Global Supply Crisis May Last Into 2023: Siemens U.S. CEO

The transcript discusses the challenges and innovations in the global supply chain, particularly focusing on the chip shortage and the role of the US in fostering innovation. It highlights the concept of glocalization, the importance of producing semiconductors domestically, and the need for talent management. The speaker emphasizes optimism and the potential for shaping a sustainable and resilient future.

What is one of the positive outcomes of the supply chain disruption mentioned in the video?

• Reduced workforce

• Increased costs

• Decreased demand

• Innovation and creative work

How does Siemens view the role of its workforce in the context of global challenges?

• As a replaceable asset

• As a cost to be minimized

• As a vital part of the supply chain

• As a temporary solution

What term is used to describe the trend of combining global innovation with regional implementation?

• Localization

• Regionalization

• Globalization

• Glocalization

Why is Siemens a supporter of the Chips Act?

• To reduce labor costs

• To increase semiconductor production in the US

• To outsource production

• To decrease digital tool usage

What is the role of digital tools in addressing chip scarcity?

• To model processes and flows

• To increase customization

• To eliminate standard chips

• To reduce production

What strategy does Siemens use to retain its talent?

• Offering higher salaries

• Providing more vacation days

• Being a purpose-driven company

• Reducing work hours

What is the 'great reassignment' as mentioned in the video?

• A strategy to hire new employees

• A method to reassign employees to new roles within the company

• A plan to reduce the workforce

• A way to outsource jobs