Kumar Mangalam Birla says that 'slowbalization' will define the decade

NEW DELHI: for billionaires Kumar Mangalam Birla , the world is no longer flat.

Tensions between nationalism and globalization will likely be the most defining trend of the new decade, he said in a personal statement on LinkedIn, after climate change seized the global narrative in 2019. Being rooted in regional economies protects Global business entanglement companies said. .

While the march of globalization is perhaps inevitable, what is certain is that the world is no longer flat, Birla wrote. As globalization gives way to ‘ slow , The emerging trend pattern is more regional.

Birla cited examples of the units of its conglomerate, Novelis Inc and Birla Carbon, as navigating the changing business environment with a regional focus. His Aditya Birla Group ventured to Thailand 50 years ago and gets more than half of its income from abroad.

He also had words of admiration for Greta Thunberg, the high-profile teenage activist who has become the face of a global movement against climate change. Birla said companies are now forced to think about generating revenue and ensuring sustainability.

Greta Thunberg may well be the conscience of Generation Z, wrote Birla, 52. “You can agree with them. You may disagree with them. But you can't ignore them anymore.