Introducing... Global Translations: The world's tug-of-war

POLITICO's Off Message

POLITICO

News, Daily News, Politics

4.5 • 637 Ratings

🗓️ 28 October 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

"POLITICO's Off Message" brings you a special episode of POLITICO's new podcast series "Global Translations." From closed factories to closed borders, the Covid-19 pandemic exposed the fragility of our systems, creating a period of scarcity where demand skyrocketed — from freezers to PPE — and we couldn't supply items fast enough. In this episode of "Global Translations", POLITICO hosts Luiza Savage and Ryan Heath take a deep dive with experts into global supply chains and what "decoupling" and "reshoring" are all about when it comes to America’s reliance on China and the rest of the world.Luiza Savage is the host of "Global Translations". Ryan Heath is a host of "Global Translations".Annie Rees is a producer for POLITICO Audio.Kara Tabor is a producer for POLITICO Audio.Jenny Ament is the senior producer for POLITICO Audio.Irene Noguchi is the executive producer of POLITICO Audio. Adegoke Oke is a professor of supply chain management at Arizona State University.Tom Duesterberg is a senior fellow at Hudson Institute. He is an expert on trade and foreign policy. David Wertime is POLITICO's editorial director for China and author of the China Watcher newsletter. Check out and subscribe to POLITICO's Global Translations and China Watcher newsletters, and Luiza Savage's in-depth piece on how the pandemic is forging a new consensus on globalization. Global Translations: https://www.politico.com/newsletters/global-translations China Watcher: https://www.politico.com/newsletters/politico-china-watcher Supply chain tug-of-war article: https://www.politico.com/news/2020/10/21/pandemic-forging-new-consensus-globalization-430605 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What happens to supply chains when trade disputes and a global pandemic collide?
0:05.2	On a special episode of global translations, presented by City, we learn how businesses are
0:09.6	prioritizing resilience over efficiency to adapt supply chain networks in the face of disruption.
0:14.5	Tune in November 11th, wherever you listen to this podcast.
0:18.5	You know the talk of war, right?
0:26.0	Where you have people pulling on a rope on one side and then, you know, they're competing against another set of people pulling the same rope
0:31.0	on the other side. Let's focus on one side of the rope. So you have about five people on one side pulling a rope.
0:39.4	They're pulling just one single rope, right?
0:41.7	Think of that as a supply chain.
0:44.8	Everything pulls together.
0:47.5	If you have the biggest guy or the strongest guy in that tug of war
0:56.6	and that strongest guy unfortunately drops dead or collapses,
1:01.9	what happens?
1:02.9	The entire torque collapses, they lose, right?
1:09.1	That's exactly the way supply chain works.
1:11.6	If you have a weak link in that chain, that weak link actually determines the overall strength of that supply chain.
1:21.6	So everyone is dependent on the other in the supply chain in order to make the flow of goods and services to be
1:30.2	seamless.
1:32.3	That's Professor Adig O'K-O-K, and I'm Louisa Savage.
1:36.3	Honestly, what a stupid game, Tug of War is.
1:39.1	Every time I played it when I was a kid, it was just about depending on the other people, your
1:43.1	brain was not part of the
	...

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