On the cusp of a new era: global flows, energy and the supply cycle

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On the cusp of a new era: global flows, energy and the supply cycle

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The major oil shock of the early 1970s led to an energy crisis and negative supply shock, high levels of inflation, changes in monetary policy, geopolitical tensions and resource competition. These characteristics are on display again in 2023, as we find ourselves on the cusp of a new era. This #CriticalThinkingLive explores and discusses global flows, energy supplies and stockpiles, the changing size and roles of governments today, and the future of money and growth.

In this conversation with Friends of Europe’s Dharmendra Kanani and Sven Smit, Chair of the McKinsey Global Institute (MGI) and Senior Partner at McKinsey & Company, we will assess the complex and intertwined factors with an aim of building a map for a new era and understanding Europe’s role in it. This event will set the tone for our yearly discussions around a Renewed Social Contract for Europe.

#CriticalThinkingLive is the latest expansion in our #CriticalThinking family, bringing influential voices from across a range of sectors to challenge, inspire and influence current thinking on the biggest issues facing Europe and the world.

This event will be available to a wider audience via livestream. Follow us on Twitter, LinkedIn, Instagram or Facebook, and join the #CriticalThinkingLive discussion!


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On the cusp of a new era: global flows, energy and the supply cycle
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Sven Smit
Sven Smit

Chair of the McKinsey Global Institute (MGI) and Senior Partner at McKinsey & Company

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Sven Smit is currently spearheading McKinsey’s work on the Western European region. During his 30-year long career at McKinsey, Smit has acquired experience on the analysis of business growth, examining the way megatrends influence it, and defining the lessons of diversified growth. As co-chair of MGI he leads research on global economic trends and topics such as productivity and growth, urbanization, innovation and technology, labor markets and the Future of Work, emerging markets, and Europe’s economic outlook, focusing on the social contract and how it changed over the past 20 year – and especially this year.

Dharmendra Kanani
Dharmendra Kanani

Chief Operating Officer and Chief Spokesperson of Friends of Europe

Show more information on Dharmendra Kanani

Prior to joining Friends of Europe, Dharmendra Kanani was director of policy at the European Foundation Centre (EFC). He was the England director at the Big Lottery Fund, the largest independent funder in the UK and fourth largest in the world. Dharmendra has held senior positions in the public and voluntary sector and advisor to numerous ministerial policy initiatives across the UK.

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