Why There are Now So Many Shortages (It's Not COVID)

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Writing by Sam Denby
Research by Sam Denby and Tristan Purdy
Editing by Alexander Williard
Animation by Josh Sherrington
Sound by Graham Haerther
Thumbnail by Simon Buckmaster
Select footage courtesy the AP Archive
References
[1] www.joc.com/port-news/us-port...
[2] www.freightwaves.com/news/new...
[3] www.wsj.com/articles/americas...
[4] www.freightwaves.com/news/no-...
[5] www.hillebrand.com/media/publ...
[6] www.vox.com/22410713/lumber-p...
[7] www.cnbc.com/2021/04/30/a-maj...
[8] www.wsj.com/articles/ketchup-...
[9] www.independent.co.uk/extras/...
[10] people.brunel.ac.uk/~mastjjb/j...
Musicbed SyncID:
MB01ILVGJ3TJXAX

[@Well_Earned_Siesta]

"They ignored huge swaths of The Toyota Way, and created a system that's less effective and less resilient, but can impress shareholders through short-term savings." Sums it up in one sentence. Really great video!

[@santisven]

Well it's not easy for companies to implement the toyota production system. When they decide to go that way, they usually take years in learning it from advisors. On the other hand, a less effective production system means higher prices, and taking away goods and services that everyone can afford from the poorer people.

[@blucy10]

I literally just pulled my copy of The Toyota Way Fieldbook off the shelf behind me. The processes work, yet I've seen many examples of people fighting the process.

[@mzaite]

It's basically a form of MBA Cargo Cult. None of these CEO's are worth the dirt it will take to burry them. They just monkey seed and monkey did with no understanding of what they were doing. And for that they get rewarded.

[@nnakawatase5305]

I've worked in mfg most of my life and every company I worked for tries to implement 5S, JIT, Lean Mfg etc. But the problem is a cultural one. In Asian society the kind of cooperation needed to implement these systems is taught and ingrained early on. In the US where the Individual is prioritized over the group it is too difficult to change the mindset, which is why these systems never fully get implemented correctly. This is a great video to explain supply chain basics to people. I don't think we will ever fix it but at least you can explain what went wrong.

[@santisven]

@@nnakawatase5305 Asia is enormous. In Japan, where it was born, they have a different culture, yes, also a different education. They do, however, respect each other's individuallity to a bigger degree than any other western cultured I've expirienced. That's key to their success. Since they're 6 yo, they even go to school on their own, and noone messes with them. Also, school education is very different. Most of them don't even have janitors because they teach each kid to clean up after their own mess. They know what's their job, where it ends, and where the other begins, and their goal is to deliver their part of the job as good as they can, for a matter of principles and respect towards the next person in the work chain. There's a saying in japanese culture, unrestricted respect for the other one's life's project.

[@pm_davidjones]

The supply chain version of living paycheck-to-paycheck. Get the flu and miss a few days of work. Paycheck is short. Overdraft fees hit further reducing your balance. Then the late fees kick in when overdrafts stop being covered. Skip the car payment to make rent. Borrow money from your cousin for the kid's school supplies. You'll catch up eventually. Maybe.

[@rkan2]

That is also how the whole economy works... Try to develop enough technologically before all the resources to do so run out... Maybe you'll catch up.

[@jelink22]

Yeah, this is the norm all over America. SNORT.

[@travcollier]

Worse even... A lot of these companies are more about finance than manufacturing. A lot of their income is based on borrowing to lend... And round and round it goes, for a while.

[@kanishkasahoo3761]

This is one of the most accurate analogy for the shortages i have ever heard.

[@per619]

Exactly analogy.

[@kcm732]

17:26 - 17:33 is my favorite takeaway from this video. SO MANY people are only interested in short term gains, NEVER playing the long game, thats a life lesson. always play the long game. invest in yourself and be consistent so that you can adapt for changes when they inevitably happen.

[@C1azed]

If you play the long game you won't get your billion dollar bonus from the share holders. At the end of the day so many of our modern problem can be traced back to the demands of shareholders, they destroy a companies rationality in the blind pursuit of profit, they consistently act more unethical then their private counterparts and they are the driving cause of many economic crises

[@kcm732]

@@C1azed you can still give shareholders their earnings, itll be less, but more over time. still, playing the long game is the winner, this is in theory obviously, and we live in a non perfect world and ppl are generally greedy. but, if cards are played right and ppl in power can keep their egos in check, things can work out as they should 🤷🏻‍♂️

[@ViolenVaymire]

For the individual this *Absolute* is a dangerous line of thinking. You are never guaranteed tomorrow, But more then that you are likely just trading your youthful happiness for your aged happiness, effectively doing nothing, and shutting your self off to things you could have only done when you were young. Finding happiness not so easy. Balance is far more appropriate.

[@pluspiping]

In that that case, it's really too bad that corporations are required to chase short-term gains, lest their investors not get richer, faster, constantly. If they feel like they could be making more money faster - short-term or not - they can simply demand things be changed. The way these companies run is beyond messed-up.

[@TheGecko213]

Every corporation has quarterly profits statement. If you don't show profit, you are fired.

[@charnotaurus2665]

The boba tea thing is really funny actually, because in Australia a "make at home" boba tea company called "bubble tea club" popped up during covid as the two owners were layed off DUE to covid and said "screw it, why not?" and now they ship internationally lol.

[@udance4ever]

ah now I get it - ppl can stockpile boba kits & not disrupt their foodie supply chain! 🧋

[@jamescaulfield7494]

I knew from your title of the video that "Just in Time" manufacturing was going to be one of the causes you stated. I spent 26 years going between jobs in the air freight, ltl trucking, warehousing, and logistics industries and I saw "just in time" in action and just how customers got screwed up because they relied on it too much. I can't tell you the amount of times (it would definitely be over a hundred) I heard "we got to get it there because they're going to have to shut down a line if we don't". It's no wonder that during the covid crisis, that the problem would be exacerbated !

[@kylewilliams8114]

Just in time shipping relies on perfect conditions, which as you know better than me, doesn't resemble reality 🤣

[@SoybeanAK]

*exacerbated. Anyhow I bet some of your stories are legendary. I used to work with a machinist who recalled, in his youth, getting paid to ride his Suzuki 1000 at stupid speeds to take a simple chunk of carbide to meet up with a guy in a parking lot to keep a heavy equipment line rolling. These planners are sketch!

[@ojas.rastogi]

I had the same thought going into the video, although I don't have any experience in it yet

[@moony2703]

Also the irony when almost _nobody_ can get into the country but you’re holding a box boldly stating it’s from x overseas country. Deliveries yes, people no.

[@-DC-]

25 years in trucking and totally agree, People have no idea how quickly things will fall apart if those trucks stop rolling, The entire supply chain works on a absolute knife edge.

[@joaoricardo9174]

"Less effective, less resilient, but can impress shareholders through short term savings." You just described pretty much every single company out there

[@Dosedmonkey]

Except for the cruise industry, as explained on their cruise industry covid video

[@zojirushi1]

Yup

[@justinland1208]

Well, publicly traded companies anyways.

[@TheFutureOfMen]

It’s ok to have some excess if you know that item it guaranteed to sell eventually. I’m learning this in retail stores.

[@rudyschwab7709]

The decline of Sears ought to be taught in every business school. Short term big cash grabs turn into long term catastrophes.

[@kritikat4887]

The archival footage of the factories in Japan is genuinely cool

[@phillipjacobs9982]

So cool because from Japan. Jdm life. Anime is cool 😎. Piss off mate

[@wayk3585]

Seriously, after this COVID disruption to supply chain issues (ie. lack of semiconductor chips), every country should have their own manufacturing facility to avoid supply disruptions. Canada should have their own manufacturing facility. Sure it may be more expensive (due to mostly labour cost), but it should ensure constant supply and less price fluctuations. The world cannot just rely on China and India to manufacture critical materials like medical supplies/medications and semiconductors.

