Today it is the morning of May 2, 2020. The world continues to suffer under the humongous threat of COVID-19 and the mighty US appears to be the worst sufferer in terms of human lives. God has caged mankind- and how.
The new world ran on energy, or at least that’s what was the norm till Corona struck. Industrialization and computerization ran arm in arm and the technological advancement over just the past two odd decades can be termed as amazing. The climate change threat had forced a global rethink on burning hydrocarbons and there was a gradual shift to ‘cleaner’ energy options such as solar power and EV’s. Impressive ground was covered here but it was a tough ask. The world was still losing to the climate change monster and the transformation was too little too late, according to experts. Then suddenly the Corona threat forced industry to fold up almost simultaneously worldwide. The flip side of this catastrophe has been that the climate change monster has also been severely injured by COVID-19. The chirping of birds, the sniff of fresh air, the clearing up of the waters of the oceans and the repair to the Ozone layer can all be termed side effects of one of the worst ever threat to mankind since the world wars.
But let us now look at the state of business and industry as it stands today and the kind of imprint this Corona threat is poised to leave on industry as well as geo political global relations once the lockdown is lifted.
From the business perspective, China as a manufacturer and exporter has earned a bad reputation. It is quite possible that in the post-Corona scenario many countries who have business ties with China will be forced to look at other options-if only because they will not be able to forgive Beijing for the coffins lined up in their backyard.
The latest spat started after Australia called for an independent inquiry into the origin of the novel coronavirus. "I think it's incumbent upon China to answer those questions and provide the information so people can have clarity about exactly what happened because we don't want it to be repeated," Australia's home affairs minister Peter Dutton said on April 17.
THE INDIA PERSPECTIVE- POSITIVES AND NEGATIVES