CDK's purchase of Auto/Mate may create a major disruption in the dealer management system (DMS) industry. Here is our take. DOWNLOAD
When a friend posted this picture on Facebook, first I laughed and thought back to those crazy college days with pranks and practical jokes involving duct tape. Then my thoughts wandered into the humor of my adult life, where I joke about things being held together with duct tape and Popsicle sticks.
While watching the news recently, it has dawned on me there is another meaning to this photo. We live in a global economy that is being held together by “virtual duct tape”. Think about it! When one culture or nation is struggling against another, or there is a devastating natural disaster or even a terrorist event; the impact is not just felt locally. A localized event that has fingers that stretch beyond boarders can impact our global environment, universal commerce and trade relationships or even individual industries and consumers worldwide. We all have to make adjustments because one of the pieces of the “global economy duct tape” gave way. What happens in Asia, Europe, the Middle East or any other of our global neighbors, happens to us too!
Our highly complex global economy hums along quite nicely with all the pieces of “virtual duct tape” holding it together, but what happens when more than one piece of the “virtual duct tape” gives way? What will happen if there is a natural disaster and a man-made disaster at the same time in two different regions of the world? How do you think the global economy will be impacted? I don’t believe silence will be as golden as once thought. I think our global neighborhood could get a little loud as the pieces of “virtual duct tape” start to unravel one by one.
Remaining silent and hoping that nothing happens is a bit like planning to win the lottery without buying a ticket. Get out your soap box! Be a stand for your voice and let your voice be a stand for making a difference in our global neighborhood. Your words might just be the seed that revolutionizes the way we apply “virtual duct tape” to our global economy or make “virtual duct tape” a thing of the past.
Copyright © 2014, Stephanie Young All rights reserved.