Commentary: The deadly sin of the middle class
Energy, battery cells, AI, rare earths - the dependencies of German companies are well known. So are geopolitical risks. Is it time to anchor sovereignty (again) as a business goal?
The situation in the Strait of Hormuz is affecting not only energy and stock markets, but also the purchasing departments of many family businesses. Despite the pandemic highlighting their dependencies in supply chains, many medium-sized companies still rely heavily on non-democratic countries for fossil fuels, China for battery cells and rare earths, and the US for software, cloud services, and AI applications.
The US government's recent order for AI company Anthropic to restrict access to its latest models for non-US citizens has served as a wake-up call. The current drought has also exposed the lack of business solutions to address dependence on climate and climate change.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
