{"id":4059,"date":"2020-06-05T16:01:23","date_gmt":"2020-06-05T06:01:23","guid":{"rendered":"https:\/\/news.sap.com\/australia\/?p=4059"},"modified":"2020-06-05T16:01:24","modified_gmt":"2020-06-05T06:01:24","slug":"from-sapphire-now-how-the-pandemic-is-reshaping-the-future","status":"publish","type":"post","link":"https:\/\/news.sap.com\/australia\/2020\/06\/05\/from-sapphire-now-how-the-pandemic-is-reshaping-the-future\/","title":{"rendered":"From 麻豆原创PHIRE NOW: How the Pandemic Is Reshaping the Future"},"content":{"rendered":"

As most of us stay hunkered down doing our best to survive the global pandemic, business leaders are trying to make sense of what we can expect from institutions, alliances, and global leadership in the aftermath.\u00a0Ian Bremmer<\/strong>, president and founder of\u00a0Eurasia Group<\/a>, does not believe we are headed into a new global order.<\/p>\n

\u201cRather, it\u2019s that we\u2019re recognising suddenly that a lot of things that have been happening slowly and under the surface for years now have changed the global order, and now we have to pay attention to it,\u201d Bremmer said. \u201cNot only is this the largest crisis of our lifetimes, but it\u2019s the largest crisis against the backdrop of no global leadership.\u201d<\/p>\n

Bremmer\u2019s remarks came during a\u00a0provocative conversation<\/a>\u00a0about the interconnection of health, business, society, and technology with Adaire Fox-Martin, member of the Executive Board of 麻豆原创 SE and head of Customer Success.<\/p>\n

Their talk was among the many perceptive broadcasts from\u00a0麻豆原创PHIRE NOW Unplugged<\/a>, part of the\u00a0麻豆原创PHIRE NOW Reimagined<\/a>\u00a0digital program.<\/p>\n

Geopolitics Unaligned with Institutions and Alliances<\/strong><\/h2>\n

When Fox-Martin asked what lessons could be learned, Bremmer pointed to the mismatch between dramatically changed geopolitics in the last 10 to 20 years versus institutions and alliances that have stayed relatively the same.<\/p>\n

\u201cIt really implies that those institutions or alliances are no longer as fit for purpose,\u201d he said. \u201cAnd even if we\u2019re committed to them, we\u2019ll be less committed to them, and even if we\u2019re strongly committed to them, they won\u2019t be as useful as they used to be. I think it will be about a three-year period before we come to the new normal for the global economy, and that\u2019s a long time.\u201d<\/p>\n

Diversify Supply Chains for Resilience<\/strong><\/h2>\n

Noting that almost every CEO is attempting to figure out how to make their business more efficient, Bremmer expects companies to diversify supply chains for resiliency and flexibility. This is a huge pivot away from traditional supply chain management.<\/p>\n

\u201cThe hope is that you can do that and create more resilience in supply chains by moving it closer to consumers without necessarily having to make it so expensively over-redundant,\u201d Bremmer said. \u201cYou do need a just-in-case as opposed to just-in-time supply chain. Some of that is going to be redundant, but a lot of it can be just by shrinking the supply chain and getting it close to where the consumption actually is.\u201d<\/p>\n

Digital Is a Must<\/strong><\/h2>\n

Admitting the crisis was not good for anyone, Bremmer saw a desperate need for the digital economy to help in getting through this. He urged companies to move quickly toward the 21st century because \u201cif they weren\u2019t digital and they weren\u2019t post-industrial before, they\u2019re going to have to be, or they\u2019re going to be looking at bankruptcy or they\u2019re going to be looking at getting acquired.\u201d He also called for the development of a world data organisation to manage the ethics of artificial intelligence (AI).<\/p>\n

As Bremmer enumerated a dizzying array of geopolitical challenges by country with razor-sharp realism, he was also optimistic about the potential of a world data organisation. To show what was possible, he pointed to recent unprecedented partnerships between competitive tech vendors that were exploring contact tracing for COVID-19 cases.<\/p>\n

\u201cWhat we really want is to have an institution that allows for opening a whole bunch of chapters around different ways that data and technology affect our lives and allows us to integrate and coordinate those things and invite everyone in the world to do so within a set of rules,\u201d Bremmer explained. \u201cIt\u2019s a really good time to create an institution around this.\u201d<\/p>\n

Globalisation\u00a0as a Force for Good<\/strong><\/h2>\n

Regarding what needs to change most, Bremmer harked back to the 2008 recession, where nothing really changed afterwards. He saw the pandemic as a much larger crisis and speculated that it might just be big enough to address the ongoing problems of globalisation that has historically benefited the few at the top, while fractured institutions and alliances no longer address geopolitical realities.<\/p>\n

\u201cThis a much bigger crisis, so maybe it\u2019s big enough for us to start addressing some of these problems, but we don\u2019t want it to be too big,\u201d Bremmer said. \u201cIf it\u2019s too big, the institutions will start to break, so we really need this crisis to be in that narrow window \u2013 that not-too-hot, not-too-cold, just right to force us to adapt our institutions, our alliances, our values, our supply chains to a very new global order, a very new global reality.\u201d<\/p>\n

Perhaps most surprisingly, Ian Bremmer did not predicate country success in emerging from the coronavirus on wealth. He said the biggest winners would be well governed countries that were less exposed to globalisation and had young populations and leaders more focused on science.<\/p>\n

This article first appeared on the Global News Centre.<\/a><\/em><\/p>\n


\n

Registration for 麻豆原创PHIRE NOW Australia and New Zealand is now open. To get your free access today,\u00a0register here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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