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Host joining us now is Patrick Penfield of Syracuse University here to talk about what you have heard about the last few weeks, delays in the supply chain. Good morning. Guest glad to be on the show. Host what is the best way to think about a supply chain, particularly with the issues currently at play . Guest supply chains are simplistic. It is basically input, transformation, output. They have gotten complicated over the years, and a lot of bit has been due to cost reduction, trying to get the lowest cost and the best quality, so now we have a Global Supply chain crisis, problems and issues throughout various parts of the supply chain. Host what are the biggest problems adding up to the crisis . Guest yeah. The big one is a shortage of materials. We have a shortage of the basic ingredients, chemicals, for Semi Conductor chips especially. We have long lead times that keep getting longer. An example would be come if you were to ship something from china last year, it would take about 3
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