Technology-Enabled Disruption: Lessons from the Pandemic and the Path Ahead
The Atlanta, Dallas, and Richmond Feds hosted a conference to explore the implications of technology-enabled disruption during the pandemic on the US economy and how they matter to households and businesses.
Conference Details
Date: October 3-4, 2022
Location: Federal Reserve Bank of Atlanta
The Technology-Enabled Disruption conference (TED), now in its fourth year, is designed to provide a better understanding of technology-enabled disruption and explore the phenomenon's implications for the broader economy—for households and businesses. A consistent focus is on the themes of how technology-enabled disruption matters for US macro performance, worker and consumer impact, and relatedly, inclusion.
The focus for TED 2022 will be on technology-enabled disruption during the pandemic for households and businesses, and the path ahead, along four dimensions:
- We've all become aware of the unprecedented challenge to supply chains—previously adapted to a more stable world, and now drastically strained. What adjustments and long-term investments will firms make in the wake of supply chain disruptions so that their business operations become more resilient and reliable?
- Previously contact-intensive educational services were simply disabled initially and later challenged. How has this sector adapted and what major challenges remain for the education industry?
- Perhaps most often discussed, the pivot to remote work for many jobs has dramatically shifted the workplace. As we exit the pandemic, what can we expect for the dynamics of the labor market and how has it shifted economic opportunities among various segments?
- The move to vastly greater numbers of remote transactions during the pandemic accelerated the shift from cash to digital payments, all at a time of great change in what technology allows by way of decentralized, anonymized, platforms; and where central banks worldwide consider offering their own digital currencies. How has the FinTech industry adapted and grown in the wake of the pandemic? What progress was made during the disruption to make digital payments as inclusive as cash? What are the implications of the shift to digital payments for consumer credit?
Media contact: Atlanta Fed's Public Affairs office at 470-858-6665 or media@atl.frb.org.
For more information, please contact: Hazel Taylor at hazel.taylor@atl.frb.org
Agenda
| Time | Session |
|---|---|
| Monday, October 3 | Watch the sessions |
| 8:00 a.m. | Registration and continental breakfast |
| 9:00 |
Welcome |
| 9:05 |
Welcome and opening remarks Raphael Bostic, President and Chief Executive Officer, Federal Reserve Bank of Atlanta |
| 9:30 |
Disruption in the Pandemic: Supply Chain and Business Investment Decisions Session 1: Business Leader Perspective Elaine Buckberg, Chief Economist, General Motors LLC [Presentation] Griff Lynch, Executive Director, Georgia Ports Authority [Presentation] Tyson Tuttle, Technical Adviser and Former Chief Executive Officer, Silicon Labs Moderator: Jim Tankersley, White House Correspondent, New York Times |
| 10:30 |
Break |
| 10:45 |
Session 2: Research Perspective Laura Alfaro, Warren Alpert Professor of Business Administration, Harvard Business School [Presentation] John Fernald, Professor, INSEAD/FRBSF and Senior Research Adviser, Federal Reserve Bank of San Francisco [Presentation] Kim Ruhl, Professor of Economics, University of Wisconsin [Presentation] Moderator: Jim Tankersley, White House Correspondent, New York Times |
| 11:45 | Keynote The Evolution of Technological Disruption Tom Barkin, President and Chief Executive Officer, Federal Reserve Bank of Richmond Moderator: Paula Tkac, Senior Vice President and Associate Research Director, Federal Reserve Bank of Atlanta |
| Lunch | |
| 1:30 |
Disruption in the Pandemic: Labor Market Session 3: Business Leader Perspective David Benck, Vice President & General Counsel, Hibbett Sporting Goods, Inc. Leton Harding, President, Chairman, and Chief Executive Officer, Powell Valley National Bank Michael E. Hicks Jr., President and Chief Executive Officer, Hixardt Technologies Inc. [Presentation] Holly Kortright, Chief Human Resources Officer, Navy Federal Credit Union Moderator:Chris Foote, Senior Economist and Policy Adviser, Federal Reserve Bank of Boston |
| 2:45 | Break |
| 3:00 |
Session 4: Research Perspective José María Barrero, Assistant Professor of Finance at Instituto Tecnológico Autónomo de México [Presentation] Alex Bick, Research Officer, Federal Reserve Bank of St. Louis [Presentation] Michael Handel, Research Analyst, Division of Occupational Employment Projections, US Bureau of Labor Statistics [Presentation] Amanda Michaud, Senior Research Economist, Federal Reserve Bank of Minneapolis [Presentation] Moderator: Chris Foote, Senior Economist and Policy Adviser, Federal Reserve Bank of Boston |
| 4:15 | Break |
| 4:30 |
Disruption in the Pandemic: Education Session 5a: The Implications of Disruption for Workforce Development and Worker Mobility Stephen Moret, President and Chief Executive Officer, Strada Education Network Matt Sigelman, President, The Burning Glass Institute [Presentation] Moderator: Pia Orrenius, Vice President and Senior Economist, Federal Reserve Bank of Dallas |
| 5:15 | Session 5b: Disruption of Role of Community Colleges in Workforce Development Chauncy Lennon, Vice President for Learning and Work, Lumina Foundation Joe May, Chancellor Emeritus, Dallas College [Presentation] Moderator: Tamar Jacoby, President, Opportunity America [Presentation] |
| 6:00 | Reception |
| 6:45 |
Keynote
Joshua Gans, Professor of Strategic Management, University of Toronto [Presentation] Moderator: Raphael Bostic, President and Chief Executive Officer, Federal Reserve Bank of Atlanta |
| 7:30 | Dinner |
| 8:30 | Adjournment |
| Tuesday, October 4 | Watch the sessions |
| 8:30 a.m. | Registration and breakfast |
| 9:00 | Opening remarks Lorie Logan, President and Chief Executive Officer, Federal Reserve Bank of Dallas |
| 9:15 |
Disruption in the Pandemic: Payment and Credit Session 6: Business Leader Perspective Doug Bland, Senior Vice President and Head of Consumer, PayPal John Garratt, President and Chief Financial Officer, Dollar General Gordon Liao, Chief Economist, Circle Internet Financial Deepa Mahajan, Partner, McKinsey & Company [Presentation] Moderator: Kartik Athreya, Executive Vice President and Director of Research, Federal Reserve Bank of Richmond |
| 10:30 | Break |
| 10:45 |
Session 7: Research Perspective Dan Awrey, Professor of Law, Cornell Law School [Presentation] Tarun Ramadorai, Professor of Financial Economics, Imperial College London [Presentation] David Yermack, Professor of Finance, New York University Stern School of Business [Presentation] Moderator: Wei Jiang, Asa Griggs Candler Professor of Finance, Goizueta Business School, Emory University |
| 11:45 | Keynote Technology's Impact on the Post-Pandemic Economy Philip N. Jefferson, Governor, Federal Reserve Board of Governors Moderator: Raphael Bostic, President and Chief Executive Officer, Federal Reserve Bank of Atlanta |
| 12:15 p.m. |
Closing remarks |
| 12:20 | Lunch |
| Adjournment | |