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Only 36% of voters still believe the American Dream is attainable, according to a 2023 Wall Street Journal/NORC survey. This figure is decidedly lower than other pollster findings in similar surveys. Those revealed that 48% of voters in 2016 and 53% in 2012 felt reasonably assured of their opportunities for a prosperous future. In other words, more than half of Americans felt optimistic in 2012, and only slightly more than one-third do now. Americans are consistently barraged with negative headlines and stressful news updates, from supersized natural disasters to political unrest to foreign wars. Despite the challenges, there is still plenty of evidence to justify a bullish attitude about the United States and the potential to reach the American Dream of financial prosperity. Five specific categories come to mind: education, demographics, geography/agriculture, energy, and the U.S. Constitution. The road to a happy retirement can be lined with hazards, but the strength of the United States was never based on smooth and gentle tidings. It's a comprehensive coalition that can put aside differences to forge ahead together, no matter what. Take a moment to look around. The uplifting signs of The Army of American Productivity are evident. The entrepreneurial spirit is alive and well. By working together to shape an even more united set of fifty states, there's no reason America's best days aren't still ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices
On today's episode of the Money Matters Podcast, Wes is joined by producer Jeff Lloyd. They celebrate the Army of American Productivity and workers everywhere in honor of Labor Day. They look toward Q4 by summarizing Nvidia's recent $50 billion stock buyback, reviewing the handful of trillion-dollar companies, and inspecting a story about pent-up demand for sausage. They mention Jerome Powell's recent speech and then do a deep dive on The Wall Street Journal's negative article about the 60/40 portfolio and 4% Rule.
*Disclaimer* This episode is not intended for young ears. Top Ten from 2023 #2 Tremendous Testimony and Adding Spark into Your Marriage with David & Terri Sumlin James 4:8 (NKJV) "Draw near to God and He will draw near to you. Cleanse your hands, you sinners; and purify your hearts, you double-minded." Questions/Topics We Discuss: As it so often happens, What the enemy meant for evil, God used for your good. How did He begin to do that? What are some practical things we can be doing in our own relationships to prioritize and delight in our marriages? What specific stories can you share to encourage married couples and parents? David and Terri Sumlin are co-founders of Marriage Life Ministries and authors of the Oneness of Marriage®, Intimacy of Marriage®, and Marriage Innovators Workshop® series designed to help couples enrich their marriages through the application of biblical principles and adventure-based learning. They both have served over the last 18 years as international marriage educators, retreat leaders, pastoral counselors, and conference speakers. Their unique approach to marital education is built upon some of the advances found in neuroscience, psychology, physiology, and adventure-based therapy, which ultimately is tested through the lens of God's word for validation. The result is an Activity-Based Marital Enrichment process that helps couples derive behavioral transformation and sustained learning. Couples who participate in these types of marital enrichment programs are 84% more likely to report having increased levels of marital satisfaction long after the program has ended. David is a native Texan and earned his bachelor's degree in finance from the University of North Texas. He served as a management consultant with the American Productivity & Quality Center and later as an executive for Hewlett Packard. In 2002, after sensing God's call to enter full-time vocational ministry, David enrolled at Dallas Theological Seminary to pursue a master's degree in biblical counseling as well as a doctorate in marriage and family ministry. Upon graduating from DTS, he received his call to pastor a church in northwest Houston for seven years before serving as a full-time marriage educator. Terri was born in Ashland, Kentucky. She earned her bachelor's degree in Education from the University of North Texas. Upon graduating, Terri has been blessed with a 23-year career as an English teacher. Terri is a leader in women's ministry and serves full-time alongside David in their combined marriage and family ministry. David and Terri currently live in Houston, TX and will celebrate their 34th wedding anniversary this year. They have two children, a son Robin and a daughter Morgan who married the love of her life, Zach and gave the Sumlin's their first grandson, Brooks and granddaughter Sadie. The Types of Marital Programs that we offer are three-fold. Marriage Adventures are 7-day high adrenaline programs that include white-water rafting, challenge courses, and other high adventure activities designed to engage the emotional, cognitive, and behavioral parts of marital enrichment. Marriage Outbacks provide much of the same experiential-based learning objectives as our Adventure programs except that it is condensed into a weekend version where couples rough it in the great outdoors. The third type of program that we offer is our romantic Marriage Getaways hosted in intimate locations