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The Prof G Pod with Scott Galloway

Office Hours: What’s Going On in the Retail Sector, The Future of AI-driven Mental Health Care, and How Can I Help My Child to Become a Great Storyteller?

The Prof G Pod with Scott Galloway

Vox Media Podcast Network

Careers, Entrepreneurship, Business

4.64.1K Ratings

🗓️ 24 May 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

Scott gives his thoughts on the current state of the retail industry, specifically how they can reevaluate their investments in technology. He then speaks about how AI is impacting the mental health space. He wraps up with a discussion on storytelling. Music: https://www.davidcuttermusic.com / @dcuttermusic Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to the Property Pods Office Hours.

0:10.5

This is the part of the show where we answer your questions about business, big tech entrepreneurship

0:14.0

and whatever else is on your mind.

0:15.4

If you'd like to submit a question, please email the voice recording to officehoursappropetumedia.com.

0:20.8

Again, that's officehoursappropetumedia.com.

0:23.8

I have not heard or seen these questions.

0:26.7

First question.

0:27.7

My prof. G. Elizabeth Fiboklin here.

0:29.8

I wanted to get your thoughts on what's going on in the retail sector right now.

0:33.6

I work for a tech company that caters primarily to fashion retail brands.

0:38.2

And we're seeing a lot of these companies laying off large numbers of their tech teams,

0:43.0

even as a lot of those teams work on initiatives to improve the business efficiency and profitability.

0:48.2

And I think the challenge is that retail generally caters to short term demand and that simply

0:53.4

just doesn't jive with some of the longer term investments that tech entails.

0:58.6

And I think these layoffs are probably an example of that friction between short term and

1:02.5

the long term.

1:03.5

I recall you saying previously that as an investor, there are simply too many things that

1:07.8

can go wrong in retail.

1:09.0

And it's hard going out there if you're not one of the nighties of the world.

1:12.9

So how would you advise these retail brands on how to stop being so short term thinking

1:18.2

while still successfully navigating this near term uncertainty?

1:23.0

And what's your outlook on retail, especially maybe fashion retail over the next few years?

...

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