Chris Niarchos encourages companies to learn and adapt to changes in the global economy.
In his latest blog, Chris Niarchos explores the current global economic situation and the uncertainties that have arisen from it.
From the UK’s decision to leave the EU to the slowdowns of countries like Brazil and China, it is apparent that the world is going through significant economic changes.
As a result, the World Trade Organisation (WTO) revised their forecast of global trade growth down by over a third. The organisation, which initially estimated a 2.8 percent increase in April, changed this to 1.7 percent more recently.
It is easy to panic when seeing statistics like this. However, Chris encourages companies to take a step back and educate themselves.
Chris writes: ‘To me, the WTO figures reinforce the fact that corporations have to be ready to adapt and innovate whenever they are met with difficulties.’
Companies and organisations should adopt the ability to turn a negative situation into a positive one.
Read the full article on Chris Niarchos blog site