February 11, 2023 • 23 mins
In this episode, I discuss about Davos and the World Economic Forum just concluded in January.
1) Where is the World Economic Forum
2) Who and Why did it start
3) Who attends
4) What was discussed
5) How much does it cost to attend
6) Some critical topicss- AI & Agriculture, Young people and work
Take a listen, this episode is filled with little nuggets and fun facts.
#Davos #WorldEconomicForum #Globaleconomy #AI #Globaltopics #climatechange #sustainability #ProtectingForests #Workforcefortheyoung
**********************************************************************************************
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I'm a former tech executive, a podcast host and an entrepreneur. I work with Universities on Organizations to transition students to the corporate world and building successful leadership pipelines ensuring a healthy financial future.
If you're interested in coordinating or working with me on keynotes, workshops, or on a one on one basis, you can go to my website www.sirishakuchimanchi.com
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Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Hello everyone and welcome toLive Beats with cerisha on Radio
Caravan 1 0 4 0.1 FM and 700 amThis is your host, Siria
Kumanchi.
I'm a former tech executive, apodcast host and a working mom.
I host a podcast, women Careerand Life.
It's spelled W O M E N.
(00:22):
C A R e r and live.
You can find it on any of yourfavorite podcast platforms,
including Spotify, apple, andGoogle.
I talk and share stories andadvice for you to achieve your
career and life goals.
So say that you're thinking ofgiving a presentation in the
front of 50 people, or maybeeven 5,000 people.
(00:43):
So how do you present, how doyou practice for it?
it talks about finding a mentorat work, so it talks about
various topics.
So check out the podcast.
It was in the top 30% of Spotifypodcasts in 2022 and is heard
over in 19 countries, and thetop two being US and India.
So thank you for being ontoday's show.
(01:04):
In this talk show, we talk aboutvarious things.
We've been talking about you.
Doing a financial health checkabout school transitions.
And last week we were talkingabout reviewing our paycheck and
how do we goal set for the year.
Today I wanted to change it up.
I'm gonna try this.
So this is my first time takingcalls on the ad and I'm gonna
take them in the last fewminutes and I'm gonna plug the
(01:26):
question now so you can thinkabout it.
I wanted to know what you, somost of us, when we are kids,
think we at that point, maybeyou wanted to be, drive a
railway car or be a pilot.
So maybe in the last five fewminutes, you can call into the
studio, live on air and tell uswhat you wanted to be at the age
of 10.
So please remember thatquestion.
(01:47):
I will plug it again just beforewe wrap up the show so we can
talk about it.
But today I wanted to talk aboutsomething d.
Many of you, if you werelistening to the news in
January, there was a, the WorldEconomic Forum in Davos has this
huge summit attended by globalleaders, and I just wanted to
unwrap some of the.
(02:08):
Impactful things they're doing,but also some of the fun facts
about it because there's so muchconversation around it, a lot of
decisions, a lot of key playersare there and on cop topics of
gravitas that they are trying todrive change about.
And I thought we could talkabout it.
So just to get started, this wasidea in 1971 that.
(02:29):
From a German and Swisseconomics who started Davos
conference.
The World Economic Forum is anonprofit organization that was
created then, and it's beenmeeting for many years.
So one of the things that itdoes is.
It's held in the ski resort inSwitzerland, not too far from
(02:50):
Zurich.
It's actually a fairly smalltown.
It's got about maybe 11,000people or more.
So obviously when it has thisconference, it swells very huge.
A lot more people.
It's really known for itsdownhill skiing's, cross-country
screening and it's very cold.
It's, this one was in January,so it's pretty cold.
(03:10):
I was reading an article whereone of the attendees was saying,
you need to best essentially bebuying this.
Thousand dollars goose downjacket to attend us because it
is going to be incredibly cold.
And this year's theme wascooperation in a fragmented
world.
And it was held between the 16thand 20th of January for this
annual meeting.
(03:31):
So it has representatives thatcome from government, from civil
society, from business heads ofstate, a lot of different
leaders who are discussingpriorities of the.
And one of the things that'sinteresting when you think about
it is, who sits on it?
So I was looking at the board oftrustees.
(03:52):
So the forum is essentiallychaired by the founder and chief
executor, this Pruser KlausSchwab, who started the World
Economic Forum.
And it's guided by these boardof trustees who come from
various walks of life.
And the first name that I.
That pops up on the list is MuBarney, who's the chairman and
managing director of RelianceIndustry, as in one of the
(04:14):
richest people in the world.
He's again, in the back from theAsian list.
On the top, it has a law forother CEOs, mark Benioff, from
Salesforce, the c e o ofAccenture, from BlackRock.
Bain and Company Nestle.
It has Algar.
The former vice president of theus it has even Fabiola Giti.
(04:36):
She's the director General ofSuns, the nuclear research lab
that.
Crosses the borders there anddoes all the accelerator
studies.
I am an originally a physicistgeek, so this totally appeals to
me.
