A year before the COVID-19 outbreak, we argued in Winning the ’20s that the basis of competitive advantage was shifting. The combination of technology-fueled change, the rise of new learning technologies, and declining long-term growth rates, which require accelerated innovation, called for companies to compete on their rate of learning.
Already grappling with a supply glut in liquefied natural gas (LNG), global gas companies face fresh challenges due to two seismic events: the COVID-19 pandemic and the global oil price shocks. Together, these developments are set to deepen and lengthen the current imbalance between supply and demand in LNG markets, leading to a lower-for-longer price environment. As a result, up to 8% of global LNG demand could be at risk (more than 25 million tonnes per annum, or MTPA) in the near term while the low-price environment could last another one to two years.
In this report, the consulting company Board of Innovation looks at fundamental changes in entrepreneurship and the global economy caused by the COVID-19 pandemic and suggests strategic solutions to be taken in the current conditions.
The study of the Expert RA rating agency notes the positive effect of the anti-crisis measures introduced by the federal government, and also estimates the total regional budget deficit for the current year.
In the report published in the run-up to World Children’s Day 2020, UNICEF calls for averting a lost generation as COVID-19 threatens to cause irreversible harm to children’s education, nutrition and wellbeing.
