Blog – Geopolitical Risks – COVID19
1. Israel is leading the world in terms of vaccinations - https://www.israelhayom.com/2021/04/19/in-another-sign-of-economic-recovery-deficit-drops-to-12-of-gdp/
2. Vaccines vs. new variants - https://www.healthline.com/health-news/covid-19-vaccines-are-still-effective-amid-rising-number-of-variants
3. https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/ - Canada has the contracts in terms of vaccinations - https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/. However, the problem has been with getting the vaccines - https://www.reuters.com/business/healthcare-pharmaceuticals/moderna-ceo-says-world-faces-2022-covid-vaccine-production-surplus-2021-04-23/
4. Jobs are not coming back - https://mises.org/wire/jobless-recovery-coming-europe
5. GDP risks - https://www.swissre.com/media/news-releases/nr-20210422-economics-of-climate-change-risks.html
6. Small businesses and global supply chain - https://covid19.etradeforall.org/news/the-effects-of-the-covid-19-pandemic-on-small-businesses-and-global-value-chains/
7. Global ESG reporting standards are coming - https://www.fastcompany.com/90627951/5-things-you-need-to-know-about-the-future-of-esg-reporting or https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
8. Rise of inflation - https://www.forbes.com/sites/forbesbusinesscouncil/2021/04/20/how-global-inflation-will-affect-businesses-and-how-they-can-prepare/?sh=2acd31e43754
9. More automation - https://cio.economictimes.indiatimes.com/news/corporate-news/48-of-businesses-to-increase-robotic-process-automation-study/77253416
10. Housing - https://time.com/5953380/climate-housing-crisis/ or https://financialpost.com/news/economy/the-housing-boom-central-banks-and-the-inflation-conundrum-2
2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. AGENDA
• Cases
• Deaths
• Vaccinations by country
• Vaccinations / Delivery
• Vaccines / Approval
• Vaccinations / Procurement
• Employment – January 2021 (USA vs Canada)
• Unemployment (Canada vs OECD and G7)
• Global GDP / Forecast
• Blog – Crisis Management
• Blog – New Normal
• Blog – Supply Chain
• Summary
• Training/Development
15. PROCUREMENT VACCINATIONS
• Issues with EMEA supply chain - https://www.wsj.com/articles/vaccine-manufacturing-issues-force-moderna-
to-cut-supplies-to-canada-u-k-11618600046
• Establishing a hub - https://www.who.int/news-room/articles-detail/establishment-of-a-covid-19-mrna-
vaccine-technology-transfer-hub-to-scale-up-global-manufacturing
• India and vaccine production - https://www.reuters.com/world/india/indias-vaccinations-fall-peak-infections-
hit-record-2021-04-16/
• South Korea and production - https://www.reuters.com/world/india/indias-vaccinations-fall-peak-infections-
hit-record-2021-04-16/
• Biden and vaccinations - https://www.fiercepharma.com/pharma/covid-19-tracker-johnson-johnson-aims-to-
test-shot-kids-president-trump-talks-firing-fauci
• Production - https://www.livemint.com/topic/coronavirus-vaccine-tracker
• Half of California have at least one shot - https://www.vancouverisawesome.com/coronavirus-covid-19-
national-news/the-latest-half-eligible-californians-have-at-least-1-shot-3634318
16. USA VS CANADA UNEMPLOYMENT RATE –
MARCH 2021
- USA created over 913K jobs in March 2021. The problem is many jobs
pay less than the average wage.
- USA manufacturing jobs have been only 53K since January 2021.
- Middle class continues to be squeeze out in the USA. Canada middle
class also took a major fall in 2020.
https://www.slideshare.net/paulyoungcga/labor-market-and-job-quality-
united-states-march-2021
Over 1.1M are still unemployed in areas that pay less than the average wage.
The jobs in demand required significant education and experience.
Liberals are failing to expand exports into emerging markets like India.
Government jobs expanded by 45K or about 15% of the total jobs.
Jobs pay less accounted for 38% of the jobs.
Goods-producing sector account for about 21% of the jobs.
The lockdown in April 2021 will likely see job losses.
https://www.slideshare.net/paulyoungcga/employment-and-labour-market-canada-
march-2021
17. GDP FORECAST
Source – Scotiabank
• Inflation is cropping up
• Debt default is on the rise
• Higher costs of commodities
• Significant challenges exist within the supply chain
• Job quality issues
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-
global-economy-march-2021 or
https://www.slideshare.net/paulyoungcga/what-is-next-for-
the-global-economy-april-2021-updated-april-23-2021
Canada is not going to hit 6.4% GDP growth in 2021 due to
ongoing battles with COVID19.
The world needs to find a better balance between protecting
the environment and growing the world economy.
18. CANADA UNEMPLOYMENT VS OECD
Source - https://betterdwelling.com/canadian-unemployment-is-55-higher-than-g7-
average-oecd/
19. BLOG – CRISIS MANAGEMENT
There are emergency management
depts for a reason. So, why has
emergency management not been
subjected to annual audits as part of
scrutinization when it comes to
geopolitical events?
https://www.slideshare.net/paulyoungcg
a/crisis-and-emergency-management-
how-best-to-manage-risk
20. AUDIT REPORT / CANADA PANDEMIC
Crisis Management
Auditor/Report
Despite nearly two decades of warnings, planning and government spending, the Public Health Agency of Canada
was not ready for the global pandemic and did not appreciate the threat it posed in its early stages, Canada's auditor
general says.
