Here we go!
Risky Business
AON released the results from a 2022 Executive Risk Survey, and the top risks were not surprising:
Inflation
Financial Crisis
Energy Supply
Cyber Attacks
We could be grateful the global pandemic did not make a list this year. This year's list could be the economic equivalent of Long Covid, with a war thrown in to see what we can bear.
A simplified definition of Inflation is when Prices go up for executives of companies who produce products and services, Inflation can mean lower demand for products and services. Inflation typically kept around 2%, has been up over 8% recently, followed by a global pandemic, shut down. Labor and supply chain challenges the likes we haven’t seen in modern history.
A financial crisis could now follow Inflation, especially if a war in Ukraine continues to string the global energy supply. Hackers are having a heyday as if these risks were enough to work through.
What’s My Scene
Once the doom clouds start to move, AON gives 4 Key Characteristics Leaders can take.
Embracing risk is the only option.
Don’t hit the brakes on long-term investment - or ignore long-tail risks.
Analysis and advice from internal and external stakeholders are vital in making better decisions.
COVID-19 has shown that risks are interconnected.
From the With A Shout Team:
Welcome to the Post Covid world.
The reason we call it Long-Term is cause it’s Long-Term.
Talk with friends.
See answer #1.
SalesFreeze
A recently announced hiring freeze and a small round of layoffs have hit the darling of the online sales and CRM SAAS company Salesforce. The trend in the latter part of 2022 from several large tech companies is to freeze hiring and to let everyone else know we are looking to make some cuts in the future.
By projecting this out, you may get some early retirement, or people looking to go on sabbaticals or finally take that teaching job they always wanted. Most large companies forecast out and are already preparing for the Risks we highlighted earlier.
Amazingly, the unemployment rate has been below 4% the entire year. Strange days indeed.
My Hero
On Drugs
Serial Disrupter Mark Cuban has been disrupting the industry since his broadcast.com days. Now he’s taking on pharmaceuticals. His company, Cost Plus Drugs, currently sells 100 generic medications with a simplified pricing system. It costs 15% and a $3 charge for pharmacists’ labor.
In a recent interview with Hope King from Axios, Mark said the following:
“The whole pharma industry is intentionally distorted," said Cuban. "You’ve got one industry that's f**ked up and three players that f**k it up, and now it’s my turn to f**k them up.
Get them, Mark, With A Shout!
[Music Notes]
Welcome to Anderton’s SOUND LIKE… without busting the bank series. Andertons is a music store in the UK, and two musicians will take sound and try and recreate it for under $1,000. We could watch them all day!
Watch Rabea Massaad and Matt Hornby attempt to sound like your favorite artists on a budget using the most accurate but affordable gear they can find from Andertons Music Co.
Don’t Tell A Soul
Secret Links to Cool Stuff:
Words | Music | Art | Unknown
Jukebox Shuffle
Thoughts on Music
A Cerebral Journey.
Click on the Apple Music image to listen to the song on Apple Music or on the Spotify Image to listen to Spotify.
Words from Gen X
Thank you for spending a few minutes with us!
With A Shout Team