Just-in-time inventory management was a great concept, even a great practice – until it wasn’t. Wasn’t IS now. Delays, product shortages and increasing costs continue to frustrate businesses of all sizes. The Great Supply Chain Disruption is a reality and it’s here. A Harvard Business School expert doesn’t see it getting better this year.
Source: New York Times, August 30, 2021. Link. But the price of moving goods to the United States from Asia is up as much as tenfold since the beginning of the pandemic, and Columbia may have to consider its traditional mode.”