Globalization for the rapid spread of the coronavirus globalization is a trap we had bought into a system of Global Networks until that menacing microbe came onto the scene the virus and strict quarantine measures have a profound effect on nearly opus is 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 for us 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 carmaker 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 initially after my street weeks working from home today is 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 one that 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 do is that 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 demand is talking about c. L. Providing support and funds the banks are or so supporting ours a cost that a credit lie or you know with a better Interest Rate thats gotta think so we walk with the bank thats partners and will get through this to get 20 flight hours to the South East South africa here you can wait a long time for help from the state. 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 has been has been so difficult on so many businesses banks Public Sector hell they just seem to be completely flooded with requests for assistance. Or created a platform called sweeps out it provides domestic help mostly by formerly 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 tender jumped into action with a number of on waste as one of the. 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. 00 to 4000. 00 woman 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 in disinfection products on its website but will that keep it afloat. What i can say is that were going to put every single available our all of our efforts all of our energies into trying to make sure that we are able to protect the business protect our employees but again i think as entrepreneurs weve 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 fossils and other businesses. The crisis is presenting opportunities for some companies in italy of all places it was an early hot spot of the pandemic in our Business Plan isnt tucked jobs have been preserved on are often 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. But you have a crisis is a tragedy but a crisis also has opportunities for those who are. With the right technology. The lock down provides one of those opportunities for a. Company the firm develops Virtual Reality software with a focus on Online Shopping. And business is booming. Companies are finally realizing what it means when people cannot reach their physical location. But today Online Shopping is a necessity. Shocking to hear every day about hundreds of deaths we were very worried about others during the crisis has been a positive challenge that were trying to meet. Version is only a small startup but the coronavirus could be a big. Globalization isnt anything new it has its origins in trade routes but more recently it seems 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 still has also moved millions of jobs around the world and 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 back is a historical look at how globalization came about. Some 10000 years ago chinese and Indian Traders 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 routes for. Gold and silver. In the 12th century several key port towns on the baltic sea formed the hanzi assoc league to promote trade with each other. In the late 15th century europeans set sail for the americas and established colonies along with a slave trade that ensured cheap labor to exploit their resources. 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 underway unprecedented technological advances went hand in hand with the 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 do that. We 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 complements 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. Nationalism is on the rise. And the coronavirus endemic has highlighted just how interdependent the worlds economies have become has globalization gone too far. To add to 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 across a virus 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 they were in demand because theyre cheap but since the pandemic along the supply chains are now seen as a liability. In germany assembles them into its a multi store data storage machine unusually 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 there assembled in china in Center 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 we saw an indian supplier drop out we were able to fall back on a replacement supplier in china that way weve managed to navigate our way through it all. Now the Midsized 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 multistory. Units many people and 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 an indian chinese or philippine supply chain. Indication. The slovakian capital promise a lot of lies in the center of europe its a mere 750 kilometers away from 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 5. But also some of our other european sites even in a high cost part of europe that is this doximity to the customers and to reduce the time the last transportation to the cost. Of short supply chains are also good for responding to sudden increases in demand. But the multi store 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 told us on that is a continuous. Journey on automation and. Our. Business if we are focusing on. Without a message 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 headquarters will still be ordering a lot of components from asia not least because many of them are no longer in europe. Its simply not possible to become totally free of asian production. Thats weird nobody. 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 indian thailand philippines or. Until now 80 percent of the parts for the multistory came from asia but the p. T. T. Aims to reduce that proportion to 40 percent to reduce its dependence on the coronavirus pandemic has shown everyone just how risky globalization can be. To look forward at how covert 19 is changing our lives and the way we work and if some of those changes are here to stay german futurologist Tristan Hawkes is a big believer that the pandemic offers opportunities but are his forecasts to utopian. The coronavirus is changing everything the world will never be the same again we hear that a lot but what does that really mean. Isnt the crises are no longer abstract they affect us all. The pandemic has triggered fear around the world because we actually learn from this crisis. Then yeah if humanity were not able to learn from really major crises i wouldnt be here very beneath germany futurologist to stand hawks is optimistic. Was fair in that the value would change how we perceive and deal because right seems even ones that seem somewhat removed to get. Growth growth and more growth thats been the mantra of recent decades faster better and above all more but surely we cant go on like this to stand walks questions growth based solely on maximum financial gain. For 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 feel for fairness and i mean its quite possible that only years try softer factors will feature more in the economic equation of factors like satisfaction and contentment 2 or 3 even higher but. 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 and. There are other ways to shop for instance at markets like this one and where farmers and produce. From the surrounding area so fresh organically grown produce at 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. No this is the truth and i will be 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 staff 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 work change in the future. The home office why is the 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 behind youre lucky you get to work from home. And home office. To be fixed the mission is mostly factories trust public Lawyers Trust that their staff arent just relaxing at their companys expense i think in a years time that trust will have grown on a good start. And you said you have to stick to suggest to work ive really enjoyed working outside the office. Theres only one drawback. I mean why fi from what 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 stand. 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 or that could of course still change. Crucially weve learnt that we can all influence the future with our behavior thats a 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 lock downs 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 whats on the show like yeah im the one who found for finance trying to once his start up to be a big player and not just in nigeria. We have grown by you know in transactions. By about you know 300 percent. In only 3 months troeh finance is 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 now on to the business i think with more positive than negative people study. Or how can i have some reserve cash or how can i create a safe thinking for myself because we have a business that is around really built around vestment it was just not you know business to pick up because people think you were thinking about that and people were putting much more money towards thieving towards investing. Such a long because office nigerias biggest city in lagos. Near the middle classes are online and networks 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. Children here 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 what 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. I think. Right. Thats optimistic considering the number of covert 19 infections in nigeria nearly doubled in. The content 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 and which is you know you dont have to see like half of the time to communicate so i say 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. Teleconferencing is like here to stay just being you know mom the price for that though is that she lanka now meets even his friends on the line at least until the bossier open again. You know nice to have you along here on d w c in jeff made a bed for us youll get version. Good. Luck im going. To. Move. Into the conflict zone defense of indias government is in the firing line a moment of boredom accused of sodomy coming the coronavirus along about the use of fossil between its own interests and Chinese Forces in the faunal my guest this week removed our leaders sit down to survey the number of the awesome columns of the National Spokesperson the d. J. Cause looks good. 30 minutes doubling. My smile and. Nod to the things he paints me. To am. I close most close those who look at me oddly. My answer. I am an unsolvable riddle. The secret of the sun starts to my 3rd g. W. Are they friends that wanted to be with you thank you cards here good lord you wish it was lovely to pull him up in the tree news. For ours any enemies with the finish of the huge sewage seal pushed you over with misuse of the words hes going to go get me i never worked for a righteous donald trump and saddam youre putin now were 2 part complementary allies is the difficult relationship between russia and the us and between their president s how does their rivalry and their dangerous mutual admiration affect the rest of the world. Bullies trump and putin starts august 3rd on d w. How does a virus spread. Why do we panic and when well all miss. Just 3 of the topics and the weekly radio show is called spectrum if you would like any information on the coronavirus or any other science topic you should really check out our podcast you can get it wherever you get your podcast you can also find us at. Slash science. This is. The International Community response to beijings tightening grip on hong kong off to britains raises the states adolphus citizenship to millions of people in its former colony will find out what germany plans to do in response. Chinas controversial new security law for hong kong also coming up in. The u. S. As many 5000000 jobs in june as businesses reopen from lock down but the country is soaring coronavirus qantas threatening to slam the brakes on just hiring