Virus and strict quarantine measures have a profound effect on nearly all businesses in many different ways for some its been a catastrophe especially the millions whove lost their jobs for others its an opportunity lots of bright ideas hatched during crises but that doesnt mean the process is easy Company Leaders in lockdown have been racking their brains for new ways of dealing with the new normal and trying to constantly adjust to a constantly changing situation. Managers around the world have been in crisis mode for months. Early 2020 the world is in lockdown. Our guys. They walk days and difficult is what we deal with all the time. Is the crisis good friends are probably. The coronavirus takes control of their schedules measures to fight the pandemic go straight to their bottom lines the i. M. F. Talks of the worst recession in a century at the end of april the deputy c. E. O. Of vietnamese car maker vin fast returns to the workplace from her home office i can tell you that im very happy that today is the 1st day that the locked out finished after my street weeks working from home today the 1st day that i come to that the plant very happy and its its also very happy that so far that outlet is doing a great job in controlling. 0 debt. In vietnam the fight against the virus seems to have been won but the economy has taken a hit many people of lost their jobs here to spying a new vin fast motorcycle or car now. The manager is very cautious when talking about the future of her business. The economy its slowing down. Thats why the consumption of products and services probably slow down as well and we need to or so do we stand by just money in our sales. Then fast as a subsidiary of Technology Giant in group and opened the 1st car factory in vietnam in 2019 a pristine project for the communist country and theres plenty of official support for the firm which is now also in the ventilator business. That woman is talking about c. L. Providing support and funds the banks or so supporting our its a cost that a credit lie or you know with a better Interest Rate thats gotta think so we walk with the banks thats been and will get through a bit to get 20 flight hours to the south east is south africa here you can wait a long time for help from the state. The various measures the government has announced to try and support businesses primarily small and medium sized businesses but i think because again the effect of lockdown is being has been so difficult on so many businesses banks Public Sector how they just seem to be completely flooded with requests for assistance. Are created a platform called sweeps out it provides domestic help mostly by formally unemployed. The curfews made business impossible the lock down was one of the most brutal in the world. Protests against the harsh anti coronavirus measures were frequent the social entrepreneur worries about how her workers will survive many fed their whole families on the income from the platform so pandora jumped into action with a number of im based as one of the in the key one being that the michael and susan Doll Foundation we were able to put together a fund to try and support the women who work on our platform and that fund will help to support them for 12 weeks or 3 months and its supporting about 3 to 4000 women every week with a small income that just helps to cover at least groceries. A planned expansion was stopped in its tracks as the Company Fought for survival now its selling household cleaning and disinfection products on its website but will that keep it afloat. What i can say is that were going to court every single available our all of our efforts all of our energies into trying to make sure that were able to protect the business protect our employees but again i think as entrepreneurs were very strong people mentally emotionally and im confident that well get through this and that at least some of it is going to present new opportunities for ourselves and other businesses. The crisis is presenting opportunities for some companies in italy of all places it was an early hotspot of the pandemic our Business Plan is intact jobs have been preserved are not in danger. The italian Healthcare System was devastated by the coronavirus many sick people died because they couldnt get help now many in the country and around europe fear the collapse of the italian economy. Every crisis is a tragedy but a crisis also has opportunities for those who are prepared with the right technology. Not. The lock down provides one of those opportunities for Matteo Esposito scum pany the firm develops Virtual Reality software with a focus on Online Shopping. And business is booming. Companies are now finally realizing what it means when people cant reach their physical location we used to underscore the comfort and speed of our software but today Online Shopping is a necessity. To change it was shocking to hear every day about hundreds of deaths we were very worried about others during the crisis but for us it has been a positive challenge that we are trying to meet. In version is only a small startup but the coronavirus could be its big chance. Now globalization isnt anything new it has its origins in ancient trade routes but more recently its in supply chains spread right around the world in a tangle of complex just in time production processes for goods manufactured step by step in various countries this is done has also moved millions of jobs around the world and spot fierce opposition there are growing environmental and social concerns the destruction of our planet the people whove been left behind but before we talk about what could be coming our way lets glance back is a historical look at how globalization came about. Some 2000 years ago chinese and indian trade is set out for the west and the more than 6000 kilometer long trails known as the silk road became one of the 1st Global Trading rates for food through and silver. In the 12th century several key port towns on the baltic sea formed the hands of the attic league to promote trade with each other. In the 15th century european set sail for the americas they stablished colonies there and squeezed everything of value they could out of them. In the 18th century britain emerged as the new global power at its zenith the British Empire encompassed over 450000000 people a quarter of the worlds population then. As the 19th century got under way and president a technological advances went hand in hand with Industrial Revolution steamships and trains were invented over the following decades they enabled more of move goods to be carried further and faster than ever before new markets developed. Over trade tariffs and developments and ships technology boosted Global Commerce even