It has Christine Lagarde, who'sthe president of the European
Central Bank, the Minister ofInformation Communication from
Rwanda, so it's got like thisvery vast, diverse thing.
(04:59):
Some of the interesting peoplewho sit on this has the cellist
Yoyo Ma.
It has Queen Rainier fromJordan.
and also, like I said, the CEO'sAF Accenture, the senior
Minister of Garment fromSingapore, so a nice mix of
different diverse voicesspeaking at it.
(05:21):
But what is it that they'retrying to tackle?
Basically this year they've beenlooking at a lot of different
forums of.
And obviously when we think ofthese world Economic Forum,
maybe the image that comes tomind is from a few years ago
when Greta Thunberg was,protesting for climate change.
(05:41):
And that is still an verypivotal part of the discussion
climate, but there's a lot ofother things that they're
looking at from an impactstandpoint.
They're looking at agriculture.
And beverage, when you thinkabout it.
This year, the world'spopulation crossed 8 billion.
Food is a big part of thatbecause you have to feed the
(06:03):
world population.
So one of the things they'reactually looking at is this
nice, lovely intersection of AIand agriculture.
And the showcase that they areusing is these Indian farmers
who are using AI to harnesstechnology, basically to raise
productivity.
The pilot project is happeningin the state of Telangana, which
(06:25):
is where my parents live, andit's looking at a couple of
thousand farmers who are lookingat growing chilies.
For, and if, most of thisnetwork, when you hear all the
radio shows, advertising fromthe restaurants, spicy food.
So that is what they're lookingat from the agricultural sector
using AI when they're talkingabout it.
Obviously there's a lot ofdiscussion.
(06:47):
This latest news about chat, G pT and Google give everything.
It's competition.
on the table and you know howartificial and intelligence is
going to impact us.
We will tackle all that at adifferent time.
But I'm just looking at what theglobal world is looking at what
their biggest concerns are.
Beyond climate is agriculture,food and beverage, cyber
security, because keepingeverything safe.
(07:08):
There's a lot of focus on oiland gas industry in this case,
but they're really looking atcybersecurity threats
everywhere.
The news this week, we've had,the BA balloon being shot.
over North Carolina, but the USmissile.
So there's a lot of discussionon just security as such.
Forest.
Part of climate change isinvesting in keeping our
(07:29):
environment up, so investing intrees.
So 80 global companies committedto basically conserving and
restoring 7 billion trees in 65countries.
That is a lot.
7 billion trees is almost a treeper person that they're planting
over 65 countries that they'retrying to reforest.
(07:51):
Another part is about digitalinclusion and having everybody
being considered when they'relooking at health, education,
and finance.
And when we think about thedigital economy, I think it's
become much more imperative now,especially when we look at what
happened during Covid and theaccess of digital economics and
how people, when you just thinkabout school and the education
(08:13):
ecosystem that existed, how dopeople integrate?
The other portion was on Ukraineand just having lifesaving
supplies to countries that arefacing humanitarian crisis.
We know that Turkey and Syriawere significantly impacted from
the 7.4 ter scale earthquake.
(08:35):
A lot of people have been lefthomeless been devastated.
People have lost lives.
So our hearts go out to them andin aid and support of them.
So there are organizations thatare supporting them.
If you're able to, as.
and last part is also trade andinvestment.
I know I've covered like thisgamut and you're wondering, it's
(08:56):
like a hopscotch of differentthings, but if you think about
it, it's about peop keeping theenvironment around as clean,
making people feel connected.
Growing food for these people.
Safety and sense of cybersecurity and equity, inference
of digital economy and havinglifesaving supplies for keep
people safe and having trade andinvestment to grow these.
(09:19):
there's a lot of discussionaround, cost of living recession
and everything else that isgoing on around that, that
they're talking about as well.
So I just talked about who sitson the boards of trustees, but I
actually wanted to really lookat some fun facts that I took
down.
So just gimme a minute to grabthese facts as we talk about it.
(09:39):
So when you look at the WorldEconomic Forum, there are a lot
of countries.
So I wanted just to talk aboutthe economics of the World
Economic Forum, right?
Like how much does it actuallycost and what does it take to be
invited?
This is a by way, an invite onlyevent.
About 2000 delegates come.
From across the countries,companies buy membership for it.
(10:01):
So you can buy a membership.
For this, it just cost$52,000 tobuy a membership.
Then the ticket for it is$19,000.
So essentially to attend anevent, you have to buy forever
$71,000 to attend an event.
So that's how much it costs.
And there are mostly inviteddelegates like I.
(10:23):
it costs industry associatesaround$137,000 a week to do
this.
There are about a thousandcompanies that attend, and
they're talking about, like Isaid, very many things.
There are about 200 CEOs whoattend and if it's, I think what
I saw was some interestingfacts.
If you have obviously a head ofstate or a ceo, attending this
(10:47):
event.
They are not going to come tostay in a hotel.
You know what?
By the time you they rent thechalet in the Swiss Cha and
stuff, it costs a couple ofhundred thousand dollars, I
think, close to.
