Global Perspectives Amidst Pandemic for Family Businesses
1. China-led Globalization is Coming to an End
Talk to someone in politics or in the markets about the possibility of a second wave of coronavirus infections in the winter and they will all say if that happens, China is toast. Or at least in very big trouble with its Western trade partners. Those partnerships matter to China. They matter to the existing system of trade and finance even more. “They’re looking now at reducing their reliance on China and want to hedge their risks. To do it, they have to go somewhere else.”
https://www.forbes.com/sites/kenrapoza/2020/05/21/face-it-china-led-globalization-is-over/
2. How Family Businesses Can Respond to the Pandemic: Collaboration, Openness and Sharing the Burden
Today’s pandemic crisis is turning everyone’s world upside-down in ways that couldn’t have been anticipated just a short time ago. After a half-century of observing and sometimes resisting the increasing pace of change and the many innovations disrupting our behavior, we are now encountering a situation that makes it impossible not to change. Every business, large and small, is feeling threatened, and every family faces deep challenges just to stay afloat. The uncertainty and inability to control makes us anxious. And when we’re anxious, we can do impulsive, short-sighted things.
https://www.forbes.com/sites/dennisjaffe/2020/03/24/how-family-businesses-can-respond-to-the-pandemic–collaboration-openness-and-sharing-the-burden/
3. Consumer Organization and Operating Models for the Next Normal
As the crisis evolves, companies must act on multiple fronts to protect their employees, customers, supply chains, and financial performance. Retail and consumer-goods sectors have been particularly affected, with frontline employees directly at risk and companies struggling with demand that is either rapidly evaporating or surging well past the available supply. These most trying of circumstances have forced organizations to adapt quickly. In the process, many have achieved what they had aspired but failed to deliver for years.
https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/consumer-organization-and-operating-models-for-the-next-normal
