The era of fragmentation

The world swings in a pendulum between centralisation and fragmentation.

The world swings between two poles

The world, or at least the industry, tends to swing between two poles. It seems that we are seeing a shift swing away from the direction of the past 10–20 years.

Those poles are between fragmentation and centralisation, globalisation and localisation. The past 10–20 years have been largely characterised by centralisation and globalisation.