Global Economy

Big-picture, economy-wide topics

2024: The World at Crossroads—Part Two

Countries with over half the world’s population go to the polls this year. While none of these elections represent absolute good vs. evil, the outcomes will still make a big difference. In this global tug-of-war of ideas and institutions between democracy and autocracy, much is at stake for all of humanity, including peoples’ rights and liberties, the rules-based global order, world peace, and global prosperity.

Maritime Risk Remains High for Global Supply Chains Heading into 2024

As we begin 2024, the global economy faces heightened maritime risk vis-à-vis climate and geopolitical crises in the Panama Canal Zone, Red Sea, and Baltic Sea, on top of persistent maritime risks in the Middle East, East Asia, and Arctic Circle. Supply chain procurement leaders need to implement strategies and best practices to improvise, adapt, and overcome disruptions to global supply chains and shipping capacity in order to drive resilience through the global economy in 2024.

Realizing Africa’s Potential – Part One

Africa possesses vital natural and human resources that the rest of the world will desperately need this century. Sadly, these resources are being decimated by autocratic regimes, corruption, and conflicts. Profits from natural resources are pilfered by despots and their supporters, rather than being reinvested in African countries’ infrastructure, education, and healthcare.

Scenario Planning for Supply Chain Risk Management – Part Two

We examine how to weigh and prioritize multiple supply chain risk mitigation options and the use of monitoring and triggers to guide level-headed decision making during a crisis, using the risk of a China-Taiwan-US war as an example. We also look at various other examples of high-uncertainty risks where our framework could be usefully applied.

It’s Late. Do You Know Where Your Supply Chain Is?

The Russo-Ukrainian war has put into focus the question of the proper role for responsible enterprises in response to abuses by authoritarian regimes. Here we look at some of the challenges and solutions to managing an ethical supply chain.

Thriving in the Age of Uncertainty – Part Two

We explain specific advanced tools and practices for dealing with demand-supply uncertainty, including probable forecasting, capacity and consumption commitment contracts, real options as risk mitigation strategies, and hedging strategies.

Multifaceted Businesses: Part One – Evolving Business Models

Manufacturers and wholesale distributors are evolving from primarily or exclusively selling physical products, to more diverse business models, providing a variety of services and outcomes. Here we discuss what is driving this evolution, including the emergence of the Outcome Economy.

Reimagining Regulations: Ideas from a Non-Policy-Wonk – Part One

There is a perpetual battle between pro and anti-regulatory advocates. But that tug-of-war misses the point. We need efficient, effective regulation—or alternative mechanisms—that actually work, to ensure a well-functioning, non-abusive society. Here we explore some off-the-beaten-path ideas on how to achieve the (mostly) noble goals of regulation, without the (mostly) inadequate results and high expense of regulation.

Will AI Bring Another Gilded Age?

AI has the potential to make society better, but history has shown us the potential for these kinds of major economic transformations to cause society-wide upheaval and disruption as well. A lot will depend on the response of our governments in helping people make the transition to new skills and jobs.

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