Business English Pod :: Learn Business English Online
Business English News 56 – Deglobalization
Apr 1, 2024
The podcast discusses the trend towards deglobalization and the shift towards onshoring and resilience in supply chains. It explores the vulnerabilities of global supply chains, geopolitical tensions, and the emergence of a new international dynamic. Many see deglobalization as regressive, but it highlights the cracks in the globalized economy.
05:58
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Businesses are shifting towards de-globalization to prioritize resilience over efficiency in response to vulnerabilities exposed by the pandemic and geopolitical tensions.
- The movement towards de-globalization involves companies onshoring and friend-shoring operations, reevaluating commercial arrangements, and focusing on mitigating risks in supply chain approaches.
Deep dives
Rise of De-Globalization
Businesses are shifting towards de-globalization due to vulnerabilities exposed by the pandemic and geopolitical tensions. This trend involves companies onshoring and friend-shoring operations, prioritizing resilience over efficiency. The movement from just in time to just in case supply chain approaches reflects a focus on mitigating risks. Companies are reevaluating their commercial arrangements towards more narrowly designed partnerships, while consumers seek purpose-driven interactions.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
