'World faces delayed economic recovery from COVID-19 crisis,' say global CEOs at GMIS-2020

HANNOVER, Germany, 5th September, 2020 (WAM) -- The world faces a long and difficult road towards a full economic recovery despite the benefits of advanced technology, the potential imminent development of a vaccine for COVID-19, and government stimulus packages that have so far pumped over $10 trillion into the global economy, according to a panel of leaders representing some of the world’s largest organisations at the Virtual Edition of the Global Manufacturing and Industrialisation Summit (#GMIS2020) which is being held on September 4-5.

In his keynote speech, Patrice Caine, Chairman and CEO, Thales Group, said: "As the world is getting increasingly unpredictable, it’s vital that people have confidence in the ability of institutions and companies to perform their roles and successfully address the challenges ahead. What has become evident this year is that agility and resilience are at the forefront of adapting to a new normal and building a future we can all trust.

"Our investment in human capital needs to evolve and strengthen with a view to driving success. Countries and companies can continue to be pioneering only if they pay more attention to their role in education. Education leads to innovation; and we must continue to innovate to be better prepared to face any unexpected crises and to help society bounce back and sustainability move forward."

Under the theme – Glocalisation: Towards Sustainable and Inclusive Global Value Chains, the third edition of the Global Manufacturing and Industrialisation Summit (#GMIS2020), a joint initiative by the United Arab Emirates and the United Nations Industrial Development Organization (UNIDO), has gathered a cross-section of close to 100 global leaders from the world’s public and private sector to participate across more than 20 virtual sessions to discuss pathways to accelerate the role of fourth industrial revolution (4IR) technologies to build more resilient global value chains and restore prosperity in a post-pandemic world.