[@aurious5821]

@Peter P at this point they should do it for national security :/

[@lovrovalentic3056]

Yea ,world would be a better place if we had MORE factories and every country can produce their own goods they need . But it is not how things work. People specialize

[@aurious5821]

@@lovrovalentic3056 which makes sense in this globalized community but things like computer chips are pretty core to very significant parts of our society and right now its production is extremely centralized.

[@theclamhammer4447]

Countries aren’t designed to be independent anymore. Globalists have been imposing their will and have succeeded.

[@NeostormXLMAX]

@Peter P the us is already doing this for semi conductors, as taiwan is about to get invaded, and in this case half of the world is going to crash, as its literally 90% of all semi conductors aka phones, cars computers and every electronic ever.

[@Rextraordinaire]

6 months from now we're going to see a video from Wendover titled "Why Every Rental Car in Alaska is a Toyota"

[@tixx7492]

Thats a job for HaI

[@jeffreypierson2064]

In a year they will be Toyota, because they buy in the Spring

[@northerntao]

Rental cars are always scarce here in Anchorage during the summer.

[@tipsy5986]

For the Record they are Subaru's.

[@dakania]

It’ll be real life lore covering why every car in Alaska is a Corolla

[@quietwoodworking]

The main problem can be summed up in the statement you made at 17:40 - Constructing a resilient supply chain requires long-term thinking, but most companies have not nurtured an environment that allows for that.

[@carolmiller5713]

On the other hand, people realize they don't really need all the crap they think they do.

[@Meltedchair513]

And we’ve prioritized this thanks to the lack of foresight by shareholders. If they solely care about short term growth and revenue they’ll dig their own grave

[@FlyingMonkies325]

Yeh cos governments didn't want it that way and they were so so blind, until next time they believe their next lot of illusions that lead to other problems lol problems will always arise though regardless and nothing stays the same... but damn everything right now is one of the biggest screw ups in history for sure, people were taught to think SO short sighted in schools too where it was just about making money and pretending to look like you were doing something lol but none of it was worthwhile it was just a crushing weight on denialism. One thing that does need to change in the next society is not forcing all out conformism to a society cos that is also crushing to who we are and against human right too to deny letting people be who they truly are in the name of conforming and it doesn't have to be that way if a society just only gives people what they really need, doesn't waste and isn't so much about the reputation, money, power, fame or recognition and if they have enough flexibility to let people be that then god knows they won't need to force people to conform when they love the world they live in lol and they understand the fundamental reasons why we live the way we do. As a 1990s baby god knows i've hated the society we live in the entire 31 years i've lived so far it's ugly and i've felt nothing but the crushing weight of people wanting me to conform to a world i didn't like nor felt passionate about, but we gotta live in a way that's realistic and keeps us from fooling ourselves into more illusions too cos i've suffered not being taught to see things realistically and not raised in a way of living in a world that's realistic and solves problems realistically, it's been super hard for me cos i feel like i REALLY needed to live that way from day 1 and now i'm struggling to adapt in my adult life and i'm defo not the only one whose like that, it's definitely better for everyone really our world is always open to the bigger picture of everything.

[@jonragnarsson]

Hey, those quarterly reports have to look good for our shareholders!

[@ryan1840]

They can't afford long term planning like that. It eats into short term profits, which would lower stock valuations, which would cause market recessions.

[@mcconkeyb]

"A ruthless pursuit of short term profit, at the expense of long term gain is the cause". A truer statement has never been uttered!

[@derekbass2966]

It's fascinating that the auto industry had these problems recognizing which parts of their supply chain should be flexible and which shouldn't. Car construction today is based around identifying 'crumple zones', parts of the car that can flex and compact to absorb energy in a crash, around a rigid frame. Their supply chain is no different: some parts can flex and some must remain rigid for it to work.

[@JohnSmith-nz2yq]

You hit it right on the head. Principles, principles, principles! Details differ, but principles prevail.

[@mcclap2987]

*Can’t get a graphics card* Wendover: And I took that personally

[@AxxLAfriku]

HOLY HOLY!!! I can proudly say that I have the two HOTTEST women on this planet as MY GIRLFRIENDS! I am the unprettiest KZbinr ever, but they love me for what's inside! Thanks for listening mx

[@ianl2771]

@@AxxLAfriku stfu

[@ryan_lmao]

honestly man i just want a 3080

[@aoelp]

@@ryan_lmao Oh what a humble being you are. 😂

[@paramjeetsolanki]

thats coz of all the scalpers

[@fredashay]

Aha! I remember back in college, we learned about "Just In Time Delivery." And I remember thinking, "As soon as there's the slightest glitch in the supply chain, this is gonna result in disaster for some entire industry!"

[@LarryJohnVA]

Decades ago, when I heard of "just in time" deliver, I know some people were already calling it "late" delivery. :-)

[@interstellarsurfer]

Little did we know, it would be all the industries at once. 🤷‍♂️

[@Hotspur37]

and this all came about because some bright bulb with a degree in economics but no real world experince decide a company could cut cost by not stocking anything till it was needed

[@johnj3577]

@@Hotspur37 Yep I work for a company who have consistently forced us to reduce stock levels of electronic components year after year for the last decade despite us pleading with them that it was a recipe for disaster should something go wrong. Delivery times from the far east were already 16 weeks when everything was ok. Did they listen to us? No. What's happened now? Our sales have plummeted despite demand being high because we can't get components. Now they are telling us to reduce our wage bill (fire people) "because you don't have sales", and apparently that's our fault too. Idiots with a textbook are dangerous.

[@hepthegreat4005]

Just in time is also used to schedule retail workers.., it's hell. Basically most of those jobs don't give you enough hours so you need two jobs, so add just in time scheduling to that and you have to scramble to fix the schedule yourself by begging for people to take shifts or give shifts, and then if you don't get enough hours to pay the bills you sit by the phone all of your free time praying for a phone call.... That's bullshit.

[@dougr550]

Happy to see it at least got a mention that one of the keys to TPS was the elimination of rework/getting it right the first time. More companies should pay attention to this!

[@williamjohn1374]

There might be an economical turmoil but there is no doubt that this is still the best time to invest.

[@dorissteve912]

Best time to invest? thats funny tho because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.

[@williamjohn1374]

you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos but now its a different ball game for me because I was lucky to have met "Tamara Diane Hagan", a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.

[@fredrickconte6270]

Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach Tamara ?

[@williamjohn1374]

search her name on the internet to reach her

[@Laura-Yu]

Shut up bot

[@cactusjack1943]

The quarterly report has become the bane of humanity.

[@edrcozonoking]

The millisecond price change and exchange of stocks and the executive payment through stocks has become the bane of humanity.

[@CaptRye]

"Sure, we destroyed the world(economically and physically). But for a brief time (25+ years so far) we made incredible gains for the shareholders."

[@blakereader6661]

We are living in the most prosperous time in human history

[@Npouliot]

@@CaptRye i imagine two guys next to a post apocalyptic burn barrel and one guy is saying, "i consistently had 17% returns for 12 years, Gary. 17%!" while a rat runs away with their last piece of bread.

[@randomdude8877]

@@blakereader6661 But it remains to be seen for how long we can keep this up. The US and other countries took huge new debts and are printing money like crazy, which in turn will raise the inflation rate. And there are always talks about the bubble on the stock market that could burst any minute. A lot of uncertainties for the future. Lets hope they dont mess it up, i love my lifestyle and dont like to give it up lol

[@pamelaneibuhr6959]

One thing covid taught me, there is a lot I can live without. Want v need.

