That pair of shoes on your feet may have travelled further than you have.
Modern supply chains connect factories, materials, transport networks and customers across the world. Most of the time, we barely notice them. Until something goes wrong.
This Wall Street Journal video looks at what happens when those networks come under pressure, and how companies can respond.
Which raises a few questions:
- Have companies become too dependent on global supply chains in the search for lower costs?
- If producing closer to home makes businesses more resilient but also makes products more expensive, which matters more: price or reliability?
- And how much extra would you be willing to pay for a product made closer to where you live?
Watch the video here (but it’s always more interesting to talk about it 😉):
