Things Have Changed (Things Have Changed)
Explore every episode of Things Have Changed
| Pub. Date | Title | Duration | |
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| 07 Feb 2022 | How Data Analysis Is Changing The Sport of Badminton | 00:30:07 | |
There's been a data revolution in sports in the past few years. | |||
| 14 Feb 2022 | The Gaming Industry Is Now Bigger Than Movies And Music.. Combined | 00:29:46 | |
Gaming makes a lot of money. Now, Tech wants a piece of it 🎮 In the last decade, the gaming industry has been smashing Hollywood’s earnings out of the park! Just in 2021, the Global “Games Market” had a whopping $180BN in revenue. In fact, Gaming is bigger than Hollywood and the music industry combined. Top games are earning more than the big blockbusters. The top sellers include Grand Theft Auto V, Red Dead Redemption Two, Fall Out 4 and the Call of Duty franchise. Looking into the numbers... The Grand Theft Auto V game has raked in more than $6BN, according to Marketwatch. Compare that to Avatar, the highest grossing movie ever at $2.8BN. As a result, Video game companies have become hot commodities and @thingshavechangedpod we break down the feeding frenzy that has taken over the gaming industry! | |||
| 21 Feb 2022 | Inflation Is at 40 Year Highs. Why Should It Matter to You? | 00:20:36 | |
For most of your life, borrowing has been relatively easy. Think about it.. It’s been rather easy to get a credit card, get a loan for a new car, or even to get a mortgage for that house you've been eyeing. But with Inflation running high, the Fed is planning on raising rates in the next year.
This is a significant difference, close to $100k that is not covered by the same payment., and this is down to the increase in rates. Today, on Things Have Changed, we’re going to talk to you about this rising inflation environment and the down stream effects of higher interest rates on your everyday lives! | |||
| 28 Feb 2022 | How Batteries Will Power the Next Technology Era - with Nicholas Yiu and Yen Yeh | 00:44:57 | |
A global transition to clean energy is underway. What technologies will be essential to this zero emission future? | |||
| 07 Mar 2022 | Why Is It So Hard To Make Batteries? | 00:31:29 | |
As the world leans more into electrification, people learn the importance of energy storage. In our previous episode with battery people, Yen Yeh and Nicholas Yiu, we spoke about electric vehicles and the opportunities in the battery industry. In this episode, we’re gonna dive deeper into the world of batteries by taking a look into the supply chain and why it’s soo problematic. Lithium, Cobalt, and Nickel are some of the components needed to produce batteries and they’re not the easiest materials to get a hold of. Welcome to the Battery Series where we cover puzzling questions around the battery industry from an outsiders perspective... and we’ve learned a few things that might “Shock” you. | |||
| 14 Mar 2022 | The Dirty Truth about the EV Revolution - A Peak into Battery Pollution and Recycling | 00:22:17 | |
The growth of EV’s have gotten a lot of people excited... but has gotten environmentalists torn. Think about it... the more important materials for the batteries in your phones, laptops, and more importantly your future electric car, are typically composed of Lithium, Nickel, and even Cobalt. If you have paid attention to how these materials are extracted, it is plagued with issues like pollution and safety. In our last episode, we talked about how major companies turning towards electrification, which means we may have an even bigger problem in the future... but as we’ve learned from our research, there are many entrepreneurs working on “Cleaning up” the supply chains and also working towards “Closed-loop” recycling system - In a nutshell, closed loop recycling is the process where a product is used, recycled, and then made into a new product - which reduces or eliminates Landfill. Today, on Things Have Changed Podcast, we’re going to talk to you about the issues around the battery supply chain that powers the electric vehicles, and how entrepreneurs are coming together to recycle your batteries! | |||
| 21 Mar 2022 | How Nations Are Driving Towards Newer Battery Energy Economies | 00:26:40 | |
In 2020, Out of 3.4 million electric cars sold in the world, only 328K was in the US... Compared to 1.39 million in Europe and 1.33M in China. Why is it that the US seems to have only a quarter of the sales than China and Europe? I think the answer lies in effective government incentives. Similar to the GPS, General Satellite technology and the internet revolut ion (Think DARPA), the government can play a vital role in the adoption and the innovation in any ground-breaking technology. Both Europe and China have had a head-start in policy pushing the universality of electrification. The US, however has been taking some steps too! Recently, the Biden administration has invested in building the domestic supply chain for batteries, a critical piece of the EV revolution. Today, on Things Have Changed, we’re going to talk about what governments are doing to clean up supply chains and pursue EV dominance. | |||
| 28 Mar 2022 | Spring Breakers! We're Doing Video! | 00:02:33 | |
The Things Have Changed Podcast Team is exploring video! | |||
| 11 Apr 2022 | Why The Future of Gaming is Subscription | 00:30:05 | |
If you’ve ever played games on a console before like the xbox, playstation, nintendo, or even the game boy, you probably remember how expensive it was to have all the games you wanted to play. I mean, each game could cost you over $50! Not to mention then console you needed to have to play it! To give you an idea, an Xbox series X costs half a GRAND today! Well, it’s never been a better time to become a gamer.. with the inception of cloud-based gaming, it proves that there is an active effort to get games across all your consoles, PC’s, or even your mobile phone... As technology gets better for game-streaming, there is a chance that we can have a Netflix-like feel to gaming! From XBox’s game pass, to the playstation’s playstation plus service, gaming is becoming more and more accessible to people who don’t have the cash to buy ALL the games you’ve ever wanted to play. If Microsoft is actually able to purchase Activision Blizzard, the consolidation in the space will hasten. Again, the platforms are buying content that could in turn, lead into another streaming service war - The Netflix vs Amazon Prime vs HBO Max vs Disney Plus Vs Hulu war will also exist in the video gaming space.. Today, on Things Have Changed Podcast, we’re going to talk about how the subscription Economy has officially infiltrated gaming! | |||
| 18 Apr 2022 | Why Mark Zuckerberg Is Betting Facebook’s Future on the Metaverse | 00:18:53 | |
So... 6 months ago, Facebook did something that very few companies in the world of business has ever done. They changed their entire business philosophy and mission, pivoted a $700 billion dollar company into something that does not exist currently. We are talking about the metaverse and why FB rebranded themselves to META.. In 2021, Meta reportedly spent $10B on Facebook Reality Labs, the metaverse division at Facebook. But why the huge shift? While Facebook put the metaverse on center-stage, it is far from the only big tech company investing in the ‘verse. Facebook cannot build the metaverse alone.. and it hasn't been. Microsoft started building it’s own ideas around the metaverse more than 5 years ago... and Azure will play a huge role in its future. Microsoft also happens to be a juggernaut in the gaming space.. which is the foundation of the current ideas of the metaverse. Keep in mind, Microsoft also is in the process of acquiring Activision Blizzard.. But could the big unlock here be gaming? At THC today we break down how we believe metaverse will just be an extension of what gaming is today!
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| 25 Apr 2022 | Could Gaming Lead Us to the Metaverse? | 00:24:40 | |
In our last episode, we spoke about how big tech was looking at gaming as a growth strategy. And the way to own the future. The metaverse future! With FB, Microsoft and Apple pouring billions into this virtual reality, what does the metaverse look like today? Are there some current gaming ecosystems that could be the foundations of the what the metaverse looks like tomorrow? One of the most promising examples of the metaverse today, Fortnite, held multiple collaborations with artists for concerts in the last 4 years! The Travis Scott Fornite performance had 45 million participants... and they all saw the giant Nike Air Jordans he was wearing.. We dive into one of the most exciting trends in all of tech! Tune in!
Some other helpful links: | |||
| 02 May 2022 | How Would the Economy of the Metaverse Work? | 00:18:38 | |
In the past few weeks, we’ve talked a lot about gaming, the big trends shaping this massive and growing industry, and how Metaverse fits into all of this... We’ve learned why Facebook changed their name to Meta, how Microsoft is uniquely placed to be a titan in this virtual experience through Xbox, and what the current representation of the Metaverse is. But what do we at THC love about it?? There is a growing economy in the ‘verse and we’ve been building our understanding through the stories we share.. You can buy real estate beside snoop dogg, go to a concert with your friends and watch big artists perform, shop for Nike Shoes/NFT’s, and possibly even borrow money through the blockchain. Today on Things Have Changed, we’re going to talk about ‘Metanomics’, or.. The Economics of the Metaverse.
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| 09 May 2022 | How the Pandemic Has Changed Global Labor Markets with Prof. Seth Benzell | 00:29:15 | |
Automation has been a recurring theme in corporations quest to improve their bottom line and stay competitive. So what has changed post the pandemic? Here are some helpful links to Dr. Seth Benzell's latest work:
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| 16 May 2022 | Why Universal Basic Income Can Help Battle Inequality With Prof. Seth Benzell | 00:31:50 | |
In our previous episode, we talked to Dr. Seth Benzell about How the Pandemic Changed Global Labor Markets and in this episode, we talk about the work he's done to find a solution to the age-old issue of rising automation.
