Why Business Leaders Need Political Diplomacy Skills Now

The podcast explores how changing geopolitics and economic policies impact businesses, particularly concerning trade, supply chains, and talent markets. Srividya Jandhyala, an associate professor at ESSEC Business School and author of "The Great Disruption," explains that geopolitics has shifted from a tailwind to a headwind for companies. This shift affects businesses of all sizes, illustrated by the example of Indian shrimp farmers disadvantaged by tariffs. Jandhyala advises leaders to scan the environment, personalize the information, and game out different scenarios. She suggests companies need to invest in talent with diplomatic skills and quantitative analysts to navigate risks and integrate government affairs into strategy-making. The discussion also highlights how data collection and supply chain strategies, exemplified by the company Shein, are impacted by geopolitical conflicts, requiring companies to adapt their nationality and operations.