The chapter explores the concentration of power in the shipping industry, effects of deregulation and lean inventory management on supply chains, challenges faced by companies during the pandemic, and broader societal and economic impacts. It also discusses the shift in political focus from North America to China, touching on trade relations and the consequences of outsourcing on American labor.
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Peter Goodman, global economic correspondent with the New York Times, discusses his new book, “How the World Ran Out of Everything: Inside the Global Supply Chain” and takes a deep dive into the state of the worldwide supply chain, the impact of globalization and the ripple effects of the pandemic.
Hosts: Carol Massar and Tim Stenovec
Producer: Paul Brennan
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