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8min chapter
The world ran out of everything in 2020. How can we fix the supply chain?
The Hustle Daily Show
Evolution of Supply Chain and Short-Term Gains
This chapter delves into the evolution of the supply chain, from local supplies to international production, and how financialization and shareholder interests have impacted decision-making. It discusses the prioritization of short-term gains over long-term sustainability in supply chain management, influenced by stock market pressures and concepts like Just In Time inventory management. The chapter also explores how the pandemic and past disruptions have revealed vulnerabilities in lean manufacturing approaches and the need for greater resilience in supply chains.
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