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Chuck Robbins’ 10 Boldest Remarks On Cisco Plus, Webex Investments, And Enterprise 5G Opportunities

‘Every company on the planet came to the realization that they needed to [have] modernized IT infrastructure. So, the opportunity for all of the partners here is also that everyone is moving [forward] from wherever they are. If they were advanced, they’re trying to get even more advanced. And if they were behind, they realized they never want to be in that situation again,’ Cisco CEO Chuck Robbins tells CRN.

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On the state of the economy, inflation, and the opportunity to sell more technology

Yeah, I think there will be [an opportunity.] The economists know their work better than I. I am not an economist. At best I have a mathematics degree and a computer science concentration. But I do believe that we will see – there’s this pent-up demand [from] the consumer, for all the things that they haven’t been able to do over the last 12 to 18 months. We all know it. We sit around and talk about, “Where’s the first place you want to visit when you go? Where are you going to go? What restaurants are you eating at now that you’re eating at restaurants?” And so, I think all of that flows through the economy.

I think the flip side, from the B2B side, is that every company on the planet came to the realization that they needed modernized IT infrastructure. So, the opportunity for all of the partners here is also that everyone is moving [forward] from wherever they are. If they were advanced, they’re trying to get even more advanced. And if they were behind, they realized they never want to be in that situation again.

You’ve got the stimulus funding flowing in. You’ve got this infrastructure bill, that some version of it will likely get passed. And so, you have all that money flowing into your economy. I’m not the guy to ask about whether this brings on inflation. But we still have demand in the real estate market during the pandemic, which certainly created housing price inflation. So, it’s hard to believe that you won’t see some of that. But I do think the economic growth is going to be there for all those reasons. There’s probably 10 other reasons that I haven’t mentioned. It should be, hopefully, a good few years ahead of us.

 
 
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