tv [untitled] October 14, 2021 8:30pm-9:00pm AST
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will help them gain fun. michelle, in this, in this part of northern nigeria most goes, i expected to get by the string to holiday, but many get divorce before that even settlement legal. that's when organizers believe that training would be useful. but a lack of resources are threatening to drain the program. there's always that challenge our funding funding and funding is a major, major challenge. because we also have to put pottery and as an equip, i teach us with as much information on as much training as possible with money drying up whilst i beautiful idea to help disadvantage teenagers may soon feed into oblivion along with the hopes of many goals. what dream of changing their society and the world? i'm at the trees algebra couple. nigeria? ah, exactly. 1730 g m t. these are your top stories.
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a cautious com has returned to beirut off the hours of violence that left at least 6 people dead and many more injured. they were the worst st. clashes there in more than a decade. troops moved in after gun fire broke out a protest against the judge leading the investigation into last year's port blast has bhalla and its allies of accused the judge tarik, better of political bias in his prob, without providing any evidence. zanada is in beirut. it was really a dangerous escalation that according to has been amal. a began when the, the protestors who are heading towards the justice palace were ambushed in the statement as well. and i must say that a sniper opened fire, and they're actually pointing the finger at the lebanese forces. now the lebanese forces has denied there's, they've denied this charge and they're calling for an investigation. so it's very hard to independently confirm what happened. but this is,
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according to the authorities, how this escalation is dangerous. escalation began. i leveled taliban delegations in turkey is it continues a diplomatic push for support and recognition. they've met the turkish foreign minister in ankara. that's come a day after talks incatel with a group appeal to us and e. u. officials, to end afghanistan's isolation for members of egypt, security forces are going on trial in room accused of involvement in the kidnapping and murder of an italian academic julia re. janie's body was found and it did shut . so cairo in 2016 a post mortem showed he'd been tortured. norway's intelligence agency says an attack by a man wielding a bow and arrow does appear to have been terrorism. 5 people were killed. a 37 year old day, new suspect has now been arrested. those are your headlines up next on this channels inside story. after that, i'll have the news off for you 60 minutes use and comment. see that
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ah the latest technology to toys, building materials needed so many products are in short supply around the world. so what's causing the supply crunch, and will this mean higher prices crystal, this isn't like story. ah, hello, welcome to the program on him or on con, a supply chain crisis is threatening to derail the wells. economic recovery from the pandemic. you small phones, toys, clothes,
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and even christmas turkeys are among many items, not reaching consumers. analysts blaming what they call a perfect storm of problems. dozens of cargo ships a stock off the coast of southern california in the us. they waiting to unload containers at ports in los angeles and long beach. the handle almost half of americas imports. that backlog is pushing up prices. shops warning them te shelves ahead of thanksgiving and christmas. u. s. president joe biden says the ports will now work 24 hours a day, 7 days a week. delivery companies, a major retailers, are also working overtime. this is across the board commitment to going to 247. this is a big 1st step in speeding up the movement of materials and goods through our supply chain. but now we need the rest of the private sector chain to step up as well. our goal is not only to get through this immediate bottleneck, but to address the longstanding weaknesses and our transportation supply chain at
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this, pandemic has exposed the problem was the main focus of a meeting of g 7, finance ministers in washington. on wednesday, britton's richie sonic said they agreed to work constructively towards a solution. the u. k. supply problems are compounded by briggs it and a shortage of truck drivers. cargo ships have been diverted from britain's biggest port container terminals in europe or at full capacity as well. we see this issue actually in all major european ports, but also ports across the world in the u. s. in china, there are disruptions in because, you know, due to the been, they make the china, which is basically the factory of the world and stood still for a couple of weeks. and then they started production again that created a backlog that created the disruption. in the meantime, there have been other global disruption such as the incident in the so s channel, the bricks, it's an in the factory of the world. a china output has slowed down for the 1st
