The end of the globalization era will take time to develop. It does appear to be underway according to the article.
If so, how will it impact your company’s short-term and long-term, your existing business and what’s next – innovation, the company’s future revenues and profits?
Certainly, the global supply chain has been stressed over the past 2 years with COVID and it continues. It will only increase with the Russia Ukraine War. COVID caused companies to reconsider their manufacturing footprint and now increased awareness with the isolation of Russia in financial markets and operations will escalate this re-evaluation further. Will companies and governments reconsider their models to be more home based than a global footprint? If so, there are many implications to this decision for investments, investors, operations, staffing, political and governmental implications.
Here is the link to the article by Larry Fink, BlackRock, founder.
Business leaders need to be decisive, action oriented or possibly fall behind.
All the best.