Natalie Blyth, Global Head of HSBC’s trade finance business, recently shared her views on how the world will change as a result of Covid-19 and other geopolitical challenges. Blyth oversees the approximately $750 billion of trade annually that HSBC facilitates with 2 million clients and is well-positioned to see the changes underway in the global landscape.
The summary: Look for more geopolitical tensions and new technologies to continue a period of great disruption in supply chains, business models, and consumer behavior. Asia will continue to rise but companies will be hurt by continuing Sino-U.S. tension. There will be a thickening of ties between different regions, such as Latin America and Asia. Labor cost differences will matter less, technology use more. Corporate purpose will be under increased scrutiny.
This is disruption on a scale we’ve never seen. Read more in my Forbes post.