Reuters Econ World Supply chains
Sep 24, 2025
Mark Bendeich, Global Managing Editor at Reuters, dives into the fascinating world of supply chains, revealing how COVID exposed their vulnerabilities. He discusses the shift from just-in-time inventory to stockpiling amidst global disruptions. The rising role of AI in supply chain management is highlighted, illustrating its impact on decision-making. Bendeich also covers the geopolitical risks and ongoing trade tensions, stressing that firms are adapting but remain at risk of future shocks. A must-listen for anyone intrigued by the intricate web of global trade!
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Supply Chains Are More Critical Than Ever
- Global supply chains are unusually specialised and tightly interconnected after decades of globalisation.
- That makes modern supply disruptions more consequential for national economies than in past eras.
Just-In-Time's Fragility Exposed
- The just-in-time philosophy minimises inventory to cut costs but requires high nimbleness across suppliers.
- That efficiency collapsed when COVID triggered simultaneous global shocks and shortages.
Everyday Shortages Brought Supply Pain Home
- During COVID consumers faced empty supermarket shelves and car shortages, which vividly exposed supply-chain weakness.
- Carmel Crimmins recalls that even toilet paper became unavailable at the height of the crisis.