I think by the time all thisbilling is done, maybe about
close to a half a million for aweeks' worth of stay.
And the fun fact, like how muchdo you think a hotdog.
(11:10):
I know you, you are not able tocall into the line right now,
but fun fact, how much do youthink a hotdog is for this?
It's almost$43 for a singlehotdog during that time for you
to get a divorce to eat.
So there's a lot of discussionand this is a good plug for what
we talk about on this show.
A lot of the activity, ofcourse, there's a lot of keynote
(11:32):
speeches.
People are going to conferences.
They're talking about importanttopics, but a lot of the
activity happens at networkingevents, in hallways, in
conference room, in hotelsuites, at dinners.
All of these discussions thatare also impactful are happening
at these networking events thatpeople are meeting at.
And I think someone could quitsaying it's like sweet
networking on steroids.
(11:53):
That's how diverse is whenthey're meeting together, when
they're looking at it.
And I thought what was importantis I was going to just briefly
stop the.
that was conversation and reallytalk about networking as well.
We talked about it a few weeksago.
It was just right before NewYear's when we were talking
about how to network, and Iwanted to refresh on that.
(12:14):
So when we are talking aboutnetwork, we are talking about,
what do we want to say topeople?
Kind of where do we stand in theroom and how do we meet them?
Just as a refresher, if you'rethinking of meeting someone if
you're going to a hugeconference or you're going to
like this event or a party, Ithink one suggestion is not to
(12:34):
stand near the door.
Stand of, stand in the middle orclose it to the food station so
you can meet people as they walkby.
And start up a conversation.
So a lot of this power thatcenters around this conference
is happens because of thenetworking and the opportunities
that are there as well.
So a quick plug again.
(12:57):
For those of you listening, thisis Life Beats with Cerisha on 1
0 4 0.1 FM, and 700 am I'm aformer tech executive and a
podcast host.
I host the podcast, womenCarrier and Life.
It's spelled W O M E N.
C a r e r and live.
You can find it on Spotify, onany of your favorite podcast
(13:21):
platforms.
I talk about leadership andempowerment, like how do you
negotiate for a race, how do youlook for board positions, like
various things that would affectyour everyday life.
So take a listen and see whichyou can.
Just check out whichever podcastepisode appeals to you in today.
Show here we are talking aboutthe World Economic Forum and
(13:44):
Davos and what that looks like,which is curating it because
this is an event that isglobally very high.
Impact happens in January in thesmall Swiss towns ski resort,
incredibly cold, and just howthe economics of it are around
this.
Today is the first day I'm goingto open up the phone lines at
the end of the radio.
(14:04):
So you have to gimme some graceas I figure out the control.
But the question that I wantedyou to call in the last few
minutes, if you wanna go live onair is, as a child of 10, or if
you are a kid who is 10, alsofeel free to call in.
I wanna know what you dreamtabout.
What did you wanna do?
What did you wanna be like?
Did you wanna be a pilot?
Did you wanna be a scientist?
(14:26):
Did you wanna own a business?
Did you wanna fly to space?
Whatever it is, call in and youcan go live and I, and we can
have a quick chat about it.
Looking forward to thatconversation.
One of the most interestingthings is, Taos talks about
climate change.
That is the picture that comesto mind often when most of us
think about it.
But interestingly, because mostof the people here flying in are
(14:47):
heads of state CEOs, there areabout a thousand planes that fly
in for this conference.
And when you're thinking aboutclimate change and a thousand
planes flying in for aconference that is talking about
climate change, I guess theoptics to me don't appear.
It seems like an interestingjuxtaposition.
you're talking about this, butthere's all this fuel being and
(15:10):
exhaust being generated at that.
So anyway, that's a reminder forthem to go and revisit that
conversation when they'replanning this discussions around
it as well.
So as we are looking at it lotof the discussions in this.
Are like I said, there are about2,500 delegates flying in.
Most of the conversations areinformal conversation with
(15:33):
amazing leaders that reallyhappens after dinner events that
really drives this.
So in 2020 they made amanifesto.
They're looking at this as thefourth industrial revolution,
and they're talking about,having a fair share of.
Reducing corruption inincreasing diversity and equity
around the world as people arelooking at what needs to be done
(15:57):
and upholding human re humanrights throughout its global
supply chain.
And for those who work invarious industries, whether
you're running a business,whether you're working for a
corporation, whether you areworking at home by yourself or
you're a homemaker.
Supply chain impacted everysingle one of us in different
ways.
(16:18):
If you are trying to buy a car,it became ridiculously expensive
to buy a car.
I remember going to this carshowroom just.
Fun of it to check it out.
And they told us they had sixcars on the lot.
They had sold off three and theyhad only three left.
Of course.
Now it, I think, more areavailable.
There's of course the chipshortage to build these cars as
(16:38):
well, and you probably heardthat on the State of the Union
address where they're talkingabout the chip act and the
semiconductor chips that have tobe increased.
So there were supply chainconstraints in like this high
tech world.
