Global refugee crisis

Low tech goods and low value manufacturing would be the quickest to migrate while higher value-added exports in the machinery, transport and IT category would likely take decades to relocate due to high R&D costs and competitive Chinese labor costs, UBS said in a note earlier this month. … [Read more...] about Supply chain reaction: trade war refugees race to relocate to Vietnam, Thailand

As an industry leader, Carrier has consolidated its role in enhancing building health to promote personal health, especially during the hard times of the COVID-19 crisis. The ongoing pandemic is a strong reminder that the lockdown has changed the way people and communities live, work, and interact, and it is necessary to make the built environment more resilient. To address this issue, Carrier has introduced its Healthy Buildings Programme, an expanded suite of advanced solutions to help deliver healthy, safe, efficient, and productive indoor environments across key verticals including commercial, healthcare, hospitality, education, retail, and marine buildings. … [Read more...] about Carrier Global redoubles efforts to deliver safety and sustainability amid pandemic

10th Allianz survey: Business interruption, Pandemic outbreak and Cyber incidents are the top three global business risks for 2021 -- all strongly interlinked. Globally, Pandemic outbreak rockets to #2 from #17 and is seen as main cause of business interruption in 2021, followed by Cyber incidents. Companies look to de-risk supply chains and boost business continuity management for extreme events. In Asia Pacific, the top three risks are mirrored although Business interruption swaps places with Cyber incidents, which ranks #1 for the second consecutive year. Market developments (#4), Macroeconomic developments (#8) and Political violence (#10) are all rising global risks. Socioeconomic consequences of the pandemic will bring more insolvencies and likely fuel further civil unrest in 2021. Climate change falls to #9 globally but will be back on the board agenda as a priority in 2021. JOHANNESBURG/LONDON/MUNICH/NEW YORK/PARIS/SAO PAULO/SINGAPORE - Media OutReach - 19 … [Read more...] about Allianz Risk Barometer 2021: Covid-19 trio tops global and Asia Pacific business risks

DHL Express has placed an order for eight additional new Boeing 777 Freighters to meet growing customer demand for international express deliveries. "Although the current health crisis has pushed pause on several areas of life, global trade did not stand still," said John Pearson, CEO at DHL Express. "Fueled by globalization, digitalization and the unprecedented demand of our customers during the recent peak season, our global e-commerce volume grew by more than 40 percent in Q4. With the order of eight new wide body freighter aircraft, we underline our conviction that e-commerce is an enduring megatrend. This is why we decided to act early and kick-off 2021 with this investment in our future." … [Read more...] about DHL Express continues to strengthen its global aviation network with the purchase of eight additional Boeing 777 Freighters

Even under a scenario of moderate decline in greenhouse gas emissions, land area scorched by extreme to exceptional drought conditions increases from three to seven percent, while the population at risk jumps from 230 million to about 500 million, they reported Monday in Nature Climate Change. … [Read more...] about Global population hit by extreme drought set to double