Pandemics and Complex Global Supply Chains: Supply Chain Complexity Explained in One Minute

Never before in the post-globalization world have stakeholders been this worried about supply chain complexity, with the 2020 pandemic making it clear that money cannot buy anything or more specifically, it cannot buy anything instantly.

As such, in a complex global supply chain framework, wealthy nations such as the United States found themselves having more than enough money at their disposal but... well, not nearly enough masks and medical equipment.

As great as it may be from perspectives such as cost-related ones to manufacture a product in one country using let's say components bought from three different countries on three different continents, this year's pandemic has made it clear that literally debilitating bottleneck issues can arise right when the stakes are high.

More specifically, China was the bottleneck in this year's supply chain complexity meltdown case study, with pretty much all nations being dependent on it for either finished products such as masks or certain materials needed for the medical equipment manufacturing process. As we now know, China found itself unable (and sometimes unwilling, for national security reasons, since it needed equipment itself during the earlier stages) to satisfy the greatly increased demand and there we have it... a scenario which makes it clear that supply chain complexity can bring about nightmare situations.

[OneMinuteEconomics]

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[ekamsandhu]

Keep up the great work! I watch 5 of your videos every day and write down the basic ideas to learn something new

[OneMinuteEconomics]

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[BatmanBoss]

Supply chains are a mess! Thanks OME!!!

[MyDear]

Thank you for this! Really helped me to understand this whole mess

[robotop]

Thumps up always for your hard work and effort

[ntcuongct]

Hello friends,
I want to confirm a question:
1 / I have a supply chain like this: Supplier -> Company -> Distributor-> Outlet-> Consumer.
Question: I want to calculate the supply chain turnover of the entire chain, what formula will I use ?. Thank you.

[Kartyman]

Any chance you wanna make a video on TINA or (there is no alternatives) in regards to markets and economics

[bicharelaidi]

Good job 👍 please can you next time put a subtitles in french ? Thank you

[Al-wuis]

good job the only problem is the voice. the voice is not good for the animation.

[sigspearthumb]

A little constructive criticism but the inflection and pacing of your voice as you present the information is unnatural and distracting. You inflect your voice upwards from time to time like you're asking a question, then move on to the next point, which again is off-putting. Your pacing is weird, you speed up and slow down at random points and that can break concentration. (0:20 - 0:29), and (0:30 - 0:42).