# The Economist View from Marco Annunziata on EMS@C-Level 2023

- Show: [EMS@C-LEVEL](https://hardwarepodcasts.com/podcast/ems-c-level)
- Published: 2023-02-07
- Length: 21m
- Page: https://hardwarepodcasts.com/podcast/ems-c-level/2023-02-07-the-economist-view-from-marco-annunziata-on-ems-c-level-2023

## Summary

Marco Annunziata, former GE Chief Economist, discusses the shift from demand-side to supply-side economic constraints in 2023, highlighting productivity, innovation, and workforce talent as critical factors for EMS companies. He argues that the era of cheap capital is ending, forcing CEOs to focus on targeted investments that increase productivity rather than relying on abundant debt. Annunziata also analyzes the recent tech sector layoffs, noting that while software talent may become available to industrial firms, the fundamental shortage of skilled manufacturing labor remains a persistent challenge.

## Chapters

- [0:08](https://hardwarepodcasts.com/podcast/ems-c-level/2023-02-07-the-economist-view-from-marco-annunziata-on-ems-c-level-2023#t=8) Introduction: Marco Annunziata and the 2023 Economic Outlook
- [0:50](https://hardwarepodcasts.com/podcast/ems-c-level/2023-02-07-the-economist-view-from-marco-annunziata-on-ems-c-level-2023#t=50) The Supply-Side Fixation: Productivity and Talent Constraints
- [3:36](https://hardwarepodcasts.com/podcast/ems-c-level/2023-02-07-the-economist-view-from-marco-annunziata-on-ems-c-level-2023#t=216) Federal Reserve Policy, Inflation, and Financial Conditions
- [6:57](https://hardwarepodcasts.com/podcast/ems-c-level/2023-02-07-the-economist-view-from-marco-annunziata-on-ems-c-level-2023#t=417) EMS Inventory Adjustments and the End of Cheap Capital
- [10:27](https://hardwarepodcasts.com/podcast/ems-c-level/2023-02-07-the-economist-view-from-marco-annunziata-on-ems-c-level-2023#t=627) Secular Stagnation, Backlogs, and Business Sustainability
- [14:47](https://hardwarepodcasts.com/podcast/ems-c-level/2023-02-07-the-economist-view-from-marco-annunziata-on-ems-c-level-2023#t=887) Tech Layoffs, Software Talent, and Manufacturing Skills Gaps
- [19:19](https://hardwarepodcasts.com/podcast/ems-c-level/2023-02-07-the-economist-view-from-marco-annunziata-on-ems-c-level-2023#t=1159) AI in NPI, Reshoring, and Cautious Optimism for 2023

## Topics

- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Hiring & workforce](https://hardwarepodcasts.com/topic/hiring-and-workforce)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [AI & machine learning](https://hardwarepodcasts.com/topic/ai-and-machine-learning)
- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)

## Most relevant to

established companies

## Mentioned

- GE (company)
- Google (company)
- Facebook (company)
- Twitter (company)
- Koh Young (company)
- CloudNC (company)

## Related episodes from other shows

- [SpaceX, Enclosures & Startups - Urging Unemployment Ullagone](https://hardwarepodcasts.com/podcast/the-amp-hour/2012-12-04-spacex-enclosures-startups-urging-unemployment-ullagone) (The Amp Hour)
- [174: The Economy, Labor Market, and M&A Landscape: Paying Attention to What Really Matters with Alex Chausovsky](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2024-02-27-174-the-economy-labor-market-and-m-a-landscape-paying-attention-to-what-really-m) (Manufacturing Happy Hour)
- [‘I Feel Like Little God!’ | The Pop of the TOPS | The Most Hated Company in The Biz](https://hardwarepodcasts.com/podcast/ee-times-current/2020-08-28-i-feel-like-little-god-the-pop-of-the-tops-the-most-hated-company-in-the-biz) (EE Times Current)
- [Supply Chain Woes And Wares - Nonplussed Neotechnic Nithing](https://hardwarepodcasts.com/podcast/the-amp-hour/2015-01-08-supply-chain-woes-and-wares-nonplussed-neotechnic-nithing) (The Amp Hour)
- [The State of Manufacturing: Resilience in Uncertain Times with Willem Sundblad](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2023-02-07-the-state-of-manufacturing-resilience-in-uncertain-times-with-willem-sundblad) (Manufacturing Happy Hour)

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