[@rogerc23]

Politicians, media, gov't, etc.

[@Satyaprakash81102]

This comment deserves more likes. Surprisingly, not enough have liked this most basic truth of modern human society.

[@jeremycloutier7031]

FINALLY!!!! SOMEONE ELSE GETS THE POINT! SERIOUSLY, THANK YOU!!!

[@VIKDR1]

This is a basic part of capitalism even though most people don't understand it.

[@soberanisfam1323]

No spending = no jobs. Your frugality is costing jobs

[@johannmueller9660]

WOW.... As a young engineer in collage, I remember learning all about JIT production... Now I can understand how things can go right, and go wrong.

[@dennismusch1623]

an engineer that can't spell college.. boy we are in trouble.

[@johannmueller9660]

@@dennismusch1623 Yeah... embarrassing. It's not like Engineers have EVER made a mistake... at least it was just a typo and not a Billion Dollar Project. XD

[@brianhillis3701]

A similar argument can be made about building maintenance and energy production. False profitability calculations being used to justify getting rid of maintenance staff or cleaning staff in favor of contractors with no vested interest in the company. Contractors often profit by ignoring a problem they recognize but aren't responsible for to increase costs.

[@martinparmer]

I was a Materials and Demand manager for more than 30 years. When the JIT concept took over, the only thing my bosses would ever consider is practically zero safety stock regardless of demand fluctuation nor vendor/materials reliability. At the same time, they required perfect shipping on time. I spend my whole career in this pressure cooker. I wouldn't wish it on my worse enemy. I knew JIT was the reason behind the shortages as soon as they started happening.

[@lat1419]

Same here, I used to work for a major food retailer, from 1980s. It destroys farmers and farming. It destroys staff. It destroys the environment, and clogs roads too with lorries taking food to single distribution centres to then be taken across the country.

[@1Afattybombatty]

LIES

[@1Afattybombatty]

Every conspiracy post EVER : some guy saying he did some job and now he does not...just leaves comment on YT....smell the BS people..look thru the lines here. Martin was not a M and D manager for 30 years...he;s a fat kid in Toledo eating Cheetos and living in the basement. SMH kid

[@z-beeblebrox]

@@1Afattybombatty That's a decent rule of thumb I guess, but JIT's failings are not a conspiracy. Its negative impact on workers and infrastructure, and its fragility to market instability, is not only well-documented but is very clearly the cause of the current supply shortages that are empirically happening. In fact, it's so well understood that people who recognized what was happening were able to predict this effect at the very start of the pandemic. And you don't need to trust anyone's world to confirm this information, the raw data is available, sourced, and verifiable. Also, why would a kid have the pfp of a 50 year old guy hiking? Or lie about being in M&D? Hell, would even know that's a *job?* There's a guy in another thread blithering about how mass market bread has nutrients with the wrong electron count. Go after him

[@najaradio645]

You're 100% correct.

[@Jozabad]

17:27 "A ruthless pursuit of short-term profit at the expense of long-term gain" That's it right there.

[@youferrer]

Blame the Republicans and Clinton Dems on this. Their polices stressed short term over long. If a CEO was to take a long term view, he'll soon be replaced. The reason is that they tied retirement to stocks, so pension funds and individual investors just look at quarterly returns. Wall Street, which manages said funds, are compensated on those results, and so on. So the funds control the board, they construct the comp package, and the package is tied to short term stock results.

[@hobbyoftheday4017]

I read this comment as he said it

[@MrJm323]

@@youferrer But, now, the Commie Dems are controlling everything, .....I'm sure life is going to improve for everyone!

[@hotpuppy1]

@@MrJm323 While the Republicans cut your pay and fill their own pockets.

[@dishsultan]

This is the best video that I have seen on this channel. Excellent, in depth, and understandable explanations. Thanks!

[@UglyNTRBastard]

This might be your best video yet, it's definitely the one I feel the most personal passion in.

[@lf3boss]

I can’t believe he led with a seemingly obscure explanation of the boba supply chain back to Taiwan but then didn’t revisit the Taiwanese connection to semiconductor production dominance at the end of the video

[@TheTechiemoses]

It's cause it was about shifting blame from 'morbid greed" or "business efficiency" to happy logistic accidents. Like we shouldn't be grabbing pitchforks, cause we gotta understand. It's easy. You see the trash with everything screaming. You see the ones building and creating. Not the same. Took 17 minutes to finally point the problem out.

[@pbj4184]

@@TheTechiemoses What the hell are you saying?

[@mrplop38]

@@pbj4184 I agree lol

[@loganbenner1846]

@@pbj4184 there is a balance to understanding the truth

[@xsusg8924]

RIGHT?!?! I was thinking the exact same thing... 🙄

[@alpham777]

Told a dock manager one time a few years ago. “ You know one day you fellas are gonna regret this whole just in time scheduling thing” he berated me saying I don’t know what I’m talking about and just to drive my truck. Now he and most his staff are unemployed and I’ve got a very target rich environment of loads to pick and choose from. Guess I won that round.

[@Bob_Shy_132]

Sometimes patience is beneficial.

[@jayoscran27]

The truth is you were both half right

[@actionjackson9121]

you won the battle, but lost the war...remember that

[@GamerDadTV]

I have enjoyed your videos, but this one was exceptional, and you explained a complex problem, about a multifaceted system, in such a straight forward way. Thank you. :)

[@jamesjohnston547]

Beautifully put together. Well done !

[@saims.2402]

I was waiting for my favourite logistical specialist to tell me what’s going on in the logistical world.

[@TheTechiemoses]

It was morbid greed the whole time. Everything in this shortage come down to "efficiency" aka morbid greed. Cut here, reduce here, layoffs there and bump then crash. Cause of greeeeeeeeed!!!!!!

[@lawjef]

They are amateurs who struggle with basic finance and economic concepts. Grab a textbook before relying on this ad generating algorithm. Seriously, it's entertaining but not at all reliable

[@lawjef]

@@TheTechiemoses yes if only greedy consumers didn't prefer cheaper goods we wouldn't need these supply chains.

[@tyler1107]

@@TheTechiemoses Ig the problem is that you, as a company, can ill afford to not be greedy. If you aren’t greedy, you can’t have lower prices, if you can’t have lower prices, someone else will and you won’t have a company anymore, therefore you can only exist if you do this. It can be called a flaw in capitalism, but it’s really just a flaw with any large scale production. Since everything is necessarily large scale, no matter what system you choose, so long as it contains large scale and complex goods manufacturing, it’ll have this issue.

[@danpop1235]

@@rashid8646 your right but that means is caused by presvese instevestevies in the system it's self which is a problem just one that's a lot harder to fix.

[@marcusnichols5595]

"Just in case" morphed into "Just in time", now we are facing "Just too late"

[@TheTechiemoses]

Morbid greed or logistic Efficiency, different words same meanings. Cut their, save here, layoff there, and after trimming the fat they had no padding. Now we gotta bail them out? Now we gotta give em empathy and understand?

[@gumnaamaadmi007]

To be followed by ‘too little, too late’

[@theeutecticpoint]

Oooh snap!

[@walterbrunswick]

@@gumnaamaadmi007 to be followed by "Just the end"

[@sirmount2636]

@@TheTechiemoses We already bailed them out. The pharmaceutical corporations received billions to manufacture & sell the vaccine.

[@mrkleinig]

This was so good. Thanks for all the effort and the clear explanation! Taught me a lot.

[@iCQ_www.SPCL.tk_]

Very nice channel, the videos these people share are amongst the best and most well put together. Thank you again wendover team! ❤️💕💓

[@bufonrox]

Studied Toyota's supply chain for a month this semester at university. Amazing how well they learned in 2011 to prevent (minimize) disruption down the road.