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time since the pandemic started. several provinces are suffering from power cuts and electricity rationing the price of commodities has gone up. a major index measuring the cost of goods for wholesalers, rose by 10.7 percent last month, the fastest jump in 26 years. ah, let's bring in our guess in newcastle, jazz at keller, assistant professor in supply chain management at newcastle university business school in the anti china. dan wang chief economist at hang sang bank china and in plymouth. several can, i am perry this lecture in maritime economics. and the head of the maritime transport research group at the university of plymouth. welcome to the program. let's begin in new castle 1st. we just kara, as i understand it, the most simple way of describing this global supply chain is the fact that it works on this kind of last minute principle. the idea is that with frictionless
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borders, with all the supply chain working at once, everything gets to the shops, everything gets the stores just in time. nothing has stockpiled. and for that, for decades, that system has worked for the most part. but now with the pandemic and with briggs it and with say, shortage of workers, those that last minute principal as being really test it. is it still working? is it still the best way? the whole principle of just in time production and delivery. it's bugs in certain settings and it doesn't buck another setting. and it's really important to distinguish between the 2. so just in time, of course has good benefits in times. all that is evidence is it doesn't say that it's a good quality, no cause no time method of delivery. however, it also makes up like it really wasn't able because
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a lot of organizations i've adopted this approach have done it to achieve the local no inventory benefit. so i took my kids up. all right, well we have, let us talk about these things happen. be find that how reliance be on our global supplies of global teams and bottles of fiction that i'd like to be. so ben pandemic, what any exists in a shop, a car. bees under abilities get expose and then we find out the problem that our system and we need a more system or a hybrid system to combat this and you until done, why is it simply then that actually we just have to deal with these problems on there? because i don't occur that often, and this is like a very one off event as it was like the pandemic briggs supply, worker shortages, that kind of thing. is it simply that this is just the cost of doing business? i do think it has a lot to do with college and how different governments deal with college. and the
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reason why china has and last severe problem in its domestic supply is because the government has strong control over depend damaged breath. but if you look had most of garments in the world, actually they have already become very flexible in what people can do, what workers can do. and that ask, disrupted a lot of production process. and on top of that, the shipping cause has been extremely high and it doesn't look like it will come down anytime soon. so this as to the power shortage in china. so i think this problem will continue to at least the end of next year. but is it simply done with the cost of just doing business like you just have to adapt to when things like this happen? i believe so because a event like this is highly unpredictable. nobody knew that there will be a supply chain disruption in the scale. and when people learn how to post a call,
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the situation last march, all a sudden every country was in the shortage of masks and a medical devices. but people, jeff, people respond and fatter responded very differently. and we have seen that china motivated a lot of his domestic manufacturers and effectively solve this problem with the 3 month to for most economy. they do not have such industrial foundations, so they have to bear the cost of waiting and eventually import masks from countries like china, policy answers. and so sorry, i was bring your point to stavros. karen perry, this is in plymouth up. so is this the but look, this is the only system we call it a system that does work and sometimes breaks down. but is it the, any system we have? yes, it is the only system that we have, and i think it's very reliable system. the fact that we're seeing some kind of disruptions at the moment, it makes sense because according the latest that these sticks are, we have
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a 16 trillion of use dollars that this customers want to spend. and that kind of money has been saved during the bundle from people not going out for eating and all the other social activities in those kind of stuff. so people are now going out that are spending money craziness. we have an increase in the month of 6.5 percent compared to 2020. and you may think that 2020 was kind of anomaly which i agree with you. and then if you can better with 2019, that is bringing the demand of 3.5 percent. so in 2021 we have 3.5 percent more demand. and at the same time we have ports of their striving because of coverage. we have lack of containers i, we have a lot of disruptions view of it also says thing with lack of truck drivers in the u . k. all over the globe. so that is kind of causing us more problem, which as we said that it always is part of the business. you know, we really have to deal with us and the business sector is doing that. does cover the business sector is there is dealing with it. i mean, you look a bit skeptical there. yeah. because i do agree that it is
