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Professor Answers Supply Chain Questions | Tech Support | WIRED
Harvard Business School professor Willy Shih joins WIRED to answer the internet’s burning questions about the global supply chain. How do tariffs work? Why have egg prices become so high? Is the world in a trade war? When did a global economy first develop? How could the United States realistically bring back manufacturing jobs? Will…
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@flirtykiwi
April 8, 2025 at 8:02 pm
ok but what happen when everything will be automated? millions of people without jobs or incomes will survive how?
@tenakeefe6293
April 8, 2025 at 8:03 pm
Excellent video. What I would like to warn our US neighbours about is how angry Canadians are right now. We are more than prepared to have financial setbacks, pay increased prices etc. if it means proving to the US that we will not be bullied.
@alanmichelsandoval8768
April 8, 2025 at 8:34 pm
As a Mexican I just wish the Mexican government do the same, instead of just hoping the us doesn’t impose tariffs as high as the rest of the world and call it a day, that would make us depend on whether the Cheeto man wakes up in a good mood to maintain economic stability. I would rather pay more now but have certainty
@ChadDowney-e3j
April 8, 2025 at 8:04 pm
Right off the bat he’s incorrect, not all the cost is transferred to the consumer on tariffs. It depends on if other manufacturers have the option to raise or lower prices. If they can raise their own prices because of too much competition than they cannot pass the cost on to you because it will not be viable in the market
@asterlyons8564
April 8, 2025 at 9:19 pm
If demand is inelastic, they can pass along those costs without concern. The vast majority of companies will pass the costs to the consumer. To think otherwise is foolish.
@MrDands
April 8, 2025 at 8:05 pm
Everyone here criticizing Trump and bla bla bla….but no one sees the underlying thing in this entire video: China dominance in several areas. Let’s keep China doing that until they become the world’s strongest economy. It will be great! 😉
@asterlyons8564
April 8, 2025 at 9:18 pm
So global tariffs are the solution? Why not just increase chinese tariffs?
@studgerbil9081
April 8, 2025 at 8:09 pm
Tariffs: done in one. Thanks for clearing that up right off the bat.
@Christinelin1208
April 8, 2025 at 8:11 pm
This video just came on the right time!
@alanmichelsandoval8768
April 8, 2025 at 8:16 pm
Technically tariffs could also be applied to exports but those are super rare since most countries want to promote exports but Argentina applied tariffs to soy exports in order to protect the meat industry
@MissBlueEyeliner
April 8, 2025 at 8:24 pm
I would usually find this impossible to listen to but this was really interesting and it was completely down to Willy Shih being an engaging human.
@horsesandsmilesable
April 8, 2025 at 8:29 pm
This was incredibly informative ❤
@2beJT
April 8, 2025 at 8:35 pm
costs of housing and living are causing us to be uncompetitive
@alanmichelsandoval8768
April 8, 2025 at 8:40 pm
Best wired video ever, never expected to see one about the topic I specialized at college, everyone thinks customs and supply chain is boring but it is quite important
@sean9021
April 8, 2025 at 8:43 pm
So how soon can prof Willy run for president?
@KaelWrit
April 8, 2025 at 8:46 pm
I noticed they moved it off twitter too
@Soaptastesok
April 8, 2025 at 8:47 pm
Non-American here..
3:20 the biggest thing people are missing here is that people are willing to pay more if it’s built in America. $160 on a $1000 phone is a drop in the bucket. And in exchange, the jobs come back.
NOBODY asked for the US to subsidize what is essentially slave labor in third-world countries, except large corporate executives who profit off of it.
Your argument is weak, has no foothold in our current reality, and isn’t registering with a vast majority of people.
@notmycircus42
April 8, 2025 at 8:49 pm
Local toilet paper! Who knew?
@Soaptastesok
April 8, 2025 at 8:51 pm
The only thing studying economics in University (mandatory for my major) taught me is that the entire thing is one large ‘educated guess’
@barbaraziegler1524
April 8, 2025 at 8:54 pm
Could someone please show this video to Trump, this is info he doesn’t know
@notmycircus42
April 8, 2025 at 8:57 pm
Main takeaway: the current world order assumes low labor cost in Asia and high labor costs in the US (also likely in Europe, but not covered here)
If that’s to maintain, US capitalists will only invest in products that have a relatively low labor ratio (like planes and weapons).
@Dysiode
April 8, 2025 at 9:00 pm
Notably, the Houthis were attacking ships owned by Israeli companies or individuals or ships that were using an Israeli port. Their attacks were not indiscriminate and trade through the Suez canal wasn’t halted entirely
@USA_transportation
April 8, 2025 at 9:01 pm
Very great and informative video
@SonyaandSidney
April 8, 2025 at 9:05 pm
Will tariffs impact supply chain similar to covid?
@cursekitty2716
April 8, 2025 at 9:09 pm
This trade war is so pointless and stupid
@ElBandito
April 8, 2025 at 9:17 pm
Less of a trade war and more of a self-sabotage, economically, politically, and diplomatically.
