Channel: The Guardian

Category: News & Politics

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Description: The global supply chain seems to be in a perpetual state of crisis. Whether its groceries, petrol or micro-chips for electric vehicles, everything just keeps running out. But why does it keep happening? Subscribe to The Guardian on YouTube ► bit.ly/subscribegdn 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, dubbed 'just in time', which 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 The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► bit.ly/3biVfwh Website ► theguardian.com Facebook ► facebook.com/theguardian Twitter ► twitter.com/guardian Instagram ► instagram.com/guardian #supplychain #itscomplicated #economics