Check out our previous episodes with Dr. Seth Benzell on the links below:
Here is a link to Dr. Seth Benzells work: | |||
| 23 May 2022 | How Rising Rent Prices Will Displace Millions of Americans | 00:26:32 | |
As cities come back to life with the influx of people returning from their COVID getaways, the rise of rent prices are hurting us all. Some cities are even seeing 60% rent increases year-over-year. Just when we thought inflation was going to come under control with the Fed rising rates, we might have been too optimistic. Rent or housing on average is the largest expense an American has on a monthly basis. Even an incremental rise in housing expenses could mean displacement or a serious re-designing of your overall budget. On Things Have Changed Podcast, we’re going to do a series related to housing - one of your largest financial burdens on a monthly basis. On today’s episode, we’re going to talk about how Rent could displace millions of Americans. 2 Bedroom Apartments
These are the Americans cities that have gotten cheaper, according to rent.com: 2 Bedrrom Apartments
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| 30 May 2022 | Should I Buy a House in 2022? | 00:24:55 | |
At the closer end of 2021, inflation started to scare the average person. Prices getting higher was something that not only worries the average consumer, but the Federal Reserve. The exist mainly to control this inflation - and in 2022, they realized they had to do their job. The Federal Reserve started raising interest rates at a fast pace. If you’ve been listening to THC, you know that this means that borrowing money will get more expensive. Credit cards interest rates would get more expensive, auto loans would have higher interest rates, and mortgages would be harder to afford. That’s exactly what happened. The average home prices in America have been on a tear! Buying a House Has Never Been More Difficult. Since the pandemic Average home prices have increased by 33%! If high prices weren’t enough, mortgage rates which reached record lows at the start of 2021, are now rising at their fastest pace in decades. So what can first time home buyers do? Today, on Things Have Changed, we’re going to talk about the Housing Market - the different factors that are impacting it and could there be a likelihood of another 2008 Housing Market crash?? Tune in! | |||
| 06 Jun 2022 | How Can We Solve the Nation’s Affordable Housing Crisis? | 00:28:10 | |
Nearly three-quarters of Americans say owning a home is a higher measure of achievement than having a successful career, raising a family or earning a college degree, according to a new survey. Record high housing prices and rising mortgage rates are causing the housing market to cool. For the 3rd straight month, sales have decreased at the slowest pace since the earlier months of the pandemic. Despite the recent cooling, Home prices still rose more than 20% Year-Over-Year, which is the biggest surge in 35 years.. and you know our incomes haven’t risen that much. What’s even more interesting is that Spring, or the last season, usually sees the majority of home sales on average during the year, typically about 40% of home sales happen in Spring time happen between March and June! In our last episode, we covered how it’s getting really hard to buy homes, especially for first-time home buyers… Although the market is cooling and we’re seeing some price decreases, the prospect of buying a home is still a distant dream for many of us. There is less housing available for rent and sale than at any time in 30 years, and things are only getting worse. This undersupply is concentrated in the lower end of the market, and as a result homelessness has become one of the big problems in booming cities. | |||
| 13 Jun 2022 | Is the Global Housing Market Heading for a Downturn? | 00:20:20 | |
The Great Deceleration in housing might just be bigger than a seasonal cooldown. The economic shock of higher mortgage rates means borrowers are getting stretched thin to a degree unseen since 2006. And home shoppers in April and May are finally backing away from record home prices. On Thursday, Freddie Mac deputy chief economist Len Kiefer tweeted about what this downward shift means: "The U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006." So today on THC, we’re going to talk about the problem of affordability in many hot markets, from Phoenix, Charlotte to Toronto, Canada and what that impact could be.
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| 20 Jun 2022 | How Effective are Western Sanctions with Professor Seth Benzell | 00:15:32 | |
As one of the worlds most televised conflict rages on in Ukraine, western countries, not directly involved, look to utilize a weapon that is forged by economists.. The sanctions imposed on Russia are some of the largest and far-reaching the world has ever seen.. with western countries and international corporations completely cutting ties with the once major emerging economy.. But is this economic weapon working? Thanks to the pandemic, Sanctions can exacerbate the issues that already trouble the global supply chains, ultimately contributing to inflation… Here at Things Have Changed, we’ve sat down with our favorite economist, Professor Seth Benzell, who has done some research on assessing how effective western sanctions would be on the Russian economy. One important note is that Seth worked on this with a team of Russian economists at the Gaidar institute, a major center of economic research and training in Russia. On this first episode, we talked about why would sanctions be prescribed and how exactly this would play out in the Russian economy.
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| 27 Jun 2022 | How to be More Efficient at Imposing Sanctions with Professor Seth Benzell | 00:13:45 | |
32 years ago, Mcdonalds opened a restaurant in Moscow. Many people interpretted it as a soft integration to the west. In 1990, 30,000 people lined up for the opening at Pushkin Square, for many, it was the first taste of western consumerism. Since then, the Russian people have fallen in love with the Big Mac and the chain has grown all over the country. But today, the American fast-food giant has pulled out of Russia entirely. McDonalds closed over 800 stores in the country and ended up selling their productive resources to the Russians. The new owner replaced the symbolic golden arches with a new brand, "Vkusno & tochka", which translates to "Tasty & That's it". But McDonalds isn’t the only one. So many other companies are leaving Russia! From the Auto industry (Ford, Toyota, Volkswagen AG), to the Finance industry (Goldman Sachs, Visa, American Express, and Paypal), companies are either suspending operations or limiting their services in the country of 146 million people - check out this article to see who's made drastic measures. The sanctions of the west are definitely taking effect and the Russian economy is drastically changing… But are the changes what the west was aiming for? Last episode, we talked about what Sanctions are and Professor Seth Benzells work around studying their effects. In this episode, we’re going to hear the professors thoughts about where policy makers might want to spend more time. Tune in to learn about which Moscow factory, that used to employ 10,000 people, is being sold to the Russian government for $1 rouble.. | |||
| 04 Jul 2022 | Why Are So Many Leaving Their Jobs Right Now? | 00:17:27 | |
According to the U.S. Bureau of Labor Statistics, more than 47 million Americans quit their jobs in 2021. So.. During the Pandemic, the definition of “work” drastically changed. Millions of Americans learned how to work from home and even more were forced to risk their lives, being front-line workers. This event pushed many to re-think what they want from work… many factors impacted this decision from safety, working from home, higher wages and better care form the companies they worked for. And the huge demand for workers meant for the first time in a long time workers had the power! So… they left! Welcome to our latest season on THC, where we talk jobs jobs jobs! Specifically the big trends within the global labor markets since COVID. From the Great resignation, to the tight labor markets today, where employers in select industries are still scrambling to find workers! Tune in for our deep dive | |||
| 11 Jul 2022 | Summer Break.. See You Soon! | 00:00:50 | |
Hey THC Listeners! Jed and Shikher will be taking a super short summer break to build the next pipeline of guests for Things Have Changed. Stay tuned on our coverage of the labor market on July 25th! | |||
| 25 Jul 2022 | Why Are Thousands of Flights Being Cancelled Right Now? | 00:25:45 | |
Airlines globally have cancelled hundreds of flights, citing labor shortages. They blame COVID-19, uncertainty, and the tight labor market for leading causes for flight cancellations and delays. The result has been long queues at airports, lost luggage, long layovers, and loads of disappointment. It’s gotten so BAD that Heathrow airport, historically Europe’s BUSIEST airport, is now telling airlines to STOP SELLING SUMMER tickets There are multiple reasons fueling the disruptions from bad weather to the economic impact of the war in Ukraine, but labor shortages have been cited as a common reason. So what is this tight labor market, how is it affecting different industries and how is it fueling straight up chaos in airports globally.
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| 01 Aug 2022 | From Feast to Famine: Why Tech Is Preparing For Hiring Freezes And Layoffs | 00:25:27 | |
With a historically tight labor market, why are some tech companies laying people off? With Inflation not slowing down and the economy showing signs of a possible recession, companies are preparing for the worst. Layoffs are sweeping across American businesses, specifically in growth companies in tech in 2022. Shopify, Netflix, Peloton, Tiktok, Robinhood, and Coinbase are only some of the companies that are starting to lay off their employees. But with our most recent episode, we just learned that there was still A LOT of tightness in the labor market - citing labor shortages - so why would these companies lay anyone off? Well, in this episode of Things Have Changed Podcast, we’re going to explore why tech companies are feeling the burn.
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| 08 Aug 2022 | How TikTok Is Eating up All of Social Media | 00:20:54 | |
Since the start of the pandemic, there has been one app that has taken over Social Media. Tiktok is the most downloaded app in the App store & despite being the new kid on the block, the Chinese company is breaking records that the incumbents could only dream of. From launch to a billion users, Tiktok only took half the time that Facebook did to get there. It’s insane! The company has proven that it can grab attention like no other social media company - But can it also win the advertising dollars that make Facebook and Instagram the 100 billion dollar behemoths they are today?
Today, on Things Have Changed - we’re going to explore how TikTok has become the TV for Gen Z and as a result eating the rest of social media. Stay Tuned!
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| 15 Aug 2022 | We Just Turned 2! So Do You Want a Free Pumpkin Spice Latte? | 00:01:02 | |
THC Turns 2 🎉🎉🎉 Hey THC listeners! Its been 2 years since we started Things Have Changed, and we just wanted to take this time to say thank you for all the love and support! We wanted y’all to be more involved with how we create our weekly show, and so, starting from today, we’re going to put out a 1-month challenge until September 15th for you to give us feedback on a couple things:
We’re going to choose the first 100 submissions on our website on the “Contact Us” button and winners will get $5 Starbucks gift card - and a chance for a 1 on 1 feedback session with your favourite hosts! We’re so excited to hear from you and in the meantime Stay Curious! | |||
| 29 Aug 2022 | Why Batteries Are Extremely Important for the Renewable Energy Transition? | 00:28:28 | |
We're revisiting some of our favorite deep dives with industry experts from past episodes. | |||
| 29 Aug 2022 | Gaming Is Bigger Than You Think.. And Its Growing! | 00:29:46 | |
Happy Labor Day Weekend for our American listeners! We hope you have a long and restful weekend! Top games are earning more than the big blockbusters. The top sellers include Grand Theft Auto V, Red Dead Redemption Two, Fall Out 4 and the Call of Duty franchise. Looking into the numbers... The Grand Theft Auto V game has raked in more than $6BN, according to Marketwatch. Compare that to Avatar, the highest grossing movie ever at $2.8BN. As a result, Video game companies have become hot commodities and @thingshavechangedpod we break down the feeding frenzy that has taken over the gaming industry!
