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 are 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 its the 1st stay 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 of showing. 0 deaths. 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 our products and services probably slow down as well and we need to or so do new is that by just money in our sales. Then fast is a subsidiary of Technology Giant bin group and opened the 1st car factory in vietnam in 2019 the prestigious 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 bank or so supporting us a cost that a credit lie or you know with a better Interest Rate you know this kind of think so we walk with the bank thats been and will get through this and get 20 flight hours to the South East 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 has been has been so difficult on so many businesses banks Public Sector how they just seem to be completely flooded with requests for assistance. Or created a platform called squeaks 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 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 around 3 months and its supporting about 3. 00 to 4000. 00 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 on 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 quite a child back and easy. Every crisis is a tragedy but a crisis also has opportunities for those who are prepared with the right technology. Not. The lockdown provides one of those opportunities for Mateo Esposito is company 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 cannot reach their physical location we used to underscore the comfort and speed of our software but today Online Shopping is a necessity. 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 were trying to meet. A lot of. Inversion 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 the has also moved millions of jobs around the world and sparked fierce opposition regrowing environmental and social concerns the destruction of our planet the people whove been left behind. 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. In the 12th century several key port towns on the baltic sea formed their hands to promote trade with each other. In the late 15th century european for the americas and established colonies along with the slave trade that ensured. Their resources. In the 18th century britain as the new power at its zenith the British Empire compassed over 450000000 people a quarter of the worlds population then. As the 19th century got underway unprecedented technological advances went hand in hand with Industrial Revolution steamships and trains were invented over the following decades they know more of move goods to be carried further and faster than ever before new markets to. Trade tariffs and developments and ships technology boosted global comus even further. After world war 2 u. S. Companies expanded internationally their goods were welcomed in europe. So called Global Players emerged in the seventys and eightys these conglomerates many factor 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 digitalization globalization accelerated. Goods and services could be accessed almost everywhere. And with travel so easy millions of people became close and millions of migrants have been tracking the world in search of work and a better life. 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 pandemic has highlighted just how interdependent the worlds economies have become has globalization gone too far. Too after 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 the virus pandemic just that its shown the supply chains to be a liability of whats the alternative. These globe trotting components have come a long way they are in demand because theyre cheap but since the pandemic long 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 multi store 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 where weve managed to navigate our way through it all. The money we havent. 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 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 would have. To up in the slovakian capital brought a slab 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 the high cost part of europe that is. To the cost of us 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 firm on slovakia if the price they pay for the components roughly matches that of the engine made components. That is a continuous. Journey on automation and utilization of our. Business if we are focusing on the. Without a mistake 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 made 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 in 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 driving cars. Until now 80 percent of the parts for the multistory came from asia but between aims to reduce that proportion to 40 percent to reduce its dependence 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 to start hawks 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. Fees and license are no longer abstract they affect us all. The pandemic has triggered fair 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 very beneath germany futurologist to stand hawks is optimistic. Thus far in that the value would change how we perceive and. Even ones that seem somewhat removed from Growth Growth and more growth thats been the mantra of recent decades faster that or an above all more but surely we cant go on like this stunt walks questions growth based solely on maximum financial gain. Those facts from 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 forced on us and i mean its quite possible that only years try softer factors will feature more in the economic equation in virtue of factors like satisfaction and contentment 2 or 3 even. I myself live in a Consumerist 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 live where farmers and produce. Is 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 not out of necessity but simply because thats better for the consumer and the environment on food. Sounds good its also a big stick and its easy to say that when you live in an affluent country like germany. Now this is a bush 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 peoples work life is fast paced and hectic noise and time pressure can be constant companions Many Companies used to insist that 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. The home office why is 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 to hire your lucky you get to work from home. And home office. To be fixed the mission is mostly factories trust republic Lawyers Trust that their staff are just relaxing at their companys expense and i think in a years time that trust will have grown a good start. And you said you have to stick to a desk to work ive really enjoyed working outside the office. Theres only one drawback. I mean why fi is from but 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 sound. In many other parts of the world the coronavirus is making problems for us. If we just been lucky. 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 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 and i am the one who found the finance triangle once it started to be a big player and not just in nigeria. We have grown by transaction. 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 in terms of trends actions 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 vestment it was just 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 investing. Section one because office nigerias biggest city in lagos. The urban 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 who 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 june the pandemic is driving even more people to invest their money online the Digital Economy is essentially a culprit when a. Thing is going to people like. Which is you know you dont have to see like half of the time to communicate so i still think like will 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. Teleconferencing is like here to stay just me and you know my price for that though is that sri lanka now meets even his friends online at least until the bossier open again. You know nice to have you along here on d w c big show made. Ill see you again version. After. The point of strong opinions clear positions of International Perspective such. Coronavirus continues to spread relentlessly and is the core who are suffering most both in better off industrialized countries and in the global south so how should the International Community respond to join me and my guess song to the point short flying. To the point. Of being 30 minutes on t w. Might. Like. To. Do different she paints me. Like im a. Fascination of those who look at me. The secret of mona lisa. In 75 minutes on t w. Are they friends. I wanted to be with you and i should try to steer toward you which it was the medium pull from up in that mission is to change the course are they not enemies would be to the finished of the p. C. With computer shell push the bill with his usual but hes going to go give me an emmy award for righteous donald trump unfunny mere putin were to torture a few men treat analyzes the difficult relationship between russia and the us and between their president s how does their lives only and their dangerous mutual admiration affect the rest of the moral issues and police trump and putin starts august 3rd on d w. We can start rewriting the software of simple bacterial cells. Were not creating life graphs were rewriting will you have a program for all the software or do you know all of us will we can redesign the theyll have Different Properties i dont have a clue or will be important to changing the amino acid copies or from the appropriate could give us a better person. To serve using fossil fuel. To bake plaster. You could have by quarter of a cent the size of the ball field of the lake never. Left were just learning this is a new thiel. This is news and these are top stories. Prominent hong kong activist nathan law has called on world powers to stand up to chinas increasing authoritarianism he fled hong kong up. Beijing oppose a sweeping new security law on the city. Ethiopians have paid their respects to the popular protest singer. At a crowded funeral at least 80 people died during 2 days of protest following his murder by an unknown
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