“In the long run the firms that survive will have to master a new environment as the crisis and the response to it accelerate three trends:
1) an energising adoption of new technologies,

2) an inevitable retreat from freewheeling global supply chains and

3) a worrying rise in well-connected oligopolies.

Source: The Economist

Date: April 12, 2020

Link: https://www.economist.com/leaders/2020/04/08/the-coronavirus-crisis-will-change-the-world-of-commerce

Discussion

1. What are the “new technologies” mentioned in the first trend ( an energising adoption of new technologies)?
2. How does AI, robotic process automation and 3D printing factor in to the second trend ( an inevitable retreat from freewheeling global supply chains )?
3. Did you know that FAANG + Microsoft are some of the major “well-connected oligopolies” in the third trend? FAANG = Facebook, Apple, Amazon, Netflix, Google.