The coronavirus pandemic is disrupting the concept of globalization.

Are we now at the end of globalisation?

Or will we be witnessing a re-emergence of stronger global relationships? I doubt...

Global Disruption – Doubtful If Globalisation Is Still Relevant

Why my doubts...?

It seems we will begin to see a strong focus on local the local markets… a shift from global markets.

Nationalism

The first actions of many national governments taken so far focused on protecting their citizens and closing their borders. Very little considerations were given to globalisation. Non-citizens were turned back irrespective of their conditions.

There are millions of refugees (country-less people) scattered across the regions of the world. Nobody is talking about them. No coronavirus tests being conducted for the refugees. Maybe because we all regard them as quarantined already.

Pharmaceutical and Health

We are now witnessing country-based efforts in the pursuit of research and development of vaccines for coronavirus. Each country is funding her own research – very little global funding or global connectivity. Interestingly also, we now have chloroquine and hydroxychloroquine under clinical trials to fight the coronavirus pandemic.

But what is happening is that some countries are already placing chloroquine and hydroxychloroquine under export controls. Worrisome: nationalism vs globalisation?

Supply chain

Most companies that depended on global supply chains are heavily impacted by the disruption of the supply chain by the coronavirus. A lot of cargo ships are lying in the international waters and not able to offload their cargo because they are not allowed entries into their countries of destination.

Expatriation and External Consultants.

Companies that depended heavily on foreign manpower and multinational consultants are the most disrupted in the present circumstance. Movement of manpower across the border is now eroded. Even then, virtual working across the regions have limitation. Because even in our globalisation, distance still matters.

People are now working from home. Will they really want to readjust back to normal physical office life?

Strategy For The Future

As a business leader, you must prepare for a future business discontinuity. Because this will surely again happen in the future as it has a historical perspective. The world of business is fluid and driven by uncertainty.

After the wave of COVID-19, businesses will try to re-enter the market but there will be general aggressive competitiveness in market re-entry.

Companies that will quickly bounce back are those that depend more on local supply chains and home-based expertise. So what should companies do now to prepare for future national and/or global crisis?

• Encourage local suppliers to develop their capabilities and the availabilities of their supplies. You can adapt the program of Contract Optimisation Review (COR) whereby companies work with their suppliers/contractors to remove waste from the supply chain and create mutual value.

• Invest in the development of local manpower to give their company flexibility during the period of crisis. Also, consider business and finance transformation with strong corporate governance.

• Prepare for the post-COVID business competitiveness. This is the time to conduct strategy reviews (corporate, business and functional strategies) to ensure your organisation is agile can respond to upsurge in the market. Early movers will have an advantage because the current crisis is not just a threat but also a basket of opportunities.

• Reliance on local consultants. Your company may need to start relying more on local consultants who have hands-on knowledge of the local operating environment. I will suggest your company collaborates more with local consultants to develop innovative and sustainable local solutions. This is evidently what is taking place all over the world now.

Request For Our Services

We can work with your company to develop and implement a business strategy that will drive growth and secure a competitive advantage.

Request For Proposal: â–¼

https://www.www.gabrieldomale.com/submit-rfp.php

Gabriel Domale Consulting, under the leadership of Dr Leesi Gborogbosi, has the expertise to help companies to develop and implement cost reduction programs as a competitive advantage. We will provide support in cost analysis, contract management, contract optimisation review, contract tender boards and transparent performance management, and compliance monitoring.

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+2347034604152

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https://www.www.gabrieldomale.com

Dr Leesi Gborogbosi worked with Shell Nigeria, a Royal Dutch Shell Company, a leader in the oil and gas industry, for 26 years. He was Project Finance Manager of Upstream Oil & Gas Projects (Headline size: $8 bln) - Southern Swamp Associated Gas System, Forcados Yokri Integrated Project, Otumara, Adibawa, Agbada and Assa North/Ohaji South Projects. 

Dr Leesi provided advisory services namely, strategic planning, budget management, contract performance review, knowledge management of third party cost reduction, supplier financial risks assessment and mitigation plan, funding strategy and risk management. These services covered the full life cycle of 7 major upstream oil/gas projects, power facilities and export pipelines.

See his profile: https://www.www.gabrieldomale.com/blog/consulting-my-drive-is-to-help-companies-in-africa-to-grow

Our leading consultants are ex-managers from the oil and gas industry with a minimum of two decades of hands-on leadership experience and insights.

Our Consulting Services Include:

1. Finance.
2. Value-For-Money Audit.
3. Taxation & Audit.
4. Strategy.
5. Contracting Strategy.
6. Budget & Planning.
7. Performance Management.
8. Merger & Acquisition.
9. Due Diligence & Deal Advisory.
10. Governance, Risk & Compliance.
11. Leadership Training.
12. Human Capital.
13. CFO & Non-Executive Director - Search.
14. Transformation.
15. Cost Reduction & Optimization.
16. Facilities Management.
17. Digital/Data Analytics.
18. Public Sector.
19. Institutional Reforms.      

Core Sectors We Focus On In Delivering Consulting Services

1. Oil & Gas.
2. Capital Projects / Construction.
3. FMCGs.
4. Hospitality.
5. Technology.
6. Financial Services.
7. Public Sector.
8. Agriculture.
9. Non-Profit Organisations.

Our Value Propositions

Gabriel Domale Consulting collaborates with finance leaders to make crucial decisions and optimize performance. By focusing on financial excellence in finance systems, accounting operations, budgeting, finance transformation, cost reduction, governance, risk, and compliance.

We provide support to business and finance leaders to help them to identify growth opportunities and create value. Using excellence in strategy implementation, capital efficiency, building strategy, planning frameworks and the crafting of innovative funding solutions. We deliver projects within costs.

Read more: https://www.www.gabrieldomale.com/blog/management-consulting-services-by-gabriel-domale-consulting