I've been complaining about JIT for years, but all the "industry professionals" kept telling me how wonderful it is and all my fears are overblown. Even now that we're in the middle of the JIT death spiral, wasting billions if not trillions of dollars globally, they're all insisting that these issues could simply not be avoided no matter what.
I hope that in 10-20 years, we'll look back at JIT as the mistake of corporate greed and hubris it is.
Plastics are often using petroleum derivatives or by products of the refinning process.. so makes sense that plastics getting expensive to manufacture and to ship.
I don't think we've had the mass layoffs that we had in 2008 yet. Some industries might have had them, but IIRC back in 2008 it was pretty much an across the board haircut.
I've been complaining about JIT for years, but all the "industry professionals" kept telling me how wonderful it is and all my fears are overblown. Even now that we're in the middle of the JIT death spiral, wasting billions if not trillions of dollars globally, they're all insisting that these issues could simply not be avoided no matter what.
I hope that in 10-20 years, we'll look back at JIT as the mistake of corporate greed and hubris it is.
It's causing headache after headache to deal with, but I'm getting no small satisfaction from watching what is happening to the JIT cult.
Speaking of food recalls did you hear about the Hep A strawberries?
Plastics are often using petroleum derivatives or by products of the refinning process.. so makes sense that plastics getting expensive to manufacture and to ship.
And free checks from the government.
I don't think we've had the mass layoffs that we had in 2008 yet. Some industries might have had them, but IIRC back in 2008 it was pretty much an across the board haircut.
That’s coming.