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Is India the next big thing to dazzle the world the way China has done for decades?
In an age of decoupling, McKinsey & Company, the American multinational strategy and management consulting firm, is having fresh look at India, for which it predicts great things in many areas, including transportation.
As India anticipates a century of independence through 2047, it is committing to sustainable and inclusive growth in its goal of becoming a developed economy. To understand how Indian enterprises can achieve the growth necessary to help propel it towards its centennial aspirations.
McKinsey analysed publicly traded companies over a 10-year period. While most companies performed in line with national economic growth, one in five achieved a rate that was more than two and half times the GDP growth rate during the same period.
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How different visions of the future will likely impact the international world of shipping
If Kamala Harris has won the US Presidential election, an impressive socialist advance has been achieved as defined by World Economic Forum, that is, its "Great Reset". Such a victory would bring together US President Harris with, British Prime Minister Keirs Starmer, Canadian Prime Minister Justin Trudeau and Australian Prime Minister Antony Albanese - all declared enthusiasts for the WEF and all its works.
Their aim, to create a WEF “CO-topia” that focuses on a vision for the year of 2030. This would have us live in a build-back-better world, in which people would own nothing but be happy.
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AI debate between the IT boffin and his boss makes ChatGPT less of a threat than an inadequate partner
An IT boffin, the son of a shipping journalist of our acquaintance, was in a dispute with his boss about the use of artificial intelligence, namely ChatGPT depicted as being in the state of terror over AI's potential danger, while the young boffin thought of it as just another tool in his tool kit the way one uses online currency converters and translation programmes.
At our shop, we first tried AI out more than a year ago at a time when public intellectual Jordan Peterson and super tycoon Elon Musk were stressing about its inherent dangers. Dr Peterson said AI’s quality level approximated that of a master’s thesis. But one forgets a master’s thesis is a lot less masterful than a doctoral dissertation. And Elon's imagination ran wild fearing the worst of all possible outcomes as he is most capable of doing. But the worst is not the surest – far from it.
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India looms as an increasingly attractive source of production amid talk of re-shoring and home shoring
As the US election is in the offing, there is little can be said with certainty about America's China trade policy. Except to say that as divided as the Western world is, leftists and rightists share much the same policy towards China, that of suspicion, bordering on hostility.
Back in 2016, one was struck talking US politics at an international shipping conference in Shenzhen of how often senior shipping executives dismissed Donald Trump as a presidential candidate yet fervently endorsed his tough China policy.
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Intra Asia Trade Specialists |
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