#485 | Peter Goodman: How Supply Chains Broke and the World Ran Out of Everything - The Realignment

Peter S. Goodman, Global Economics Correspondent for the New York Times and author of How the World Ran Out of Everything: Inside the Global Supply Chain, returns to The Realignment. Peter and Marshall discuss the innerworkings of the global supply chain and the factors that have led to its constant vulnerability, whether the issues that caused the 2021 pre-Christmas crunch have been addressed, and how we can finally build a reliable and resilient supply chain in the future.

0:00 - Introduction
1:10 - Supply chains & financialization
3:22 - What is the ‘Davos man?’
9:02 - Efficiency vs. Resiliency
26:32 - Global economic policy trends
31:58 - China
39:29 - India
42:34 - Supply chain crunches
45:43 - Supply chains & politics

[seespacelabs]

Great interview, thank you. Always a fan of guests that explain how things work and not just how things should be.

[HunterYavitz]

New to both the podcast and the guest. Looking forward to hearing more. Great content.

[anderb]

From „just in time“ to „just in case“ …. well said ….

[JWPanimation]

One of the best Realignment's I've heard. Def will pick up this book. Thanks Marshall!

[omegaman]

Is dwell time in the rail industry more expensive than re-routing?

"Lean" is the way to go. One problem is that most firms don't fine tune their efforts, and McKinsey is talk, not practice.

[mmartinez]

Running Out - Chickenfoot

(Runnin' out) We're runnin' out of cures
(Runnin' out) Runnin' out of room, baby
(Runnin' out) I'm runninng out of content
Runnin' out, runnin' out, runnin' out

(Runnin' out) We're runnin' out of saints
(Runnin' out) Runnin' out of heroes
(Runnin' out) Runnin' out of drugs
Runnin' out, runnin' out, runnin' out, oh yeah

[tomasfontes]

I agree with some remarks regarding the excessive focus on efficiency vs. robustness of supply chains, as well as some legitimate critics about the Davos man (the main issue with them is not globalization, but globalism). But then the language used throughout the conversation was filled with common places with words everyone uses with increasingly void meaning like 'neoliberalism'... Goodman simultaneously complained about excessive focus on low prices while immediately after saying that big monopolies are increasing prices all over the place. Can't these people spot contradictions in their own arguments?

[Somaateesh]

I picked this book at airport. Wonderful mirror to our modern times, world over. Unfortunately India is going the same way as US with all the mistakes it did. Our earlier ways of doing business with common sense intact is first thing that goes out of door. I hope more ppl read this eye opening book.