around the world. Conferences, Workshops, & Pastoral Counseling. In addition to our highly successful marital enrichment programs, we also facilitate marital education for churches, small groups, and organizations in both large conference and intimate workshop venues. In addition, we offer pastoral marriage support and pre-marital counseling on a case-by-case basis. Marriage Life Ministries Thank You to Our Sponsor: Dream Seller Travel, Megan Rokey Connect with The Savvy Sauce through Our Website Please help us out by sharing this episode with a friend, leaving a 5-star rating and review, and subscribing to this podcast! Gospel Scripture: (all NIV) Romans 3:23 “for all have sinned and fall short of the glory of God,” Romans 3:24 “and are justified freely by his grace through the redemption that came by Christ Jesus.” Romans 3:25 (a) “God presented him as a sacrifice of atonement, through faith in his blood.” Hebrews 9:22 (b) “without the shedding of blood there is no forgiveness.” Romans 5:8 “But God demonstrates his own love for us in this: While we were still sinners, Christ died for us.” Romans 5:11 “Not only is this so, but we also rejoice in God through our Lord Jesus Christ, through whom we have now received reconciliation.” John 3:16 “For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life.” Romans 10:9 “That if you confess with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved.” Luke 15:10 says “In the same way, I tell you, there is rejoicing in the presence of the angels of God over one sinner who repents.” Romans 8:1 “Therefore, there is now no condemnation for those who are in Christ Jesus” Ephesians 1:13–14 “And you also were included in Christ when you heard the word of truth, the gospel of your salvation. Having believed, you were marked in him with a seal, the promised Holy Spirit, who is a deposit guaranteeing our inheritance until the redemption of those who are God's possession- to the praise of his glory.” Ephesians 1:15–23 “For this reason, ever since I heard about your faith in the Lord Jesus and your love for all the saints, I have not stopped giving thanks for you, remembering you in my prayers. I keep asking that the God of our Lord Jesus Christ, the glorious Father, may give you the spirit of wisdom and revelation, so that you may know him better. I pray also that the eyes of your heart may be enlightened in order that you may know the hope to which he has called you, the riches of his glorious inheritance in the saints, and his incomparably great power for us who believe. That power is like the working of his mighty strength, which he exerted in Christ when he raised him from the dead and seated him at his right hand in the heavenly realms, far above all rule and authority, power and dominion, and every title that can be given, not only in the present age but also in the one to come. And God placed all things under his feet and appointed him to be head over everything for the church, which is his body, the fullness of him who fills everything in every way.” Ephesians 2:8–10 “For it is by grace you have been saved, through faith – and this not from yourselves, it is the gift of God – not by works, so that no one can boast. For we are God‘s workmanship, created in Christ Jesus to do good works, which God prepared in advance for us to do.“ Ephesians 2:13 “But now in Christ Jesus you who once were far away have been brought near through the blood of Christ.“ Philippians 1:6 “being confident of this, that he who began a good work in you will carry it on to completion until the day of Christ Jesus.”
Harris Associates Deputy Chairman, Partner and International Equities CIO David Herro discusses the European banking sector, the economic outlook on the continent and the American productivity experiment. He speaks with Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
*Disclaimer* This episode is not intended for young ears. 208 Tremendous Testimony and Adding Spark into Your Marriage with David & Terri Sumlin James 4:8 (NKJV) "Draw near to God and He will draw near to you. Cleanse your hands, you sinners; and purify your hearts, you double-minded." Questions/Topics We Discuss: As it so often happens, What the enemy meant for evil, God used for your good. How did He begin to do that? What are some practical things we can be doing in our own relationships to prioritize and delight in our marriages? What specific stories can you share to encourage married couples and parents? David and Terri Sumlin are co-founders of Marriage Life Ministries and authors of the Oneness of Marriage®, Intimacy of Marriage®, and Marriage Innovators Workshop® series designed to help couples enrich their marriages through the application of biblical principles and adventure-based learning. They both have served over the last 18 years as international marriage educators, retreat leaders, pastoral counselors, and conference speakers. Their unique approach to marital education is built upon some of the advances found in neuroscience, psychology, physiology, and adventure-based therapy, which ultimately is tested through the lens of God's word for validation. The result is an Activity-Based Marital Enrichment process that helps couples derive behavioral transformation and sustained learning. Couples who participate in these types of marital enrichment programs are 84% more likely to report having increased levels of marital satisfaction long after the program has ended. David is a native Texan