The commodities sector faces a new and uncertain world. In this episode, we look at how to understand and navigate the new Trump administration and its impact on domestic and global markets, particularly around energy and commodities, using analogies from history. What is signal…and what is noise?
Speaking to our host Paul Chapman on this episode is Nick Kumleben. Nick is the energy and commodities director at Greenmantle, the advisory firm founded by Niall Ferguson, focused on geopolitical and macroeconomics, taking a deep understanding of history to learn the lessons that can be applied to today's world. They advise funds, traders, and governments.
Key Talent Takeaways
Talent Must Focus on Policy Signals, Not Media Noise
In today’s centralised US administration, policy stems directly from President Trump rather than expert advisors. Energy and commodity firms need leaders who can distinguish short-term media noise from longer-term policy signals, especially around trade and tariffs.
Hire Leaders with Geopolitical and Historical Acumen
Executives with a deep understanding of historical economic cycles and geopolitical dynamics are increasingly vital to guide strategy and advise on long-term policy impacts.
Prioritise Agile Operators Skilled in Managing Volatility
In an environment of tariff unpredictability and policy shifts, operational and commercial roles must be filled with talent experienced in risk management and adaptive planning.
Build Commercial Teams That Can Sustain Global Trust
Export-facing energy companies, especially in LNG, need commercial leaders who can navigate political headwinds and maintain long-term international partnerships under uncertainty.
Security and Sovereignty Now Shape Talent Needs
Economic security and reshoring are replacing efficiency as policy priorities. Energy and commodities firms need leaders who can operate across government, policy, and ESG to align with national interests while remaining commercially responsive.
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