article thumbnail

Longer And More Complex Supply Chains Benefit Economies

The Horizons Tracker

In 2021 there have been visible concerns about the supply chain issues that have resulted in long queues of container ships outside major ports. It has prompted worries that supply chains are too complex and too prone to disruption. “Industries with greater supply chains do better. .

article thumbnail

When You’re Tied Up In Supply Chains, You Need A Strategy

Strategy Driven

According to estimates by supply chain management organizations, the global supply chain market is worth more than $10 trillion a year. In short, it’s an enormous business, consuming some 6 percent of total world GDP, more than military spending and education combined. Get Better At Returns. Automate Everything.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Ready Are Companies For The Post-Pandemic World?

The Horizons Tracker

For instance, during 2020, GDP in advanced economies plummeted, with many businesses having to shut for prolonged periods, and nearly all having to rapidly adapt to the changing conditions. The Covid pandemic has undoubtedly been one of the most disruptive periods in most organizations’ history.

Company 98
article thumbnail

How Digital Technology Is Changing Farming in Africa

Harvard Business Review

Agriculture accounts for more than 30% of the continent’s GDP and employs more than 60% of its working population. Those that do look to leverage new technologies run into financial issues. Foreign-made farm technologies remain unappealing to farmers in Africa because they are cumbersome for those who control, on average, 1.6

article thumbnail

China’s Economy, in Six Charts

Harvard Business Review

Its gross domestic product has surged from less than $150 billion in 1978 to $8,227 billion in 2012 (see “China’s GDP” chart below). Despite these impressive achievements, there is still plenty of room for catch up, with China’s per capita GDP only a fifth of the U.S. percentage points of GDP growth in 1979-1989, 0.5

GDP 13
article thumbnail

The First Step to Fixing U.S. Manufacturing

Harvard Business Review

A few outlier industries (notably pharmaceuticals, medical devices, and computers) prop up the sector’s aggregate performance; most others have experienced flat growth or outright declines in real GDP over the past two decades. carmakers than for their Asian counterparts, and may accumulate with each tier of the supply chain.

article thumbnail

Globalization Is Becoming More About Data and Less About Stuff

Harvard Business Review

The 20th-century version of globalization was defined by rapidly growing trade in goods, as major multinationals created supply chains that spanned the world. Today growth in global trade has flattened, and it looks unlikely to regain its previous peak relative to world GDP anytime soon. trillion in 2014 alone.