Sold Out
How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy
(Sprache: Englisch)
"Our global economy faces unprecedented challenges in the next few months. But whether we sink or swim depends on how prepared we are - and what we do now to thwart the coming collapse"--
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"Our global economy faces unprecedented challenges in the next few months. But whether we sink or swim depends on how prepared we are - and what we do now to thwart the coming collapse"--
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Chapter OneThe Shelves Are Bare
One of the bedrock characteristics of disruptions is that they are almost never the result of a single failure. A large-scale disruption is usually the result of a confluence of several factors. . . . There are typically many signs that a disruption is about to take place.
-Yossi Sheffi
The Resilient Enterprise
The Endless Supply Chain
Supply chains are not part of the economy. They are the economy. It's impossible to think of any commodity, process, or finished product that's not part of a supply chain. This precept applies to natural resources and human artifacts. It applies to objects and intangibles. It applies to goods and services. We are immersed in supply chains. The irony is that we scarcely see them.
The term "supply chain" is just a name we give to a nexus of logistics, inputs, processes, transportation, packaging, distribution, marketing, customer relations, vendor relations, and human capital that in the aggregate supports the supply and demand for every physical, digital, intellectual, or artistic artifact on the planet and in space. The supply chain is everywhere.
Supply chain management has come so far in recent decades and resulted in such efficiencies that consumers take good delivery for granted. Amazon and Walmart are leaders in the efficient delivery of high-quality, low-cost products, yet they are hardly alone. Supply chain efficiencies have trickled down to the boutique retail level, where a proprietor can go online and easily track a shipment of carved trays from Thailand arriving by container cargo on its way to a regional distribution center. When we enter her store, we expect the trays to be available. When we shop at Amazon we expect next-day delivery to our door. We don't think any of this is special. We take it for granted.
Behind the scenes from the retail buyer's perspective is not only a long, complex supply chain but an army of assembly-line workers, dockworkers,
... mehr
crews, drivers, warehouse managers, and other logistics experts working to keep the supply chain moving. Links in the supply chain do break, but professionals prepare for such events with backup suppliers, alternate trucking lines, safety stock (extra inventory kept in case of disruptions), and other techniques to keep goods on shelves. Most of this is invisible to consumers. That's why supply chains are not well understood.
Still, most consumers have only rudimentary notions of how supply chains work, and few understand how extensive, complex, and vulnerable they are. If you go to the store to buy a loaf of bread, you know the bread did not mystically appear on the shelf. It was delivered by a local bakery, put on the shelf by a clerk, then you purchased it, carried it home, and served it with dinner. That's a succinct description of a simple supply chain-from baker to store to home.
That description barely scratches the surface. What about the truck driver who delivered the bread from the bakery to the store? Where did the bakery get the flour, yeast, and water needed to make the bread? What about the ovens used to bake the bread? When the bread was baked it was put in clear or paper wrappers of some sort. Who made the wrappers? When we ask those questions, we move from a simple supply chain to what's called the extended supply chain. This concept includes the suppliers to the suppliers, all the way back to the source of agricultural and mineral commodities.
Even that description of an extended supply chain is somewhat simplified in terms of a complete chain. The flour used for baking came from wheat. That wheat was grown on a farm and harvested with heavy equipment. The farmer hired labor, used water and fertilizer, and sent the wheat for processing and packaging before it got to the bakery.
The manufacturer who built the baker's oven has his own supply chain of steel, tempered glass, semiconducto
Still, most consumers have only rudimentary notions of how supply chains work, and few understand how extensive, complex, and vulnerable they are. If you go to the store to buy a loaf of bread, you know the bread did not mystically appear on the shelf. It was delivered by a local bakery, put on the shelf by a clerk, then you purchased it, carried it home, and served it with dinner. That's a succinct description of a simple supply chain-from baker to store to home.
That description barely scratches the surface. What about the truck driver who delivered the bread from the bakery to the store? Where did the bakery get the flour, yeast, and water needed to make the bread? What about the ovens used to bake the bread? When the bread was baked it was put in clear or paper wrappers of some sort. Who made the wrappers? When we ask those questions, we move from a simple supply chain to what's called the extended supply chain. This concept includes the suppliers to the suppliers, all the way back to the source of agricultural and mineral commodities.
Even that description of an extended supply chain is somewhat simplified in terms of a complete chain. The flour used for baking came from wheat. That wheat was grown on a farm and harvested with heavy equipment. The farmer hired labor, used water and fertilizer, and sent the wheat for processing and packaging before it got to the bakery.
The manufacturer who built the baker's oven has his own supply chain of steel, tempered glass, semiconducto
... weniger
Autoren-Porträt von James Rickards
James Rickards is the Editor of Strategic Intelligence, a financial newsletter, and the bestselling author of The New Great Depression, Aftermath, The Road to Ruin, and many more. He is an investment advisor, lawyer, inventor, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates.
Bibliographische Angaben
- Autor: James Rickards
- 2022, 272 Seiten, Maße: 16 x 23,2 cm, Gebunden, Englisch
- Verlag: Portfolio
- ISBN-10: 0593542312
- ISBN-13: 9780593542316
- Erscheinungsdatum: 02.12.2022
Sprache:
Englisch
Pressezitat
PRAISE FOR THE WORKS OF JAMES RICKARDSThe author argues persuasively [and] offers an eminently sensible (though costly and surely difficult) solution An alarming but not alarmist book that deserves serious attention from economists and policymakers.
Kirkus Reviews
Rickards provides a wonderful antidote to some of the insanity too often evident around the study of monetary questions...A valuable contribution to our economic discourse. One can but hope that our senators and representatives find their way to it.
Forbes
A bracing collection of salvos...Let s just hope that the next thirty years are less bleak than Mr. Rickards expects.
The Financial Times
Rickards has gone and done it again.
Wealth Briefing Asia
One of the scariest books I ve read this year... [Rickards s] intelligent reasoning soon convinced me that we have more to fear than fear itself. The pieces, although disparate, fit together snugly, as in one of those mystery jigsaw puzzles that come with clues in lieu of cover art. The picture that emerges is dark yet comprehensive and satisfying.
Bloomberg Businessweek
What we assumed was firm ground under our feet is more like the narrowing point of a precipice.
Charles A. Duelfer, former special adviser to the director of the CIA, author of Hide and Seek: The Search for Truth in Iraq
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