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12min chapter
Bloomberg Businessweek Weekend - July 5th, 2024
Bloomberg Businessweek
The Impact of Consultants and Supply Chain Issues on Manufacturing and Trade
The chapter explores the influence of consultants like McKinsey in promoting just-in-time inventory systems, leading to supply chain vulnerabilities during the pandemic. It delves into the shortage of computer chips affecting manufacturing, the shift in political focus from NAFTA to China, and the challenges faced by industries and workers due to labor exploitation and automation. The narrative emphasizes the importance of fair compensation, organized labor, and addressing the negative impacts of international trade.
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