At the 2025 World Economic Forum in Davos, Joe Ngai, chairman of McKinsey Greater China, addressed global business leaders about the shifting tides of international trade. With the world becoming increasingly interconnected yet politically complex, Ngai’s words struck a chord with many, especially young entrepreneurs from the Global South.
“Geopolitical tensions are creating a new normal of volatility and uncertainty,” Ngai remarked. “Trade barriers and tariffs aren’t just headlines—they’re realities that affect how businesses operate daily.”
Ngai emphasized that while these challenges are significant, they also present unique opportunities. “China’s economy remains strong and continues to grow,” he said. “This growth can serve as a catalyst for companies willing to adapt and innovate.”
He encouraged young business minds to view uncertainty as a chance to think differently. “We need to embrace change and be proactive,” Ngai advised. “By staying agile and open-minded, we can turn challenges into opportunities.”
For many young adults in rapidly developing regions, Ngai’s message is clear: In a world of constant change, adaptability and innovation are keys to success.
Reference(s):
McKinsey China: Businesses prepared for volatility and uncertainty
cgtn.com
