Novel Solutions for Novel Times - Economic and Supply Chain impacts
The first episode from the “Novel Solutions for Novel Times” webinar series, focusing around the economic and supply chain impacts of Covid-19.
Antony Welfare - Managing Director of Blockchain Practice @ DXC Technology
Geri Cupi - Co-founder and CEO @ MonoChain
Najib Rehman - Data Strategy Lead @ FarmaTrust
Nikhil Vadgama - Deputy Director @ UCL Centre for Blockchain Technologies
Paolo Tasca - Executive Director @ UCL Centre for Blockchain Technologies
The resilience of supply chains within healthcare, whether for drugs or equipment, is being heavily tested by the pandemic.
We are witnessing a global shortage of medical goods, as their production relies on raw materials concentrated in a few key locations around the globe.
Governments may progress towards the nationalisation of critical services and goods, such as ventilators.
The pandemic will have rendered tens of millions of people unemployed, with a significant rise in suicides, following the pattern of the 2008 recession.
The simultaneous lockdowns around the world represent the first time the global economy was ever shut down.
The pandemic has generated unprecedented economic impacts for all communities and industries.
The crisis may be an indication of underinvestment in some healthcare systems.
Statistics show that countries with higher investments in their healthcare system have been better able to cope with exogenous shocks, leading to lower death rates during Covid-19.
The key to business survival lies in the digitalisation of supply chains.
Blockchain is a tool to effectively avoid counterfeiting during the global health crisis.
In the long-run, companies will have to rethink the way business is done.
Sustainability and climate change are taking centre-focus during the pandemic, and purpose-led companies are better equipped to survive the crisis.
We can notice a shift in consumer attitudes, from the immediate need to purpose.
Recessions are opportunities for automation bursts in economies.
Blockchain, AI and IoT may come together in an unprecedented manner during the health crisis, benefiting organisations and economies in the long-run.
It is yet to be seen whether the global health crisis will lead to an economic recession or depression, whose recovery is much slower.
New tools and technologies can help policy-makers address Covid-19 in a way that is more effective than injecting liquidity in the economy.
The pandemic is redefining what globalisation looks like.