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The Shocking Truth Behind Empty Shelves and a Broken Global Trade System
Manage episode 491634694 series 3650091
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We’ve built a world where products appear with a click and groceries restock like clockwork...until they don’t. When the pandemic hit, it wasn’t just shelves that went empty, it was our illusions of a stable, efficient global supply chain that collapsed. And it wasn’t a freak accident, it was decades in the making. In this episode, we sit down with Peter Goodman, Global Economic Correspondent for The New York Times and bestselling author of How the World Ran Out of Everything: Inside the Global Supply Chain. Peter brings a deep, behind-the-scenes look at how global trade works, and what happens when it doesn’t. We unpack the hidden risks and questionable logic behind decades of offshoring, our blind devotion to just-in-time inventory, and a relentless pursuit of shareholder maximization at the expense of resilience.
Peter covers the untold story behind what went wrong during the pandemic and why it could happen again, why we became too dependent on China, and how consulting firms and shareholder obsession made things worse. We also dive into how AI could help (or hurt) global logistics, why nationalistic trade policies could hurt your business more than you think, and what the future of trade and sourcing looks like in a more unstable world.
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This episode is sponsored by Workhuman:
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