New Books in Economics

Tim Minshall, "How Things Are Made: A Journey Through the Hidden World of Manufacturing" (Ecco, 2025)

May 25, 2025
Tim Minshall, a Professor at Cambridge University, specializes in manufacturing and has authored the book exploring its hidden processes. He shares fascinating insights about how everyday products reach us and reflects on the pandemic's impact on manufacturing perceptions. The conversation covers the role of technology, such as AI and robotics, in transforming the industry and the balancing act between tradition and innovation. Minshall also discusses the urgent need for sustainability and planning in the face of global challenges and labor shortages.
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ANECDOTE

Toilet Paper's Complex Journey

  • Even something as simple as a sheet of toilet paper has a complex manufacturing journey involving global shipping and intricate processing.
  • This example reveals how deeply manufacturing touches everyday life in ways we rarely consider.
INSIGHT

Fragile & Polluting Supply Chains

  • Global manufacturing systems lack resilience, as a single disruption can halt a significant share of global trade.
  • The heavy shipping fuel consumption also raises important sustainability concerns.
INSIGHT

Uncertainty Hinders Supply Chain Shifts

  • Trade tariffs introduce uncertainty that hinders strategic supply chain investments and planning.
  • Companies value certainty to adapt supply chains effectively rather than facing ambiguous policy scenarios.
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