# BONUS - EMS & The Economist - Episode 3, April 2023 with Marco Annunziata

- Show: [EMS@C-LEVEL](https://hardwarepodcasts.com/podcast/ems-c-level)
- Published: 2023-04-24
- Length: 20m
- Page: https://hardwarepodcasts.com/podcast/ems-c-level/2023-04-24-bonus-ems-the-economist-episode-3-april-2023-with-marco-annunziata

## Summary

Economist Marco Annunziata joins host Philip Stoten to analyze the EMS industry's economic landscape, discussing the fallout from Silicon Valley Bank and Credit Suisse failures, the persistence of inflation, and the shift to higher interest rates. They explore the paradox of tech layoffs versus manufacturing talent shortages, attributing the latter to decades of offshoring and a lack of local talent pipelines. Annunziata applies 'ecosystemic' thinking to supply chain resilience, arguing that while government interventions like the CHIPS Act have limited impact, the long-term trend is toward strategic localization and self-reliance rather than pure protectionism.

## Chapters

- [0:08](https://hardwarepodcasts.com/podcast/ems-c-level/2023-04-24-bonus-ems-the-economist-episode-3-april-2023-with-marco-annunziata#t=8) Banking Crises and Economic Outlook
- [4:54](https://hardwarepodcasts.com/podcast/ems-c-level/2023-04-24-bonus-ems-the-economist-episode-3-april-2023-with-marco-annunziata#t=294) Tech Layoffs and Manufacturing Talent Shortages
- [8:30](https://hardwarepodcasts.com/podcast/ems-c-level/2023-04-24-bonus-ems-the-economist-episode-3-april-2023-with-marco-annunziata#t=510) Ecosystemic Thinking and Supply Chain Agility
- [12:47](https://hardwarepodcasts.com/podcast/ems-c-level/2023-04-24-bonus-ems-the-economist-episode-3-april-2023-with-marco-annunziata#t=767) Government Intervention and Unintended Consequences
- [14:22](https://hardwarepodcasts.com/podcast/ems-c-level/2023-04-24-bonus-ems-the-economist-episode-3-april-2023-with-marco-annunziata#t=862) The Future of Globalization and Localization

## Topics

- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)
- [Hiring & workforce](https://hardwarepodcasts.com/topic/hiring-and-workforce)
- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Growth, exits & acquisitions](https://hardwarepodcasts.com/topic/growth-exits-and-acquisitions)
- [Leadership, teams & culture](https://hardwarepodcasts.com/topic/leadership-and-culture)

## Most relevant to

large enterprises

## Mentioned

- Silicon Valley Bank (company)
- Credit Suisse (company)
- Meta (company)
- Amazon (company)
- CHIPS Act (other)
- Ecosystemic Futures (other)
- Koh Young (company)
- Global Electronics Association (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)
- [Episode 29: The Myth of Semiconductor Industry Deglobization](https://hardwarepodcasts.com/podcast/the-circuit/2023-08-15-episode-29-the-myth-of-semiconductor-industry-deglobization) (The Circuit)
- [I’m the CHIPS bill / Stuck on Capitol Hill…](https://hardwarepodcasts.com/podcast/ee-times-current/2022-02-04-im-the-chips-bill-stuck-on-capitol-hill) (EE Times Current)
- [Tech Layoffs](https://hardwarepodcasts.com/podcast/oxide-and-friends/2022-11-08-tech-layoffs) (Oxide and Friends)
- [Wow, Dave REALLY likes Top Gun](https://hardwarepodcasts.com/podcast/the-amp-hour/2022-07-25-wow-dave-really-likes-top-gun) (The Amp Hour)

## Citing this page

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