May 12, 2022 | 1PM ET
As innovation accelerates at an unprecedented pace, so does demand for resources – be it raw materials, human capital, or real estate. Business leaders are now tasked with staying ahead of the supply constraints amid heightened geopolitical tensions; finding a skilled workforce to bring products to market, and balancing consumer demand and higher inflation. We convene a panel of experts to discuss how to deal with rising costs and create new solutions to short and near-term resource challenges to lead in uncertain markets.
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Hamid Moghadam is Co-Founder, CEO and Chairman of Prologis. In 1983, Mr. Moghadam co-founded the company's predecessor, AMB Property Corporation, and led it through its initial public offering in 1997, as well as its merger with Prologis in 2011.
Mr. Moghadam is a trustee emeritus of Stanford University and currently serves on the boards of Stanford Management Company (former Chair), Stanford Health Care and the Stanford Graduate School of Business. Previously, he served as a trustee and as a member on the board’s executive committee for the Urban Land Institute, Chairman of NAREIT and REITPAC, and as a member of several other philanthropic, community, and corporate boards.
Mr. Moghadam received the 2013 Ernst & Young National Entrepreneur of the Year Overall Award and is a recipient of the Ellis Island Medal of Honor. He has been named CEO of the Year and received multiple lifetime achievement awards from leading publications and industry organizations, including Harvard Business Review, which in their latest rankings, voted him as the #17 Best Performing CEO in the world.
Mr. Moghadam received an MBA from the Stanford Graduate School of Business and a Bachelor and Master of Science in engineering from Massachusetts Institute of Technology.
Dr. Nela Richardson is ADP’s Chief Economist and the Co-Head of the ADP Research Institute (ADPRI), where she leads economic research and provides reliable and timely analysis for the public, global and local businesses, and policymakers. Her background and expertise cross many industries, including finance, technology, housing and labor.
In response to the accelerated pace of economic change, Dr. Richardson led the launch of a high-frequency revamp of the renowned ADP® National Employment Report in collaboration with Stanford Digital Economy Lab. Together with her team of researchers, data scientists and financial markets experts, Dr. Richardson drives the Institute’s mission to generate data-driven discoveries about the world of work through research initiatives, such as Pay Insights, Global Workforce View and Women at Work, among others.
In addition to ongoing labor market analysis, Dr. Richardson provides insights on the dynamic shifts of the economy. She is a highly sought speaker and has delivered remarks at global thought leadership events, including the World Economic Forum Annual Conference in Davos. Dr. Richardson is also a regular contributor to top-tier media outlets, including Marketplace from American Public Media. She frequently appears on CNBC, Bloomberg, Fox Business CNN, Yahoo! Finance, The Wall Street Journal, FORTUNE magazine, The New York Times, among others. Dr. Richardson’s MainStreet Macro blog offers insights on how economic conditions affect small businesses, workers and households.
Prior to her work at ADP, Dr. Richardson was Principal and Investment Strategist at Edward Jones, a financial services firm, where she analyzed and interpreted economic trends and financial market conditions and recommended investment strategies. Dr. Richardson previously served as chief economist at Redfin Corp., a national real estate brokerage and technology company, where she led a team of data scientists, economists and writers to track trends in the housing market. She also worked as a senior economist for Bloomberg, L.P., covering housing and financial markets.
Dr. Richardson has held research positions at the Commodity Futures Trading Commission (CFTC), Harvard University’s Joint Center for Housing Studies and Freddie Mac. She also worked as an adjunct finance professor at the Carey School of Business at John Hopkins University. She earned a Ph.D. in economics from the University of Maryland, College Park with concentrations in financial economics, international finance and economic development. Dr. Richardson also attained a master’s degree in economics from the University of Pennsylvania and a bachelor’s degree from Indiana University in Bloomington, where she was a triple major in mathematics, economics and philosophy.
Dr. Richardson serves on the foundation boards for the U.S. Chamber of Commerce and the National Association of Business Economists. She is a member of the Bureau of Economic Analysis (BEA) Advisory Committee and the Conference of Business Economists. She also serves on the National Academies, Sciences, Engineering and Medicine Committee on National Statistics and the Committee on Automation and the U.S. Workforce.
