Obama Tells CEOs at Panama Conference: Tech ‘Will Continue To Be Distruptive’

"I'll just point out some trends that I think are inevitable. One has been already been mentioned, that global commerce, because of technology, because of logistics, it is erasing the boundaries by which we think about businesses, not just for large companies but also for small and medium-sized companies as well. That's point number one.

Point number two is that technology is going to continue to be disruptive. I'm glad that my friend Mark Zuckerberg is here. Obviously what he's done with Facebook has been transformative but what is important to recognize is that it's not just companies like Apple, Google and Facebook, that are being transformed by technology but traditional industries are being changed as well, small businesses are being changed as well. How we buy, sell, market, all that is shifting, and that's not going to go away."