"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.
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Globalization 2.0
- Globalization 1.0, driven by outsourcing and free trade, is giving way to Globalization 2.0.
- Factors like the rise of China, climate change, and supply chain instability are driving this shift.
Virtual Vertical Integration
- Companies are moving towards virtual vertical integration for greater supply chain visibility and control.
- This allows for better coordination and communication across the value chain, reducing disruptions.
Geopolitical Trade Blocks
- Global trade is likely to become less interdependent, oriented around geopolitical blocks.
- These blocks will form based on alliances and shared values, impacting trade agreements.