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ArtikelBroken Links; Japan and the Global Supply Chain  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist ( vol. 399 no. 8727 (Apr. 2011), page 57.
Topik: Production Management; Manufacturers; Supply Chains; Changes; International
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Isi artikelLast year Iceland's volcanic ash disrupted air transport across Europe and gave the world's manufacturing supply chain one of its biggest tests since the advent of the low-inventory, just-in-time era. Now, Japan's quadruple disaster--earthquake, tsunami, nuclear alert and power shortages--has put the supply chain under far greater stress. Three weeks after the massive quake, the extent and likely duration of the disruption are still unclear. There are some enlightening similarities between the shocks that manufacturers are now suffering and those that buffeted the banking system in the 2008 financial crisis. In both cases two of the biggest surprises were the unexpected connections the crisis uncovered, and the extent of the contagion. Industrial firms, having spent years becoming ever leaner in their production techniques and, in the process, making themselves more vulnerable to these sorts of supply shocks, will now have to go partly into reverse, giving up some efficiency gains to become more robust. One consolation is that their problem of "too crucial to do without" suppliers looks a lot easier to solve than the conundrum of the "too big to fail" banks.
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