From food crisis to export ban in next normal until further notice is read from news from countries here and there. Some are export ban palm oils, wheat, chickens, the list goes on. The pressure and impact of war accelerate the global food crisis. The world bank warned of world record rises in food prices, inflation as the outcome here and there act as an accelerated variable. The rise of food cost and fuel costs, make a lot of countries banned export, as domestic first in concern.
Food is one of the human basic needs, a hungry population or under accelerated inflation, will cause issues as every government knows what to expect next, if there is no immediate intervention on them. Food commodities ban for export and later on removal is expected, when it returns to normal. Prolong war has let the world know despite it happening very far from your country, interconnectivity of the food value chain nature, no country can escape from it.
The next normal from COVID-19 pandemic is now toward “hunger pandemic”, and the recession warning together makes the world economy outlook in uncertainty. This is why a lot of publicly listed businesses are posting for weak revenue against projection, and cause stock market price collapse. From the recent we saw the Metaverse (formerly Facebook) and Netflix, who next? Mass unemployment triggered this round after COVID-19 pandemic, where no more government stepped in to assist, as forecast to push global unemployment to a higher figure. This is why people is said if you no losing the job due to COVID-19 pandemic, this food insecurity and recession trigger mass unemployment is to see from the coming data post by various authority. Food insecurity is linked with political instability, this is why most of the government practices various forms of intervention to try to bring down the cost of foods.
As world transit toward the fourth industrial revolution (4IR) industry 4.0, toward adopting emerging technologies from AI to robotics. Lot of traditional businesses established may or may not really adapt to it, legacy product no matter how glorious in the past, if it can not make and design for the current and future generation of market, despite it changing hand from here and there, the destiny is determined. Big corporations and giant rise and fall, just too many lessons can be learned from the history fact, just focusing on events and outcomes.
Some said great companies, their management have the strong touch of the market changes, they know what to do next, as well as mobilizing resources for next wave’s big things. Does your organization know and do something about it, or just wait and follow the rest? what new organization capability your company is now working on?
E-SPIN Group in the enterprise ICT solution supply, consultancy, project management, training and maintenance for corporation and government agencies did business across the region and via the channel. Feel free to contact E-SPIN for your project requirement and inquiry.
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