Ylan Q. Mui is CNBC’s Senior Congressional Correspondent based at the network’s bureau in Washington, D.C., reporting on Capitol Hill and economic policy. She also plays a key role covering the power struggle between Big Tech and Washington as they continue to debate on Capitol Hill. Her reporting appears on television and CNBC’s digital platforms. Mui joined CNBC in February 2017 as a reporter focusing primarily on economic and regulatory policy.
Prior to CNBC, Mui spent nearly 15 years at The Washington Post, most recently as White House economic policy correspondent. She previously covered the Federal Reserve and the macroeconomy, subprime lending, consumer finance, retail and education. In addition, Mui reported on major international stories, including the Greek financial crisis and Brexit, as well as national disasters such as the BP oil spill and Hurricane Katrina.
Mui began her career as a receptionist and obituary writer at The Times-Picayune in New Orleans, where she was born and raised.
Mui graduated from Loyola University in New Orleans with a major in communications and a double minor in biology and philosophy. She is a member of the Asian American Journalists Association, where she is a past vice president of the Washington, DC chapter. She is also a graduate of AAJA’s Executive Leadership Program.
Diana Olick is an Emmy Award-winning journalist, currently serving as CNBC’s Senior Real Estate Correspondent. She also contributes her climate and real estate expertise to NBC News NOW, MSNBC, NBC’s “Today” and “NBC Nightly News.” She is a regular guest speaker and does guest segments on NPR and C-SPAN. Her work on CNBC.com won the Gracie Award for “Outstanding Blog” in 2015.
Soon after joining CNBC in 2002, Olick recognized the quick run-up in the housing market, fueled by investor flipping, and consequently launched the network’s real estate beat. She covers both commercial and residential real estate as well as the mortgage market. Olick was at the forefront of reporting on the housing boom, the subprime mortgage collapse, the resulting housing crash and the ongoing recovery. She also launched the real estate page on CNBC.com and is its primary author.
In 2018, Olick envisioned a new series for the network called “Rising Risks,” which examines all aspects of the growing risk to real estate from climate change. The series grew beyond real estate and in 2021, Olick began covering climate full-time across all sectors. That same year, she covered the COP26 United Nations climate summit in Glasgow, Scotland, reporting on government, corporate and private sector investments in the fight against climate change.
In early 2022, Olick launched an additional climate series, Clean Start, which follows venture capital money into climate startups. The series airs weekly and has its own page on CNBC.com/clean-start.
Prior to joining CNBC, Olick spent seven years as a correspondent for CBS News. Olick began her career as a local news reporter at WABI-TV in Bangor, Maine; WZZM-TV in Grand Rapids, Michigan; and KIRO-TV in Seattle. She joined CBS in 1994 as a New York-based correspondent for the “CBS Evening News with Dan Rather” and “The Early Show.” She also contributed pieces to “48 Hours” and “Sunday Morning.”
At CBS, Olick worked in the New York, Dallas and Washington, D.C. bureaus, covering such stories as the World Trade Center conspiracy trial, the crash of TWA Flight 800, the JonBenet Ramsey murder mystery and was the exclusive correspondent for the trial of Oklahoma City bomber Terry Nichols. She also took a temporary assignment in CBS’ Moscow bureau, where she chronicled the brief presidential campaign of Mikhail Gorbachev.
Olick has a B.A. in comparative literature with a minor in soviet studies from Columbia College in New York and a master’s degree in journalism from Northwestern’s Medill School of Journalism.
Follow Diana Olick on Twitter @DianaOlick on Instagram @DianaOlick and on Linkedin.
Even as the pandemic recedes, corporations continue to grapple with inflationary pressures and persistent tightness in goods, services and labor. While the hope is that these friction costs will iron out over time, these issues, plus the fears of a possible recession, remain top challenges for CEOs. ADP Chief Economist Nela Richardson joins us with insight on how to navigate inflation’s new normal in 2022 and beyond.
Nela Richardson, ADP Chief Economist
Moderator: Ylan Mui, CNBC Senior Congressional Correspondent
As property owner to Amazon, Walmart, Home Depot and countless other conglomerates, Prologis is at the red-hot center of the warehouse logistics and distribution industry and an important bellwether for the global economy. CEO Hamid Moghadam explains how the company continues to balance historic growth and insatiable demand for e-commerce and industrial rents against constrained inventory, escalating construction and land costs and labor tightness.
Hamid Moghadam, Prologis Founder, Chairman and CEO
Moderator: Diana Olick, CNBC Senior Climate and Real Estate Correspondent
With $91.5 billion in assets, City National Bank provides banking, investment and trust services through 73 branches, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Washington, D.C. and Miami*. In addition, the company and its investment affiliates manage or administer $96.2 billion in client investment assets.
City National is a subsidiary of Royal Bank of Canada (RBC), one of the world’s leading diversified financial services companies. RBC serves more than 17 million personal, business, public sector and institutional clients through offices in Canada, the United States and 27 other countries.
For more information about City National, visit the company’s website at cnb.com.
*City National Bank does business in Miami and the state of Florida as CN Bank.
Jason Blum, founder of Blumhouse Productions, is a three-time Academy Award®-nominated, two-time Primetime Emmy Award-winning and a two-time Peabody Award-winning producer. Blumhouse is known for pioneering a new model of studio filmmaking: producing high-quality micro-budget films and television series, and his multimedia company is regarded as the driving force in the horror renaissance.
Through Blumhouse, he has produced over 150 movies and television series.
In film, Blum has produced the lucrative, iconic, genre franchises like Halloween, Paranormal Activity, Insidious, Happy Death Day, Sinister and The Purge, among several others. More recently, he unleashed a fresh, successful take on The Invisible Man, directed by Leigh Whannell and starring Elisabeth Moss, that grossed over $122 million. Blum’s additional feature film credits include, but are not limited to: The Hunt; Glass from M. NIght Shyamalan; Spike Lee’s BlacKkKlansman; 2017 blockbusters Split from M. Night Shyamalan and Get Out from Jordan Peele; The Gift; Unfriended; Whiplash; and The Visit.
Blum’s television company successfully relaunched three years ago as a vibrant independent studio producing almost 15 series with different networks and streaming platforms, including but not limited to Sharp Objects for HBO; The Loudest Voice for Showtime; A Wilderness of Error for FX; The Good Lord Bird for Showtime; among several others. The company is also in production on a slate of streaming films for Amazon, that are released under the banner, Welcome to the Blumhouse, and they're also in production on Into The Dark, a monthly horror anthology series for Hulu.
The indie studio has also earned critical acclaim, including a Golden Globe and Critics Choice Award for Sharp Objects; a Golden Globe award for Russell Crowe’s performance in The Loudest Voice; and Emmy awards for its productions of The Normal Heart and The Jinx, for HBO. The division also produced feature-length documentaries, with projects that include: A Secret Love, from executive producer Ryan Murphy, for Netflix; This Is Home, the 2018 Sundance Audience Award winner (World Documentaries) and recipient of the prestigious duPont/Columbia School of Journalism Award and Bathtubs Over Broadway, the lauded documentary.
Blum has been recognized by TIME magazine’s 100 list of the world’s most influential people and has appeared several times on Vanity Fair’s “New Establishment List.” In 2016, he received the Producer of the Year Award at CinemaCon. Jason is on the Board of The Public Theater in New York, the Sundance Institute, Vassar College and the Academy Museum of Motion Pictures. Before founding Blumhouse, Blum served as co-head of the Acquisitions and Co-Productions department at Miramax Films in New York. He began his career as the producing director of the Malaparte Theater Company, which was founded by Ethan Hawke.
He is married to screenwriter Lauren Blum and they have a daughter, Roxy, and a son, Booker.
