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 vietnam is 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 initial after my street weeks working from home today is the 1st day that i come to that the plant very happy and its also very happy that so far that but its 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. And thats why the consumption of products and services probably slow down as well and we need to also 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 to christies 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 there is 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 this and 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 micro 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. 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 put every single available hour 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 we very strong people means really 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 hotspot of the pandemic in our Business Plan is intact jobs have been preserved are not in danger. The Italian Health care 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. And easy to record you have a crisis is a tragedy but a crisis also has opportunities for those who are prepared with the right technology because you want to come to the garage not. The lockdown provides one of those opportunities for Matteo Esposito his 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. Here 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 start up 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 system 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 an 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 trails the silk road became one of the 1st. 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 removed 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 money 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 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. And 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 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 are in demand because theyre cheap but since the pandemic long supply chains are 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 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 motor 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 or philippine supply chain. Would have. To up the slovakian capital brother slava 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 site in their slovakia but also some of our other european flights even in the high cost part of europe that it is doximity to the customers and to reduce the time the last transportation to the cost most. Short supply chains are also good for responding to certain 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 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 headquarters will still be ordering a lot of components from asia not least because many of them are no longer sure. 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. 80 percent of the parts for the multistory came from asia but aims to reduce that proportion to 40 percent to reduce its dependence the coronavirus pandemic has shown everyone just how risky globalization can be. Time 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 german futurologist Tristan Hawkes is a big believer that the pandemic offers opportunities but i his forecasts too utopian. The can grow new virus is changing everything the world will never be the same again we hear that a lot but what does that really mean. These are the noises that are no longer abstract fear factor. The pandemic has triggered fare 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. Thus far and that the value will change how we perceive and deal because right seems even ones that seem somewhat removed from 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 trying to gain. Those facts to 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 time softer factors will feature more in the economic equation in virtue of lots of factors like satisfaction and contentment with even hard work. 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 must 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 of markets like this one and. Farmers and producers from the surrounding areas 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. Now this is. Im not 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 a fast paced and hectic noise and time pressure can be constant companions Many Companies used to insist that 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. Why is home office suddenly being seen as a new panacea for all ills thats 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 Lawyers Trust that their staff arent just relaxing at their companys expense i think in a years time that trust will have grown a good start. And you said you have to stick to suggest to work ive really enjoyed working outside the office. This is only one drawback. I mean why fly. With 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 sound forks 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 lockdowns that 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 the finance triangle once his start up to be a big player and not just in nigeria. 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 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 safety net for myself because we have a business that is the wrong primarily built around best meant. For 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. 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. 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. We think its going to people like me journalists and which is you know you dont have to see like half of the time to communicate so i 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. Be a new normal price for that though is that sri lanka now meets even his friends online at least until the bossier open again. And you know nice to have you along here on d w c. Made a big ask you again version. Good. Good. Good good. To come. To the conflict zone to sebastian indias government is in the firing line this time of the brewers accused of 5 me coming with corrupt footballers from lying about abusive awful business on truth im Chinese Forces in the fog my guest this week from new delhi is seduction sure made me a member of the alpha house of columns of the National Spokesperson for the. Conflicts the food the food ducks the name illegal and expulsion. And theyre not a shot of what keeps hearing about the dollar she wants for a refugee in a dome and i say shame reason and the time. They can die there and we have no one migrants tell us its very troubling. She set out to investigate. Focused on europe. In 90 minutes on d w. A male come to talk about the 2nd season on the front of the planet on the brink. Old Disaster Relief good long interview experts about one question will be changed to explain the difference. In the. Climate change. Their suv. Good. Morning to years do they have their future. Deep blue dot com african megacities the you can get. A clear cut or. Frank food. International gateway to the best connection self in the road and rail. Located in the heart of europe you are connected to the whole world. Experience on standing shopping and dining offers triallists services. Biala gassed at Frankfurt Airport city managed by for bought. This is the wu news of live from the International Community response to beijings tightening grip on hong kong taiwan is among the growing list of nations offering to help on call most seeking to leave the territory we asked taiwans representative to germany about fears that its been it. Also coming up. Its been a cathedral a mosque
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