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The WealthAbility Show with Tom Wheelwright, CPA
Build Your Supply Chain Strategy
Aug 8, 2024
In a dynamic conversation, Peter S. Goodman, a global economic correspondent for The New York Times, enlightens listeners on supply chain resilience. He discusses the pandemic's impact on pricing and the essential playbook for small businesses. Goodman highlights the challenges of just-in-time inventory systems and how market monopolization affects smaller producers. The discussion also reveals the growing influence of AI in improving supply chain forecasting and identifies strategies for localizing operations to enhance business resilience. A must-listen for entrepreneurs!
38:45
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Quick takeaways
- Understanding the vulnerabilities exposed by the pandemic highlights the importance of rethinking supply chain strategies for small businesses.
- Economic concentration in industries like meat packing creates engineered scarcity, benefiting few while leaving smaller companies at risk.
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