@kjtaseen
April 8, 2025 at 9:18 pm
insane to talk about the houthis without mentioning palestine, the disruptions to supply chains are economists and politicians fault, we cant keep fixing their problems without them taking some accountability
@Ali-jk3cu
April 8, 2025 at 9:26 pm
The shipping companies that bring good here pay for tarrifs but obviously they will charge the consumer a higher price to cover the higher tarrif rate 👍🏽 so consumers don’t pay for it directly they pay for it indirectly.
@victortejeda7134
April 9, 2025 at 3:19 pm
Professor Shih was great at explaining relevant current events and the importance and threats to our nation’s supply chains.
@PneumaNoose
April 9, 2025 at 3:28 pm
Most important info right off the bat. Good job, Wired. All these “Trumptelligent” folks need to shhhhTFU because they have no idea what they’re talking about. Thid administration is going to destroy those of us who don’t have time to recover. It’s disgusting.
@gustavomaiaoficial
April 9, 2025 at 3:56 pm
The US is cooked. China already is the new great empire
@alejandro5049
April 9, 2025 at 3:56 pm
Can you suggest some bibliography to go deeper in this topic? Outstanding video!
@IrisGlowingBlue
April 9, 2025 at 3:58 pm
Thank you Professor Shih & Wired for the video! It’s awesome to actually learn things on the internet & I don’t mean that sarcastically, it feels good
@paolacamacho2536
April 9, 2025 at 4:05 pm
The price of eggs is totally being fixed by the egg baron monopoly. The reduced production vs. consumption trends do not justify the insane price hike at all. And the big egg corps are using increased profits to buyout smaller egg farmers instead of repleneshing lost hen stock.
@exscape
April 9, 2025 at 4:12 pm
Excellent as usual, but the description of a GPU as “a chip used in AI applications” is depressing to me, even though it’s correct. As noted it stands for GRAPHICS Processing Unit, and most *consumers* who are angry about GPU prices are so because of graphics use (mostly gaming), not AI use. AI use is a big part of why there is a shortage, but it’s certainly not the original use case.
@jlford30
April 9, 2025 at 4:28 pm
Tariff isn’t a tax, it’s a supply-side surcharge.
@rn6312
April 9, 2025 at 6:26 pm
Which then is passed onto the consumer. Derp.
@jlford30
April 9, 2025 at 6:31 pm
@@rn6312 Not if they want to be competitive… free markets derp…
@amywhelan4888
April 9, 2025 at 4:43 pm
I hate that it’s just a given that overseas and immigrant labor is cheaper. Why don’t those workers deserve the same wages as American-born workers? How are countries like China and India able to sustain their workforces on such low wages?
I imagine at least some of it boils down to more dense housing. Right? Dense, cheap housing leads to lower cost of living, leads to less demand for high wages. Our labor here in the US may seem expensive when compared to other nations, but it’s still not enough. Most of us spend >50% of our income on housing alone. I wish America would invest in infrastructure like affordable housing and public transit. Then our labor wouldn’t need to pay out so much.
@Astr0b0y8
April 9, 2025 at 4:53 pm
So much to learn. Can listen to actual experts all day. Its fascinating. Literally each topic could be its own mini video
@OWG55
April 9, 2025 at 5:18 pm
No numbnuts, it’s a con the tariffs was just the cover….
👍🏼😎
@spencerspangler7458
April 9, 2025 at 5:19 pm
SCM major here. Where are my fellow chain gangers at?
@sebastianwagner5843
April 9, 2025 at 5:24 pm
Thanks you for using metric
@siddharthkumartiwari6921
April 9, 2025 at 5:29 pm
7:13 This is wrong, silk road is much exaggerated, europe-india trade via ships is much older (3rd century BCE) and carried a lot more goods than the purported silk road.
@dreadlord5581
April 9, 2025 at 5:59 pm
Cool vid – now can you please explain all this to Trump.
@Reaction1s
April 9, 2025 at 6:11 pm
People listen, he says Your like you own it
@danebrooksdogventures2449
April 9, 2025 at 6:17 pm
3:01 they keep saying our labor cost is so high but our HDI is so low. Something isn’t adding up.
@MiLSawi
April 9, 2025 at 6:41 pm
kindly you should’ve included a map of straight of eden at the moment you were showing suez canal as well.
@spencersansone
April 9, 2025 at 7:02 pm
702
@skierpage
April 9, 2025 at 7:45 pm
Hey Wired’s Lisandro Perez-Rey and Christian, at 13:57 your map of the Panama Canal has the Atlantic Ocean and Pacific Ocean swapped!
@dcamron46
April 9, 2025 at 8:01 pm
Longer than a football field? You mean four football fields
@social3ngin33rin
April 9, 2025 at 8:08 pm
Temu and Shien: steal designs and the sellers there are racing to the price bottom in competition to squeeze each other out. Overworked laborers who can’t quit. Taking advantage of China’s WTO developing nation status (but claim to be developed).
@thearthritisgamer946
April 9, 2025 at 8:15 pm
Idk about y’all but I’d like to see Wired bring this guy back for more episodes. Fascinating subject and he’s great!
