Pivot

A pivot is a strategic shift in a company's business model, operations, or focus in response to market changes, regulatory pressures, or new opportunities. It involves redirecting resources and efforts to a different direction to achieve growth or sustainability.

Why it’s in the news: Pivots are in the news as companies and governments adapt to geopolitical shifts, like US bans on Chinese technology, and evolving market demands, such as defense contracts.

Latest on Pivot

• US distributor of China’s most popular humanoid robots pivots after US ban
• Mitsubishi Motors plots pivot to US, Australia with partners' help
• Trump’s North Korea pivot is a warning for Japan
• In Meta's trial, families of social media victims see pivotal moment for online safety
• LG Energy may supply batteries for U.S. drones in pivot to defense

Connections

2 entities linked to Pivot across the news graph.