Networks & Supply Chains: Tripping the Light Fantastic -Wednesday, March 31, 2021
The recent grounding of the huge container ship in the Suez Canal just provided another example of supply chain interruption that gives new meaning to the “butterfly” effect – the phenomenon whereby a minute localized change in a complex system can have large effects elsewhere. This was brought home to me when a story in an Economist podcast(beginning at 16:45) on the Suez pileup. Interestingly, the report related the Suez choke in the global supply chain to similar effects on the global economy resulting from the blackouts in Texas. I think I just felt a butterfly wing flapping at Palo Verde.