[@disunityholychaos7523]

what type of class is that business management? financials? (highschool new upcoming graduate here, trying to know the world better)

[@bufonrox]

@@disunityholychaos7523 Supply Chain management. Huge career opportunities in it, if you want to learn more of what it entails is lean six sigma certifications. Most business schools have a supply chain management major. I study Management Information Systems that touches on those topics too, but not in as much detail

[@disunityholychaos7523]

@@bufonrox Cool TIL, thanks for letting me know cheers!

[@aubryscully6541]

Current supply chain management major here. Feel free to PM me if you have any questions about the field or want to chat on the topic!

[@alainarchambault2331]

Great, you guys are studying it yet we still get caught with our pants down. Guess the only way to fix a problem is when it comes up and smacks you in the face.

[@nothandybutcheap2086]

I’m a truck driver I’ve known this for awhile I tell everyone but but until you can’t get your bubble tea it’s not real lol most supply chains are very tight I see it everyday when customers are calling saying their line will shut down if I’m not there

[@nanszoo3092]

I used to run logistics and this is SOOOO True. People would take 3 weeks to decide to purchase a piece of large equipment then want it in 3 days across the country. and then complain about the shipping cost

[@mememaster147]

It seems similar to what happened to US food production at the start of lockdown. The food was there in the fields and the number of consumers was the same but there was no flexibility in the supply chain to divert food destined for the restaurant industry into retail.

[@virutech32]

@@nanszoo3092 what? people who sacrifice long term stability for unsustainable shor-term gains don't plan ahead & expect instant gratification? say it aint so

[@Uaarkson]

Every truck driver I know is smart as fuck.

[@sarahdee374]

I mean how did we survive without the exact same boba tea that we're used to? spoiled af, aren't we?

[@elpana3752]

Thanks for your work! Explained everything in detail.

[@maximiliankegley-oyola928]

Stunned at the quality of your video essay! Great job!

[@PAO_WAO]

Thanks for this, I run a boba shop in Texas and now I can show customers this video instead of trying to explain why we lack ingredients and supplies.

[@madensmith7014]

I just wanted some tapioca now I learned something about Toyota Fuck I'm late for work

[@nineteendelta770]

Where is your boba shop?

[@Just_Call_Me_Tim]

"shortage of truck drivers in the US..." Yeah, working in that exact industry I can say there are more trucks on the road today than what was there 6 years ago, and the quality of driver and driver's ability has plummeted. I can also tell you that the increase in shipping costs aren't making their way to the driver. It's, as usual, "getting used up somewhere along the way".

[@LIZZIE-lizzie]

I comment somewhat same from the East Coast. Truckers transporting goods overload the highways. One friend shook his head and said, "There's so much money to be made in trucking." The East Coast is alive with import exports coming in on cargo ships, trains, and big wheelers.

[@matthewsmith9439]

I work for a big name shipping company and we are having finding people to work in general, let alone drive trucks. The company is trying to innovate and offer more incentives to come to work, but it's still not enough right now. I don't remember seeing a shortage of labor like this in the 12 years that I've worked there.

[@coastalgaming1594]

@@matthewsmith9439 Biden is paying them to stay home with the extra $300 a week in unemployment payments on top of what you would normally get. Many leaders have pleaded him to stop but he won't. You haven't seen the creepy whispering he did last week? He told you right there what he is intentionally doing, he is forcing business to pay workers more. He is destroying our economy.

[@doctorpc4x4]

I think is is called companies maximizing their profits

[@hangedman821]

It's all deliberate....is the real answer. The old normal is being dismantled in front of our eyes under the guise of the kung flu. There's a new normal coming.....they keep telling us....it's just no one is listening.

[@williamhahs1586]

Thanks for this video. Been trying to explain this to people but this video does a much better job than I ever could

[@erickmejia1643]

I cant believe you made a video on buisness and manufactering, that I actually found interesting and watched to the end. Good job man that's a sub from me.

[@matthewchristovich]

So, literally, everyone operating on short-term just-in-time delivery models compounded in every direction to ensure that the steady flow previously maintained and economies of scale previously enjoyed are now, themselves, liabilities.

[@ndrose]

jIT. Ah yes. It was always on the edge of disaster but US companies followed the Japanese model even though the US doesn’t have the same power & control over the industry

[@BW-fe8dq]

Something that I find ironic is that this model of continual flow manufacturing, where products are made and shipped in as small of a batch a possible to better facilitate quality and the economics of business, is a pretty new concept. Like, within the last 20 years or so new. It has existed before, but only got pushed recently over the previous style of batch manufacturing. I gotta wonder how much of this shortage-demic was due to a newer style of business that relys on a prefect functioning system to work.

[@insiainutorrt259]

liability for you.... advantage for who?.... figure out how the world works already...........

[@zdenekbenedikt9900]

@@BW-fe8dq o9ooo9lo

[@50733Blabla1337]

@@insiainutorrt259 ?

[@egeyamak394]

I don't call these videos, I call them "procrastinator logistical support"

[@haniminator6938]

Türk 🙀

[@TheCaptainMan]

😅🤣😅🤣😅, this is way too accurate

[@USSAnimeNCC-]

Nice XD

[@rjv_mntn]

I second it

[@kugelblitz1557]

@CrazyMiles Being devout is one thing; that's good. But that doesn't mean that you have to push your beliefs on everyone at once. Let them have their beliefs, pushing is never the way to go when you want to change someone's beliefs; better to explain your own in a conversation with a smaller group of people where everyone can express their opinion properly and understand the others without getting too angry.

[@edgetowntx7151]

I've learned so much about supply chains, the work force and human nature. Thank you, Wendover Productions

[@wolf58th21]

This was amazing!!!!! Thanks for the opinions facts and knowledge!

[@scottmartin5990]

The "two ports" of Los Angeles and Long Beach are actually adjacent to one other and effectively operate as a single port complex -- even more of a bottleneck.

[@ernststravoblofeld]

It's actually Port of San Pedro, not Port of Los Angeles. People used the name Port of Los Angeles to refer to both Longbeach and San Pedro to simplify letters of credit when boats showed up at the wrong one.

[@MoonFairy929]

I was really trying to figure out where Port of LA was… lol. Thanks.

[@lrdxgm]

@@ernststravoblofeld If "by people" you also include the city of Los Angeles, then you are correct, but I don't think you meant that. San Pedro is part of LA. Saying the port is not in LA is like saying Wall Street is not in New York, but in Manhattan.

[@joshvelazquez8706]

i didnt know they were that close, i live in long beach, and i thought the port of LA was a completely different facility, thanks!

[@Saiga12308]

@@lrdxgm he didn't say it's not in LA, he just said that "port of Los Angeles" isn't it's name.

[@AzulejoX100pre]

This is just so cool. I just started working at a Toyota Plant and everything mentioned on this video is thoroughly taught to every team member and reflected throughout the plant with logos and billboards. Keep pumping quality videos Wendover!

[@2WhiteAndNerdy]

I worked at a Toyota plant too and did a lot of cross campus JIT deliveries. Their level of efficiency is just mind boggling. Hectic as hell for us assembly workers but darn impressive to witness from a business perspective.

[@76MUTiger]

Awesome feedback! The workable system (JIT) is known and learnable. Many people know it. US manufacturing leaders who don't understand this should get their MBA tuition reimbursed and then they should get fired for failing to learn what was so imminently learnable. They exposed their organizations to devastating risk through their own negligence.

[@2WhiteAndNerdy]

@@76MUTiger Nailed it. Beautifully said.

