Chip Shortage Was a Long Time Coming: Vakil

The video discusses the current challenges in the global supply chain, including factory fires, labor strikes, and natural disasters, which have led to significant disruptions. The Biden administration is addressing these issues by focusing on supply chain resilience as a national security matter. The video also highlights the impact of globalization and lean practices on supply chain risks, emphasizing the need for better risk management. The automotive industry is particularly affected by chip shortages, underscoring the importance of adopting best practices from the high-tech sector.

What were the main events that contributed to the constrained supply chain environment?

How did the Biden administration plan to address supply chain issues?

What role does understanding the supply chain landscape play in making informed decisions?

In what ways has globalization impacted supply chain resilience?

What challenges did the auto industry face regarding chip shortages?