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"World of DaaS"
Altana CEO Evan Smith - Supply Chains, China, and Globalization 2.0
Nov 12, 2024
Evan Smith, co-founder and CEO of Altana, shares insights into the burgeoning field of supply chain management as his company recently raised $200 million. He discusses the shift to 'Globalization 2.0,' exploring how geopolitical tensions and Ukraine's conflict are reshaping trade. Smith highlights how China’s evolution from a low-cost labor force to a tech powerhouse is impacting global markets. He also reflects on the implications of supply chain middlemen and the need for resilient networks in an increasingly complex economic landscape.
44:27
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Quick takeaways
- Globalization 2.0 necessitates a reevaluation of supply chain strategies amidst geopolitical tensions and climate challenges, emphasizing redundancy and local sourcing.
- Opacity in global supply chains enables middlemen to exploit inefficiencies, highlighting the critical need for transparency and better visibility in logistics.
Deep dives
Transitioning to Globalization 2.0
The emergence of Globalization 2.0 is driven by various factors affecting global supply chains. Key influences include the geopolitical tensions between major powers, such as the U.S. and China, paired with climate change challenges that spotlight supply chain vulnerabilities. The history of globalization, characterized by outsourcing and deregulated trade since 1945, is now being questioned as stability decreases and disruptions escalate. This new phase emphasizes the need for companies to reconsider their supply chain strategies, focusing on redundancy, on-shoring, or near-shoring as potential solutions to maintain efficiency.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode