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How the World Ran Out of Everything

How the World Ran Out of Everything

by Peter S. Goodman
Paperback
Publication Date: 19/06/2024

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One of Foreign Policy's "Most Anticipated Books of 2024"

Part Michael Lewis, part The Way Things Work: From the New York Times’s Global Economics Correspondent, an extraordinary journey revealing the worldwide supply chain—exposing both the fascinating pathways of manufacturing and transportation that bring products to your doorstep, and the ruthless business logic that has left local communities at the mercy of a complex and fragile network for their basic necessities.

How does the wealthiest country on earth run out of protective gear in the middle of a public health catastrophe How do its parents find themselves unable to locate crucially needed infant formula How do its largest companies spend billions of dollars making cars that no one can drive for a lack of chips

The last few years have radically highlighted the intricacy and fragility of the global supply chain. Enormous ships were stuck at sea, warehouses overflowed, and delivery trucks stalled. The result was a scarcity of everything from breakfast cereal to medical devices, from frivolous goods to lifesaving necessities. And while the scale of the pandemic shock was unprecedented, it underscored the troubling reality that the system was fundamentally at risk of descending into chaos all along. And it still is. Sabotaged by financial interests, loss of transparency in markets, and worsening working conditions for the people tasked with keeping the gears turning, our global supply chain has become perpetually on the brink of collapse.

In How the World Ran Out of Everything, award-winning journalist Peter S. Goodman reveals the fascinating innerworkings of our supply chain and the factors that have led to its constant, dangerous vulnerability. His reporting takes readers deep into the elaborate system, showcasing the triumphs and struggles of the human players who operate it—from factories in Asia and an almond grower in Northern California, to a group of striking railroad workers in Texas, to a truck driver who Goodman accompanies across hundreds of miles of the Great Plains. Through their stories, Goodman weaves a powerful argument for reforming a supply chain to become truly reliable and resilient, demanding a radical redrawing of the bargain between labor and shareholders, and deeper attention paid to how we get the things we need.

From one of the most respected economic journalists working today, How the World Ran Out of Everything is a fiercely smart, deeply informative look at how our supply chain operates, and why its reform is crucial—not only to avoid dysfunction in our day to day lives, but to protect the fate of our global fortunes. 

ISBN:
9780063390867
9780063390867
Category:
International business
Format:
Paperback
Publication Date:
19-06-2024
Language:
English
Publisher:
HarperCollins Publishers
Country of origin:
United States
Pages:
480
Dimensions (mm):
228x152mm
Peter S. Goodman

Peter S. Goodman is the Global Economics Correspondent for the New York Times, based in London. He was previously the NYT's national economic correspondent, based in New York, where he played a leading role in the paper's award-winning coverage of the Great Recession, including a series that was a Pulitzer finalist.

Previously, he covered the Internet bubble and bust as The Washington Post's telecommunications reporter, and served as WashPo's China-based Asian economics correspondent. He is the author of Past Due: The End of Easy Money and the Renewal of the American Economy. He graduated from Reed College and completed a master's in Vietnamese history from the University of California, Berkeley.

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