The biggest long-term lessons we can learn from the supply chain crisis
The IndependentThe just-in-time world economy is in trouble. There are not only worries about supplies for Christmas, but fears that the global shipping crisis may last well into next year. “Faced with historically long delivery times, global manufacturers’ stockpiling of inputs continues to run higher than before the pandemic,” she said. For example, the German supermarket chain Lidl claims:“We're … passionate about sourcing locally where possible and more than two-thirds of our products are sourced from British suppliers.” In April, John Allan, head of Tesco, called for companies to boost British supply chains and rely less on overseas sources. It seems people say they want a wider range of things to choose from, but actually are liable to get confused and worry they may buy the wrong things.