[@coltonbucholz6278]

I work for a company that tried the just in time principal. They called it lean manufacturing. They were the largest employer in the northwestern Pennsylvania region. Almost 2,000 people just on the shop floor. Now, we are down to 80 people. They failed miserably implementing it. You said it perfectly. We mass produced parts that we needed to have in stock to stay afloat. Because they did away with inventory, we went under.

[@eric.ryan.easton]

6:01 Was not expecting to see my hometown in this video. I'm so glad we've all cleaned up so much debris in the past year, it almost looks halfway normal now.

[@brandonholmes8485]

This is your greatest video so far. I am an economics professor and you have just summarized in 20 minutes what it would take months for students to learn in the classroom.

[@Sarafimm2]

And smashing the place up and/or burning it down doesn't help either.

[@mclovin9151]

I'm glad I am not taking your econ class then. Covid is not directly the only thing responisble for these shortages. Everyone blames everything on Covid. I bought a fridge the other day and they didn't install it correctly bc "COVID" it is truly dumb

[@mclovin9151]

someones comment was deleted so ill ad what i can see of it "filmolosophy replied: He doesn't go into ANY detail as to why there's a trucker or worker shortage though. Horrible government policy paying people MORE money to sit at home unemployed is the origin for all of..." and there it is. Policy makers created this economic crisis/shortage. Very true in my opinion. People wanted to still work, until they were paid more to do nothing and what do ya know...we got a shortage of workers and therefore supply chain issues. Of course...that is not the entire reason. But this video completely ignores that and goes into minor detail over "not enough ports open for ships, not enough workers to fulfill orders" the economy could have still been moving if people weren't incentivised to stay home. This is evident when you go to your local fast food resturant and see the sign "We are not open during normal hours because no one wants to work for $10/hour when they could get $700/week from unemplyoment"

[@noelburke6224]

Bullshit their are only bad teachers not bad students

[@karensagal8230]

@@mclovin9151 They could pay people a better minimum wage as they do in some European countries, a livable minimum wage.

[@ouch1011]

Just in time manufacturing sounds pretty much like the corporate equivalent of having your rent payment due on the same day you get paid, with absolutely zero money in your bank account. Works fine…until your paycheck is late/short.

[@InventorZahran]

And then when your house's owner doesn't get their rent check, they are now without income for the month...

[@triadwarfare]

Strange. My paycheck is never late. Any employer that delays paychecks is not a reputable one. However, there are times that I can't withdraw money thanks to ATM issues.

[@rkan2]

Same way the whole economy works.. No economic growth / no-one is taking out loans = crash.

[@thelordjesus1136]

#JESUS FIRSTt Jesus Is Love And The Way And Truth And Life And The Only Way To Be Saved Through The Creator Of All Things To Jesus Be The Glory

[@hlltwin]

Actually, that's the interpretation that most companies had, but if you listen to the video, that's not how it's supposed to work. It's not a complete lack of inventory (or in the case of your example: cash in the bank), it's a lack of excess inventory - unneeded inventory that just takes up space. So instead of living paycheck to paycheck with an otherwise empty bank account, you have a cushion of money (maybe enough to pay your rent for one month, maybe more), just in case you have something go wrong and your paycheck doesn't cover your rent one month.

[@scmartin6781]

The truck driver shortage mentioned is NOT just a market phenomenon. The state of California passed the "anti Uber" law that inadvertently impacted independent truck drivers that move products from the ports in Los Angles and Long Beach to huge warehouses around Los Angles, which move from there to customers throughout America. Roughly 80,000 truck drivers were made ineligible to work in California almost overnight. A new emissions law passed at the same time required these independent drivers to spend upwards of $30,000 to comply with the new law. This caused a mass exodus of trucking resources to leave the state, holding the entire country hostage. Many of the container ships can be re-routed through the new Panama Canal expansion, but some of the largest container ships still must unload in California.

[@oniemployee3437]

I work at a place that sells boats and boat parts, from a small computer chip to the boat itself, and we're seeing a lot of shortages. Engines and special parts mostly. Some orders have been in our backlog since August and we're still waiting on 1 or 2 parts to complete it, but it just won't arrive! It's been so bad that even my daily work forces me to be lazy and do little lest I have nothing else to do at the end of the day, so yeah- I feel the issues.

[@Locut0s]

I work at a paint store. We are seeing massive shortages of paint because of the winter storm in Texas back in February destroying many of the factories that produce the resins that go into a large percentage of the world’s top coatings. That storm I believe was considered a once in a hundred year event so the power grid and factories were never designed with it in mind. Honestly though a hundred years most definitely should be within the planning horizon of any city or engineer of any large facility. 100 year events are actually pretty common when you realize that no 2 events have any kind of predictable start and end points and that you will have to plan for multiple such events in the construction of any large facility. Snow storms, floods, solar flares, hurricane etc are all dangers to power grids for example and most certainly should be planned for and are likely to be seen much soon than 100 years when all of them are taken into account. Just like mentioned here, major disruption is inevitable and not planning for it can’t be an excuse.

[@RobertPrestley]

Yep. A 100-year event just means that there's a 1% chance of the event occurring in any one year. And given the level of impact, I think even a 1% chance is worth preparing for. Not to mention that in a rapidly changing climate, those 100 year events are going to happen with shorter return frequencies.

[@bigjohn6405]

but seems no one wants to pay to build infrastructure for those events, most people want a low electric bll

[@Vmaxfodder]

The iodine comes from middle of Oklahoma! 80% of production! It not in Texas!

[@alw2839]

@@Vmaxfodder Texas gotta maje it about themselves.

[@Luipaard005]

Governor Abbott signed a law to winterize our power grid and the power companies screamed and cried and wailed and threw a lot of tantrums, and our power grid is still not winterized. And the Governor and Lt. Governor are not willing to start arresting these screaming infants that pass themselves off as CEOs to force them to obey the law.

[@jdawg1835]

I live near Long Beach and can verify that to this day there are 50+ ships sitting in the water just off the coast at all times. They're just waiting in a big queue.

[@inter5123]

Maybe we should begin the opening of new ports. It seems that we are bottle necking imports but as the video pointed out. That is only one part of the problem.

[@303TAG303]

@@welshie2007 too bad they don't have job guarantees or accessible training

[@bruce-le-smith]

meanwhile Bezos, Branson, Musk, etc. are wasting time on a personal space race instead of collaboratively building temporary docks, a system to redistribute shipping containers, etc. like they would've in WWII

[@nikkischlep8288]

Wow! Maybe instead of silly political barking, media could discuss actual current events.

[@maplenook]

Why

[@diontaedaughtry974]

Thank you this was very helpful and informative 👍👍

[@samyoung6516]

Dude who are you and how do you have the discipline to aggregate and then clearly present so much knowledge? I love your videos and have learned so much. Your topics are always on point. Thank you.

[@tylermcfadden9237]

So basically this is all started with Toyota and “just in time”, however, “just in time” was poorly copied and implemented by other companies elsewhere.

[@rafaelvazquez7465]

American companies tend to do things just to check the box. So a lot of corporations want to say they do things like Toyota but don't want to actually take the time to teach employees what that actually means (because that would be on the companies dime)

[@hamstirrer6882]

It all boils down to prioritising short term gains (profit for shareholders) at the expense of long term efficiency, just like everything else with the state of the world. Eat the rich

[@corvus8000]

@@rafaelvazquez7465 So true, my father once worked as a sales manager for a company that made high impact plastic boxes and they insisted he educate himself on lean production and just-in-time systems on his own time, Thing is, the overall logistics of making high impact plastic boxes is pretty straightforward, your ingredients are just the raw plastic you form into the boxes and simple metal hinges and screws for the lids plus all orders are negotiated well in advance and in large quantities so its all a basic production line setup. So it was all a total waste of time, they just wanted to check that box on their project tables and make sure their execs and sales people would be able to sound trendy and authoritative when talking to customers and competitors at industry events.

