bestnftgamestomakemoney| Rivers: Globalization trend will not reverse industrial growth comes from new technology

Hao Qian and Zhang Jian are from St. Gallen, Switzerland.

Sina Finance recently spoke at the St. Gallen Summit with Martin Rivers, senior partner and managing director of BCG and global head of BCG Henderson think tank (Bruce Henderson Institute). Rivers believes that globalization is changing, but the trend will not be reversed.

Rivers admitted that globalization was a big driver of global economic growth after World War II. The globalization premium is based on the rule-based trading system to achieve efficient economic development and enhance the scale of enterprises. In this process, enterprises are seeking to build a lean supply chain, which is to find the lowest-cost production base in the world, complete the assembly in the best location, and sell to the largest and fastest-growing market.

Now, there are some obstacles to rules-based global trade, which requires companies to be more flexible. Due to climate change and geopolitics, many companies have lost their complete lean industry chain, seeking more resilient and resilient supply chains in addition to cost and efficiency.

At the same time, as the trade between countries is affected, and the cooperation between many enterprises is getting closer and closer, we are also seeing the transformation of the trading system from "top-down" to "bottom-up". Enterprises should also be more pragmatic.

"International trade has reached such a large volume today, the internal ties between countries are very close, and the overall trend of globalization will not be reversed. But the future must be more unknown, faster change, and will be more fragmented. " Rivers said.

With regard to the current competitive advantages in various regions of the world, Rivers said that Europe has really been far away from digital innovation. However, from the point of view of the source of corporate growth, artificial intelligence has become an important cornerstone of the business model.

With regard to the digital changes that the world is experiencing, Rivers said that the Henderson think-tank does a Fortune Future 50 research analysis with Fortune magazine every year to predict the future growth prospects of the world's largest companies.

"this forecast is not based on historical growth rates, but on machine learning to estimate the future growth potential of the industry, that is, the vitality of future development. Now this forecast has been made for seven years, and some predictions have come true. " Rivers said.

"if...BestnftgamestomakemoneyIf you compare it with different growth indicators and stock market growth indicators, you will find that this forecast is more accurate. The final logic of this analysis is that the growth of companies is mainly brought about by digital technology, not only by digital technology companies, but also by companies that have adopted digital technology. There are some retail companies, such as Alibaba and Amazon, which can be classified as e-commerce retail, but basically they are still technology companies. "

"China and the United States absolutely dominate the 'vitality' of this enterprise's growth. If you look at the international economic growth brought about by many corporate areas, technology must be the most important factor, and the leaders are China and the United States. There are some exceptions, such as some Nordic companies that are also doing well, but overall, the total amount of future growth must be brought about by scientific and technological progress in China and the United States.

"this tells us that both China and the United States now attach great importance to self-sufficiency, as well as AI, semiconductor leadership. I think both countries regard these cutting-edge technologies as strategic importance. I believe that China is already strong in many areas, such as the rapid rise of electric vehicles, photovoltaic industry, and other industries. China's development continues to be rapid. "

Rivers believes that green transformation is a longer-term task than digital innovation.

"I believe that the energy transformation still has a long way to go. What we think of as sustainable business model innovation, that is, the development of business models, will also contribute to sustainable transformation. " Rivers said.

I just wrote a book called Sustainable Business Model Innovation (Sustainable Business Model Innovation), and we all end up adopting these sustainable business models. Where will these business models come from? It may be American venture capital, venture capital environment, European social consciousness, or China. It is hard to say which region will take the lead in this sector.