Coronavirus And Decentralization

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The stock markets are collapsing on fears of coronavirus, One of the aspects is the uncertainty with supply chains and how dependent are they on one section of the world.

In this video I cover my thoughts about the centralization and the exposure that comes with it.


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@taskmaster4450 i enjoyed your thoughts about decentralization and i have learnt from it,and i agree with all you said..

Posted via Steemleo

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@taskmaster4450 the news of the coronavirus outbreak caused panic/fear and that led to uncertainty on most financial markets and the uncertainty has led to so many bearish trend on most markets,i believe that your thoughts concerning this issue will help to reduce the uncertainty and that will help the financial markets.....

Posted via Steemleo

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the coronavirus have collapsed alot of stock markets especially the asian stock markets and the virus just keeps spreading and that is becoming more scary....

Posted via Steemleo

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World markets are all conmected now. When someone sneezes we all get sick.

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It is all about the supply chains. Just in time is a really tight system. If anything happens, the system breaks down.

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Totally was talking about this last month but nobody wanted to listen to me today however everybody's all upset.

Good thing that I am prepared and aware of what's coming up.

Information is very large part of this.

Posted via neoxian.city | The City of Neoxian

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Looks like it will take a while for Covid-19 to blow over and the longer this virus exists, the tougher it will be for the supply chain.

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Summary:
In this video, the speaker discusses the impact of the coronavirus on global manufacturing and the economy. He highlights the issue of centralization in manufacturing, particularly focusing on the concentration of production in China. The speaker points out the vulnerabilities of having such a centralized system, especially in times of crisis like the current pandemic. He emphasizes the need for decentralization in various sectors, including manufacturing, food production, and technology. The speaker also touches upon the potential acceleration towards automation and decentralization due to the current situation caused by the coronavirus.

Detailed Article:
The speaker starts by addressing the recent decline in the stock market, attributing it to fears surrounding the spread of the coronavirus and the resulting disruptions in the global supply chain. He points out how China has become a significant manufacturing hub over the years, with companies like Apple heavily relying on Chinese manufacturers like Foxconn. The interruption in production in China due to the virus outbreak has raised concerns about the dependence of global manufacturing on one area.

The speaker highlights the risks associated with centralized manufacturing, pointing out that a single point of failure can have catastrophic consequences for companies relying on specific regions for production. He stresses that the current situation underscores the advantages of decentralization over centralization, despite the perceived benefits of streamlined operations and cost-efficiency.

Furthermore, the speaker discusses the broader trend towards decentralization in various industries, including robotics and autonomous vehicles. He mentions a swarm algorithm developed by researchers to decentralize robot operations and emphasizes the need to reduce risks associated with centralized entities and production facilities.

The speaker suggests that advancements in technologies like 3D printing could lead to a shift towards localized manufacturing, reducing the need for production on the other side of the world. He cites examples such as regionalized food production through vertical and indoor farming as trends already in place.

Moreover, the speaker speculates on the potential impact of the coronavirus outbreak on accelerating automation and reducing human involvement in production processes to mitigate risks associated with illnesses like the current pandemic.

In conclusion, the speaker advocates for a reevaluation of the centralized production model in light of the vulnerabilities exposed by the coronavirus crisis. He underscores the importance of decentralization in various sectors to mitigate risks and ensure more resilient and efficient systems in the face of global challenges.

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