Author: Edison Xie

The current social and economic climate, as the world battles the Covid-19 pandemic, has provided the serious impetus for digital transformation in business and in society. We will no doubt accelerate along this path, but there will be significant challenges and opportunities along the way. Digital change is incredibly difficult As any company leader knows, organisational change is challenging, no matter what form it takes. This is particularly so, when it affects the fundamental ways of doing business, for instance taking a bricks-and-mortar organisation online. A McKinsey survey1 found that only around 30% of digital transformations are successful. Any business…

Some senior officials in the Trump administration have put forward new measures to restrict the global supply of chips to Huawei Technologies, at a time when the COVID-19 pandemic impacts economic growth around the world. Under the proposed rule change, foreign companies that use U.S. chip-making equipment would be required to obtain a U.S. license before supplying certain chips to Huawei. Analysts say this could backfire on U.S. companies as the latter will develop their own supply chain. A report by the Boston Consulting Group states further escalation in U.S. export control to Huawei will result in, and end U.S…