The Value of Value Chains

Usually, the action at the American Economics Association’s annual meeting revolves around weighty pronouncements by […]

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Too Much Stuff

The U.S. distribution system is stuffed with stuff. Business inventories in April were up nearly […]

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The Cost of Slow

A few days ago, I chatted with a shipping executive who made a bold prediction. […]

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Stuck in the Mud

On the morning of March 23, a container ship called Ever Given ran aground in […]

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The Risks of China

“We have no choice but to follow the party,” a Chinese seafood entrepreneur told the […]

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Inflation Again

It used to be that inflation was just part of life: the 11% increase in […]

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