discover who will. subscribe to the documentary on you tube. covered i'd seen has become a synonym for disruption a great lockdown put the brakes on the world economy drying up or revenue streams for many firms and smashing global supply chains health experts even blame globalization for the rapid spread of the coronavirus globalization is a trap we had bought into a system of global networks until that menacing microbe came onto the scene the

virus and strict quarantine measures have a profound effect on nearly opas misses in many different ways for some it's been a catastrophe especially the millions who've lost their jobs for others it's an opportunity lots of bright ideas hatched during crises but that doesn't mean the process is easy company leaders in lock down have been racking their brains for new ways of dealing with the new novel and trying to constantly adjust to a constantly changing situation. managers around the world have been in crisis mode for months. perfect. early 2020 the world is in lockdown. our guys. they walk days and difficult is what we deal with all the time.

is the crisis good for us are probably. the coronavirus takes control of their schedules measures to fight the pandemic go straight to their bottom lines the i.m.f. talks of the worst recession in a century at the end of april the deputy c.e.o. of vietnamese carmaker vin fast returns to the workplace from her home office i can tell you that i'm very happy that today is the 1st day that the locked out initially after my street weeks working from home today is the 1st day that i come to that the plant very happy and it's also very happy that so far that outlet is doing a great job of showing. 0 debt. in

vietnam the fight against the virus seems to have been one that the economy has taken a hit many people have lost their jobs here to spying a new vin fast motorcycle or car now. the manager is very cautious when talking about the future of her business. the economy it's slowing down. that's why the consumption of products and services probably slow down as well and we need to also do new is that by just one in our you know sales. been fast is a subsidiary of technology giant in group and opened the 1st car factory in vietnam in 2019

a pristine project for the communist country and there's plenty of official support for the firm which is now also in the ventilator business. that woman is talking about c.l. providing support and funds the bank or so supporting us a cost that a credit lie or you know with a better interest rate this kind of think so we walk with the banks its partners then and we will get through this and get it 20 flight hours to the south east is south africa here you can wait a long time for help from the state. the various measures the government has announced to try and support businesses primarily small and medium sized businesses but i think because again the effect of lockdown is being has been so difficult on so many businesses banks public sector how they just seem to be completely flooded with requests for assistance.

or created a platform called sweeps out it provides domestic help mostly by formally unemployed . the curfews made business impossible the lock down was one of the most brutal in the world. protests against the harsh anti coronavirus measures were frequent the social entrepreneur worries about how her workers will survive many fed their whole families on the income from the platform so pandora jumped into action with a number of on based as one of the in the key one being that the michael and susan doll foundation we were able to put together a fund to try and support the women who work on our platform and that fund will help to support them for 12 weeks or 3 months and it's supporting about 3 to 4000

women every week with a small income that just helps to cover at least groceries. a planned expansion was stopped in its tracks as the company fought for survival now it's selling household cleaning and disinfection products on its website but will that keep it afloat. what i can say is that we're going to court every single available our all of our efforts all of our energies into trying to make sure that we're able to protect the business protect our employees but again i think as entrepreneurs we're very strong people mentally emotionally and i'm confident that we'll get through this and that at least some of it is going to present new opportunities fossils and other businesses. the crisis is presenting

opportunities for some companies in italy of all places it was an early hotspot of the pandemic in our business plan is intact jobs have been preserved are not in danger. the italian health care system was devastated by the coronavirus many sick people died because they couldn't get help now many in the country and around europe fear the collapse of the italian economy. every crisis is a tragedy but a crisis also has opportunities for those who are prepared with the right technology because you want to come to the garage not. the lockdown provides one of those opportunities for mateo esposito is company the firm develops virtual reality

software with a focus on online shopping. and business is booming. companies are now finally realizing what it means when people cannot reach their physical location we used to underscore the comfort and speed of our software but today online shopping is a necessity. to change it was shocking to. here every day about hundreds of deaths we were very worried about others during the crisis but for us it has been a positive challenge that we are trying to meet. in version is only a small startup but the coronavirus could be its big challenge. now globalisation isn't anything new it has its origins in ancient trade routes but

more recently it's in supply chains spread right around the world in a tangle of complex just in time production processes for goods manufactured step by step in various countries this is done has also moved millions of jobs around the world and spot fierce opposition there are growing environmental and social concerns the destruction of our planet the people who have been left behind but before we talk about what could be coming our way let's glance back is an historical look at how globalization came about. some 2000 years ago chinese and indian trade is set out for the west and the more than 6000 trails as the silk road became one of the 1st. and silver. in the 12th century several key port towns on the baltic sea formed the hanzi assoc league to promote trade with each other. in the 15th

