The world’s financial markets are more interconnected now than ever before, but the economic tools used to measure success and growth fall short in today’s dynamic global economy, according to Zachary Karabell, author of The Leading Indicators and a keynote speaker at Dairy Forum 2018.
“We are relying on a 1950’s road map to help us navigate an early 21st century global economy,” he says.
Michael Dykes, D.V.M., IDFA president and CEO, recently sat down with Karabell to preview his talk at Dairy Forum 2018.
“What your customers are doing tells you more about the world you are in than a lot of big numbers such as GDP,” Karabell told Dykes.
Karabell suggested that business leaders tap into available data to craft custom indicators that will enable them to effectively evaluate economic performance and opportunities for growth.
Here’s another teaser he shared: International trade looks like a bright spot for U.S. dairy products. “We see a direct correlation between demand for protein and income level, the more income and affluence people have, the more protein they want,” Karabell said.
Karabell’s Dairy Forum presentation, Chart Your Own Leading Indicators in the Global Economy, promises even more practical insights specific to dairy companies on international trade, future trends and custom indicators. It will be held on Wednesday, January 24 at 8:30 a.m.
More than 1,000 dairy leaders are expected to convene at Dairy Forum 2018 to shape the future of dairy with help from top government officials, successful dairy company leaders, renowned market experts and famous forecasters. It will be held January 21-24 at the J.W. Marriott Desert Springs in Palm Desert, California.
For information about hotel and travel reservations, visit the Dairy Forum 2018 site.
Members with questions may contact Melissa Lembke, IDFA manager of meetings and educational services, at registrar@idfa.org.