and earned his bachelor's degree in finance from the University of North Texas. He served as a management consultant with the American Productivity & Quality Center and later as an executive for Hewlett Packard. In 2002, after sensing God's call to enter full-time vocational ministry, David enrolled at Dallas Theological Seminary to pursue a master's degree in biblical counseling as well as a doctorate in marriage and family ministry. Upon graduating from DTS, he received his call to pastor a church in northwest Houston for seven years before serving as a full-time marriage educator. Terri was born in Ashland, Kentucky. She earned her bachelor's degree in Education from the University of North Texas. Upon graduating, Terri has been blessed with a 23-year career as an English teacher. Terri is a leader in women's ministry and serves full-time alongside David in their combined marriage and family ministry. David and Terri currently live in Houston, TX and will celebrate their 33rd wedding anniversary this year. They have two children, a son Robin and a daughter Morgan who married the love of her life, Zach and gave the Sumlin's their first grandson, Brooks and granddaughter Sadie. The Types of Marital Programs that we offer are three-fold. Marriage Adventures are 7-day high adrenaline programs that include white-water rafting, challenge courses, and other high adventure activities designed to engage the emotional, cognitive, and behavioral parts of marital enrichment. Marriage Outbacks provide much of the same experiential-based learning objectives as our Adventure programs except that it is condensed into a weekend version where couples rough it in the great outdoors. The third type of program that we offer is our romantic Marriage Getaways hosted in intimate locations around the world. Conferences, Workshops, & Pastoral Counseling. In addition to our highly successful marital enrichment programs, we also facilitate marital education for churches, small groups, and organizations in both large conference and intimate workshop venues. In addition, we offer pastoral marriage support and pre-marital counseling on a case-by-case basis. Marriage Life Ministries Thank You to Our Sponsor: Intimate-Focus Connect with The Savvy Sauce on Facebook or Instagram or Our Website Please help us out by sharing this episode with a friend, leaving a 5-star rating and review, and subscribing to this podcast! Also, check out our Patreon Page to find out how to gain access to additional podcasts and goodies! Gospel Scripture: (all NIV) Romans 3:23 “for all have sinned and fall short of the glory of God,” Romans 3:24 “and are justified freely by his grace through the redemption that came by Christ Jesus.” Romans 3:25 (a) “God presented him as a sacrifice of atonement, through faith in his blood.” Hebrews 9:22 (b) “without the shedding of blood there is no forgiveness.” Romans 5:8 “But God demonstrates his own love for us in this: While we were still sinners, Christ died for us.” Romans 5:11 “Not only is this so, but we also rejoice in God through our Lord Jesus Christ, through whom we have now received reconciliation.” John 3:16 “For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life.” Romans 10:9 “That if you confess with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved.” Luke 15:10 says “In the same way, I tell you, there is rejoicing in the presence of the angels of God over one sinner who repents.” Romans 8:1 “Therefore, there is now no condemnation for those who are in Christ Jesus” Ephesians 1:13–14 “And you also were included in Christ when you heard the word of truth, the gospel of your salvation. Having believed, you were marked in him with a seal, the promised Holy Spirit, who is a deposit guaranteeing our inheritance until the redemption of those who are God's possession- to the praise of his glory.” Ephesians 1:15–23 “For this reason, ever since I heard about your faith in the Lord Jesus and your love for all the saints, I have not stopped giving thanks for you, remembering you in my prayers. I keep asking that the God of our Lord Jesus Christ, the glorious Father, may give you the spirit of wisdom and revelation, so that you may know him better. I pray also that the eyes of your heart may be enlightened in order that you may know the hope to which he has called you, the riches of his glorious inheritance in the saints, and his incomparably great power for us who believe. That power is like the working of his mighty strength, which he exerted in Christ when he raised him from the dead and seated him at his right hand in the heavenly realms, far above all rule and authority, power and dominion, and every title that can be given, not only in the present age but also in the one to come. And God placed all things under his feet and appointed him to be head over everything for the church, which is his body, the fullness of him who fills everything in every way.” Ephesians 2:8–10 “For it is by grace you have been saved, through faith – and this not from yourselves, it is the gift of God – not by works, so that no one can boast. For we are God‘s workmanship, created in Christ Jesus to do good works, which God prepared in advance for us to do.“ Ephesians 2:13 “But now in Christ Jesus you who once were far away have been brought near through the blood of Christ.“ Philippians 1:6 “being confident of this, that he who began a good work in you will carry it on to completion until the day of Christ Jesus.”
