With the widespread use and popularization of advanced information and communications technologies, these developments are taking place at a speed not imaginable in the past. As a manager of a manufacturing firm has stated, "Demand has evaporated in a market where, until recently, supply could not keep up with the increase in demand."
Frank Elderson: Delivering on the Glasgow Declaration - actions by the European Central Bank on the road through Sharm El-Sheikh to a Paris-compatible path Panel contribution by Mr Frank Elderson, Member of the Executive Board of the European Central Bank and Vice-Chair of the Supervisory Board of the European Central Bank, at the Euro-Mediterranean Economists Association COP27 side event on "Investing in and financing the acceleration of sustainable development in a net zero scenario", Sharm El-Sheikh, 9 November 2022.