How Gigantic Ships Are Creating Global Supply Chain Havoc
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 31 March 2021
⏱️ 34 minutes
🧾️ Download transcript
Summary
The Ever Given has been freed from the Suez Canal. But the whole situation was indicative of a broader issue in global supply chains: increasingly large ships are contributing to logistical bottlenecks. This was true long before the latest issue on the Suez. On the latest episode of Odd Lots, we speak with economist and historian Marc Levinson, the author of the book The Box, to discuss the rise of extremely large ships and the stress they place on ports, canals, and other parts of the global trading infrastructure.
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Transcript
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| 0:54.3 | Hello and welcome to another episode of the Adlots podcast. I'm Joe Wyzenthal. |
| 1:00.6 | And I'm Tracy Alloway. Tracy, I know it's early morning time in Hong Kong where you are |
| 1:07.0 | right now, but did you hear the big news while you were sleeping? |
| 1:12.8 | Well, I'm trying to think. I guess I didn't. What was the big news while I was sleeping? |
| 1:17.0 | Maybe you saw it before you went to bed, just that they freed the ship. |
| 1:20.1 | Oh, yeah. Maybe that happened before you fell asleep. |
| 1:23.3 | It did. That happened during the working day in Asia. They got it floating and then they got it, |
| 1:28.8 | I guess, more floating or more free. Yeah, it's good news for global supply chains. |
| 1:36.5 | Global factories, retail outlets, everyone breathing a big sigh of relief as the ever-given |
| 1:44.4 | ship that was stuck in the Suez for six days. As of right now, we're recording this March 29th. |
| 1:51.3 | New York time, 7 p.m. New York time has been, it's been free and it's floating again. |
| 1:56.3 | The thing that I really loved about this very special week where we were all focused on |
| 2:02.8 | this one container ship that was stuck in a canal was that, first of all, everyone suddenly |
| 2:09.0 | took an interest in global shipping and transport and global trade, which is something that usually |
| 2:15.3 | people don't necessarily think of that much, or at least they don't think about how stuff actually |
| 2:20.8 | gets to them. People think about global trade, but not necessarily the infrastructure and the |
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