Jamaica a logistics centred economy thriving in the Fourth Industrial Revolution
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How can a small island developing state like Jamaica thrive in the Fourth Industrial Revolution? The answer is simply: having and implementing a vision that will allow it to secure its future in this age of disruption — the Global Logistics Hub Initiative. Jamaica’s Global Logistics Hub Initiative is Jamaica’s response for building a resilient and sustainable nation in the Fourth Industrial Revolution. Artificial Intelligence (AI), robots, automation, and the Internet of Things (IoT) — the Fourth industrial Revolution — are all tech terms that have moved into the mainstream of our everyday conversations. Unfortunately the talk is usually one of doom and gloom, punctuated by predictions such as: Robots could displace 800 million jobs. With such grim predictions, who would not pay attention? So what can a small island developing state like Jamaica do to get ready for this future? It’s important to understand that, as William Gibson stated: “The future is already here — it’s just not very evenly distributed.” The Fourth industrial Revolution is already here — it’s just not evenly distributed. And this represents an opportunity for Jamaica. The Fourth Industrial Revolution can be boiled down to three things: 1. Connectivity 2. Flows 3. Management of connectivity and flows. In a word: logistics. Competitiveness, in our globalized world is increasingly based on one’s ability to understand, connect and manoeuvre within and between the various networks that make the world work. The Logistics Performance Index (LPI) 2014 put it succinctly: “Improving logistics performance is at the core of the economic growth and competitiveness agenda.”
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Authored by: Meagan Crawford, Internal Economist at PeoplePerHour
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Knight Frank - Global Cities 2017 - Final HR
This document discusses key trends shaping the global economy and real estate markets. Three main points:
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3) Cities that attract talented, educated workers will thrive as the modern economy values people over physical assets. Real estate seeking to build environments for these workers will succeed.
Global Cities 2017
This document discusses trends shaping the global economy and real estate markets in leading cities. It makes three key points:
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2) Forces of "creative destruction" are disrupting traditional industries and shifting economic activity to new innovation hubs. Real estate in major cities offers flexibility to adapt.
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E Business Overview Edit
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Chapter 11 Globalization and the Digital Divide Learnin.docx
Chapter 11: Globalization and
the Digital Divide
Learning Objectives
Upon successful completion of this chapter, you will be
able to:
• explain the concept of globalization;
• describe the role of information technology in
globalization;
• identify the issues experienced by firms as they
face a global economy; and
• define the digital divide and explain Nielsen’s three
stages of the digital divide.
Introduction
The Internet has wired the world. Today it is just as simple to
communicate with someone on the other side of the world as it
is to talk to someone next door. But keep in mind that many
businesses attempted to outsource different needs in technology,
only to discover that near-sourcing (outsourcing to countries to
Chapter 11: Globalization and the
Digital Divide | 245
Internet
Statistics by
Continent.
Source:
https://www
.internetworl
dstats.com/
stats.htm.
(Click to
enlarge)
which your country is physically connected) had greater advantage.
This chapter looks at the implications of globalization and the
impact it is having on the world.
What Is Globalization?
Globalization refers to the integration of goods, services, and
culture among the nations of the world. Globalization is not
necessarily a new phenomenon. In many ways globalization has
existed since the days of European colonization. Further advances
in telecommunication and transportation technologies accelerated
globalization. The advent of the the worldwide Internet has made all
nations virtual next door neighbors.
The Internet is truly a worldwide phenomenon. As of December
2017 the Internet was being used by over 4.1 billion people world
wide.
1
From its initial beginnings in the United States in the 1970s to
the development of the World Wide Web in the 1990s to the social
networks and e-commerce of today, the Internet has continued to
increase the integration between countries, making globalization a
fact of life for citizens all over the world.
1. [1]
246 | Information Systems for Business and Beyond (2019)
https://www.internetworldstats.com/stats.htm
https://www.internetworldstats.com/stats.htm
The Network Society
In 1996 social-sciences researcher Manuel Castells published The
Rise of the Network Society, in which he identified new ways
economic activity was being organized around the networks that
the new telecommunication technologies had provided. This new,
global economic activity was different from the past, because “it
is an economy with the capacity to work as a unit in real time on
a planetary scale.”
2
Having a world connected via the Internet has
some massive implications.
The World Is Flat
Thomas Friedman’s 2005 book The World Is Flat uses anecdotal
evidence to present the impact the personal computer, the Internet,
and communication software have had on business, specifically the
impact on globalization. Three eras of globalization are defi.
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2. Why are they important?
3. How are they connected to supply chain management?
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Innovation in logistics and supply chain management blockchains
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- 1. JAMAICA A LOGISTICS CENTRED ECONOMY THRIVING IN THE FOURTH INDUSTRIAL REVOLUTION By: Ainsley Brown January 2019
- 2. “WE LIVE IN THE ERA OF ACCELERATED CHANGE, OVERWHELMING COMPLEXITY, TREMENDOUS COMPETITION AND LIGHTNING COMMUNICATION. - PETER DRUCKER
- 4. POKÉMON GO The game amassed 50 million users in just 19 days. • Automobiles (62 years), • Telephones (50 years) • Credit cards (28 years).