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| 12 Sep 2022 | How Cloud Computing Changed Business & Technology Forever | 00:27:48 | |
IBM, Google, Microsoft, and Amazon are all taking the helm for the cloud renaissance. Gartner says that in 2021, spending on public cloud services could go over $330B. All types of industries and even GOVERNMENTS are moving their infrastructure and technology to the cloud. If you’ve ever wondered how you’re able to watch Netflix or hail a cab through Lyft with a click of a button, you are basically using the cloud. So ‘What is the cloud?’ Join us as we make sense of the highly-coveted industry! | |||
| 19 Sep 2022 | Amazon AWS vs Microsoft Azure vs Google Cloud | 00:31:53 | |
It’s happening. AWS is no longer the only cloud heavyweight doing business with the US Government. Azure has recently signed a $10 Billion deal with the DoD. | |||
| 07 Nov 2022 | How Sustainable Data Centers Can Help Us Achieve Our Climate Goals - with Dr. Bharath Ramakrishnan | 00:31:20 | |
One of the highest consumers of electric power are data centers. According to the International Energy Agency (IEA), the data center industry, accounts for approximately 4% of global electricity consumption and 1% of global greenhouse gas emissions. To top it off, the carbon dioxide emissions of data centers are comparable to that of the aviation industry.The data center industry is responsible for more greenhouse gases than commercial flights 🤯 Researchers and engineers like Bharath are the people that are working to improve the way we use technology, so that it doesn’t have to be technology vs the environment. As a lover of technology, maybe you can start learning about these problems and help building the solutions for the future of data centers. We’re putting some links in the description to help you get started! And you heard him! Reach out if you’d like to know more! Until next time… Stay Curious! Helpful Links: | |||
| 10 Oct 2022 | 👋🏽 Hey It's Jed & Shikher. | 00:01:12 | |
Hey THC Listeners! Jed has had a family emergency come up and had to fly to the Philippines to take care of family. Farewell for now but hey... stay curious! | |||
| 24 Oct 2022 | What Is Moore’s Law and Are We Coming to the End of It? | 00:19:52 | |
As of 2022, approximately 95% of organizations are using cloud computing for their work and nearly 85% of companies have deployed their workload on cloud in 2021. Furthermore, with the rising usage of internet and mobile phones & laptops, digitization is flourishing rapidly. | |||
| 31 Oct 2022 | How Data Centers Are Guzzling up the World’s Electricity - with Dr. Bharath Ramakrishnan | 00:38:59 | |
Whether you’re streaming "House of the Dragon" on HBO or just chatting with your friends on Whatsapp, both cause a chain reaction and use energy. Today nearly all the world's Internet traffic goes through data centers or DCs for short. and it all the crazy things we do on the internet from cloud computing, AI, self driving to streaming your favourite shows on Netflix. | |||
| 14 Nov 2022 | How This Robot Will Make Your Dinner - with Rajagopal Natarajan | 00:45:33 | |
During the pandemic, the way you’ve eaten has likely changed. Either you ate out less, you cooked more, or you wholeheartedly embraced food delivery such as DoorDash, Deliveroo, Grab, Swiggy or Zomato based on where you live. The Food Service industry was worth over $900B in 2021 just in North America and it’s only getting bigger. It’s also changing.. you may have experienced it already - with all sorts of new experiences, like food delivery, home chefs, and even robot-made food! Important Links: | |||
| 12 Dec 2022 | How the U.S. Dollar has Become a 'Wrecking Ball' for the Global Economy | 00:23:10 | |
In early 2021 the dollar was near its lowest level in more than five years against a broad basket of currencies Fast forward to July of 2022, the dollar reached parity with the euro for the first time since 2002! The dollar has been on a tear! climbing by around 20% over the past year against a basket of global currencies, and is at its highest level in 20 years.
In this season of Things Have Changed Podcast, we’re going to talk about Currencies. and today we’re going to talk about how USD crushed foreign exchange markets!
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| 02 Jan 2023 | Why the Pound Fell to a Record Low and What That Means for the UK Economy | 00:25:49 | |
Two months ago, the British government released a “Growth Plan” that talked about tax cuts worth about $45B. That led to a series of events that culminated in Lis Truss going into the history books as the shortest-termed Prime Minister in the UK. Things are not looking good for the UK economy, with interest rate hikes and soaring inflation! Add to that the Sterling Pound Specifically, Sterling Pound has fallen against the dollar by around 20% since the start of the year and inflation is at 9.3% as of November 2022. So - How did this happen? Today on Things Have Changed Podcast, we’re going to talk about how the pound sterling is getting POUNDED! Tune in.
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| 16 Jan 2023 | The End of U.S. Dollar Dominance? | 00:24:46 | |
The dollar tumbled to a nine-month low against the euro this past week, after data showed U.S. inflation was easing, prompting bets that the Federal Reserve will be less aggressive with rate hikes going forward. But this isn’t new.. The greenback’s share of global foreign-exchange reserves has extended a two-decade decline, but it’s still used more than all other currencies combined. For decades, the dollar has been the worlds most important currency. You buy energy in dollars, you pay back debts in dollars, and most of world trade is done in dollars. This gives the United States a unique amount of influence which some countries acknowledge is a challenge. Recently, developing countries including Brazil, Russia, India & China have been steering away from the surging US Dollar, in their global transactions. China, the worlds biggest trading partner, could also start demanding “Yuan” for it’s exports instead of dollars - I mean they’re starting to do that already! The dollar will remain the worlds reserve currency for a while but as the United States sanction countries that do not align with its political agenda, it becomes increasingly clear that dollar dominance comes at the risk of US policy alignment. Will we see the US dollar become less relevant? | |||
| 23 Jan 2023 | How UPI Revolutionized India's Economy | 00:29:58 | |
Technology is changing finance in developing countries. The Pandemic turbocharged it. With a staggering 650 million Internet users, India has been one of the biggest winners of digitization and by some degree! Just a decade ago, India’s millions of small business owners used only cash to transact. Now they use phones. This has been nothing short of a financial revolution, as Mobile payments, powered by a technology called the UPI, have more than doubled to a staggering $1 trillion in 2021 from the year before! Similar accounts of financial transformations across the globe have taken decades! So how did India’s cash heavy economy manage to turn, in the matter of years, to a more inclusive digital economy from the bottom up? This has been really fun to learn about the Indian story of Financial inclusion and we hope to see initiatives like this grow around the world to reduce friction in transacting! Until next time, stay curious!
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| 30 Jan 2023 | How Visa Became the Biggest Financial Company in the World | 00:22:20 | |
In the previous episodes, we’ve chatted about currencies and how cash was increasingly playing a smaller role, even in fast growing countries like China & India! The disruptor, that helped transition countries into cashless economies: Credit Cards and Debit Cards. In 2021, transactions on these plastic cards hit $6.7 TRILLION USD. Like many other technology industries, COVID helped accelerate the shift from cash to cashless. For the average American, more than half of their transactions were done using a credit or debit card! My first thought on the largest benefactor is the banking industry but there is an even larger player in this field that caught our attention… Payment processing companies like VISA surpassed JP Morgan Chase as the biggest financial services company in America in 2020, boasting operating margins of up to 65%.
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| 06 Feb 2023 | Why Using Credit Cards Is Getting More Expensive | 00:25:28 | |
In the past 2 years, inflation has been making headlines all over the world! To add to the higher grocery and utility bills, payments processing companies added on higher fees in 2022. Now, as an average consumer, you may not notice these increases so much! But small businesses, the backbone of the economy, is once-again feeling the squeeze. For a business, it's almost impossible to succeed in today's world without accepting Credit cards. Merchants hand over $138bn in fees each year; according to the National Retail Federation, it is their second-biggest cost after wages. So how is this impacting you as a consumer? Today on Things Have Changed, we dive into why your Credit Card is getting more expensive to use, and how those Swipe Fees are crippling small business owners. | |||
| 13 Feb 2023 | How Technology Is Transforming the $2 Trillion Shipping Industry - With Martin Verhaegen | 00:43:57 | |
Transporting people and cargo across the globe is almost as old as time itself! With shipping accounting for 90% of World Trade, it was surprising for us to learn how outdated the industry is with regards to technology! The maritime industry is still very manual, and highly regulated making it a herculean task to even propose bringing about change! But COVID flipped this entire narrative! The pandemic revealed how fragile the global supply chains of essential items are. Shortages in medicines, lumber, to semiconductor chips and cars highlighted the weaknesses & risks in global trade! Recent global challenges & conflicts have made supply-chain resilience a must-have for businesses across the world. The need for advanced technology to predict & adapt to sharp fluctuations between supply and demand is all the more essential! In today’s episode we re-visit our discussion with Martin Verhaegen, Founder & CEO of Qwyk, a digital logistics platform, aimed at revolutionizing one of the oldest industries in the world. Since we recorded this conversation, the THC team was thrilled to hear that Qwyk's incredible cloud-based shipping platform was acquired by Magaya Corporation, the leading provider of logistics and supply chain automation software. Tune in to hear Martin's incredible vision, resilience and drive to digitize the Trillion dollar shipping industry! | |||
| 06 Mar 2023 | How About:Energy is Revolutionizing Battery Research & Development - with Gavin White | 00:31:03 | |
It seems like every electronic device these days involves some type of battery - your phone, your laptop, and even your CAR! We had another year of SuperBowls boasting new EV production cars from traditional manufacturers like GM, Honda, and Hyundai. The consumers have spoken and the demand for EV's cannot be stopped! Today, on Things Have Changed, we chat with Gavin White, Co-Founder & CEO of About:Energy, revolutionizing the battery industry by building a software platform that helps researchers & institutions design and optimize batteries more efficiently. Gavin discusses in detail the process of building a battery tech company in the age of sustainability: 🤔 Concept & Prototyping during his PhD ⭐️ Commercialization & Building “The Voltt” Software Platform 💊 Pain points & Tradeoffs in the Battery Development Cycle The Voltt platform speeds up the research process while allowing for a much broader exploration of the design space, potentially unlocking new breakthroughs in battery technology.
