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tv   [untitled]    October 15, 2021 10:30am-11:01am AST

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sorta stays with us either. in other words, everyone wants the shocks and the tourist to keep coming. a leslie that way. it was an incredible experience. if you get the chance you have to come because they are really incredible. amazing to be able to swim with such an immense and marvelous animal. and then it's gone. submits, cruise, well, shop population will be heading off to maxima. the question as every year is how many will return? john holmes al jazeera metzger. ah . time take a look at those headlines down. lebanon is observing a day of national morning after barret's worst street violence. and more than a decade, 7 people were killed. violence broke out as people were protesting against the lead judge investigating the bay route port. last st holder has more from beirut. the
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tensions were over the judge had it because the she are political groups. they want to see him removed. they say he's politicized. the opposition believes that judge baton should be given a chance that he should be able to continue his investigation and then he should be judged. the opposition is also accusing. has milan a mother? she are political groups of feeding. a cool using arms to impose their will and if you read hezbollah affiliated media this morning, it is very clear that the crisis is not over because that there was a dangerous escalation in the street. but there still put a political escalation cabinet is paralyzed. and the c r ministers are threatening to walk out if thought it better is not the smith us president joe biden says he's country will donate 17000000 current of iris vaccines to the african union. in the coming weeks. he made the announcement while hosting canyon president, who can yes, the white house for me, us president, bill clinton has been hospitalized with a suspected blood infection. clinton spokesman says he's on the men and is in good
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spirits. doctor said the 75 year old is responding well 20 by our fix. george's opposition rallied in the capital against the imprisonment of former presidents. mikhail cash billy government says he entered the country illegally from exile for the faces 6 years in prison. tywon, these authorities are investigating whether a 5 killed at least $46.00 people will started deliberately. dozens of others were injured in the incident on 1st day. the 13 story building was made up of small shops and apartments. a judge in rome has suspended the trial for members of egypt . security forces for the kidnap and murder of an italian academic. the court was unsure if the men know about the charges against them. back to the top of the on air or online be part of the debate or pacific people. the ocean is our identity
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and the source of well being. we are the ocean when no topic is off the table, it's as children say atmosphere, people are demoralized. they're exhausted and many health care workers are experiencing p t s d like symptoms jump into this dream and do he not global community of your on light on each and right now you can be part of those conversations. south this street are now to sierra in the world's most populous nation. one in every 4 women south is domestic by wow, and east investigate china battleground, at han on al jazeera. from the latest technology to toys, building materials and even food. many products are in short supply around the world . so what's causing the supply crunch? and will this mean higher prices for us, all this is inside stored ah
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hello, walk him to the program on him or on con, a supply chain crisis is threatening to derail the wells. economic recovery from the pandemic. you small phones, toys, clothes, and even christmas turkeys are among many items, not reaching consumers. analysts blaming what they call a perfect storm of problems. dozens of cargo ships a stock off the coast of southern california in the u. s. they're waiting to unload containers at ports in los angeles and long beach that handle almost half of americas imports. that backlog is pushing our prices shop to warning them t shelves ahead of thanksgiving and christmas. u. s. president joe biden says the ports will now work 24 hours a day, 7 days a week. delivery companies are major retailers are also working overtime. this is across the board commitment to going to 247. this is
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a big 1st step in speeding up the movement of materials and goods through our supply chain. but now we need the rest of the private sector chain to step of as well. dark goal is not only to get through this immediate bottleneck, but to address the longstanding weaknesses and our transportation supply chain. at this pandemic as exposed. the problem was the main focus of a meeting of d 7 finance ministers in washington on wednesday. britons richie sonic said they agreed to work constructively towards a solution. the you case supply problems are compounded by briggs. it and a shortage of truck drivers. cargo ships have been diverted from britain's biggest port container terminals in europe, or at full capacity as well. we see this issue am actually in, in, in all major european ports, but also ports across the world in the u. s. in china. there are disruptions it because, you know, due to the, the pandemic, the china, which is basically the factory of the world and stood still for
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a couple of weeks. and then they started production again that created the backlog, that created the destruction. in the meantime, there have been other global disruption such as the incident in the so s channel, the bricks, it's an in the factory of the world. a china output has slowed down for the 1st time. since the pandemic started, several provinces are suffering from power cuts and electricity rationing the price of commodities has gone up. a major index measuring the cost of goods for wholesalers, rose by 10.7 percent last month, the fastest jump in 26 years. ah, let's bring in our guess in newcastle, jazz at keller, assistant professor in supply chain management at newcastle university business school in ye untied china, dan wang chief economist at hang sang bank china and in plymouth, several camp harry, this lecture in maritime economics. and the head of the maritime transport research
