Let's Appreciate

supply chains and stucky bois

Listen Later

The general theory of not-enougness: We have skewed demand and not enough supply. When thinking about supply, you have to think about the inputs. For example, think about what it takes to buy an apple at the grocery store:

  • Apple seed goes to farm, farmer farms apple tree, apple gets picked from tree, apple gets loaded into truck, truck drives to warehouse, warehouse drives to grocery store, apple gets unloaded, you pick up apple, you walk to cash register, you buy apple, you drive home.

    • That’s a LOT.

    Imagine that apple process x n^100000 and that’s what supply chains are like. There are so many opportunities for things to go wrong, and thus, they often do (especially when you have exogenous shocks like a global pandemic).

    If all the sudden the trucks stop delivering to the stores, you can no longer purchase your apple. Bad! And that’s kind of what’s going on right now:

    • The thing theory: People are demanding things but there aren’t enough things to produce the things (labor, machinery, trucks etc). And that compounds as people demand MORE things.
    • This works until it doesn’t
      • ...more
      View all episodesView all episodes
      Download on the App Store
      Let's AppreciateBy Kyla Scanlon
      • 4.8
      • 4.8
      • 4.8
      • 4.8
      • 4.8

      4.8

      133 ratings

      More shows like Let's Appreciate

      View all
      Planet Money by NPR

      Planet Money

      30,692 Listeners

      Marketplace by Marketplace

      Marketplace

      8,772 Listeners

      The Gray Area with Sean Illing by Vox

      The Gray Area with Sean Illing

      10,707 Listeners

      Conversations with Tyler by Mercatus Center at George Mason University

      Conversations with Tyler

      2,463 Listeners

      Pivot by New York Magazine

      Pivot

      9,779 Listeners

      Channels with Peter Kafka by Vox Media Podcast Network

      Channels with Peter Kafka

      556 Listeners

      The Daily by The New York Times

      The Daily

      112,988 Listeners

      The Indicator from Planet Money by NPR

      The Indicator from Planet Money

      9,561 Listeners

      Interesting Times with Ross Douthat by New York Times Opinion

      Interesting Times with Ross Douthat

      7,291 Listeners

      The Prof G Pod with Scott Galloway by Vox Media Podcast Network

      The Prof G Pod with Scott Galloway

      5,673 Listeners

      Hard Fork by The New York Times

      Hard Fork

      5,553 Listeners

      The Ezra Klein Show by New York Times Opinion

      The Ezra Klein Show

      16,447 Listeners

      Plain English with Derek Thompson by The Ringer

      Plain English with Derek Thompson

      2,238 Listeners

      On with Kara Swisher by Vox Media

      On with Kara Swisher

      3,528 Listeners

      Prof G Markets by Vox Media Podcast Network

      Prof G Markets

      1,470 Listeners