Hyperloop Technologies Gets a New CEO In Former Cisco Executive Rob Lloyd

Hyperloop Technologies, a startup aiming to commercialize Elon Musk’s vision of 700mph pods hurtling people and goods all over the world through steel tubes, announced today that it’s naming former Cisco top executive Rob Lloyd as its new CEO effectively immediately. Lloyd was considered a front-runner to replace longtime Cisco CEO John Chambers, but lost out in the end to Chuck Robbins, himself a 17-year Cisco veteran. Hyperloop also today named former Snapchat COO Emily White to its board of directors.

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The Global Trade Slowdown is OK: Reshoring Is Real

Tuesday’s Wall Street Journal featured a front page story headlined, “Worries Rise Over Global Trade Slide.”  Its gist was that we’re in for trouble if globalization rolls back in favor or more regional or local supply chains. The implication is that far-flung manufacturing and sourcing strategies are better for business profits, economic growth and productivity gains.  This may have been true between 1980 and 2010 but the world has changed and I think it’s for the better.

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