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Geopolitics & Empire

Jack Buffington: Deindustrialization, Demographics, & the Need for a New Supply Chain Model

Geopolitics & Empire

Geopolitics & Empire

History, News, Government, Politics

4.2568 Ratings

🗓️ 28 August 2023

⏱️ 56 minutes

🧾️ Download transcript

Summary

Dr. Jack Buffington discuses his new book “Reinventing the Supply Chain: A 21st-Century Covenant with America”. There were no supply chains before hydrocarbons and oil has been the lubricant, which allowed the U.S. to become the leader in manufacturing. Fearing the loss of the war machine economy, the U.S. transitioned to a consumer economy. He describes the disastrous effects of deindustrialization and how population decline poses a threat to the supply chain because there are not enough consumers. He explains the effect of Covid and the Ukraine War on the supply chain, what happens to consumption when AI takes over, and says we need a new model of supply chain to account for what needs to happen in the future.

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Websites

Jack Buffington Transportation & Supply Chain Institute https://transportation.du.edu/about/faculty-directory/jack-raymond-buffington

First Key Consulting https://firstkey.com/about/leadership/dr-jack-buffington

Reinventing the Supply Chain: A 21st-Century Covenant with America https://press.georgetown.edu/Book/Reinventing-the-Supply-Chain-1

About Jack Buffington

Jack Buffington is the director of supply chain and sustainability at First Key Consulting and professor and academic director of the supply chain management program at the University of Denver. He is the author of several previously published books, including The Recycling Myth and Peak Plastic.

*Podcast intro music is from the song “The Queens Jig” by “Musicke & Mirth” from their album “Music for Two Lyra Viols”: http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)

Transcript

Click on a timestamp to play from that location

0:00.0

Geopolitics and Empire is joined by Jack Buffington, who's Director of Supply Chain and Sustainability at First Key Consulting and Professor and Academic Director of the Supply Chain Management Program at the University of Denver.

0:11.6

He's the author of several books, including The Recycling Myth, Peak Plastic, and his latest just published, which we will be discussing, reinventing the supply chain, a 21st

0:22.6

century covenant with America.

0:25.0

Welcome to geopolitics and empire, Professor Buffington.

0:28.4

Yeah, thanks for having me.

0:29.4

Appreciate it.

0:30.6

Yeah, you noticed how we've almost got matching shirts, so that happens sometimes.

0:36.7

I guess we can thank the supply chain for that. But I've been reading

0:41.1

your book. I do very much enjoy it. And I think it's an important topic that we have to be looking

0:47.4

at more and more supply chains. We're talking about globalization, de-globalization, near-shoring,

0:53.4

reshoring in the face of

0:54.9

so many things that are going on, the pandemic, the Ukraine war, and decoupling from China.

1:01.8

And maybe a good place to start is to look at how great America used to be in manufacturing

1:08.1

and supply chain and how we lost it.

1:10.8

You discussed, you know, after World

1:12.2

War II, the U.S. economy was the largest globally with no other nation even close. And, you know,

1:18.4

how this relates to the actual war, where the government was afraid that with the end of the war,

1:23.1

with the end of the war machine economy, tens of millions of Americans would be put out of work.

1:28.1

They transitioned from government directed, command and control wartime economy to a new

1:31.9

consumer economy. So if you, you know, if you can sort of start us off there on how was America

1:37.8

before and then how we sort of, what happened and how we transitioned out of that?

1:43.1

Yeah, it's a, it's a great question.

...

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