century europeans set sail for the americas they stablished colonies there and squeeze everything of value they could out of them. in the 18th century britain emerged as the new global power at its zenith the british empire encompassed over 450000000 people a quarter of the world's population then. as the 19th century got under way and president a technological advances went hand in hand with industrial revolution steamships and trains were invented over the following decades they enabled more of move goods to be carried further and faster than ever before new markets developed. lower trade tariffs and developments and ships technology boosted global commerce even further. after world war 2 u.s. companies expanded internationally big goods were welcomed in war torn europe the

so-called global players emerged in the seventy's and eighty's these conglomerates many factor their products in countries with low labor costs and taxes pressuring small and mid-sized companies to also relocate production abroad. then data transfer picked up speed with the advent of computers the internet and the dawn of digitalization globalization accelerated. goods and services could be accessed almost everywhere. and with travel so easy millions of people became close and millions of migrants have been tracking the world in search of work and a better life. environmental degradation and social inequality are increasing worldwide criticism of globalization has grown louder countries have put up trade barriers nationalism is on the rise. and the coronavirus pandemic has highlighted

just how interdependent the world's economies have become has globalization gone too far. too after that we'll take a look at a european example in this next report a lot of manufacturers here rely on long supply chains that straddle several borders that puts them in a very vulnerable position if even one of the supply nations experiences disruptions of stoppages across the virus pandemic has done just that it's shown the supply chains to be a liability. these globe trotting components have come a long way they're in demand because they're cheap but since the pandemic long supply chains are now seen as a liability. in germany assembles them into it's a multi store data storage machine and usually it stores data on magnetic tape fashion but with low energy consumption actually very popular the machine's anatomy

reflects the entanglements of globalization sheet metal pieces electric motors fans from around the globe. the multistory specialized connector cables have only come a short way from hungary but the electric motors came from india the fans were made in the philippines there assembled in china incentive germany along with numerous other parts all made in china. but the coronavirus pandemic has interrupted some of the company's supply chains. obviously the coronavirus affects our supply chains some of the lock downs are still in place on what we saw in india and supplier drop out we were able to fall back on a replacement supplier in china where we've managed to navigate our way through it all. to one if we haven't. the mid-sized companies looking to european companies for components. the hope is that shorter supply chains will be more reliable the turnaround was prompted by a typical globalization debacle a few years ago

a key supplier a u.s. company relocated its electric motor production from the philippines to india because indian wages were lower but it took much longer than planned to get production up and running that meant no motors for the multistory. units many people it's not much use if i find suppliers in germany to replace my chinese suppliers if they source all their raw materials in china then i'm not really independent of asian suppliers. i'm still just as reliant on an indian chinese or philippine supply chain. would have. to up the slovakian capital brought a slab of lies in the center of europe it's a mere 750 kilometers away from b. which is switching to a supplier there it wants the slovakians to supply a complex component for the multistory right now it's still made in china but the slovakians take over next year. i think that the. reason why we have

certain success with our 5. but also some of our other european flights even in the high cost part of europe that is. to the cost of us to reduce the time the last chance the patient of the. short supply chains are also good for responding to certain increases in demand. but the multi store makers will only go for a month slovakia if the price they pay for the components roughly matches that of the asian made components. what we told us on that is a continuous. journey on automation and. our. business if we are focusing on the. without a mistake then maybe there will be a few workplaces left right now but the remaining ones will be so much more secure

going forward that is a part of continuously making sure that we are competitive in the european context . but headquarters will still be ordering a lot of components from asia not least because many of them are no longer in europe. it's simply not possible to become totally free of asian production. that's weird nobody. only function in part because most of our components come from asia that's the big debate right now. a lot is made in south korea and china thailand in japan as well that means it's only possible up to a certain point. but it's not about saying we won't buy asian anymore what's important is that we don't simply rely on one asian country so that if you're having problems with sourcing things in china you can always fall back on thailand india and the philippines india and thailand philippines or. until now 80 percent

of the parts for the multistory information but between aims to reduce that proportion to 40 percent to reduce its dependence on the coronavirus pandemic has shown everyone just how risky globalization can be. time to look forward at how covert 19 is changing our lives and the way we work and if some of those changes are here to stay german futurologist tristan hawkes is a big believer that the pandemic offers opportunities but are his forecasts too utopian. the coronavirus is changing everything the world will never be the same again we hear that a lot but what does that really mean. these are the noises that are no longer abstract fear factor. the pandemic has triggered fare around the world because we actually learn from this crisis. then yeah if humanity were not able to learn from

