Sourcing-related reading selected by the Global Sources content team.
Automation of sourcing and procurement will drive efficiencies and increase business agility to better manage risk, seize opportunities. Alex Yakubovich of Workday outlines how new, cloud-based technologies will enable faster changes.
5G, the newest and fastest wireless mobile network has also been met with controversies on the health risks it imposes. These include headaches, cancer and even COVID-19. However, there is still not enough sound evidence that prove such claims. One thing is certain: 5G does not spread COVID infections nor make humans more susceptible to viruses.
If there’s work, study and shop from home, there’s also consult from home. The same technologies apply, ensuring little to no disruption through remote access. In healthcare, telemedicine has become an option for delivering healthcare services without requiring patients to travel to hospitals. In remote areas, general practitioners can use connected diagnostic equipment and live video conferencing with specialists to help make an advanced examination. In the same way, a surgeon can direct doctors and nurses remotely to perform emergency procedures. This trend, accelerated by the COVID-19 pandemic, is expected to outlast it. According to Juniper Research, the number of teleconsultations around the world will reach 765 million in 2025, up from 348 million in 2020.
“The bottom line is that China-appropriate contracts with the right party work well, but contracts that are not tailored for China or are with the wrong party are typically worse than having no contract at all.” China Law Blog discusses how to get contracts right if you want them to be enforceable in the PRC.
Electric vehicles (EVs) only accounted for around 3.2% of global car sales in 2020—a figure that’s set to grow in the coming decade, largely due to falling EV battery costs. With rising production and technological improvements, batteries are becoming cheaper to produce, making EVs increasingly competitive with gas-powered cars.
That’s all for this edition of the Friday links – have a great weekend.