Group 1 - The core viewpoint is that globalization is not in decline but is evolving in different ways, despite trade wars and geopolitical volatility [1] - There is an increasing complexity in making connections, driven by the desire to create new relationships as old ones become strained, affecting supply chains and manufacturing decisions [2] - The value of services is rising due to the friction costs associated with this complexity, presenting opportunities for those who can address client challenges [3] Group 2 - The Asia region is identified as the engine of global growth, accounting for 40% of all Foreign Direct Investment (FDI) and trade flows [5] - Tariffs, trade tensions, and political noise can create challenges, but they also present opportunities for businesses specializing in international connections, allowing them to turn potential headwinds into tailwinds [6] - The global economy in 2025 is characterized by complexity and friction, which has generally benefited traders and increased income through volatility [4]
Standard Chartered CFO: Globalization Is ‘Alive and Well'