuity and adaptiveness. Although the novel coronavirus (SARS-CoV-2), the virus that causes COVID-19, has infected more than 24 million people and left more than 800,000 dead as of this writing, the early projections of mortality were much…

Let’s end the COVID-19 blame game: Reconsidering China’s role in the pandemic

Jamie Horsley – Brookings Institution According to U.S. Secretary of State Mike Pompeo, “today we’re all still wearing masks and watching the pandemic’s body count rise because the CCP [Chinese Communist Party] failed in its promises to the world.” This was the most prominent recent example of the Trump administration blaming China, particularly the Chinese Communist Party, for…

South Korea on Top Again

Aug 18, 2020 JIM O’NEILL Project Syndicate On August 11, the OECD signalled that it would be revising its 2020 real (inflation-adjusted) GDP forecast for South Korea from -1.2% to -0.8%, adding to the confidence that the country is faring better economically than any other OECD member. On average, the group’s 37 member states are projected to experience a…

Reimagining industrial supply chains

By virtue of COVID supply-chain fragility has been top of the news. Government-imposed orders to stay at home, international and domestic travel restrictions and the need for physical distancing have stretched supply chains and laid bare the key bottlenecks in products’ value chains. Shortages have occurred in areas ranging from basic grocery items to electronic components.…

How six companies are using technology and data to transform themselves

A study referenced in the popular magazine Psychology Today concluded that it takes an average of 66 days for a behavior to become automatic. If that’s true, that’s good news for business leaders who have spent the past five months running their companies in ways they never could have imagined. The COVID-19 pandemic is a full-stop on business…