There were supply chainconstraints in, getting.
Certain foods and availabilityin the grocery stores as well.
There was supply chainconstraints.
If you were running a, say a bigcompany, probably getting your
(17:01):
raw materials, all of that was achallenge.
If you were running a business,maybe you're running a gas
station and you're trying tostock your shelves, you probably
didn't have access to everyproduct you're used to having,
be it beverages or food, or anyspecialty product.
So a lot of people struggled invarious aspects to source that.
Even if you went to restaurantsand stuff right, you would see a
(17:23):
note saying, no availability ofthis, just because supply chain
constraints and supply chainconstraints started all the way
across transportation lines,being stuck at the port.
So all of this together isdriving all of this.
So how do they keep up?
All of this is part of thediscussion at.
(17:43):
And one of the things that Ithought was really interesting,
and if you wanna call in I'm ina few minutes.
I'm gonna go online.
If anyone is gonna call you canstart calling in about two
minutes to take some calls.
One of the ways that they reallyfocused on here was five ways in
which the workplace could serveyoung people better.
And I think it's very importantto talk about this because at
(18:06):
this point in time, on Saturdayat five 30, there might be young
people listening to it.
You might be parents with theyoung children, or you may be
interacting with Alon.
Lot of young people.
So we see this, we hear this inthe news, but what are they
really talking about?
So one of the first thing iseveryone is saying youth
employment must be a toppriority worldwide because under
the age of 30 there's a muchhigher percentage of people like
(18:29):
just the economics of it.
There are a lot of stuff,especially in Asia and Europe
Africa, the median age of thepopulation is quite young and
they're trying to address,unemployment.
They're just upskilling thelabor.
This should not surprise anyone.
This comment.
Young people want jobs withpriorities, pur wellbeing and
(18:50):
purpose.
We've all heard of quitequitting and the meaning of work
and people wanting to work inplaces where they feel valued,
where they feel heard, and theyare very engaged as a population
on wanting that.
The interesting steady stick isfor quiet quitting.
(19:11):
If you've heard that, if youhaven't worked it, Google it and
see, especially if you're inTikTok, you've probably have
seen it quite quitting andmeaning of work for those
hashtags for quite quitting andstuff, if you Google it and
great resignation, there were500 million views between on
TikTok itself for those twotopics.
There's a lot of conversationaround it.
(19:34):
If you are a young person, maybeyou manage young people, you run
an organization, you hire in abusiness, young people, whatever
it is, this is a lens that youhave to be looking through, you
have to be thinking about, andmaybe even having conversation
with these young people to findout what is important to them
because that is the generationthat's also driving change.
Very proactively.
Very actively, and a lot of thechange is much needed.
(19:57):
think about how you wanna openthose doors and really that
segueways perfectly to the nextthing.
They want transparency fromtheir employers.
So if you are engaging withthem, you should be more open to
talking to them about theirinterest in sustainability in
climate, what you're givingback, how are you keeping the
world, equitable.
So thinking about it from thosestandpoint is important and the
(20:19):
opportunity to learn.
They want opportunities to learnto grow so that they can.
grow along with the Rapid Gchanging world they live in.
And one thing isintergenerational collaboration
starts with listening.
And one thing I heard is it'snot about just hearing us talk,
but really listening to us as wetalk about it.
(20:41):
That is what is important tothem.
And I think to all of us, right?
We want to not just be heard,but we want to be listened.
So think about it from thatstandpoint as you're wrapping
and thinking about.
I'm gonna open up the phonelines.
If anyone wants to call in, youcan call in on air.
Like I said, today is my firsttime trying.
What I'm asking for is a funthing for you to tell me what
(21:04):
you wanted to do at the age of10.
And maybe if you are a youngchild and your parent is, I
dunno what the rules ofengagement are for radio and if
this is not a show for youngpeople, but if the adult wants
to call in on the child's behalfand say what your child wants to
do, what did you wanna do at theage of 10?
Did you wanna be a pilot or, I'msitting across from the highway,
so I'm looking at trucks drivingacross, did you wanna be a
(21:25):
railway driver?
Did you wanna go off to space?
Did you wanna always.
A business owner, a farmer, whatis it that you dreamt at the
ageing of the age of 10?
So feel free to call in thephone.
Lines are open.
The studio number is 2 1 4 8 1 73 3 3 3.
And the number again is 2 1 4 81 7 3 1 3.
(21:51):
Three.
Three.
Three.
Three.
The number again?
Two one.
Four, eight.
One, seven.
Three.
Three.
Three.
Three.
Feel free to call in.
We have just over a minutebefore the show wraps up.
I'm your host, Siria Kumanchi.
I am a former tech exec and apodcast host.
I host the podcast Women Careerand.
(22:11):
So if you have comments, if youwanna share something, you can
email me and I think email's abit outdated, so you can still
try and email me.
Life Beats 1 0 4 0.1 gmail.comor you can tag me on Instagram
and send me a dm.
It's Women Carrier and Live.
