By Chris Berry (@cberry1)
For a PDF version of this note, please click here.
As I wrote last week, this is the first of five posts on the rapidly changing nature of global supply chains.
One thing I have continued to tell my daughters (ages 8 and 12) in the wake of what we’re all experiencing is to constantly pause and try to remember as much as you can about what’s happening to the world right now. Though concepts as abstract as bond yields, trade flows and globalized supply chains are hard for an eight and twelve-year-old brain to grasp, it is clear that these macro factors are changing irreparably before our eyes due to the coronavirus outbreak. After this and things return to some semblance of “normal”, the world my daughters grow up in will almost certainly be different than the one I thought they would grow up in and contribute to.
OPTIMIZATION AT ALL COSTS