The Supply Chain Buzz is Supply Chain Now's regular Monday livestream, held at 12n ET each week. This show focuses on some of the leading stories from global supply chain and global business, always with special guests – the most important of which is the live audience!This week's edition of The Buzz was a Digital Transformers edition, and it featured hosts Scott Luton and Kevin L. Jackson. They opened the conversation by talking about the ever-increasing number of Phishing attempts… with UPS and Amazon, two large supply chain providers, topping the list as the most impersonated companies on the Internet.In this livestream, created in collaboration with a live Supply Chain Now audience, Scott and Kevin discussed:• Transformation research from the American Productivity & Quality Center (APQC) finding that while 91 percent of inventory management respondents are digitizing their data and processes, only 31 percent are using predictive analytics and only 26 percent are using AI• Opportunities to leverage data and analytics via ‘Supply Chain 4.0' – by optimizing operations, reducing manual errors, even leveraging automation• The dynamic pendulum that swings between nearshoring, onshoring, and offshoring, and the challenge associated with trying to optimize on a moving targetAdditional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3emdLcKSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribeJoin the NOW Community: http://bit.ly/41kpUSOLeveraging Logistics and Supply Chain for Ukraine: https://vectorgl.com/stand-with-ukraine/2022 Q4 U.S. Bank Freight Payment Index: https://freight.usbank.comWEBINAR- What Running a Data-Driven Supply Chain Means to Evenflo: http://bit.ly/3Zvun3fThis episode is hosted by Scott Luton and Kevin L. Jackson. For additional information, please visit our dedicated show page at: https://supplychainnow.com/supply-chain-buzz-digital-transformers-1104
The Supply Chain Buzz is Supply Chain Now's regular Monday livestream, held at 12n ET each week. This show focuses on some of the leading stories from global supply chain and global business, always with special guests – the most important of which is the live audience!This week's edition of The Buzz was a Digital Transformers edition, and it featured hosts Scott Luton and Kevin L. Jackson. They opened the conversation by talking about the ever-increasing number of Phishing attempts… with UPS and Amazon, two large supply chain providers, topping the list as the most impersonated companies on the Internet.In this livestream, created in collaboration with a live Supply Chain Now audience, Scott and Kevin discussed:• Transformation research from the American Productivity & Quality Center (APQC) finding that while 91 percent of inventory management respondents are digitizing their data and processes, only 31 percent are using predictive analytics and only 26 percent are using AI• Opportunities to leverage data and analytics via ‘Supply Chain 4.0' – by optimizing operations, reducing manual errors, even leveraging automation• The dynamic pendulum that swings between nearshoring, onshoring, and offshoring, and the challenge associated with trying to optimize on a moving targetAdditional Links & Resources:Learn more about Supply Chain Now: https://supplychainnow.comCheck out our new Supply Chain Now Media Kit: https://bit.ly/3emdLcKSubscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribeJoin the NOW Community: http://bit.ly/41kpUSOLeveraging Logistics and Supply Chain for Ukraine: https://vectorgl.com/stand-with-ukraine/2022 Q4 U.S. Bank Freight Payment Index: https://freight.usbank.comWEBINAR- What Running a Data-Driven Supply Chain Means to Evenflo: http://bit.ly/3Zvun3fThis episode is hosted by Scott Luton and Kevin L. Jackson. For additional information, please visit our dedicated show page at: https://supplychainnow.com/supply-chain-buzz-digital-transformers-1104
The way companies and individuals spend their money has changed in the wake of the COVID pandemic. How might market leadership shift as a result and will new market winners come into focus? Chief Cross-Asset Strategist Andrew Sheets and Chief Investment Officer for Wealth Management Lisa Shalett discuss.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Chief Cross-Asset Strategist for Morgan Stanley Research. Lisa Shalett: And I'm Lisa Shalett, Chief Investment Officer for Morgan Stanley Wealth Management. Andrew Sheets: And on part two of this special episode, we'll be continuing our discussion of the "Next American Productivity Renaissance". It's Friday, March 3rd at 2 p.m. in London. Lisa Shalett: And it's 9 a.m. in New York. Andrew Sheets: So Lisa, let's take this to markets, how do you think this impacts equity market leadership, given that we've been in a market that's really been defined by the age of secular stagnation. What do you think happens now and who will be those new leaders? Lisa Shalett: This is one of the most important, I think, outcomes of our thesis. And that is that pendulums swing and market leadership shifts all the time, but when it's at that moment of inflection there's huge amounts of pushback, typically. Our sense is that the wealth creation ahead of us may not be in the current leadership in consumer tech, but rather in enterprise tech and the technology providers who are the leaders in new automation technologies that are going to allow us potentially to automate parts of our economy that have heretofore resisted. So it's a lot of the services side of the economy. Think of financial services, consumer services, government services, education services, how manual some of those industries are. And yet when we think about these triads or four or five level combinations of things like artificial intelligence, and machine learning, and optical scanning, and natural language processing and voice recognition. These are things that could really transform service-oriented businesses