really major crises i wouldn't be here then vietnam beneath germany futurologist to stone hawk so there's optimistic. despair in that the value would change how we perceive and deal because right seems even ones that seem somewhat removed again. gross gross i'm more growth that's been the mantra of recent decades faster better and above all more but surely we can't go on like this hawks questions growth based solely on maximum trying to actual gain. those facts to the growth paradigm will change somewhat that's not to say growth will no longer be important but it will be different i'm going to feel for fairness and i mean it's quite possible that only years trying softer factors will feature more in the economic equation in virtue of calculus or factors like satisfaction and contentment to freedom but. i myself live in a consumerist society where everything is available in abundance acquiring the

latest and greatest has become part of the western lifestyle and we're used to paying reasonable prices for what is often produced in other countries follow wages under poor working conditions but when the coronavirus hit shopping as a pastime was suddenly no longer an option. mostly very last we live in a world where things are produced very cheaply in one region and shipped to another to be sold to we need this endless flow of goods and. there are other ways to shop for instance at markets like this one in poland where farmers and produce. this is from the surrounding area so fresh organically grown produce at a slightly higher price. i'm going to know what is my thinking is very clear as far as that's concerned there's a trend towards buying local again not out of necessity but simply because that's better for the consumer and the environment. sounds good but also if it's

idealistic and it's easy to say that when you live in an affluent country like germany. no this is the truth and i was going too far to say everyone will change completely but i do think we've all had a chance during this time to rethink our consumer habits and to consider what's really important and what was just drilled into us by advertising. many people see what life is fast paced and hectic noise and time pressure can be constant companions many companies used to insist the start be present during working hours even though many jobs could be done from home in the pandemic home office was suddenly the only option with our ideas about what change in the future. i'll cry as a home office suddenly being seen as a new panacea for all ills it's like being a reality in many jobs but the problem is it was often seen as glorified leisure time behind we were lucky to get to work from home. and home office. to

victims to make them is mostly factories trust lawyers trust that their staff aren't just relaxing at their company's expense i think in a year's time that trust will have grown on tinker just as. you said you have to sit at a desk to work i've really enjoyed working outside the office. there's only one drawback. i meet wife i from with what i can and so obviously it's not going to work with 3 small kids at home we need to see home offices just one option and not think that from now on we're all going to work from home. it's a house out of it. so maybe work will be less hectic in the future but i'm not quite as optimistic as to sound. in many other parts of the world the coronavirus is making problems worse. if we just been lucky. own said. these are all things considered things could be worse than this crisis that could

of course still change. crucially we've learnt that we can all influence the future with our behavior that's a new experience one that we should find encouraging. another effect of the crisis the shift many businesses have made out of pure necessity to go online has been a surge in demand for all things digital spurred by lock downs and mandatory social distancing of course that doesn't help businesses that rely on physical contact but if an online presence really does become the norm it means some companies will be able to reach more customers and profit through efficiency. my name is what's on the show like yeah and i am co-founder of the finance lanka one to start up to be a big player and not just in nigeria. we have grown by you know in transactions. by about you know 300 percent. in only 3

months troeh finance is an internet platform which enables small investors to take stakes in large markets buying shares and currency transactions for as little as $10.00 and it only needs a smartphone the service is in great demand right now. we're not on the business i think with more positive than negative. or how can i. reserve cash or how can i create a safety net for myself because we have a business that is the wrong primarily built around vestment it was just natural for you know business to pick up because people didn't actively work thinking about that and people were putting much more money towards thieving towards investing outside sri lanka's office nigeria's biggest city in lagos. the urban middle classes are online and networks here. yet across the country 40

percent of nigerians still have to get by on less than a dollar a day. coronavirus for these people is only one problem among many. children here is one of the more privileged nigerians he's done university studies and in 2014 set up his own business. the barber shop he goes to has reopened it used to be a lively place where people hung out to loud music but now he's the only customer. the main topic of conversation with the owner is the impact of the coronavirus. well. you. know.

right. that's optimistic considering the number of covert 19 infections in nigeria nearly doubled in june the pandemic is driving even more people to invest their money online the digital economy is essentially a culprit when a. thing is going to people like me join in which is you know you don't have to see like half of the time to communicate so i will still go back to normal but i still feel like at the same time that you know a lot of people would love unnecessary me love all those things right and teleconferencing is like here to stay just me and you know mom the price for that though is that sri lanka now meets even his friends on the line at least until the bossier open again. you know nice to have you along here on d w c in-depth business show that made. us look at version.

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play. poker. this is the news live from berlin a grim warning from the u.s. government's top infectious disease expert dr anthony fauci says the new the number of new corona virus infections in the united states could double if more isn't done to contain the virus. also coming up. proving out the far right germany's alleve soldiers the k s k commandos are to be partially disbanded following reports of right we need to extremism in their ranks. and a new security law is in effect in hong kong violators.