Name: Rethinking Supply Chains and Shipping to Reduce America’s Vulnerability to China
Start: 2023-03-13T13:30:00-04:00
End: 2023-03-13T14:30:00-04:00
Location: Hudson Institute

March 2023

Past Event

Rethinking Supply Chains and Shipping to Reduce America’s Vulnerability to China

Past Event

Hudson Institute

March 13, 2023

LOS ANGELES, CALIFORNIA - FEBRUARY 07: Shipping containers are stacked on a container ship at the Port of Los Angeles on February 7, 2023 in Los Angeles, California. The Commerce Department reported today that the U.S. posted its largest-ever trade deficit in 2022, $948.1 billion, as Americans imported large quantities of machinery, medicines and industrial items amid weakened global demand and high inflation. (Photo by Mario Tama/Getty Images)

Shipping containers stacked on a container ship at the Port of Los Angeles on February 7, 2023, in Los Angeles, California. (Mario Tama/Getty Images)

March 2023

Past Event

Speakers:

Hon. Peter DeFazio (D-OR, ret.)

Former Chairman of the House Transportation and Infrastructure Committee

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The supply chain crisis provided a glimpse of America’s vulnerability to shipping bottlenecks as freight rates skyrocketed, key supplies were delayed or simply unavailable, consumer prices surged, and US exports were left behind. The US government could do little about the problem, in part because America has essentially no control over the international maritime logistics system. Fewer than 100 ships out of a global fleet of 50,000 are American, and no American shipping company is in the top 25. While the pandemic triggered the recent supply chain chaos, there is growing concern that China could weaponize its increasing control over supply chains and shipping, with catastrophic consequences for the US and global economy.

Former Chairman of the House Transportation and Infrastructure Committee Peter DeFazio joins Hudson Senior Fellow Michael Roberts for a conversation on shipping and international trade, which will address why America finds itself in such a vulnerable position and what can be done to turn the ship around.

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