Disrupted Supply Chains & Hunger | Steven McClurg & Leah Wald
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“I think that what we are in right now is absolutely a food crisis.”
SHOW DESCRIPTION
Location: Zoom
Date: Monday 20th April
Company: Exponential Capital
Role: CIO & Portfolio Manager
The coronavirus has had a dramatic impact on many aspects of our lives. Lockdowns have been implemented around the world, wreaking havoc on global economies leading to extreme new monetary and fiscal policies.
In many countries, the curve appears to be flattening, and governments are putting in place plans to remove some of the lockdown restrictions, but one thing that will continue to be affected is global supply chains.
In a global economy, supply chains are complicated, and the chain reaction from lockdowns is having an impact on many parts of the economy. Specifically, with regards to food, there is a risk that the breakdown in supply chains will lead to a hunger crisis in some parts of the world.
In this interview, I talk to Steven McClurg and Leah Wald the CIO & Portfolio Manager at Exponential Capital. We discuss the breakdown of the global supply chain, the social and economic impact, monetary policy and how this will impact developing nations.
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TIMESTAMPS
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SHOW NOTES
Connect with Steven:
Connect with Leah:
Connect with Exponential Investment Management:
More from Steven & Leah:
Medium: Hunger: The Socioeconomic Effects of Food Inflation and Disrupted Global Supply Chains
Medium: Paycheck Protection
Mentioned in the show:
The Conversation: As the coronavirus interrupts global supply chains, people have an alternative – make it at home
Business Insider: US stores and supermarkets might see shortages for the next year and a half, supply chain experts say
CNBC: Companies will shift supply chains away from China after coronavirus crisis, Mark Mobius predicts
Bloomberg: Global Supply Chain Risks: World Shifts Into Survival Mode
Business Insider: How Singapore lost control of coronavirus outbreak, now second wave
New York Times: Dumped Milk, Smashed Eggs, Plowed Vegetables: Food Waste of the Pandemic
The Conversation: Why farmers are dumping milk down the drain and letting produce rot in fields
Reuters: Explainer: How the coronavirus crisis is affecting food supply
CNBC: Why oil prices went negative and why they can go negative again
The Guardian: Oil market faces storage crisis in a world awash with crude
New York Times: The World Is Running Out of Places to Store Its Oil
Oil Price: Energy Transfer Asks For Permission To Turn Pipelines To Oil Storage
The Financial Times: Oil industry facing historic production shutdown
Forbes: What Was Russia Thinking In Refusing To Cut Oil Production?
The Guardian: 'A disastrous situation': mountains of food wasted as coronavirus scrambles supply chain
Reuters: Millions of Americans join unemployment line as coronavirus savages economy
The Associated Press: Virus pushes US unemployment toward highest since Depression
Wikipedia: Gini coefficient
NPR: Why Is The Fed Sending Billions Of Dollars All Over The World?
New York Times: U.S. Fed Balance Sheet Increases to Record $6.62 Trillion
The Times: World’s biggest vertical farms ‘will turn UAE deserts green’
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