four things that broke the world supply chain and if you dislike this video please hit the dislike button twice by now you are probably aware of some of the issues in the supply chain perhaps you visited the grocery store or a big box retailer and found empty shelves like many people you may conclude that this is a temporary situation in this video we'll highlight four factors causing the supply chain crisis number one pandemic most people dismiss the current supply chain crisis as a downstream ripple effect of the NUMBER_TOKEN pandemic while this is undeniably a large factor experts are now pointing out that the global shutdown actually revealed more insidious structural problems with the global supply chain imagine the global supply chain like a ridiculously long garden hose the water will continue to run for some time after the faucet was turned off additionally once it's turned back on the air that filled the hose while it was off will cause the hose to spasm and sputter until the water line fills back up in many respects china is the world's factory and warehouse during the pandemic lockdown china completely stopped the production and shipping of goods so in the case of the line that runs between china and the rest of the world this metaphorical hose never filled back up the lockdown revealed the next three structural problems with the global supply chain number two psychology the ways that people think and behave are one of the fundamental changes revealed if we start on the supply side china is experiencing an absolutely tectonic shift in the mindset of their workforce there is no better example than teng ping teng ping which when translated means lay flat is a massively popular movement among the younger generation in china young chinese have bulked at the deeply ingrained culture of overwork without the promise of real advancement they opt instead for lying flat or teng ping the lying flat movement calls on young workers and professionals including the middle class chinese who are to be the engine of the domestic boom to opt out of the struggle for workplace success and to reject the promise of consumer fulfillment for some lying flat promises release from the crush of life and work in a fast-paced society and technology sector where competition is unrelenting for china's leaders however this movement of passive resistance to the national drive for development is a worrying trend individuals that subscribe to tang ping often have no home or job they play video games watch tv and sleep some will do odd jobs a few days a month or better yet donate blood so as to not have to work at all this generation is openly rebelling against the treadmill mentality that used to be so popular in chinese culture it isn't at all uncommon to see factory owners lined up in the streets holding signs pleading for factory workers without these workers there are fewer people making products this is one factor that is contributing to the shortage of things like plastic fuel paper furniture appliances and microchips but there are more and we'll get into those in a minute on the consumer side largely the western world psychology is also a huge factor economists refer to the phenomenon as the great resignation people of all ages are quitting unfulfilling work even if this means very little income the van life movement is an example of this many people are choosing to reduce their financial burden so much that it is possible to live in their vehicles with few bills or social commitments add to this that during the lockdown many schools were closed this meant that many people were staying home to take care of their children many choosing to spend more time
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