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Economist Podcasts

Moveable feast: a global food system adapts

Economist Podcasts

The Economist

News & Politics, News

4.44.9K Ratings

🗓️ 12 May 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

The vast network moving food from farm to fork has shifted gears mightily in response to covid-19. But some will still go hungry; governments must resist the urge to crimp exports. Inflation statistics are often tallied in store aisles and at restaurant tables; how to gather those data now? And why being a warm-up act is cold comfort for many bands. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/radiooffer

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

0:09.5

Every weekday we provide a fresh perspective on the events shaping your world.

0:14.7

Measuring inflation is absolutely key to gauging a country's economy and planning policy,

0:23.6

but in many places, price changes are tallied the old fashioned way by visiting stores

0:28.1

and restaurants. What to do then when they're all closed.

0:32.6

And have you ever gone to a gig and felt bad for the Opening Act?

0:36.5

Everyone talking, no one clapping? Well, it's worse than that.

0:40.5

A new study finds that being the warm-up act for a big name doesn't much help

0:44.6

a struggling band's fortunes.

0:45.9

First up though.

1:01.0

Global cooperation has not always been easy to find during the COVID-19 pandemic,

1:06.5

but if you're sitting in the rich world, think about your lunch.

1:09.8

As lockdowns began to settle in, stockpiling and panic buying caused super market shelves

1:14.8

to empty out. But by road, rail, air and sea, shipping and logistics industries worked hard

1:21.2

to fill them back up. Millions of firms made on the spot decisions to adapt,

1:26.2

changing suppliers, refitting storage. They're all part of an intricate $8 trillion

1:31.5

global food supply chain. So on the import side, we are the number one port for imported green coffee

1:37.9

for the US. And then on the export side, we're one of the largest ports for export frozen poultry.

1:44.2

Jeanine Mansour is the commercial director of the port of New Orleans,

1:47.5

and on the front lines of the supply chain for food into and out of America.

1:51.5

So we rely on the supply chains of our export as an imported, so if there's massive disruption,

1:58.2

then of course our volumes are going to be affected.

...

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