New York Times correspondent Peter Goodman discusses the global supply chain breakdown during the pandemic, citing risky management, deregulation, and profit pursuit. TV critic David Bianculli reviews the sequel to Orphan Black and highlights missed opportunities in the new series.
The global supply chain breakdown was caused by risky management practices and a pursuit of higher profits.
Manufacturing domestically in the US versus overseas in China poses complexities and cost disparities.
Deep dives
Impact on Supply Chain Due to Pandemic Disruptions
The podcast delves into the far-reaching disruptions in the supply chain caused by the early pandemic months, resulting in shortages of essential products like toilet paper, cleaning supplies, and computer chips. It highlights instances such as California growers unable to export one billion pounds of almonds, shedding light on the vulnerabilities stemming from business decisions favoring short-term profits and weakened government regulation.
Struggles of a Startup in the Supply Chain
The episode spotlights the challenges faced by a startup entrepreneur named Hagen Walker, who manufactured novelty cubes in China for various purposes. It narrates his journey of moving his products, such as bath toys, from China to the US, showcasing the complexities and cost disparities of manufacturing domestically in the US versus overseas in China.
Shift of Manufacturing Overseas to China
The podcast discusses the significant shift of manufacturing capacity to China over the years, leading to a concentration of global production in the country. It touches on the influence of corporate decisions aimed at cost-cutting, lack of environmental regulations, and the partnership between Walmart and China in mass production, contributing to concerns over trade imbalances and job losses.
Transportation Challenges and Shortage of Truck Drivers
The episode sheds light on the transportation bottlenecks in the supply chain, emphasizing the shortage of truck drivers in the US despite having more licensed drivers than needed. It addresses the impact of the pandemic on logistics, highlighting the difficulties in moving goods from ports to warehouses and the role of automation as an alternative amidst labor challenges.
New York Times correspondent Peter Goodman illuminates the breakdown of the global supply chain during the pandemic. He says it was rooted in risky management practices, government deregulation, and a quest for greater profits. His new book is How the World Ran Out of Everything.
TV critic David Bianculli reviews the sequel to the science fiction series Orphan Black, titled Orphan Black: Echoes.