WEBVTT 00:00.250 --> 00:03.586 - There are significant macroeconomic challenges 00:03.586 --> 00:05.171 all over the world at the moment: 00:05.171 --> 00:08.675 supply chain challenges, interest rates, 00:09.551 --> 00:12.429 geopolitical challenges, the war in Ukraine, 00:12.429 --> 00:15.598 and so on, so forth; to just name a few. 00:15.598 --> 00:19.686 How do you and how does Exact Sciences build the resilience 00:19.686 --> 00:23.106 as a company to deal with this increasing speed 00:23.106 --> 00:24.482 of disruption? 00:24.482 --> 00:26.651 - First, the way we run our business: 00:26.651 --> 00:30.238 we have to be more disciplined in our investments. 00:30.238 --> 00:33.742 We cannot just have the scattershot approach 00:33.742 --> 00:36.745 in terms of trying to do a thousand things 00:38.038 --> 00:40.206 to eradicate cancer and the suffering that it causes. 00:40.206 --> 00:41.666 We have to be disciplined at what we do, 00:41.666 --> 00:45.045 the time that we spend, the money that we spend, 00:45.045 --> 00:48.423 the priorities that we're going to really focus on. 00:48.423 --> 00:50.675 And that's what we've done at Exact Sciences 00:50.675 --> 00:54.471 over the past year is we know the challenges 00:54.471 --> 00:59.184 that are out there, that money isn't falling off trees, 00:59.184 --> 01:00.977 and we have to make sure that we focus 01:00.977 --> 01:04.272 on those top priorities that are going to really support 01:04.272 --> 01:07.150 our customers in that cancer space. 01:07.150 --> 01:09.611 To do that, we've got to make sure that the money 01:09.611 --> 01:13.656 that we spend has the right return on investment. 01:13.656 --> 01:15.366 As the chief commercial officer, 01:15.366 --> 01:17.243 how do I create leverage? 01:17.243 --> 01:21.456 Either how do I grow our products and I grow them faster, 01:21.456 --> 01:26.461 or how can I really pick and grow more with less? 01:27.212 --> 01:31.966 The second piece around some of the macroeconomic challenges 01:31.966 --> 01:33.927 is the fact that cancer doesn't go away. 01:34.803 --> 01:36.387 We still have to be that company 01:36.387 --> 01:38.890 that's out there supporting our customers, 01:38.890 --> 01:43.895 and we have to do it, I would just say, more productively; 01:44.020 --> 01:45.688 more wisely. 01:45.688 --> 01:48.358 So, how can we provide the same solutions 01:48.358 --> 01:52.112 to our customers, knowing that they're challenged, 01:52.112 --> 01:55.073 because their P&L, their profitability is challenged, 01:55.073 --> 01:58.118 but we can't just simply say, "Well, okay we can't partner 01:58.118 --> 01:58.993 with them." 01:58.993 --> 02:02.455 And I love the way that we provide 02:03.373 --> 02:08.211 very economically smart solutions for cancer care, 02:08.211 --> 02:09.796 and that's what our goal is. 02:09.796 --> 02:13.091 (brief uplifting music)