Supply Shocks

Anyone who reads four or more of these blog posts will recognize I am preoccupied — obsessed — with demand. My understanding of substantive, sustainable Supply Chain Resilience is tightly related to demand dynamics. It is my experience that high-capacity supply chains are very adept at adapting when significant effectual demand is pulling. This bias has served me well. Again and again demand dynamics (or lack thereof) is a meaningful frame for observing — and discerning — complex reality. But bias is bias. Each of us need to recognize our biases if we have any hope of self-correction when fundamentals begin to shift. In the video below, Greg Daco, chief economist with EY, explains why he is currently concerned with supply shocks. Give him at least two minutes to make the case.