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one. it a lifetime event. it's a big deal, but then it shocks some people calling it a block funny event. but i, i'm of the opinion that we have had version of such events, smaller scale, but we haven't, we haven't seen disruptions since 201140. and you know, every time i feel like and destruction occur, we try to deal with the solution rather than thinking about more long term solutions that be, that we can probably event. so for example, one thing that i'm particularly if we take the example of co is what i, what i think is that it is a global problem of supply chain global. however, you know, call us for governments to, as they, as they should at this time, to look a lot more inputs and they, they're trying to deal with the corporate situation. but locally, however, the, that, that is going to affect the links between these,
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these notes. so we have to think about them and we have to prepare for any future such events. i think we need to rethink the supply chain strategy. yes. you know, i know that, you know, people have been appointed points to fantasy to say christmas. but we have to think beyond that as well done well in china, one of the things that global government seems to be doing is actually passing the buck. and oftentimes that book stops with china. lot of people are blaming china for this. they say, well actually that's where the disruption begins, and if there is disruption in china than that fix the entire global supply chain. is that fair criticism, or is it just once again, blaming the biggest country? ah, because china is the biggest a manufacturer in the world and also usually the largest trading partner of most countries in the world. this lane has some foundations because right now the biggest problems were chinese manufacturers is that they don't have the shipping
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capacity to send those goes out. even if they produce enough, they're usually one to 2 quarters behind when they actually hold a container. so we have saying that the companies in china, in closer regions are declining new orders. the power shortage is certainly as to the wall of this whole misery. but the biggest bottleneck is still shipping on. chinese companies are simply cannot guarantee the shipping delivery several in plymouth just before we came on a my executive producer was in the pockets of oreos. anyway, the point that perhaps we should be eating more locally. that one of the things, one of the reasons for this is that we should be more likely to pointed out the actual bureaus were made in america is, boy, is this getting people to try and look up, eating more food locally using more? local manufactured goods, is there a way around this crisis to, to be honest, i don't think so. that's a problem related global is my the moments or because even if you see what is
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happening today, for example, a lot of local producers are saying that we don't have enough manpower to slaughter some of the animals. so even if you try to eat locally, that means that we don't have enough resources at the moment, so we really have to start thinking holistically up on the overall supply chain, how it's operating and what kind of factors that are that are affecting it's. so at the moment you quietly, right, you said that coffee is affecting the supplied zane. you may have here in the news that we're having some suits here against hitting time at the moment. so again, we're going to have more disruption and sign his boards. and at the end of the day, it's not on, it's, i know if you see us as well, we have a lot of vessels coming out there. europe, the same story as mixing in the be those before. so it's a matter of making investments and trying to predict their predictable because we had an economic crisis back in 2008. and as you remember back, that would cover we had that increased demand. we had 0 problem since then. now, yes, we have an increased demand, but because we have problems with supply, which those what progress i'm weak, the factorial,
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it's kind of difficult to navigate through them and predict them. so i think that's the problem we have to face and we have to make a more resilient network. does kara in newcastle politicians a warning now that there will be shortages in the near future? obviously they are thinking that this is a serious problem, but i can't help a think if you're warning about this now, then it is going to be a problem. but the basic, underlying issues haven't changed with this a long term problem, right? i completely agree. this is more of been in a bit more time posting that yes, this is going to occur. and on some level it has pretty good planning, buying as well. so this problem is likely complicated. a lot more actually by these announcement, but yeah, you're still right, but this is a long term problem, particularly take your sample code has only complicated the problem that was already there, which was entering into negotiations because they could open the union and depends
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a lot on that so you know, colon combined, that breaks it has actually made it a long term problem and that's going to leave. but the, you can't be the long term solution. i. 5 completely agree with the point there that's going to be like we need to think locally and, and what i would like to say on that is we need to take about a line that will be developing supply system supply chains. and that does that rely on local capabilities. the problem is that we, a lot of organizations are solar lined on global appliance. we don't even know what local abilities are, and actually that might lead to changes in the types of demand for the types of demand package. so i think this is a long term problem, and we need to think sustainable long term solution. otherwise it will just come back again and save time next year. buying people that bought 60 percent to 70 percent more or more of christmas gifts that they did last year. so is that what