@HenryCurrie-q2e
April 9, 2025 at 8:28 pm
The amount of paid for comments in this comment section is wild.
@ModernVintage31
April 9, 2025 at 9:25 pm
Question: As a global supply chain manager, would customary bribes be something you’d have to calculate into your operation? I’m honestly curious if that’s a practice of the past or if it’s still understood as a normal part of certain industries that are not illegal drugs, but regular goods.
@phiveone
April 10, 2025 at 11:50 am
If only he was a White House advisor….
@TheCrunch4000
April 10, 2025 at 12:12 pm
Who is “we” shitbait.
@andresduran350
April 10, 2025 at 12:23 pm
As soon as he neglected the impact of monopoly price fixing on eggs and blamed it all on the flu, he lost all credibility
@onetinymadman2633
April 10, 2025 at 12:28 pm
us slowly fkin up the entire world AND making it worse for themselves.. amazing
@KindaJadedish
April 10, 2025 at 12:38 pm
wired, thank you! have you considered inviting Gregory mankwi?? econ professor. seriously considering subscribing again.
@claudiaclutch1958
April 10, 2025 at 1:06 pm
Climate Will 100% Affect supply chains
@adhynugroho9424
April 10, 2025 at 1:30 pm
a user with a username as absurd as BSviagra… dropping a legit supply chain question…
the internet will always reign supreme. lol
@fishwithlegs8117
April 10, 2025 at 1:49 pm
Glizzy Glizzy Glizzy
@jeroti187
April 10, 2025 at 2:02 pm
Hopefully this guy will be back for more videos. Lots of good information and details. Normally I watch YouTube while doing something else just for background noise, but this guy was so interesting I stopped what I was doing to focus solely on the video.
@diegog1853
April 10, 2025 at 2:12 pm
I appreciate an expert that doesn’t show any restraint in cursing to preserve a quote even if it’s completely unnecessary lol.
@Logan-fr6uw
April 10, 2025 at 2:31 pm
so egg prices weren’t bidens fault, huh
@mmdpsj
April 10, 2025 at 2:52 pm
This is an MBA course in 30 minutes. Amazing video! Short yet very thorough.
@lafandenuel5605
April 10, 2025 at 3:52 pm
19:25 You could hardly act like the biggest clown in your planet if you were to rebuild your domestic industries with an automation and high efficiency program, say in a 10 to 15 years span.
21:09 Same
27:44 Only Canada, Costa Rica and Norway can have hydropower? No, dozens of countries, given their geography, could have really efficient and astonishingly cheap power generation combining solar and off/on-shore wind with it. Why don’t they do it? Ask natural gas supply chain speculators… and well stuffed politicians.
@mikermiks5784
April 10, 2025 at 3:59 pm
10 seconds in and he’s already wrong. we’re not the ones paying the tariffs
@loganballard5789
April 10, 2025 at 4:54 pm
Right, the American importer is paying the tariff. The importer that wants to profit when they sell the item domestically. So they pass the increase onto the consumer.
@janem3575
April 10, 2025 at 4:07 pm
what’s the difference between a tariff vs customs duty?
@chknboygaming
April 10, 2025 at 4:18 pm
As someone who works in supply chain (didn’t plan for it) this cleared up a lot for me. I already knew the process but not the history and reasoning behind a lot of this
@andyf4292
April 10, 2025 at 4:57 pm
theres the healthcare costs in the us as well.. that hellish clusterfuck of a system.. that will make manpower costs soar
@markdisanzo3796
April 10, 2025 at 6:28 pm
Totally thought he said “pork congestion.”
@Chris-gn3bo
April 10, 2025 at 6:41 pm
I watched a video about the different types of oil the use produces. I had no idea that that some of the oil we bring out we can’t use (Fracking) and have to export and at the same time we need to import when we produce so much.
@onii1928
April 10, 2025 at 6:49 pm
So basically Trump cares about the people of foreign countries and wants to stop abusing them for cheap labour.
@jeffreycoe1665
April 10, 2025 at 6:59 pm
We are in a trade bluster war.
The United States does not have the manufacturing capabilty to produce the products that Americans consume.
Let me repeat that in laymens terms.
If nations feel hostile and do not negotiate instead choosing to halt all trade with the United States you are fxcked.
It means goodbye iphone.
Goodbye cheap televisions.
Goodbye vegetables in the winter.
Dumbest trade war ever if you dont have the capability to produce what you are taxing.
@luckyclick100mviews7
April 10, 2025 at 7:14 pm
canu bring a stock market guy nxt
@xayd8255
April 10, 2025 at 7:38 pm
how many times has china been mentioned chat
@kymmaechow9183
April 10, 2025 at 7:45 pm
Wao, just wao
@XNeon29
April 10, 2025 at 9:18 pm
china’s government watching this video👁️👄👁️ *taking notes*
@Tury1799
April 10, 2025 at 10:59 pm
Imagine using toilet paper in 2025.
