Global Supply Chains: Digital Information Age

Global Financial Crisis Dept: And while these very public events naturally captured the headlines, they represent only the tip of the proverbial iceberg of the “global drivers of change” that are now reshaping economies, societies and politics. There are four core structural trends driving this change: globalization, demographics, the information revolution and climate change. These, together with the events of the past decade, are inexorably changing the world order, according to Globe And Mail. Without this pervasive globalization, the global financial crisis would have been an American banking crisis. Without this pervasive globalization, the United States would not have been able to live beyond its means at no apparent cost for the past decade, nor would China have been able to export its way to two decades of double-digit growth. Without this globalization, supply chains would still be national rather than worldwide, and costs would be higher and clearly, the first decade of the new millennium will cast a long shadow over the 21st century. It was a decade marked by jarring and unsettling events: Y2K; terrorist attacks; Enron and a host of other corporate debacles; horrific natural disasters showcased by the digital information age; the invasion of Iraq and the absence of weapons of mass destruction; the dot-com bust; and the global financial crisis. Cumulatively, these events have sapped public trust in leadership. Overwhelmingly, they have changed the public’s expectations for their governments. Paradoxically, they have created gaping fissures in the body politic about how best to meet these changed public expectations. So, what shape will this new world order take? Let’s start with globalization. Today’s pervasive globalization has been made possible by the information revolution. It is bound together through global supply chains, global capital markets, the global Internet and unprecedented movements of people. We now inhabit a flatter, more interconnected, more wired and more competitive world than was imaginable just a decade ago. As reported in the news.
@t global capital markets, globe and mail