Remember the supply chain problems of 2020 and 2021? The story we were told was that the COVID-19 pandemic disrupted the global economy's ability to make and transport goods of every type imaginable: Surgical masks. Car parts. Infant formula.
But as New York Times' global economic correspondent Peter Goodman explains in his new book, “How the World Ran Out of Everything: Inside the Global Supply Chain,” the story is more complicated than that.
On this episode, Goodman and Mark Blyth discuss how, over decades, consulting firms and shareholders built a system that drove up profits but imperiled our economy, ultimately making COVID-related supply shocks (and the inflation that followed) much worse than they needed to be. Furthermore, if Goodman is right, it’s only a matter of time before we risk running out of everything again.
Learn more about the Watson Institute’s other podcasts
View all episodes
By Rhodes Center
5
5757 ratings
Remember the supply chain problems of 2020 and 2021? The story we were told was that the COVID-19 pandemic disrupted the global economy's ability to make and transport goods of every type imaginable: Surgical masks. Car parts. Infant formula.
But as New York Times' global economic correspondent Peter Goodman explains in his new book, “How the World Ran Out of Everything: Inside the Global Supply Chain,” the story is more complicated than that.
On this episode, Goodman and Mark Blyth discuss how, over decades, consulting firms and shareholders built a system that drove up profits but imperiled our economy, ultimately making COVID-related supply shocks (and the inflation that followed) much worse than they needed to be. Furthermore, if Goodman is right, it’s only a matter of time before we risk running out of everything again.
Learn more about the Watson Institute’s other podcasts
1,026 Listeners
3,913 Listeners
144 Listeners
1,508 Listeners
76 Listeners
153 Listeners
1,482 Listeners
1,905 Listeners
45 Listeners
475 Listeners
259 Listeners
15,023 Listeners
335 Listeners
26 Listeners
301 Listeners