young workers prioritise work-life-balance over being a chief executive, said Tapan Singhel, chief executive, Bajaj Allianz General Insurance at the summit on Saturday during a panel discussion on «Power Shifts to Profits: The Age of Meritocracy».
«Being a CEO is not their (young people's) life anymore,» he added, and there has been a generational transition from the concept of "work is worship" towards work-life balance. He mentioned Infosys co-founder Narayana Murthy's comments on working 70 hours a week, while pointing out that developed countries like Germany are experimenting with a four-day work week. «Most young workers consider work life balance important, » Singhel said.
Highlighting the importance of resilience in the backdrop of disruptions caused in the past few years by the pandemic, geopolitical situations such as the Russia-Ukraine war, the Middle East conflict and shipping disruptions in the Red Sea which led to increase in food prices, Kami Viswanathan, president, Middle East, Indian subcontinent and Africa, FedEx said that focus on local businesses is important.
«There has been a big spotlight on local businesses for supply chain resilience and adaptability,» and India is a beneficiary, Viswanathan said, adding that shifting global value chains