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group at the university of plymouth. welcome to the program. let's begin in newcastle. first we just camera. as i understand it, the most simple way of describing this global supply chain is the fact that it works on this kind of last minute principle. the idea is that with frictionless borders, with all the supply chain working at once, everything gets to the shops, everything gets the stores just in time, nothing has stockpiled. and for that, for decades, that system has worked for the most part. but now with the pandemic and with briggs it and with say, shortage of workers, those that last minute principal as being really tested, is it still working? is it still the best way? the whole principle of just in time production and delivery. it's bugs in certain settings and it doesn't book another setting. and it's really important to distinguish between the 2. so just in time, of course has good benefits and times all that is evidence is it has everything to
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be done, but it's a good quality no cost, no time method, method of delivery. however, it also makes up like it really wasn't able because a lot of organizations with adopted this approach have done it to achieve the local no inventory benefit. so the by chance of all right, well, let us talk about these things happen. be find that how rely is b auto not global supplies of global teams? and bottles of fiction that i'd be good like is to be so this ben pandemic already exists in a shock, occur based on their ability get expose and then we find out the problem that our system and we need a more system or a hybrid system. do combat this and you until done, why is it simply than that actually we just have to deal with these problems on
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there because they don't occur that often. and this is like a very one off event. as it were, like the panoramic briggs supply, worker shortages, that kind of thing. is it simply that this is just the cost of doing business? i do think it has a lot to do with college and how different governments deal with college. the reason why china has and last severe problem in its domestic supply is because the government has strong control over depend damaged breath. but if you look had most of garments in the world, actually, they have already become very flexible in what people can do. what workers can do and that has disrupted a lot of production process. and on top of that, the shipping cost has been extremely high and he doesn't look like it will come down anytime soon. so this as to the power shortage in china. so i think this problem will continue to at least the end of next year. but is it simply done with the cost of just doing business like you just have to adapt to when things like
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this happen? i believe so because a event like this is highly unpredictable. nobody knew that there will be a supply chain disruption in the scale. and when people look out to the post the call, the situation last march of sudden every country was in the shortage of math and medical devices. budget. people just people respond and factor responded very differently. and we have seen that china motivated a lot of his domestic manufacturers. and in fact, of the solve this problem with a 3 month budget for most economy. they do not have such industrial foundations. so they have to bear the costs of waiting and eventually import max from countries like china policy on thursday. and so sorry, i was going bring your point to several current paraded susan plymouth up. so is this the but look, this is the only system we've got is
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a system that does work and sometimes breaks down. but is it the new system we have? yes, it is the only system that we have, and i think it's a very reliable system. the fact that we're seeing some kind of disruptions at the moment, it makes sense because according the latest statistics are, we have a 16 trillion of use dollars that this customers want to spend. and that kind of, of money has been saved during the bundle from people not going out for eating and all the other social activities and all that kind of stuff. so people are now going out there spending money craziness. we have an increase in the month of 6.5 percent compared to 2020. and you may think that 2020 was kind of anomaly which i agree with you. and then if you compare that with 2019, that is bringing the demand of 3.5 percent. so in 2021 we have 3.5 percent more demand. and at the same time we have ports of the striving because of coverage. we have a lack of containers. we have a lot of disruptions, the overall system with lack of truck drivers in the u. k. all over the globe. so
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that is kind of causing us more problem, which as you said, they learn is, is part of the business unit. we really have to deal with us. and the business sector is doing that. does cover the business sector is dealing with it. i mean, you look a bit skeptical there. yeah, because i do agree that it is one it a lifetime event. it's a big expense or the shocks. some people not even calling it a block funny event, but i'm off the opinion that we have had version of such events, smaller scale, but we haven't seen disruptions it since 201140 been and you know, every time i feel like and destruction occur we try to deal with the solution rather than thinking about more long term solutions that be that we can probably event. so for example, one thing that i'm particularly if you take the example of co is what i, what i think is that it is a global problem off supply chain. i glow how,
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what bar code as far as governments to, as they, as they should at this time, to look a lot more inputs and they, they're trying to deal with the corporate situation. but locally, however, that is going to affect the links between these, these notes. so we have to think about them and we have to prepare for any future events. i think we have, we need to rethink the supply chain strategy. yes. you know, i know that, you know, people have been appointed points to fantasy to say, look, but we have to think beyond that as well done well in china, one of the things that global government seems to be doing is actually passing the buck. and oftentimes that book stops with china, lot of people are blaming china for their se thing. well, actually that's where the disruption begins. and if there is disruption in china than that fix the entire global supply chain. is that fair criticism, or is it just once again, blaming the biggest country?
