Weak Links in the Supply Chain

According to Yosi Sheffi, the director of MIT's Center for Transportation and Logistics, "The underlying cause of all of this is actually a huge increase in demand. … People did not spend during the pandemic. And then, all the government help came; trillions of dollars went to households. So, they order stuff. They order more and more stuff. And the whole global markets were not ready for this." So, wait: There's plenty of goods, and plenty of people who want to buy them – so, where's the problem? Here's a hint: Trucks.

Edition and Date

October 10, 2021

Source
CBS News
Topic
Year
2021
News category