Michelle Gass is CEO of Kohl’s and is responsible for the company’s long-term growth, profitability, and strategic direction—overseeing its 1,160 store base, ecommerce business, and 100,000 associates across the country. She is committed to building a strong purpose-driven culture, and has accelerated the company’s Diversity and Inclusion efforts and ESG strategies and goals.
Gass has recently set a bold new vision for Kohl's—to be the most trusted retailer of choice for the active and casual lifestyle. During her tenure, she led the transformation of the company’s efforts in becoming a leading omnichannel retailer, brought in and elevated notable national brand partnerships, and evolved Kohl's loyalty program into an industry-leading platform. As a champion of driving continuous reinvention for the future, Gass has forged new innovative partnerships with iconic powerful companies, such as Amazon and Sephora, to anticipate the needs of families for today and for tomorrow.
Joining Kohl’s in 2013 as chief customer officer, Gass was named chief merchandising and customer officer in 2015, with responsibility for Kohl’s marketing, merchandising, planning and product development functions. She was promoted to CEO-elect in October 2017 prior to assuming the CEO role in May 2018.
Gass has more than 30 years of experience in the retail and consumer goods industries. Prior to Kohl’s, she spent more than 16 years with Starbucks holding a variety of leadership roles across marketing, strategy, merchandising and operations, including president, Starbucks EMEA. She began her career with Procter & Gamble.
Gass has received numerous professional honors, including being named to Fortune’s Most Powerful Women in Business and Businessperson of the Year lists, as well as being named The Visionary 2020 by the National Retail Federation. Gass currently serves on the Board of Directors for PepsiCo, Retail Industry Leaders Associates, National Retail Federation, and Children’s Wisconsin. She received her undergraduate degree from Worcester Polytechnic Institute and an MBA from the University of Washington.
Vicki Hollub is President and Chief Executive Officer of Occidental. She has been a member of Occidental’s Board of Directors since 2015.
During her 35-year career with Occidental, Ms. Hollub has held a variety of management and technical positions with responsibilities on three continents, including roles in the United States, Russia, Venezuela and Ecuador. Most recently, she served as Occidental’s President and Chief Operating Officer, overseeing the company’s oil and gas, chemical and midstream operations.
Ms. Hollub previously was Senior Executive Vice President, Occidental, and President, Oxy Oil and Gas, where she was responsible for operations in the U.S., the Middle East region and Latin America. Prior to that, she held a variety of leadership positions, including Executive Vice President, Occidental, and President, Oxy Oil and Gas, Americas; Vice President, Occidental, and Executive Vice President, U.S. Operations, Oxy Oil and Gas; Executive Vice President, California Operations; and President and General Manager of the company’s Permian Basin operations. Ms. Hollub started her career at Cities Service, which was acquired by Occidental.
Ms. Hollub serves on the boards of the American Petroleum Institute and Lockheed Martin. She is the chair of the U.S. Secretary of Energy Advisory Board and the U.S. chair for the U.S.-Colombia Business Council. Ms. Hollub is also a member of the Oil and Gas Climate Initiative and the World Economic Forum, where she serves on the stewardship board for the Platform for Shaping the Future of Energy and Materials. A graduate of the University of Alabama, Ms. Hollub holds a Bachelor of Science in Mineral Engineering. She was inducted into the University of Alabama College of Engineering 2016 class of Distinguished Engineering Fellows.
In this role, Suresh is responsible for our end-to-end new product development and introduction processes, including efforts to develop new, breakthrough technologies and software for the Industrial Internet of Things. Suresh oversees Engineering, Research and Development functions as well as Honeywell Technology Solutions. He also serves as Vice President and Chief Technology Officer for Honeywell's Safety and Productivity Solutions (SPS) business group.
Suresh joined Honeywell in 1995 as a software engineer and systems analyst for Aerospace and then held a series of engineering and IT leadership positions. His previous roles included CTO for our former Automation and Control Solutions business group and President of Honeywell Technology Solutions where he was responsible for more than 50 percent of Honeywell's global technology design centers across India, China and the Czech Republic.
A graduate in computer science engineering from Bharathidasan University (India), Suresh has completed his post-graduation work in general management from the Indian Institute of Management in Kozhikode.