In a hard-hitting review released today, Auditor General Karen Hogan took the country's primary pandemic response
agency to task for failures in early warning, surveillance, risk assessments, data-sharing with the provinces and
follow-up on Canadian travelers who were ordered into quarantine.
"The agency was not adequately prepared to respond to the pandemic, and it underestimated the potential impact of
the virus at the onset of the pandemic," said the AG's review — one of three that looked at the Liberal government's
management of the COVID-19 crisis, which as of Thursday had killed 22,780 Canadians and brought the country's
economy to its knees.
https://www.cbc.ca/news/politics/auditor-general-pandemic-covid-phac-1.5963895
Here is my work on crisis management - https://www.slideshare.net/paulyoungcga/why-there-needs-to-be-audited-
reports-of-crisis-emergency-management-policies-and-procedures
21. CANADA GDP / JANUARY 2021
• O&G GDP continues to expand.
• Libs think hiking the carbon tax is great for a sluggish economy.
• Real Estate prices have exploded across the world.
• The green economy isn't sustainable without more direct govt subsidies.
• https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
• The world is heading to major fall!
• Here is my work on the global economy - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-
march-2021
22. NEW NORMAL
Here are many links on great work by Mckinsey Group - https://www.mckinsey.com/featured-insights/coronavirus-
leading-through-the-crisis?cid=other-eml-nsl-mip-
mck&hlkid=e220291424cb421991e4e6a3b37ecb2d&hctky=11493232&hdpid=b812b692-ed48-496d-a1e4-
9eb133561e6b#
I can add a bit more color in terms of what needs to transpire:
1. Careers in demand are those that are in areas like skills trades or healthcare or Information technology.
2. World continues to grow public sector employment at higher rate than the goods-producing sector.
3. Targeting policies that will support the reshoring of key parts of the supply chain.
4. Better balance between regulations when it comes to supporting getting goods to market.
5. More targeted focus of customers on areas like customer success to better help drive transformation of both the
public and private sectors.
6. Information technology will play a key role in terms of transforming the economy.
7. Fixing issues with global trade including the elimination of protectionism policies.
8. Reforming taxation including transforming tax acts as well as closing-down tax havens.
9. Reforming the housing market to ensure it is more affordable.
10. Reforming the size of government as part of moving to a digital model
Source - https://www.slideshare.net/paulyoungcga/new-normal-canada-and-the-world-february-2021-242414576
23. SUPPLY CHAIN
@SeanFraserMP you would think that your government would support made-in Canada solutions or is it just doublespeak
from you and your govt? https://www.canadianmanufacturing.com/manufacturing/nova-scotia-company-that-retooled-
factory-to-make-medical-gowns-loses-new-tender-267567/
Meanwhile, Biden is moving with identifying strategic parts of the supply chain! The target is areas like rare earths, chips,
medical supplies, and other areas that are important to health of the USA economy.
https://www.scmp.com/comment/opinion/article/3123943/making-us-supply-chains-stronger-bidens-policies-may-end-
looking or https://nationalinterest.org/feature/biden%E2%80%99s-supply-chain-executive-order-doesn%E2%80%99t-
boost-defense-industrial-base%E2%80%94and-%E2%80%99s-ok-179124
My work - Mar/21 - https://www.slideshare.net/paulyoungcga/how-to-reshore-supply-chain-management
24. SUMMARY
• More needs to be done to open up the economy in a safe way - https://www.slideshare.net/paulyoungcga/how-can-both-the-
public-and-private-sectors-mitigate-geopolitical-risks
• The new normal is here to stay as both public and private sector cannot afford another shutdown that happen with COVID19 -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-january-2021
• Accounting associations around the world need to push for mandatory audits of risk and crisis management -
https://www.slideshare.net/paulyoungcga/interna-audit-operational-and-performance-audit-outlook-2021-and-beyong
• The world is heading for a debt crisis - https://www.slideshare.net/paulyoungcga/debt-issues-global-debt-crisis-analysis-and-
commentary
• Macro/Micro Indicators for the United States - https://www.slideshare.net/paulyoungcga/key-macro-and-micro-indicators-
united-states-february-2021-245192755
• All levels of government need to work together to better support the private sector -
https://www.slideshare.net/paulyoungcga/how-to-fix-competitiveness-through-government-policy
• Trudeau and vaccines-” The doses from India were available due to the generosity of the Indian government and the
cancellation of contracts by countries like South Africa. These American doses aren’t being released out of true friendship with
Canada and Mexico, the Biden administration has been as protectionist on the vaccine front as the Trump administration.” -
https://torontosun.com/opinion/columnists/lilley-canada-gets-extra-doses-but-it-aint-due-to-trudeau
25. TRAINING AND DEVELOPMENT
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning, and
development then feel
free to review my material
on
https://www.udemy.com/
(search Paul Young CPA
CGA)
• These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies