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Yale economists take aim at improving supply chains

Yale economists take aim at improving supply chains
Yale researchers are engaging with business leaders on policy-relevant research to make supply chains more efficient and resilient.

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Yale Economists Aim to Strengthen Supply Chains

Yale University recently hosted a conference to address the challenges and disruptions faced by supply chains, which have become a familiar issue for families and businesses in the United States. The conference, organized by Yale economist Aleh Tsyvinski and Princeton economist Ernest Liu, aimed to support efforts to predict, avoid, and manage supply chain disruptions. The event featured a keynote by Benjamin Gordon, a leading advisor and investor in supply chain companies.

Tsyvinski and Liu, with support from the Tobin Center, are developing a platform that offers detailed information on supply chain disruptions in near-real time across various products, industries, and localities. The project aims to provide insight into the functioning of supply chains that can benefit policymakers and the private sector.

The Tobin Center is also supporting The Supply Chain Research Alliance, a project by economists at Yale, the London School of Economics, and MIT to identify management practices that make supply chains more efficient and resilient.

The conference also highlighted the importance of supply chains to the global economy and the potential for collaboration between academia and the business world to strengthen them. The scholars emphasized the need for combining business and academic perspectives to address supply chain challenges effectively.

Tsyvinski and Vladimir Smirnyagin of the University of Virginia are developing a platform to identify and measure supply chain disruptions. The platform analyzes detailed data to create a monthly index of supply chain disruption, providing insight into disruptions across industries, products, and localities.

The economists hope that the platform will benefit businesses and inform policymakers by providing timely and detailed data on supply chain disruptions. For media inquiries, contact Bess Connolly at elizabeth.connolly@yale.edu.

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