Navigating Inflation's New Normal | Impact on SMBs and Tech's Role

In this episode, we sit down with Erik Johnson, a prominent economist, to gain valuable insights into the ever-evolving landscape of inflation, technology, financial markets, and the impact on small to medium-sized businesses (SMBs). Erik shares his expert perspective on how technology is reshaping the world of economics and offers valuable advice for businesses of all sizes. Join us for a thought-provoking discussion that explores the challenges and opportunities of today's economic environment. Chapters/Timestamps: 00:00 - Introduction 02:10 - Erik's Background and Career 07:00 - Understanding Inflation and Technology 16:30 - Impact on Financial Markets, Emerging Risks (AI, Automation), and Housing 35:30 - Government Policies and Macroeconomic Trends 43:20 - Financial Sector and the Auto Industry 49:40 - Impact on SMBs and Access to Capital 51:31 - Technology, Supply Chain Management, & Operational Efficiency for SMBs 52:33 - Financial Products for SMBs 55:55 - SMB Resilience and Strategies 59:50 - More About Erik and His Career 1:00:45 - Staying Informed and Career Highlights 1:06:06 - Erik's Typical Day 1:08:06 - Final Thoughts and Advice 1:12:29 - Conclusion and Connecting with Erik About Erik Erik conducts research on financial product market trends, emerging risks and macroeconomic trends for the Bank. He plays a central role in the Department’s coverage of the auto sector. He also provides support to BMO’s internal risk management processes. Prior to joining BMO Economics, Erik worked in credit risk modelling for BMO’s regulatory and stress testing platforms. Erik joined BMO Economics in 2020. He holds graduate degrees in economics from the University of California, Berkeley and Queen’s University. Social - https://economics.bmo.com/en/our-economists/economist-details/655/ - X: @erikandrewj - Linkedin: https://ca.linkedin.com/in/erik-johnson-646a4953 ABOUT the Podcast "ArticulateTHIS!" "Thank you for joining us on 'ArticulateThis!,' the podcast where we delve into insightful conversations with innovators, leaders, and businesses shaping the new digital economy. Discover the human side of digital transformation as we introduce you to the brilliant minds behind the tools, tactics, and technologies that define our digital world. Our podcast focuses on the people driving meaningful change through technology. Our goal is to inform, inspire, and empower our listeners to embrace the limitless possibilities of the digital age. We love hearing from our listeners. Let us know your thoughts on the show. Like, Subscribe and or suggest who we should interview. ABOUT "Pat Stagliano" I'm your host, Pat Stagliano. Join me as we delve into enlightening conversations with innovators, leaders, and businesses shaping the new digital economy. Discover the human side of digital transformation as we introduce you to the brilliant minds behind the tools, tactics, and technologies that define our digital world. I'm passionate about exploring the people behind the technology and transformation. My goal is to inform, inspire, and empower you to embrace the limitless possibilities of the digital age. Thank you for being a part of the community.