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ah, because china is the biggest a manufacturer in the world. and also usually the largest trading partner of most countries in the world, displaying has some foundations. because right now, the biggest problem for china's manufacturers is that they don't have the shipping capacity to send those goes out. even if they're producing f, they're usually $1.00 to $2.00 quarters behind when they actually hold a container. so we have saying that the companies in china in costar, regions are declining. you orders the power shortage, certainly as to the wall of this whole misery. but the biggest bottleneck, esteem shipping on china's companies are simply cannot guarantee the shipping delivery server. osa in plymouth just before we came on i, my executive producer was in the pockets of oreos and he made the point that perhaps we should be eating more locally. that one of the, one of the reasons for this is that we should be more likely to pointed out the actual theories were made in america is, boy,
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is this getting people to try and look up, eating more food locally using more local manufactured goods? is there a way around this crisis to, to be honest, i don't think so. that's a problem related global is my, the moments i had because even if you see what's happening the day, for example, a lot of local producers are saying that we don't have enough manpower to slaughter some of the animals. so even if you try to lead locally, that means that we don't have enough resources at the moment. so we really have to start thinking holistically about the overall supply chain, how it's operating, and what kind of factors are they are affecting? it's so at the moment you quietly rightly said that coffee is affecting the supplied zane. you may have here in the use that we're having some suits here against hitting time at the moment. so again, we're going to have more disruption in the tiny sports. and at the end of the day, it's not on with santa if you see us as well, we have a lot of vessels coming out there. europe, the same story us we've seen in the video before. so it's a matter of making investments and trying to predict their predictable because we
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had an economic crisis back in 2008. and as you remember, but vet, we recovered, we had an increased demand, we had 0 problems since then. now yes, we have an increase demand, but because we have problems with supply, which those what products are weekday factorial, it's kind of difficult to navigate through them and predict them. so i think that's the problem that we have to face and we have to make a more resilient network. does kara in newcastle politicians a warning now that there will be shortages in the near future? obviously they are thinking that this is a serious problem, but i can't help but think if you're warning about this now than it is going to be a problem. but the basic, underlying issues haven't changed with this a long term problem, right? i completely agree. this is more of opinion a bit more time posting that yes, this is going to occur. and on some level it has pretty good panic buying as well.
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so this problem exactly complicated a lot more actually by these announcement. but yeah, you also write that this is a long term problem. if you can really take your example, code has only complicated the problem that was already there, which was entering into negotiations that they could open the union and trade depend a lot on that. so, you know, colon combined, that breaks it has actually made it a long term problem and that's going to leave. but the, you can be a long term solution. i completely agree with the point there. that's why we need to think locally and, and what i would like to say on that is we need to think about foot line that will be developing supply system supply chains that rely on local capabilities. the problem is that we, a lot of organizations, a solar lined on global appliance, we don't even know what the abilities are. and actually that might lead to changes in the types of demand for the types of demand patterns. i think this is
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a long term problem. and we need to think sustainable long term solution, otherwise it will just come back again. save time next year. buying people are bought 60 percent to 70 percent more or more of christmas gifts that they did last year. so where is that? what they're doing is that they're by early. so it, this problem is actually going to complicate, done learning in china. listen, is more easily hurricane way of looking at this. all, we demanding infinite growth from planet with finite resources. and actually what we're doing is we're buying way too much, and actually that does need to be a readjustment of demand or is growth everything. while the ward is suffering from consumerism. this point i agree with you, we probably can tolerate spending a bit last individual basis, but when it comes to the supply chain, it is
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a very different situation. now from 30 years ago, countries have to balance their own patterns. countries like friction and the us have probably permanently lost their ability to develop a major range and lower and supply chain of their own. and if we look at the global goods about 80 percent are produced and sold locally, only about 20 percent of the goods are doing international trade. they're traveling around the world. and amanda is 20 percent of global. this is very unlikely that any of the countries did not have the capacity can suddenly debacle capacity. it's either because the higher land cost or higher taxes or labor costs, they just simply cannot. they have to rely on c, n on china. so i think this is a new reality. people have to adapt to, they can just develop or to, or a fact, a parallel system. one rely on the regional supply and why rely on the global
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supply is just simply not a reality anymore. and several sure, electron maritime economics and the head of the maritime transport research group. i mean, what do you think of what don juan has just said? i think there's i sense of truth missing that one. so we really have to start thinking that or gay, we haven't managed to find the ex product that we're looking for. why we can buy the why. so we have to increase of bits or be a bit more open minded, let's say, in the choices that we're doing our customers. because i think that will help us to navigate through those crises. which as i said before, is not dealing with globalization. i think it's going to be over past quite soon from the business sector because we have to sell goods and that's that way to prosperity. and that's how we've managed to build up our economics models for many, many years. and so i think the future is that yes, we can buy more local stuff ah, yes, we can think about the choices. but as one sent earlier on,
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we really have to think a bit more holistically and try to find out better options. let's put it that way. just kara, if you're advising, say the american government right now, the british government even right now, and i understand they both have very different problems when it comes to global supply chain management. what is the 1st thing you're going to get a, the americans to fix and be the british to fix? well, on the immediate layer on the more or a shot and a shot them again. i'd really like the u. k. government to take carefully about the relationships that be happy to european partners and get that sorted is the right way because ignoring some of the crisis situation and get uncovered won't help because yes, call it as complicated the situation. but the problem was already there. so i think we need to, as, as a nation, we need to think about cradle my chaise more carefully develop new capabilities.