It's spelled W O M E N C A R E RN L I F E.
(22:36):
So I'll find ways so that youcan reach out to me.
We are wrapping up pretty soon,and maybe next time we can try
and reach out on the airwavesand connect on some fun
questions as we look at things.
Today we were just talking aboutthe World Economic Forum.
I look forward to chatting withall of you next.
(22:57):
And stay safe.
Enjoy the lovely warm weatheroutside, and take care.
Hello everyone and welcome toLive Beats with cerisha on Radio
Caravan 1 0 4 0.1 FM and 700 amThis is your host, Siria
Kumanchi.
I'm a former tech executive, apodcast host and a working mom.
I host a podcast, women Careerand Life.
It's spelled W O M E N.
(00:22):
C A R e r and live.
You can find it on any of yourfavorite podcast platforms,
including Spotify, apple, andGoogle.
I talk and share stories andadvice for you to achieve your
career and life goals.
So say that you're thinking ofgiving a presentation in the
front of 50 people, or maybeeven 5,000 people.
(00:43):
So how do you present, how doyou practice for it?
it talks about finding a mentorat work, so it talks about
various topics.
So check out the podcast.
It was in the top 30% of Spotifypodcasts in 2022 and is heard
over in 19 countries, and thetop two being US and India.
So thank you for being ontoday's show.
(01:04):
In this talk show, we talk aboutvarious things.
We've been talking about you.
Doing a financial health checkabout school transitions.
And last week we were talkingabout reviewing our paycheck and
how do we goal set for the year.
Today I wanted to change it up.
I'm gonna try this.
So this is my first time takingcalls on the ad and I'm gonna
take them in the last fewminutes and I'm gonna plug the
(01:26):
question now so you can thinkabout it.
I wanted to know what you, somost of us, when we are kids,
think we at that point, maybeyou wanted to be, drive a
railway car or be a pilot.
So maybe in the last five fewminutes, you can call into the
studio, live on air and tell uswhat you wanted to be at the age
of 10.
So please remember thatquestion.
(01:47):
I will plug it again just beforewe wrap up the show so we can
talk about it.
But today I wanted to talk aboutsomething d.
Many of you, if you werelistening to the news in
January, there was a, the WorldEconomic Forum in Davos has this
huge summit attended by globalleaders, and I just wanted to
unwrap some of the.
(02:08):
Impactful things they're doing,but also some of the fun facts
about it because there's so muchconversation around it, a lot of
decisions, a lot of key playersare there and on cop topics of
gravitas that they are trying todrive change about.
And I thought we could talkabout it.
So just to get started, this wasidea in 1971 that.
(02:29):
From a German and Swisseconomics who started Davos
conference.
The World Economic Forum is anonprofit organization that was
created then, and it's beenmeeting for many years.
So one of the things that itdoes is.
It's held in the ski resort inSwitzerland, not too far from
(02:50):
Zurich.
It's actually a fairly smalltown.
It's got about maybe 11,000people or more.
So obviously when it has thisconference, it swells very huge.
A lot more people.
It's really known for itsdownhill skiing's, cross-country
screening and it's very cold.
It's, this one was in January,so it's pretty cold.
(03:10):
I was reading an article whereone of the attendees was saying,
you need to best essentially bebuying this.
Thousand dollars goose downjacket to attend us because it
is going to be incredibly cold.
And this year's theme wascooperation in a fragmented
world.
And it was held between the 16thand 20th of January for this
annual meeting.
(03:31):
So it has representatives thatcome from government, from civil
society, from business heads ofstate, a lot of different
leaders who are discussingpriorities of the.
And one of the things that'sinteresting when you think about
it is, who sits on it?
So I was looking at the board oftrustees.
(03:52):
So the forum is essentiallychaired by the founder and chief
executor, this Pruser KlausSchwab, who started the World
Economic Forum.
And it's guided by these boardof trustees who come from
various walks of life.
And the first name that I.
That pops up on the list is MuBarney, who's the chairman and
managing director of RelianceIndustry, as in one of the
(04:14):
richest people in the world.
He's again, in the back from theAsian list.
On the top, it has a law forother CEOs, mark Benioff, from
Salesforce, the c e o ofAccenture, from BlackRock.
Bain and Company Nestle.
It has Algar.
The former vice president of theus it has even Fabiola Giti.
(04:36):
She's the director General ofSuns, the nuclear research lab
that.
Crosses the borders there anddoes all the accelerator
studies.
I am an originally a physicistgeek, so this totally appeals to
me.
It has Christine Lagarde, who'sthe president of the European
Central Bank, the Minister ofInformation Communication from
Rwanda, so it's got like thisvery vast, diverse thing.
(04:59):
Some of the interesting peoplewho sit on this has the cellist
Yoyo Ma.
It has Queen Rainier fromJordan.
and also, like I said, the CEO'sAF Accenture, the senior
Minister of Garment fromSingapore, so a nice mix of
different diverse voicesspeaking at it.
