McKinsey Global Institute's Seong on Globalization

The video discusses the concept of deglobalization and the reality of global interconnectedness. It highlights the growth in data and service flows, contrasting with stagnating trade intensity. The gradual shifts in value chains are analyzed, considering geopolitical and economic factors. The role of Asia, particularly China, in the global supply chain is examined, focusing on regionalization and domestic consumption. The importance of innovation and technology in China is emphasized. Finally, strategies for multinational corporations to navigate the current global trade environment are outlined.

What are the potential long-term effects of geopolitical factors on global value chains?

What role do multinational corporations (MNCs) play in the current global economic environment?

How can companies enhance their resilience in the face of changing global supply chains?