[@shadmanhasan4205]

All I saw in this video was Darwin's Law for natural calamity... and the few companies like Toyota have adapted quickly to the "waves" and just 'surfed' on it... rather than running away or hiding from it... which is naturally Humane, but also *HUMANLY STUPID LONGTERM* 🙁😑🥱

[@ryancartiers9500]

the 2nd have of your comment is correct

[@RabidPrairieDog]

I can attest to the shortage of truck drivers. This has been a problem for over 5 years now. My friend's family runs a trucking business. The business is one of the most poorly-run businesses I have ever seen. They were on the brink of going out of business when the truck driver shortage happened. Now, even large companies such as Target and Gap are willing to put up with their tardiness and crap that would shut down an adequately-run business just to get their products shipped. This business once "forgot" a shipment for Forever 21 and missed the sale for Black Friday... Also, Walmart has been ramping up hiring truck drivers for awhile now. They have these semi-annual hiring sessions in the large parking lot in my city where they test you right then and there. Starting salary is over $90k.

[@Noobalator]

They still hold pretty strong on their years required, but they're one of the best trucking companies out there.

[@MeTalkPrettyOneDay]

This is why I will always fight Lean Six Sigma purists. It makes me so mad when they come in obsessed with efficiency (cutting inventory and people) and also try and force six sigma methodologies on regular employees who have neither the time nor support for it. Granted there are some good tools in there, but you have to make a customized system for your company and implement it from the top down.

[@millicentduke6652]

I can’t believe I remembered this much about JIT manufacturing and the Toyota Production System. I read that book as a teenager more than a decade ago.

[@rabidmonkys]

The Toyota concept is known as “LEAN” in the industry, almost every company I work with is trying to replicate/implement it in their production

[@Marinealver]

More with Less becomes Everything with Nothing

[@xXxSkyViperxXx]

at college, this is what they taught us too but i never learned it in simple words as sam made it out to be lol

[@shauncalton815]

Yup, despite the fact that producing automobiles is nothing like producing Food goods or much else. Basically, every company that operates like this has almost every essential position performing the work of what should be 2 other employees along with their own work. No one in charge knows what they do or how they do it. These companies also typically have way too many high level managers, directors, vice presidents and C-Level employees that don't contribute much. LEAN right? These same companies probably had this toxic leadership element working from home throughout the entire COVID pandemic relying on the "Essential" employees to drive on and earn their bonuses for them. Now everything has to go back to the way things were because "Reasons". It's going to get worse, much worse with the coming inflation as well.

[@akuhei032]

@@shauncalton815 Best comment. I agree completely.

[@khoichau8316]

And failing miserably in regards to doing it properly

[@marksmith6104]

It just highlights how these giant Corporations have so taken for granted their 3rd tier suppliers with JIT delivery that was never truly pressure tested for any major disruptions. Now these quarterly results, ROS-driven millionaires have $1,000 bills waiting on $0.10 cent parts sourced halfway across the globe with +12-18 month critical component lead times. Fantastic and costly debacle.

[@Tuppoo94]

In the future, many books will be written about the failures that occurred during this pandemic.

[@nc4tn]

The chip suppliers today are telling Ford, GM, and C-F to go eff themselves.

[@thelordjesus1136]

#JESUS FIRSTt Jesus Is Love And The Way And Truth And Life And The Only Way To Be Saved Through The Creator Of All Things To Jesus Be The Glory

[@cattysplat]

@@nc4tn Need more silicon to mine Dogecoin.

[@BradyPostma]

14:18 - This thesis sentence is fantastic! The supporting argument begins at 13:37. Toyota's imitators "ignored huge swaths of the Toyota way, and created a system that's less effective and less resilient but can impress shareholders through short-term savings. How Toyota has effectively implemented the system fills books, but many are just reading the covers."

[@MdlAgedHeadbanger]

This sums up so many issues in corporate America. Companies are not fully embracing the whole of a philosophy or method. I used to work for a large company that was trying to improve it's culture and move away from old work place design and work habits. They looked to Google and cherry picked what they liked and applied it to what the existing method. It didn't work. The entire system was thrown into chaos and the enhanced teamwork they anticipated fizzled out almost immediately.

[@jakobrosenqvist4691]

Where I work we try to keep as much inventory as we can get away with. Spare parts for everything and spare parts for the spare parts, and as much consumables as we can fit in our storage, preferably all the time.

[@unknownzewolf7405]

In the words of the Division trailer: “System is built on a global supply chain, that gets things where there needed ‘just in time’....created a house of cards. Remove just one and everything falls apart”

[@terrydaktyllus1320]

Erm, I'm not sure how to break this to you but "The Division", right? It's just a computer game, it has nothing to do with real life.

[@legalfictionnaturalfact3969]

Terry, ever heard the phrase art imitates life? You sound like a douche. LOL

[@unknownzewolf7405]

@@terrydaktyllus1320 I know, but I meant to like reference how they talked about the supply chain in that game. I’m not referring to the actual pandemic in the division

[@KB-ke3fi]

Mainly it was the arctic freeze that happened in Texas for a week. It affected everything.

[@deedewald1707]

As demand increased for parts made in Japan and China too !

[@elliotspencer2648]

I work in retail and see a lot of shortages mainly due to managerial incompetance.

[@samarpaudyal6654]

That’s true. And you can’t put some orders according to your choice. They will send what they want to.

[@theinitiate110]

Yup, I work for a small company that manufactures most of its own items. We constantly have issues with inventory because the production manager doesn't have the skills to analyze production data to keep shortages from happening. What's most frustrating is she refuses to educate herself on new systems/ways of doing things that could help eliminate shortages.

[@brandonholmes8485]

@toijg avnnr but it is the shortages that hurt the customers in the end. The government needs to mandate a level of inventory of key supply component inventory at all times for issues like this.

[@mickncdower2104]

Best answer here

[@clydesmith8285]

Exactly!

[@vbitatule]

Outside of the Toyota commercial, it's very clear explanation of what's going on and the cascading events. Many thanks.

[@jayvidhun6988]

What a fantastic video. Thank you!

[@CritterLizard]

"Flawed implementation of the system." This is my life. Every day. Toyota's culture allows for continuous improvement over time, and allows for employee input on those improvements. This is a very flexible system called Kaizen. Working for a company that implemented Kaizen effectively and moving on to one that doesn't at all ... is very, very frustrating.

[@solstice2318]

That wasn't very kaizen thinking, moving to another company. 😜

[@jbazinga2385]

No kidding...I work at Intel where some of the factories I've worked in have tried to adopt some of the principles of Kaizen. It doesn't work if you adopt only some - you have to go all in or you end up just getting frustrated that your suggestions are ignored.

[@cupofgreentea]

Same goes with the company im currently working for. Coworkers have been discussing the kaizen principle but management doesnt want to listen..

[@GeneralChangOfDanang]

My employer only implemented the just in time aspect of lean. Without any of the other practices, we are constantly short on parts. Even when there isn't a pandemic.

[@omega91006]

@@GeneralChangOfDanang Then just blame it on the buyer and planner, right? That's why there are always job openings on them.

[@greenhood69]

The “proliferation of scarcity” might be more accurately worded as “perceived scarcity”.... because they aren’t scarce... just mismanaged in many areas of supply chain.

[@Magicbean2727]

It's a bit of both imo.

[@jmackinjersey1]

If the products are not on the shelves, then it is reality, and scarcity.

