While the pandemic has led many to predict globalization's demise, these predictions are premature. As I shared with David Westin, globalization is evolving rather than receding. Instead of being funded by banks, globalization is now fueled by the securities markets. COVID-19 exposed the risks of highly concentrated supply chains and firms will likely diversify away from key hubs to new countries and regions. And finally, the pandemic has accelerated the adoption of new technologies across many sectors which will drive globalization's next wave – services – with profound implications for businesses and investors. #Globalization #DigitalChange #AssetManagement