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Executives take a quiet turn away from globalisation — FT.com

Fascinating food for thought in the idea that localization is now more important than globalization. Sure, some of the executive comments are Trump-driven rhetoric, but local organizations are highly mobile and that is a result of digitization reaching Main Street. Corporations are on the verge of becoming networks of localized businesses. Local on-demand, as a […]

Fascinating food for thought in the idea that localization is now more important than globalization. Sure, some of the executive comments are Trump-driven rhetoric, but local organizations are highly mobile and that is a result of digitization reaching Main Street. Corporations are on the verge of becoming networks of localized businesses. Local on-demand, as a model, becomes the new retail sales interface.

To understand this, take a look at a survey of US companies conducted by Boston Consulting Group. This survey showed until recently that American companies were busy building cross-border supply chains: in 2012, 30 per cent said China was the most likely destination for US company investment. But in 2015, BCG found a shift had occurred: 31 per cent of companies planned to boost production in America, but only 20 per cent said the same about China.

Source: Executives take a quiet turn away from globalisation

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