Corporate Members briefed on ‘Globalisation in Transition’

With global value chain structures undergoing rapid transformation, companies need to re-evaluate their strategies to remain competitive and capitalise on the shifts taking place. This was the issue discussed by Susan Lund – partner at McKinsey & Company and a leader of the McKinsey Global Institute, during a briefing for Asia House Corporate Members.

According to McKinsey Global Institute, important structural changes in the nature of globalisation are largely going unnoticed. Trade intensity is declining within almost every goods-producing value chain, with flows of services and data now playing a much bigger role in tying the global economy together. In addition, all global value chains are becoming more knowledge-intensive, with low-skill labour becoming less important.

In a wide-ranging discussion, Susan – who is based in Washington, DC – explored how technologies such as blockchain and 3D printing are transforming the trade landscape and the impact these changes will have on the global economic order.

The briefing was held as part of Asia House’s New Global Trade Order series – a programme of events held for Asia House Corporate Members.

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