Balancing Efficiency and Resiliency in the Global Supply Chain

The chapter explores the challenges of prioritizing efficiency over resiliency in the global supply chain, using examples like precision scheduled railroading and lean manufacturing practices that led to supply chain disruptions. It discusses the implications of overemphasis on efficiency driven by investor interests and stock prices, highlighting the need to rethink strategies to achieve a balance between efficiency and resilience. The conversation also delves into the economic concepts of lean manufacturing, globalization, and the evolving dynamics between countries like the U.S., China, and India in shaping supply chain decisions and national security implications.