@kiaratrishiatagudin8707
April 10, 2025 at 11:04 pm
dental support next…
@spoonfedspider
April 10, 2025 at 11:13 pm
I don’t buy that Apple, a company which profited over $90b last year, can’t afford to pay American wages and provide its own country with jobs….lol. Not to mention his little anecdote about a manufacturing wage here costing them $40/hr?? Huh? The average for the field is $28/hr. It’s not mathing for me personally and I’d encourage everyone to keep in mind that Wired is a private media company which does not disclose any financials or ownership stakes to the public. They probably have hidden motives and puppeteers much like any legacy media outlet.
@alanl9497
April 11, 2025 at 12:35 am
How often do shipping containers fall into the ocean during its travel across the ocean?
@lovewhenshe
April 11, 2025 at 1:14 am
Wired my beloved
@MrBibi86
April 11, 2025 at 1:36 am
*Good old toilet paper. greatest invention. way better than a rag on a stick in a bucket*
@b-reel
April 11, 2025 at 2:23 am
The toilet paper question and Prof. Wil Shih’s explaination was Thanks!
@sione_etc
April 11, 2025 at 3:54 am
Love this video, however the 7:10 answer is extremely limited and Eurocentric. Austronesians had maritime trade networks interconnecting most of East and Southeast Asia in 2000 BCE; by the time of the Roman Empire’s founding those trade routes had extended to Africa and Madagascar in the west and Melanesia/Western Polynesia in the east. Around 1000-1200 CE Pacific Islanders had trade routes for goods, treasure and tribute across the entire Pacific Ocean (at its peak, reaching the Americas in the east and back into Melanesia in the west). And even outside of the Austronesians, there were extensive trade networks on all inhabited continents that predate the Romans by thousands of years.
@incogt2003
April 11, 2025 at 5:46 am
This Professor is so cool and interesting that he makes me want to go back to uni.
@KristenRitchie-k6t
April 11, 2025 at 7:32 am
Thank you! What a helpful tool to make a simpleton, like me, look like the smart person in the room.
@Chevvygone132
April 11, 2025 at 7:53 am
I’m sorry, but I don’t care that multibillion dollar companies are charging cents on the dollar and still charging us 2k for a new phone. If the prices of items goes up, we just stop buying them. Stop making these billionaires dreams come true.
@Inst9727
April 11, 2025 at 8:09 am
I wouldn’t conflate Biden’s tariffs with Trump’s one, because Biden’s was focused on a specific industry, for a specific goal (chips production.), while Trump’s one is not specific in the slightest.
@Tony-bv7gz
April 11, 2025 at 8:52 am
Congratulations everyone, after about 25 seconds you’ve become infinitely more informed than the POTUS
@robinfariel4691
April 11, 2025 at 9:09 am
There is a vaccine for chickens against avian flu. Trump gutted the Dept that would move ahead with approving it. Europe has 3 vaccines for chickens to prevent avian flu.
@richikbhattacharjee6976
April 11, 2025 at 10:27 am
america’s time is over
@keeonamckay413
April 11, 2025 at 10:29 am
Need a part 2!
@fieryweasel
April 11, 2025 at 10:57 am
Maybe other countries haven’t heard, but the US is great again. Someone should let them know.
@Artiimoo
April 11, 2025 at 12:44 pm
this was all fantastic information! complete side note, can i just say hearing this delightful man say “deadass” brought me great joy 😂
@howtoolive6387
April 11, 2025 at 12:56 pm
So a tariff would make the buyer want to buy American made which would make the company’s want to make there product in America. Don’t know why no one is saying this
@trimusentertainment
April 11, 2025 at 1:20 pm
Nice!
@AtomiserDQ
April 11, 2025 at 1:57 pm
Awesome Video Guys!!!
@NFT2
April 11, 2025 at 2:09 pm
This was so interesting, I think this might have been one of the best yet in this series.
@garager7044
April 11, 2025 at 3:58 pm
I suggest sending this video to the Treasury Secretary ASAP.
@keyboard_toucher
April 11, 2025 at 7:55 pm
23:40 gamers on suicide watch
@issachan_15
April 11, 2025 at 9:04 pm
Thank God for videos like this, i feel less stupid for knowing topics i didnt know before. Very informative and educational.
@deepseer
April 11, 2025 at 11:12 pm
Tariff is called “customs tax” in Chinese, so every Chinese knows it is a tax. It seems that some English-speaking people don’t.
@ej81t
April 11, 2025 at 11:30 pm
That was really interesting. Good job Wired and Professor Willy
@Japanimal1992
April 11, 2025 at 11:51 pm
This should be required viewing for everyone that voted Trump.
Too many big words though, might be hard for them to follow.
@Shrek_Holmes
April 12, 2025 at 12:19 am
“how to bring production back”
“by making production that doesn’t require hiring people”
you see, the issue isn’t that manufacturing left, is that why, why are labor costs so high?. well. its a corrupt socioeconomic system that is inefficient, healthcare is a MAJOR cost to employers and it should be universal
@Orangecatty
April 12, 2025 at 2:59 am
I could literally watch this man talk all day
@Traderyogeninsight
April 12, 2025 at 3:54 am
I thought Insider trading was illegal until trump administration doing it on broad day light.
@Visitor______________________v
April 12, 2025 at 4:06 am
I feel like we’re too divided as humanity, because we can’t agree on things, imagine what we could do if we agreed on things and worked together?
