The benefits of just-in-time manufacturing have been clear for half a century: reduced inventory, reduced labor costs, reduced space requirements, increased production. Just-in-time manufacturing works great. until it doesn’t. Enter the pandemic.
COVID-19 has taken a sledgehammer to the global market – image courtesy of APS “In the obsession with balance sheets and inventory—or lack thereof—everyone’s inventory has been kept wafer thin for years,” said Lewis Black, CEO of Almonty, an international raw materials development company and the biggest tungsten operator outside of China..…
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