Riggs: Hello, everyone. It is Thursday, again, the 19th of March 2020, and we're in our insider briefing. This is the more intimate version of the big webinar that we do on the first Thursday of every month. The next first Thursday, of course, will be on the second week after next, so we have one more insider briefing, and then the big video webinar, which should be a lot of fun.
Lots going on right now. You don't want to hear more about the virus. It's like the topic of discussion. I won't get into it. Rather, this is about economic planning around the disruption caused by it, and so what we are all about here is we are in a pandemic that has caused supply chains to be disrupted, and we see now that the just-in-time philosophy of supply chains is a real problem because all of a sudden, people are rushing to get toilet paper. But then, just in time means you only have so much in your various warehouses along the way, and then if there's a disruption, you're in trouble.
So I think people are going to be rethinking their just-in-time philosophy and maybe doing more amassing of inventory. Also, I think China has continued to lose a lot of prestige. We are going to see a diversification internationally of places like Vietnam, Malaysia, even Europe, and of course, the good old US of A. Now, in order for the US to really get into the business of supplying its own market, which it used to do, it's going to have to invest heavily in automation. So that is actually going to create a boom for the technology sector. Also, it is going to put some pressure on making the properties work with the water part. Of course, we are all about water, and Water Is The New Gold, of course, but what is it about specifically?
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