@Visitor______________________v
April 12, 2025 at 4:21 am
I feel like this guy is a great teacher
@Ryze373
April 12, 2025 at 4:35 am
Love this video 😊
@Naz-jc5tp
April 12, 2025 at 4:42 am
8:50 Love how he ignored the obviously bad faith part of his question and gave a genuine answer despite it
@wildwildwestcrypto9663
April 12, 2025 at 5:46 am
The first part to clarify, the only reason the government takes $25 on top of the $100 is because the greedy corporations would rather make other countries richer in the first place. Because the idea of the amount is all fugazi, it’s ultimately purchasing power that’s the most important. Economics is simple & complex
@ninreck5121
April 12, 2025 at 6:08 am
summary: the US is learning just how much they have been exploiting the global south and undocumented immigrants
@Replicant-by1eh
April 12, 2025 at 6:47 am
CCP plant.
@hoboinatux4109
April 12, 2025 at 7:42 am
In all fairness, the consumer does not directly pay the tax on imported goods. The importer pays that tax. They will in all likeliness raise the price of the the goods. Which the consumer pays.
@Ldyslythndr
April 12, 2025 at 8:54 am
The profit motive. Seems to be the underlying issue here
@miskatonic6210
April 12, 2025 at 9:19 am
This guy shines a light on why it’s insane to think the US could compete in a trade war against China. China controls world shipping to a degree it could f*** up the US in no time if they wanted to. The question why the Huthi could disrupt trade so much gave you a hint. Now imagine what China could do without even going to war.
The hybris and ignorance of some US americans certainly isn’t bliss.
@miskatonic6210
April 12, 2025 at 9:36 am
About using shipping containers: Be careful, used shipping containers can be highly contaminated! They are used at sea, surrounded by diesel oil, toxic paint and chemicals 24/7.
@shannonbruce5150
April 12, 2025 at 10:42 am
“BSViagra asks..” lol this is why I love the Internet
@SMDoktorPepper
April 12, 2025 at 10:42 am
Just the other day, had some of my crew praising everything Fuhrer Drumpf is doing, saying it will be “simple” to bring everything to Murica while booting everyone out. I wish I had this video then to succinctly explain everything as they couldnt (or wouldn’t) understand what I was telling them..that it will take YEARS to bring back even the most basic of industries. Driving the country and economy off the cliff will make everything so much worse
@peachpit888
April 12, 2025 at 1:01 pm
am I understanding this right? trump wants to handicap us so that the american public steps up to save ourselves by beginning to manufacture our own products? 2:33
@DynamesOne
April 12, 2025 at 2:49 pm
This was a great video
@tanvisardana8537
April 12, 2025 at 3:26 pm
i thought nvidia was the largest gpu manufacturer?
@anjie-8560
April 12, 2025 at 4:52 pm
I’m starting my B.A in logistics and supply chain management this may. I’m glad there is a lot to learn and so much depth to this space. SUPLY UPPP!
@mkmitty
April 12, 2025 at 7:57 pm
Wouldn’t labor in the US be cheaper with universal healthcare so employers wouldn’t have to provide that benefit?
@Blasthole
April 12, 2025 at 9:25 pm
It’s not that Americans don’t want agriculture jobs, it’s that Americans don’t want to get paid $5 an hour to do it
@victoralarcon6351
April 13, 2025 at 3:56 am
América is a continent 😂 its not the US 😂
@bluedabeast
April 13, 2025 at 4:15 am
Take a shot for every time China is name dropped in this video.
@huongvo128
April 13, 2025 at 5:37 am
envy Harvard students for being taught by this great professor.
@bazasidharta7151
April 13, 2025 at 6:53 am
wasian
@megumi4353
April 13, 2025 at 8:50 am
me be like: AHHHHHHHHH on the whole vid
@chanabby4745
April 13, 2025 at 10:47 am
thank you for marking this video! very informative!
@hooverhf1
April 13, 2025 at 12:20 pm
it’s rare to see rational americans on youtube these days
@kyeflannery8761
April 13, 2025 at 1:47 pm
So good 👏
@lolgrigio
April 13, 2025 at 9:51 pm
I like how he loosened up as he went through and was sounding more confident and animated by his expertise 😁
@someonemagical
April 13, 2025 at 10:41 pm
6:02 I know Pandemic games pieces when I see them
@Luciana_TK
April 13, 2025 at 10:49 pm
He’s amazing. I absolutely love this series by Wired!
@lazuardialmuzaki4489
April 14, 2025 at 2:28 am
WIRED you all are killing it!
@whiteeyedsh4rk697
April 14, 2025 at 3:29 am
That guy is great at making dificult topics accessible!
@ahmadfareedshawky
April 14, 2025 at 7:16 am
“Trade really began with the Roman” LOL
@Spacemonkeymojo
April 14, 2025 at 9:29 am
Great video Wired! 30 minutes flew past for some reason, I could’ve happily watched this if it was an hour long!
@freeclear1234
April 14, 2025 at 11:45 am
Did he use Pandemic cubes?
