Half of All UK Companies Fall Into Bottom Quadrant of Competitiveness, Posing Threat to UK’s Future Prosperity, New Research Reveals

LONDON–(BUSINESS WIRE)–Oct 12, 2020–

A new model of competitiveness devised by academics at Goldsmiths, University of London in partnership with Microsoft scores almost half (46%) of UK firms in the lowest quadrant, posing a threat to Britain’s prosperity as organisations rally from the impact of COVID-19, and prepare for Brexit as UK-EU negotiations reach their conclusion.

The research finds that more than half (54%) of UK organisations surveyed have seen a decrease in revenue this year compared to last year, with more than one in five (22%) experiencing a drop greater than 15%. The same proportion (22%) had to scrap an existing business model within days of entering the UK’s first lockdown, and 45% of leaders surveyed expect their current business model will cease to exist in 5 years’ time – an increase of 12% over the past year.

However, the model also identifies minimal, rapid changes that UK organisations

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GAC Group Demonstrating its global competitiveness as it brings the latest technology to the Beijing Auto Show

In Bejing, GAC Group showcased a new power technology: “Mega Wave Power”, creating a new generation of powertrain products with more power, more agile response and lower fuel consumption. After 12 years of R&D, the “Mega Wave Power” has pioneered a complete power product architecture. The fourth generation 2.0ATK engine was independently certified to have achieved 42.10% thermal efficiency, beating current gasoline engine benchmarks in the world. Based on this platform,GAC is planning to launch several new models to bring new energy-saving mobility solutions to consumers.

GAC Group’s convertible coupe ENPULSE’s debut at the auto show was highly anticipated. Designed at the GAC R&D Center, Silicon Valley, this fully electric sports car combines aerodynamic design and a sporty flair painted with a new “electric light-emitting” paint to achieve synergy between interior and exterior design. In addition, AR-HUD technology has been incorporated, creatively creating a gaming experience while

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