TOKYO -- Companies need to pay attention to local regulations instead of simply pursuing global scale to maximize profits, experts agreed on Friday, as the Russia-Ukraine war and growing U.S.-China tensions disrupt supply chains.
The Future of Asia 2022
Business 'costs will go up' in divided world, expert tells Nikkei forum
Ukraine war, U.S.-China rivalry force dramatic shift in strategies
Raymund Chao, chairman for the Asia-Pacific and China at consultancy PwC, appears on screen during a discussion with Japan Association of Corporate Executives Vice Chairman Mitsunobu Koshiba. (Photo by Suzu Takahashi)
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