The Propulsion 2023 session "What to Expect from an Increasingly Complex World" features a presentation by Bruce Mehlman, renowned political analyst and founder of Mehlman Consulting.
KEY INSIGHTS:
- “Globalization is no longer widely embraced as a universal good.”
- "CEOs are being told, don't just focus on shareholders. Think about broader stakeholders as well. That may make companies run in a more societally beneficial way, but it's inflationary. It's not only just in time, it's also just in case. So companies are having deeper inventories, they're looking for multiple suppliers, not just the lowest cost one, but one that maybe has less climate risk or less geopolitical risk."
- "The China crackdown will drive both pain and opportunity for business pain. Export controls will keep getting harder. Outbound investment restrictions are in place and they're only going to get tighter. Limits are up and will remain up on cross-border data flows. The decoupling of supply chains in dual use high tech—it's already been happening as with advanced semiconductors and it's only going to happen that much more, with concern about human rights as well."