(05:21):
But what is it that they'retrying to tackle?
Basically this year they've beenlooking at a lot of different
forums of.
And obviously when we think ofthese world Economic Forum,
maybe the image that comes tomind is from a few years ago
when Greta Thunberg was,protesting for climate change.
(05:41):
And that is still an verypivotal part of the discussion
climate, but there's a lot ofother things that they're
looking at from an impactstandpoint.
They're looking at agriculture.
And beverage, when you thinkabout it.
This year, the world'spopulation crossed 8 billion.
Food is a big part of thatbecause you have to feed the
(06:03):
world population.
So one of the things they'reactually looking at is this
nice, lovely intersection of AIand agriculture.
And the showcase that they areusing is these Indian farmers
who are using AI to harnesstechnology, basically to raise
productivity.
The pilot project is happeningin the state of Telangana, which
(06:25):
is where my parents live, andit's looking at a couple of
thousand farmers who are lookingat growing chilies.
For, and if, most of thisnetwork, when you hear all the
radio shows, advertising fromthe restaurants, spicy food.
So that is what they're lookingat from the agricultural sector
using AI when they're talkingabout it.
Obviously there's a lot ofdiscussion.
(06:47):
This latest news about chat, G pT and Google give everything.
It's competition.
on the table and you know howartificial and intelligence is
going to impact us.
We will tackle all that at adifferent time.
But I'm just looking at what theglobal world is looking at what
their biggest concerns are.
Beyond climate is agriculture,food and beverage, cyber
security, because keepingeverything safe.
(07:08):
There's a lot of focus on oiland gas industry in this case,
but they're really looking atcybersecurity threats
everywhere.
The news this week, we've had,the BA balloon being shot.
over North Carolina, but the USmissile.
So there's a lot of discussionon just security as such.
Forest.
Part of climate change isinvesting in keeping our
(07:29):
environment up, so investing intrees.
So 80 global companies committedto basically conserving and
restoring 7 billion trees in 65countries.
That is a lot.
7 billion trees is almost a treeper person that they're planting
over 65 countries that they'retrying to reforest.
(07:51):
Another part is about digitalinclusion and having everybody
being considered when they'relooking at health, education,
and finance.
And when we think about thedigital economy, I think it's
become much more imperative now,especially when we look at what
happened during Covid and theaccess of digital economics and
how people, when you just thinkabout school and the education
(08:13):
ecosystem that existed, how dopeople integrate?
The other portion was on Ukraineand just having lifesaving
supplies to countries that arefacing humanitarian crisis.
We know that Turkey and Syriawere significantly impacted from
the 7.4 ter scale earthquake.
(08:35):
A lot of people have been lefthomeless been devastated.
People have lost lives.
So our hearts go out to them andin aid and support of them.
So there are organizations thatare supporting them.
If you're able to, as.
and last part is also trade andinvestment.
I know I've covered like thisgamut and you're wondering, it's
(08:56):
like a hopscotch of differentthings, but if you think about
it, it's about peop keeping theenvironment around as clean,
making people feel connected.
Growing food for these people.
Safety and sense of cybersecurity and equity, inference
of digital economy and havinglifesaving supplies for keep
people safe and having trade andinvestment to grow these.
(09:19):
there's a lot of discussionaround, cost of living recession
and everything else that isgoing on around that, that
they're talking about as well.
So I just talked about who sitson the boards of trustees, but I
actually wanted to really lookat some fun facts that I took
down.
So just gimme a minute to grabthese facts as we talk about it.
(09:39):
So when you look at the WorldEconomic Forum, there are a lot
of countries.
So I wanted just to talk aboutthe economics of the World
Economic Forum, right?
Like how much does it actuallycost and what does it take to be
invited?
This is a by way, an invite onlyevent.
About 2000 delegates come.
From across the countries,companies buy membership for it.
(10:01):
So you can buy a membership.
For this, it just cost$52,000 tobuy a membership.
Then the ticket for it is$19,000.
So essentially to attend anevent, you have to buy forever
$71,000 to attend an event.
So that's how much it costs.
And there are mostly inviteddelegates like I.
(10:23):
it costs industry associatesaround$137,000 a week to do
this.
There are about a thousandcompanies that attend, and
they're talking about, like Isaid, very many things.
There are about 200 CEOs whoattend and if it's, I think what
I saw was some interestingfacts.
If you have obviously a head ofstate or a ceo, attending this
(10:47):
event.
They are not going to come tostay in a hotel.
You know what?
By the time you they rent thechalet in the Swiss Cha and
stuff, it costs a couple ofhundred thousand dollars, I
think, close to.
I think by the time all thisbilling is done, maybe about
close to a half a million for aweeks' worth of stay.
And the fun fact, like how muchdo you think a hotdog.
(11:10):
I know you, you are not able tocall into the line right now,
but fun fact, how much do youthink a hotdog is for this?
It's almost$43 for a singlehotdog during that time for you
to get a divorce to eat.
So there's a lot of discussionand this is a good plug for what
we talk about on this show.
