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Masters in Business

How the World Ran on Empty with Peter Goodman

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.42.2K Ratings

🗓️ 8 November 2024

⏱️ 81 minutes

🧾️ Download transcript

Summary

Barry Ritholtz speaks with New York Times Global Economic Correspondent Peter Goodman. Prior to the New York Times, Peter began his career as a freelance writer in Southeast Asia before serving as The Washington Post's Asia Economic Correspondent and later Shanghai Bureau Chief. He has since reported from over 36 countries, holds two Gerald Loeb awards and eight prizes from the Society of American Business Editors and Writers. He was also a Pulitzer finalist for his work covering the 2008 financial crisis. On today's episode, Peter breaks down his path as a journalist and the work behind his book How the World Ran Out of Everything: Inside the Global Supply Chain.


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Transcript

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0:00.0

While the business world is readjusting to AI, there's another technology just around the corner that's going to be equally as transformative.

0:08.0

If you want to hear more about quantum and its potential to supercharge industries, join me, Hannah Frye, later in the podcast.

0:15.0

The forces shaping markets and the economy are often hiding behind a blur of numbers.

0:19.5

So that's why we created the big take from Bloomberg Podcasts, to give you the context you need to make sense of it all.

0:26.5

Every day in just 15 minutes, we dive into one global business story that matters.

0:31.2

You'll hear from Bloomberg journalists like Matt Levine.

0:34.1

A lot of this meme stock stuff is, I think, embarrassing to the SEC.

0:38.3

Follow the Big Take podcast on the IHeart Radio app, Apple Podcasts, or wherever you listen.

0:47.1

Bloomberg Audio Studios. Podcasts, Radio News.

0:59.6

This is Masters in Business with Barry Rittoltz on Bloomberg Radio.

1:04.2

This week on the podcast, another extra special guest.

1:13.5

Peter Goodman is the award-winning investigative reporter and economics correspondent for the New York Times. His latest book,

1:20.2

How the World Ran Out of Everything inside the global supply chain. What a fascinating deep dive into how we got here in terms of why were we unable to get basic protective equipment during the pandemic? How could we not get

1:29.2

ventilators or even things like facemax and gowns? What led us to outsourcing everything and not

1:36.7

having a backup, not having an emergency system? How did we break our resilience leading up to the pandemic?

1:45.2

I thought the book was a great read and very fascinating.

1:48.0

I learned a lot about it.

1:50.1

And I think this conversation is fascinating.

1:53.1

Also, if you're at all interested in things like global supply chains, the role of consultants

1:59.6

and the role of shareholder primacy in how society operates,

2:05.4

plus all the craziness that took place during the pandemic is detailed in the book and with great

2:11.8

specificity. I think you'll find this conversation fascinating. With no further ado, my discussion with the New York

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