![]() ![]() ![]() JIT supply chains are the epitome of lean and highly coordinated production. Just-in-time supply chains are regional and vertically integrated I outline a novel theoretical framework that is consistent with the patterns in the data and use it to discuss potential long-term implications for supply chains in the post-Covid-19 world. To make progress on both fronts, in a recent study (Pisch 2020), I use data for French manufacturers from 1997-2006 and present a comprehensive empirical characterisation of just-in-time (JIT) supply chains. An increasingly uncertain political environment at least since the Great Recession, as well as the looming effects of climate change, have prompted concerns about robustness, resilience and indeed about the very structure of such global supply chains.īoth empirical and conceptual guidance that can inform this debate is surprisingly rare and often derived from very focused industry studies. The general public turned their eyes to the global supply chain problem when it became apparent that medical equipment was affected, too.Įven before the Covid-19 crisis started, however, the business model of the highly coordinated and efficient international supply networks, which greatly enhanced the speed and vigour with which the supply shock hit, had come under pressure. The staggered shutdown and re-opening of manufacturing hubs around the world has multiplied supply chain issues in what Baldwin and Freeman (2020) have referred to as `supply chain contagion’. When China implemented the first lockdown anywhere in the world, the supply shock immediately hit European and American companies. Global supply chains have received significant attention since the early days of the Covid-19 crisis (e.g. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |