Brookings Podcast on Economic Activity What do we miss in standard supply chain measures?
Dec 21, 2023
The podcast discusses the challenges of decoupling the US-Chinese supply chains and the complexity of global supply chains during COVID-19. It introduces the concept of hidden exposure and proposes measurement methods to capture direct and indirect exposures. The dominance of China as a supplier in the US supply chain and the shift in perception of supply chains from positive to risky are explored. The distinction between idiosyncratic and systemic shocks in supply chains is discussed, along with strategies for achieving robustness and resilience in supply chain management. The risks and gains associated with being highly exposed to supply chains are also explored.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Introduction
00:00 • 3min
Analyzing Global Supply Chain Exposures
02:56 • 14min
Measuring Indirect Aspects of Supply Chains and Assessing Exposure
16:38 • 4min
Understanding the Difference between Idiosyncratic and Systemic Shocks in Supply Chains
21:02 • 4min
Strategies for Achieving Robustness and Resilience in Supply Chain Management
24:33 • 4min
Risks and Benefits of Supply Chain Exposure
28:10 • 8min