@kingsteve4304
April 14, 2025 at 2:22 pm
You know it’s bad when this is the sorta thing being made rn.
@saratuppenveloso8301
April 14, 2025 at 2:47 pm
That chewy chocolate bar break was divine.
@coincoin8091
April 14, 2025 at 2:54 pm
Guy sounds like a Joe Biden.
@DonnaIkena
April 14, 2025 at 4:49 pm
Despite no jobs and people can no longer afford to live , people will be lining up to live off the government .Acquiring $61k monthly is indeed a blessing
@HammanHam
April 14, 2025 at 4:49 pm
How please!? If it’s possible, I would appreciate if you show me how to go about it
@DonnaIkena
April 14, 2025 at 4:50 pm
Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in losing funds…… But Mrs. Brielle Georgia ,restored hope his a good man
@QoopHokm
April 14, 2025 at 4:50 pm
I’m not here to converse for her to testify just for what I’m sure of,she’s trustworthy and best option ever seen.
@SomadinaIkebe
April 14, 2025 at 4:50 pm
Such a genuine personality!! She is really a good investment advisor. I was privileged to attend some of his seminars. That’s how I start my crypto investment.
@SyhibaIbrahim
April 14, 2025 at 4:51 pm
Wow, that’s very nice. Please how can i be able to reach out to your broker. My income is in a mess please
@grandstrategos
April 14, 2025 at 7:48 pm
Great as always! Although saying major trade started with the Romans is a flat-out lie.
@mark_seizing_in_italian
April 15, 2025 at 6:41 am
I enjoyed listening to his explanations, he’s very straight to the point and gives simplified examples. That’s a good professor right there! Thank you professor shih
@paulsholar9356
April 15, 2025 at 11:39 am
Mountain Pass, NEVADA
@ortik4
April 15, 2025 at 12:37 pm
super interesting and very well explained! Thanks!
@B4rb0ssa
April 15, 2025 at 2:06 pm
Can you get this guy back again? He’s great at explaining things and Supply Systems are something that affects so much in our lives, but it’s something most people know very little about
@L.Rayne.Hubbard
April 15, 2025 at 3:35 pm
While supply chain does affect things – there’s a convenient lack of identifying corporate greed as an influence in a lot of these issues.
@redbloodedbutterfly
April 15, 2025 at 3:45 pm
Regarding importing food, another thing to keep in mind is climate. A lot of staple foods are grown outside the US because of climate conditions, not just labor costs. Examples include coffee beans, cocoa beans (chocolate), vanilla beans (actually an orchid), bananas, etc. These are all tropical plants. We have some tropical areas (Hawaii/Florida), but that doesn’t compare to amount of arable land in tropical countries. We’re also accustomed to year-round food supplies and this can require imports based on the harvest schedules. Harvest schedules are based on climate.
@theoraclekennedy8670
April 15, 2025 at 10:33 pm
Wired is owned by China? Sad to see them sell put this way. They should be inspected.
@joshua7225
April 15, 2025 at 10:52 pm
Was 54%. Last week 145%. Today 245%. Next month would be 1045% and after Mr. Orange’s term we will expect a 100000045% tariff on Chynah. Wut a clown show.
@agentkirifuda_shank7071
April 16, 2025 at 3:07 am
I’m at malacca right now😀
@Dex2R7
April 16, 2025 at 8:14 am
FDT
@nevermind4679
April 16, 2025 at 9:58 am
This series is incredible. I find myself watching 3 or 4 in a row. Thank you, Wired!
As an aside, the de minimis exemption is set to shut down in the U.S. as of May 2nd, 2025. I wonder if that will put Temu out of business?
@Ms.Opinionated
April 16, 2025 at 10:36 am
Wait, why doesn’t TEMU have to go thru US Customs?
@888fluffy
April 16, 2025 at 11:22 am
‘I dont think they’ll be a collapse’ he says, as he desperately eyes his stocks performance behind the camera
@mhlib6948
April 16, 2025 at 12:54 pm
I remember learning about trade in school but for high schoolers, it’s not a very interesting topic, though important and infects everyone. Wish there was a more interactive and fun way to teach kids this sort of stuff.
@MohamedamineEl-amiri
April 16, 2025 at 1:47 pm
guys how do i study sc without college
@CristianRodriguez-pp8dw
April 16, 2025 at 8:34 pm
wonderful teacher, straightforward explanations for an extremely complicated subject.
Politicians need an overdose of this, but they can’t be bothered to learn anything it seems.
@mayahuelllorente333
April 16, 2025 at 9:49 pm
So I’ve learned we’re f************ed
@KeringGemini
April 16, 2025 at 10:05 pm
i had to rewatch this – very informative and intriguing
@aristopleb
April 17, 2025 at 3:10 am
25:20 Funny he had the Mega Rich Light-Bending Guy’s idea of international travel.
@jenann
April 17, 2025 at 8:07 am
Great video but I’d like to point out trade between kingdoms on a large scale started much before the Romans. One example I can think of is Mesopotamia in the 3rd millennium BC traded copper with Zagros (present day Iran) and Taurus (present day Turkey).
