Supply chain disruptions are not a new threat, and they’re not going away.

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three cheers for just-in-time manufacturing. What was anyone supposed to do? MBAs show the money charts go up by going lean. If you don’t your competitor’s money charts will go up doing just the same. Sector-wide resiliency is a tragedy of the commons.

ericvulgaris

Misleading thing to say. This time is far worse than ever and certainly not business as usual. Container prices from China have never approached anywhere remotely close to the $14k or so they’re at now.

arbuge00

Our governments were asleep at the wheel, when we decided to send all manufacturing offshore and have limited sources of raw materials and manufacturing… What did people think was going to happen…

abrandis

In today’s USA, I think the only way to insulate ourselves against supply chain disruption is to mandate an inventory stockpile, like we mandate banks keep so much cash on hand. One of the financial drivers of JIT is the tax penalty for finished goods in inventory. If we exempt a couple weeks worth of goods, I think it would go a long way to fixing this. Combine that with a mandated stockpile of component parts, or possibly offer a tax deduction rather than a mandate, and supply chain shocks will be much easier to absorb, and will move through the ecosystem much slower, too.

Twister_Robotics

People chased Just In Time style efficiency resource/time/labor saving ideas for years now, and it spread to political and economic systems in nations all around the world. Wonder if that will change now

allas04