4.7 • 9.2K Ratings
🗓️ 22 March 2022
⏱️ 9 minutes
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0:00.0 | NPR. |
0:11.6 | This is the indicator for money. |
0:12.9 | I'm Adrian Ma. |
0:13.9 | And I'm Patty Hirsch. |
0:15.3 | Last week, Russia's Prime Minister announced that Russia will spend $9 billion to rebuild |
0:20.1 | its supply chains. |
0:22.2 | And we probably all know about supply chains by this point, right? |
0:26.5 | And we know how the pandemic has showed us how countries really rely on each other to |
0:30.9 | get stuff made. |
0:32.2 | Well, Russia is a huge importer of parts for the things that it makes, which means its |
0:36.6 | supply chains are highly dependent on good trading relations with other countries. |
0:41.1 | And as you might expect, a lot of those relationships are fraying right now. |
0:45.4 | And rebuilding the supply chain for a product is not a small thing. |
0:49.9 | It means making huge changes to where the component parts of products are made. |
0:54.7 | And that's especially true if you want to basically replicate the entire supply chain |
0:58.2 | for a product made in one country and bring it to another. |
1:01.6 | For example, imagine if we decided to make that Irish classic beer Guinness stout entirely |
1:07.3 | here in the US. |
1:08.9 | That is a nice standing example Adrian. |
1:11.0 | I approve. |
1:12.0 | I don't know what that says about me, but you know, cheers. |
1:14.2 | Anyway, you might not approve if you actually had to make this beer because you'd have to |
... |
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