A very good article on how emotions and rational thinking combine in decision making, and some ideas on how to make them work better together. A Nobel prizewinning economist and a top neuroscientist discuss the topic.
A Nobel Prize winner and a leading behavioral economist offer common sense and counterintuitive insights on performance, collaboration, and innovation.
Source: Leadership and behavior: Mastering the mechanics of reason and emotion | McKinsey & Company
The second State of Freight report is out. We should listen to it because one thing Trump expects to do is spend big money on, guess what, infrastructure construction projects. If he gets rid of EPA regulations, we can see these move forward quickly, for better or worse. Reports such as this will provide important input to the choice process.
The report comes a year after Congress made dedicated freight funding a priority, with almost $11 billion in funding for freight mobility in dedicated freight funds as part of the Fixing America’s Surface Transportation Act, the report also notes how states will have a key role in how the U.S. plans for freight movement and what projects will be completed.
Here’s the actual report in PDF format: aapa_state_of_freight_reportii
Posted in Logistics, Ports, Rail, Supply Chains, Trucking
Tagged infrastructure, Logistics, supply chain
Some more recent data and an excellent explanation of why the break even cost for shale oil is a moving target. Especially useful is the description of the horizontal drilling technique.
This explains why US shale oil production did not go down like the Saudis thought it would when recently (2015) they tried to pump more oil to capture market share from the US and others as world prices fell. It turned out to be hard to drive out shale oil producers.
What is the break even cost for shale oil? That depends on a number of factors, and it is a moving target.
Posted in Investing, Production Operations, Supply Chains
Tagged energy, innovation, Logistics, Oil, shale oil, supply chains, technology
Supply Chain Digest Port Technology International Marine Link
