Supply Chain Challenges and Responses

The video discusses the global supply chain disruptions caused by the COVID-19 pandemic, focusing on the congestion at U.S. ports, particularly in Los Angeles and Long Beach. It highlights the labor shortages and increased demand for goods, leading to delays and economic impacts such as price increases. The video also includes a trivia question about the Ming dynasty and a lighter story about a whale rescue in Argentina.

What major global event triggered the current supply chain issues?

• The 2008 financial crisis

• The U.S.-China trade war

• The COVID-19 pandemic

• The Brexit vote

What is the average waiting time for ships to get a berth at U.S. ports?

• 15 days

• 20 days

• 10 days

• 5 days

What is one of the main reasons for the labor shortage affecting the supply chain?

• Increased automation

• High fuel prices

• Lack of skilled workers

• Government regulations

What is the significance of the ports of Los Angeles and Long Beach in the supply chain?

• They are the largest ports in the world

• They handle most of the U.S. oil imports

• They are key entry points for Asian goods

• They are the oldest ports in the U.S.

What is the impact of delayed trucks on warehouses?

• Higher employee turnover

• Empty shelves

• More efficient operations

• Increased storage costs

How has the supply chain disruption affected product prices?

• Prices have decreased

• Prices have remained stable

• Prices have increased

• Prices have fluctuated randomly

What is a significant challenge faced by restaurant owners due to supply chain issues?

• Decreased customer demand

• Increased rent costs

• Higher ingredient prices

• Shorter business hours

What is the expected duration of the current supply chain issues?

• A few months

• A few weeks

• Indefinitely

• Into next year

What was the community's response to the stranded whale in Argentina?

• They waited for government help

• They moved it to a zoo

• They ignored it

• They organized a rescue effort

What was used to help lift the stranded whale back to the sea?

• A boat

• A helicopter

• An excavator

• A crane