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they're doing is that they're buying early. so it, this problem is actually going to complicate done learning in china. listen, is a more easily hurricane way of looking at this. all we demanding infinite growth from planet with finite resources. and actually what we're doing is we're buying way too much. and actually that does need to be a readjustment of demand or is growth everything. while the ward is suffering from consumerism, this point i agree with you, we probably can tolerate spending a bit last individual basis, but when it comes to the supply chain, it is a very different situation. now from 30 years ago, countries have to balance their own patterns. all countries like britain and the us have probably permanently lost their ability to develop
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a made range and lower and supply chain of their own. and if we look at the global goods about 80 percent are produced and sold locally, only about 20 percent of the goods are doing international trade. they're traveling around the world. and amanda is 20 percent of global. this is very unlikely that any of the countries did not have the capacity can suddenly debacle. capacity is either because the higher land cost or higher taxes or labor costs, they just didn't. they cannot. they have to rely on i c n on china. so i think this is a new reality, people have to adapt to, they can just develop or to or expect a parallel system. one, rely on the regional supply and why rely on the global supply is just simply not a reality anymore. and several sure, electron maritime economics and at the head of the maritime transport research group. i mean, what do you think of what don juan has just said?
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i think there is, i sense of truth missing that one. so we really have to start thinking that again, we haven't managed to find the ex product that we're looking for. why we can buy the y. so we have to increase a bits or be a bit more open minded, let's say, in the choices that we're doing as customers. because i think that will help us to navigate through those crises. which as i said before, is not dealing with globalization. i think it's going to be over boss quite soon from the business sector because we have to sell goods and that's the way to prosperity. and that's how we've managed to build up our economics models for many, many years. and so i think the future is that yes, we can buy more local stuff ah, yes, we can think about the choices. but as one sent earlier on, we really have to think a bit more holistically and try to find out better options. let's put it that way. just kara, if you are advising, say the american government right now, the british government even right now, and i understand they both have very different problems when it comes to global supply chain management. what is the 1st thing you're going to get a,
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the americans to fix and be the british, the things well, on the immediate layer, on the more or a shot and a shot, the images. i would really like the u. k. government to think carefully about the relationships that be happy to european partners and get that sorted is the right way because ignoring some of the crisis situation and get uncovered. bonham because yes, covered as complicated situation. what the problem was already did. so i think we need to, as a nation, we need to think about cradle my case more carefully develop new capabilities. yes . be we also have the challenges around the current process building back better. luckily that's, that's really important. so that's, that is something that we need to consider doing and also as relationships and get some questions about the problems that we have. but more american
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it my, my advice, and i said this is a caviar because i know less about us the u. k. but i think i'm very concerned about the around problem, which is the big line of the big we have right now, but they're, they're the containers are not, not, not taken off the ship. so i think we need to resolve that problem to get that get that issue right? they are doing it in the shop. they have wal mart and they have union 247. what, how sustainable is that? so i can be thing, be on, be shot them solution. so we need to, we need to solve the problem done wrong and turn, or if you are advising the chinese government on a long term solution, long term, even planning to deal with this in the future. would you tell them well, the chinese government has already emphasize the supply side, the reform, which is centering around supply chain security. and number 2 is for security
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number 3 energy security. so my advice would be they have to adopt more market based reform. and in a way, those power shortage and the supply chain bottleneck right now has created an opportunity. we have already seen that in the past months, chinese government has allowed the coal power electricity price to fluctuate more or less based on market demand and supply. so they have achieved more in a month than already in the past decade. so in a way this is a positive force. so again, i'm going to get you to explain a few of those terms. they're just for the people who they might not understand home when you're talking about the chinese power crisis, you're talking about a shortage of power within china itself. so there's electricity blackouts, correct. so there is a power shortage and that is because the coal price is very high, but the end electricity price cannot be fully adjusted. only about
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a 35 percent of china is traded. it shows that he can fluctuate with market supply and demand, and the rest is fixed price. so last among, chinese government actually allowed the electricity price that's generated that's coming from coal power plant to fluctuate. and that is quite significant progress because there was a lot of opposition from the legacy system. several, you've heard or other guys have had to say, do you still think that this is probably the best system we have? i think so, and if i had to advising the governments not around the globe, i would say that they really have to go see their supply chain more carefully. and they also have to set that risk management exercises and try to think carefully how not to suit to convert success is because i think the biggest problems that we're seeing and the moments are taking place in us in the u. k. and that's because those 2 governors come on us to roll out of the vaccines quite quick. or we could run the s of the ward and also they have minus to have to reopen. they can always quicker
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than the rest of the ward. so i think that kind of victims of their victories because they have modest robin the economy so fast, and now they're having problems with the supply because the demand is already there . but the supplies and all that to see that the demand. so trying to think about carefully when you're playing with kind of there's, when you open that market, for example, how the market is going to react to do months. i think it's very important for the near future. just kara, we are running out of time, but i just want to ask you this question. there is collateral damage when it comes to the global supply chain. it's not just the big economies in the world, china, the us, russia, britain, europe, et cetera. there are, you know, poor nations who certainly can't afford to trade certainly can't afford to buy those because because the price has gone up. does that make a difference to how the supply chain works? well, absolutely. i think that's, that's a big situation, particularly when you have a supply chain. and that's why there's this whole idea that we know that the china
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cabinet is essentially just the ones on the top of the supply chain, a nation they need to think about their suppliers more responsibly. by example, been discovered situation started a lot of big tech side retainers. they terminated their contracts with the government manufacturing factories and bundle. and it was, it had such an impact that it was, that was the whole industry was at the break. and so we need to think about that more and more carefully that by our resource to get from that country. and if you also say from that my team, we need to think about those supplies, not just as a cost reduction mechanisms, but also as well. so that they are going to be a sustainable growth over the years as, as suppliers. i want to thank all our guest jazz camera, dan wang and star rosa perry. this and i want to thank you to for watching. now you
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can see the program again, any time buy this thing or website, how does there a dot com for further discussion? go to our facebook page at facebook dot com, forward slash ha inside story. and you can also join the conversation on twitter. we are at a inside story from me, i'm ron cohen and the whole team here. my for now. ah. in the country with an abundance of resources, trade, foreign walk indonesia,
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his friends for me, we moved full to grow and frock. we balanced for green economy, blue economy, and the digital economy with the new job creation law, indonesia is progressively ensuring the policy reform to create quality jobs investment. let me part when denise is growth and progress invest. even if you're now october on al jazeera, from growing vaccine inequality to the political and economic impacts, the latest development as the corona virus pandemic continues to spread across the globe. democracy made an expensive new series, explores the ever growing challenges to democracy around the world. format became a fossil president, place come for, it goes on 5 for the assassination of his predecessor commer. thank other context, india direct from them by brings insights and perspectives from the world's most populous democracy. yorkies go to the pole in an election likened to define the
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incarcerated. there's just another form of flavor. the gym co convictions on al jazeera, investigating the use and abuse of power across the globe on al jazeera. ah, ah, this is al jazeera ah, hello and welcome. i'm pete adobe. you're watching the news. i live from doha, coming up in the next 60 minutes gone battles and explosions in beirut following protest against the g.
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