A lot of the activity, ofcourse, there's a lot of keynote
(11:32):
speeches.
People are going to conferences.
They're talking about importanttopics, but a lot of the
activity happens at networkingevents, in hallways, in
conference room, in hotelsuites, at dinners.
All of these discussions thatare also impactful are happening
at these networking events thatpeople are meeting at.
And I think someone could quitsaying it's like sweet
networking on steroids.
(11:53):
That's how diverse is whenthey're meeting together, when
they're looking at it.
And I thought what was importantis I was going to just briefly
stop the.
that was conversation and reallytalk about networking as well.
We talked about it a few weeksago.
It was just right before NewYear's when we were talking
about how to network, and Iwanted to refresh on that.
(12:14):
So when we are talking aboutnetwork, we are talking about,
what do we want to say topeople?
Kind of where do we stand in theroom and how do we meet them?
Just as a refresher, if you'rethinking of meeting someone if
you're going to a hugeconference or you're going to
like this event or a party, Ithink one suggestion is not to
(12:34):
stand near the door.
Stand of, stand in the middle orclose it to the food station so
you can meet people as they walkby.
And start up a conversation.
So a lot of this power thatcenters around this conference
is happens because of thenetworking and the opportunities
that are there as well.
So a quick plug again.
(12:57):
For those of you listening, thisis Life Beats with Cerisha on 1
0 4 0.1 FM, and 700 am I'm aformer tech executive and a
podcast host.
I host the podcast, womenCarrier and Life.
It's spelled W O M E N.
C a r e r and live.
You can find it on Spotify, onany of your favorite podcast
(13:21):
platforms.
I talk about leadership andempowerment, like how do you
negotiate for a race, how do youlook for board positions, like
various things that would affectyour everyday life.
So take a listen and see whichyou can.
Just check out whichever podcastepisode appeals to you in today.
Show here we are talking aboutthe World Economic Forum and
(13:44):
Davos and what that looks like,which is curating it because
this is an event that isglobally very high.
Impact happens in January in thesmall Swiss towns ski resort,
incredibly cold, and just howthe economics of it are around
this.
Today is the first day I'm goingto open up the phone lines at
the end of the radio.
(14:04):
So you have to gimme some graceas I figure out the control.
But the question that I wantedyou to call in the last few
minutes, if you wanna go live onair is, as a child of 10, or if
you are a kid who is 10, alsofeel free to call in.
I wanna know what you dreamtabout.
What did you wanna do?
What did you wanna be like?
Did you wanna be a pilot?
Did you wanna be a scientist?
(14:26):
Did you wanna own a business?
Did you wanna fly to space?
Whatever it is, call in and youcan go live and I, and we can
have a quick chat about it.
Looking forward to thatconversation.
One of the most interestingthings is, Taos talks about
climate change.
That is the picture that comesto mind often when most of us
think about it.
But interestingly, because mostof the people here flying in are
(14:47):
heads of state CEOs, there areabout a thousand planes that fly
in for this conference.
And when you're thinking aboutclimate change and a thousand
planes flying in for aconference that is talking about
climate change, I guess theoptics to me don't appear.
It seems like an interestingjuxtaposition.
you're talking about this, butthere's all this fuel being and
(15:10):
exhaust being generated at that.
So anyway, that's a reminder forthem to go and revisit that
conversation when they'replanning this discussions around
it as well.
So as we are looking at it lotof the discussions in this.
Are like I said, there are about2,500 delegates flying in.
Most of the conversations areinformal conversation with
(15:33):
amazing leaders that reallyhappens after dinner events that
really drives this.
So in 2020 they made amanifesto.
They're looking at this as thefourth industrial revolution,
and they're talking about,having a fair share of.
Reducing corruption inincreasing diversity and equity
around the world as people arelooking at what needs to be done
(15:57):
and upholding human re humanrights throughout its global
supply chain.
And for those who work invarious industries, whether
you're running a business,whether you're working for a
corporation, whether you areworking at home by yourself or
you're a homemaker.
Supply chain impacted everysingle one of us in different
ways.
(16:18):
If you are trying to buy a car,it became ridiculously expensive
to buy a car.
I remember going to this carshowroom just.
Fun of it to check it out.
And they told us they had sixcars on the lot.
They had sold off three and theyhad only three left.
Of course.
Now it, I think, more areavailable.
There's of course the chipshortage to build these cars as
(16:38):
well, and you probably heardthat on the State of the Union
address where they're talkingabout the chip act and the
semiconductor chips that have tobe increased.
So there were supply chainconstraints in like this high
tech world.
There were supply chainconstraints in, getting.
Certain foods and availabilityin the grocery stores as well.
There was supply chainconstraints.
If you were running a, say a bigcompany, probably getting your
(17:01):
raw materials, all of that was achallenge.
If you were running a business,maybe you're running a gas
station and you're trying tostock your shelves, you probably
didn't have access to everyproduct you're used to having,
be it beverages or food, or anyspecialty product.
