The Hustle Daily Show
The world ran out of everything in 2020. How can we fix the supply chain?
Jul 7, 2024
Journalist Peter Goodman discusses the global supply chain mess post-pandemic, emphasizing the importance of resilience. Topics include evolving supply chain dynamics, challenges in US manufacturing vs China, shipping delays, and decisions for small businesses amidst shifting production locations.
34:15
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Quick takeaways
- Global supply chain vulnerabilities were exposed during the pandemic, highlighting the need for diversification.
- The emphasis on cost-cutting and 'just in time' practices led to supply chain fragility.
Deep dives
The Impact of COVID on the Supply Chain
COVID disrupted the global supply chain due to shortages of shipping containers, ships, port capacity, and truckers. This led to delays in product delivery, challenging the usual convenience of online shopping. Peter Goodman's book delves into this unexpected breakdown, revealing how essential yet overlooked the supply chain is in our daily lives.
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