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yes. be. we also have the challenges around the current process building back better, a leveling up that's, that's really important. so that's, that is something that we need to continue doing and also relationships and get that. she says, right, that are on the problems that we have. but more american it my, my advice and i said that they caveat because i know less about us the u. k. but i think i'm very concerned about the grandfather bitches. the big line of the big we have right now, but they are there. the containers are not, not, not taken off the ship. so i think we need to resolve that problem to get that. get that issue right? they do get to the shop. they have wal mart and they have union b 7. what, how sustainable is that? so i can be thing, be on, be shot them solution. so we need to, we need to solve the problem done wrong and turn, or if you are advising the chinese government on a long term solution, long term,
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even planning to deal with this in the future. would you tell them well, the chinese government has already emphasize the supply side, the reform, which is centering around supply chain security. and number 2 is for security number 3 energy security. so my advice would be they have to adopt more market base to reform. and in a way, those power shortage and the supply chain bottleneck right now had created opportunity. we have already seen that in the past months. chinese government has allowed the coal power electricity price to fluctuate more or less based on market demand and supply. so they have achieved more in a month than already in the past decade. so in a way this is a positive force. so again, i'm going to get you to explain a few of those terms that are just for the people that they might not understand home when you're talking about the chinese power crisis, you're talking about
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a shortage of power within china itself. so electricity blackouts, correct. so there is a power shortage and that is because the coal price is very high, but the and electricity price cannot be fully adjusted. only about a 35 percent of china is traded. trinity can fluctuate with market to supply and demand, and the rest is fixed price. so last among, chinese government actually allowed the electricity price that's generated that's coming from coal power plant to fluctuate. and that is quite significant progress because there was a lot of opposition from the legacy system. federal you've heard, or other guys have had to say, do you still think that this is probably the best system we have? i think so, and if i had to advising the governments not around the globe, i would say that they really have to go see their supply chain will carefully. and they also have to set that risk management exercises and try to think carefully how
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not to suit to convert success is because i think the biggest problem is that we're seeing and the moments are taking place in us in the u. k. and that's because those 2 governors have managed to roll out of the vaccine is quite quick or weaker than the rest of the ward. and also they have minus to have to reopen, they can always quicker than the rest of the ward. so i think that kind of victims of their victories because they have minus 12 and the economy so fast. and now they're having problems with the supply because the demand is already there. but the supplies and all that to see that the demand. so try to think about carefully when you're playing with both kinds of there's when you open the market, for example, and how the market is going to react to demands. i think it's very important for the near future. just kara, we are running out of time. i just want to ask you this question. there is collateral damage when it comes to the global supply chain. it's not just the big economies in the world, china, the us, russia, britain, europe, etc. there are,
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you know, poor nations who suddenly can't afford to trade suddenly, can't afford to buy those goods because the price has gone up to that make a difference to how the supply chain works. oh, absolutely. i think that's, that's a big situation, particularly when you have global. and that's why there's this whole idea that we, the, the channel kept essentially the balance on the top of the supply chain, from nations. they need to think about their suppliers more responsibly. by example, been discovered situation started a lot of big textile retailers. they terminated their contract, but the, but the government manufacturing factories and bundle. and it was, it had such a secret impact that the whole industry was at the break. so we need to think about that more, more, more carefully, that's buying before we get from that country and be also same from that. but my
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team, we need to think of those supplies, not just as a cost reduction mechanism, but also as so that they are going to build a sustainable growth over the years as suppliers. i will a thank all our guests jazz, cal rock, dan wang and steve rosa, paradise and i want to thank you to for watching. now you can see the program again . any time by this thing, i'll website out is there a dot com and for further discussion here, talk facebook page at facebook dot com, forward slash ha inside story. and you can also join the conversation on twitter. we are at a j inside story from me m. ron cowen and the whole team head bye for now. i canada is approaching a tipping point in the lead up to the cop 26 climate summit. al jazeera showcases programs dedicated to one veiling the realities of the climate emergency witnesses
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