Following pandemic-related disruptions, supply chains are in a state of transition. To avoid future backlogs and disruptions, many solutions are being explored including a switch from just-in-time inventory to just-in-case, as well as near-shoring and on-shoring. Technology can play a significant role in securing global supply chains via automation, software, and connectivity. New technology developments can be utilized from production to storage, delivery, and recycling.
In this episode, we embark on a fascinating journey through Asia's digital transformation—a journey that can only be described as a time machine propelling the region into the future. Our esteemed guests, Lawrence H. Summers, 71st US Secretary of Treasury and the Charles W. Eliot University Professor, Harvard, and Jan Metzger, Asia Pacific Head of Banking at Citi, guide us through this captivating exploration.
The consequences of the COVID-19 pandemic have been far reaching. The potential for remote work means that cash-strapped families are now able to escape the metropolis, where the cost of living crises has become particularly severe. But this trend might be short-lived. For one thing, if a job can be done remotely, it can also be offshored, meaning that regional convergence in advanced economies might be short lived. To what extent this will happen, remains an open empirical question. On the positive side, recent improvements in remote technology have made it much easier for scientists and innovators to collaborate at distance. Against this backdrop, we argue that a revival of breakthrough science seems likely and could reverse the productivity stagnation of recent decades.
Interest in nuclear energy is rising globally on the back of supportive policies and financing. A recent report from Citi Research’s Arkady Gevorkyan looks at how uranium prices have been buoyed by this interest along with supply constraints.
The former UK Foreign Secretary says embracing the opportunities and confronting the threats of artificial intelligence will be vital to future competitiveness and will mean ripping up the playbook-- reimagining governments and societies .
A recent report from Citi Research’s Ernesto Revilla looks at how a strong showing by the infamous weather phenomenon this year could affect the economies of Latin America.