Can’t Get What You Want: How Just-In-Time Practices Inflame COVID-Caused Product Shortages

Just-In-Time (J.I.T.) inventory management was a revolution for business, but when COVID-19 and its attendant government-mandated shutdowns hit, J.I.T. pipelines collapsed. Nearly every industry has been punished by its reliance on cheap, reliable transportation to get parts to the factory as they’re needed. Will consumers pay for a return to inventory stockpiling practices of the past that drives up the cost of everything?

BACKGROUND RESOURCE:
How the World Ran Out of Everything, The New York Times, June 1, 2021

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