in terms of their margins and the economics of them. And so we envision a leadership that is potentially bimodal, that includes the tech enterprise enablers. Some of the software or software-as-a-service, some of the technology consultants who will help implement these automation programs and some of the beneficiaries, the tech takers, right. Think about some of those banks, those insurance companies, those healthcare companies, educational-oriented institutions that are just so heavy in manual service support infrastructures that could be rationalized. Andrew Sheets: So I'd like to dive into two of those threads and in just a little bit more detail. Just in terms of, kind of, the decade we've just been in. And, you know, I think it was pretty unique that it was a decade with some of the lowest cost of capital we've ever seen in economic history, and yet, you know, it's kind of left us with an economy where it's very easy to order food and very hard to take a train to the airport. We've had a lot of investment in consumer-led technology and a lot less in infrastructure. Do you think that equation has finally changed in a bigger way? And what do you think that means for maybe winners and losers of the changes that might be happening? Lisa Shalett: Our perspective is that I don't know that it's a permanent change. I think pendulums swing and there are waves when technology is more consumer-oriented. The issue with consumer technology, as we know and certainly with the smartphone, has been there's 2 billion people implementing that technology in 2 billion different ways. So it's very hard to scale those productivity benefits, if there are any, across an economy. When you go through periods of enterprise or economy-wide or infrastructure deepening-based technology spends, that's when economies can transform. And so I think it's a phase in the market. But I think one that is really important, you know, when we think about the advancement of overall return on assets in the economy. Andrew Sheets: And so, Lisa, digging into that technology piece, is there an example that stands out to you of a type of technology consumption that you think could be more fleeting as a result of the post-COVID period? And to your point about the more tangible, long lasting shifts in technology investment, the types of things that will be a lot more permanent and could really surprise people in their permanence over the longer run? Lisa Shalett: I'm not a technology visionary, but I do think that so many of the consumer technologies that we see over time end up being cannibalizing and substitutive as opposed to truly revolutionary. So, think about the consumption of media. We're still consuming media, it's just on what mode. Are we consuming it through a radio broadcast, a television broadcast, now streaming services on demand and etc, but it's content nonetheless. I think that there are other technologies when we think about what's going on with things like A.I., when we think about some of the things that are going on in genomics and in health care in particular, that really are transformative and take us to places we truly have never been before. And I think that that's one of the things that's super exciting right now is that we've never seen this before in many industries, right? Whether we're talking about things like transport and things in terms of human robotics and artificial intelligence and machine learning. These are places that we really haven't been before. And so to me, this is an extraordinarily exciting time vis a vis the innovation path. Andrew Sheets: Lisa, you've been talking about some of these big secular drivers of this productivity shift and capital investment shifting to deglobalization, decarbonization. And so I guess the next question is there might be demand for these things, but is there the supply to address these issues? Can we actually build these plants and re-orient these supply chains? How do you think about the supply side of this? And do you think supply is going to be able to rise to the challenge of the potential demand for this capital expenditure? Lisa Shalett: So I think that that's the piece of this thesis that was most exciting to us because very often one of the things that constrains investment is that you don't have the supply side enablement. One of the things that we can't take for granted is how good, particularly in the United States, private sector balance sheets are today. And so whether we're talking about the degree to which the United States banking system has healed and recapitalized, or we're talking about corporations who are still reasonably cash-rich and have locked in almost historically low costs of capital, or we talk about the household sector, which has moved away and locked in to fixed rate mortgages. That's a huge enablement that says we have the capacity to fund new technology. Then one of the other things that we've been talking about that enable the supply side are demographics. We've gone through this period where there was a bit of an air pocket in terms of overall working age population growth because Gen X was just not all that big relative to the boom. And we're talking about a working age population that is rapidly going to be dominated by a humongous millennial and Gen Z wave. And these are digital natives, right? These are folks who were born with technology in their hands. And so having a workforce that is flexible and tech savvy, that helps implement. So I think those are some of the supply side factors that are different than perhaps what we saw 10-15 years ago, you know, in 2007 when Apple launched the iPhone. Andrew Sheets: Lisa, thanks for taking the time to talk. Lisa Shalett: It's my pleasure, Andrew. Andrew Sheets: And as a reminder, if you enjoy Thoughts on the Market, please take a moment to rate and review us on the Apple Podcasts app. It helps more people find the show.
The COVID pandemic changed the way the U.S. engages with work, but how will these shifts impact structural changes to capital investment? Chief Cross-Asset Strategist Andrew Sheets and Chief Investment Officer for Wealth Management Lisa Shalett discuss.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Chief Cross-Asset Strategist for Morgan Stanley Research. Lisa Shalett: And I'm Lisa Shalett, Chief Investment Officer for Morgan Stanley Wealth Management. Andrew Sheets: And on this special two-part episode, we'll be discussing what we see as the "Next American Productivity Renaissance". It's Thursday, March 2nd at 2 p.m. in London. Lisa Shalett: And it's 9 a.m. in New York. Andrew Sheets: So while everybody has been paying close attention, and rightly so, to 40 year highs of inflation that we've been having recently, there's another legacy from this pandemic that we want to dig into more deeply. We believe that the COVID crisis catalyzed an incredibly powerful regime shift, a once-in-a-generation shock to the labor markets which transformed the nature of work and is accelerating structural changes to capital investment. Lisa, you believe we're on the cusp of what you call the "Next American Productivity Renaissance", and this renaissance is underpinned by an upcoming capital spending supercycle. So, I guess the place to start is what does that mean and what's driving it? Lisa Shalett: I mean, I think that some of these trends were already beginning to take form before COVID struck, but COVID was really an accelerant. And so if we think about first the detachment from the labor force and the way COVID really transformed the way we think about work, and those jobs that maybe were not flexible to convert to a remote setting, or a work from home setting, and carried with them in-person high risk attributes. I think that was really one of the first dimensions of it, but then it was really about companies having to fundamentally rethink and re-engineer business models towards digitization, right? The removal of human contact. And then you overlay those two major pillars with things like decarbonization and the issues that emerged around how we make this transition to a cleaner energy mix around the world. Obviously COVID accelerated some of the issues around supply chain and deglobalization and how do we secure supply chains. And last but not least, I think it has really become clear we're talking about a world where incentives to invest either to substitute for labor, to strengthen our infrastructure, to commit to some of these climate change initiatives, to re-engineer supply chains or to deal with this new multipolar world. The incentives and the argument for capital spending has really changed. Andrew Sheets: So Lisa actually it's that last point on labor market tightness that I'd like to dive into a little bit more. Because I mean, it's fair to say that this would actually be a pretty normal cyclical phenomenon that as labor markets get tighter, as workers are harder to find, that companies decide that now it's worth investing more to make their existing workers more productive. Do you think that's a fair characterization of some past capital spending cycles that we've seen? And how do you think this one could fit into that pattern? Lisa Shalett [00:04:19] Yes, I think very often, you know, we've gone through these periods where the capital for labor substitution has been at the forefront. Now, one of the things that very often we have to wait for are what I call the supply side enablers of that. There have been eras where there's more automation-oriented technology that is available, and then there's eras where perhaps there's been less. And I think that one of the things that we're positing is that after the golden age of private equity that we're entering one of those periods of technology J-curve explosion, right, where the availability of automation-orienting technologies is there. So it enables part of the dialog around capital for labor arithmetic. Andrew Sheets: I also want to ask you about decarbonization as a theme, which you cited as one of these drivers of the productivity renaissance and capital deepening because I think you do encounter a view out there in the world that decarbonization and environmental regulation is negative for productivity. What do you think the market might be missing about decarbonization as a theme? And how does it drive higher productivity in the future rather than lower productivity? Lisa Shalett: I think fundamentally that there is no doubt that as we make this transition, there are going to be bumps and bruises along the road. And part of the issue is that as we move away from what is perhaps the lowest cost, but most dirty technologies that there may be pressures on inflation. But the flip side of that is that it creates huge incentives to drive productivity improvement in some of those cleaner technologies so that we can accelerate adoption through more compelling economics. So our sense is hydro and wind and some of these technologies are going to see material productivity improvements. Andrew Sheets: Well, Lisa, I think that's a great point, because also what we've certainly seen in Europe is a dramatic fall of consumption of natural gas and a dramatic increase in efficiency. As energy prices spiked in Europe in the aftermath of Russia's invasion of Ukraine, you did see an increased focus on energy-efficient investment, on the cost of energy. And I think it surprised a lot of people about how much more production they were able to squeeze out of the same kilowatt hour of electricity. So it's, I think, a really interesting and important point that might go against some of the conventional wisdom around decarbonization. But I think we have some real hard evidence in the last couple of quarters of how that could play out. And Lisa, the final piece that I think your thesis probably gets a little bit of debate on is deglobalization. Because, again this has been a macro and micro topic, you know, macro in the sense that you're seeing companies look to shorten supply chains after some of the major supply chain issues around COVID. They're looking to shorten supply chains, given heightened geopolitical risk. And, you know, this has often been cited as something that's going to reduce profitability of companies, is they're going to have to double up on inventory and make their supply chain somewhat less efficient. So again, how does that fit into a productivity story or how do you see the winners and losers of that potentially playing out? Lisa Shalett: I don't know that the deglobalization itself drives productivity per se, but what it does do is it creates a lot of incentives for us to rethink the infrastructure that underlies supply chains. So, for example, as companies maybe think about shortening supply chains, maybe it's that American companies don't want to simply be motivated by the lowest net cost of production. But perhaps to your point, the proximity and security of production. So suddenly, does that mean we will be investing in infrastructure across the NAFTA region, for example, as opposed to over oceans and through air freight? And as those infrastructures are strengthened, be those through highway infrastructure, rail infrastructure or new port infrastructure, there's productivity benefits to the aggregate economy as companies rethink those linkages and flows. Andrew Sheets: That's interesting. So when we're talking about deglobalization, maybe you run the risk of focusing very narrowly on some higher near-term costs, but thinking bigger picture, thinking out over the next decade, maybe you are ending up with a more robust, more resilient economy and supply chain that over the long run over cycles does deliver better, more productive output. Lisa Shalett: Absolutely. Andrew Sheets: Lisa, thanks for taking the time to talk. Lisa Shalett: It's my pleasure, Andrew. Andrew Sheets: Thanks for listening, and be sure to tune in for part two of this special episode. If you enjoy Thoughts on the Market, please take a moment to rate and review us on the Apple Podcasts app. It helps more people find the show.
