The first iteration of globalization was primarily rooted in principles of comparative advantage, with supply chains chasing cost efficiencies and distributed production structures. The next iteration is being shaped less by high-value technology advantages, but more by several noneconomic factors, including geopolitical tensions and national security, regionalization and nearshoring, and climate change. How are executives shoring up their supply chains in this increasingly precarious environment? How can advanced revenue management tactics, like AI-driven forecasting, help ease uncertainty and manage volatility in the supply chain? Can institutions foster mutually beneficial partnerships that transcend politics? Or will the political dimension of globalization trump economics?

* Virtual Opening Remarks by The Honorable Gina Raimondo, Secretary, US Department of Commerce