[@buckwheat7424]

we're gonna find out pretty soon how your hypothesis stands out. water, even though the world is covered in it, is on the verge a change in matter, it's gonna snowball so fast, it's already started, but guess what? no matter how rich anyone may be, when a specific time clicks past, our role will vanish as the rest of things do. extinction. what is pretty cool is we reached the end of an age, in knowledge (that wont help much,) but it's been pretty cool, compared to some that lived even 100 yrs ago. antibiotics and health care are going to round us all up at once, instead of 1/2 populations die offs that would have maybe allowed this train some more track to roll on.

[@zemi2750]

@@buckwheat7424 If profound scientific breakthroughs/advances buy us/the planet some time, then there's hope until the next breaktrough and so forth and if we make it just in time for Transhumanism or should I say: Transcendance. Then we averted catastrophy... it's a long shot, but duable in theory. This generation doesn't give us much hope, but there's always that high IQ person (a Biological certainty) that will lead ahead and leap us forwards, even though surrounded by a mass of ignorance as it always have been; a few buying us time. When it comes to water, well that jury still out since we moved a bit on desalination process. Overpopulation is quite scary indeed, but we all eventually die. Numbers are in our favor now since this generation doesn't want kids or can't afford them (for us in the west), but of course that's another topic entirely.

[@homermtz]

@Sam Ling indeed and im not taking the vaccine

[@bleuberry9636]

Excellent video - very well done.

[@christopherspeer168]

Titanic’s design wasn’t flawed - it was pretty well designed, so much so that people became overconfident claiming it was unsinkable.

[@drevilatwork]

There is no shortage of truck drivers. Never was ...there is a shortage of truck drivers that work for 2000$ a month

[@aru-YT]

My dad is a truck driver and gets $24,000-fluctuating a week including businesses, hauls lumber & palettes and more, he's a really good businessman. Needless to say, sitting on your ass for countless hours driving is tiring, even truck drivers working for the Union/Film industry got $3,000 a week. Pretty sure this applies to most jobs; people shouldn't be paid so little, especially because inflation over the years has already taken place and the wage barely goes up. Used to work in the Union until film industry in florida died and Scott doesn’t want to sign the bill.

[@nolearystream]

What are you talking about? Who wouldn't want to do long, tiring hours for a wage that can't even pay their rent??? Choosy beggars if you ask me.

[@waynes9275]

slave wages for most in trucking. I am happy with my pay by the HR driving job. never go back to pay by the mile.

[@SovereignTroll]

Transportation will migrate to AI with zero accidents, ultimate efficiency and no more texting, stupid aggression and gridlock.

[@oscarcazarez2227]

This is how capitalism works, it sets a value on your time, etc. Communism is ran by the workers for the actual people not the 1%

[@MohammedMuaawia]

"You can't blame the fact that your house is sinking on the fact that you built it on the ocean" Sam, The nation of the Maldives would like a word...

[@sil8127]

I read this comment at the exact time he said it in the video. freaky

[@ZimbolicalMayhem]

That's why we keep building it upwards until a tower of Babel situation happens

[@shadowkillz9606]

Maldives: "You're right, we are sinking, F in the chat bois"

[@Chizypuff]

@@sil8127 I read your comment right after hearing the previous comment in the video

[@user-nh5xn8yf1b]

That reminds me of Wendover’s video on Marshall Islands

[@moldypotatochip]

I used to work at a Toyota supplier (not Toyota but a manufacturer who used their methods) in the US and they determined they would never be fully automated because the cost of machine maintenance would be higher than just paying people. They had people pushing the factory buttons, checking for defects, and doing rework, but they had machines doing the assembly.

[@phox1515]

As a trucker I just wanted to say there's no shortage of truck drivers, only a shortage of drivers willing to work for garbage pay. We're tired of working for the equivalent of less than federal min wage so a lot are quitting but I assure you that there are plenty of drivers still driving.

[@thomasbrown7728]

YEP,, I quit 2007, worst job I ever had.

[@phox1515]

@@thomasbrown7728 I have done worse. I once worked for one of those companies that calls you to do (mostly political) surveys. I have also been a movie theater usher (wasn't a bad job but not something I'd do again), numerous call center customer service jobs. Trucking has been my best fit for pay and job enjoyment but we're definitely way underpaid considering the time away from home and actual hours worked (big brother only knows about the 70 clock, but not what we do off duty) plus the stress and horrible health conditions (sitting all day, very little time to exercise, etc).

[@maritimemisfits3360]

US drivers get a shitty stick, especially long haul.

[@bluemm2852]

This is why you need a secure southern border.

[@MichaelGGarry]

@@bluemm2852 You know that most illegal immigration into the USA doesn't actually come through the southern border right? That you are just repeating nonsense that has long been debunked? Also that when the USA was at its strongest and paying decent wages the border was wide open and people crossed all the time. Its almost like you are aiming at the wrong enemy here.....

[@deldarel]

"It's a philosophy, not an equation" is such a great way to also get to the meat of the difference between Japanese and American businesses

[@mohnnadmercedes8246]

All US business men want any profit in the next 24h ,, while wise business men thinking about long term,, in general US people has very short term memory

[@MudakTheMultiplier]

Having worked in an American based japanese country let me tell you there is *so* much more different between our work philosophys it's crazy.

[@lynx2]

@@MudakTheMultiplier Would you care to elaborate? I find this very interesting

[@candylove49]

@@lynx2 me too

[@Naveen-iu7ej]

.

[@nkg___5172]

5:10, my dads a truck driver and based on the stories of how his company treats its workers I’m not surprised there aren’t enough people wanting to be truck drivers

[@Max0r847]

Welcome to capitalism :D

[@jonnykrivan6840]

I would disagree with the statement “all over the world there is a proliferation of scarcity- “ I would say there is a proliferation of over consumption .

[@GammaCatch]

"Take the rope to the tree and lead the way with your last gasp".

[@5roundsrapid263]

Toyota saving up their chips reminds me of Ford getting a low-interest loan a year before the 2008 financial crisis. They had cash on hand, while all their competitors went bankrupt.

[@ginobenedetto4943]

@Judith Chambers they took a handout from the government under the guise of making more green cars. They were bailed out just like every other automotive company, they were just scumbags and didn’t own their L. Matter of fact, none of those automakers didn’t take their L. The tax payers bailed them out and they said screw you and moved the majority of their production out of the US.

[@thelordjesus1136]

#JESUS FIRSTt Jesus Is Love And The Way And Truth And Life And The Only Way To Be Saved Through The Creator Of All Things To Jesus Be The Glory

[@codywolfe1103]

The logistics channel is here to tell me about logistics problems. Perfection on a Tuesday

[@halweilbrenner9926]

Logistically logically liking LOL

[@filthybeava4367]

@@halweilbrenner9926 b

[@sanbruno3606]

PEACE BONANZA ABUNDANCE FREE THINKING

[@tthtlc]

A very good in-depth explanation of the many complex intertwined dependencies in the supply chain system.

[@Thryfte]

Great job on this video!

[@lou1958]

Our "just in time" inventory management in the age of global pandemics has now been proven to be our Achilles' heel.

[@sachiconza9406]

We need an automatic item sorter

[@cheaterman49]

@@sachiconza9406 We need a global, AI-driven resource-based economy. I for one welcome our AI overlords. :-)

[@catalindeluxus8545]

No, they didn't implement the system at all, they just got rid of all stock and called it "just in time" to please short-term stock owners.

[@mr7wi]

@@catalindeluxus8545 got it in one. They just pushed the costs of inventory storage to their suppliers.

[@MarkGraban]

It was never "just in time" when a company is shipping goods from China to North America. That's a complete bastardization of the Toyota concept, as this video states so clearly.