American Productivity; ERA; Deer Story; Legal Tender; Work Ethic with RJR
The Litmus Test: As the new year begins, many of us want to set goals. Some want to reduce weight; some want to stop smoking, but the most interesting ones want to go on a digital detox. In this first episode of the year, we discuss screen addiction, the impact of social media, and how we can stay away from the side effects of the digital world. If there is a solution, then what is it? Is it possible to stay away from the screen in a world that operates on it? Let's see the litmus test to check where we stand on our digital detox goals. _ References Reading: How behavioural economics helped me kick my smartphone addiction by Tim Harford Distraction is a Symptom of a Deeper Problem: The Convenience Principle and the Destruction of American Productivity by Cal Newport 30-Day Digital Detox: Curb Your Tech Addiction to Stay Productive by Lionel Valdellon _ If you like this episode, share this with your friends. For more such podcasts, please subscribe us on your favourite podcast platform or by visiting www.creating13.com You may follow us on Twitter: www.twitter.com/creating_13 Instagram: www.instagram.com/creating_13 Facebook: www.facebook.com/creating13
Planning and executing a major software upgrade can be as easy as running some software, to as complicated as a major migration. For the American Productivity and Quality Center, it was definitely the latter. With hundreds of thousands of users, and many thousands of pieces of content, a migration is a detailed and time intensive process that requires careful planning. In part 2 of our Tag1 Team Talk with the APQC, Tag1 Managing Director Michael Meyers talks with John Tesmer, the Executive Director of Information Technology, and Jim Gillilan, Senior Architect and Lead of the Technology team at APQC, about their migration to Drupal 9, and their future plans.
https://www.apqc.org/ (APQC), the American Productivity and Quality Center, is a nonprofit organization with a mission to help organizations with best practices and methods around increasing productivity and quality. APQC provides management expertise in knowledge, process and performance, finances, human capital, and supply chain management and processes In this Tag1 Team Talk, John Tesmer, the Executive Director of Information Technology, and Jim Gillilan, Senior Architect and Lead of the Technology team at APQC, join Tag1 Managing Director Michael Meyers to talk about what the APQC does, and how technology plays a critical role in their mission. They'll also talk about the organization's history with Drupal, and how they're moving forward with newer versions.
This episode of MM discusses how stock market returns behave under different political combinations in the White House and Congress. Wes also discusses an investment strategy for these volatile political and market times. Also explored, the Army of American Productivity.
Easy Chair with R.J. Rushdoony of Chalcedon Foundation | Reconstructionist Radio
Unions, Robot Scabs, and The Fall in American Productivity? The post 043 Unions, Robot Scabs, and The Fall in American Productivity? appeared first on Liberty Buzzard.
En este episodio, te hablo acerca de cómo definir tus procesos. Si nunca se han definido los procesos en la organización, si sólo se ejecutan actividades sin haber hecho un ejercicio formal de definición de procesos, éste es un episodio que te va a interesar mucho. Si ya lo has hecho, escúchalo para que puedas validar que los procesos de tu Sistema de Gestión de Calidad están correctamente definidos y que cuentan con los elementos necesarios para que puedan ser controlados y mejorados. Antes de hacer “el dibujito de cajitas” para representar tus procesos, hay algunas cosas que te conviene hacer antes. Este episodio y el siguiente conforman un mini-curso acerca de cómo definir tus procesos. En ésta primera parte, te hablo acerca cómo puedes definir los procesos para las actividades que ya existen antes de la implementación de la norma ISO 9001 y que para la implementación de la norma, típicamente son los procesos que te permiten entregar productos y servicios a tus clientes. Definir los procesos permitirá que la organización realice mucho menos esfuerzo y consuma mucho menos tiempo en implementar el Sistema de Gestión de Calidad y en obtener resultados realmente útiles, además de que se pueden obtener las primeros resultados más pronto y eso es muy importante para el equipo, ya que podrá sentir el logro de un trabajo bien hecho lo más pronto posible y creará un círculo virtuoso de logros y esfuerzos valiosos, que permita terminar la implementación del Sistema de Gestión de Calidad y luego su mantenimiento continuo. Información del ejemplo descrito en el episodio. Puedes descargar la información en un PDF desde aquí. Listado de funciones inicial y ordenado en forma secuencial: Ventas Compras Fabricación Almacenamiento Entrega Facturación Recepción de pagos Matriz para análisis de funciones y casos: Matriz con funciones y casos del ejemplo mencionado