Thierry Malleret who is the managing partner of the Monthly Barometer, which is one of the leading global monthly newsletters that distills into a highly analytical and predictive one-pager the macro issues relevant to executives and decision-makers across the world.
Previously, Thierry founded and headed the Global Risk Network at the World Economic Forum.
His other professional experience includes: key positions within investment banking in several global institutions, think tanks, and academia (both in New York and Oxford) and government (with a three-year spell in the Prime Minister’s office in Paris).
His latest book, co-authored with Klaus Schwab, is titled “Covid-19: the great reset”
Listen to the full discussion here:
- Listen on Stitcher
Connect with the Guest:
Thierry Malleret: LinkedIn
Some of the highlights from the podcast:
- Interdependency of the five macro issues affecting the world
- The great reset on geopolitics and technology
- Regionalization vs globalization of supply chains
- How will the changes in individual habits affect industries around the world
- Mental health during this time of uncertainty
- [01:09] Let’s start with a couple of pointers on the book and I’d like to double click first and foremost on the economic perspective. Maybe if you could tell us what you understand by the great reset in the economy?
- [01:48] In the macro big chapter of the book, we look at economics, geopolitics, society, and environmental issues. And the fundamental point we make is that all of these five big macro issues are completely interdependent.
- [04:58] The key items of the book is that the great reset has to be executed in such a way that the global economy becomes more inclusive, more equal.
- [06:32] The tension between China and the US is happening even before the pandemic, but what are some of the trends that you see from a geopolitics perspective as well?
- [10:33] How about technology? You talked about the great reset in technology as well. Tell us a little bit about that from the book and from your perspective.
- [11:34] If you are not digitizing your operations, you are in big trouble and down to be dead in a few months or years from now. I mean, you cannot survive if your business is not digitizing.
- [13:52] You did mention a point there which was linked to resilient supply chains. And I wanted to ask you, do you see a trend of regionalization of supply chains and making it much more regional focus versus global focus than they used to be?
- [16:55] Supply chain from Asia in general plays a very critical role in the industrial activity and manufacturing activity of most European and American companies.
- [19:26] Certain supply chains are definitely much harder to move and put somewhere else and also you need the talent to operate them in the new place. What’re your thoughts?
- [21:40] You mentioned that macro reset will have three main effects. I just want to first start with the number one which is the talent pool will become even more global, which will actually push wages down. Tell us a little bit about that.
- [24:48] You also mentioned the other two big effects, one, the winner takes all principle will become even more prevalent. Two, the need to scale up will likely favor large companies to the detriment of smaller ones. What could startups do? Maybe you can tell us a bit about it.
- [27:07] In industry terms, big winners are likely to be the largest companies because they benefit from what is absolutely critical to growing, which is network effects.
- [29:17] I want to take some time to also go a little bit in the last chapter of the book, which is about the individual reset. Tell us a little bit about what individuals and what we as personal persons could do after this COVID-19 situation.
- [33:20] The question is how will our habits change in a structural and permanent manner after the pandemic passes and how would it impact industries around the world?
- [35:25] A big item on this individual research agenda is mental health. COVID-19 obviously because of the uncertainties and changes lead to anxiety or mental health issues. What’s your view on that?
- [37:50] Tremendous amount of academic literature shows that being in nature and outside among trees, for example, benefits our physical and mental wellbeing, as well as our cognitive capabilities.
Soundbite from the Episode:
About the Host:
The host, Radu Palamariu is the co-author of “From Source to Sold – Stories of Leadership in Supply Chain”. He has been named one of the top 3 Global Supply Chain Influencers on LinkedIn and was featured in Forbes, Bloomberg, WEF, Bangkok Post, and MIT Supply Chain Talent magazine. Radu invites executives to share stories and perspectives around technology, logistics, e-commerce, supply chain, and manufacturing, and their views on how the future will look.
Alcott Global connects and upgrades the supply chain ecosystem by finding the right talent through executive search, developing talent through learning solutions, and meeting supply chain technology needs through a comprehensive crunch base marketplace.
The supply chain executive search has been our focus since the very beginning, offering recruitment services for top-tier supply chain roles at every level of the end-to-end supply chain: plan, source / procure, make, and deliver. Our consultants have years of experience in placing top talent, in North America, LATAM, Europe, the Middle East & Africa, and APAC, and besides speed, one of our biggest strengths is our network within the supply chain industry, and we capitalize on it to find the best solutions.
Through the years, we have grown as an organization and our offerings with it. One of our initiatives, the learning solutions- training and supply chain academy, is focused on transforming leadership- self-leadership, executive presence, influence capital, and business acumen. Through Supplify, we aim to match corporations with the top technology companies to solve their supply chain and logistics challenges with a focus on innovation and digital transformation.
We are in constant touch with the leaders in supply chain, inviting them to inspire the supply chain professionals in thought-provoking podcast episodes and events, and showcasing what is possible at the yearly Leaders in Supply Chain Awards.