further. After world war 2 u. S. Companies expanded internationally their goods were welcomed in war torn europe the socalled Global Players emerged in the seventys and eightys these conglomerates manufactured their products in countries with low labor costs and taxes pressuring small and Midsized Companies to also relocate production abroad. Then Data Transfer picked up speed with the advent of computers the internet and the dawn of digitalisation globalization accelerated. Goods and services could be accessed almost everywhere. And with travel so easy millions of people became globe trotters and millions of migrants have been tracking the world in search of work and a better life. But environmental degradation and social inequality are increasing worldwide criticism of globalization has grown louder countries have put up trade barriers. The coronavirus pandemic has highlighted just how interdependent the worlds economies have become has globalization gone too far. To answer that well take a look at a european example in this next report a lot of manufacturers here rely on long supply chains that straddle several borders that puts them in a very vulnerable position if even one of the supply nations experiences disruptions of stoppages the coronavirus pandemic has done just that its shown these supply chains to be a liability of whats the alternative. These globe trotting components have come a long way theyre in demand because theyre cheap but since the pandemic supply chains are now seen as a liability. In germany assembles them into its a multi store data storage machine unusual the it stores data on magnetic tape fashion but with low Energy Consumption actually very popular the machines anatomy reflects the entanglements of globalization sheet metal pieces electric motors fans from around the globe. The multistory specialized connector cables have only come a short way from hungary but the electric motors came from india the fans were made in the philippines they were assembled in china incented germany along with numerous other parts all made in china. But the coronavirus pandemic has interrupted some of the companys supply chains. Obviously the coronavirus affects our supply chains some of the lock downs are still in place on what we saw in india and supplier drop out we were able to fall back on a replacement supplier in china and that way weve managed to navigate our way through it all. We have been. The mid sized Companies Looking to European Companies for components. The hope is that shorter supply chains will be more reliable the turnaround was prompted by a typical globalization debacle a few years ago a key supplier a u. S. Company relocated its electric motor production from the philippines to india because indian wages were lower but it took much longer than planned to get production up and running that meant no motors for the multi store. Units many people its not much use if i find suppliers in germany to replace my chinese suppliers if they source all their Raw Materials in china then im not really independent of asian suppliers. Im still just as reliant on. Indian chinese are philippine supply chain. In. The slovakian capital brothers lot of lies in the center of europe its a mere 750 kilometers away from b. Which is switching to a supplier there it wants the slovakians to supply a complex component for the multistory right now its still made in china but the slovakians take over next year. I think that the. Reason why we have certain success with our site in slovakia but also some of our other european flights even in the high cost part of europe that if this doximity to the customers and to reduce the time the last transportation to the cost was. Short supply chains are also good for responding to certain increases in demand. But the multistory makers will only go for a month slovakia if the price they pay for the components roughly matches that of the asian made components. What we focus on that is a continuous. Journey on automation and digitalization off of our. Business if we are focusing on that with automotive then maybe there will be a few workplaces left right now but the remaining ones will be so much more secure Going Forward that is a part of continuously making sure that we are competitive in the european context. But. Well still be ordering a lot of components from asia not least because many of them are no longer yours. Its simply not possible to become totally free of asian production. Only function in part. Because most of our components come from asia thats the big debate right now. A lot is made in south korea and china thailand in japan as well that means its only possible up to a certain point. But its not about saying we wont buy asian anymore whats important is that we dont simply rely on one asian country so that if youre having problems with sourcing things in china you can always fall back on thailand india and the philippines thailand philippines or 2. Percent of the parts for the multistory came from asia but aims to reduce that proportion to 40 percent to reduce its dependence on the pandemic has shown everyone just how risky globalization can be. To look at how covert 19 is changing our lives and the way we work and if some of those changes are here to stay futurologist Tristan Hawkes is a big believer that the pandemic offers opportunities but i his forecasts to utopian. The coronavirus is changing everything the world will never be the same again we have talked a lot but what does that really mean. These are the noises that are no longer abstract they affect us all. The pandemic has triggered fare around the world because we actually learn from this crisis. Then if humanity were not able to learn from really major crises i wouldnt be here then very. German futurologist to stand hawks is optimistic. Thus far in that the value would change how we perceive and deal because even ones that seem somewhat removed to get. Growth growth and more growth thats been the mantra of recent decades past or that or an above all more but surely we cant go on like this has done hawks questions growth based solely on maximum financial gain. And those tools the Growth Paradigm will change somewhat thats not to say growth will no longer be important but it will be different im going to 3 or 4 spenders and i mean its quite possible that only a years time softer factors will feature more in the economic equation in virtue of factors like satisfaction and contentment with reading. I myself live in a Consumer Society where everything is available in abundance acquiring the latest and greatest has become part of the western lifestyle and were used to paying reasonable prices for what is often produced in other countries follow wages under poor