The global environment is increasingly uncertain. Best to be prepared: Sridhar Vembu
Zoho Corporation’s founder and CEO, Sridhar Vembu, has highlighted how there has been a slowdown in new order flow in the past few weeks at Zoho. In fact, this is a trend being observed not just at Zoho but at several other companies; he pointed out. I heard from a manufacturing industry friend in India that the past 3-4 weeks have seen a sudden slow down in new orders. He said other companies he knows are seeing it as well.We have seen a slow down in new order flow in the past few weeks in Zoho as well.— Sridhar Vembu (@svembu) May 13, 2022 Global downturn When asked by someone in the same Twitter thread, about the cause, for this fall in demand, who speculated reasons such as India’s neutral stand on the ongoing war crisis and standing against western stalwarts, Vembu disagreed and pointed out a larger concern. He said, “That is not likely the reason. The EU may be in a recession. The US seems close. Japan is in perpetual doldrums. China is not well. This appears to be a synchronised global downturn.” That is not likely the reason. EU may be in a recession. The US seems close. Japan is in perpetual doldrums. China is not well.This appears to be a synchronized global downturn.— Sridhar Vembu (@svembu) May 13, 2022 Vembu also alerted that the global environment is increasingly uncertain, and being prepared for it is the best option. 1/ I am sharing the message I have been giving our employees below."The world faces many serious challenges, that include extremely high levels of debt, serial bubbles in most markets, climate change, pandemic, inflation and now war. The global economy is not at all healthy."— Sridhar Vembu (@svembu) March 7, 2022 https://twitter.com/svembu/status/1500762402169982978?s=20&t=_lQxvIGVVvxzZv6eG9KRpA Others also pointed out a similar trend observed. Textile markets in bhiwandi have collapsed since may begining new orders have dried up— varun mundra (@varunpgd) May 13, 2022 Recession in the US Just a few days ago, in an interview with CBS’ “Face the Nation”, former Goldman Sachs CEO and present Senior Chairman Lloyd Blankfein asked companies and consumers to brace for an imminent recession in the US, saying it’s a “very, very high risk”. He had added that irrespective of whether you run a big company or you are a consumer, one should be very prepared for what is in store. We’re headed straight into a recession if we continue down the path Joe Biden and his Democrats have us on.We can’t keep up this endless spending. We can’t keep passing insane omnibus budgets.It’s time for leaders who will be a hard “NO!” on Biden’s endless spending sprees!— Kathy Barnette (@Kathy4Truth) May 8, 2022
“Irrespective of whether you run a big company or you are a consumer, one should be very prepared for what is in store.” Lloyd Blankfein
Synchronised global downturn knocking at the door, warns Sridhar Vembu.
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I am a technology journalist at AIM. What gets me excited is deep-diving into new-age technologies and analysing how they impact us for the greater good.

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