Global Economic Outlook for 2021 and Beyond: Headwinds and Tailwinds
Automation Alley’s virtual event featured a discussion among today’s top international business experts on the shifting dynamics of the global economy and how companies can best position themselves to take advantage of the opportunities and challenges of doing business around the world in 2021.
For example, will we finally see the coronavirus in our rearview mirror or will it boomerang its way back with a second or even a third wave? How will the seemingly intractable U.S.-China trade conflict continue to impact the international economy at large? Will nationalism, populism and the decoupling of trade and investment relations between nations lead to a new cold war between the superpowers? Equally, if not more importantly, how will the U.S. presidential election and our nation’s increasing political polarization impact the entire equation?
Other things to watch out for include geopolitical risks (i.e., China, Iran, North Korea and Russia) and black swans events or potential blind spots that may disrupt the future performance of U.S. business and industry. Closer to home, how will these factors affect Michigan’s business climate, especially our automotive, advanced manufacturing, defense and other high-tech industries?
Michigan’s Future Business Index: Chris Holman, Founder and CEO, Michigan Business Network. The slide deck for that presentation.
Keynote Presentation: Headwinds and Tailwinds: James E. Glassman, Managing Director, JPMorgan Chase & Co. and Head Economist, Chase Commercial Banking-New York City, New York. The slide deck for that presentation.
New this year, was a panel discussion and introduction to the World Economic Forum’s Advanced Manufacturing Hubs (AMHUB) and the impact of Industry 4.0 on Global Manufacturing, and How Regional Ecosystems Enhance Global Supply Chains:
Special thanks to our panel:
- Moderator – Noel Nevshehir, Director of International Business Services and Global Strategic Partnerships, Automation Alley
- Cynthia Hutchison, VP, Automation Alley
- Francisco Betti, Head of Advanced Manufacturing and Production, World Economic Forum, Switzerland
- Dr. Oscar Lazaro, Managing Director , Innovalia Association, Spain AMHUB
- Bruno Jorge Soares, Head of Industry 4.0 Project at ABDI, Brazil AMHUB
Automation Alley appreciates all of the kind comments and emails we received post event.Speakers:
Noel H. Nevshehir
As director of Automation Alley’s International Business Services, Noel’s responsibilities include assisting SMEs become globally competitive by expanding their markets overseas. He identifies countries with a high demand for Michigan-made products, services and technologies and leads trade missions around the world where U.S. companies have an opportunity to meet with potential buyers, end users and business partners.
James E. Glassman
As managing director of JPMorgan Chase and head economist for Chase Commercial Banking, James Glassman provides market insights to help clients better understand the changing economy and its impact on their business. Mr. Glassman also works closely with the firm’s Corporate Sector, including the Chief Investment Office and Investor Relations, as well as the Investment Bank and Government Relations groups, providing financial analysis and research. Here's a video link of Noel and James.
As a former high school teacher, coach, university instructor, and college Dean, Chris has become one of Lansing’s most prominent businessmen. Not only is he a successful entrepreneur with over 40 years of experience, he is also a business owner influencing the entire state of Michigan.
Cynthia Hutchison is Vice President of Automation Alley, a globally recognized Industry 4.0 knowledge center and a World Economic Forum Advanced Manufacturing Hub (AMHUB), where she oversees program development, operations, sales, marketing and government affairs efforts for the nonprofit association's portfolio of 1,100-plus technology and manufacturing member companies across Michigan.
Francisco is the Head of the Advanced Manufacturing Industry community and manages the global platform for Shaping the Future of Advanced Manufacturing and Production, which was launched by the World Economic Forum in 2017 upon request of world leading governments and companies. Prior to joining the World Economic Forum, Francisco worked for PricewaterhouseCoopers SA in Geneva, Switzerland, primarily running management consulting projects for international organizations.
Dr. Oscar Lazaro
Dr. Oscar Lazaro is Managing Director of Innovalia Association. He has more than 20 years of experience in the digital and manufacturing field and is also Visiting Professor at the Electrical and Electronic Engineering Department of the University of Strathclyde in the area of wireless & mobile communications. He is a permanent representative of Innovalia in EFFRA and BDVA and has also served on the Future Internet Advisory Board and the Sherpa Group on 5G Action Plan. He leads the establishment of the World Economic Forum (WEF) Advanced Manufacturing HUB (AMHUB) in the Basque Region of Spain.
Bruno Jorge Soares
Manager of the Industry 4.0 project at ABDI. In March 2018, the agency launched their Industry 4.0 agenda, and Mr. Soares listed the main initiatimanager of the Industry 4.0 project at ABDI. In March 2018, the agency launched their Industry 4.0 agenda, and Mr. Soares listed the main initiatives to the seminar. Numbers show that gains from the so-called 4th industrial revolution are huge. According to Mr. Soares, the potential reduction in manufacturing costs is of USD 21 billions and efficiency gains would be in the range of USD 10 billion. Huge gains are also expected within energy and maintenance.ves to the seminar. Numbers show that gains from the so-called 4th industrial revolution are huge. According to Mr. Soares, the potential reduction in manufacturing costs is of USD 21 billions and efficiency gains would be in the range of USD 10 billion. Huge gains are also expected within energy and maintenance.