@andreagonzalez5307
April 17, 2025 at 12:02 pm
great stuff
@ReadySteadyDESTROY
April 17, 2025 at 3:03 pm
Professor Shih, this was a really excellent video. As someone who studies economics and trade in ancient Mesopotamia, I’d love to have a chat with you sometime about how the history of human trade goes back at least another 2,000 years before ancient Rome. Lapis lazuli, cedar wood, and granite are all luxury commodities which were traded across great distances in the ancient world!
@skinscience6579
April 17, 2025 at 5:50 pm
This was soooooo good
@janene.f
April 24, 2025 at 3:52 pm
Fascinating. Thank you so much for doing this! Incredibly informative and I learned a lot!
@scotttaub4700
April 25, 2025 at 9:05 pm
Love the entire series, but this is one of the best.
@toyotaraizeproject6365
April 25, 2025 at 10:14 pm
this good for trump dumb assess supporters lol
@cebomakhaye2510
April 25, 2025 at 10:15 pm
Picking up a pattern that If it’s cheaper in another country, there’s likely labour exploitation going on
@rileymccusker
April 26, 2025 at 3:38 am
Trade in Rum… Rum, AND??? Crazy way to describe the triangle trade.
@vincentcuroso5944
April 26, 2025 at 2:14 pm
This is good stuff. In healthcare supply chain JIT was all the rage, then the pandemic happened. We give safety stock – what you termed JIT + lead time – a lot more consideration now. It’s also very telling that so many ppl are concerned about computer parts and candy. Buddy if you knew how fragile the supply chains for live saving medicine and medical devices are it would blow your mind.
@matthewsecord7641
April 27, 2025 at 3:40 pm
Or…if you have some land get your own chickens.
@matthewsecord7641
April 27, 2025 at 3:45 pm
The idiots here that bought all the toilet paper …what can I say…I bought facial tissue. Same fn thing and there was never a shortage of that. Maybe not the same everywhere but folks in my parts were particularly stupid in their panic. Not saying they are stupid people, but they acted stupidly and selfishly.
And it that disconnect and selfishness and lack of community awareness that’s going to bring us down before any pandemic.
@matthewsecord7641
April 27, 2025 at 3:53 pm
Trump can’t have Greenland. IF ANYTHING, the people there should be reunited with their own cultural tribes in the Canadian North…IF they want to.
@matthewsecord7641
April 27, 2025 at 3:56 pm
KFC ran into
the same problem of no white paint due to the hail storm in Texas. It affected everyone. Same thing with the RAM shortage in the 90s. Supply relisliency is key.
@matthewsecord7641
April 27, 2025 at 4:05 pm
Shipping containers can be as low as 100 dollars. Getting it to your location is going to be the biggest cost. Repairing them isn’t that expensive if you know what you’re doing and have basic IICL training.
@nicolesong6199
April 27, 2025 at 11:48 pm
This was really interesting — I liked the analysis about US and China and their trade capacities.
@Socratic199
April 28, 2025 at 5:24 am
Could cut costs at management with AI, and reduce regs making the construction overpriced.. Get your hands out of labor’s pocket. There’s tons of money, here, and it ain’t sitting in my account. Pay your workers, you greedy pricks.
@phillytothemax
April 28, 2025 at 8:55 am
Ignoring slavery is an interesting and weird choice here. You can say humans were traded and it was wrong .
@timveldhuijzen4944
April 28, 2025 at 9:57 am
L
@sunrevolver
April 29, 2025 at 9:45 am
It seemed in time of war where a lot of machinery is needed, China will have the edge
@Mrhandyhitman
April 29, 2025 at 4:18 pm
So China really controls everything… is that why Trump id adamant on moving our businesses out of China?
@lepidoptera
April 30, 2025 at 6:14 pm
Trade began with the Romans?!? Try 3000 BC with Mesopotamia, Egypt, the Indus Valley, and Crete.
@davidsc4680
May 1, 2025 at 6:46 pm
Trade didn’t start with Rome. There were several peoples trading for literally millenia before Rome even existed
@angusmacdonald7187
May 3, 2025 at 10:52 am
A great overview of the topic. And a shout out to Doug Lumsden! Remembering grad school days, my friend! 🙂
@LongX49
May 3, 2025 at 9:46 pm
17:18 professional deadass
@christianZaal
May 5, 2025 at 2:18 am
Why does USA import food?
Not every plant grows in USA all year round. There are better climates for some plants – like coffee and bananas – and also seasonal imports for produce that people want to continue to purchase outside of US growing seasons. American owned plantations pay the same tariffs even though they import American owned goods.
@shadotarot
May 5, 2025 at 7:14 am
The tariffs are taxes, collected by the government, and paid by the Americans.
In other words, the government just issued a new tax for the American people, without calling it a tax. (Let’s be real, imports will not stop. The manufacturers are just moving their factories elsewhere lol).
@Eterninox
May 5, 2025 at 12:27 pm
Could it be that the “living in a shipping container” bit was a Disco Elysium reference? Anyway, this was surprisingly educational, thank you professor Shih!