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| 13 Mar 2023 | Powering the Future: How Governments are Supporting Battery Production for Electric Vehicles | 00:29:57 | |
Governments are going BIG on batteries! As the world transitions towards cleaner energy sources, Governments have recognized the importance of securing battery supply chains in the transition towards a more sustainable future!
These government spending packages reflect a growing global commitment to supporting the development and production of battery technology, which is seen as essential for achieving a more sustainable future. By providing incentives and funding for battery technology research and development, these packages are helping to drive innovation and accelerate the adoption of clean energy technologies. In Ep 2 with Gavin White, Co-Founder and CEO of About: Energy, we explore the various initiatives and policies implemented by countries to encourage the production of batteries. | |||
| 10 Apr 2023 | Should Tech Companies Be Paying Us for Our Data? - with Nick Vincent | 00:32:11 | |
Every minute, 990,000 Tinder profiles are swiped, 156 million emails are sent, and 16 million text messages are sent out. Moreover, Google processes 40,000 searches a second and 1.4 billion people log into Facebook every day. We live in a digital economy, and it runs on data! Just think about it, every time you check your Instagram or Twitter feed, Google a new recipe, or search the web for the latest sneaker drop, you are providing tons of data that companies can then leverage to sell you personalized ads, which equals big money. The digital ad revenue business is a whopping $200 billion industry thanks to our generous data contributions. Additionally, Nick and colleague Hanlin Li are suggesting new ways to address the power imbalance: | |||
| 24 Apr 2023 | How Microsoft for Startups Is Helping Companies Scale - with Lahini Arunachalam | 00:41:51 | |
Starting and scaling a successful startup has never been easy, but in today's climate, it's more challenging than ever. With recent events, such as the collapse of SVB and the slowdown in venture capital, access to funding and resources has become increasingly difficult. For startups to survive, they must have access to the right support and resources. That's where Microsoft for Startups comes in, providing startups with a unique approach to help early-stage companies succeed. On today's episode, we'll dive into how Microsoft for Startups is helping early-stage companies overcome the challenges of building and scaling their businesses. Microsoft is a new player in the startup accelerator game, but the company has a rich history as a startup itself. They started from humble beginnings in the 70s, with just two employees, and now they're a tech giant with a market cap of over $2 trillion. With Microsoft for Startups, the company is making a significant investment in the startup space. Their unique approach is designed to help early-stage companies succeed by providing access to Microsoft resources, technology, and expertise. Joining us on this episode is Lahini Arunachalam, Senior Director of Platform & Growth at Microsoft for Startups. Lahini has spent a lot of time solving problems for startups and is a leader in Microsoft's efforts to invest in the startup space. Whether you're a startup founder looking for guidance, an investor interested in the latest trends and innovations, or simply curious about the world of entrepreneurship, this episode is for you. So stay tuned as we dive into the challenges facing startups, the importance of startup accelerators, and how Microsoft for Startups is helping early-stage companies scale.
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| 01 May 2023 | Inside Apple's Financial Empire: From Apple Pay to the Apple Card and Beyond | 00:31:35 | |
In episode 2 of the Company Spotlight series we explore the world of tech companies invading the finance industry, and specifically Apple, the tech giant that's not satisfied with just dominating the smartphone market. But what's even crazier is how successful it's become. Some people even say that using Apple Pay is easier than trying to navigate the maze that is your bank's mobile app. And who can blame them? With Apple Pay, you don't need to remember your pin, your password, or even your mother's maiden name. All you need is your iPhone and a few taps, and voila, you've just made a purchase. The Worlds most valuable company has its own Credit Card, is providing Loans, and even just announced a Savings Account! Is this the start of the tech domination within finance as well? Tune in!
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| 15 May 2023 | How JP Morgan Grew From America's Biggest Bank to Even Bigger | 00:22:04 | |
In today's episode, we delve into the remarkable story of how JP Morgan Chase became the largest bank in the world. From its humble beginnings to its rise as a global financial powerhouse, we'll uncover the key milestones, strategic decisions, and factors that propelled this iconic institution to its prominent position in the banking industry. Join us as we explore the vision, innovation, and determination that shaped the legacy of JP Morgan Chase. JP Morgan Chase's journey begins in the late 19th century when a visionary named John Pierpont Morgan, known as J.P. Morgan, laid the foundation for what would become an influential banking empire. Through his shrewd business acumen and deep understanding of finance, J.P. Morgan navigated the rapidly changing landscape of the industrial revolution, capitalizing on opportunities that propelled him to the forefront of the financial world. Throughout its history, JP Morgan Chase has demonstrated its ability to adapt and evolve, solidifying its position as a leader in the industry. From strategic acquisitions and partnerships to technological innovation and a relentless commitment to exceptional service, the bank has consistently stayed ahead of the curve. JP Morgan Chase played a pivotal role in the face of economic crises, such as the financial downturn of 2008, and how the institution's resilience and prudent risk management helped it emerge stronger than ever before. So, sit back, relax, and get ready to embark on an enlightening journey through the history, triumphs, and continued success of JP Morgan Chase. | |||
| 22 May 2023 | From Credit Cards to BNPL: Inside the Trend Shaping the Future of Shopping | 00:17:52 | |
Imagine this: you're browsing through an online store, eyeing that perfect item you've had your heart set on like the new iPhone 15 or a brand new Leather Couch to pass out on. In today’s world, you can bring it home today and pay later, without the hassle of upfront payments or credit checks. It's like having a financial genie granting your wishes! It’s called “Buy Now, Pay Later” or BNPL. This new form of payment, BNPL aims to disrupt traditional credit cards, by helping customers indulge in that must-have item and spread the cost over manageable installments. So this idea has spawned some billion-dollar businesses, but is it all sunshine and rainbows? Join us on "Things Have Changed Podcast" as we delve into the stories of how this new wave in finance is changing the way you shop online.
Klarna - The Quirky Scandinavian
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| 12 Jun 2023 | Unraveling the Crash of the BNPL Revolution | 00:19:39 | |
On our previous episode, we spoke about the Buy Now Pay Later industry and the players that rode the pandemic to all time highs! But what we didn’t talk about was the chaos that ensued post covid!..Affirm's stock price dropped over 90% since November 2021, AfterPay fell more than 80%, and Klarna saw a decline of over 70%. So what's behind this turbulence? Rising interest rates, inflation concerns, and worries about consumer debt have left investors scratching their heads. But don't worry, we're here to make sense of it all! In this episode, we'll explore the challenges facing the BNPL industry and how it's adapting to the economic storm. We'll also discuss the importance of responsible spending and share some tips to ensure you're making informed decisions when using BNPL services. | |||
| 10 Jul 2023 | The Startup Game Changer: How Carta Is Powering Startups to Triumph - with Peter Walker | 00:44:40 | |
Imagine navigating the often-complex world of equity management with ease. Picture illuminating the path to growth opportunities that you were previously oblivious to. That's exactly what our guest, Peter Walker, head of insights at CARTA, is here to discuss. CARTA is reshaping equity management and providing invaluable insights to companies like Slack, Coinbase, and Robinhood, enabling them to focus on their core mission - building their company. Peter stresses the importance of a clear cap table for investors and how CARTA is revolutionizing this process. | |||
| 28 Aug 2023 | From East to West: How Mexico Is Forging the Next Chapter in Global Manufacturing | 00:17:55 | |
In the past few decades, it's been like watching the world shrink right in front of us. Globalization has turned our planet into this super connected place where everything's buzzing. Borders? They've become kinda blurry. Businesses? Oh man, they're popping up all over the globe. And tech? Well, it's like the ultimate game-changer, making even the most remote spots possible market hotspots. But winds of change are blowing once again. Enter: Slowbalization. While it might sound like we're hitting the brakes, it's a bit more complicated than that. Countries are revisiting the whole global trade angle thanks to the volatile past few years we’ve witnessed - from rising trade tensions, evolving geopolitics, and supply chain crises driven by COVID. We're moving from that whole worldwide party mode to a chill regional hangout scene. In this series on Things Have Changed Podcast, we're going to unravel the layers behind this shift. Specifically, Mexico is emerging as a standout beneficiary, as US companies aim to divest from China and invest closer to home! Amidst the intricacies of Slowbalization, Mexico emerges as a standout beneficiary. As the whirlwind of global trade cools and countries seek more regional, strategic partnerships, Mexico's geographical proximity to the US and robust trade agreements place it at a pivotal position. As companies reevaluate supply chains and lean towards nearshoring, Mexico's blend of competitive labor costs, established manufacturing prowess, and its strengthened ties with the U.S. through agreements like the USMCA, makes it a beacon for businesses looking for agility and resilience in this new economic landscape. In essence, Slowbalization is opening doors for Mexico that globalization merely hinted at.
Disclaimer: The information and opinions expressed in this episode are for informational purposes only and are not intended as financial, investment, or professional advice. Always consult with a qualified professional before making any decisions based on the content provided. Neither the podcast nor its creators are responsible for any actions taken as a result of listening to this episode. | |||
| 04 Sep 2023 | Behind Brazil's Booming Economy: Agriculture, Tech, and Trade | 00:24:46 | |
Ready to embark on an enlightening journey exploring the economic evolution of Brazil? Strap in as we navigate through dramatic GDP growth, a thriving digital revolution, and Brazil's robust role in global agriculture and natural resources. This intriguing exploration uncovers the shifting landscape of globalization and how Brazil, as part of the BRICSA coalition, is carving its own path towards becoming a top five economy. | |||
| 11 Sep 2023 | How Vietnam Transformed into a Global Manufacturing Powerhouse | 00:24:08 | |
Ever wondered how a nation transforms from a war-torn past to a thriving economic powerhouse? Vietnam's transformation has been nothing short of astonishing, as it deftly navigated through technological advancements and strategic partnerships to establish itself as a pivotal player in the global trade landscape. This Asian tiger, now a central hub for manufacturing, produces a wide range of goods, from shoes to cutting-edge technology, harnessing the potential of the internet, smartphones, cloud computing, and data. If you are currently listening to this podcast on a smartphone, there's a significant likelihood that the device was manufactured in Vietnam. Notably, mobile phones represent Vietnam's top export, generating export revenues exceeding $45 billion in 2017. In a period when global trade has stagnated, Vietnam's trade has skyrocketed, accounting for 190 percent of its GDP in 2017, up from 70 percent in 2007. So, how did Vietnam emerge as a manufacturing powerhouse? In this episode of the Things Have Changed Podcast, we shine a spotlight on Vietnam and explore how the nation has firmly positioned itself as a vital player in Asian global trade, offering a fresh narrative of prosperity in the era of Slowbalization.
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| 18 Sep 2023 | Transforming the Job Landscape: Insight from Dr. Seth Benzel | 00:21:50 | |
Are you prepared for the future? What if we told you that philosophers will play a key role in it? We had a fascinating conversation with the brilliant Dr. Seth Benzel, a Digital Economist from MIT and Assistant Professor at Chapman University. He shared his insights about the transformation of job market landscape, the rise of new types of jobs, and the profound impact of AI on jobs and productivity. We explored how universities are stepping up, investing in STEM education, and how they can play a pivotal role in reducing inequalities and stimulating growth. | |||
| 02 Oct 2023 | AI in Healthcare: Uncovering Future Breakthroughs with DeepMirror and Dr. Max Jakobs | 00:33:18 | |
Imagine compressing a decade of research into mere weeks or turning a failure rate of 90% in clinical drug development on its head. That's exactly what's on the horizon with the incorporation of artificial intelligence (AI) in the realm of drug discovery, and the person leading this charge is none other than Dr. Max Jakobs, CEO and co-founder of DeepMirror. Prepare to be blown away as we navigate the potential AI holds for revolutionizing healthcare, making it possible to sift through massive datasets with unprecedented speed and accuracy. | |||
| 25 Sep 2023 | Connecting Continents: Journey with the Pioneers of the Internet | 00:11:55 | |
🌐 Embark on a Digital Odyssey with “Things Have Changed”! 🌐 Ever wondered how the maze of the internet came to be? Join us in our latest episode of “Things Have Changed” as we travel back in time to unveil the origins of the digital universe! 🚀 Featuring Voices from the Past:
Snippets of History:
Journey Through Decades:
A Tale of Resilience and Foresight:
Join us on this enlightening journey through the digital ages and stay tuned for more episodes as we uncover the tales and transformations that have shaped our interconnected world! 🎧 Remember, in this ever-evolving digital landscape, Things Have Changed! Links:
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| 09 Oct 2023 | GPS: The $100 Billion System That Transformed Aviation, Travel, and Exploration | 00:15:16 | |
Tech Journey Time Capsule: | |||
| 23 Oct 2023 | Revolutionizing Nigeria: How Silicon Valley Dreams Are Transforming an Oil Giant | 00:21:19 | |
Over the past few weeks, we've delved deep into the stories of remarkable companies, visionary founders, and dynamic landscapes of emerging markets! So, where are we zooming in today? Nigeria, Africa. We're exploring the remarkable story of Nigeria, a nation that has emerged as the largest economy in Africa. With a diversified economy and abundant natural resources, Nigeria’s journey isn't just about oil anymore. It’s about tech, entertainment, and an entrepreneurial spirit that refuses to be quelled. Join us as we dive into the secrets behind Nigeria's transformation on the global stage, exploring the factors that propelled it to an economic powerhouse on the African continent. | |||
| 27 Nov 2023 | Taste the Revolution: The Wild Foods' Impactful Journey with Patrick Hardy | 00:42:37 | |
There is an alarming trend taking place in South America : the steady rise in obesity rates. Despite all the ads and talk about eating healthy, the truth is that getting access to nutritious foods is still a struggle. In response to this growing health crisis, The Wild Foods has emerged as a game-changer. Our guest today is Patrick Hardy, the Chief Operating Officer of Wild Foods, is at the forefront of this revolution. Hailing from Chile, WildFoods is a consumer packaged goods company committed to disrupting the entire food and beverage industry by producing healthy and sustainable food products.
Join us on the Things Have Changed Podcast to hear from Patrick Hardy and find out how Wild Foods is making healthy eating fun and doable, turning things around in a world full of processed food, and setting new standards for what's on our plates. Helpful links:
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| 13 Nov 2023 | How Dubai Emerged From the Desert to Become One of the World’s Leading Metropolises! | 00:25:08 | |
Join us on a captivating journey to the heart of the Middle East as we unravel the extraordinary transformation of Dubai. In this episode, we delve deep into the city's meteoric rise from a regional trading post reliant on oil to a buzzing global hub for investment, tourism, and technology. Discover how Dubai's strategic diversification efforts led to an economy where oil now contributes less than 1% to its GDP, a stark contrast to the 50% it once commanded. We'll explore the pivotal roles of initiatives like the Jebel Ali Free Zone Authority, which revolutionized trade, and examine how Dubai's strategic location and business-friendly policies catapulted it into a major player in global finance. This episode is not just about economic growth; it's a story of vision, innovation, and ambition. Tune in to see how Dubai emerged as the tech hub of the Arab world, setting a new standard for urban transformation and development.
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| 15 Jan 2024 | How Bikes Are at the Forefront of Future Urban Mobility with Mikko Ampuja, Vapaus | 00:32:21 | |
E-bike sales outpaced EVs and hybrid cars in both 2021 and 2022. In fact, research shows that by 2030, E-Bike sales are expected to 3x, outpacing even the rapid growth of passenger cars! There is a Bike Revolution taking place across the world and it is not only reshaping personal commuting but also freight and last-mile delivery services. Miko delves into the evolving bicycle industry across Europe, particularly in cycling-friendly cities like Copenhagen and Amsterdam, highlighting how innovations in cycling are not just about transportation, but also about fostering healthier, more sustainable cities. Join us on Things Have Changed Podcast as we explore how Vapaus is leading the global movement, with their unique approach to making cycling an accessible and attractive option for commuters. | |||
| 22 Jan 2024 | Why Tech Is Going After the Next Trillion Dollar Opportunity - Defense | 00:20:01 | |
In the past two decades, technology has dramatically reshaped numerous industries, from newspapers to travel agencies. Once thriving sectors have been disrupted, evidenced by the decline of traditional newspapers, which lost $6 billion in ad revenue to Craigslist alone between 2000 and 2006. Similarly, the rise of platforms like DoorDash, Uber Eats, and Airbnb reflects a significant shift in consumer behavior. Now, this wave of technological disruption is poised to redefine the defense industry, a sector traditionally characterized by unique procurement practices and significant government contracts. 📰📱 The defense sector, once dominated by a handful of major players following a wave of consolidation in the 1990s, is now facing a new challenge: tech-driven transformation. The industry's "cost-plus" methodology, which often leads to inefficiencies and misaligned incentives, is now being scrutinized by tech companies. These new entrants see an opportunity to leverage their expertise in optimizing processes and margins. As tech companies bring their innovative approaches to defense, they're catalyzing a shift towards more efficient and cost-effective solutions. 🚀 Yet, the integration of tech into defense is not without its challenges. Traditional defense contractors are deeply entrenched, familiar with the intricacies of government contracts and regulations. However, companies like SpaceX and Palantir are advocating for more accessible pathways for smaller contractors, potentially leading to greater innovation and competition in the sector. This evolution in the defense industry mirrors the broader impact of tech across various markets, raising questions about the future of defense technology and its implications. 🌐🛰️ | |||
| 12 Feb 2024 | How Stellar Is Perfecting the Internet while on the Go with Damien Garot & Hassan Aouisse | 00:35:05 | |
We've all been there: mid-conversation or deep into a work session, only for our digital lifeline to suddenly drop, leaving us stranded in a sea of silence. It's these moments of unexpected disconnection that highlight a pervasive gap in our modern, connected lives. Well, Today on Things Have Changed Podcast, we're joined by Damien Garot, CEO, and Hassan Aouisse, CTO of Stellar, a deep tech startup on a mission to perfect internet while on the move. Join us as we delve into the journey of Stellar, uncovering the inspirations, challenges, and breakthroughs that mark their path towards a seamlessly connected world. This episode is more than just a peek into the future of technology; it's a conversation about how bridging the digital divide can reshape our daily lives, making every moment of connection count. So stay curious, and let's explore together how Stellar is lighting up the dark spots on our digital maps, ensuring that no call, no message, and no byte of data is ever lost in transit again. | |||
| 29 Jan 2024 | Drones, Data, and Dollars: Anduril's Disruptive Play in the Defense Industry | 00:24:56 | |
Palmer Luckey, once synonymous with the virtual reality revolution through the Oculus Rift, catapulted into tech stardom when Facebook acquired Oculus for an astonishing $2 billion. This pivotal moment not only validated VR's potential as the next major computing platform but also marked a turning point in Luckey's career. His journey from crafting immersive digital worlds to influencing tangible, real-world outcomes began here, setting the stage for an unexpected pivot towards a sector far removed from gaming and entertainment: defense. Transitioning from virtual reality to the defense industry, Luckey embarked on a new venture, founding Anduril Industries. This shift was motivated by a desire to innovate within a sector known for its resistance to change, leveraging cutting-edge technology to address modern security challenges. Anduril's inception represented a bold move into a domain dominated by longstanding giants, with Luckey aiming to infuse the agility and innovation of Silicon Valley into the traditionally conservative defense industry.
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| 05 Feb 2024 | From Uganda to Mexico: Asaak's Inspiring Journey Unveiled with Dylan Terrill | 00:39:15 | |
Ever wondered how startups grow by buying other companies? Today on Things Have Changed, we're delighted to host returning guest, Dylan Terrill, Chief Business Officer of Asaak, as he discusses his company's remarkable expansion, now spanning two continents. Asaak, founded in 2016, is a fintech company offering loans for motorcycles and smartphones to people who couldn't get traditional bank loans. This approach not only addressed a critical financial gap but also spurred economic empowerment in Uganda. Now they've set their sights on to Mexico, through a strategic acquisition of FlexClub Mexico. With over 300,000 active Uber drivers and a smartphone penetration of 93%, yet with less than half the adult population banked, Mexico presents a fertile ground for Asaak's mission-driven approach. Join us on Things Have Changed for a deep dive into Asaak's groundbreaking journey and the visionary leadership steering it into new frontiers. | |||
| 25 Mar 2024 | How Starlink Is Rewriting Connectivity and Its Global Implications | 00:39:06 | |
Picture this: You're kicking back, watching one of those jaw-dropping SpaceX rockets launch into the cosmos, carrying astronauts or top-secret cargo to the space station. Yeah, that's the same SpaceX we're talking about today on Things Have Changed. They've been lighting up the skies and our feeds with a whopping 96 launches last year alone. Impressive, right? But here's the kicker: even with all that rocket-fueled spectacle, we're left wondering, does all this bankroll Elon Musk's dream of an inter-planetary human? Enter the game-changer: Starlink. Imagine thousands of tiny satellites zooming above us, bringing high-speed internet across the globe. In just a blink (A few years), Starlink's morphed into a giant slice of SpaceX's revenue, raking in nearly 40%. And let's face it, in a world where the internet's as essential as the air we breathe, Starlink's looking to shake things up big time. So join us on Things Have Changed Podcast as we dive deep into the Starlink saga. It's more than just a tech tale; it's about connecting corners of the Earth that have been left in the digital shadows.
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| 08 Apr 2024 | How Swyft Cities Is Revolutionizing Urban Mobility with Jeral Poskey | 00:47:15 | |
Tech companies today are building bigger and bigger campuses. Think about Google's sprawling complex in Mountain View, Facebook's expansive headquarters in Menlo Park, and Amazon's new HQ2 in Arlington, VA. These are not just workplaces; they are mini-cities, pulsating with thousands of employees every day. Just trying to get around campus becomes a rather daunting task and that’s a problem that Jeral Poskey, founder of Swyft Cities, thinks about a lot: Swyft Cities was founded in 2019 by some Google Alums, behind the real estate and transportation programs for Google Campuses! The problem they were trying to solve? How do you move massive amounts of people in an increasingly growing campus? Jeral envisions a future where getting around tech campuses and cityscapes is as seamless as hopping on a ski lift, but with the urban flair of downtown gondola rides. Swift Cities isn't just about easing commutes; it's about transforming how we interact with our urban environments, making them more accessible, sustainable, and enjoyable. As Jeral puts it, it's about creating a 'Goldilocks density' of urban living, where communities thrive without the clutter and pollution of cars. | |||
| 22 Apr 2024 | How Brevdev Is Making AI Development Accessible and Simple for Everyone with Nader Kahlil | 00:30:56 | |
When ChatGPT was launched in December 2022, few could have predicted the rapid transformation the world would undergo in the following months. It emerged as the fastest-growing consumer technology in history, catching many by surprise. As companies explore advanced AI, they often struggle with managing the necessary infrastructure, including the specialized chips that power these technologies, which can slow their progress. Brev, led by Nader Khalil offers a strategic solution that simplifies the complex landscape for companies striving to leverage AI. Brev’s platform is designed to allow companies to focus on leveraging AI for innovation without the overhead of managing hardware, ensuring they can harness these powerful technologies efficiently. In the midst of this GPU capacity shortage, the need for more efficient resource management is highlighted. The lack of GPUs or the GPU availabilities out there in the world is not only affecting the largest customers in the world, but also startups and midsize companies that really need access to it. Today, on Things Have Changed Podcast, we're diving deep with Nader Khalil, Co-Founder and CEO of Brev into how they support the generative AI boom, ensuring that businesses can innovate freely with AI, reducing the trouble of managing high demand GPUs like A100, H100 and others. | |||
| 20 May 2024 | Is Prompting The New Programming? with Filip Kozera and Robert Chandler, Wordware AI | 00:39:30 | |
Bringing Coding to the Masses with AI. Can programming become accessible to all? This week on Things Have Changed podcast we have Filip C. Kozera (CEO) and Robert Chandler (CTO) from Wordware AI, a startup that's simplifying app creation and making it more user-friendly for both experienced programmers and complete beginners! Imagine you have the next million-dollar app idea – and you're going to build it yourself! But instead of writing complex code, you're simply using...English. That's the vision driving the Wordware team, who are developing these impressive capabilities in a seamless, easy-to-use interface. Today's episode dives into topics like the rise of "prompt engineering" as a vital new skill, the wide-ranging impacts of easily accessible AI development, and a future where creativity and clear communication are more valued than traditional programming languages. Don't miss this fascinating look into making software development more intuitive and user-friendly! 00:00 The Dawn of AI in Software Development 00:46 The Evolution of Programming: From Code to English 01:50 The Impact of AI on the Software Industry 05:02 Exploring the Future of AI and Software with WordWare 05:18 The Challenges and Innovations in AI Development 07:48 WordWare: Revolutionizing Programming with AI 09:33 The Expanding Role of AI in Various Industries 10:02 The Future of Work: AI Engineers and Domain Experts 12:31 Unlocking Creativity and Efficiency with AI 18:49 WordWare: A New Paradigm for AI Development 25:05 Empowering the Next Generation of Developers and Creatives 30:09 WordWare's Vision: Making AI Accessible to All 36:26 Closing Thoughts and Opportunities with WordWare | |||
| 10 Jun 2024 | How Companies Can Supercharge Their Brand Visibility with Sneha Saigal's Geeks&Experts | 00:32:28 | |
The Power of PR: Navigating Today’s Media Landscape with Sneha Saigal In our hyper-connected world, the stakes for corporate reputation are incredibly high. Remember Cristiano Ronaldo's simple gesture that caused a $5 billion drop in Coca-Cola's market value? Or the backlash against Pepsi's Kendall Jenner ad? These moments remind us how quickly public sentiment can shift. Today on the "Things Have Changed Podcast," we welcome Sneha Saigal, founder and CEO of Geeks&Experts, who has pioneered PR solutions that empower startups to turn crisis into opportunity. Her innovative approach helps startups navigate these volatile waters by providing scalable PR expertise, crucial for maintaining a positive public image. Join us as Sneha shares her invaluable insights into the vital role of PR in shaping public perception and brand integrity. We'll explore how effective PR strategies can help startups not just manage crises but also build enduring relationships and a robust corporate identity. Stay tuned as Sneha reveals the transformative potential of PR in the digital age and how it can make or break a company's reputation overnight. | |||
| 24 Jun 2024 | How Cling Systems is Transforming Battery Supply Chains with William Bergh | 00:47:32 | |
Revolutionizing Battery Recycling: The Future of Sustainable Energy Management As the world embraces the electric vehicle (EV) revolution, with 1.3 million EVs sold in 2023 alone—a 40% increase from the previous year—the issue of battery disposal and recycling is becoming increasingly critical. The demand for lithium-ion batteries, essential for EVs and other electronics, has skyrocketed, yet the challenge of managing these batteries at the end of their life remains largely unaddressed. The Circular Economy and Battery Recycling The concept of a circular economy, where products are reused, recycled, and remade into new products, is gaining traction as a sustainable solution to the growing battery waste problem. Traditional fossil fuels are consumed and discarded, but batteries, composed of valuable materials such as lithium, nickel, and cobalt, present an opportunity for continuous reuse. This shift from a linear to a circular model could significantly reduce the environmental impact of battery disposal. Cling Systems: Pioneering Circularity William Bergh, the Founder and CEO of Cling Systems, is at the forefront of this transformation. Cling Systems aims to revolutionize the battery supply chain through closed-loop recycling, ensuring that used batteries are efficiently reclaimed and repurposed. This approach not only reduces landfill waste but also conserves valuable raw materials, contributing to a more sustainable energy future. Bergh's vision extends beyond recycling. He advocates for urban mining, a process where waste batteries are harvested for their raw materials, effectively replacing traditional mining. This method capitalizes on the fact that batteries, unlike fossil fuels, are not consumed but stored, making their materials available for repeated use. Challenges and Innovations in Battery Recycling Despite its potential, the battery recycling industry faces significant hurdles. One major challenge is the lack of standardization in battery design, which complicates the recycling process. Unlike lead-acid batteries, which are standardized and widely recycled, lithium-ion batteries vary greatly in their composition and design. This variability makes it difficult to develop efficient recycling processes that can handle the diverse range of batteries in use today. Additionally, the supply of end-of-life batteries is highly fragmented. Batteries reach the end of their life in various locations, often ending up in drawers or being exported to different countries. This dispersed supply chain complicates the logistics of collecting and recycling batteries. Cling Systems addresses this challenge by creating a comprehensive database of battery types and conditions, enabling more efficient tracking and management of used batteries. The Future of Battery Recycling Looking ahead, the future of battery recycling hinges on continued innovation and collaboration. The industry must scale up recycling processes, standardize battery designs, and develop more efficient logistics systems. As urban mining becomes more prevalent, the reliance on traditional mining for battery materials could diminish, leading to a more sustainable and self-sufficient supply chain. Bergh envisions a world where the environmental and commercial value of batteries is maximized through seamless recycling and repurposing processes. By removing the costs and complexities of circulating batteries, companies like Cling Systems are paving the way for a greener, more sustainable future. The shift towards a circular economy in battery management not only addresses the immediate waste problem but also suppo | |||
| 05 Aug 2024 | Unveiling AI's Role in Content Creation with Originality AI's John Gillham | 00:41:33 | |
Have you ever stumbled upon an article or a piece of content online and wondered, "Did someone actually write this, or is it the work of ChatGPT?" In today’s world, where content is produced at an incredible pace, it's becoming increasingly difficult to tell the difference.. and that’s a problem in the age of misinformation. Think about it: people are getting their news on social media, X, Youtube or Facebook! With the advancements of AI, it’s hard to tell how something online can be truly authentic. With latest studies showing >12% of Google's search results being AI-generated, it's critical to ensure the integrity of the digital content we consume and create. That's where Originality AI comes in! We’re thrilled to host Jon Gillham, founder and CEO on Things Have Changed. as he shares how his team are tackling these issues head-on by developing cutting-edge tech to detect AI-generated content. In a short span of time, Originality AI have achieved remarkable results, and is the most accurate AI Detector in the market for ChatGPT, GPT-4o, Gemini Pro, Claude 3, Llama 3 etc. | |||
| 09 Sep 2024 | Storytelling That Sells: How to Build a Product Everyone Wants to Share - with Selim Benayat, Bento | 00:48:41 | |
In this episode of Things Have Changed Podcast, we sit down with Sélim Benayat, co-founder of Bento and now Director of Product at Linktree, to explore the shifting landscape of the creator economy and how Bento is helping creators showcase their work in a whole new way. Sélim shares the story behind Bento’s creation, their journey through Sequoia’s Arc program, and how they scaled their vision into a platform now empowering creators worldwide to curate their digital identities effortlessly. Creators, from engineers and designers to artists, have always had a hard time trying to visually showcase their work when it's scattered across different platforms. Sélim and his co-founder, Mugeeb recognized this problem and built Bento, a slick and visually stunning platform that lets you pull in all your creative projects into one central hub, making it easier to keep your work & portfolio organized and presentable. Tune in as we dive deep into Bento’s acquisition by Linktree, the lessons learned from building a startup, and where Sélim sees the future of the creator economy headed. Be sure to subscribe to Things Have Changed Podcast and share this episode with fellow creators and visionaries. | |||
| 09 Dec 2024 | How AI is Redefining Legal Workflows with Bryan Lee, Co-Founder of Ruli AI | 00:45:28 | |
Today, more than ever, industries are turning to tech to address inefficiencies that plague day-to-day operations. The legal industry, often viewed as one of the most traditional and slow-moving professions, is undergoing a silent revolution. Lawyers, known for their meticulous review processes and reliance on institutional knowledge, are increasingly overburdened by repetitive tasks like document review and answering the same questions multiple times. Ruli AI, co-founded by Bryan Lee, is at the forefront of this shift, leveraging artificial intelligence to redefine how lawyers work. On Things Have Changed, we recently hosted Bryan Lee, co-founder and CEO of Ruli AI, to discuss how AI could tremendously boost efficiencies within the legal space while giving lawyers the tools they need to focus on strategic, high-value work. Ruli AI: The AI Partner for Lawyers Bryan’s career journey is far from the typical one - going from big law to launching an AI startup. After spending years juggling the demands of capital markets law, in-house legal counsel, and AI development at Google and Meta, Bryan observed a universal pain point: lawyers spending countless hours on tasks that could be automated. “Imagine if lawyers had an AI partner that could handle repetitive tasks, like summarizing contracts, reviewing for inconsistencies, or even answering basic questions,” Bryan explained. “That’s where Ruli AI steps in.” Ruli AI offers a legal platform with two primary components:
This dual approach makes Ruli AI a trusted partner that helps lawyers focus on what they do best: solving complex legal challenges. The Legal Profession’s Efficiency Problem At the heart of Ruli AI’s mission is the drive to solve a problem that plagues the entire legal industry: inefficiency! The numbers are staggering. In a typical in-house legal team, a single lawyer might support 100 or more employees, resulting in a backlog of unanswered questions, delayed document reviews, and unproductive hours spent on repetitive tasks. Lawyers and AI are an Ideal Fit Ruli AI shows that AI & Law is a perfect fit. There is growing consensus that at least in the Legal field, AI is being viewed more as an Aid, and not a Replacement. By automating routine tasks, AI can empower lawyers to spend more time on complex cases, strategic thinking, and client relations. This technological shift allows legal teams to work more efficiently and cost-effectively while maintaining high-quality services. | |||
| 18 Dec 2019 | Trailer - Things Have Changed Podcast | 00:00:55 | |
Welcome to Things Have Changed, a podcast aimed at bringing together like-minded professionals to share insight, challenge ideas, and expand our perspective on the world. We aim to break down complex yet important topics ranging from business, finance, to science and technology, industry and consumer behavior trends as well as explore how these issues shape and affect the society we live in. Join Jed and Shikher through this fun, and candid journey of learning & exploration. 😊 | |||
| 19 Jan 2020 | Democratized Financial Services in Rural Uganda – with Dylan Terrill | 00:47:40 | |
Dylan Terrill is the co-founder and Chief Business Officer of Asaak, a financial platform that combines the ease of mobile-interaction and extraordinary customer service to provide financial products. Asaak is funded by Silicon Valley’s biggest VC’s like 500 Start-ups, Catalyst, Resolute Ventures, and Social Capital. Unlike traditional lending institutions, Asaak doesn’t use credit to determine your eligibility but uses loan history and other data points. Asaak champions financial inclusion in Africa, starting out in Kampala, Uganda. According to the World Bank, over 65% of the population does not have access to formal credit lending institutions, which makes it hard for the economy to grow. Asaak is here to provide entrepreneurs with the tools to succeed like credit and financial technology. Dylan co-founded Asaak with some friends and is now based in San Francisco, where he helps bridge opportunities with lenders and borrowers across the World. | |||
| 29 Jan 2020 | Rideshare Advertising Helps Local Businesses? – with Nader Khalil | 00:38:27 | |
The gig economy is transforming the workforce. From Uber, Lyft, Airbnb, TaskRabbit & DoorDash, workers are signing up for individual gigs, delivering food and groceries, ferrying passengers from one place to another. However, there are auxiliary marketplaces being built on top of the sharing economy, & Paneau is one of them. Paneau is empowering drivers & local businesses, through its highly customizable ad platform that’s being built on top of the ridesharing ecosystem. Today we are thrilled to have Nader Khalil, CEO & Co-founder at Paneau, a company leveraging the gig economy to build a platform for hyperlocal rideshare advertising. | |||
| 05 Feb 2020 | How Tech Is Upending the Fashion Industry – with Trisha Bantigue | 00:42:58 | |
Today we have a true hustle story. Our Guest, Trisha Bantigue is the CEO and Co-founder of Queenly, a marketplace for buying and selling formal gowns & dresses. But what’s more inspiring is Trisha’s journey to get to this point. She immigrated from the Philippines to the US at a very young age, and had to face quite a few challenges in her personal life. In spite of this she put herself through school at Berkeley and paid for it through many side gigs. One such side gig was modeling, which burgeoned into her participating & winning some serious pageants, including Miss California Earth in 2016, and Miss Asian Global in 2017. Trisha did all this, while working at tech companies like Google, Facebook & Uber. It was here, while modeling, she noticed a gap in the market to serve the large demand for pageant gowns & dresses & that became Queenly, a one stop shop for formalwear for women! | |||
| 16 Feb 2020 | Can Decarbonization Strategies Be Cost-Effective? – with Maria Fujihara | 00:53:42 | |
Climate change is upon us and there is an increasing demand for sustainability. In this episode, we talk to one of the entrepreneurs leading the fight against greenhouse gas emissions. | |||
| 07 Mar 2020 | How We're All Natural Born Entrepreneurs – with Kate Tyshchenko | 00:40:00 | |
Success and failure are two facets of the same coin. And no one experiences the thrill of the highs and the anguish of the lows like startup founders do. Kate, graduated with a masters in economics from the University of Regina, & after gaining invaluable experience working for 3 years, she decided to take the leap into entrepreneurship focusing on problems that were present in her day to day life. | |||
| 17 Mar 2020 | Economic Response to the COVID-19 Pandemic | 00:07:50 | |
Coronavirus (COVID-19) Pandemic Economics
Important links & trackers | |||
| 23 Mar 2020 | Stock Buybacks and Government Bailouts | 00:13:00 | |
A new coronavirus relief bill was introduced recently that includes preventing corporations from using taxpayer money for stock buybacks!
Just staggering numbers... It’s time to do the right thing! Like Mark Cuban says "No buybacks. Not now, not a year from now, not 20 years from now. Not ever!" | |||
| 27 Mar 2020 | Autonomous Trucking: Benefits vs Growing Challenges – with Krystian Gebis | 00:25:26 | |
(Part 1) Self-driving trucks will improve safety, enhance truck driver quality of life, increase efficiency, reduce congestion and emissions, and create jobs across the economy.
Our conversation with Krystian is one of our most detailed and novel episodes where we talk about cutting edge technology disrupting transportation as we know it with one of the pioneers at the fore front of this disruption. | |||
| 30 Mar 2020 | How COVID-19 Impacted the Oil Price Collapse | 00:11:13 | |
Its just another Manic Monday!
Also some funny ones -
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| 03 Apr 2020 | Self-Driving Cars Aren't Possible Without Tons of Data – with Krystian Gebis | 00:17:44 | |
(Part 2) Self-driving trucks will improve safety, enhance truck driver quality of life, increase efficiency, reduce congestion and emissions, and create jobs across the economy.
Our conversation with Krystian is one of our most detailed and novel episodes where we talk about cutting edge technology disrupting transportation as we know it with one of the pioneers at the fore front of this disruption. | |||
| 06 Apr 2020 | Canada's Economic Response to the Coronavirus Outbreak | 00:11:57 | |
The Canadian government’s fiscal stimulus package now totals ~C$200 billion ($145 billion) which aims to ensure firms survive the ongoing pandemic, and enable employees to have a job to go to once we get through this. The new measures, include
If there was only a way to for the government to send people the money fast and efficiently. Hint: We have something called Venmo and Cash App.... Although these companies want to be considered as a way for the federal government to distribute payments from the economic stimulus package to the public Sources : | |||
| 12 Apr 2020 | Neuroscience to Combat Mobility Impairments – with Juan Rodriguez | 00:25:37 | |
Juan Rodriguez is the Co-founder and Chief Technology Officer of Evolution Devices, a neuro-rehabilitation technology company.
We understand the motivations behind the company's medical device, and the personal challenges that Juan and his co-founders have had to face from where the they drew the inspiration for the EvoWalk device catered to neuro-rehab. | |||
| 09 Apr 2020 | Breaking Down the $2 Trillion CARES Act | 00:35:18 | |
The US Economy is feeling the effects of nationwide shelter in place orders and forced store closures that are non-essential. In order to mitigate the economic slowdown the Senate passed the CARES ACT (Coronavirus Aid, Relief, and Economic Security Act), a record $2 Trillion Stimulus Package. From the middle class to the big airlines, the CARES Act is designed to provide a helping hand to various stakeholders in the overall economy. In this episode we critically break down the different parts of the CARES Act and how it's designed to provide economic stability to the businesses and individuals affected by the Coronavirus. 1. Individuals / Families - $603.7 billion (30%) 2. Big Business - $500.0 billion (25%) 3. Small Business - $377.0 billion (19%) 4. State and Local Government - $340.0 billion (17%) 5. Public Services - $179.5 billion (9%)
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| 22 Apr 2020 | How Goldman Sachs Is Modernizing From Within – with Matthew Turk | 00:46:56 | |
Inside the technological changes taking place within Goldman Sachs, and our friend Matthew Turk who is dead center in the middle of this shift. Links: | |||
| 27 Apr 2020 | Why Global Oil Demand Has Plunged During Lockdown | 00:15:04 | |
Oil trynna go negative.. Drop it like it's hot.. Drop it like it's hot..
What exactly was the oil contract? WTI Oil Futures contract which is settled physically. Therefore, any speculators that can’t take physical delivery have to sell these expiring contracts on the last day i.e April 20th, no matter what. Hence even selling it for -$41.
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| 30 Apr 2020 | Can Online Checkout Be Any Faster? – with Domm Holland | 00:54:11 | |
Did you know that 1 out of 3 online transactions is abandoned because the user had forgotten their passwords? Domm Holland is the co-founder and CEO of Fast, a company that is building the worlds fastest login and checkout product. Fast wants to do this by taking out the need for passwords. Domm believes in a passwordless future in which we can all rely on Fast to make it easier for us to buy things online. | |||
| 04 May 2020 | How Street Artists Are Spreading Their Message – with Jared Karp | 00:50:17 | |
Kar_part (Jared Karp), is a rising LA street artist and ex-engineer who paints the streets of Los Angeles with elaborate timeless depictions of his understanding of the world. | |||
| 11 May 2020 | Which Stocks Are Getting Hit Hardest By COVID-19? | 00:08:29 | |
The leisure industry can be categorized into BEACH stocks:
Like FAANG stocks, but none of the upside. The BEACH stocks have cumulatively lost 45%, approximately $332B in value washed away since February due to the coronavirus pandemic. | |||
| 14 May 2020 | How the COVID-19 Pandemic Has Impacted the Airline Industry | 00:22:29 | |
Are you flying lately? It’s okay, you’re probably not. As governments all over the world try to slow the spread of COVID-19, there has been an overwhelming effort to discourage travel. Travel is down. ALL types of travel are being discouraged, including air travel. Air travel is down 96% and airline companies are struggling to cope with the changes. Take a seat, Q1 2020 is out As the close of the first quarter of the year, investors have carefully listened to the financial results coming out to see how bad it looks. Here we are! Q1 2020 results are out and oh boy… if you’ve poured money into the airline industry, you’re going to want to sit down for this one. Let's open up the hood of the airline industry Revenues are almost 90% down and it is already a low margin business. Across the board, companies reported pre-tax losses in the amounts of $2B. The leaders of the industry, Delta, American Airlines, United, all had investor relations calls that were similar to a horror story. It is a balance sheet game. Everyone’s checking to see if their B/S is just BS. CFO’s talked about each of their expected cash burn rates on Q2 2020. American Airlines reporting an expected $75M a day rate. Airlines have to decommission underutilized aircrafts by parking them in expensive parking lots. They talked about unencumbered assets (Assets that no credit has claim on - like a paid off car, or a house with no mortgages). They have mentioned how much they’ve received from the CARES act and plead that they will be able to optimize operational expenses. The Oracle divests The Oracle of Omaha, Warren Buffett divested his entire portfolio from the industry! Curious how much he owned? Here are some staggering numbers:
Buffett was pretty much THE AIRLINE GUY. That’s not a big vote of confidence at all. Some great links:
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| 19 May 2020 | How the COVID-19 Pandemic Has Impacted the Rideshare Industry | 00:12:49 | |
The rideshare industry is bleeding. Let's break down the quarter further:
One positive was the lockdowns triggered a surge food delivery and Uber Eats was a big beneficiary of this, with gross bookings up more than 50% year-over-year. Uber has even made a move on Grubhub, as they focus on consolidating the food delivery biz. Whether they get the regulatory approval for this is yet to be seen, as Gruber Eats would effectively be a monopoly in the food delivery market.
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| 01 Jun 2020 | Can AI Prevent an Over-Supply of Clothing? – with Nick Clayton | 00:46:35 | |
Humans produce 13 million tons of textile waste annually! Today's guest aims to do something about it, by reimagining the creative process of creating clothing. | |||
| 25 May 2020 | Deglobalization in Corporate Supply Chains? – with Jimmy Anklesaria | 00:55:51 | |
Supply Chain has never been talked about more, as the pandemic strains the availability of goods and services & the ability of companies to secure raw materials and components. | |||
| 06 Jun 2020 | Why Corporate Debt and Reckless Actions Result in More Borrowing | 00:10:41 | |
Today the Things Have Changed hosts discuss corporate debt, why there is so much of it, and the dangers of it in our economy.
The reality is that most businesses are not in a a healthy position and are trying to stay alive with shutdowns being enforced and revenue flows freezing up. | |||
| 09 Jun 2020 | Freight Carriers Are Sailing Half Empty (feat. Martyn Verhaegen) | 00:06:13 | |
Demand has caved and supply chains are in distress! In today’s episode we re-visit our discussion on oil going negative and have Martin Verhaegen, Founder & CEO of Qwyk, a digital logistics platform, opine on oil’s big moment, its impact on the freight & shipping industry, the complex optimization done to balance demand and supply and the high costs pertaining to storage of oil. We also learn about the concept of blank sailing where carriers are operating with half empty ships, thus balancing demand and keeping prices in check. As the coronavirus pandemic took hold and demand collapsed, ultra-large container vessels have been sailing half full or sitting in anchor by the dozens, waiting for the world to open up again. This crisis has impacted world economic flows and require new supply chain models to be developed, to adapt to sharp fluctuations between supply and demand. | |||