en el episodio: Matriz con procesos identificados: Diagrama de procesos general (con los procesos identificados): Se parte de la comunidad de gente de calidad. No olvides que puedes inscribirte a la lista de correo del programa para que estés informado siempre que un nuevo episodio esté disponible y podrás estar enterado sobre recursos, herramientas, materiales, servicios, información y consejos y otros temas relacionados con los Sistemas de gestión de calidad, disponibles en ISO 9001 Fácil. Además con tu suscripción apara formar parte de la comunidad de la gente de calidad, estoy regalando el curso gratuito “ISO 9001 Fácil para PyMES”. Sólo tienes que inscribirte a la lista de correo del podcast desde aquí. Puedes inscribirte al feed En iTunes, sólo teclea ISO 9001 fácil para encontrarlo y una vez seleccionado, da clic en Suscribirse. También puedes suscribirte usando las aplicaciones Stitcher y Tune In ambas para Android y disponibles desde Google Play. Una vez instaladas en tu dispositivo, busca el programa dentro de la aplicación como "ISO 9001 Fácil". Este podcast es para ti y la mejor manera de aprovecharlo es siendo parte activa de la gente de calidad dejando tus comentarios, reflexiones y experiencias para enriquecer aún más nuestro conocimiento colectivo sobre la norma ISO 9001 y los Sistemas de gestión de calidad. Enlaces de ISO 9001 Fácil: Correo: contacto@iso9001facil.com Linked In: https://www.linkedin.com/in/robertovillegas75/ Twitter: https://twitter.com/rvillegas75 Facebook: https://www.facebook.com/robertovillegasacosta/ Mi agenda personal para sesiones gratuitas de asesoría: www.calendly.com/iso9001facil Otras fuentes mencionadas en este episodio: Página de American Productivity and Quality Center (APQC) que publica el Process Classification Framework (PCF): https://www.apqc.org/pcf Página en Wikipedia de la Information Technology Infrastructure Library (ITIL): https://es.wikipedia.org/wiki/Information_Technology_Infrastructure_Library Página de Supply Chain Council que publica el Supply Chain Operations Reference Model (SCOR): http://www.apics.org/apics-for-business/products-and-services/apics-scc-frameworks/scor
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.AudioPlayer.embed("audioplayer_40", {soundFile:"http%3A%2F%2Fsupplychaininsights.com%2Fwp-content%2Fuploads%2Fpodcasts%2FInterview_with_Robert_J_Gordon_on_American_Productivity-episode_221.mp3"}); At the Supply Chain Insights Global Summit (September 5-8, 2017), Robert J. Gordon, author of the book The Rise and Fall of American Growth, will be speaking on the impact of technology on American productivity. In this interview Dr. Gordon explains how to measure American productivity and the impact of technology on the third industrial revolution. At the conference Dr. Gordon will share what we can learn from the Third Industrial Revolution to apply to the fourth advancement of technology that is coming with the Supply Chain Digital Age. Straight Talk With Supply Chain Insights – Podcast episode #221
Just-In-Time Cafe: Lean Six Sigma, Leadership, Change Management
This month we’ll spend time with Carla O’Dell, the CEO of the American Productivity and Quality Center as she and one of their Education Consultants gives us the inside scoop on how Lean Six Sigma is helping to give our… The post Podcast: Just-In-Time Cafe, Episode 6 – Improving Our Children’s Education With Carla O’Dell and Dewey Dorsett From APQC appeared first on GoLeanSixSigma.com.
On this episode, we interviewed Jim Lee, Senior Advisor, Knowledge Management, with APQC, the American Productivity and Quality Center. APQC is a member-based, non-profit organization, focused on benchmarking, best practices and knowledge management research. Their mission is to help organizations around the world improve productivity and quality in a variety of ways. Jim has over three decades of business improvement experience, with the last 15 years dedicated specifically to knowledge management. A frequent speaker and thought leader, Jim heads the KM advisory service practice for APQC. He holds an undergraduate degree from Kettering University and an MBA from Cleveland State University. Jim spoke to us about trends in higher education and the concept of "knowledge management."
If you're a supply-chain executive, there's a good chance that the next tsunami, hurricane, flood or other disaster will take your organization by surprise. Again. For all their talk of the importance of good risk management, companies just can't seem to tackle the issue effectively. In a survey by the American Productivity and Quality Center (APQC), 83 percent of respondents said they were caught off guard by an unexpected supply-chain disruption in the prior 24 months. What's going on here? Two APQC experts Andrea Stroud, research program manager for supply chain management, and Mary Driscoll, senior research fellow for finance and risk join us to offer a perspective on the global risk-management landscape. They outline the scope of the problem, then propose a number of concrete solutions.