retail

Just in time: why we keep running out of everything – video

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The global supply chain seems to be in a perpetual state of crisis. Whether it’s groceries, petrol or microchips for electric vehicles, everything keeps running out. But why is it happening? The crux of the matter lies in the way our global supply chain works, and how companies have come to rely on a unique system of efficiency called ‘just in time’, developed in Japan in the late 1960s and early 70s. Josh Toussaint-Strauss explores how the prevalence of ‘just in time’ supply systems are contributing to a global supply chain crisis

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