literature How the World Ran Out of Everything

[Oshawott]

I recently read a book by Peter S Goodman - How the World Ran Out of Everything.

The book details about how the shipping industry created a difficult - to - solve chokehold in glbal logistics, the poor manufacturing capacity if the US compared to China and other countries, how big companies make a monopoly by using corporate mergers to create anti-competitive pillars and raise prices. All these culminated in a artificially created well designed inflation in prices of goods resulting in huge share holders payout at the expense of poor consumers.

As far as I am concerned, its a must read books especially for those who are knowledgeable about logistics.

My rating: 8 out of 10

 

[Shawn]

I recently read a book by Peter S Goodman - How the World Ran Out of Everything.

The book details about how the shipping industry created a difficult - to - solve chokehold in glbal logistics, the poor manufacturing capacity if the US compared to China and other countries, how big companies make a monopoly by using corporate mergers to create anti-competitive pillars and raise prices. All these culminated in a artificially created well designed inflation in prices of goods resulting in huge share holders payout at the expense of poor consumers.

As far as I am concerned, its a must read books especially for those who are knowledgeable about logistics.

My rating: 8 out of 10

I'll have to check it out.

My MBA concentrated in logistics and supply chain in emergency or disastrous situations.

 

[Yama]

I have no idea about the author but based on what I have read here I think that would be very interested. For many years, I wrote articles on newspaper on various topics, including economy and finance. And it is my subject of interest. I studied economics in college

 

[Oshawott]

I have no idea about the author but based on what I have read here I think that would be very interested. For many years, I wrote articles on newspaper on various topics, including economy and finance. And it is my subject of interest. I studied economics in college

Then you should definitely read it.

The book traces the history of each supply chain link - through sea, in land and finally market forces and exploitative nature of capitalism and how the political forces have colluded to create artificial price inflation.

 

[Jason]

Speaking of supply chains, Trump thinks he's sticking up for the US, but he's making things harder on poor Americans (higher prices, fewer jobs).

 

[Oshawott]

I think there is a strategic reset of the supply chain happening also.

Two things comes to my mind:
1. Apple sent 1.5million iphones in chartered flights to US to circumvent trade tariffs so that the company can continue providing phones at a cheaper rate.
2. China is using all possible tactics to block the export of phone making machinery from China to other countries so that they are not deprived of the manufacturing facilities and links to global supply chain.

Looks like this books helps me understand everything from a larger perspective.