Founder and President, mPedigree
Special Advisor, Directorate of Corporate Management and Operations,
World Trade Organization
Glocalisation: Localising production and capacity building for survival and success
More than two thirds of world trade occur through Global Value Chains (GVCs) where production crosses borders before making it to final assembly lines. Digital developments are transforming these GVCs by creating a new digital thread across the chain, allowing for advanced systems of traceability and improved logistics and planning.
Moreover, the fourth industrial revolution (4IR) and its technological advancements have the potential to permeate the physical and virtual borders created by a pandemic and give residents the digital freedom to break out and restore their economic and social activities.
SMEs account for the largest segment of firms in any given country, and the largest percentage of global employment. While SMEs are usually under-represented in GVCs, the digital economy provides new opportunities for SMEs to play a more active role as propagators and instigators of 4IR.
This would contribute to the goal of inclusive industrial development (SDG9) but also poverty reduction (SDG1) and reduced inequalities (SDG 10). With the recent outbreak of COVID-19, we will undoubtedly see countries shift towards more domestic production and capacity building programmes for the local workforce.
This session will evaluate the questions of: