CNBC Evolve Global Summit Lessons In Agile Leadership: Reimagining Outcomes "In many ways, going through Covid was like a wartime experience for us. It is a once-in-a-lifetime experience, and we've survived it. Just by surviving it, we have won, and hopefully we'll come back much stronger." – Tony Fernandes, CEO of Capital A As inflationary, labor and supply pressures converge, what capabilities will companies need to increase economic resilience and stay relevant with consumers? The challenges facing today's leaders seem daunting, but those who embrace change and bank on innovation will continue to transform their organizations for the future. The CNBC Evolve Global Summit looks at legacy companies who are recalibrating skills, demonstrating a growth mindset and taking active steps to succeed in this new era of business. Register now for Evolve Global Summit On Demand where you can watch all the full panels and breakout sessions. PLUS exclusive content that's only available On Demand! |
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HOW CHEVRON POWERS THE WORLD |
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| The demand for gas remains high while supply continues to be restricted, and Mike Wirth, Chevron CEO, tells Sara Eisen, CNBC "Closing Bell" Anchor, that geopolitical issues will continue to push supply tighter – from China reopening after Covid restrictions and flights increasing to international sanctions in Russia. With White House pressure, Wirth said Chevron's goal to provide affordable energy while planning for low-carbon initiatives is a balancing act but increasing domestic fuel production helps. "Our country is blessed with abundant resources of all types, including energy resources and responsible development of them is something that our industry has shown that we can do," Wirth said. "It's a great strength of this economy to have the diversity of resources, not just oil, gas and coal, but uranium, wind, solar and biofuels." |
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BANKING'S BRAVE NEW WORLD |
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| Priscilla Sims Brown, Amalgamated Bank President & CEO, is outspoken on her commitment to racial and social justice. "The social issues that we talk about are inextricably linked to what's happening today in the economy," Brown tells Andrew Ross Sorkin, CNBC "Squawk Box" Co-Anchor. Brown said financial institutions have a responsibility to use merchant codes and data information to prevent gun violence in a similar way that these institutions monitor for fraud and human trafficking prevention. "When you get a text message or a call from your bank, that is the result of using intelligence and data, in order to identify aberrations or patterns that are inappropriate or unusual or worthy of, at least, question," Brown said. |
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LIFE DURING WARTIME: HOW MHP CONTINUES TO FEED EUROPE |
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| As the war in Ukraine continues, logistical challenges prevent food supplies from getting across Europe, said Dr. John Rich, Executive Chairman of MHP SE. "Europeans have done a massive job in improving the logistics of the borders – through clearance systems, customs, fighter sanitary concerns," Rich tells Rosanna Lockwood, CNBC International Reporter. But with port closures, Rich emphasized the importance of working across public, private and government sectors. "We have actively engaged with the EU and the United Kingdom in particular, and also in the Middle East and North African regions. This has facilitated a much easier flow of products." |
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A NEW ERA OF CYBERSECURITY |
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| Poppy Gustafsson, Darktrace CEO, says critical, national infrastructure stands to be the most vulnerable for cybersecurity attacks, such as energy supplies, utilities and financial services. To prevent future attacks, Gustafsson warns companies and individuals becoming complacent to the fact that cybersecurity is constantly improving. "A very, very consistent theme is that the cyber landscape is evolving, but it is also innovating. Trying to stay ahead of these attacks is something that businesses are going to need to be able to do increasingly," Gustafsson tells Julianna Tatelbaum, CNBC Anchor & Reporter. |
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SKY'S THE LIMIT: CAPITAL A'S FERNANDES ON AIR TRAVEL'S BRIGHTER FUTURE |
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| Every industry was hit by the pandemic, but the airline industry, specifically in Asia, is still roughly six months behind Europe's return to air travel. But Asian airlines are bouncing back quickly, according to Tony Fernandes, CEO of Capital A, previously known as the AirAsia Group. Fernandes said he is optimistic about Capital A's future because he thinks the pandemic changed consumers' view on travel for the better. "In many ways, going through Covid was like a wartime experience for us. It is a once-in-a-lifetime experience, and we've survived it. Just by surviving it, we have won, and hopefully we'll come back much stronger," Fernandes said to Dan Murphy, CNBC Correspondent. |
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THE EVOLUTION, SECURITY AND STABILITY OF THE GRID |
