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The Realignment
485 | Peter S. Goodman: How the World Ran Out of Everything - Inside the Global Supply Chain
Jun 11, 2024
Peter S. Goodman, NY Times Global Economics Correspondent, discusses the vulnerabilities of the global supply chain due to financialization and monopolies. They explore Davos Man's impact, challenges of balancing efficiency with resilience, and issues hindering India's economic growth. The conversation delves into the 2021 pre-Christmas supply chain crisis at ports and the struggles faced by workers in the industry.
55:39
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Quick takeaways
- Financialization and shareholder interests create vulnerabilities in the global supply chain.
- Monopolies in the meat industry lead to high pricing and hinder distribution channels.
Deep dives
The impact of Davos Man concept on supply chain crisis
The speaker discusses the tie between his previous book, 'Davos Man', and the current supply chain crisis, highlighting the influence of financialization and shareholder interests in creating vulnerabilities in the supply chain. Monopoly power throughout the supply chain and monopolistic practices like raising prices due to limited competition are revealed as contributing factors to scarcity and shortages.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode