4 Special Edition Will a New Economy Emerge in the Wake of the Coronavirus Pandemic?

Pharmaceutical manufacturing

While the major concern we have during this most extraordinary moment is for the health and safety of our friends, family and fellow Americans, it’s hard to avoid the other implications to our personal and national economic well-being.  The two converge most directly when it comes to a long documented over reliance on Chinese manufacturers for essentials in making our pharmaceuticals and medical supplies and devices.  We discuss this most critical ‘supply chain’ issue, and a host of others, with William Putsis, PhD, a Professor of Marketing, Economics and Business Strategy at the University of North Carolina-Chapel Hill and a Faculty Fellow for Executive Programs at Yale University.  He is the author of the new book, ‘The Carrot and the Stick: Leveraging Strategic Control for Growth’.  We discuss the impact of just in time inventory and lean manufacturing on where we find ourselves during this crisis and how we may look on the other side from an economic standpoint, including tele-commuting, brick and mortar businesses and emphasis on hygiene as a growing societal concern.  Recognizing that we are just leaning in to this crisis as we post this episode, as always, we do our best to take the long view of this tremulous moment.