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| As the U.S. faces record-breaking heat waves, rising inflation and tighter energy supplies, all eyes are on the energy sector, and Lynn Good, Duke Energy CEO, points to alternative energy sources as the answer. In her conversation with Jim Cramer, CNBC "Mad Money" Host & "Squawk on the Street" Co-Anchor, she said the solution could be investments in safe nuclear energy in the U.S. "50% of the power that we produce in the Carolinas is from nuclear and safety is what we do, every day, job one, to make sure that those plants are operating in a way that not only we expect but our customers, our communities (expect)," Good tells Cramer. |
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WM: RENEWABLE FOCUS ON THE FUTURE |
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| With rising raw materials and energy prices, supply pressures and labor churn, Jim Fish, CEO of WM, said increasing prices for the company's customers in incremental ways has helped the company mitigate economic turmoil. "Price increases for our customers, because waste is such a small percentage of their overall cost structure, it doesn't impact them as much," Fish tells Kristina Partsinevelos, CNBC General Assignment Reporter. Though Fish said his company sees the biggest challenge for WM is employee turnover, automation helps solve this with a continued effort in upskilling employees to assist in automation. Fish said he remains optimistic about WM's business models because recycling continues to be a profitable business going forward. WM recently announced a $1.5 billion investment in recycling and renewable natural gas to reflect this. |
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MATTEL'S NEXT GENERATION OF PLAY |
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| Mattel, one of the world's largest toymakers, is in the final phase of a hugely successful reboot and financial comeback. Ynon Kreiz, Mattel CEO, tells Julia Boorstin, CNBC Senior Media & Tech Correspondent, that key parts of its reinvention was simplifying products by leaning into heritage brands and incorporating entertainment into its business model, such as the new Barbie movie set to premiere in 2023. "The fundamental change was to change the company from being a manufacturing company that was making items, into an IP company that manages franchises," Kreiz said. "We want to reach, connect and engage with consumers wherever they are." |
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CANDY, WHISKEY AND BILLION-DOLLAR BRANDS |
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| | Against a backdrop of rising inflation, two industries are optimistic about the future - sweets and spirits businesses. Jessica Spence, Beam Suntory Brands President, tells Brian Sullivan, CNBC "Worldwide Exchange" Anchor, a rise in premiumization, e-commerce and convenience shopping helped her company during the pandemic. "Consumers are asking for different things. They're asking for a different level of quality, which is different, so I think that's an area that we're going to continue to see a lot of innovation," Spence said.
"One of the actual trends we saw during the pandemic was people were buying bigger packs (of candy) because they were staying at home and consuming entertainment," said Anton Vincent, Mars Wrigley North America President. "People, I think, really got back in touch with treating themselves and having a more balanced understanding around what that means, in very small inexpensive ways." |
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BETTING ON THE FUTURE: REINVENTING THE MODERN CASINO |
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The casino industry in the U.S. is returning to pre-pandemic operations leaving CEOs with an optimistic mindset. "Is there a recession around the corner? Time could tell. You wouldn't know it by looking at what we've experienced the last couple of quarters," Bill Hornbuckle, CEO of MGM Resorts International, tells Contessa Brewer, CNBC Correspondent. Robert Goldstein, Sands Chairman and CEO, said his company's investment in employees is credited for success coming out of the pandemic, where none of its employees were laid off. Craig Billings, Wynn Resorts CEO, said his company did not lay off employees either, which helped the company have existing employees return to work during the labor crisis. The future of the casino industry can be seen in younger generations drawn by digital technology in resorts. But as the industry automates, Billings said automation can help regulate betting limits and curb existing addiction. To see the full interview plus exclusive content not seen during the live event, use the link below. |
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City National Bank is proud to serve organizations like yours, providing flexible solutions on a global scale. Adapting in uncertain times, we understand what it takes for companies to embrace change and thrive in it. Learn More |
| Comcast Business offers a suite of Connectivity, Communications, Networking, Cybersecurity, Wireless, and Managed Solutions to help organizations of different sizes prepare for what's next. Learn more at business.comcast.com/enterprise. |
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Micron is redefining what's possible with data. Our more than 40,000 team members work with customers to innovate every day, shaping tomorrow's products, industries, and the world. Learn more. |
| The need to upskill, and reskill, the workforce has never been more urgent. At PwC, we believe everyone should be able to live, learn and work in the digital world, and have seen firsthand the transformative impact upskilling programs can have on our people's purpose and productivity. Learn more about our own journey here. |
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All panels and breakout sessions are available through Friday, July 29th. Register now to access Evolve Global Summit On Demand. |
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