Just-in-time manufacturing allowed the car industry to run incredibly lean, giving much improved efficiencies and cutting swathes from storage costs. The business model allowed for parts to be shipped from all over the world in precise time slots, just when the main factory needed them.
But the events of the past two years have turned all that on its head. First, the semiconductor crisis and more latterly the war in Ukraine have forced companies to reassess their complex supply chains.
With these global events threatening the car industry like never before, is the just-in-time model no longer fit for purpose?
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