Alex then asks, "Can you speak to the implications this (that is, making a new product) would have on our strategy?"

"Can you speak to the implications this would have on our strategy?" The phrase, "Can you speak to something?" means "Can you talk about this thing?","Can you address this issue?", "Can you give us more information about it?"

Alex wants someone to talk about the implications that changing products would have on the company's strategy, or its plans for the future.

An "implication" (implication) is a consequence or result of doing something.

It's what something will mean, or what will happen if you do something.

What are implications of us not getting gas for our car? The implication would be that you will run out of gas and you will not be able to use your car.

That's a consequence or result of something.

So, Alex is asking what will happen if the company starts making a new product.

Shawn answers Alex's question by saying that the team did consider that option, but quickly dismissed it.

An "option" (option) is a choice, a possibility, one way to do something.

When you fly on a plane, for example, they may give you two options for dinner: chicken or beef.

The Vision Corporation team had three options: to change the product, to continue to sell the same product, or to begin to make a different product.

Shawn says that the team did consider the option of making a different product, but quickly dismissed it.