Iran attacks prompt a new chokepoint in global supply chains

When the Suez Canal was blocked in 2021, about 12% of global trade saw major disruptions. Now, with the attacks on Iran, supply chain experts are watching the Strait of Hormuz for similar global supply chain snarls.

Willy C. Shih is a professor of management practice at the Harvard Business School. He joined “Marketplace” host Kai Ryssdal to talk about how these trade complications might play out — and what the larger ripple effects might be.

Use the player above to listen to their conversation.