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World of Industries 3/2020

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World of Industries 3/2020

COVERING THE 4TH

COVERING THE 4TH INDUSTRIAL REVOLUTION COVERING THE 4TH INDUSTRIAL REVOLUTION Discover the EXCELLENCE OF TECHNOLOGY with a click! www.world-of-industries.com

EDITORIAL The Adventure of Globalization Dear readers, A network that has been finely spun around the world for decades is now proving to be an uncertaintly. The Corona pandemic has highlighted the limits of globalization and many are now wondering how things will continue. To date, we primarily focused on the advantages of a globalized world and economy, although the disadvantages are now starting to show. For example, we have production sites in countries where labor markets are more cost-effective and at the same time are brave enough to rely on these dependencies. This has been highlighted by the supply of systemically important products such as drugs and protective clothing. The labor sharing model therefore has its limitations. Even sectors that are embedded around the world, such as the mechanical engineering and automotive industries, are feeling the radical changes. Export has practically come to a standstill and procuring components from abroad has become virtually impossible. However, just like during every crisis we now also have the opportunity to review our actions, our decisions, and our global policies. Collaborating is important as this is the only way each country can leverage its strengths and work on its weaknesses. The best way to achieve this is to ensure that every country remains independent from a geopolitical perspective while simultaneously working toward the common good. In our latest edition we will report on globally operating companies that are doing precisely that. These companies have a level of expertise that they implement on a global scale – they are part of the bigger picture while also having national ties. With best wishes, We should critically evaluate globalization and improve it Nicole Steinicke Chief Editor WORLD OF INDUSTRIES 2020 3

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