Roberto Azvedo

Former Director General
World Trade Organization

Roberto Azevêdo is a founding partner at YvY Capital, an asset management company focused on investments that facilitate the Brazilian and global transition to the green economy. He is engaged in other activities in the private sector leveraging his expertise on trade, public policy, negotiations, corporate, and geopolitical issues. He regularly offers consulting and advisory services to industries and companies with a global focus. 

Until August 2023, Azevêdo was PepsiCo’s global Chief Corporate Affairs Officer overseeing Public Policy, External Relations and Communications, while also working closely with the sustainability team. He also chaired the Board of Directors of the PepsiCo Foundation.  

Before joining PepsiCo, Azevêdo was Director General of the World Trade Organization (WTO), a position he held for seven years, since 2013. During his tenure, the WTO expanded its membership with the inclusion of half a dozen new members and delivered its first multilateral agreements after 18 years of existence. These include the Trade Facilitation Agreement and the expansion of the Information Technology Agreement. He also led negotiations that abolished agricultural export subsidies, strengthened food security regulations, and provided greater access to global markets for products and services from less developed countries. Under his stewardship, new and creative platforms launched conversations on e-commerce, services regulations and investment facilitation – negotiations on the latter have been successfully concluded in July 2023. 

Prior to his election as DG, Azevêdo was the Brazilian Ambassador to the WTO. He was Brazil’s chief negotiator in trade talks and chief litigator in trade disputes. He both chaired and served as adjudicator on WTO panels. He held several leadership posts in the Brazilian Foreign Ministry including as Undersecretary for Economic Affairs, Head of the Economic Department and Director of the Dispute Settlement Office.  

Azevêdo graduated from the University of Brasília with a degree on Electrical Engineering.  He also has a degree from Instituto Rio Branco, the Brazilian graduate school on diplomacy. He lives in Greenwich, CT, with his wife, Ambassador Maria Nazareth Farani de Azevêdo. They have two daughters and six granddaughters. 

The Next Gen: DISRUPTION

Economic Disruption: We live in an era of disruption in which powerful global forces are changing how we live and work. Powerful disruptions are changing our world. The gig economy, remote work, and the sharing economy have disrupted traditional employment models. The new generation is often at the forefront of these economic changes, seeking flexibility and independence in their careers.

Technological Disruption: The new generation is witnessing rapid technological advancements and digital transformation. They are at the forefront of embracing and driving these changes, leading to disruptions in various industries. Examples include the rise of blockchain, artificial intelligence, and the gig economy. Frontier technologies such as the Internet of Things, smart robotics, automation, and artificial intelligence are boosting productivity growth, raising prosperity, and replacing mundane or dangerous tasks. They have the potential to do good across a wide range of domains, from healthcare to education

Cultural Disruption: Social movements and changing cultural norms are disrupting traditional societal structures. The new generation is actively involved in advocating for gender equality, LGBTQ+ rights, and racial justice, challenging the status quo and pushing for more inclusive societies. The connection between resilience, equity and inclusion is widely accepted by policymakers: evidence has shown that creating more equitable and inclusive societies is a crucial part of any economic strategy focused on resilience and recovery.

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The Next Gen: DEVELOPMENT

Skill Development: The new generation places a strong emphasis on personal growth and development. They prioritize continuous learning, self-improvement, and mental well-being. Tools like online courses, self-help apps, and social networks play a significant role in their development journey. It is important to have a conversation about how to begin closing the gap between what our students are learning and what the demands of the workforce will be once they enter. Half of us will need to reskill in the next five years, as the "double disruption" of the economic impacts of the pandemic and increasing automation transforming jobs takes hold.

Sustainable Development: This generation of leaders bears the responsibility of preserving and advancing the legacies of their businesses while actively championing sustainable practices across businesses, governments, local communities, and personal lifestyle changes to secure a brighter future for the planet. Sustainability, the buzzword across the world today, will have to take on a new avatar and become the soul of every organization - business or otherwise. Businesses cannot succeed in societies that fail.

Social Development: The next generation is deeply rooted in creating positive change in society by incorporating CSR, promoting digital literacy, improving access to quality education, and supporting public health initiatives. Smart living is about adapting the fruits of technology through models that are scalable, profitable and, importantly, ecologically and socially more sustainable.

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The Next Gen: DIVERSIFICATION

Geographical Diversification: The prime focus of the new-gen leaders will be on a geographic diversification strategy, either domestically or internationally, aiming to integrate its products and services as a routine in consumers’ lifestyles. This will mitigate the risks associated with regional economic fluctuations. In an interconnected world, diversity, shaped by globalization and technological advances, forms the fabric of modern society.

Business Diversification: The strategic expansion and diversification of businesses with investments in newer business avenues, will enhance the return on investment, reflecting the forward-thinking approach of the next-generation leaders' eagerness to innovate. Companies are discovering that, by supporting and promoting diverse products and services, they are gaining benefits that go beyond the optics.

Workforce Diversification: To achieve geographical and business diversification, the next generation of leaders will aim at prioritizing workforce diversity, to boost job growth and create together a multitude of ideas and perspectives, igniting innovation and creativity. In times of increasing disruption and uncertainty, companies need to continue to prioritize diversity and inclusiveness (D&I) for the benefit of their culture — and their bottom line.

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