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Good morning from Geneva.
That observation presents an opportunity for strategy consultants like BCG, which this week launched its Center for Geopolitics with Mr. Lang as its director.
“Most people in leadership positions today have always operated in environments where geopolitics was not an issue,” Lang said.[Those] People in their 40s and 50s today have not experienced 20 years of inflation or 60-70 years of conflict. But in the last five years, [they] We’ve experienced a series of external shocks that we were completely unprepared for… That puts a lot of pressure on leaders.”
In response, consulting firms have already developed models to forecast future trade and investment scenarios. The models take into account a massive 500 million data points across 5,000 products, 200 countries, and 10 input factors. “There’s a vacuum between deep geopolitical expertise and decisions like outsourcing and foreign direct investment that are typically determined only by labor costs,” says Lang.
The resurgence of (geo)politics in business is one of the three main strategic offerings most common among consulting firms these days – the other two being the green transition and the AI revolution – and CEO Daily readers and consulting clients ignore them at their own peril.
On that note: luck Meta is hosting an AI breakfast at the Cannes Lions conference this week, luckAI editor of Mastering AIJeremy Kahn. But the marketers he met at Cannes need to wake up, he writes. luckEye on AI Newsletter:
“At Cannes this year, I couldn’t help but feel that the advertising industry has yet to fully grasp the magnitude of the platform shift that is coming,” said Jeremy. “As AI chatbots and assistants become the primary way we access the internet and conduct e-commerce, it will profoundly change how brands reach consumers.” At Cannes, he concluded, “the tides were turning, but it’s not clear that the people partying in beach tents and on yachts noticed.”
For more news, please see below.
Peter Vanham
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Golden Goose postpones IPO
Luxury shoe brand Golden Goose is postponing plans for an IPO in Milan, citing political uncertainty ahead of European elections. The brand, owned by private equity firm Permira, had been targeting a valuation of $3.3 billion. certified It’s a hit among young consumers, with CEO Silvio Kampala previously claiming that 80% of its customers are Gen Z, or millennials. Reuters
Foreigners in Japan may have to pay more taxes
Japanese tourist destinations are considering charging foreign tourists higher to cope with an influx of tourists due to the weak yen. The mayor of Himeji, one of those destinations, said Sunday he wants to charge foreign visitors six times as much to visit its famous 400-year-old castle. Just over 3 million tourists visited Japan last month, up 9.6 percent from the same month in 2019. Bloomberg
Does social media need a warning label?
On Monday, U.S. Surgeon General Vivek Murthy called for social media platforms to impose warning labels to protect children. But experts are divided on whether warning labels would be helpful or even necessary. Chris Ferguson, a psychology professor at Stetson University, suggests concerns about social media are akin to a “moral panic” that overlooks real issues facing children, such as domestic violence. luck
Around the water cooler
According to a legendary Wall Street analyst, Shopify’s expansion into big retailers represents a business opportunity worth nearly $1 trillion. Jason Del Rey
Grab’s chief product officer said generative AI is an “accelerator” to allow more people to use the app without “friction”. Lionel Lim
We asked Sanofi CEO Paul Hudson, a leader in using AI to develop the next generation of medicines, about the secret to his success Peter Vanham
Bank of America has told Detroit’s Big Three that they can’t make money in China and should exit the highly competitive auto market “as soon as possible.” Christian Hetzner
Nvidia’s CFO was ‘instrumental’ to success and ‘key to Jensen’s vision,’ says top analyst Cheryl Estrada
Commentary: “Sometimes, facts don’t matter”: The attack on DEI is an anti-capitalist war on American prosperity Roy Swan
This edition of CEO Daily was curated by Nicholas Gordon.
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