So a lot of people struggled invarious aspects to source that.
Even if you went to restaurantsand stuff right, you would see a
(17:23):
note saying, no availability ofthis, just because supply chain
constraints and supply chainconstraints started all the way
across transportation lines,being stuck at the port.
So all of this together isdriving all of this.
So how do they keep up?
All of this is part of thediscussion at.
(17:43):
And one of the things that Ithought was really interesting,
and if you wanna call in I'm ina few minutes.
I'm gonna go online.
If anyone is gonna call you canstart calling in about two
minutes to take some calls.
One of the ways that they reallyfocused on here was five ways in
which the workplace could serveyoung people better.
And I think it's very importantto talk about this because at
(18:06):
this point in time, on Saturdayat five 30, there might be young
people listening to it.
You might be parents with theyoung children, or you may be
interacting with Alon.
Lot of young people.
So we see this, we hear this inthe news, but what are they
really talking about?
So one of the first thing iseveryone is saying youth
employment must be a toppriority worldwide because under
the age of 30 there's a muchhigher percentage of people like
(18:29):
just the economics of it.
There are a lot of stuff,especially in Asia and Europe
Africa, the median age of thepopulation is quite young and
they're trying to address,unemployment.
They're just upskilling thelabor.
This should not surprise anyone.
This comment.
Young people want jobs withpriorities, pur wellbeing and
(18:50):
purpose.
We've all heard of quitequitting and the meaning of work
and people wanting to work inplaces where they feel valued,
where they feel heard, and theyare very engaged as a population
on wanting that.
The interesting steady stick isfor quiet quitting.
(19:11):
If you've heard that, if youhaven't worked it, Google it and
see, especially if you're inTikTok, you've probably have
seen it quite quitting andmeaning of work for those
hashtags for quite quitting andstuff, if you Google it and
great resignation, there were500 million views between on
TikTok itself for those twotopics.
There's a lot of conversationaround it.
(19:34):
If you are a young person, maybeyou manage young people, you run
an organization, you hire in abusiness, young people, whatever
it is, this is a lens that youhave to be looking through, you
have to be thinking about, andmaybe even having conversation
with these young people to findout what is important to them
because that is the generationthat's also driving change.
Very proactively.
Very actively, and a lot of thechange is much needed.
(19:57):
think about how you wanna openthose doors and really that
segueways perfectly to the nextthing.
They want transparency fromtheir employers.
So if you are engaging withthem, you should be more open to
talking to them about theirinterest in sustainability in
climate, what you're givingback, how are you keeping the
world, equitable.
So thinking about it from thosestandpoint is important and the
(20:19):
opportunity to learn.
They want opportunities to learnto grow so that they can.
grow along with the Rapid Gchanging world they live in.
And one thing isintergenerational collaboration
starts with listening.
And one thing I heard is it'snot about just hearing us talk,
but really listening to us as wetalk about it.
(20:41):
That is what is important tothem.
And I think to all of us, right?
We want to not just be heard,but we want to be listened.
So think about it from thatstandpoint as you're wrapping
and thinking about.
I'm gonna open up the phonelines.
If anyone wants to call in, youcan call in on air.
Like I said, today is my firsttime trying.
What I'm asking for is a funthing for you to tell me what
(21:04):
you wanted to do at the age of10.
And maybe if you are a youngchild and your parent is, I
dunno what the rules ofengagement are for radio and if
this is not a show for youngpeople, but if the adult wants
to call in on the child's behalfand say what your child wants to
do, what did you wanna do at theage of 10?
Did you wanna be a pilot or, I'msitting across from the highway,
so I'm looking at trucks drivingacross, did you wanna be a
(21:25):
railway driver?
Did you wanna go off to space?
Did you wanna always.
A business owner, a farmer, whatis it that you dreamt at the
ageing of the age of 10?
So feel free to call in thephone.
Lines are open.
The studio number is 2 1 4 8 1 73 3 3 3.
And the number again is 2 1 4 81 7 3 1 3.
(21:51):
Three.
Three.
Three.
Three.
The number again?
Two one.
Four, eight.
One, seven.
Three.
Three.
Three.
Three.
Feel free to call in.
We have just over a minutebefore the show wraps up.
I'm your host, Siria Kumanchi.
I am a former tech exec and apodcast host.
I host the podcast Women Careerand.
(22:11):
So if you have comments, if youwanna share something, you can
email me and I think email's abit outdated, so you can still
try and email me.
Life Beats 1 0 4 0.1 gmail.comor you can tag me on Instagram
and send me a dm.
It's Women Carrier and Live.
It's spelled W O M E N C A R E RN L I F E.
(22:36):
So I'll find ways so that youcan reach out to me.
We are wrapping up pretty soon,and maybe next time we can try
and reach out on the airwavesand connect on some fun
questions as we look at things.
Today we were just talking aboutthe World Economic Forum.
I look forward to chatting withall of you next.
(22:57):
And stay safe.
Enjoy the lovely warm weatheroutside, and take care.
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