[@PrinceofPwnage]

Reminds me of that Tokyo Drift quote: "For want of a nail, the horseshoe was lost. For want of a horseshoe, the steed was lost. For want of a steed, the message was not delivered. For want of an undelivered message, the war was lost."

[@jasonnugent963]

Goes back to the 13th century: en.m.wikipedia.org/wiki/For_Want_of_a_Nail

[@robfenwitch7403]

@@jasonnugent963 Who would have guessed that Tokyo Drift went that far back 😉

[@Briguy288]

@@robfenwitch7403 Fast and the Furious 15: Medieval Time Warp

[@shawnwales696]

This is an old, old proverb, not a new quote from a screenplay. It's easy to find on Google, don't folks actually look up information anymore? We have access to it, why not spend a few seconds and avoid putting out incorrect information? I'd rather be slower and more precise than quick but erroreous.

[@PrinceofPwnage]

@@shawnwales696 nah, it's from the uncle in FnF TD

[@TheRavenofSin]

I feel like a more proper title would be "It is covid, BUT it's also because of this".

[@jodesm98]

If it's because of COVID, how come European countries don't see shortages or empty shelves in stores? All those countries are also rebooting their economies!

[@TheRavenofSin]

@@jodesm98 As he mentioned the shortages are caused by those industries being unable to handle disruption in their supply chain. It just happened that the distruption was caused by covid. While the fault is entirely due to being unprepared for such an event the fact of the matter is the event that caused it was the pandemic.

[@thehoneydeev]

@@TheRavenofSin I support your point

[@tank-eleven]

@@jodesm98 Yuropean here, I was actually wondering which shortages was the video talking about 😂

[@asj3419]

"Why There are Now So Many Shortages (It's Not _Only_ COVID)"

[@veggiet2009]

This is still a useful video after a year... It'd be cool to have an update with new specific examples from the last year

[@josephmigliorini1680]

There are plenty of truck drivers. What's happening is these middle man companies that book the deliveries are undercutting the drivers to make more profit for themselves. The drivers can't take the trips if the pay is so low. The shortages are growing because nothing is moving.

[@ArBrnJunk]

Right! There were trips I had to pay myself to move freight to get to another load just to make money. In 2018. I sold my truck the market was crap. Now I don't drive anymore.

[@largol33t1]

I EXPECTED that considering how many stories I hear over the years about how ugly truck company managers are. They all seem like fat pigs, screaming about costs of everything. They and Congress deserve pay cuts more than anyone else.

[@MrClassifide]

There's so many industries that have the capital to basically wait out the shortages as asset prices grow through regulatory capture or a higher capital investment. Meat and lumber are expensive and there's a "shortage" yet farmers and landowners don't get high prices for meat or lumber. The meat Packers and lumber mills can basically wait it out, and post record profits because who is going to build a sawmill? Or a meat packing plant?. If people are willing to buy meat or lumber at higher prices, why lower them? See, the cost of powdered milk never going down.

[@ArBrnJunk]

@@largol33t1 wait your saying that truckers need reduced wages? The companies that are moving freight are taking a huge hit. Owning and operating a truck is so expensive. Do it by yourself or as a large company they have huge amounts of money spent and have all the personnel to pay. The money it takes to ship goods isn’t near enough. We need more money for drivers to be willing to be gone so long. I lost my family over owning a truck because it wasn’t worth it. Too much time on road and stress on family financially and other issues. Trucks and drivers are expensive. Insurance etc as well. I know I used to drive. I had to get rid of my truck . Ruined my life. I’m trying to get back on my feet . That business is for people chasing a dollar and you can’t take it with you when your dead.

[@cheyanne919]

Greed.

[@jimmysgameclips]

Now I'm reminded of how absurd it often is that large companies get bailouts whilst smaller businesses are left by the wayside

[@kylehill3643]

Bailouts are technically illegal and nobody should be given a free ride!

[@MisterEC1]

The bailout money goes to share buybacks that reward company executives.

[@dbe_manny]

Cruise lines when taxes are due: 🇵🇦🇳🇴🇨🇱 Cruise lines when the US is giving out billions in bailouts: 🇺🇲🇺🇲🇺🇲

[@kylehill3643]

@@MisterEC1 Bailouts then are companies paying themselves more money? What the bloody hell happened to good old fashion capitalism where you lived or fell on your own success or failure?

[@lynnv8501]

@@kylehill3643 I'm no economist, but it seems like government is in bed with corporations and banks. The good Ole boys club? Freemasonry? Crony Capitalism?

[@Lmzip2]

Not mentioned is taxation of inventories. Inventory is considered an asset.

[@Jig_up]

“And online shopping was exploding” _Shows image of someone buying a red onion_ (3:19) No idea why that’s so funny to me, maybe just because I don’t typically think of red onions when I think of o line commerce, but whatever the case, I find it most funny indeed

[@advisingbob]

From Tapioca Pearls to rental cars in Alaska: "Parkour!"

[@OLBastholm]

Hardcore parkour!

[@e1123581321345589144]

to semiconductors

[@sanbruno3606]

PEACE PROSPERITY BONANZA ABUNDANCE FREE THINKING

[@Ceece20]

God damn that was a better explanation of fragility of supply chains than I could ever give to my friends who aren’t engineers. One guy tried blaming milk companies for farmers having to dump milk and I had to literally take him step by step in how milk is made and that it’s an extremely perishable product that is constantly being made regardless of if the manufacturer is ready or not.

[@jjbarajas5341]

How milk is made... a long exercise in microbiology? 🤔

[@Ceece20]

@@jjbarajas5341 well I mean how milk is processed after the cow part

[@yohoyoho13]

Sooooo....... are you going to explain to him how babies are made?

[@Ceece20]

@@yohoyoho13 well considering he has 2 demon children, I’m gonna skip that part.

[@albertawheat6832]

This comment is utterly milkable.😂🤣

[@Dejan357]

Very informative video!!! Thanks for all the effort in explaining a complex problem in simple terms. 13:20 - Janurary instead of January :D

[@rohanTam]

Also a lot of "you see"s

[@jenniferoertwig3314]

I also think the Evergiven ship that got stuck for so long, blocking ships ...as well as No Jab No Job are Major factors as well as all these reasons

[@cebukid70]

I've encountered many dumb-dumb self proclaimed "JIT/Toyota Production System/LEAN gurus" who take the philosophy as gospel, misapply it to the point where the company loses profits and LEAN becomes counterproductive...

[@aceman0000099]

Slap them

[@andrewdacosta3960]

When things run to the ground those individuals always find a way to jump ship and move on to the next target

[@cebukid70]

@@andrewdacosta3960 agreed. I've encountered these same idiots shitting all over a company, leaving and then getting recruited by the next victim

[@The1badgolfer]

that was gospel where I worked...

[@delphicdescant]

This is the problem with a lot of paradigms you read out of a textbook. Some dolt with their MBA will think that the pretty arrows going around in circles are a ritual for success.

[@kaufmed]

The way this guy speaks, I'm pretty sure we now have a shortage of commas.

[@trulevel]

x1.25 speed

[@JO-ly3hi]

True! But he would pronounce them Cohm-Ahhhs!

[@KhufuhK]

commas and vowels now in critical shortage

[@timh2356]

And. Critical. Pauses.

[@chuckgross6024]

Lol, slow it all the way down 😶

[@zachwise8703]

Never expected to see video clips of my hometown in Lake Charles, Louisiana, USA; we’ve had some of the roughest years in ‘20 and ‘21. Please take time to look up our historic devastating past few years.

[@GoodGolden]

I didn't hear the requirement for trucks at LA ports to have the latest emissions devices, so that left many truckers unable to pick up loads.

[@gawainthedane3314]

Polymatter: Makes a video about the shortage of semi conductors Sam: *Hold my stock footage*