- 5. TECHNOLOGY ADOPTION IN THE US
- 8. TECHNOLOGIES ASSOCIATED WITH THE 4IR
- 9. A MORE DETAILED LOOK
- 11. CYBER PHYSICAL AND BEYOND
- 12. THE 4IR, WHY NOW?
- 13. THE CONVERGENCE OF 1. Connectivity 2. Flows 3. Management of connectivity and flow
- 14. CONNECTIVITY
- 17. GLOBAL SHIPPING
- 18. GROWTH OF DATA FLOWS
- 19. FLOW OF GOODS
- 20. WORLD TRADE
- 21. MANAGEMENT OF CONNECTIVITY AND FLOWS
- 23. STARBUCKS COFFEE SUPPLY CHAIN
- 30. PADMAN WARRIOR, CHIEF TECHNOLOGY STRATEGY OFFICER, CISCO • In 2013 80 new things were being connected to internet every sec • That is nearly 7 million per day, 2.5 billion per year • In 2014, the number reached almost 100 per second • By 2020 it’ll grow to more than 250 per second, or 7.8 billion per year • That’s more than 50 billion things connected to internet by 2020
- 32. The future ain’t what it used to be. – Yogi Berra
- 34. THE FACTORY OF THE FUTURE WILL HAVE ONLY TWO EMPLOYEES, A MAN AND A DOG. THE MAN WILL BE THERE TO FEED THE DOG. - WARREN BENNIS
- 39. "JOBS DON'T HAVE FUTURES, PEOPLE DO" - EARL KNIGHTINGALE
- 40. MORE JOBS CREATED THAN DESTROYED A Gartner study estimated AI will by 2020: Destroy 1.8 million jobs But Create 2.3 million jobs.
- 41. WHICH FUTURE WILL IT BE?
- 42. HERE AND NOW
- 43. THE CHANGE JOBS LANDSCAPE
- 44. HOW DOES A SMALL ISLAND DEVELOPING STATE LIKE JAMAICA RESPOND?
- 45. LOGISTICS HUB INITIATIVE Jamaica’s Global Logistics Hub Initiative is Jamaica’s response for building a resilient and sustainable nation in the Fourth Industrial Revolution
- 46. WHAT IS THE LOGISTIC CENTRED ECONOMY?
- 47. INTERRELATED NETWORKS OF HARD AND SOFT INFRASTRUCTURE…
- 50. WHAT IS THE LOGISTICS CENTRED ECONOMY?
- 54. WHAT IS THE LOGISTICS HUB? • 1. Maritime • 2. Aviation • 3. Production/Distribution • 4. Data/ICT • 5. International Financial Services • 6. Internal Logistics
- 61. JEFF BEZOS, FOUNDER OF AMAZON
- 62. “I very frequently get the question: 'What's going to change in the next 10 years?' And that is a very interesting question; it's a very common one. I almost never get the question: 'What's not going to change in the next 10 years?' And I submit to you that that second question is actually the more important of the two -- because you can build a business strategy around the things that are stable in time. - Jeff Bezos
- 63. HEALTHCARE
- 66. SPORTS
- 67. 3D PRINTING
- 68. EDUCATION • Discussions about the “future of work” quickly turn into discussions about the “future of education.” • In the current digital environment, we need a transformation from “knowledge-based” education to “skills-based” training.
- 69. REINVENTING EDUCATION IS A CHALLENGING BUT URGENT TASK. WE ARE WITNESSING AN EXPONENTIAL GROWTH OF TECHNOLOGY. ARTIFICIAL INTELLIGENCE, SENSORS, DATA-ANALYTICS, AND BLOCKCHAIN (TO NAME A FEW) ARE AMPLIFYING AND ACCELERATING EACH OTHER. – ERIK P.M. VERMEULEN
- 70. SKILLS
- 71. THE WAY WE TEACH HAS TO CHANGE NOT JUST WHAT WE TEACH.
- 72. BETTER ALIGNMENT OF INDUSTRY WITH EDUCATION
- 73. ACKNOWLEDGEMENTS • Ammesha Samuels, my fiancé • Latoya Ashman, JSEZA - Technical Coordinator • Jamaica Special Economic Zone Authority (JSEZA)
- 74. RESOURCES • World Economic Forum: https://www.weforum.org/ • World Economic Forum Transformation Maps: https://toplink.weforum.org/knowledge/explore • Commercial Law International http://www.commerciallawinternational.com/?p=2610 • Introducing the Technology Pioneers Cohort of 2018: https://widgets.weforum.org/techpioneers- 2018/ • Edshelf: https://edshelf.com/
Editor's Notes
- Footnote: Cisco estimates that between 2013-2020 the internet of things will generate $19 trillion…think about that for a sec….the US economy is just under $15 trillion