@richardbrown7542
May 5, 2025 at 1:57 pm
If i wouldve had a professor like this I might be an econ major lol he makes it so easy
@thechip2727
May 6, 2025 at 11:36 pm
We need a gen z translator tho
@Feynt
May 7, 2025 at 6:48 am
22:12 – Wow, good thing that diminimus exemption is in pla-Aaand it’s gone.
@HealthyLife-EQ
May 7, 2025 at 11:58 am
Please point me in the direction of the strawberry harvester who pays $25/hr 😂😂😂
@Datamining101
May 7, 2025 at 7:34 pm
0:50 I know you’re a supply chain guy but talking about egg prices without talking about industry consolidation and cartel behavior is a disservice to the community. “Because bird flu” is an opportune time for a cartel to artificially drive up long-term prices.
@zector0
May 11, 2025 at 5:46 am
USA and Europe working together to combat Chinas hold on the supply chain? Not going to happen, as USA is less trustworthy than China at this point. Check your corruption, minoritarianism and fascism and maybe we can talk.
@antwainclarke3406
May 11, 2025 at 3:26 pm
Its very disappointing that when American retell global history it always seems to start with the Romans.
@thomasbyers9153
May 11, 2025 at 6:10 pm
10:50 there was also the issue with two of the Chip manufacturers having major fires in their production facilities.
@Eagle971
May 11, 2025 at 7:52 pm
This dude is a Chinese spy and has been selling American tech/trade secrets to our enemy for years.
@shookt1569
May 12, 2025 at 12:47 am
Why is labor cheaper in other countries but more expensive in some?
@ilovephotography1254
May 12, 2025 at 3:22 pm
Great video. Hope more people can view it.
@Goalsplus
May 12, 2025 at 7:36 pm
The toilet paper problem was fueled by 100% imagination boosted by rumour, fear and misinformation. It’s virtually impossible to run out unless it’s hoarded like gold and diamonds!
@ElderNames
May 14, 2025 at 4:14 am
You forgot high transport cost but low value products like toilet paper, plastic containers etc..
@NVM_SMH
May 18, 2025 at 3:47 am
Fantastic talk. 😊
@myrusEW
May 18, 2025 at 3:19 pm
So instead of paying fairly for your own country, let’s exploit the poor classes of other countries so we can buy our luxuries? 😂
@akshayuppala9295
May 19, 2025 at 9:58 am
Very insightful to me as a suppy chain student.
@kirstinmorrell
May 19, 2025 at 3:08 pm
“Jobs Americans don’t want.” = Jobs the market has not sufficiently incentivized workers to engage in.
Jobs Americans don’t want under the working conditions and pay currently available. Improve working conditions, don’t treat agricultural workers like slaves, don’t have them live in rat infested moldy dormitories, have achievable daily quotas that are ramped up through the season, and don’t base an entire industry around modern forms of slavery.
@MTkONE
May 21, 2025 at 2:42 pm
inDuced tRade waR$ as part of a multi-faceted Internal/Domestic War!
@buffbatman2
May 23, 2025 at 12:16 am
china is a cancer on world trade. its time to stop enabling communism. dont buy their low quality crap
@wetbadger2
May 25, 2025 at 10:45 am
Six dollars per hour in China? Where?
@wetbadger2
May 25, 2025 at 11:01 am
Trump doesn’t eat fruits and vegetables, so he doesn’t care about us that do
@kalebscott282
May 27, 2025 at 6:02 pm
Stuff is less expensive to produce in those countries because those countries take advantage of workers…weird that the argument is to use child labor.
@kaymitchell6143
May 28, 2025 at 9:54 pm
8:29 I love how he conveniently skipped over how they traded my ancestors a commodity. Which helped the global market boom because they were not paid for their labor. Hence why in current times companies still go to colonized countries or countries with exploitative governments for cheap labor. The global market can only exist by devaluing human life.
@sem6149
May 29, 2025 at 1:34 pm
Anyone else getting strong Leonard Nimoy vibes listening to this gent? 🙂
@philipb2134
June 1, 2025 at 3:59 am
Are you suggesting that Debbie can’t have her expected and beloved thirty dolls under the Christmas tree?
@fatehyabali
June 1, 2025 at 9:07 am
F
@CapsLock33
June 2, 2025 at 9:53 pm
Can someone explain to me why a bag of Doritos is $5.99 and my bananas are $1.79 with 5 times the weight?
@BlackReaper0
June 4, 2025 at 8:45 am
The idea of a shipping container house is kinda funny.
@baloghbotond4250
June 4, 2025 at 6:27 pm
I never dreamed of saying this…..But thank god i live in Romania (corrupt to the eyebrows, I know) but the food prices are stable af.
@baloghbotond4250
June 4, 2025 at 6:32 pm
Did bro just forgot that Vikings accelerated trade?
@Crmsnraider
June 6, 2025 at 8:42 pm
…also to the point about china vs us iphone manuf. labor costs its going to be higher like this because the people who would be getting the prices down to a lower number and that would be doing the jobs are getting kicked out so no one would be there for the jobs at the lower price only the 4x price folks so its not going to happen as he said.