Future product management requires new products be launched amidst heightened superpower competition, climate change, and demographic collapse in advanced markets.
Thomas P.M. Barnett developed a new vision of the world economy in his 2023 book, America’s New Map: Restoring Our Global Leadership in an Era of Climate Change and Demographic Collapse.” Barnett describes the history of globalization, focusing on three major “inevitable” changes to international economic boundaries: the rise of a global majority middle class, climate change, and demographic transitions. Each would constitute a new ordering principle for globalization. Together, they transform the global economy by reorienting global integration from East-West to North-South, in turn posing significant operational risks and strategic opportunities to the world’s superpowers (America, European Union, Russia, India, China) and their multinational corporations operating in a globalized economy.
As a result, economic globalization’s next iteration compels North-South political, economic, and security integration. This growing North-South interdependence socializes the extreme geopolitical risk imposed on the planet’s lower latitudes, triggering mass migrations.
Meanwhile, advanced national economies (Western plus Asia) experience rapid demographic aging as fertility declines and lifespans lengthen. The Global South (particularly Africa and Latin America) provides labor for value chains previously concentrated in North America, Europe, Japan, South Korea, China, etc. This integration is also driven by mass South-to-North migration from lower latitudes devastated by climate change.
Climate change forces all nations to reassess their position within global value chains as the world’s wealth (arable land, workers, species) continues shifting to higher latitudes (e.g., Canada, Russia). This resource transfer forces businesses to respond to environmental, social, and governance (ESG) issues.
Politics will be reorganized, to include the shape, size, and nature of nation-states, requiring new strategies for business success.
Product managers must develop product marketing that leverages opportunities for North-South integration and across superpower economic borders. A “great product” for America may not be feasibly sold into Chinese, European, Indian, or African markets. Product managers must consider cultural relevance, balance competition against market access, and re-contextualize launches for unique conditions. A global product marketing manager will be directly embedded on the operational teams of successful companies, necessitating new product management skills found in this course’s toolkits.
Learners will gain product strategy and template techniques that can help align product teams to build effectively at-scale and create agile organizations. Course materials guide product roadmaps to achieve product success across markets through rapid prototyping, strategic branding, organizational strategies.