🎧 Just-In-Time or Just-In-Case economy? (Future Tense)

Listened Just-In-Time or Just-In-Case economy? from abc.net.au

A little known management theory called Just-In-Time was originally devised to make supply chains in the Japanese car industry more efficient. In the second decade of the 21st century it underpins all economic and organisational activity right across the globe

But a growing number of economists and business management experts believe the Just-In-Time philosophy has reduced the resilience of industry and influenced the casualisation of employment. And in a time of coronavirus, they argue, it now threatens our future economic and social wellbeing.

Antony Funnell leads a conversation into fragility of just-in-time supply chains. This feels like it touches on the work of Nassim Nicholas Taleb.

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