Chapter
The Importance of Durability in Industry and Supply Chains
48:50 - 54:31 (05:40)
The 21st century offers an opportunity to shift the sources of production and power in a more distributed way, reducing the impact of global disruptions such as the recent Suez Canal blockage. Durability in industry and supply chains is key to this shift, promoting resilience and stability in the face of challenges.
Clips
The recent blockage of the Suez Canal caused by a grounded container ship weighing 200,000 metric tons emphasized the vulnerability of global trade, leading to massive fluctuations in commodity prices and availability of products and supplies for businesses around the world.
48:50 - 51:09 (02:19)
Summary
The recent blockage of the Suez Canal caused by a grounded container ship weighing 200,000 metric tons emphasized the vulnerability of global trade, leading to massive fluctuations in commodity prices and availability of products and supplies for businesses around the world. Approximately 100 ships a day pass through the Suez Canal, an engineering accomplishment that connects the Mediterranean Sea to the Red Sea and allows ships from Asia to travel to Europe without having to go all the way around Africa.
ChapterThe Importance of Durability in Industry and Supply Chains
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The 21st century presents an opportunity to think about durability in industry and supply chains, allowing for a shift in the balance of power and the sources of production in a more distributed manner.
51:09 - 54:31 (03:21)
Summary
The 21st century presents an opportunity to think about durability in industry and supply chains, allowing for a shift in the balance of power and the sources of production in a more distributed manner. The centralized global supply chain for industry has become fragile due to finding the lowest cost possible.