working conditions but when the coronavirus hit shopping as a past time was suddenly no longer an option. Mostly very last we live in a world where things are produced very cheaply in one region and shipped to another to be sold to we need this endless flow of goods im sure. There are other ways to shop for instance at markets like this one. Where farmers and produce. Is from the surrounding area so fresh organically grown produce its a slightly higher price. Im going to know what is my thinking is very clear as far as thats concerned theres a trend towards buying local again and not out of necessity but simply because thats better for the consumer and the environment. Sounds good but also a bit idealistic and its easy to say that when you live in an affluent country like germany. Now this is. I was going too far to say everyone will change completely but i do think weve all had a chance during this time to rethink our Consumer Habits and to consider whats really important and what was just drilled into us by advertising. Many people what life is fast paced and hectic noise and time pressure can be constant companions Many Companies used to insist the start be present during working hours even though many jobs could be done from home in the pandemic home office was suddenly the only option will our ideas about what change in the future. Home of. His home office suddenly being seen as a new panacea for all ills its long been a reality in many jobs but the problem is it was often seen as glorified leisure time for hire youre lucky you get to work from home i dressed in blue and home office. To be fixed to make a newsweekly factor is trust Lawyers Trust that their staff arent just relaxing at their companys expense because i think in a years time that trust will have grown on a good this doesnt. And he said you have to statistic death to work ive really enjoyed working outside the office. Theres only one drawback. I mean why fi is from tunis that i can and so obviously its not going to work with 3 small kids at home we need to see home offices just one option and not think that from now on were all going to work from home. So maybe work will be less hectic in the future but im not quite as optimistic as to some homes in many other parts of the world the coronavirus is making problems worse. If we just been lucky. Is it feasible all Things Considered things could be worse in this crisis that could of course still change. Crucially weve learnt that we can all influence the future with our behavior thats nothing new experience one that we should find encouraging. Another effect of the crisis the shift many businesses have made out of pure necessity to go online has been a surge in demand for all Things Digital spurred by lockdowns and mandatory social distancing of course that doesnt help businesses that rely on physical contact but if an Online Presence really does become the norm it means some companies will be able to reach more customers and profit through efficiency. My name is on watching the show and i am the one who found her finance. Or once his start up to be a big player and not just in nigeria. We have grown by you know. By about you know 300 percent. In only 3 months troeh finances an internet platform which enables small investors to take stakes in large markets buying shares and currency transactions for as little as 10. 00 and it only needs a smartphone the service is in great demand right now. Were not on the business i think with more positive than negative. Or how can i have some reserve cash or how can i create a safe thinking it for myself because we have a business that is the wrong primarily built around best meant it was just a natural for you know business to pick up because people think you were thinking about that and people were putting much more money towards thieving. Because office nigerias biggest city in lagos. The urban middle classes are online and networked here. Yet across the country 40 percent of nigerians still have to get by on less than a dollar a day. Coronavirus for these people is only one problem among many. Is one of the more privileged nigerians hes Done University studies and in 2014 set up his own business. The barber shop he goes to has reopened it used to be a lively place where people hung out to loud music but now hes the only customer. The main topic of conversation with the owner is the impact of the coronavirus. Well. You. Know. Thats optimistic considering the number of covert 19 infections in nigeria nearly doubled in. The pandemic is driving even more people to invest their money online the Digital Economy is essentially a culprit when. We think its going to people like a major lesson which is you know you dont have to see like half of the time to communicate so i still go back to normal but i still feel like at the same time that you know a lot of people would. Love all those things right and teleconferencing is like here to just be a new normal price for that though is that shoreline can now meet steve and his friends on the line at least until the bossier open again. And you know nice to have you along here on d w z. Made a bit youll get version. Low cost. Armstrong really walk on the moon. Isnt the earth really flat after all it does the government is just plain stupid reason us for a. Conspiracy theory spread like wildfire on the internet innocent conspiracy theories can provide comfort you dont like reality create another. Democracy of the gullible. Between hands on t. W. Or. We know this is a scary time for the coronavirus is changing the world changing our lives so please take care of yourself good distance wash your hands if you can date at how were d. W. B. For here for you we are working harder were going to keep you informed on all of our platforms were all in this again run together and when they can. Stay safe everybody stays in. Its a very safe stay safe place to stay safe. In the. Climate change legislation the turf of. Local. Senseless players want to tears today helpless their future. Such. As g. W. Dot com for. The mechanisms such are. Closely. Listening carefully to those soon to be sure its going to be a good player. Play to discover the. Play. Play. Subscribe to a documentary on you tube. The flame. Player. This is the news live from berlin a grim warning from the u. S. Governments top Infectious Disease experts. I would not be surprised if we go up to 100000. 00 a day if this does not turn around and so i am very concerned. Dr Anthony Fauci says the number of new Coronavirus Infections in the United States could explode more isnt done to contain the virus also coming up. Rooting out the far right germanys elite soldiers the k s k commandos are to be partially disbanded following reports