Nobel Laureate Stiglitz Explores Ways to Boost Supply Chain Resilience

Economist Joseph Stiglitz is known for his Nobel Prize-winning work on information gaps and risk-taking in markets. For a couple of years, he’s been working on another complex puzzle: how supply chains can be more resilient.

In an episode this month of Bloomberg’s Odd Lots podcast, Stiglitz points out a common thread between the financial meltdown that led to the collapse of Lehman Brothers in 2008 and the pandemic supply-chain crisis: interdependence, and little backup capacity when a major cog in the system breaks down.